Cost of living comparison
compared to
Myrtle Beach vs. Reykjavik Cost of Living Summary
Myrtle Beach is 9.8% cheaper than Reykjavik.
- Restaurants
-
pay 38.0% less in Myrtle Beach
- Groceries
-
pay 19.3% less in Myrtle Beach
- Transportation
-
pay 50.5% less in Myrtle Beach
- Housing
-
pay 3.0% more in Myrtle Beach
- Childcare
-
pay 2.4 times more in Myrtle Beach
- Entertainment and Sports
-
pay 47.6% less in Myrtle Beach
- Clothing
-
pay 56.6% less in Myrtle Beach
The cost of childcare and housing in Myrtle Beach are more expensive than in Reykjavik. Expenses including clothing, transportation, entertainment and sports, restaurants, and groceries are lower in Myrtle Beach. Notably, childcare is significantly more expensive in Myrtle Beach.
Myrtle Beach vs. Reykjavik Cost Breakdown
If you lived in Myrtle Beach instead of Reykjavik, you would:
pay 38.0% less for restaurants
|
Reykjavik
|
Myrtle Beach
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$27.48
ISK3,473
|
$15.00
|
|
|
Fast food combo meal
McDonalds, or similar
|
$22.76
ISK2,877
|
$10.00
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$3.34
ISK422
|
$2.48
|
|
| Bottle of water (11 fl. oz) |
$2.70
ISK341
|
$2.03
|
|
Reykjavik vs. Myrtle Beach - Cost of restaurants
pay 19.3% less for groceries
|
Reykjavik
|
Myrtle Beach
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$4.63
ISK586
|
$3.46
|
|
| Local cheese (8 oz) |
$9.44
ISK1,193
|
$6.75
|
|
| Milk (1 gallon) |
$7.63
ISK964
|
$3.87
|
|
|
Eggs
1 dozen
|
$6.50
ISK822
|
$4.25
|
|
| Boneless chicken breast (1 lb) |
$11.29
ISK1,427
|
$4.46
|
|
| Apples (1 lb) |
$1.59
ISK201
|
$2.13
|
|
| Bananas (1 lb) |
$1.17
ISK148
|
$0.58
|
|
| Oranges (1 lb) |
$1.49
ISK188
|
$2.20
|
|
| Tomatoes (1 lb) |
$2.54
ISK321
|
$1.94
|
|
| Potatoes (1 lb) |
$1.70
ISK214
|
$1.23
|
|
| Onions (1 lb) |
$1.13
ISK143
|
$1.20
|
|
Reykjavik vs. Myrtle Beach - Cost of groceries
pay 50.5% less for transportation
|
Reykjavik
|
Myrtle Beach
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$9.66
ISK1,221
|
$2.86
|
|
| Monthly public transit pass |
$88.58
ISK11,197
|
?? | |
| New Volkswagen Golf 1.4 (standard edition) |
$50,771.00
ISK6,417,454
|
$28,000.00
|
|
| Taxi trip in downtown area (5 miles) |
$28.07
ISK3,548
|
$17.91
|
|
Reykjavik vs. Myrtle Beach - Cost of transportation
pay 3.0% more for housing
|
Reykjavik
|
Myrtle Beach
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$81.97
ISK10,361
|
$72.45
|
|
| 1-Bedroom apartment in downtown area |
$2,259.48
ISK285,599
|
$1,550.00
|
|
| 1-Bedroom apartment outside city center |
$2,034.90
ISK257,212
|
$1,600.00
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$60.87
ISK7,694
|
$107.34
|
|
Reykjavik vs. Myrtle Beach - Cost of housing
pay 2.4 times more for childcare
|
Reykjavik
|
Myrtle Beach
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$327.78
ISK41,431
|
$1,314.40
|
|
| Middle school for 1 child, two semesters |
$30,711.08
ISK3,881,881
|
$24,700.00
|
|
Reykjavik vs. Myrtle Beach - Cost of childcare
pay 47.6% less for entertainment and sports
|
Reykjavik
|
Myrtle Beach
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$13.12
ISK1,659
|
$5.00
|
|
| Cappuccino in mid-range area |
$6.17
ISK780
|
$4.70
|
|
|
Pack of cigarettes
Marlboro or similar
|
$13.94
ISK1,761
|
$7.49
|
|
| Monthly membership at local gym |
$87.35
ISK11,041
|
$31.33
|
|
| Movie ticket to theater/cinema |
$17.18
ISK2,172
|
$10.00
|
|
Reykjavik vs. Myrtle Beach - Cost of entertainment and sports
pay 56.6% less for clothing
|
Reykjavik
|
Myrtle Beach
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$145.10
ISK18,340
|
$46.89
|
|
|
Regular dress
from H&M or similar store
|
$63.97
ISK8,086
|
$36.00
|
|
|
Running shoes
Nike or Adidas
|
$193.43
ISK24,449
|
$82.00
|
|
| Men's business shoes (leather) |
$248.79
ISK31,447
|
$105.75
|
|
Reykjavik vs. Myrtle Beach - 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. United States.
This provides a comparison of the average cost of living from cities within Iceland and United States.
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 Myrtle Beach or Reykjavik. It's a free, question-and-answer based forum to discuss what life is like in countries and cities around the world.