Reykjavik vs. Olive Branch Cost Breakdown

If you lived in Reykjavik instead of Olive Branch, you would:

pay (unknown) more for restaurants

 
Olive Branch
Reykjavik
Basic meal with drink at inexpensive restaurant ?? $27.48
ISK3,445
Fast food combo meal
McDonalds, or similar
?? $22.76
ISK2,854
Bottle of Coca-Cola (11 fl. oz) ?? $3.34
ISK418

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pay (unknown) more for groceries

 
Olive Branch
Reykjavik
Bread
1 loaf
?? $4.63
ISK581
Local cheese (8 oz) ?? $9.44
ISK1,183
Milk (1 gallon) ?? $7.63
ISK957

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pay (unknown) more for transportation

 
Olive Branch
Reykjavik
Gasoline (1 gallon) ?? $9.66
ISK1,211
Monthly public transit pass ?? $88.58
ISK11,106
New Volkswagen Golf 1.4 (standard edition) ?? $50,771.00
ISK6M

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pay (unknown) more for housing

 
Olive Branch
Reykjavik
Internet connection
50 mbps or faster, cable/dsl
?? $81.97
ISK10,277
1-Bedroom apartment in downtown area ?? $2,259.48
ISK283K
1-Bedroom apartment outside city center ?? $2,034.90
ISK255K

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pay (unknown) more for childcare

 
Olive Branch
Reykjavik
Private preschool for 1 child, monthly ?? $327.78
ISK41,097
Middle school for 1 child, two semesters ?? $30,711.08
ISK4M

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pay (unknown) more for entertainment and sports

 
Olive Branch
Reykjavik
Domestic/local beer (1 pint) ?? $13.12
ISK1,645
Cappuccino in mid-range area ?? $6.17
ISK774
Pack of cigarettes
Marlboro or similar
?? $13.94
ISK1,747

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pay (unknown) more for clothing

 
Olive Branch
Reykjavik
Regular jeans
Levi's brand
?? $145.10
ISK18,192
Regular dress
from H&M or similar store
?? $63.97
ISK8,020
Running shoes
Nike or Adidas
?? $193.43
ISK24,252

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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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See the cost of living in United States vs. Iceland. This provides a comparison of the average cost of living from cities within United States and Iceland.

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