Cost of living comparison

Iceland

compared to

United States

Oklahoma City vs. Reykjavik Cost of Living Summary

Oklahoma City is 34.5% cheaper than Reykjavik.

Restaurants: pay 36.5% less in Oklahoma City
Groceries: pay 17.0% less in Oklahoma City
Transportation: pay 46.3% less in Oklahoma City
Housing: pay 36.6% less in Oklahoma City
Childcare: pay 10.3% more in Oklahoma City
Entertainment and Sports: pay 44.5% less in Oklahoma City
Clothing: pay 47.7% less in Oklahoma City

Expenses including clothing, transportation, entertainment and sports, housing, restaurants, and groceries are lower in Oklahoma City.

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Oklahoma City vs. Reykjavik Cost Breakdown

If you lived in Oklahoma City instead of Reykjavik, you would:

Display currency: USD

pay 36.5% less for restaurants

	Reykjavik	Oklahoma City
Basic meal with drink at inexpensive restaurant	$31.06 ISK3,763	$20.00	-35.6%
Fast food combo meal McDonalds, or similar	$26.97 ISK3,268	$15.00	-44.4%
Bottle of Coca-Cola (11 fl. oz)	$3.31 ISK402	$2.63	-20.6%
Bottle of water (11 fl. oz)	$3.11 ISK376	$2.34	-24.6%
Average			-36.5%

Reykjavik vs. Oklahoma City - Cost of restaurants

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pay 17.0% less for groceries

	Reykjavik	Oklahoma City
Bread 1 loaf	$4.19 ISK508	$3.57	-14.7%
Local cheese (8 oz)	$10.93 ISK1,324	$6.47	-40.9%
Milk (1 gallon)	$7.78 ISK942	$3.69	-52.5%
Eggs 1 dozen	$7.08 ISK858	$5.91	-16.6%
Boneless chicken breast (1 lb)	$11.00 ISK1,333	$4.92	-55.3%
Apples (1 lb)	$1.50 ISK182	$2.23	+48.4%
Bananas (1 lb)	$1.27 ISK154	$0.82	-35.0%
Oranges (1 lb)	$1.46 ISK177	$2.03	+39.4%
Tomatoes (1 lb)	$2.93 ISK355	$1.82	-38.0%
Potatoes (1 lb)	$1.78 ISK215	$1.72	-3.2%
Onions (1 lb)	$0.76 ISK92	$1.35	+78.0%
Average			-17.0%

Reykjavik vs. Oklahoma City - Cost of groceries

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pay 46.3% less for transportation

	Reykjavik	Oklahoma City
Gasoline (1 gallon)	$7.76 ISK941	$3.56	-54.1%
Monthly public transit pass	$94.80 ISK11,488	$50.00	-47.3%
New Volkswagen Golf 1.4 (standard edition)	$50,588.43 ISK6M	$35,419.00	-30.0%
Taxi trip in downtown area (5 miles)	$29.26 ISK3,545	$12.75	-56.4%
Average			-46.3%

Reykjavik vs. Oklahoma City - Cost of transportation

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pay 36.6% less for housing

	Reykjavik	Oklahoma City
Internet connection 50 mbps or faster, cable/dsl	$86.01 ISK10,422	$93.57	+8.8%
1-Bedroom apartment in downtown area	$2,522.88 ISK306K	$1,245.57	-50.6%
1-Bedroom apartment outside city center	$2,032.25 ISK246K	$1,006.50	-50.5%
Utilities for two (700 sq ft apartment) including electric, gas, water, heating	$73.44 ISK8,899	$146.58	+99.6%
Average			-36.6%

Reykjavik vs. Oklahoma City - Cost of housing

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pay 10.3% more for childcare

	Reykjavik	Oklahoma City
Private preschool for 1 child, monthly	$1,185.23 ISK144K	$1,571.67	+32.6%
Middle school for 1 child, two semesters	$25,853.51 ISK3M	$23,729.17	-8.2%
Average			+10.3%

Reykjavik vs. Oklahoma City - Cost of childcare

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pay 44.5% less for entertainment and sports

	Reykjavik	Oklahoma City
Domestic/local beer (1 pint)	$13.89 ISK1,684	$6.00	-56.8%
Cappuccino in mid-range area	$6.74 ISK817	$5.26	-21.9%
Pack of cigarettes Marlboro or similar	$13.89 ISK1,684	$10.75	-22.6%
Monthly membership at local gym	$100.25 ISK12,148	$32.83	-67.2%
Movie ticket to theater/cinema	$19.57 ISK2,372	$15.00	-23.4%
Average			-44.5%

Reykjavik vs. Oklahoma City - Cost of entertainment and sports

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pay 47.7% less for clothing

	Reykjavik	Oklahoma City
Regular jeans Levi's brand	$149.01 ISK18,058	$53.80	-63.9%
Regular dress from H&M or similar store	$65.79 ISK7,972	$41.20	-37.4%
Running shoes Nike or Adidas	$181.84 ISK22,035	$106.67	-41.3%
Men's business shoes (leather)	$248.81 ISK30,151	$140.00	-43.7%
Average			-47.7%

Reykjavik vs. Oklahoma City - Cost of clothing

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We average the price of thousands of data points entered by users across the world. Sources: MyLifeElsewhere's cost-of-living dataset (prices updated October 2026). How we calculate this

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