Cost of living comparison

New Zealand

compared to

Iceland

Reykjavik vs. North Shore Cost of Living Summary

Reykjavik is 74.4% more expensive than North Shore.

Restaurants: pay 82.6% more in Reykjavik
Groceries: pay 75.3% more in Reykjavik
Transportation: pay 76.2% more in Reykjavik
Housing: pay 77.5% more in Reykjavik
Childcare: pay 31.3% more in Reykjavik
Entertainment and Sports: pay 73.0% more in Reykjavik
Clothing: pay 2.0 times more in Reykjavik

The cost of clothing, restaurants, housing, transportation, groceries, and entertainment and sports in Reykjavik are more expensive than in North Shore. Notably, clothing, restaurants, and housing are significantly more expensive in Reykjavik.

Reykjavik vs. North Shore Cost Breakdown

If you lived in Reykjavik instead of North Shore, you would:

Display currency: USD

pay 82.6% more for restaurants

	North Shore	Reykjavik
Basic meal with drink at inexpensive restaurant	$14.42 NZ$25.34	$27.48 ISK3,445	+90.5%
Fast food combo meal McDonalds, or similar	$8.65 NZ$15.20	$22.76 ISK2,854	+163.0%
Bottle of Coca-Cola (11 fl. oz)	$2.17 NZ$3.80	$3.34 ISK418	+54.0%
Bottle of water (11 fl. oz)	$2.20 NZ$3.86	$2.70 ISK338	+22.9%
Average			+82.6%

North Shore vs. Reykjavik - Cost of restaurants

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pay 75.3% more for groceries

	North Shore	Reykjavik
Bread 1 loaf	$1.45 NZ$2.55	$4.63 ISK581	+219.0%
Local cheese (8 oz)	$4.01 NZ$7.04	$9.44 ISK1,183	+135.4%
Milk (1 gallon)	$6.37 NZ$11.19	$7.63 ISK957	+19.8%
Eggs 1 dozen	$5.71 NZ$10.03	$6.50 ISK815	+13.9%
Boneless chicken breast (1 lb)	$4.18 NZ$7.33	$11.29 ISK1,416	+170.5%
Apples (1 lb)	$1.22 NZ$2.14	$1.59 ISK199	+30.8%
Bananas (1 lb)	$0.94 NZ$1.65	$1.17 ISK147	+24.2%
Oranges (1 lb)	$1.38 NZ$2.43	$1.49 ISK187	+7.6%
Tomatoes (1 lb)	$2.04 NZ$3.59	$2.54 ISK318	+24.0%
Potatoes (1 lb)	$0.81 NZ$1.42	$1.70 ISK213	+110.6%
Onions (1 lb)	$0.65 NZ$1.15	$1.13 ISK142	+73.0%
Average			+75.3%

North Shore vs. Reykjavik - Cost of groceries

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pay 76.2% more for transportation

	North Shore	Reykjavik
Gasoline (1 gallon)	$6.10 NZ$10.72	$9.66 ISK1,211	+58.3%
Monthly public transit pass	$62.02 NZ$108.96	$88.58 ISK11,106	+42.8%
New Volkswagen Golf 1.4 (standard edition)	$23,077.19 NZ$40,543.21	$50,771.00 ISK6M	+120.0%
Taxi trip in downtown area (5 miles)	$15.27 NZ$26.82	$28.07 ISK3,519	+83.9%
Average			+76.2%

North Shore vs. Reykjavik - Cost of transportation

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pay 77.5% more for housing

	North Shore	Reykjavik
Internet connection 50 mbps or faster, cable/dsl	$48.52 NZ$85.25	$81.97 ISK10,277	+68.9%
1-Bedroom apartment in downtown area	$1,013.76 NZ$1,781.03	$2,259.48 ISK283K	+122.9%
1-Bedroom apartment outside city center	$764.53 NZ$1,343.16	$2,034.90 ISK255K	+166.2%
Utilities for two (700 sq ft apartment) including electric, gas, water, heating	$117.26 NZ$206.01	$60.87 ISK7,632	-48.1%
Average			+77.5%

North Shore vs. Reykjavik - Cost of housing

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pay 31.3% more for childcare

	North Shore	Reykjavik
Private preschool for 1 child, monthly	$878.54 NZ$1,543.46	$327.78 ISK41,097	-62.7%
Middle school for 1 child, two semesters	$13,628.73 NZ$23,943.66	$30,711.08 ISK4M	+125.3%
Average			+31.3%

North Shore vs. Reykjavik - Cost of childcare

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pay 73.0% more for entertainment and sports

	North Shore	Reykjavik
Domestic/local beer (1 pint)	$6.92 NZ$12.16	$13.12 ISK1,645	+89.6%
Cappuccino in mid-range area	$3.46 NZ$6.08	$6.17 ISK774	+78.3%
Pack of cigarettes Marlboro or similar	$24.23 NZ$42.57	$13.94 ISK1,747	-42.5%
Monthly membership at local gym	$27.69 NZ$48.65	$87.35 ISK10,952	+215.4%
Movie ticket to theater/cinema	$13.85 NZ$24.33	$17.18 ISK2,154	+24.1%
Average			+73.0%

North Shore vs. Reykjavik - Cost of entertainment and sports

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pay 2.0 times more for clothing

	North Shore	Reykjavik
Regular jeans Levi's brand	$67.87 NZ$119.23	$145.10 ISK18,192	+113.8%
Regular dress from H&M or similar store	$38.94 NZ$68.42	$63.97 ISK8,020	+64.3%
Running shoes Nike or Adidas	$90.39 NZ$158.79	$193.43 ISK24,252	+114.0%
Men's business shoes (leather)	$109.62 NZ$192.58	$248.79 ISK31,194	+127.0%
Average			+104.8%

North Shore vs. Reykjavik - Cost of clothing

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The statistics used to build this comparison are calculated using data from users just like you. We average the price of thousands of data points entered by users across the world. Learn more about our data sources. Page last updated: April 2026

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