Cost of living comparison
compared to
Reykjavik vs. Valparaiso Cost of Living Summary
Reykjavik is 86.9% more expensive than Valparaiso.
- Restaurants
-
pay 92.3% more in Reykjavik
- Groceries
-
pay 2.1 times more in Reykjavik
- Transportation
-
pay 2.2 times more in Reykjavik
- Housing
-
pay 59.4% more in Reykjavik
- Childcare
-
pay 29.6% more in Reykjavik
- Entertainment and Sports
-
pay 2.3 times more in Reykjavik
- Clothing
-
pay 2.1 times more in Reykjavik
Reykjavik vs. Valparaiso Cost Breakdown
If you lived in Reykjavik instead of Valparaiso, you would:
pay 92.3% more for restaurants
|
Valparaiso
|
Reykjavik
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$20.00
|
$31.06
ISK3,849
|
|
|
Fast food combo meal
McDonalds, or similar
|
$9.00
|
$26.97
ISK3,342
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$2.51
|
$3.31
ISK411
|
|
| Bottle of water (11 fl. oz) |
$2.00
|
$3.11
ISK385
|
|
Valparaiso vs. Reykjavik - Cost of restaurants
pay 2.1 times more for groceries
|
Valparaiso
|
Reykjavik
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$2.20
|
$4.19
ISK520
|
|
| Local cheese (8 oz) |
$2.20
|
$10.93
ISK1,355
|
|
| Milk (1 gallon) |
$2.82
|
$7.78
ISK964
|
|
|
Eggs
1 dozen
|
$2.79
|
$7.08
ISK877
|
|
| Boneless chicken breast (1 lb) |
$3.00
|
$11.00
ISK1,364
|
|
| Apples (1 lb) |
$1.00
|
$1.50
ISK186
|
|
| Bananas (1 lb) |
$0.60
|
$1.27
ISK157
|
|
| Oranges (1 lb) |
$1.00
|
$1.46
ISK181
|
|
| Tomatoes (1 lb) |
$1.00
|
$2.93
ISK363
|
|
| Potatoes (1 lb) |
$1.30
|
$1.78
ISK220
|
|
| Onions (1 lb) |
$1.00
|
$0.76
ISK94
|
|
Valparaiso vs. Reykjavik - Cost of groceries
pay 2.2 times more for transportation
|
Valparaiso
|
Reykjavik
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$3.24
|
$7.76
ISK962
|
|
| Monthly public transit pass |
$30.00
|
$94.80
ISK11,749
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$35,866.37
|
$50,588.43
ISK6M
|
|
| Taxi trip in downtown area (5 miles) | ?? |
$29.26
ISK3,626
|
|
Valparaiso vs. Reykjavik - Cost of transportation
pay 59.4% more for housing
|
Valparaiso
|
Reykjavik
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$77.50
|
$86.01
ISK10,659
|
|
| 1-Bedroom apartment in downtown area |
$1,500.00
|
$2,522.88
ISK313K
|
|
| 1-Bedroom apartment outside city center |
$1,000.00
|
$2,032.25
ISK252K
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$90.12
|
$73.44
ISK9,101
|
|
Valparaiso vs. Reykjavik - Cost of housing
pay 29.6% more for childcare
|
Valparaiso
|
Reykjavik
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$1,638.33
|
$1,185.23
ISK147K
|
|
| Middle school for 1 child, two semesters |
$11,136.00
|
$25,853.51
ISK3M
|
|
Valparaiso vs. Reykjavik - Cost of childcare
pay 2.3 times more for entertainment and sports
|
Valparaiso
|
Reykjavik
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$5.00
|
$13.89
ISK1,722
|
|
| Cappuccino in mid-range area |
$5.00
|
$6.74
ISK836
|
|
|
Pack of cigarettes
Marlboro or similar
|
$9.00
|
$13.89
ISK1,722
|
|
| Monthly membership at local gym |
$25.00
|
$100.25
ISK12,424
|
|
| Movie ticket to theater/cinema |
$9.00
|
$19.57
ISK2,426
|
|
Valparaiso vs. Reykjavik - Cost of entertainment and sports
pay 2.1 times more for clothing
|
Valparaiso
|
Reykjavik
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$57.33
|
$149.01
ISK18,467
|
|
|
Regular dress
from H&M or similar store
|
$21.50
|
$65.79
ISK8,153
|
|
|
Running shoes
Nike or Adidas
|
$122.50
|
$181.84
ISK22,535
|
|
| Men's business shoes (leather) |
$150.00
|
$248.81
ISK30,835
|
|
Valparaiso vs. Reykjavik - Cost of clothing
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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