Cost of living comparison
compared to
Chapel Hill vs. Reykjavik Cost of Living Summary
Chapel Hill is 27.2% cheaper than Reykjavik.
Chapel Hill vs. Reykjavik Cost Breakdown
If you lived in Chapel Hill instead of Reykjavik, you would:
pay 47.8% less for restaurants
|
Reykjavik
|
Chapel Hill
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$31.06
ISK3,813
|
$18.00
|
|
|
Fast food combo meal
McDonalds, or similar
|
$26.97
ISK3,312
|
$10.00
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$3.31
ISK407
|
$2.90
|
|
| Bottle of water (11 fl. oz) |
$3.11
ISK381
|
$2.00
|
|
Reykjavik vs. Chapel Hill - Cost of restaurants
pay 6.7% more for groceries
|
Reykjavik
|
Chapel Hill
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$4.19
ISK515
|
$4.68
|
|
| Local cheese (8 oz) |
$10.93
ISK1,342
|
$9.04
|
|
| Milk (1 gallon) |
$7.78
ISK955
|
$4.36
|
|
|
Eggs
1 dozen
|
$7.08
ISK869
|
$5.44
|
|
| Boneless chicken breast (1 lb) |
$11.00
ISK1,351
|
$6.23
|
|
| Apples (1 lb) |
$1.50
ISK185
|
$3.60
|
|
| Bananas (1 lb) |
$1.27
ISK156
|
$0.82
|
|
| Oranges (1 lb) |
$1.46
ISK179
|
$3.10
|
|
| Tomatoes (1 lb) |
$2.93
ISK360
|
$2.76
|
|
| Potatoes (1 lb) |
$1.78
ISK218
|
$2.18
|
|
| Onions (1 lb) |
$0.76
ISK93
|
$1.80
|
|
Reykjavik vs. Chapel Hill - Cost of groceries
pay 41.7% less for transportation
|
Reykjavik
|
Chapel Hill
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$7.76
ISK953
|
$3.68
|
|
| Monthly public transit pass |
$94.80
ISK11,641
|
?? | |
| New Volkswagen Golf 1.4 (standard edition) |
$50,588.43
ISK6M
|
$35,535.00
|
|
| Taxi trip in downtown area (5 miles) |
$29.26
ISK3,593
|
$20.34
|
|
Reykjavik vs. Chapel Hill - Cost of transportation
pay 18.6% less for housing
|
Reykjavik
|
Chapel Hill
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$86.01
ISK10,561
|
$70.83
|
|
| 1-Bedroom apartment in downtown area |
$2,522.88
ISK310K
|
$1,766.67
|
|
| 1-Bedroom apartment outside city center |
$2,032.25
ISK250K
|
$1,300.00
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$73.44
ISK9,018
|
$168.71
|
|
Reykjavik vs. Chapel Hill - Cost of housing
pay 32.4% less for childcare
|
Reykjavik
|
Chapel Hill
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$1,185.23
ISK146K
|
$1,400.00
|
|
| Middle school for 1 child, two semesters |
$25,853.51
ISK3M
|
$10,000.00
|
|
Reykjavik vs. Chapel Hill - Cost of childcare
pay 36.2% less for entertainment and sports
|
Reykjavik
|
Chapel Hill
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$13.89
ISK1,706
|
$6.00
|
|
| Cappuccino in mid-range area |
$6.74
ISK828
|
$4.75
|
|
|
Pack of cigarettes
Marlboro or similar
|
$13.89
ISK1,706
|
$7.95
|
|
| Monthly membership at local gym |
$100.25
ISK12,310
|
$78.00
|
|
| Movie ticket to theater/cinema |
$19.57
ISK2,403
|
$13.50
|
|
Reykjavik vs. Chapel Hill - Cost of entertainment and sports
pay 55.5% less for clothing
|
Reykjavik
|
Chapel Hill
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$149.01
ISK18,297
|
$39.00
|
|
|
Regular dress
from H&M or similar store
|
$65.79
ISK8,078
|
$31.25
|
|
|
Running shoes
Nike or Adidas
|
$181.84
ISK22,328
|
$103.33
|
|
| Men's business shoes (leather) |
$248.81
ISK30,551
|
$137.50
|
|
Reykjavik vs. Chapel Hill - 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: Reykjavik vs. Chapel Hill
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See the
cost of living in Iceland vs. United States.
This provides a comparison of the average cost of living from cities within Iceland and United States.
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