Cost of living comparison

compared to

Greenwich vs. Reykjavik Cost of Living Summary

Greenwich is 6.6% more expensive than Reykjavik.

Restaurants
pay 21.0% less in Greenwich
Groceries
pay 45.3% less in Greenwich
Transportation
pay 94.4% more in Greenwich
Housing
pay 69.4% more in Greenwich
Entertainment and Sports
pay 39.1% less in Greenwich
Clothing
pay 19.1% less in Greenwich

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

Greenwich vs. Reykjavik Cost Breakdown

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

pay 21.0% less for restaurants

 
Reykjavik
Greenwich
Basic meal with drink at inexpensive restaurant $27.48
ISK3,420
$22.70
£17.11
Fast food combo meal
McDonalds, or similar
$22.76
ISK2,833
??
Bottle of Coca-Cola (11 fl. oz) $3.34
ISK415
$2.67
£2.01

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pay 45.3% less for groceries

 
Reykjavik
Greenwich
Bread
1 loaf
$4.63
ISK577
$1.74
£1.31
Local cheese (8 oz) $9.44
ISK1,175
$4.67
£3.52
Milk (1 gallon) $7.63
ISK950
$7.73
£5.82

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pay 94.4% more for transportation

 
Reykjavik
Greenwich
Gasoline (1 gallon) $9.66
ISK1,202
$8.43
£6.36
Monthly public transit pass $88.58
ISK11,027
$267.09
£201.32
New Volkswagen Golf 1.4 (standard edition) $50,771.00
ISK6M
??

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pay 69.4% more for housing

 
Reykjavik
Greenwich
Internet connection
50 mbps or faster, cable/dsl
$81.97
ISK10,203
$46.74
£35.23
1-Bedroom apartment in downtown area $2,259.48
ISK281K
$1,602.52
£1,207.92
1-Bedroom apartment outside city center $2,034.90
ISK253K
??

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pay (unknown) more for childcare

 
Reykjavik
Greenwich
Private preschool for 1 child, monthly $327.78
ISK40,802
??
Middle school for 1 child, two semesters $30,711.08
ISK4M
??

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pay 39.1% less for entertainment and sports

 
Reykjavik
Greenwich
Domestic/local beer (1 pint) $13.12
ISK1,634
$7.01
£5.28
Cappuccino in mid-range area $6.17
ISK768
$4.01
£3.02
Pack of cigarettes
Marlboro or similar
$13.94
ISK1,735
??

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pay 19.1% less for clothing

 
Reykjavik
Greenwich
Regular jeans
Levi's brand
$145.10
ISK18,062
$120.19
£90.59
Regular dress
from H&M or similar store
$63.97
ISK7,963
$66.77
£50.33
Running shoes
Nike or Adidas
$193.43
ISK24,078
$160.25
£120.79

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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: April 2026
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