Cost of living comparison

Iceland

compared to

United States

Schaumburg vs. Reykjavik Cost of Living Summary

Schaumburg is 17.7% cheaper than Reykjavik.

Restaurants: pay 47.2% less in Schaumburg
Groceries: pay 11.6% less in Schaumburg
Transportation: pay 51.0% less in Schaumburg
Housing: pay 3.5% more in Schaumburg
Childcare: pay 3.2 times more in Schaumburg
Entertainment and Sports: pay 31.5% less in Schaumburg
Clothing: pay 43.8% less in Schaumburg

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

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Schaumburg vs. Reykjavik Cost Breakdown

If you lived in Schaumburg instead of Reykjavik, you would:

Display currency: USD

pay 47.2% less for restaurants

	Reykjavik	Schaumburg
Basic meal with drink at inexpensive restaurant	$31.06 ISK3,813	$15.00	-51.7%
Fast food combo meal McDonalds, or similar	$26.97 ISK3,312	$13.00	-51.8%
Bottle of Coca-Cola (11 fl. oz)	$3.31 ISK407	$2.63	-20.7%
Bottle of water (11 fl. oz)	$3.11 ISK381	$2.25	-27.6%
Average			-47.2%

Reykjavik vs. Schaumburg - Cost of restaurants

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pay 11.6% less for groceries

	Reykjavik	Schaumburg
Bread 1 loaf	$4.19 ISK515	$4.06	-3.2%
Local cheese (8 oz)	$10.93 ISK1,342	$7.35	-32.8%
Milk (1 gallon)	$7.78 ISK955	$3.18	-59.1%
Eggs 1 dozen	$7.08 ISK869	$4.10	-42.1%
Boneless chicken breast (1 lb)	$11.00 ISK1,351	$6.25	-43.2%
Apples (1 lb)	$1.50 ISK185	$2.49	+65.8%
Bananas (1 lb)	$1.27 ISK156	$1.36	+7.2%
Oranges (1 lb)	$1.46 ISK179	$2.25	+53.9%
Tomatoes (1 lb)	$2.93 ISK360	$1.89	-35.4%
Potatoes (1 lb)	$1.78 ISK218	$1.50	-15.8%
Onions (1 lb)	$0.76 ISK93	$1.50	+97.7%
Average			-11.6%

Reykjavik vs. Schaumburg - Cost of groceries

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pay 51.0% less for transportation

	Reykjavik	Schaumburg
Gasoline (1 gallon)	$7.76 ISK953	$3.66	-52.9%
Monthly public transit pass	$94.80 ISK11,641	??
New Volkswagen Golf 1.4 (standard edition)	$50,588.43 ISK6M	$26,000.00	-48.6%
Taxi trip in downtown area (5 miles)	$29.26 ISK3,593	??
Average			-51.0%

Reykjavik vs. Schaumburg - Cost of transportation

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pay 3.5% more for housing

	Reykjavik	Schaumburg
Internet connection 50 mbps or faster, cable/dsl	$86.01 ISK10,561	$148.33	+72.5%
1-Bedroom apartment in downtown area	$2,522.88 ISK310K	$1,933.33	-23.4%
1-Bedroom apartment outside city center	$2,032.25 ISK250K	$1,690.00	-16.8%
Utilities for two (700 sq ft apartment) including electric, gas, water, heating	$73.44 ISK9,018	$256.69	+249.5%
Average			+3.5%

Reykjavik vs. Schaumburg - Cost of housing

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pay 3.2 times more for childcare

	Reykjavik	Schaumburg
Private preschool for 1 child, monthly	$1,185.23 ISK146K	??
Middle school for 1 child, two semesters	$25,853.51 ISK3M	$84,000.00	+224.9%
Average			+224.9%

Reykjavik vs. Schaumburg - Cost of childcare

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pay 31.5% less for entertainment and sports

	Reykjavik	Schaumburg
Domestic/local beer (1 pint)	$13.89 ISK1,706	$4.50	-67.6%
Cappuccino in mid-range area	$6.74 ISK828	$4.75	-29.6%
Pack of cigarettes Marlboro or similar	$13.89 ISK1,706	$18.00	+29.6%
Monthly membership at local gym	$100.25 ISK12,310	$63.33	-36.8%
Movie ticket to theater/cinema	$19.57 ISK2,403	$20.00	+2.2%
Average			-31.5%

Reykjavik vs. Schaumburg - Cost of entertainment and sports

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pay 43.8% less for clothing

	Reykjavik	Schaumburg
Regular jeans Levi's brand	$149.01 ISK18,297	$74.00	-50.3%
Regular dress from H&M or similar store	$65.79 ISK8,078	$50.00	-24.0%
Running shoes Nike or Adidas	$181.84 ISK22,328	$100.00	-45.0%
Men's business shoes (leather)	$248.81 ISK30,551	$120.00	-51.8%
Average			-43.8%

Reykjavik vs. Schaumburg - 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 November 2026). How we calculate this

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