Cost of living comparison
compared to
Micronesia, Federated States of vs. Reykjavik Cost of Living Summary
Micronesia, Federated States of is 21.0% cheaper than Reykjavik.
- Restaurants
-
pay 34.8% less in Micronesia, Federated States of
- Groceries
-
pay 6.3% more in Micronesia, Federated States of
- Transportation
-
pay 0.9% less in Micronesia, Federated States of
- Housing
-
pay 20.4% more in Micronesia, Federated States of
- Childcare
-
pay 48.1% less in Micronesia, Federated States of
- Entertainment and Sports
-
pay 54.6% less in Micronesia, Federated States of
- Clothing
-
pay 35.6% less in Micronesia, Federated States of
The cost of housing and groceries in Micronesia, Federated States of are more expensive than in Reykjavik. Expenses including entertainment and sports, childcare, clothing, restaurants, and transportation are lower in Micronesia, Federated States of.
Micronesia, Federated States of vs. Reykjavik Cost Breakdown
If you lived in Micronesia, Federated States of instead of Reykjavik, you would:
pay 34.8% less for restaurants
|
Reykjavik
|
Micronesia, Federated States of
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$27.48
ISK3,473
|
$11.50
|
|
|
Fast food combo meal
McDonalds, or similar
|
$22.76
ISK2,877
|
$7.50
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$3.34
ISK422
|
$1.25
|
|
| Bottle of water (11 fl. oz) |
$2.70
ISK341
|
$4.00
|
|
Reykjavik vs. Micronesia, Federated States of - Cost of restaurants
pay 6.3% more for groceries
|
Reykjavik
|
Micronesia, Federated States of
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$4.63
ISK586
|
$3.35
|
|
| Local cheese (8 oz) |
$9.44
ISK1,193
|
$3.50
|
|
| Milk (1 gallon) |
$7.63
ISK964
|
$1.00
|
|
|
Eggs
1 dozen
|
$6.50
ISK822
|
$7.25
|
|
| Boneless chicken breast (1 lb) |
$11.29
ISK1,427
|
$2.27
|
|
| Apples (1 lb) |
$1.59
ISK201
|
$2.72
|
|
| Bananas (1 lb) |
$1.17
ISK148
|
$1.59
|
|
| Oranges (1 lb) |
$1.49
ISK188
|
$2.49
|
|
| Tomatoes (1 lb) |
$2.54
ISK321
|
?? | |
| Potatoes (1 lb) |
$1.70
ISK214
|
$2.27
|
|
| Onions (1 lb) |
$1.13
ISK143
|
$2.27
|
|
Reykjavik vs. Micronesia, Federated States of - Cost of groceries
pay 0.9% less for transportation
|
Reykjavik
|
Micronesia, Federated States of
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$9.66
ISK1,221
|
$14.01
|
|
| Monthly public transit pass |
$88.58
ISK11,197
|
?? | |
| New Volkswagen Golf 1.4 (standard edition) |
$50,771.00
ISK6,417,454
|
?? | |
| Taxi trip in downtown area (5 miles) |
$28.07
ISK3,548
|
$14.94
|
|
Reykjavik vs. Micronesia, Federated States of - Cost of transportation
pay 20.4% more for housing
|
Reykjavik
|
Micronesia, Federated States of
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$81.97
ISK10,361
|
$198.00
|
|
| 1-Bedroom apartment in downtown area |
$2,259.48
ISK285,599
|
$900.00
|
|
| 1-Bedroom apartment outside city center |
$2,034.90
ISK257,212
|
$621.67
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$60.87
ISK7,694
|
$103.24
|
|
Reykjavik vs. Micronesia, Federated States of - Cost of housing
pay 48.1% less for childcare
|
Reykjavik
|
Micronesia, Federated States of
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$327.78
ISK41,431
|
$170.00
|
|
| Middle school for 1 child, two semesters |
$30,711.08
ISK3,881,881
|
?? | |
Reykjavik vs. Micronesia, Federated States of - Cost of childcare
pay 54.6% less for entertainment and sports
|
Reykjavik
|
Micronesia, Federated States of
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$13.12
ISK1,659
|
?? | |
| Cappuccino in mid-range area |
$6.17
ISK780
|
$3.00
|
|
|
Pack of cigarettes
Marlboro or similar
|
$13.94
ISK1,761
|
$9.00
|
|
| Monthly membership at local gym |
$87.35
ISK11,041
|
$20.00
|
|
| Movie ticket to theater/cinema |
$17.18
ISK2,172
|
?? | |
Reykjavik vs. Micronesia, Federated States of - Cost of entertainment and sports
pay 35.6% less for clothing
|
Reykjavik
|
Micronesia, Federated States of
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$145.10
ISK18,340
|
$80.00
|
|
|
Regular dress
from H&M or similar store
|
$63.97
ISK8,086
|
$68.00
|
|
|
Running shoes
Nike or Adidas
|
$193.43
ISK24,449
|
$110.00
|
|
| Men's business shoes (leather) |
$248.79
ISK31,447
|
$98.00
|
|
Reykjavik vs. Micronesia, Federated States of - Cost of clothing
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
Change currency:
Compare countries by overall cost of living
See the
cost of living in Iceland vs. Micronesia, Federated States of.
This provides a comparison of the average cost of living from cities within Iceland and Micronesia, Federated States of.
Help us improve these prices
MyLifeElsewhere is a collaborative project. Please enter price information for your location to help assist us in making these comparisons more accurate.
Learn more
ASK THE ELSEWHERE COMMUNITY
Join the Elsewhere community and ask a question about Micronesia, Federated States of or Reykjavik. It's a free, question-and-answer based forum to discuss what life is like in countries and cities around the world.