Cost of living comparison

compared to

College Park vs. Reykjavik Cost of Living Summary

College Park is 15.3% more expensive than Reykjavik.

Restaurants: pay 27.6% less in College Park
Groceries: pay 20.3% more in College Park
Transportation: pay 49.3% less in College Park
Housing: pay 26.5% more in College Park
Childcare: pay 3.2 times more in College Park
Entertainment and Sports: pay 33.5% less in College Park
Clothing: pay 48.0% less in College Park

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

College Park vs. Reykjavik Cost Breakdown

If you lived in College Park instead of Reykjavik, you would:

Display currency: USD

pay 27.6% less for restaurants

	Reykjavik	College Park
Basic meal with drink at inexpensive restaurant	$27.48 ISK3,473	$18.00	-34.5%
Fast food combo meal McDonalds, or similar	$22.76 ISK2,877	$13.00	-42.9%
Bottle of Coca-Cola (11 fl. oz)	$3.34 ISK422	$2.60	-22.0%
Bottle of water (11 fl. oz)	$2.70 ISK341	$2.40	-11.0%
Average			-27.6%

Reykjavik vs. College Park - Cost of restaurants

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pay 20.3% more for groceries

	Reykjavik	College Park
Bread 1 loaf	$4.63 ISK586	$3.56	-23.2%
Local cheese (8 oz)	$9.44 ISK1,193	$9.55	+1.2%
Milk (1 gallon)	$7.63 ISK964	$3.58	-53.1%
Eggs 1 dozen	$6.50 ISK822	$5.46	-16.0%
Boneless chicken breast (1 lb)	$11.29 ISK1,427	$6.49	-42.5%
Apples (1 lb)	$1.59 ISK201	$2.82	+77.3%
Bananas (1 lb)	$1.17 ISK148	$0.93	-20.6%
Oranges (1 lb)	$1.49 ISK188	$3.67	+146.3%
Tomatoes (1 lb)	$2.54 ISK321	$3.67	+44.6%
Potatoes (1 lb)	$1.70 ISK214	$2.50	+47.3%
Onions (1 lb)	$1.13 ISK143	$1.83	+62.2%
Average			+20.3%

Reykjavik vs. College Park - Cost of groceries

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pay 49.3% less for transportation

	Reykjavik	College Park
Gasoline (1 gallon)	$9.66 ISK1,221	$3.16	-67.3%
Monthly public transit pass	$88.58 ISK11,197	??
New Volkswagen Golf 1.4 (standard edition)	$50,771.00 ISK6,417,454	$34,231.99	-32.6%
Taxi trip in downtown area (5 miles)	$28.07 ISK3,548	$14.58	-48.0%
Average			-49.3%

Reykjavik vs. College Park - Cost of transportation

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pay 26.5% more for housing

	Reykjavik	College Park
Internet connection 50 mbps or faster, cable/dsl	$81.97 ISK10,361	$67.00	-18.3%
1-Bedroom apartment in downtown area	$2,259.48 ISK285,599	$1,636.33	-27.6%
1-Bedroom apartment outside city center	$2,034.90 ISK257,212	$1,600.00	-21.4%
Utilities for two (700 sq ft apartment) including electric, gas, water, heating	$60.87 ISK7,694	$166.32	+173.2%
Average			+26.5%

Reykjavik vs. College Park - Cost of housing

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pay 3.2 times more for childcare

	Reykjavik	College Park
Private preschool for 1 child, monthly	$327.78 ISK41,431	$1,833.33	+459.3%
Middle school for 1 child, two semesters	$30,711.08 ISK3,881,881	$24,000.00	-21.9%
Average			+218.7%

Reykjavik vs. College Park - Cost of childcare

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pay 33.5% less for entertainment and sports

	Reykjavik	College Park
Domestic/local beer (1 pint)	$13.12 ISK1,659	$5.50	-58.1%
Cappuccino in mid-range area	$6.17 ISK780	$5.29	-14.3%
Pack of cigarettes Marlboro or similar	$13.94 ISK1,761	$10.00	-28.2%
Monthly membership at local gym	$87.35 ISK11,041	$40.00	-54.2%
Movie ticket to theater/cinema	$17.18 ISK2,172	$15.00	-12.7%
Average			-33.5%

Reykjavik vs. College Park - Cost of entertainment and sports

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pay 48.0% less for clothing

	Reykjavik	College Park
Regular jeans Levi's brand	$145.10 ISK18,340	$53.75	-63.0%
Regular dress from H&M or similar store	$63.97 ISK8,086	$48.33	-24.4%
Running shoes Nike or Adidas	$193.43 ISK24,449	$83.75	-56.7%
Men's business shoes (leather)	$248.79 ISK31,447	$130.00	-47.7%
Average			-48.0%

Reykjavik vs. College Park - Cost of clothing

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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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