Cost of living comparison
compared to
Palmer vs. Reykjavik Cost of Living Summary
Palmer is 1.4% more expensive than Reykjavik.
- Restaurants
-
pay 24.9% less in Palmer
- Groceries
-
pay 8.8% more in Palmer
- Transportation
-
pay 54.5% less in Palmer
- Housing
-
pay 60.6% more in Palmer
- Childcare
-
pay 93.8% more in Palmer
- Entertainment and Sports
-
pay 23.2% less in Palmer
- Clothing
-
pay 50.9% less in Palmer
The cost of childcare, housing, and groceries in Palmer are more expensive than in Reykjavik. Expenses including transportation, clothing, restaurants, and entertainment and sports are lower in Palmer. Notably, childcare is significantly more expensive in Palmer.
Palmer vs. Reykjavik Cost Breakdown
If you lived in Palmer instead of Reykjavik, you would:
pay 24.9% less for restaurants
|
Reykjavik
|
Palmer
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$27.48
ISK3,517
|
$23.50
|
|
|
Fast food combo meal
McDonalds, or similar
|
$22.76
ISK2,913
|
$13.25
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$3.34
ISK427
|
$2.75
|
|
| Bottle of water (11 fl. oz) |
$2.70
ISK345
|
$2.00
|
|
Reykjavik vs. Palmer - Cost of restaurants
pay 8.8% more for groceries
|
Reykjavik
|
Palmer
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$4.63
ISK593
|
$4.25
|
|
| Local cheese (8 oz) |
$9.44
ISK1,208
|
$6.17
|
|
| Milk (1 gallon) |
$7.63
ISK976
|
$4.33
|
|
|
Eggs
1 dozen
|
$6.50
ISK832
|
$3.67
|
|
| Boneless chicken breast (1 lb) |
$11.29
ISK1,445
|
$5.79
|
|
| Apples (1 lb) |
$1.59
ISK204
|
$4.06
|
|
| Bananas (1 lb) |
$1.17
ISK150
|
$0.89
|
|
| Oranges (1 lb) |
$1.49
ISK190
|
$3.62
|
|
| Tomatoes (1 lb) |
$2.54
ISK325
|
$3.04
|
|
| Potatoes (1 lb) |
$1.70
ISK217
|
$1.09
|
|
| Onions (1 lb) |
$1.13
ISK145
|
$1.31
|
|
Reykjavik vs. Palmer - Cost of groceries
pay 54.5% less for transportation
|
Reykjavik
|
Palmer
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$9.66
ISK1,236
|
$3.84
|
|
| Monthly public transit pass |
$88.58
ISK11,337
|
$30.00
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$50,771.00
ISK6,497,672
|
$23,000.00
|
|
| Taxi trip in downtown area (5 miles) |
$28.07
ISK3,592
|
$17.66
|
|
Reykjavik vs. Palmer - Cost of transportation
pay 60.6% more for housing
|
Reykjavik
|
Palmer
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$81.97
ISK10,490
|
$134.62
|
|
| 1-Bedroom apartment in downtown area |
$2,259.48
ISK289,169
|
$1,300.00
|
|
| 1-Bedroom apartment outside city center |
$2,034.90
ISK260,427
|
$1,116.67
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$60.87
ISK7,791
|
$222.68
|
|
Reykjavik vs. Palmer - Cost of housing
pay 93.8% more for childcare
|
Reykjavik
|
Palmer
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$327.78
ISK41,949
|
$1,160.00
|
|
| Middle school for 1 child, two semesters |
$30,711.08
ISK3,930,404
|
$10,350.00
|
|
Reykjavik vs. Palmer - Cost of childcare
pay 23.2% less for entertainment and sports
|
Reykjavik
|
Palmer
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$13.12
ISK1,680
|
$7.00
|
|
| Cappuccino in mid-range area |
$6.17
ISK790
|
$5.33
|
|
|
Pack of cigarettes
Marlboro or similar
|
$13.94
ISK1,783
|
$12.00
|
|
| Monthly membership at local gym |
$87.35
ISK11,179
|
$87.50
|
|
| Movie ticket to theater/cinema |
$17.18
ISK2,199
|
$10.00
|
|
Reykjavik vs. Palmer - Cost of entertainment and sports
pay 50.9% less for clothing
|
Reykjavik
|
Palmer
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$145.10
ISK18,569
|
$46.80
|
|
|
Regular dress
from H&M or similar store
|
$63.97
ISK8,187
|
$45.00
|
|
|
Running shoes
Nike or Adidas
|
$193.43
ISK24,755
|
$100.33
|
|
| Men's business shoes (leather) |
$248.79
ISK31,840
|
$104.00
|
|
Reykjavik vs. Palmer - 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
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