Cost of living comparison

Iceland

compared to

United States

College Park vs. Reykjavik Cost of Living Summary

College Park is 22.5% cheaper than Reykjavik.

Restaurants: pay 51.5% less in College Park
Groceries: pay 28.2% less in College Park
Transportation: pay 41.9% less in College Park
Housing: pay 10.6% more in College Park
Childcare: pay 68.7% more in College Park
Entertainment and Sports: pay 43.5% less in College Park
Clothing: pay 51.5% less in College Park

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

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College Park vs. Reykjavik Cost Breakdown

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

Display currency: USD

pay 51.5% less for restaurants

	Reykjavik	College Park
Basic meal with drink at inexpensive restaurant	$31.06 ISK3,763	$16.00	-48.5%
Fast food combo meal McDonalds, or similar	$26.97 ISK3,268	$10.00	-62.9%
Bottle of Coca-Cola (11 fl. oz)	$3.31 ISK402	$2.70	-18.6%
Bottle of water (11 fl. oz)	$3.11 ISK376	$1.75	-43.7%
Average			-51.5%

Reykjavik vs. College Park - Cost of restaurants

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pay 28.2% less for groceries

	Reykjavik	College Park
Bread 1 loaf	$4.19 ISK508	$2.56	-38.9%
Local cheese (8 oz)	$10.93 ISK1,324	$3.14	-71.3%
Milk (1 gallon)	$7.78 ISK942	$3.35	-56.9%
Eggs 1 dozen	$7.08 ISK858	$2.03	-71.4%
Boneless chicken breast (1 lb)	$11.00 ISK1,333	$3.00	-72.7%
Apples (1 lb)	$1.50 ISK182	$2.99	+98.4%
Bananas (1 lb)	$1.27 ISK154	$0.58	-54.3%
Oranges (1 lb)	$1.46 ISK177	$3.33	+128.5%
Tomatoes (1 lb)	$2.93 ISK355	$2.50	-14.7%
Potatoes (1 lb)	$1.78 ISK215	$2.25	+26.7%
Onions (1 lb)	$0.76 ISK92	$1.50	+98.4%
Average			-28.2%

Reykjavik vs. College Park - Cost of groceries

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pay 41.9% less for transportation

	Reykjavik	College Park
Gasoline (1 gallon)	$7.76 ISK941	$3.59	-53.8%
Monthly public transit pass	$94.80 ISK11,488	??
New Volkswagen Golf 1.4 (standard edition)	$50,588.43 ISK6M	$36,227.00	-28.4%
Taxi trip in downtown area (5 miles)	$29.26 ISK3,545	$20.16	-31.1%
Average			-41.9%

Reykjavik vs. College Park - Cost of transportation

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pay 10.6% more for housing

	Reykjavik	College Park
Internet connection 50 mbps or faster, cable/dsl	$86.01 ISK10,422	$68.33	-20.5%
1-Bedroom apartment in downtown area	$2,522.88 ISK306K	$2,283.33	-9.5%
1-Bedroom apartment outside city center	$2,032.25 ISK246K	$2,100.00	+3.3%
Utilities for two (700 sq ft apartment) including electric, gas, water, heating	$73.44 ISK8,899	$185.44	+152.5%
Average			+10.6%

Reykjavik vs. College Park - Cost of housing

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pay 68.7% more for childcare

	Reykjavik	College Park
Private preschool for 1 child, monthly	$1,185.23 ISK144K	$2,000.00	+68.7%
Middle school for 1 child, two semesters	$25,853.51 ISK3M	??
Average			+68.7%

Reykjavik vs. College Park - Cost of childcare

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pay 43.5% less for entertainment and sports

	Reykjavik	College Park
Domestic/local beer (1 pint)	$13.89 ISK1,684	$6.50	-53.2%
Cappuccino in mid-range area	$6.74 ISK817	$4.50	-33.3%
Pack of cigarettes Marlboro or similar	$13.89 ISK1,684	$9.11	-34.4%
Monthly membership at local gym	$100.25 ISK12,148	$40.00	-60.1%
Movie ticket to theater/cinema	$19.57 ISK2,372	$15.00	-23.4%
Average			-43.5%

Reykjavik vs. College Park - Cost of entertainment and sports

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pay 51.5% less for clothing

	Reykjavik	College Park
Regular jeans Levi's brand	$149.01 ISK18,058	$47.50	-68.1%
Regular dress from H&M or similar store	$65.79 ISK7,972	$32.50	-50.6%
Running shoes Nike or Adidas	$181.84 ISK22,035	$118.33	-34.9%
Men's business shoes (leather)	$248.81 ISK30,151	$134.75	-45.8%
Average			-51.5%

Reykjavik vs. College Park - Cost of clothing

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We average the price of thousands of data points entered by users across the world. Sources: MyLifeElsewhere's cost-of-living dataset (prices updated October 2026). How we calculate this

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