Cost of living comparison
Reykjavik vs. Schaumburg Cost of Living Summary
Reykjavik is 21.5% more expensive than Schaumburg.
- Restaurants
-
pay 89.3% more in Reykjavik
- Groceries
-
pay 13.2% more in Reykjavik
- Transportation
-
pay 2.0 times more in Reykjavik
- Housing
-
pay 3.4% less in Reykjavik
- Childcare
-
pay 69.2% less in Reykjavik
- Entertainment and Sports
-
pay 46.1% more in Reykjavik
- Clothing
-
pay 77.8% more in Reykjavik
The cost of transportation, restaurants, clothing, entertainment and sports, and groceries in Reykjavik are more expensive than in Schaumburg. Expenses including childcare and housing are lower in Reykjavik. Notably, transportation, restaurants, and clothing are significantly more expensive in Reykjavik.
Reykjavik vs. Schaumburg Cost Breakdown
If you lived in Reykjavik instead of Schaumburg, you would:
pay 89.3% more for restaurants
|
Schaumburg
|
Reykjavik
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$15.00
|
$31.06
ISK3,813
|
|
|
Fast food combo meal
McDonalds, or similar
|
$13.00
|
$26.97
ISK3,312
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$2.63
|
$3.31
ISK407
|
|
| Bottle of water (11 fl. oz) |
$2.25
|
$3.11
ISK381
|
|
pay 13.2% more for groceries
|
Schaumburg
|
Reykjavik
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$4.06
|
$4.19
ISK515
|
|
| Local cheese (8 oz) |
$7.35
|
$10.93
ISK1,342
|
|
| Milk (1 gallon) |
$3.18
|
$7.78
ISK955
|
|
|
Eggs
1 dozen
|
$4.10
|
$7.08
ISK869
|
|
| Boneless chicken breast (1 lb) |
$6.25
|
$11.00
ISK1,351
|
|
| Apples (1 lb) |
$2.49
|
$1.50
ISK185
|
|
| Bananas (1 lb) |
$1.36
|
$1.27
ISK156
|
|
| Oranges (1 lb) |
$2.25
|
$1.46
ISK179
|
|
| Tomatoes (1 lb) |
$1.89
|
$2.93
ISK360
|
|
| Potatoes (1 lb) |
$1.50
|
$1.78
ISK218
|
|
| Onions (1 lb) |
$1.50
|
$0.76
ISK93
|
|
pay 2.0 times more for transportation
|
Schaumburg
|
Reykjavik
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$3.66
|
$7.76
ISK953
|
|
| Monthly public transit pass | ?? |
$94.80
ISK11,641
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$26,000.00
|
$50,588.43
ISK6M
|
|
| Taxi trip in downtown area (5 miles) | ?? |
$29.26
ISK3,593
|
|
pay 3.4% less for housing
|
Schaumburg
|
Reykjavik
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$148.33
|
$86.01
ISK10,561
|
|
| 1-Bedroom apartment in downtown area |
$1,933.33
|
$2,522.88
ISK310K
|
|
| 1-Bedroom apartment outside city center |
$1,690.00
|
$2,032.25
ISK250K
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$256.69
|
$73.44
ISK9,018
|
|
pay 69.2% less for childcare
|
Schaumburg
|
Reykjavik
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly | ?? |
$1,185.23
ISK146K
|
|
| Middle school for 1 child, two semesters |
$84,000.00
|
$25,853.51
ISK3M
|
|
pay 46.1% more for entertainment and sports
|
Schaumburg
|
Reykjavik
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$4.50
|
$13.89
ISK1,706
|
|
| Cappuccino in mid-range area |
$4.75
|
$6.74
ISK828
|
|
|
Pack of cigarettes
Marlboro or similar
|
$18.00
|
$13.89
ISK1,706
|
|
| Monthly membership at local gym |
$63.33
|
$100.25
ISK12,310
|
|
| Movie ticket to theater/cinema |
$20.00
|
$19.57
ISK2,403
|
|
pay 77.8% more for clothing
|
Schaumburg
|
Reykjavik
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$74.00
|
$149.01
ISK18,297
|
|
|
Regular dress
from H&M or similar store
|
$50.00
|
$65.79
ISK8,078
|
|
|
Running shoes
Nike or Adidas
|
$100.00
|
$181.84
ISK22,328
|
|
| Men's business shoes (leather) |
$120.00
|
$248.81
ISK30,551
|
|
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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