Cost of living comparison

compared to

Reykjavik vs. Springfield Cost of Living Summary

Reykjavik is 55.5% more expensive than Springfield.

Restaurants
pay 33.9% more in Reykjavik
Groceries
pay 40.7% more in Reykjavik
Transportation
pay 2.1 times more in Reykjavik
Housing
pay 6.0% more in Reykjavik
Childcare
pay 0.4% less in Reykjavik
Entertainment and Sports
pay 76.0% more in Reykjavik
Clothing
pay 2.3 times more in Reykjavik

The cost of clothing, transportation, entertainment and sports, groceries, restaurants, and housing in Reykjavik are more expensive than in Springfield. Notably, clothing, transportation, and entertainment and sports are significantly more expensive in Reykjavik.

Reykjavik vs. Springfield Cost Breakdown

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

pay 33.9% more for restaurants

 
Springfield
Reykjavik
Basic meal with drink at inexpensive restaurant $23.00
 
$27.48
ISK3,473
Fast food combo meal
McDonalds, or similar
$14.25
 
$22.76
ISK2,877
Bottle of Coca-Cola (11 fl. oz) $2.71
 
$3.34
ISK422

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pay 40.7% more for groceries

 
Springfield
Reykjavik
Bread
1 loaf
$2.56
 
$4.63
ISK586
Local cheese (8 oz) $6.98
 
$9.44
ISK1,193
Milk (1 gallon) $3.94
 
$7.63
ISK964

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pay 2.1 times more for transportation

 
Springfield
Reykjavik
Gasoline (1 gallon) $3.16
 
$9.66
ISK1,221
Monthly public transit pass $54.00
 
$88.58
ISK11,197
New Volkswagen Golf 1.4 (standard edition) $28,000.00
 
$50,771.00
ISK6,417,454

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pay 6.0% more for housing

 
Springfield
Reykjavik
Internet connection
50 mbps or faster, cable/dsl
$71.60
 
$81.97
ISK10,361
1-Bedroom apartment in downtown area $1,483.33
 
$2,259.48
ISK285,599
1-Bedroom apartment outside city center $1,700.00
 
$2,034.90
ISK257,212

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pay 0.4% less for childcare

 
Springfield
Reykjavik
Private preschool for 1 child, monthly $1,766.67
 
$327.78
ISK41,431
Middle school for 1 child, two semesters $17,000.00
 
$30,711.08
ISK3,881,881

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pay 76.0% more for entertainment and sports

 
Springfield
Reykjavik
Domestic/local beer (1 pint) $5.50
 
$13.12
ISK1,659
Cappuccino in mid-range area $5.80
 
$6.17
ISK780
Pack of cigarettes
Marlboro or similar
$12.25
 
$13.94
ISK1,761

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pay 2.3 times more for clothing

 
Springfield
Reykjavik
Regular jeans
Levi's brand
$50.00
 
$145.10
ISK18,340
Regular dress
from H&M or similar store
$39.77
 
$63.97
ISK8,086
Running shoes
Nike or Adidas
$86.67
 
$193.43
ISK24,449

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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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