Cost of living comparison
compared to
Reykjavik vs. Parsippany-Troy Hills Cost of Living Summary
Reykjavik is 66.5% more expensive than Parsippany-Troy Hills.
- Restaurants
-
pay 67.7% more in Reykjavik
- Groceries
-
pay 76.5% more in Reykjavik
- Transportation
-
pay 75.7% more in Reykjavik
- Housing
-
pay 30.7% more in Reykjavik
- Childcare
-
pay 27.8% less in Reykjavik
- Entertainment and Sports
-
pay 87.8% more in Reykjavik
- Clothing
-
pay 2.5 times more in Reykjavik
The cost of clothing, entertainment and sports, groceries, transportation, restaurants, and housing in Reykjavik are more expensive than in Parsippany-Troy Hills. Notably, clothing, entertainment and sports, and groceries are significantly more expensive in Reykjavik.
Reykjavik vs. Parsippany-Troy Hills Cost Breakdown
If you lived in Reykjavik instead of Parsippany-Troy Hills, you would:
pay 67.7% more for restaurants
|
Parsippany-Troy Hills
|
Reykjavik
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$15.00
|
$27.48
ISK3,473
|
|
|
Fast food combo meal
McDonalds, or similar
|
$12.00
|
$22.76
ISK2,877
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$2.28
|
$3.34
ISK422
|
|
| Bottle of water (11 fl. oz) |
$1.78
|
$2.70
ISK341
|
|
Parsippany-Troy Hills vs. Reykjavik - Cost of restaurants
pay 76.5% more for groceries
|
Parsippany-Troy Hills
|
Reykjavik
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$4.05
|
$4.63
ISK586
|
|
| Local cheese (8 oz) |
$6.61
|
$9.44
ISK1,193
|
|
| Milk (1 gallon) |
$4.35
|
$7.63
ISK964
|
|
|
Eggs
1 dozen
|
$3.50
|
$6.50
ISK822
|
|
| Boneless chicken breast (1 lb) |
$3.00
|
$11.29
ISK1,427
|
|
| Apples (1 lb) |
$1.20
|
$1.59
ISK201
|
|
| Bananas (1 lb) |
$0.55
|
$1.17
ISK148
|
|
| Oranges (1 lb) |
$1.20
|
$1.49
ISK188
|
|
| Tomatoes (1 lb) |
$1.30
|
$2.54
ISK321
|
|
| Potatoes (1 lb) |
$1.00
|
$1.70
ISK214
|
|
| Onions (1 lb) |
$1.00
|
$1.13
ISK143
|
|
Parsippany-Troy Hills vs. Reykjavik - Cost of groceries
pay 75.7% more for transportation
|
Parsippany-Troy Hills
|
Reykjavik
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$3.06
|
$9.66
ISK1,221
|
|
| Monthly public transit pass |
$95.00
|
$88.58
ISK11,197
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$35,911.24
|
$50,771.00
ISK6,417,454
|
|
| Taxi trip in downtown area (5 miles) |
$18.40
|
$28.07
ISK3,548
|
|
Parsippany-Troy Hills vs. Reykjavik - Cost of transportation
pay 30.7% more for housing
|
Parsippany-Troy Hills
|
Reykjavik
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$40.00
|
$81.97
ISK10,361
|
|
| 1-Bedroom apartment in downtown area |
$1,833.33
|
$2,259.48
ISK285,599
|
|
| 1-Bedroom apartment outside city center |
$1,500.00
|
$2,034.90
ISK257,212
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$103.54
|
$60.87
ISK7,694
|
|
Parsippany-Troy Hills vs. Reykjavik - Cost of housing
pay 27.8% less for childcare
|
Parsippany-Troy Hills
|
Reykjavik
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$2,250.00
|
$327.78
ISK41,431
|
|
| Middle school for 1 child, two semesters |
$23,666.67
|
$30,711.08
ISK3,881,881
|
|
Parsippany-Troy Hills vs. Reykjavik - Cost of childcare
pay 87.8% more for entertainment and sports
|
Parsippany-Troy Hills
|
Reykjavik
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$7.00
|
$13.12
ISK1,659
|
|
| Cappuccino in mid-range area |
$4.67
|
$6.17
ISK780
|
|
|
Pack of cigarettes
Marlboro or similar
|
$11.00
|
$13.94
ISK1,761
|
|
| Monthly membership at local gym |
$25.00
|
$87.35
ISK11,041
|
|
| Movie ticket to theater/cinema |
$12.00
|
$17.18
ISK2,172
|
|
Parsippany-Troy Hills vs. Reykjavik - Cost of entertainment and sports
pay 2.5 times more for clothing
|
Parsippany-Troy Hills
|
Reykjavik
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$32.50
|
$145.10
ISK18,340
|
|
|
Regular dress
from H&M or similar store
|
$47.50
|
$63.97
ISK8,086
|
|
|
Running shoes
Nike or Adidas
|
$77.50
|
$193.43
ISK24,449
|
|
| Men's business shoes (leather) |
$132.50
|
$248.79
ISK31,447
|
|
Parsippany-Troy Hills vs. Reykjavik - Cost of clothing
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: December 2025
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