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Money magazine
Insurer of the
Year 2017-21

prices shown in
Reykjavik vs New York
Rkv vs Nyc

Average net salary (After tax)

New York
Reykjavik

Housing

  • Rent apartment
  • Buy apartment

Rent 1 bedroom apartment

Cost per month

In city centre
Nyc
Rkv
Outside city centre
Nyc
Rkv

Rent 3 bedroom apartment

Cost per month

In city centre
Nyc
Rkv
Outside city centre
Nyc
Rkv

Buy apartment

Price per m2

In city centre
Nyc
Rkv
Outside city centre
Nyc
Rkv

Mortgage rates

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

Utilities

  • Basic Utilities
  • Internet & Phone

Basic utilities

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

New York
Reykjavik

Internet

60 Mbps or more, unlimited data, Cable/ADSL

Nyc
Rkv

Mobile phone data

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

Nyc
Rkv

Transport

  • Public Transport
  • Car

One-way ticket

Local transport

Nyc
Rkv

Monthly pass

Regular price

Nyc
Rkv

Fuel prices

Per Litre

New York
Reykjavik

Buying a new car

Volkswagen Golf 1.4 90KW Trendline (Or equivalent)

Nyc
Rkv
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car insurance prices

Groceries

  • Staples
  • Meat
  • Produce
  • Cigarettes

Staples

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

Pack of cigarettes

(Marlboro)

New York
Reykjavik

Meat & cheese

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

Vegetables

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

Fruit

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

Eating Out

  • Food
  • Drinks

Meal for two

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

Mcdonalds McMeal

Or equivalent combo meal

New York
4.5%
Reykjavik
5.5%

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

Drinks

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

Alcohol

  • Beer
  • Wine

Domestic beer

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

Imported beer

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

Bottle of wine

Mid-range, from supermarket

New York
5
Reykjavik

Clothing

  • Clothing
  • Shoes

Pair of jeans

Levis 501 or similar

Nyc
Rkv

Summer dress

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

Nyc
Rkv

Shoes

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

Leisure

  • Cinema
  • Sports

Cinema

One ticket for an international release

New York
$15.33
Reykjavik
$11.43

Tennis court rental

One hour on weekend

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

Fitness club

Monthly fee for one adult

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