Cost of living in New York City, United States vs Reykjavik, Iceland
Currency:
| Food | - 13% | |||
|---|---|---|---|---|
| Food in New York City (United States) is 13% cheaper than in Reykjavik (Iceland) | ||||
| Basic lunchtime menu (including a drink) in the business district | $17 (2,124 kr) | 2,732 kr | - 22% | |
| Combo meal in fast food restaurant (big mac meal or similar) | $9 (1,212 kr) | 1,895 kr | - 36% | |
| 500 gr (1 lb.) of boneless chicken breast | $5.76 (735 kr) | 1,250 kr | - 41% | |
| 1 liter (1 qt.) of whole fat milk | $1.16 (148 kr) | 154 kr | - 4% | |
| 12 eggs, large | $4.39 (560 kr) | 773 kr | - 27% | |
| 1 kg (2 lb.) of tomatoes | $5.41 (691 kr) | 547 kr | + 26% | |
| 500 gr (16 oz.) of local cheese | $9 (1,169 kr) | 1,131 kr | + 3% | |
| 1 kg (2 lb.) of apples | $3.98 (509 kr) | 448 kr | + 13% | |
| 1 kg (2 lb.) of potatoes | $1.90 (243 kr) | 374 kr | - 35% | |
| 0.5 l (16 oz) domestic beer in the supermarket | $5.12 (654 kr) | 394 kr | + 66% | |
| 1 bottle of red table wine, good quality | $17 (2,206 kr) | 3,109 kr | - 29% | |
| 2 liters of coca-cola | $2.36 (301 kr) | 314 kr | - 4% | |
| Bread for 2 people for 1 day | $2.52 (322 kr) | 305 kr | + 5% | |
| Housing | + 58% | |||
| Housing in New York City (United States) is 58% more expensive than in Reykjavik (Iceland) | ||||
| Monthly rent for 85 m2 (900 sqft) furnished accommodation in expensive area | $4,057 (518,076 kr) | 260,744 kr | + 99% | |
| Monthly rent for 85 m2 (900 sqft) furnished accommodation in normal area | $2,892 (369,394 kr) | 243,118 kr | + 52% | |
| Utilities 1 month (heating, electricity, gas ...) for 2 people in 85m2 flat | $176 (22,427 kr) | 17,186 kr | + 31% | |
| Monthly rent for a 45 m2 (480 sqft) furnished studio in expensive area | $3,112 (397,418 kr) | 190,908 kr | + 108% | |
| Monthly rent for a 45 m2 (480 sqft) furnished studio in normal area | $2,039 (260,412 kr) | 164,431 kr | + 58% | |
| Utilities 1 month (heating, electricity, gas ...) for 1 person in 45 m2 (480 sqft) studio | $113 (14,403 kr) | 11,102 kr | + 30% | |
| Internet 8 mbps (1 month) | $53 (6,707 kr) | 6,468 kr | + 4% | |
| 40” flat screen tv | $300 (38,261 kr) | 86,615 kr | - 56% | |
| Microwave 800/900 watt (bosch, panasonic, lg, sharp, or equivalent brands) | $154 (19,628 kr) | 22,343 kr | - 12% | |
| Laundry detergent (3 l. ~ 100 oz.) | $13 (1,609 kr) | 1,911 kr | - 16% | |
| Hourly rate for cleaning help | $27 (3,448 kr) | 3,885 kr | - 11% | |
| Clothes | - 38% | |||
| Clothes in New York City (United States) is 38% cheaper than in Reykjavik (Iceland) | ||||
| 1 pair of jeans (levis 501 or similar) | $58 (7,394 kr) | 16,589 kr | - 55% | |
| 1 summer dress in a high street store (zara, h&m or similar retailers) | $44 (5,612 kr) | 8,132 kr | - 31% | |
| 1 pair of sport shoes (nike, adidas, or equivalent brands) | $87 (11,079 kr) | 20,647 kr | - 46% | |
| 1 pair of men’s leather business shoes | $154 (19,713 kr) | 26,525 kr | - 26% | |
| Transportation | + 4% | |||
| Transportation in New York City (United States) is 4% more expensive than in Reykjavik (Iceland) | ||||
| Volkswagen golf 1.4 tsi 150 cv (or equivalent), with no extras, new | $25,834 (3,299,273 kr) | 3,672,550 kr | - 10% | |
| 1 liter (1/4 gallon) of gas | $0.81 (104 kr) | 230 kr | - 55% | |
| Monthly ticket public transport | $125 (15,917 kr) | 12,731 kr | + 25% | |
| Taxi trip on a business day, basic tariff, 8 km. (5 miles) | $22 (2,775 kr) | 3,329 kr | - 17% | |
| Personal Care | + 22% | |||
| Personal Care in New York City (United States) is 22% more expensive than in Reykjavik (Iceland) | ||||
| Cold medicine for 6 days (tylenol, frenadol, coldrex, or equivalent brands) | $9 (1,138 kr) | 1,353 kr | - 16% | |
| 1 box of antibiotics (12 doses) | $27 (3,505 kr) | 1,851 kr | + 89% | |
| Short visit to private doctor (15 minutes) | $130 (16,659 kr) | 5,686 kr | + 193% | |
| 1 box of 32 tampons (tampax, ob, ...) | $8 (1,069 kr) | 678 kr | + 58% | |
| Deodorant, roll-on (50ml ~ 1.5 oz.) | $4.29 (548 kr) | 598 kr | - 8% | |
| Hair shampoo 2-in-1 (400 ml ~ 12 oz.) | $6 (785 kr) | 1,089 kr | - 28% | |
| 4 rolls of toilet paper | $4.01 (513 kr) | 440 kr | + 17% | |
| Tube of toothpaste | $1.93 (247 kr) | 398 kr | - 38% | |
| Standard men's haircut in expat area of the city | $27 (3,434 kr) | 5,753 kr | - 40% | |
| Entertainment | + 38% | |||
| Entertainment in New York City (United States) is 38% more expensive than in Reykjavik (Iceland) | ||||
| Basic dinner out for two in neighborhood pub | $54 (6,882 kr) | 6,265 kr | + 10% | |
| 2 tickets to the movies | $33 (4,201 kr) | 3,061 kr | + 37% | |
| 2 tickets to the theater (best available seats) | $387 (49,414 kr) | 11,427 kr | + 332% | |
| Dinner for two at an italian restaurant in the expat area including appetisers, main course, wine and dessert | $114 (14,521 kr) | 11,482 kr | + 26% | |
| 1 cocktail drink in downtown club | $17 (2,123 kr) | 2,451 kr | - 13% | |
| Cappuccino in expat area of the city | $5.05 (646 kr) | 677 kr | - 5% | |
| 1 beer in neighbourhood pub (500ml or 1pt.) | $8 (997 kr) | 1,141 kr | - 13% | |
| Ipad wi-fi 128gb | $464 (59,196 kr) | 84,141 kr | - 30% | |
| 1 min. of prepaid mobile tariff (no discounts or plans) | $0.49 (62 kr) | 20 kr | + 215% | |
| 1 month of gym membership in business district | $101 (12,930 kr) | 8,633 kr | + 50% | |
| 1 package of marlboro cigarettes | $14 (1,795 kr) | 1,429 kr | + 26% | |
| TOTAL | + 19% | |||
These prices were last updated on February 25, 2020.
Exchange rate:
127.710
ISK
/
USD
This comparison is based on abundant and consistent data. It is based on 3,048 prices entered by 547 different people.
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Cost of living in New York City (United States) is 19% more expensive than in Reykjavik (Iceland)
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