Cost of living comparison

compared to

Keflavik vs. Wellington Cost of Living Summary

Keflavik is 46.0% more expensive than Wellington.

Restaurants: pay 65.6% more in Keflavik
Groceries: pay 42.3% more in Keflavik
Transportation: pay 45.1% more in Keflavik
Housing: pay 24.8% more in Keflavik
Childcare: pay 47.1% more in Keflavik
Entertainment and Sports: pay 36.4% more in Keflavik
Clothing: pay 60.4% more in Keflavik

The cost of restaurants, clothing, childcare, transportation, groceries, and entertainment and sports in Keflavik are more expensive than in Wellington.

Keflavik vs. Wellington Cost Breakdown

If you lived in Keflavik instead of Wellington, you would:

Display currency: USD

pay 65.6% more for restaurants

	Wellington	Keflavik
Basic meal with drink at inexpensive restaurant	$14.42 NZ$25.06	$24.61 ISK3,091	+70.6%
Fast food combo meal McDonalds, or similar	$9.23 NZ$16.04	$20.51 ISK2,576	+122.1%
Bottle of Coca-Cola (11 fl. oz)	$2.46 NZ$4.27	$3.28 ISK412	+33.4%
Bottle of water (11 fl. oz)	$1.98 NZ$3.44	$2.70 ISK339	+36.4%
Average			+65.6%

Wellington vs. Keflavik - Cost of restaurants

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pay 42.3% more for groceries

	Wellington	Keflavik
Bread 1 loaf	$1.98 NZ$3.43	$4.63 ISK582	+134.5%
Local cheese (8 oz)	$4.02 NZ$6.99	$9.44 ISK1,186	+134.6%
Milk (1 gallon)	$6.79 NZ$11.79	$7.63 ISK959	+12.4%
Eggs 1 dozen	$6.77 NZ$11.77	$6.39 ISK803	-5.7%
Boneless chicken breast (1 lb)	$4.77 NZ$8.29	$10.98 ISK1,379	+130.0%
Apples (1 lb)	$1.36 NZ$2.37	$1.12 ISK140	-18.0%
Bananas (1 lb)	$1.01 NZ$1.76	$1.12 ISK140	+10.2%
Oranges (1 lb)	$1.33 NZ$2.31	$1.12 ISK140	-16.1%
Tomatoes (1 lb)	$2.32 NZ$4.02	$1.86 ISK234	-19.7%
Potatoes (1 lb)	$0.90 NZ$1.56	$1.45 ISK182	+61.8%
Onions (1 lb)	$0.68 NZ$1.18	$0.96 ISK121	+41.6%
Average			+42.3%

Wellington vs. Keflavik - Cost of groceries

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pay 45.1% more for transportation

	Wellington	Keflavik
Gasoline (1 gallon)	$6.14 NZ$10.67	$9.66 ISK1,214	+57.3%
Monthly public transit pass	$109.62 NZ$190.44	$76.28 ISK9,583	-30.4%
New Volkswagen Golf 1.4 (standard edition)	$31,154.21 NZ$54,124.77	$50,771.00 ISK6,378,360	+63.0%
Taxi trip in downtown area (5 miles)	$14.55 NZ$25.28	$27.74 ISK3,485	+90.6%
Average			+45.1%

Wellington vs. Keflavik - Cost of transportation

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pay 24.8% more for housing

	Wellington	Keflavik
Internet connection 50 mbps or faster, cable/dsl	$48.75 NZ$84.70	$81.97 ISK10,298	+68.1%
1-Bedroom apartment in downtown area	$1,240.57 NZ$2,155.27	$1,886.48 ISK236,999	+52.1%
1-Bedroom apartment outside city center	$1,099.37 NZ$1,909.96	$1,353.35 ISK170,021	+23.1%
Utilities for two (700 sq ft apartment) including electric, gas, water, heating	$109.37 NZ$190.00	$60.87 ISK7,648	-44.3%
Average			+24.8%

Wellington vs. Keflavik - Cost of housing

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pay 47.1% more for childcare

	Wellington	Keflavik
Private preschool for 1 child, monthly	$768.47 NZ$1,335.08	$327.78 ISK41,179	-57.3%
Middle school for 1 child, two semesters	$12,211.68 NZ$21,215.57	$30,711.08 ISK3,858,233	+151.5%
Average			+47.1%

Wellington vs. Keflavik - Cost of childcare

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pay 36.4% more for entertainment and sports

	Wellington	Keflavik
Domestic/local beer (1 pint)	$6.63 NZ$11.53	$8.20 ISK1,030	+23.6%
Cappuccino in mid-range area	$3.54 NZ$6.15	$4.10 ISK515	+15.8%
Pack of cigarettes Marlboro or similar	$25.67 NZ$44.60	$13.94 ISK1,751	-45.7%
Monthly membership at local gym	$34.12 NZ$59.28	$81.64 ISK10,257	+139.3%
Movie ticket to theater/cinema	$11.54 NZ$20.05	$17.18 ISK2,159	+48.9%
Average			+36.4%

Wellington vs. Keflavik - Cost of entertainment and sports

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pay 60.4% more for clothing

	Wellington	Keflavik
Regular jeans Levi's brand	$69.31 NZ$120.41	$145.10 ISK18,228	+109.3%
Regular dress from H&M or similar store	$46.64 NZ$81.02	$63.97 ISK8,036	+37.2%
Running shoes Nike or Adidas	$113.30 NZ$196.84	$185.91 ISK23,356	+64.1%
Men's business shoes (leather)	$146.23 NZ$254.05	$191.38 ISK24,043	+30.9%
Average			+60.4%

Wellington vs. Keflavik - Cost of clothing

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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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