Is New York more expensive than Reykjavik?

New York is 1.3% more expensive than Reykjavik overall. Rent is 111.4% higher, groceries 5.7% cheaper, and restaurants 7.0% cheaper.

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

Reykjavik has a purchasing power index of 113.5 while New York has 100.0 (NYC = 100). Reykjavik offers better purchasing power.

Cost of Living Comparison · 2026

🇮🇸 Reykjavik vs 🇺🇸 New York

2026

New York is 1.3% more expensive

Category	🇮🇸 Reykjavik	🇺🇸 New York	Difference
Cost of Living	98.7	100.0	+1.3%
Rent	47.3	100.0	+111.4%
Groceries	106.1	100.0	-5.7%
Restaurants	107.5	100.0	-7.0%
Purchasing Power	113.5	100.0	-11.9%

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

Add your salary for a personalized comparison

See exact tax differences, net income, and savings potential.

60k Salary 80k Salary 100k Salary

Explore

🇮🇸 Cost of Living in Reykjavik

Explore

🇺🇸 Cost of Living in New York

Explore

🇮🇸 Should I Move to Reykjavik?

Explore

🇺🇸 Should I Move to New York?

Tax Calculators

See detailed income tax brackets and net salary calculations for Reykjavik and New York.

🇮🇸 Iceland Tax Calculator

Income tax rates, brackets & net salary