Cost of living comparison
compared to
New Paltz vs. Reykjavik Cost of Living Summary
New Paltz is 10.6% more expensive than Reykjavik.
- Restaurants
-
pay 38.3% less in New Paltz
- Groceries
-
pay 4.7% less in New Paltz
- Transportation
-
pay 40.4% less in New Paltz
- Housing
-
pay 30.8% more in New Paltz
- Childcare
-
pay 2.9 times more in New Paltz
- Entertainment and Sports
-
pay 27.3% less in New Paltz
- Clothing
-
pay 39.0% less in New Paltz
The cost of childcare and housing in New Paltz are more expensive than in Reykjavik. Expenses including transportation, clothing, restaurants, entertainment and sports, and groceries are lower in New Paltz. Notably, childcare is significantly more expensive in New Paltz.
New Paltz vs. Reykjavik Cost Breakdown
If you lived in New Paltz instead of Reykjavik, you would:
pay 38.3% less for restaurants
|
Reykjavik
|
New Paltz
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$27.48
ISK3,452
|
$18.00
|
|
|
Fast food combo meal
McDonalds, or similar
|
$22.76
ISK2,859
|
$12.00
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$3.34
ISK419
|
$2.33
|
|
| Bottle of water (11 fl. oz) |
$2.70
ISK339
|
$1.58
|
|
Reykjavik vs. New Paltz - Cost of restaurants
pay 4.7% less for groceries
|
Reykjavik
|
New Paltz
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$4.63
ISK582
|
$4.25
|
|
| Local cheese (8 oz) |
$9.44
ISK1,186
|
$6.98
|
|
| Milk (1 gallon) |
$7.63
ISK959
|
$4.90
|
|
|
Eggs
1 dozen
|
$6.50
ISK817
|
$7.06
|
|
| Boneless chicken breast (1 lb) |
$11.29
ISK1,419
|
$4.66
|
|
| Apples (1 lb) |
$1.59
ISK200
|
$2.75
|
|
| Bananas (1 lb) |
$1.17
ISK147
|
$1.29
|
|
| Oranges (1 lb) |
$1.49
ISK187
|
$1.94
|
|
| Tomatoes (1 lb) |
$2.54
ISK319
|
$1.76
|
|
| Potatoes (1 lb) |
$1.70
ISK213
|
$1.39
|
|
| Onions (1 lb) |
$1.13
ISK142
|
$1.18
|
|
Reykjavik vs. New Paltz - Cost of groceries
pay 40.4% less for transportation
|
Reykjavik
|
New Paltz
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$9.66
ISK1,214
|
$3.33
|
|
| Monthly public transit pass |
$88.58
ISK11,129
|
?? | |
| New Volkswagen Golf 1.4 (standard edition) |
$50,771.00
ISK6,378,360
|
$36,344.69
|
|
| Taxi trip in downtown area (5 miles) |
$28.07
ISK3,526
|
$20.40
|
|
Reykjavik vs. New Paltz - Cost of transportation
pay 30.8% more for housing
|
Reykjavik
|
New Paltz
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$81.97
ISK10,298
|
$50.00
|
|
| 1-Bedroom apartment in downtown area |
$2,259.48
ISK283,859
|
$1,400.00
|
|
| 1-Bedroom apartment outside city center |
$2,034.90
ISK255,645
|
?? | |
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$60.87
ISK7,648
|
$164.03
|
|
Reykjavik vs. New Paltz - Cost of housing
pay 2.9 times more for childcare
|
Reykjavik
|
New Paltz
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$327.78
ISK41,179
|
$1,750.00
|
|
| Middle school for 1 child, two semesters |
$30,711.08
ISK3,858,233
|
$16,000.00
|
|
Reykjavik vs. New Paltz - Cost of childcare
pay 27.3% less for entertainment and sports
|
Reykjavik
|
New Paltz
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$13.12
ISK1,649
|
$6.00
|
|
| Cappuccino in mid-range area |
$6.17
ISK776
|
$5.91
|
|
|
Pack of cigarettes
Marlboro or similar
|
$13.94
ISK1,751
|
$15.99
|
|
| Monthly membership at local gym |
$87.35
ISK10,974
|
$48.00
|
|
| Movie ticket to theater/cinema |
$17.18
ISK2,159
|
$9.00
|
|
Reykjavik vs. New Paltz - Cost of entertainment and sports
pay 39.0% less for clothing
|
Reykjavik
|
New Paltz
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$145.10
ISK18,228
|
$50.00
|
|
|
Regular dress
from H&M or similar store
|
$63.97
ISK8,036
|
$80.00
|
|
|
Running shoes
Nike or Adidas
|
$193.43
ISK24,301
|
$86.67
|
|
| Men's business shoes (leather) |
$248.79
ISK31,256
|
$98.00
|
|
Reykjavik vs. New Paltz - 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 New Paltz or Reykjavik. It's a free, question-and-answer based forum to discuss what life is like in countries and cities around the world.