Is New York more expensive than Reykjavik?

New York is 0.6% cheaper than Reykjavik overall. Rent is 104.1% higher, groceries 8.3% cheaper, and restaurants 10.6% cheaper.

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

Reykjavik has a purchasing power index of 108.0 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 0.6% cheaper

Category	🇮🇸 Reykjavik	🇺🇸 New York	Difference
Cost of Living	100.6	100.0	-0.6%
Rent	49.0	100.0	+104.1%
Groceries	109.0	100.0	-8.3%
Restaurants	111.8	100.0	-10.6%
Purchasing Power	108.0	100.0	-7.4%

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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