Cost of living comparison

compared to
Reykjavik vs. Washington Cost of Living Summary

Reykjavik is 5.9% cheaper than Washington.

Restaurants
pay 10.6% more in Reykjavik
Groceries
pay 1.8% less in Reykjavik
Transportation
pay 38.0% more in Reykjavik
Housing
pay 23.2% less in Reykjavik
Childcare
pay 86.6% less in Reykjavik
Entertainment and Sports
pay 2.7% less in Reykjavik
Clothing
pay 24.4% more in Reykjavik

The cost of transportation, clothing, and restaurants in Reykjavik are more expensive than in Washington. Expenses including childcare, housing, entertainment and sports, and groceries are lower in Reykjavik.

Reykjavik vs. Washington Cost Breakdown

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

pay 10.6% more for restaurants

 
Washington
Reykjavik
Basic meal with drink at inexpensive restaurant $25.00
 
$20.00
ISK2,552
Fast food combo meal
McDonalds, or similar
$12.00
 
$18.02
ISK2,299
Bottle of Coca-Cola (11 fl. oz) $2.78
 
$3.15
ISK402

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pay 1.8% less for groceries

 
Washington
Reykjavik
Bread
1 loaf
$4.34
 
$3.61
ISK461
Local cheese (8 oz) $7.84
 
$7.76
ISK990
Milk (1 gallon) $4.14
 
$6.40
ISK817

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pay 38.0% more for transportation

 
Washington
Reykjavik
Gasoline (1 gallon) $3.66
 
$8.50
ISK1,085
Monthly public transit pass $75.00
 
$74.95
ISK9,565
New Volkswagen Golf 1.4 (standard edition) $35,699.74
 
$42,450.45
ISK5,417,102

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pay 23.2% less for housing

 
Washington
Reykjavik
Internet connection
50 mbps or faster, cable/dsl
$66.46
 
$69.87
ISK8,916
1-Bedroom apartment in downtown area $2,582.95
 
$1,971.17
ISK251,541
1-Bedroom apartment outside city center $2,028.70
 
$1,803.44
ISK230,137

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pay 86.6% less for childcare

 
Washington
Reykjavik
Private preschool for 1 child, monthly $2,273.25
 
$252.14
ISK32,176
Middle school for 1 child, two semesters $38,250.00
 
$5,993.99
ISK764,894

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pay 2.7% less for entertainment and sports

 
Washington
Reykjavik
Domestic/local beer (1 pint) $8.00
 
$10.81
ISK1,380
Cappuccino in mid-range area $5.55
 
$5.31
ISK677
Pack of cigarettes
Marlboro or similar
$11.75
 
$12.25
ISK1,563

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pay 24.4% more for clothing

 
Washington
Reykjavik
Regular jeans
Levi's brand
$74.13
 
$108.97
ISK13,906
Regular dress
from H&M or similar store
$50.77
 
$49.72
ISK6,345
Running shoes
Nike or Adidas
$105.47
 
$151.85
ISK19,378

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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: April 2025
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