Cost of living comparison
compared to
Reykjavik vs. Princeton Cost of Living Summary
Reykjavik is 8.4% more expensive than Princeton.
Reykjavik vs. Princeton Cost Breakdown
If you lived in Reykjavik instead of Princeton, you would:
pay 58.2% more for restaurants
|
Princeton
|
Reykjavik
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$20.00
|
$31.06
ISK3,784
|
|
|
Fast food combo meal
McDonalds, or similar
|
$15.00
|
$26.97
ISK3,286
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$2.50
|
$3.31
ISK404
|
|
| Bottle of water (11 fl. oz) |
$2.38
|
$3.11
ISK378
|
|
Princeton vs. Reykjavik - Cost of restaurants
pay 5.9% more for groceries
|
Princeton
|
Reykjavik
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$3.67
|
$4.19
ISK511
|
|
| Local cheese (8 oz) |
$12.68
|
$10.93
ISK1,332
|
|
| Milk (1 gallon) |
$4.02
|
$7.78
ISK947
|
|
|
Eggs
1 dozen
|
$4.04
|
$7.08
ISK862
|
|
| Boneless chicken breast (1 lb) |
$10.00
|
$11.00
ISK1,340
|
|
| Apples (1 lb) |
$3.00
|
$1.50
ISK183
|
|
| Bananas (1 lb) |
$0.65
|
$1.27
ISK154
|
|
| Oranges (1 lb) |
$2.75
|
$1.46
ISK178
|
|
| Tomatoes (1 lb) |
$2.25
|
$2.93
ISK357
|
|
| Potatoes (1 lb) |
$1.24
|
$1.78
ISK216
|
|
| Onions (1 lb) |
$1.43
|
$0.76
ISK92
|
|
Princeton vs. Reykjavik - Cost of groceries
pay 21.7% more for transportation
|
Princeton
|
Reykjavik
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$3.58
|
$7.76
ISK946
|
|
| Monthly public transit pass |
$199.00
|
$94.80
ISK11,550
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$36,651.00
|
$50,588.43
ISK6M
|
|
| Taxi trip in downtown area (5 miles) |
$25.46
|
$29.26
ISK3,564
|
|
Princeton vs. Reykjavik - Cost of transportation
pay 12.2% less for housing
|
Princeton
|
Reykjavik
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$55.75
|
$86.01
ISK10,478
|
|
| 1-Bedroom apartment in downtown area |
$2,882.50
|
$2,522.88
ISK307K
|
|
| 1-Bedroom apartment outside city center |
$1,925.00
|
$2,032.25
ISK248K
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$163.14
|
$73.44
ISK8,947
|
|
Princeton vs. Reykjavik - Cost of housing
pay 37.4% less for childcare
|
Princeton
|
Reykjavik
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$1,956.48
|
$1,185.23
ISK144K
|
|
| Middle school for 1 child, two semesters |
$40,000.00
|
$25,853.51
ISK3M
|
|
Princeton vs. Reykjavik - Cost of childcare
pay 12.0% more for entertainment and sports
|
Princeton
|
Reykjavik
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$8.00
|
$13.89
ISK1,693
|
|
| Cappuccino in mid-range area |
$5.20
|
$6.74
ISK821
|
|
|
Pack of cigarettes
Marlboro or similar
|
$11.41
|
$13.89
ISK1,693
|
|
| Monthly membership at local gym |
$172.50
|
$100.25
ISK12,214
|
|
| Movie ticket to theater/cinema |
$15.00
|
$19.57
ISK2,385
|
|
Princeton vs. Reykjavik - Cost of entertainment and sports
pay 2.2 times more for clothing
|
Princeton
|
Reykjavik
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$38.50
|
$149.01
ISK18,154
|
|
|
Regular dress
from H&M or similar store
|
$55.00
|
$65.79
ISK8,015
|
|
|
Running shoes
Nike or Adidas
|
$81.67
|
$181.84
ISK22,154
|
|
| Men's business shoes (leather) |
$116.67
|
$248.81
ISK30,313
|
|
Princeton 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 November 2026). How we calculate this
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Compare further: Princeton vs. Reykjavik
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This provides a comparison of the average cost of living from cities within United States and Iceland.
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