Cost of living comparison

compared to

Salt Lake City vs. Reykjavik Cost of Living Summary

Salt Lake City is 10.9% cheaper than Reykjavik.

Restaurants: pay 37.6% less in Salt Lake City
Groceries: pay 21.3% less in Salt Lake City
Transportation: pay 37.8% less in Salt Lake City
Housing: pay 14.8% more in Salt Lake City
Childcare: pay 89.1% more in Salt Lake City
Entertainment and Sports: pay 36.3% less in Salt Lake City
Clothing: pay 47.0% less in Salt Lake City

The cost of childcare and housing in Salt Lake City are more expensive than in Reykjavik. Expenses including clothing, transportation, restaurants, entertainment and sports, and groceries are lower in Salt Lake City. Notably, childcare is significantly more expensive in Salt Lake City.

Salt Lake City vs. Reykjavik Cost Breakdown

If you lived in Salt Lake City instead of Reykjavik, you would:

Display currency: USD

pay 37.6% less for restaurants

	Reykjavik	Salt Lake City
Basic meal with drink at inexpensive restaurant	$27.48 ISK3,517	$18.00	-34.5%
Fast food combo meal McDonalds, or similar	$22.76 ISK2,913	$11.25	-50.6%
Bottle of Coca-Cola (11 fl. oz)	$3.34 ISK427	$2.23	-33.0%
Bottle of water (11 fl. oz)	$2.70 ISK345	$1.83	-32.3%
Average			-37.6%

Reykjavik vs. Salt Lake City - Cost of restaurants

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pay 21.3% less for groceries

	Reykjavik	Salt Lake City
Bread 1 loaf	$4.63 ISK593	$3.23	-30.4%
Local cheese (8 oz)	$9.44 ISK1,208	$6.43	-31.8%
Milk (1 gallon)	$7.63 ISK976	$3.47	-54.6%
Eggs 1 dozen	$6.50 ISK832	$4.23	-35.0%
Boneless chicken breast (1 lb)	$11.29 ISK1,445	$4.60	-59.3%
Apples (1 lb)	$1.59 ISK204	$2.17	+36.4%
Bananas (1 lb)	$1.17 ISK150	$0.86	-26.5%
Oranges (1 lb)	$1.49 ISK190	$1.63	+9.7%
Tomatoes (1 lb)	$2.54 ISK325	$2.00	-21.2%
Potatoes (1 lb)	$1.70 ISK217	$1.16	-31.6%
Onions (1 lb)	$1.13 ISK145	$1.24	+9.9%
Average			-21.3%

Reykjavik vs. Salt Lake City - Cost of groceries

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pay 37.8% less for transportation

	Reykjavik	Salt Lake City
Gasoline (1 gallon)	$9.66 ISK1,236	$3.36	-65.2%
Monthly public transit pass	$88.58 ISK11,337	$85.00	-4.0%
New Volkswagen Golf 1.4 (standard edition)	$50,771.00 ISK6,497,672	$34,677.84	-31.7%
Taxi trip in downtown area (5 miles)	$28.07 ISK3,592	$13.93	-50.4%
Average			-37.8%

Reykjavik vs. Salt Lake City - Cost of transportation

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pay 14.8% more for housing

	Reykjavik	Salt Lake City
Internet connection 50 mbps or faster, cable/dsl	$81.97 ISK10,490	$80.00	-2.4%
1-Bedroom apartment in downtown area	$2,259.48 ISK289,169	$1,633.85	-27.7%
1-Bedroom apartment outside city center	$2,034.90 ISK260,427	$1,392.27	-31.6%
Utilities for two (700 sq ft apartment) including electric, gas, water, heating	$60.87 ISK7,791	$134.44	+120.8%
Average			+14.8%

Reykjavik vs. Salt Lake City - Cost of housing

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pay 89.1% more for childcare

	Reykjavik	Salt Lake City
Private preschool for 1 child, monthly	$327.78 ISK41,949	$1,044.00	+218.5%
Middle school for 1 child, two semesters	$30,711.08 ISK3,930,404	$18,333.33	-40.3%
Average			+89.1%

Reykjavik vs. Salt Lake City - Cost of childcare

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pay 36.3% less for entertainment and sports

	Reykjavik	Salt Lake City
Domestic/local beer (1 pint)	$13.12 ISK1,680	$7.00	-46.7%
Cappuccino in mid-range area	$6.17 ISK790	$5.19	-16.0%
Pack of cigarettes Marlboro or similar	$13.94 ISK1,783	$9.00	-35.4%
Monthly membership at local gym	$87.35 ISK11,179	$30.67	-64.9%
Movie ticket to theater/cinema	$17.18 ISK2,199	$14.00	-18.5%
Average			-36.3%

Reykjavik vs. Salt Lake City - Cost of entertainment and sports

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pay 47.0% less for clothing

	Reykjavik	Salt Lake City
Regular jeans Levi's brand	$145.10 ISK18,569	$70.00	-51.8%
Regular dress from H&M or similar store	$63.97 ISK8,187	$44.17	-31.0%
Running shoes Nike or Adidas	$193.43 ISK24,755	$105.00	-45.7%
Men's business shoes (leather)	$248.79 ISK31,840	$100.83	-59.5%
Average			-47.0%

Reykjavik vs. Salt Lake City - Cost of clothing

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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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