Is Reykjavik more expensive than New York?

Reykjavik is 0.6% more expensive than New York overall. Rent is 51.0% lower, groceries 9.0% more expensive, and restaurants 11.8% more expensive.

Which city has better purchasing power, New York or Reykjavik?

New York has a purchasing power index of 100.0 while Reykjavik has 108.0 (NYC = 100). Reykjavik offers better purchasing power.

Cost of Living Comparison · 2026

🇺🇸 New York vs 🇮🇸 Reykjavik

2026

Reykjavik is 0.6% more expensive

Category	🇺🇸 New York	🇮🇸 Reykjavik	Difference
Cost of Living	100.0	100.6	+0.6%
Rent	100.0	49.0	-51.0%
Groceries	100.0	109.0	+9.0%
Restaurants	100.0	111.8	+11.8%
Purchasing Power	100.0	108.0	+8.0%

Data verified Q1 2026 · Source: Numbeo cost-of-living indices (NYC = 100 baseline) · Indices reflect relative costs; absolute prices vary by neighbourhood.

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🇺🇸 Cost of Living in New York

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