Cost of living comparison
compared to
Reykjavik vs. Urbana Cost of Living Summary
Reykjavik is 79.6% more expensive than Urbana.
- Restaurants
-
pay 80.2% more in Reykjavik
- Groceries
-
pay 67.2% more in Reykjavik
- Transportation
-
pay 2.5 times more in Reykjavik
- Housing
-
pay 2.1 times more in Reykjavik
- Childcare
-
pay 10.6% less in Reykjavik
- Entertainment and Sports
-
pay 56.7% more in Reykjavik
- Clothing
-
pay 2.0 times more in Reykjavik
The cost of transportation, housing, clothing, restaurants, groceries, and entertainment and sports in Reykjavik are more expensive than in Urbana. Notably, transportation, housing, and clothing are significantly more expensive in Reykjavik.
Reykjavik vs. Urbana Cost Breakdown
If you lived in Reykjavik instead of Urbana, you would:
pay 80.2% more for restaurants
|
Urbana
|
Reykjavik
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$15.00
|
$27.48
ISK3,517
|
|
|
Fast food combo meal
McDonalds, or similar
|
$11.00
|
$22.76
ISK2,913
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$2.21
|
$3.34
ISK427
|
|
| Bottle of water (11 fl. oz) |
$1.50
|
$2.70
ISK345
|
|
Urbana vs. Reykjavik - Cost of restaurants
pay 67.2% more for groceries
|
Urbana
|
Reykjavik
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$2.63
|
$4.63
ISK593
|
|
| Local cheese (8 oz) |
$5.65
|
$9.44
ISK1,208
|
|
| Milk (1 gallon) |
$2.91
|
$7.63
ISK976
|
|
|
Eggs
1 dozen
|
$3.80
|
$6.50
ISK832
|
|
| Boneless chicken breast (1 lb) |
$4.00
|
$11.29
ISK1,445
|
|
| Apples (1 lb) |
$1.60
|
$1.59
ISK204
|
|
| Bananas (1 lb) |
$0.61
|
$1.17
ISK150
|
|
| Oranges (1 lb) |
$1.44
|
$1.49
ISK190
|
|
| Tomatoes (1 lb) |
$2.01
|
$2.54
ISK325
|
|
| Potatoes (1 lb) |
$1.00
|
$1.70
ISK217
|
|
| Onions (1 lb) |
$1.26
|
$1.13
ISK145
|
|
Urbana vs. Reykjavik - Cost of groceries
pay 2.5 times more for transportation
|
Urbana
|
Reykjavik
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$3.60
|
$9.66
ISK1,236
|
|
| Monthly public transit pass | ?? |
$88.58
ISK11,337
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$35,691.85
|
$50,771.00
ISK6,497,672
|
|
| Taxi trip in downtown area (5 miles) |
$7.97
|
$28.07
ISK3,592
|
|
Urbana vs. Reykjavik - Cost of transportation
pay 2.1 times more for housing
|
Urbana
|
Reykjavik
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$63.33
|
$81.97
ISK10,490
|
|
| 1-Bedroom apartment in downtown area |
$750.00
|
$2,259.48
ISK289,169
|
|
| 1-Bedroom apartment outside city center |
$575.00
|
$2,034.90
ISK260,427
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$165.69
|
$60.87
ISK7,791
|
|
Urbana vs. Reykjavik - Cost of housing
pay 10.6% less for childcare
|
Urbana
|
Reykjavik
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$1,300.00
|
$327.78
ISK41,949
|
|
| Middle school for 1 child, two semesters |
$20,000.00
|
$30,711.08
ISK3,930,404
|
|
Urbana vs. Reykjavik - Cost of childcare
pay 56.7% more for entertainment and sports
|
Urbana
|
Reykjavik
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$6.00
|
$13.12
ISK1,680
|
|
| Cappuccino in mid-range area |
$4.45
|
$6.17
ISK790
|
|
|
Pack of cigarettes
Marlboro or similar
|
$10.16
|
$13.94
ISK1,783
|
|
| Monthly membership at local gym | ?? |
$87.35
ISK11,179
|
|
| Movie ticket to theater/cinema |
$13.00
|
$17.18
ISK2,199
|
|
Urbana vs. Reykjavik - Cost of entertainment and sports
pay 2.0 times more for clothing
|
Urbana
|
Reykjavik
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$48.67
|
$145.10
ISK18,569
|
|
|
Regular dress
from H&M or similar store
|
$49.62
|
$63.97
ISK8,187
|
|
|
Running shoes
Nike or Adidas
|
$90.00
|
$193.43
ISK24,755
|
|
| Men's business shoes (leather) |
$143.33
|
$248.79
ISK31,840
|
|
Urbana vs. Reykjavik - Cost of clothing
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
Change currency:
Compare countries by overall cost of living
See the
cost of living in United States vs. Iceland.
This provides a comparison of the average cost of living from cities within United States and Iceland.
Help us improve these prices
MyLifeElsewhere is a collaborative project. Please enter price information for your location to help assist us in making these comparisons more accurate.
Learn more
ASK THE ELSEWHERE COMMUNITY
Join the Elsewhere community and ask a question about Reykjavik or Urbana. It's a free, question-and-answer based forum to discuss what life is like in countries and cities around the world.