Cost of living comparison

compared to

Great Falls vs. Reykjavik Cost of Living Summary

Great Falls is 20.3% cheaper than Reykjavik.

Restaurants: pay 38.2% less in Great Falls
Groceries: pay 26.3% less in Great Falls
Transportation: pay 56.8% less in Great Falls
Housing: pay 1.1% less in Great Falls
Childcare: pay 74.1% more in Great Falls
Entertainment and Sports: pay 36.8% less in Great Falls
Clothing: pay 56.7% less in Great Falls

Expenses including transportation, clothing, restaurants, entertainment and sports, groceries, and housing are lower in Great Falls.

Great Falls vs. Reykjavik Cost Breakdown

If you lived in Great Falls instead of Reykjavik, you would:

Display currency: USD

pay 38.2% less for restaurants

	Reykjavik	Great Falls
Basic meal with drink at inexpensive restaurant	$27.48 ISK3,517	$11.50	-58.1%
Fast food combo meal McDonalds, or similar	$22.76 ISK2,913	$15.00	-34.1%
Bottle of Coca-Cola (11 fl. oz)	$3.34 ISK427	$2.17	-35.0%
Bottle of water (11 fl. oz)	$2.70 ISK345	$2.00	-25.8%
Average			-38.2%

Reykjavik vs. Great Falls - Cost of restaurants

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pay 26.3% less for groceries

	Reykjavik	Great Falls
Bread 1 loaf	$4.63 ISK593	$3.37	-27.4%
Local cheese (8 oz)	$9.44 ISK1,208	$6.99	-25.9%
Milk (1 gallon)	$7.63 ISK976	$4.13	-45.9%
Eggs 1 dozen	$6.50 ISK832	$3.19	-50.9%
Boneless chicken breast (1 lb)	$11.29 ISK1,445	$6.29	-44.3%
Apples (1 lb)	$1.59 ISK204	$2.02	+27.2%
Bananas (1 lb)	$1.17 ISK150	$0.68	-41.8%
Oranges (1 lb)	$1.49 ISK190	$2.20	+47.5%
Tomatoes (1 lb)	$2.54 ISK325	$1.50	-41.1%
Potatoes (1 lb)	$1.70 ISK217	$0.83	-51.3%
Onions (1 lb)	$1.13 ISK145	$0.73	-35.4%
Average			-26.3%

Reykjavik vs. Great Falls - Cost of groceries

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pay 56.8% less for transportation

	Reykjavik	Great Falls
Gasoline (1 gallon)	$9.66 ISK1,236	$3.06	-68.3%
Monthly public transit pass	$88.58 ISK11,337	$30.00	-66.1%
New Volkswagen Golf 1.4 (standard edition)	$50,771.00 ISK6,497,672	$30,000.00	-40.9%
Taxi trip in downtown area (5 miles)	$28.07 ISK3,592	$13.44	-52.1%
Average			-56.8%

Reykjavik vs. Great Falls - Cost of transportation

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pay 1.1% less for housing

	Reykjavik	Great Falls
Internet connection 50 mbps or faster, cable/dsl	$81.97 ISK10,490	$75.66	-7.7%
1-Bedroom apartment in downtown area	$2,259.48 ISK289,169	$1,466.67	-35.1%
1-Bedroom apartment outside city center	$2,034.90 ISK260,427	$1,066.33	-47.6%
Utilities for two (700 sq ft apartment) including electric, gas, water, heating	$60.87 ISK7,791	$113.28	+86.1%
Average			-1.1%

Reykjavik vs. Great Falls - Cost of housing

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pay 74.1% more for childcare

	Reykjavik	Great Falls
Private preschool for 1 child, monthly	$327.78 ISK41,949	$800.00	+144.1%
Middle school for 1 child, two semesters	$30,711.08 ISK3,930,404	$32,000.00	+4.2%
Average			+74.1%

Reykjavik vs. Great Falls - Cost of childcare

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pay 36.8% less for entertainment and sports

	Reykjavik	Great Falls
Domestic/local beer (1 pint)	$13.12 ISK1,680	$6.50	-50.5%
Cappuccino in mid-range area	$6.17 ISK790	$4.17	-32.5%
Pack of cigarettes Marlboro or similar	$13.94 ISK1,783	$7.99	-42.7%
Monthly membership at local gym	$87.35 ISK11,179	$62.66	-28.3%
Movie ticket to theater/cinema	$17.18 ISK2,199	$11.99	-30.2%
Average			-36.8%

Reykjavik vs. Great Falls - Cost of entertainment and sports

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pay 56.7% less for clothing

	Reykjavik	Great Falls
Regular jeans Levi's brand	$145.10 ISK18,569	$66.67	-54.1%
Regular dress from H&M or similar store	$63.97 ISK8,187	$32.50	-49.2%
Running shoes Nike or Adidas	$193.43 ISK24,755	$70.00	-63.8%
Men's business shoes (leather)	$248.79 ISK31,840	$100.00	-59.8%
Average			-56.7%

Reykjavik vs. Great Falls - 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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