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Money magazine
Insurer of the
Year 2017-21

prices shown in
New York vs Reykjavik
Nyc vs Rkv

Average net salary (After tax)

Reykjavik
New York

Housing

  • Rent apartment
  • Buy apartment

Rent 1 bedroom apartment

Cost per month

In city centre
Rkv
Nyc
Outside city centre
Rkv
Nyc

Rent 3 bedroom apartment

Cost per month

In city centre
Rkv
Nyc
Outside city centre
Rkv
Nyc

Buy apartment

Price per m2

In city centre
Rkv
Nyc
Outside city centre
Rkv
Nyc

Mortgage rates

Reykjavik
4.5%
New York
5.5%
Compare our
home insurance prices

Utilities

  • Basic Utilities
  • Internet & Phone

Basic utilities

Electricity, heating, water, Garbage for a 85m2 Apartment

Reykjavik
New York

Internet

60 Mbps or more, unlimited data, Cable/ADSL

Rkv
Nyc

Mobile phone data

One-minute local prepaid call (no plan or discount)

Rkv
Nyc

Transport

  • Public Transport
  • Car

One-way ticket

Local transport

Rkv
Nyc

Monthly pass

Regular price

Rkv
Nyc

Fuel prices

Per Litre

Reykjavik
New York

Buying a new car

Volkswagen Golf 1.4 90KW Trendline (Or equivalent)

Rkv
Nyc
Compare our
car insurance prices

Groceries

  • Staples
  • Meat
  • Produce
  • Cigarettes

Staples

Milk 1L
Rkv
Nyc
White bread 500g
Rkv
Nyc
Eggs 12
Rkv
Nyc
White rice 1kg
Rkv
Nyc

Pack of cigarettes

(Marlboro)

Reykjavik
New York

Meat & cheese

Chicken breasts 1kg
Rkv
Nyc
Beef round 1kg
Rkv
Nyc
Local cheese 1kg
Rkv
Nyc

Vegetables

Potatoes 1kg
Rkv
Nyc
Lettuce 1 head
Rkv
Nyc
Tomatoes 1kg
Rkv
Nyc

Fruit

Apples 1kg
Rkv
Nyc
Oranges 1 head
Rkv
Nyc
Bananas 1kg
Rkv
Nyc

Eating Out

  • Food
  • Drinks

Meal for two

Inexpensive restaurant 2 meals
Rkv $4,070.74/mth
Nyc $4,070.74/mth
Mid-range restaurant Three-course meal for two people
Rkv $4,070.74/mth
Nyc $4,070.74/mth

Mcdonalds McMeal

Or equivalent combo meal

Reykjavik
4.5%
New York
5.5%

Restaurant Prices in Reykjavik are 17.14% higher than in New York

Drinks

Coke/Pepsi 0.33L
bottle
Rkv $4,070.74/mth
Nyc $4,070.74/mth
Water 0.33L
bottle
Rkv $4,070.74/mth
Nyc $4,070.74/mth
Cappuccino regular
Rkv $4,070.74/mth
Nyc $4,070.74/mth

Alcohol

  • Beer
  • Wine

Domestic beer

Restaurant 0.5L draught
Rkv
Nyc
Market 0.5L bottle
Rkv
Nyc

Imported beer

Restaurant 0.33L bottle
Rkv
Nyc
Market 0.33L bottle
Rkv
Nyc

Bottle of wine

Mid-range, from supermarket

Reykjavik
5
New York

Clothing

  • Clothing
  • Shoes

Pair of jeans

Levis 501 or similar

Rkv
Nyc

Summer dress

From a chain store (e.g. Zara, H&M)

Rkv
Nyc

Shoes

1 pair Nike shoes
Rkv
Nyc
1 pair men's leather shoes
Rkv
Nyc

Leisure

  • Cinema
  • Sports

Cinema

One ticket for an international release

Reykjavik
$15.33
New York
$11.43

Tennis court rental

One hour on weekend

Rkv $4,070.74/mth
Nyc $4,070.74/mth

Fitness club

Monthly fee for one adult

Rkv $4,070.74/mth
Nyc $4,070.74/mth