Cost of living comparison

compared to

Hafnarfjorour vs. Reykjavik Cost of Living Summary

Hafnarfjorour is 13.5% cheaper than Reykjavik.

Restaurants: pay 27.2% less in Hafnarfjorour
Groceries: pay 10.7% less in Hafnarfjorour
Transportation: pay 2.5% less in Hafnarfjorour
Housing: pay 0.9% less in Hafnarfjorour
Entertainment and Sports: pay 13.6% less in Hafnarfjorour
Clothing: pay 25.8% less in Hafnarfjorour

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

Hafnarfjorour vs. Reykjavik Cost Breakdown

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

Display currency: USD

pay 27.2% less for restaurants

	Reykjavik	Hafnarfjorour
Basic meal with drink at inexpensive restaurant	$27.48 ISK3,470	$27.48 ISK3,470
Fast food combo meal McDonalds, or similar	$22.76 ISK2,875	$16.56 ISK2,092	-27.2%
Bottle of Coca-Cola (11 fl. oz)	$3.34 ISK421	$3.34 ISK421
Bottle of water (11 fl. oz)	$2.70 ISK341	$2.70 ISK341
Average			-27.2%

Reykjavik vs. Hafnarfjorour - Cost of restaurants

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pay 10.7% less for groceries

	Reykjavik	Hafnarfjorour
Bread 1 loaf	$4.63 ISK585	$4.63 ISK585
Local cheese (8 oz)	$9.44 ISK1,192	$9.44 ISK1,192
Milk (1 gallon)	$7.63 ISK964	$6.40 ISK808	-16.2%
Eggs 1 dozen	$6.50 ISK821	$6.50 ISK821
Boneless chicken breast (1 lb)	$11.29 ISK1,426	$11.29 ISK1,426
Apples (1 lb)	$1.59 ISK201	$1.59 ISK201
Bananas (1 lb)	$1.17 ISK148	$1.11 ISK140	-5.2%
Oranges (1 lb)	$1.49 ISK188	$1.49 ISK188
Tomatoes (1 lb)	$2.54 ISK320	$2.54 ISK320
Potatoes (1 lb)	$1.70 ISK214	$1.70 ISK214
Onions (1 lb)	$1.13 ISK143	$1.13 ISK143
Average			-10.7%

Reykjavik vs. Hafnarfjorour - Cost of groceries

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pay 2.5% less for transportation

	Reykjavik	Hafnarfjorour
Gasoline (1 gallon)	$9.66 ISK1,220	$9.53 ISK1,204	-1.3%
Monthly public transit pass	$88.58 ISK11,188	$85.30 ISK10,774	-3.7%
New Volkswagen Golf 1.4 (standard edition)	$50,771.00 ISK6M	$50,771.00 ISK6M
Taxi trip in downtown area (5 miles)	$28.07 ISK3,545	$28.07 ISK3,545
Average			-2.5%

Reykjavik vs. Hafnarfjorour - Cost of transportation

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pay 0.9% less for housing

	Reykjavik	Hafnarfjorour
Internet connection 50 mbps or faster, cable/dsl	$81.97 ISK10,353	$81.97 ISK10,353
1-Bedroom apartment in downtown area	$2,259.48 ISK285K	$2,460.63 ISK311K	+8.9%
1-Bedroom apartment outside city center	$2,034.90 ISK257K	$2,050.52 ISK259K	+0.8%
Utilities for two (700 sq ft apartment) including electric, gas, water, heating	$60.87 ISK7,688	$53.31 ISK6,734	-12.4%
Average			-0.9%

Reykjavik vs. Hafnarfjorour - Cost of housing

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pay (unknown) more for childcare

	Reykjavik	Hafnarfjorour
Private preschool for 1 child, monthly	$327.78 ISK41,399	$327.78 ISK41,399
Middle school for 1 child, two semesters	$30,711.08 ISK4M	$30,711.08 ISK4M

Reykjavik vs. Hafnarfjorour - Cost of childcare

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pay 13.6% less for entertainment and sports

	Reykjavik	Hafnarfjorour
Domestic/local beer (1 pint)	$13.12 ISK1,657	$13.12 ISK1,657
Cappuccino in mid-range area	$6.17 ISK780	$6.17 ISK780
Pack of cigarettes Marlboro or similar	$13.94 ISK1,760	$13.94 ISK1,760
Monthly membership at local gym	$87.35 ISK11,033	$65.62 ISK8,287	-24.9%
Movie ticket to theater/cinema	$17.18 ISK2,170	$16.77 ISK2,118	-2.4%
Average			-13.6%

Reykjavik vs. Hafnarfjorour - Cost of entertainment and sports

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pay 25.8% less for clothing

	Reykjavik	Hafnarfjorour
Regular jeans Levi's brand	$145.10 ISK18,326	$123.03 ISK15,539	-15.2%
Regular dress from H&M or similar store	$63.97 ISK8,079	$63.97 ISK8,079
Running shoes Nike or Adidas	$193.43 ISK24,430	$123.03 ISK15,539	-36.4%
Men's business shoes (leather)	$248.79 ISK31,422	$248.79 ISK31,422
Average			-25.8%

Reykjavik vs. Hafnarfjorour - 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: March 2026

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