Cost of living comparison

compared to

Reykjavik vs. Sosua Cost Breakdown

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

pay (unknown) more for restaurants

 
Sosua
Reykjavik
Basic meal with drink at inexpensive restaurant ?? $31.06
ISK3,813
Fast food combo meal
McDonalds, or similar
?? $26.97
ISK3,312
Bottle of Coca-Cola (11 fl. oz) ?? $3.31
ISK407

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pay (unknown) more for groceries

 
Sosua
Reykjavik
Bread
1 loaf
?? $4.19
ISK515
Local cheese (8 oz) ?? $10.93
ISK1,342
Milk (1 gallon) ?? $7.78
ISK955

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pay (unknown) more for transportation

 
Sosua
Reykjavik
Gasoline (1 gallon) ?? $7.76
ISK953
Monthly public transit pass ?? $94.80
ISK11,641
New Volkswagen Golf 1.4 (standard edition) ?? $50,588.43
ISK6M

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pay (unknown) more for housing

 
Sosua
Reykjavik
Internet connection
50 mbps or faster, cable/dsl
?? $86.01
ISK10,561
1-Bedroom apartment in downtown area ?? $2,522.88
ISK310K
1-Bedroom apartment outside city center ?? $2,032.25
ISK250K

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pay (unknown) more for childcare

 
Sosua
Reykjavik
Private preschool for 1 child, monthly ?? $1,185.23
ISK146K
Middle school for 1 child, two semesters ?? $25,853.51
ISK3M

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pay (unknown) more for entertainment and sports

 
Sosua
Reykjavik
Domestic/local beer (1 pint) ?? $13.89
ISK1,706
Cappuccino in mid-range area ?? $6.74
ISK828
Pack of cigarettes
Marlboro or similar
?? $13.89
ISK1,706

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pay (unknown) more for clothing

 
Sosua
Reykjavik
Regular jeans
Levi's brand
?? $149.01
ISK18,297
Regular dress
from H&M or similar store
?? $65.79
ISK8,078
Running shoes
Nike or Adidas
?? $181.84
ISK22,328

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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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