Cost of living comparison

compared to

Charlottesville vs. Reykjavik Cost of Living Summary

Charlottesville is 44.6% more expensive than Reykjavik.

Restaurants
pay 28.8% less in Charlottesville
Groceries
pay 32.3% more in Charlottesville
Transportation
pay 14.8% less in Charlottesville
Housing
pay 63.1% more in Charlottesville
Childcare
pay 4.4 times more in Charlottesville
Entertainment and Sports
pay 28.3% less in Charlottesville
Clothing
pay 48.6% less in Charlottesville

The cost of childcare, housing, and groceries in Charlottesville are more expensive than in Reykjavik. Expenses including clothing, restaurants, entertainment and sports, and transportation are lower in Charlottesville. Notably, childcare is significantly more expensive in Charlottesville.

Charlottesville vs. Reykjavik Cost Breakdown

If you lived in Charlottesville instead of Reykjavik, you would:

pay 28.8% less for restaurants

 
Reykjavik
Charlottesville
Basic meal with drink at inexpensive restaurant $27.48
ISK3,517
$20.00
 
Fast food combo meal
McDonalds, or similar
$22.76
ISK2,913
$13.00
 
Bottle of Coca-Cola (11 fl. oz) $3.34
ISK427
$2.80
 

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pay 32.3% more for groceries

 
Reykjavik
Charlottesville
Bread
1 loaf
$4.63
ISK593
$3.56
 
Local cheese (8 oz) $9.44
ISK1,208
$9.55
 
Milk (1 gallon) $7.63
ISK976
$4.38
 

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pay 14.8% less for transportation

 
Reykjavik
Charlottesville
Gasoline (1 gallon) $9.66
ISK1,236
$3.16
 
Monthly public transit pass $88.58
ISK11,337
$150.00
 
New Volkswagen Golf 1.4 (standard edition) $50,771.00
ISK6,497,672
$34,000.00
 

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pay 63.1% more for housing

 
Reykjavik
Charlottesville
Internet connection
50 mbps or faster, cable/dsl
$81.97
ISK10,490
$109.60
 
1-Bedroom apartment in downtown area $2,259.48
ISK289,169
$1,800.00
 
1-Bedroom apartment outside city center $2,034.90
ISK260,427
$1,560.00
 

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pay 4.4 times more for childcare

 
Reykjavik
Charlottesville
Private preschool for 1 child, monthly $327.78
ISK41,949
$1,433.33
 
Middle school for 1 child, two semesters $30,711.08
ISK3,930,404
??

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pay 28.3% less for entertainment and sports

 
Reykjavik
Charlottesville
Domestic/local beer (1 pint) $13.12
ISK1,680
$6.00
 
Cappuccino in mid-range area $6.17
ISK790
$5.29
 
Pack of cigarettes
Marlboro or similar
$13.94
ISK1,783
$8.00
 

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pay 48.6% less for clothing

 
Reykjavik
Charlottesville
Regular jeans
Levi's brand
$145.10
ISK18,569
$47.50
 
Regular dress
from H&M or similar store
$63.97
ISK8,187
$48.33
 
Running shoes
Nike or Adidas
$193.43
ISK24,755
$95.00
 

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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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