Is Reykjavik more expensive than Tel Aviv-Yafo?

Reykjavik is 1.2% more expensive than Tel Aviv-Yafo overall. Rent is 3.1% higher, groceries 18.5% more expensive, and restaurants 9.9% more expensive.

Which city has better purchasing power, Tel Aviv-Yafo or Reykjavik?

Tel Aviv-Yafo has a purchasing power index of 103.2 while Reykjavik has 115.8 (NYC = 100). Reykjavik offers better purchasing power.

Cost of Living Comparison · 2026

🇮🇱 Tel Aviv-Yafo vs 🇮🇸 Reykjavik

2026

Reykjavik is 1.2% more expensive

Category	🇮🇱 Tel Aviv-Yafo	🇮🇸 Reykjavik	Difference
Cost of Living	104.3	105.5	+1.2%
Rent	48.8	50.3	+3.1%
Groceries	98.3	116.5	+18.5%
Restaurants	107.9	118.6	+9.9%
Purchasing Power	103.2	115.8	+12.2%

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