Cost of living comparison

compared to

Lawrence vs. Reykjavik Cost of Living Summary

Lawrence is 13.6% cheaper than Reykjavik.

Restaurants: pay 36.9% less in Lawrence
Groceries: pay 18.2% less in Lawrence
Transportation: pay 55.5% less in Lawrence
Housing: pay 32.2% more in Lawrence
Childcare: pay 80.1% more in Lawrence
Entertainment and Sports: pay 39.5% less in Lawrence
Clothing: pay 57.1% less in Lawrence

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

Lawrence vs. Reykjavik Cost Breakdown

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

Display currency: USD

pay 36.9% less for restaurants

	Reykjavik	Lawrence
Basic meal with drink at inexpensive restaurant	$27.48 ISK3,473	$15.00	-45.4%
Fast food combo meal McDonalds, or similar	$22.76 ISK2,877	$10.00	-56.1%
Bottle of Coca-Cola (11 fl. oz)	$3.34 ISK422	$3.00	-10.1%
Bottle of water (11 fl. oz)	$2.70 ISK341	$1.73	-35.8%
Average			-36.9%

Reykjavik vs. Lawrence - Cost of restaurants

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pay 18.2% less for groceries

	Reykjavik	Lawrence
Bread 1 loaf	$4.63 ISK586	$2.87	-38.1%
Local cheese (8 oz)	$9.44 ISK1,193	$5.64	-40.3%
Milk (1 gallon)	$7.63 ISK964	$3.15	-58.8%
Eggs 1 dozen	$6.50 ISK822	$3.28	-49.5%
Boneless chicken breast (1 lb)	$11.29 ISK1,427	$5.36	-52.6%
Apples (1 lb)	$1.59 ISK201	$2.87	+80.1%
Bananas (1 lb)	$1.17 ISK148	$1.03	-12.2%
Oranges (1 lb)	$1.49 ISK188	$2.22	+49.1%
Tomatoes (1 lb)	$2.54 ISK321	$1.69	-33.2%
Potatoes (1 lb)	$1.70 ISK214	$0.82	-51.6%
Onions (1 lb)	$1.13 ISK143	$1.21	+7.3%
Average			-18.2%

Reykjavik vs. Lawrence - Cost of groceries

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pay 55.5% less for transportation

	Reykjavik	Lawrence
Gasoline (1 gallon)	$9.66 ISK1,221	$2.90	-70.0%
Monthly public transit pass	$88.58 ISK11,197	$25.00	-71.8%
New Volkswagen Golf 1.4 (standard edition)	$50,771.00 ISK6,417,454	$35,808.86	-29.5%
Taxi trip in downtown area (5 miles)	$28.07 ISK3,548	$13.89	-50.5%
Average			-55.5%

Reykjavik vs. Lawrence - Cost of transportation

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pay 32.2% more for housing

	Reykjavik	Lawrence
Internet connection 50 mbps or faster, cable/dsl	$81.97 ISK10,361	$64.75	-21.0%
1-Bedroom apartment in downtown area	$2,259.48 ISK285,599	$1,080.00	-52.2%
1-Bedroom apartment outside city center	$2,034.90 ISK257,212	$1,025.00	-49.6%
Utilities for two (700 sq ft apartment) including electric, gas, water, heating	$60.87 ISK7,694	$214.12	+251.7%
Average			+32.2%

Reykjavik vs. Lawrence - Cost of housing

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pay 80.1% more for childcare

	Reykjavik	Lawrence
Private preschool for 1 child, monthly	$327.78 ISK41,431	$917.50	+179.9%
Middle school for 1 child, two semesters	$30,711.08 ISK3,881,881	$24,673.50	-19.7%
Average			+80.1%

Reykjavik vs. Lawrence - Cost of childcare

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pay 39.5% less for entertainment and sports

	Reykjavik	Lawrence
Domestic/local beer (1 pint)	$13.12 ISK1,659	$5.50	-58.1%
Cappuccino in mid-range area	$6.17 ISK780	$5.12	-17.0%
Pack of cigarettes Marlboro or similar	$13.94 ISK1,761	$7.85	-43.7%
Monthly membership at local gym	$87.35 ISK11,041	$45.00	-48.5%
Movie ticket to theater/cinema	$17.18 ISK2,172	$12.00	-30.2%
Average			-39.5%

Reykjavik vs. Lawrence - Cost of entertainment and sports

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pay 57.1% less for clothing

	Reykjavik	Lawrence
Regular jeans Levi's brand	$145.10 ISK18,340	$53.38	-63.2%
Regular dress from H&M or similar store	$63.97 ISK8,086	$35.00	-45.3%
Running shoes Nike or Adidas	$193.43 ISK24,449	$85.00	-56.1%
Men's business shoes (leather)	$248.79 ISK31,447	$90.00	-63.8%
Average			-57.1%

Reykjavik vs. Lawrence - 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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