Cost of living comparison
compared to
Colorado Springs vs. Reykjavik Cost of Living Summary
Colorado Springs is 27.8% cheaper than Reykjavik.
- Restaurants
-
pay 39.7% less in Colorado Springs
- Groceries
-
pay 19.4% less in Colorado Springs
- Transportation
-
pay 46.4% less in Colorado Springs
- Housing
-
pay 13.5% less in Colorado Springs
- Childcare
-
pay 9.3% more in Colorado Springs
- Entertainment and Sports
-
pay 35.3% less in Colorado Springs
- Clothing
-
pay 55.6% less in Colorado Springs
Colorado Springs vs. Reykjavik Cost Breakdown
If you lived in Colorado Springs instead of Reykjavik, you would:
pay 39.7% less for restaurants
|
Reykjavik
|
Colorado Springs
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$31.06
ISK3,793
|
$20.00
|
|
|
Fast food combo meal
McDonalds, or similar
|
$26.97
ISK3,294
|
$13.00
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$3.31
ISK405
|
$2.71
|
|
| Bottle of water (11 fl. oz) |
$3.11
ISK379
|
$2.25
|
|
Reykjavik vs. Colorado Springs - Cost of restaurants
pay 19.4% less for groceries
|
Reykjavik
|
Colorado Springs
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$4.19
ISK512
|
$3.23
|
|
| Local cheese (8 oz) |
$10.93
ISK1,335
|
$7.44
|
|
| Milk (1 gallon) |
$7.78
ISK950
|
$3.58
|
|
|
Eggs
1 dozen
|
$7.08
ISK865
|
$6.08
|
|
| Boneless chicken breast (1 lb) |
$11.00
ISK1,344
|
$6.12
|
|
| Apples (1 lb) |
$1.50
ISK184
|
$2.50
|
|
| Bananas (1 lb) |
$1.27
ISK155
|
$0.63
|
|
| Oranges (1 lb) |
$1.46
ISK178
|
$2.02
|
|
| Tomatoes (1 lb) |
$2.93
ISK358
|
$2.14
|
|
| Potatoes (1 lb) |
$1.78
ISK217
|
$1.12
|
|
| Onions (1 lb) |
$0.76
ISK92
|
$1.16
|
|
Reykjavik vs. Colorado Springs - Cost of groceries
pay 46.4% less for transportation
|
Reykjavik
|
Colorado Springs
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$7.76
ISK948
|
$3.89
|
|
| Monthly public transit pass |
$94.80
ISK11,580
|
$63.00
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$50,588.43
ISK6M
|
$24,990.00
|
|
| Taxi trip in downtown area (5 miles) |
$29.26
ISK3,574
|
$14.88
|
|
Reykjavik vs. Colorado Springs - Cost of transportation
pay 13.5% less for housing
|
Reykjavik
|
Colorado Springs
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$86.01
ISK10,506
|
$101.17
|
|
| 1-Bedroom apartment in downtown area |
$2,522.88
ISK308K
|
$1,731.43
|
|
| 1-Bedroom apartment outside city center |
$2,032.25
ISK248K
|
$1,533.33
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$73.44
ISK8,971
|
$153.05
|
|
Reykjavik vs. Colorado Springs - Cost of housing
pay 9.3% more for childcare
|
Reykjavik
|
Colorado Springs
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$1,185.23
ISK145K
|
$1,493.33
|
|
| Middle school for 1 child, two semesters |
$25,853.51
ISK3M
|
$24,500.00
|
|
Reykjavik vs. Colorado Springs - Cost of childcare
pay 35.3% less for entertainment and sports
|
Reykjavik
|
Colorado Springs
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$13.89
ISK1,697
|
$6.00
|
|
| Cappuccino in mid-range area |
$6.74
ISK824
|
$5.58
|
|
|
Pack of cigarettes
Marlboro or similar
|
$13.89
ISK1,697
|
$10.67
|
|
| Monthly membership at local gym |
$100.25
ISK12,246
|
$58.00
|
|
| Movie ticket to theater/cinema |
$19.57
ISK2,391
|
$15.00
|
|
Reykjavik vs. Colorado Springs - Cost of entertainment and sports
pay 55.6% less for clothing
|
Reykjavik
|
Colorado Springs
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$149.01
ISK18,202
|
$58.36
|
|
|
Regular dress
from H&M or similar store
|
$65.79
ISK8,036
|
$35.00
|
|
|
Running shoes
Nike or Adidas
|
$181.84
ISK22,212
|
$82.00
|
|
| Men's business shoes (leather) |
$248.81
ISK30,392
|
$102.50
|
|
Reykjavik vs. Colorado Springs - 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 October 2026). How we calculate this
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Compare further: Reykjavik vs. Colorado Springs
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