Cost of living comparison

compared to

Reykjavik vs. Springfield Cost of Living Summary

Reykjavik is 59.2% more expensive than Springfield.

Restaurants
pay 2.2 times more in Reykjavik
Groceries
pay 6.7% more in Reykjavik
Transportation
pay 93.1% more in Reykjavik
Housing
pay 67.8% more in Reykjavik
Childcare
pay 24.8% more in Reykjavik
Entertainment and Sports
pay 95.9% more in Reykjavik
Clothing
pay 44.7% more in Reykjavik

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

Reykjavik vs. Springfield Cost Breakdown

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

pay 2.2 times more for restaurants

 
Springfield
Reykjavik
Basic meal with drink at inexpensive restaurant $14.50
 
$31.06
ISK3,813
Fast food combo meal
McDonalds, or similar
$10.00
 
$26.97
ISK3,312
Bottle of Coca-Cola (11 fl. oz) $2.00
 
$3.31
ISK407

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pay 6.7% more for groceries

 
Springfield
Reykjavik
Bread
1 loaf
$3.28
 
$4.19
ISK515
Local cheese (8 oz) $9.55
 
$10.93
ISK1,342
Milk (1 gallon) $2.92
 
$7.78
ISK955

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pay 93.1% more for transportation

 
Springfield
Reykjavik
Gasoline (1 gallon) $3.54
 
$7.76
ISK953
Monthly public transit pass $40.00
 
$94.80
ISK11,641
New Volkswagen Golf 1.4 (standard edition) $36,915.00
 
$50,588.43
ISK6M

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pay 67.8% more for housing

 
Springfield
Reykjavik
Internet connection
50 mbps or faster, cable/dsl
$64.06
 
$86.01
ISK10,561
1-Bedroom apartment in downtown area $912.25
 
$2,522.88
ISK310K
1-Bedroom apartment outside city center $1,151.33
 
$2,032.25
ISK250K

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pay 24.8% more for childcare

 
Springfield
Reykjavik
Private preschool for 1 child, monthly $950.00
 
$1,185.23
ISK146K
Middle school for 1 child, two semesters ?? $25,853.51
ISK3M

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pay 95.9% more for entertainment and sports

 
Springfield
Reykjavik
Domestic/local beer (1 pint) $3.00
 
$13.89
ISK1,706
Cappuccino in mid-range area $5.33
 
$6.74
ISK828
Pack of cigarettes
Marlboro or similar
$9.99
 
$13.89
ISK1,706

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pay 44.7% more for clothing

 
Springfield
Reykjavik
Regular jeans
Levi's brand
$105.00
 
$149.01
ISK18,297
Regular dress
from H&M or similar store
$54.99
 
$65.79
ISK8,078
Running shoes
Nike or Adidas
$125.33
 
$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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