Cost of living comparison
compared to
Reykjavik vs. Phoenix Cost of Living Summary
Reykjavik is 29.7% more expensive than Phoenix.
Reykjavik vs. Phoenix Cost Breakdown
If you lived in Reykjavik instead of Phoenix, you would:
pay 55.8% more for restaurants
|
Phoenix
|
Reykjavik
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$20.00
|
$31.06
ISK3,782
|
|
|
Fast food combo meal
McDonalds, or similar
|
$14.50
|
$26.97
ISK3,284
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$3.22
|
$3.31
ISK404
|
|
| Bottle of water (11 fl. oz) |
$2.41
|
$3.11
ISK378
|
|
Phoenix vs. Reykjavik - Cost of restaurants
pay 15.4% more for groceries
|
Phoenix
|
Reykjavik
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$4.16
|
$4.19
ISK511
|
|
| Local cheese (8 oz) |
$7.05
|
$10.93
ISK1,331
|
|
| Milk (1 gallon) |
$3.10
|
$7.78
ISK947
|
|
|
Eggs
1 dozen
|
$4.41
|
$7.08
ISK862
|
|
| Boneless chicken breast (1 lb) |
$6.13
|
$11.00
ISK1,340
|
|
| Apples (1 lb) |
$2.44
|
$1.50
ISK183
|
|
| Bananas (1 lb) |
$0.87
|
$1.27
ISK154
|
|
| Oranges (1 lb) |
$1.92
|
$1.46
ISK178
|
|
| Tomatoes (1 lb) |
$2.78
|
$2.93
ISK357
|
|
| Potatoes (1 lb) |
$1.69
|
$1.78
ISK216
|
|
| Onions (1 lb) |
$1.34
|
$0.76
ISK92
|
|
Phoenix vs. Reykjavik - Cost of groceries
pay 57.6% more for transportation
|
Phoenix
|
Reykjavik
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$4.62
|
$7.76
ISK946
|
|
| Monthly public transit pass |
$64.00
|
$94.80
ISK11,545
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$36,293.00
|
$50,588.43
ISK6M
|
|
| Taxi trip in downtown area (5 miles) |
$13.79
|
$29.26
ISK3,563
|
|
Phoenix vs. Reykjavik - Cost of transportation
pay 16.3% more for housing
|
Phoenix
|
Reykjavik
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$77.73
|
$86.01
ISK10,474
|
|
| 1-Bedroom apartment in downtown area |
$1,777.50
|
$2,522.88
ISK307K
|
|
| 1-Bedroom apartment outside city center |
$1,426.15
|
$2,032.25
ISK247K
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$181.82
|
$73.44
ISK8,943
|
|
Phoenix vs. Reykjavik - Cost of housing
pay 14.9% less for childcare
|
Phoenix
|
Reykjavik
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$1,819.33
|
$1,185.23
ISK144K
|
|
| Middle school for 1 child, two semesters |
$23,262.50
|
$25,853.51
ISK3M
|
|
Phoenix vs. Reykjavik - Cost of childcare
pay 49.4% more for entertainment and sports
|
Phoenix
|
Reykjavik
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$6.00
|
$13.89
ISK1,692
|
|
| Cappuccino in mid-range area |
$6.14
|
$6.74
ISK821
|
|
|
Pack of cigarettes
Marlboro or similar
|
$10.69
|
$13.89
ISK1,692
|
|
| Monthly membership at local gym |
$67.08
|
$100.25
ISK12,209
|
|
| Movie ticket to theater/cinema |
$13.75
|
$19.57
ISK2,384
|
|
Phoenix vs. Reykjavik - Cost of entertainment and sports
pay 82.6% more for clothing
|
Phoenix
|
Reykjavik
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$61.77
|
$149.01
ISK18,147
|
|
|
Regular dress
from H&M or similar store
|
$43.31
|
$65.79
ISK8,012
|
|
|
Running shoes
Nike or Adidas
|
$110.18
|
$181.84
ISK22,145
|
|
| Men's business shoes (leather) |
$135.40
|
$248.81
ISK30,300
|
|
Phoenix vs. Reykjavik - Cost of clothing
We average the price of thousands of data points entered by users across the world. Sources: MyLifeElsewhere's cost-of-living dataset (prices updated October 2026). How we calculate this
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Compare further: Phoenix vs. Reykjavik
Compare countries by overall cost of living
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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