Cost of living comparison

compared to

Keflavik vs. Reykjavik Cost of Living Summary

Keflavik is 15.7% cheaper than Reykjavik.

Restaurants: pay 7.3% less in Keflavik
Groceries: pay 15.0% less in Keflavik
Transportation: pay 7.5% less in Keflavik
Housing: pay 25.0% less in Keflavik
Entertainment and Sports: pay 25.9% less in Keflavik
Clothing: pay 13.5% less in Keflavik

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

Keflavik vs. Reykjavik Cost Breakdown

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

Display currency: USD

pay 7.3% less for restaurants

	Reykjavik	Keflavik
Basic meal with drink at inexpensive restaurant	$27.48 ISK3,452	$24.61 ISK3,091	-10.4%
Fast food combo meal McDonalds, or similar	$22.76 ISK2,859	$20.51 ISK2,576	-9.9%
Bottle of Coca-Cola (11 fl. oz)	$3.34 ISK419	$3.28 ISK412	-1.6%
Bottle of water (11 fl. oz)	$2.70 ISK339	$2.70 ISK339
Average			-7.3%

Reykjavik vs. Keflavik - Cost of restaurants

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pay 15.0% less for groceries

	Reykjavik	Keflavik
Bread 1 loaf	$4.63 ISK582	$4.63 ISK582
Local cheese (8 oz)	$9.44 ISK1,186	$9.44 ISK1,186
Milk (1 gallon)	$7.63 ISK959	$7.63 ISK959
Eggs 1 dozen	$6.50 ISK817	$6.39 ISK803	-1.7%
Boneless chicken breast (1 lb)	$11.29 ISK1,419	$10.98 ISK1,379	-2.8%
Apples (1 lb)	$1.59 ISK200	$1.12 ISK140	-29.8%
Bananas (1 lb)	$1.17 ISK147	$1.12 ISK140	-4.6%
Oranges (1 lb)	$1.49 ISK187	$1.12 ISK140	-25.0%
Tomatoes (1 lb)	$2.54 ISK319	$1.86 ISK234	-26.7%
Potatoes (1 lb)	$1.70 ISK213	$1.45 ISK182	-14.5%
Onions (1 lb)	$1.13 ISK142	$0.96 ISK121	-15.1%
Average			-15.0%

Reykjavik vs. Keflavik - Cost of groceries

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pay 7.5% less for transportation

	Reykjavik	Keflavik
Gasoline (1 gallon)	$9.66 ISK1,214	$9.66 ISK1,214
Monthly public transit pass	$88.58 ISK11,129	$76.28 ISK9,583	-13.9%
New Volkswagen Golf 1.4 (standard edition)	$50,771.00 ISK6,378,360	$50,771.00 ISK6,378,360
Taxi trip in downtown area (5 miles)	$28.07 ISK3,526	$27.74 ISK3,485	-1.2%
Average			-7.5%

Reykjavik vs. Keflavik - Cost of transportation

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pay 25.0% less for housing

	Reykjavik	Keflavik
Internet connection 50 mbps or faster, cable/dsl	$81.97 ISK10,298	$81.97 ISK10,298
1-Bedroom apartment in downtown area	$2,259.48 ISK283,859	$1,886.48 ISK236,999	-16.5%
1-Bedroom apartment outside city center	$2,034.90 ISK255,645	$1,353.35 ISK170,021	-33.5%
Utilities for two (700 sq ft apartment) including electric, gas, water, heating	$60.87 ISK7,648	$60.87 ISK7,648
Average			-25.0%

Reykjavik vs. Keflavik - Cost of housing

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pay (unknown) more for childcare

	Reykjavik	Keflavik
Private preschool for 1 child, monthly	$327.78 ISK41,179	$327.78 ISK41,179
Middle school for 1 child, two semesters	$30,711.08 ISK3,858,233	$30,711.08 ISK3,858,233

Reykjavik vs. Keflavik - Cost of childcare

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pay 25.9% less for entertainment and sports

	Reykjavik	Keflavik
Domestic/local beer (1 pint)	$13.12 ISK1,649	$8.20 ISK1,030	-37.5%
Cappuccino in mid-range area	$6.17 ISK776	$4.10 ISK515	-33.6%
Pack of cigarettes Marlboro or similar	$13.94 ISK1,751	$13.94 ISK1,751
Monthly membership at local gym	$87.35 ISK10,974	$81.64 ISK10,257	-6.5%
Movie ticket to theater/cinema	$17.18 ISK2,159	$17.18 ISK2,159
Average			-25.9%

Reykjavik vs. Keflavik - Cost of entertainment and sports

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pay 13.5% less for clothing

	Reykjavik	Keflavik
Regular jeans Levi's brand	$145.10 ISK18,228	$145.10 ISK18,228
Regular dress from H&M or similar store	$63.97 ISK8,036	$63.97 ISK8,036
Running shoes Nike or Adidas	$193.43 ISK24,301	$185.91 ISK23,356	-3.9%
Men's business shoes (leather)	$248.79 ISK31,256	$191.38 ISK24,043	-23.1%
Average			-13.5%

Reykjavik vs. Keflavik - 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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