Cost of living comparison
compared to
Reykjavik vs. Westminster Cost of Living Summary
Reykjavik is 21.9% more expensive than Westminster.
- Restaurants
-
pay 97.3% more in Reykjavik
- Groceries
-
pay 80.7% more in Reykjavik
- Transportation
-
pay 22.6% more in Reykjavik
- Housing
-
pay 16.8% less in Reykjavik
- Childcare
-
pay 14.3% less in Reykjavik
- Entertainment and Sports
-
pay 13.3% more in Reykjavik
- Clothing
-
pay 84.9% more in Reykjavik
The cost of restaurants, clothing, groceries, transportation, and entertainment and sports in Reykjavik are more expensive than in Westminster. Expenses including housing and childcare are lower in Reykjavik. Notably, restaurants, clothing, and groceries are significantly more expensive in Reykjavik.
Reykjavik vs. Westminster Cost Breakdown
If you lived in Reykjavik instead of Westminster, you would:
pay 97.3% more for restaurants
|
Westminster
|
Reykjavik
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$20.48
£15.31
|
$31.06
ISK3,782
|
|
|
Fast food combo meal
McDonalds, or similar
|
$9.25
£6.92
|
$26.97
ISK3,284
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$1.89
£1.42
|
$3.31
ISK404
|
|
| Bottle of water (11 fl. oz) |
$1.67
£1.25
|
$3.11
ISK378
|
|
Westminster vs. Reykjavik - Cost of restaurants
pay 80.7% more for groceries
|
Westminster
|
Reykjavik
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$1.48
£1.10
|
$4.19
ISK511
|
|
| Local cheese (8 oz) |
$4.24
£3.17
|
$10.93
ISK1,331
|
|
| Milk (1 gallon) |
$6.25
£4.68
|
$7.78
ISK947
|
|
|
Eggs
1 dozen
|
$3.99
£2.98
|
$7.08
ISK862
|
|
| Boneless chicken breast (1 lb) |
$3.98
£2.97
|
$11.00
ISK1,340
|
|
| Apples (1 lb) |
$1.40
£1.05
|
$1.50
ISK183
|
|
| Bananas (1 lb) |
$0.66
£0.49
|
$1.27
ISK154
|
|
| Oranges (1 lb) |
$1.15
£0.86
|
$1.46
ISK178
|
|
| Tomatoes (1 lb) |
$1.28
£0.96
|
$2.93
ISK357
|
|
| Potatoes (1 lb) |
$0.75
£0.56
|
$1.78
ISK216
|
|
| Onions (1 lb) |
$0.72
£0.54
|
$0.76
ISK92
|
|
Westminster vs. Reykjavik - Cost of groceries
pay 22.6% more for transportation
|
Westminster
|
Reykjavik
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$7.52
£5.63
|
$7.76
ISK946
|
|
| Monthly public transit pass | ?? |
$94.80
ISK11,545
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$38,182.92
£28,549.06
|
$50,588.43
ISK6M
|
|
| Taxi trip in downtown area (5 miles) |
$16.52
£12.35
|
$29.26
ISK3,563
|
|
Westminster vs. Reykjavik - Cost of transportation
pay 16.8% less for housing
|
Westminster
|
Reykjavik
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$40.74
£30.46
|
$86.01
ISK10,474
|
|
| 1-Bedroom apartment in downtown area |
$3,105.38
£2,321.87
|
$2,522.88
ISK307K
|
|
| 1-Bedroom apartment outside city center |
$1,850.01
£1,383.24
|
$2,032.25
ISK247K
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$237.34
£177.46
|
$73.44
ISK8,943
|
|
Westminster vs. Reykjavik - Cost of housing
pay 14.3% less for childcare
|
Westminster
|
Reykjavik
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$1,872.04
£1,399.71
|
$1,185.23
ISK144K
|
|
| Middle school for 1 child, two semesters |
$22,279.43
£16,658.15
|
$25,853.51
ISK3M
|
|
Westminster vs. Reykjavik - Cost of childcare
pay 13.3% more for entertainment and sports
|
Westminster
|
Reykjavik
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$6.61
£4.94
|
$13.89
ISK1,692
|
|
| Cappuccino in mid-range area |
$4.71
£3.52
|
$6.74
ISK821
|
|
|
Pack of cigarettes
Marlboro or similar
|
$22.96
£17.17
|
$13.89
ISK1,692
|
|
| Monthly membership at local gym |
$118.93
£88.92
|
$100.25
ISK12,209
|
|
| Movie ticket to theater/cinema |
$19.82
£14.82
|
$19.57
ISK2,384
|
|
Westminster vs. Reykjavik - Cost of entertainment and sports
pay 84.9% more for clothing
|
Westminster
|
Reykjavik
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$105.71
£79.04
|
$149.01
ISK18,147
|
|
|
Regular dress
from H&M or similar store
|
$44.05
£32.93
|
$65.79
ISK8,012
|
|
|
Running shoes
Nike or Adidas
|
$88.10
£65.87
|
$181.84
ISK22,145
|
|
| Men's business shoes (leather) |
$92.50
£69.16
|
$248.81
ISK30,300
|
|
Westminster 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 October 2026). How we calculate this
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Compare further: Westminster vs. Reykjavik
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