Cost of living in New York City, United States vs Reykjavik, Iceland
Currency:
| Food | - 16% | |||
|---|---|---|---|---|
| Food in New York City (United States) is 16% cheaper than in Reykjavik (Iceland) | ||||
| Basic lunchtime menu (including a drink) in the business district | $18 (2,271 kr) | 2,674 kr | - 15% | |
| Combo meal in fast food restaurant (big mac meal or similar) | $10 (1,206 kr) | 1,787 kr | - 33% | |
| 500 gr (1 lb.) of boneless chicken breast | $6 (764 kr) | 961 kr | - 20% | |
| 1 liter (1 qt.) of whole fat milk | $1.06 (133 kr) | 190 kr | - 30% | |
| 12 eggs, large | $4.09 (516 kr) | 788 kr | - 35% | |
| 1 kg (2 lb.) of tomatoes | $4.72 (594 kr) | 572 kr | + 4% | |
| 500 gr (16 oz.) of local cheese | $7 (944 kr) | 852 kr | + 11% | |
| 1 kg (2 lb.) of apples | $4.24 (534 kr) | 317 kr | + 68% | |
| 1 kg (2 lb.) of potatoes | $1.86 (234 kr) | 331 kr | - 29% | |
| 0.5 l (16 oz) domestic beer in the supermarket | $4.26 (536 kr) | 454 kr | + 18% | |
| 1 bottle of red table wine, good quality | $16 (2,060 kr) | 2,949 kr | - 30% | |
| 2 liters of coca-cola | $2.30 (289 kr) | 320 kr | - 10% | |
| Bread for 2 people for 1 day | $3.15 (396 kr) | 504 kr | - 21% | |
| Housing | + 26% | |||
| Housing in New York City (United States) is 26% more expensive than in Reykjavik (Iceland) | ||||
| Monthly rent for 85 m2 (900 sqft) furnished accommodation in expensive area | $3,759 (473,476 kr) | 301,800 kr | + 57% | |
| Monthly rent for 85 m2 (900 sqft) furnished accommodation in normal area | $2,721 (342,714 kr) | 267,065 kr | + 28% | |
| Utilities 1 month (heating, electricity, gas ...) for 2 people in 85m2 flat | $145 (18,260 kr) | 18,704 kr | - 2% | |
| Monthly rent for a 45 m2 (480 sqft) furnished studio in expensive area | $2,647 (333,363 kr) | 202,644 kr | + 65% | |
| Monthly rent for a 45 m2 (480 sqft) furnished studio in normal area | $1,863 (234,608 kr) | 170,620 kr | + 38% | |
| Utilities 1 month (heating, electricity, gas ...) for 1 person in 45 m2 (480 sqft) studio | $106 (13,346 kr) | 13,134 kr | + 2% | |
| Internet 8 mbps (1 month) | $55 (6,985 kr) | 9,153 kr | - 24% | |
| 40” flat screen tv | $304 (38,271 kr) | 97,992 kr | - 61% | |
| Microwave 800/900 watt (bosch, panasonic, lg, sharp, or equivalent brands) | $243 (30,656 kr) | 24,102 kr | + 27% | |
| Laundry detergent (3 l. ~ 100 oz.) | $13 (1,655 kr) | 1,913 kr | - 13% | |
| Hourly rate for cleaning help | $24 (2,967 kr) | 4,144 kr | - 28% | |
| Clothes | - 40% | |||
| Clothes in New York City (United States) is 40% cheaper than in Reykjavik (Iceland) | ||||
| 1 pair of jeans (levis 501 or similar) | $59 (7,467 kr) | 15,871 kr | - 53% | |
| 1 summer dress in a high street store (zara, h&m or similar retailers) | $40 (5,017 kr) | 7,315 kr | - 31% | |
| 1 pair of sport shoes (nike, adidas, or equivalent brands) | $83 (10,480 kr) | 18,995 kr | - 45% | |
| 1 pair of men’s leather business shoes | $123 (15,545 kr) | 25,454 kr | - 39% | |
| Transportation | + 4% | |||
| Transportation in New York City (United States) is about the same as in Reykjavik (Iceland) | ||||
| Volkswagen golf 1.4 tsi 150 cv (or equivalent), with no extras, new | $26,081 (3,284,839 kr) | 3,899,760 kr | - 16% | |
| 1 liter (1/4 gallon) of gas | $0.96 (121 kr) | 228 kr | - 47% | |
| Monthly ticket public transport | $128 (16,168 kr) | 13,260 kr | + 22% | |
| Taxi trip on a business day, basic tariff, 8 km. (5 miles) | $25 (3,196 kr) | 3,398 kr | - 6% | |
| Personal Care | + 41% | |||
| Personal Care in New York City (United States) is 41% more expensive than in Reykjavik (Iceland) | ||||
| Cold medicine for 6 days (tylenol, frenadol, coldrex, or equivalent brands) | $9 (1,071 kr) | 1,366 kr | - 22% | |
| 1 box of antibiotics (12 doses) | $24 (2,967 kr) | 1,999 kr | + 48% | |
| Short visit to private doctor (15 minutes) | $176 (22,110 kr) | 6,835 kr | + 223% | |
| 1 box of 32 tampons (tampax, ob, ...) | $8 (1,010 kr) | 661 kr | + 53% | |
| Deodorant, roll-on (50ml ~ 1.5 oz.) | $4.63 (584 kr) | 604 kr | - 3% | |
| Hair shampoo 2-in-1 (400 ml ~ 12 oz.) | $7 (869 kr) | 676 kr | + 29% | |
| 4 rolls of toilet paper | $4.95 (624 kr) | 485 kr | + 29% | |
| Tube of toothpaste | $2.37 (298 kr) | 414 kr | - 28% | |
| Standard men's haircut in expat area of the city | $31 (3,850 kr) | 5,671 kr | - 32% | |
| Entertainment | + 34% | |||
| Entertainment in New York City (United States) is 34% more expensive than in Reykjavik (Iceland) | ||||
| Basic dinner out for two in neighborhood pub | $63 (7,989 kr) | 7,096 kr | + 13% | |
| 2 tickets to the movies | $33 (4,201 kr) | 3,236 kr | + 30% | |
| 2 tickets to the theater (best available seats) | $402 (50,664 kr) | 12,001 kr | + 322% | |
| Dinner for two at an italian restaurant in the expat area including appetisers, main course, wine and dessert | $135 (17,006 kr) | 14,645 kr | + 16% | |
| 1 cocktail drink in downtown club | $18 (2,267 kr) | 2,560 kr | - 11% | |
| Cappuccino in expat area of the city | $5.29 (666 kr) | 599 kr | + 11% | |
| 1 beer in neighbourhood pub (500ml or 1pt.) | $8 (1,047 kr) | 1,095 kr | - 4% | |
| Ipad wi-fi 128gb | $398 (50,140 kr) | 85,553 kr | - 41% | |
| 1 min. of prepaid mobile tariff (no discounts or plans) | $0.48 (61 kr) | 21 kr | + 193% | |
| 1 month of gym membership in business district | $93 (11,679 kr) | 7,357 kr | + 59% | |
| 1 package of marlboro cigarettes | $15 (1,895 kr) | 1,474 kr | + 29% | |
| TOTAL | + 10% | |||
These prices were last updated on April 21, 2021.
Exchange rate:
125.950
ISK
/
USD
This comparison is based on abundant and consistent data. It is based on 1,405 prices entered by 280 different people.
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Cost of living in New York City (United States) is 10% more expensive than in Reykjavik (Iceland)
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