Cost of living comparison
compared to
Chapel Hill vs. Reykjavik Cost of Living Summary
Chapel Hill is 19.6% more expensive than Reykjavik.
- Restaurants
-
pay 40.4% less in Chapel Hill
- Groceries
-
pay 14.3% more in Chapel Hill
- Transportation
-
pay 50.0% less in Chapel Hill
- Housing
-
pay 5.6% more in Chapel Hill
- Childcare
-
pay 4.0 times more in Chapel Hill
- Entertainment and Sports
-
pay 36.7% less in Chapel Hill
- Clothing
-
pay 58.2% less in Chapel Hill
The cost of childcare, groceries, and housing in Chapel Hill are more expensive than in Reykjavik. Expenses including clothing, transportation, restaurants, and entertainment and sports are lower in Chapel Hill. Notably, childcare is significantly more expensive in Chapel Hill.
Chapel Hill vs. Reykjavik Cost Breakdown
If you lived in Chapel Hill instead of Reykjavik, you would:
pay 40.4% less for restaurants
|
Reykjavik
|
Chapel Hill
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$27.48
ISK3,517
|
$15.00
|
|
|
Fast food combo meal
McDonalds, or similar
|
$22.76
ISK2,913
|
$10.00
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$3.34
ISK427
|
$2.17
|
|
| Bottle of water (11 fl. oz) |
$2.70
ISK345
|
$2.02
|
|
Reykjavik vs. Chapel Hill - Cost of restaurants
pay 14.3% more for groceries
|
Reykjavik
|
Chapel Hill
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$4.63
ISK593
|
$4.04
|
|
| Local cheese (8 oz) |
$9.44
ISK1,208
|
$9.37
|
|
| Milk (1 gallon) |
$7.63
ISK976
|
$4.35
|
|
|
Eggs
1 dozen
|
$6.50
ISK832
|
$4.67
|
|
| Boneless chicken breast (1 lb) |
$11.29
ISK1,445
|
$6.89
|
|
| Apples (1 lb) |
$1.59
ISK204
|
$4.00
|
|
| Bananas (1 lb) |
$1.17
ISK150
|
$0.57
|
|
| Oranges (1 lb) |
$1.49
ISK190
|
$2.53
|
|
| Tomatoes (1 lb) |
$2.54
ISK325
|
$2.50
|
|
| Potatoes (1 lb) |
$1.70
ISK217
|
$2.83
|
|
| Onions (1 lb) |
$1.13
ISK145
|
$1.65
|
|
Reykjavik vs. Chapel Hill - Cost of groceries
pay 50.0% less for transportation
|
Reykjavik
|
Chapel Hill
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$9.66
ISK1,236
|
$3.01
|
|
| Monthly public transit pass |
$88.58
ISK11,337
|
?? | |
| New Volkswagen Golf 1.4 (standard edition) |
$50,771.00
ISK6,497,672
|
$35,000.00
|
|
| Taxi trip in downtown area (5 miles) |
$28.07
ISK3,592
|
?? | |
Reykjavik vs. Chapel Hill - Cost of transportation
pay 5.6% more for housing
|
Reykjavik
|
Chapel Hill
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$81.97
ISK10,490
|
$69.00
|
|
| 1-Bedroom apartment in downtown area |
$2,259.48
ISK289,169
|
$1,320.00
|
|
| 1-Bedroom apartment outside city center |
$2,034.90
ISK260,427
|
$1,475.00
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$60.87
ISK7,791
|
$126.18
|
|
Reykjavik vs. Chapel Hill - Cost of housing
pay 4.0 times more for childcare
|
Reykjavik
|
Chapel Hill
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$327.78
ISK41,949
|
$1,318.67
|
|
| Middle school for 1 child, two semesters |
$30,711.08
ISK3,930,404
|
?? | |
Reykjavik vs. Chapel Hill - Cost of childcare
pay 36.7% less for entertainment and sports
|
Reykjavik
|
Chapel Hill
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$13.12
ISK1,680
|
$6.00
|
|
| Cappuccino in mid-range area |
$6.17
ISK790
|
$4.46
|
|
|
Pack of cigarettes
Marlboro or similar
|
$13.94
ISK1,783
|
$8.99
|
|
| Monthly membership at local gym |
$87.35
ISK11,179
|
$61.33
|
|
| Movie ticket to theater/cinema |
$17.18
ISK2,199
|
$11.00
|
|
Reykjavik vs. Chapel Hill - Cost of entertainment and sports
pay 58.2% less for clothing
|
Reykjavik
|
Chapel Hill
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$145.10
ISK18,569
|
$52.67
|
|
|
Regular dress
from H&M or similar store
|
$63.97
ISK8,187
|
$30.00
|
|
|
Running shoes
Nike or Adidas
|
$193.43
ISK24,755
|
$98.33
|
|
| Men's business shoes (leather) |
$248.79
ISK31,840
|
$82.50
|
|
Reykjavik vs. Chapel Hill - 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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