Cost of living comparison

compared to

North Shore vs. Reykjavik Cost of Living Summary

North Shore is 21.3% cheaper than Reykjavik.

Restaurants: pay 40.8% less in North Shore
Groceries: pay 34.7% less in North Shore
Transportation: pay 41.7% less in North Shore
Housing: pay 16.4% less in North Shore
Childcare: pay 56.2% more in North Shore
Entertainment and Sports: pay 21.0% less in North Shore
Clothing: pay 50.4% less in North Shore

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

North Shore vs. Reykjavik Cost Breakdown

If you lived in North Shore instead of Reykjavik, you would:

Display currency: USD

pay 40.8% less for restaurants

	Reykjavik	North Shore
Basic meal with drink at inexpensive restaurant	$27.48 ISK3,452	$14.42 NZ$25.06	-47.5%
Fast food combo meal McDonalds, or similar	$22.76 ISK2,859	$8.65 NZ$15.03	-62.0%
Bottle of Coca-Cola (11 fl. oz)	$3.34 ISK419	$2.17 NZ$3.76	-35.1%
Bottle of water (11 fl. oz)	$2.70 ISK339	$2.20 NZ$3.81	-18.6%
Average			-40.8%

Reykjavik vs. North Shore - Cost of restaurants

Improve prices · Change currency (USD)

pay 34.7% less for groceries

	Reykjavik	North Shore
Bread 1 loaf	$4.63 ISK582	$1.45 NZ$2.52	-68.7%
Local cheese (8 oz)	$9.44 ISK1,186	$4.01 NZ$6.96	-57.5%
Milk (1 gallon)	$7.63 ISK959	$6.37 NZ$11.07	-16.5%
Eggs 1 dozen	$6.50 ISK817	$5.71 NZ$9.92	-12.2%
Boneless chicken breast (1 lb)	$11.29 ISK1,419	$4.18 NZ$7.25	-63.0%
Apples (1 lb)	$1.59 ISK200	$1.22 NZ$2.11	-23.6%
Bananas (1 lb)	$1.17 ISK147	$0.94 NZ$1.64	-19.5%
Oranges (1 lb)	$1.49 ISK187	$1.38 NZ$2.40	-7.0%
Tomatoes (1 lb)	$2.54 ISK319	$2.04 NZ$3.55	-19.4%
Potatoes (1 lb)	$1.70 ISK213	$0.81 NZ$1.40	-52.5%
Onions (1 lb)	$1.13 ISK142	$0.65 NZ$1.14	-42.2%
Average			-34.7%

Reykjavik vs. North Shore - Cost of groceries

Improve prices · Change currency (USD)

pay 41.7% less for transportation

	Reykjavik	North Shore
Gasoline (1 gallon)	$9.66 ISK1,214	$6.10 NZ$10.60	-36.8%
Monthly public transit pass	$88.58 ISK11,129	$62.02 NZ$107.75	-30.0%
New Volkswagen Golf 1.4 (standard edition)	$50,771.00 ISK6,378,360	$23,077.19 NZ$40,092.42	-54.5%
Taxi trip in downtown area (5 miles)	$28.07 ISK3,526	$15.27 NZ$26.52	-45.6%
Average			-41.7%

Reykjavik vs. North Shore - Cost of transportation

Improve prices · Change currency (USD)

pay 16.4% less for housing

	Reykjavik	North Shore
Internet connection 50 mbps or faster, cable/dsl	$81.97 ISK10,298	$48.52 NZ$84.30	-40.8%
1-Bedroom apartment in downtown area	$2,259.48 ISK283,859	$1,013.76 NZ$1,761.23	-55.1%
1-Bedroom apartment outside city center	$2,034.90 ISK255,645	$764.53 NZ$1,328.23	-62.4%
Utilities for two (700 sq ft apartment) including electric, gas, water, heating	$60.87 ISK7,648	$117.26 NZ$203.72	+92.6%
Average			-16.4%

Reykjavik vs. North Shore - Cost of housing

Improve prices · Change currency (USD)

pay 56.2% more for childcare

	Reykjavik	North Shore
Private preschool for 1 child, monthly	$327.78 ISK41,179	$878.54 NZ$1,526.30	+168.0%
Middle school for 1 child, two semesters	$30,711.08 ISK3,858,233	$13,628.73 NZ$23,677.44	-55.6%
Average			+56.2%

Reykjavik vs. North Shore - Cost of childcare

Improve prices · Change currency (USD)

pay 21.0% less for entertainment and sports

	Reykjavik	North Shore
Domestic/local beer (1 pint)	$13.12 ISK1,649	$6.92 NZ$12.03	-47.2%
Cappuccino in mid-range area	$6.17 ISK776	$3.46 NZ$6.01	-43.9%
Pack of cigarettes Marlboro or similar	$13.94 ISK1,751	$24.23 NZ$42.10	+73.9%
Monthly membership at local gym	$87.35 ISK10,974	$27.69 NZ$48.11	-68.3%
Movie ticket to theater/cinema	$17.18 ISK2,159	$13.85 NZ$24.06	-19.4%
Average			-21.0%

Reykjavik vs. North Shore - Cost of entertainment and sports

Improve prices · Change currency (USD)

pay 50.4% less for clothing

	Reykjavik	North Shore
Regular jeans Levi's brand	$145.10 ISK18,228	$67.87 NZ$117.91	-53.2%
Regular dress from H&M or similar store	$63.97 ISK8,036	$38.94 NZ$67.66	-39.1%
Running shoes Nike or Adidas	$193.43 ISK24,301	$90.39 NZ$157.03	-53.3%
Men's business shoes (leather)	$248.79 ISK31,256	$109.62 NZ$190.44	-55.9%
Average			-50.4%

Reykjavik vs. North Shore - Cost of clothing

Improve prices · Change currency (USD)

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

More cost comparisons

Reykjavik vs.

Rome

Reykjavik vs.

Beijing

Reykjavik vs.

Hong Kong

Reykjavik vs.

Ankara

Reykjavik vs.

Moscow

Reykjavik vs.

Quito

Reykjavik vs.

Mexico City

Reykjavik vs.

Ottawa

Share this

Compare countries by overall cost of living

See the cost of living in Iceland vs. New Zealand. This provides a comparison of the average cost of living from cities within Iceland and New Zealand.

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

Add prices for Reykjavik

Add prices for North Shore

ASK THE ELSEWHERE COMMUNITY

Join the Elsewhere community and ask a question about North Shore or Reykjavik. It's a free, question-and-answer based forum to discuss what life is like in countries and cities around the world.