Question 1

How far does your money go in Reykjavik compared with the US?

Accepted Answer

Reykjavik currently looks more expensive than the baseline market on a PPP basis, so the same income buys less day to day.

Question 2

Is Reykjavik cheaper or more expensive overall than New York City?

Accepted Answer

Overall living costs are about 2% more expensive than New York City for Reykjavik.

Question 3

How does rent in Reykjavik compare with New York City?

Accepted Answer

Rent are about 52% cheaper than New York City in Reykjavik.

Question 4

How expensive are groceries and restaurants in Reykjavik?

Accepted Answer

Groceries are about 9% more expensive than New York City and restaurant prices are about 11% more expensive than New York City.

Reykjavik, Iceland

Purchasing Power vs. United States