Chicago vs Reykjavik - Cost of Living Comparison

Updated:

Livingcost

Chicago Reykjavik
🚶 Cost of living one person
$2851
$3205
👨‍👩‍👧‍👦 Cost of living Family
$6527
$6762
🏠 One person rent
$1714
$1954
🏘️ Family rent
$2737
$2956
🍽️ Food expenses
$704
$904
🚐 Transport expenses
$212
$100
💳 Monthly salary after tax
$5090
$4423
😷 Air quality
Excellent
Excellent
✈️ Airport proximity
15 km
4 km
🎓 Higher education
100
53
😀 Quality of life
95
88
🏙️ Population
2.75M
139K

The cost of living in Chicago is 11% less expensive than in Reykjavik. Cities ranked 358th and 119th ($2851 vs $3205) in the list of the most expensive cities in the world and ranked 300th and 1st in the United States and Iceland, respectively. Check the United States vs Iceland comparison.

The average after-tax salary is enough to cover living expenses for 1.8 months in Chicago compared to 1.4 months in Reykjavik. Chicago ranked 3rd best city to live in the United States vs Reykjavik ranked 1st in Iceland, while ranked 18th and 258th among best cities to live in the world.

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Prices in Chicago vs Reykjavik

Prices for goods and services in Chicago and Reykjavik are partly crowdsourced by our visitors, just like yourself. Please consider telling us about your city.

Chicago Reykjavik
Eating Out
🍱 Lunch Menu
$19.6
$28.3
🥂 Dinner in a Restaurant, for 2
$84.3
$97.9
🥪 Fast food meal, equiv. McDonald's
$12.7
$20
🍻 Beer in a Pub, 0.5 L or 16 fl oz
$7.35
$13.4
☕ Cappuccino
$6.06
$6.5
🥤 Pepsi / Coke, 0.5 L or 16.9 fl oz
$2.85
$3.26
Rent & Utilities
🏙️ 1 bedroom apartment in Downtown, 40 m2 or 430 ft2
$2011
$2129
🏡 Cheap 1 bedroom apartment, 40 m2 or 430 ft2
$1414
$1743
🏙️ 3 bedroom apartment in Downtown, 80 m2 or 860 ft2
$3203
$3328
🏡 Cheap 3 bedroom apartment, 80 m2 or 860 ft2
$2316
$2660
🔌 Utility Bill one person, electricity, heating, water, etc.
$117
$52.2
🔌 Utility Bill for a Family, electricity, heating, water, etc.
$180
$80.3
🌐 Internet plan, 50 Mbps+ 1 month unlimited
$63.3
$82
🏦 Mortgage Interest Rate for 20 Years
6.32%
8.69%
🏙️ Apartment price to Buy in city Center, 1 m2 or 10 ft2
$3899
$7748
🏡 House price to Buy in Suburbs, 1 m2 or 10 ft2
$2568
$6175
Transportation
🚌 Local transport ticket
$2.51
$5.38
🎟️ Monthly ticket local transport
$82.6
$90.3
🚕 Taxi Ride, 8 km or 5 mi
$16.5
$28.9
⛽ Gas / Petrol, 1 L or 0.26 gal
$1.12
$2.12
Groceries
🥛 Milk, 1 L or 1 qt
$1.2
$2.04
🍞 Bread, 0.5 kg or 1.1 lb
$3.67
$4.21
🍚 Rice, 1 kg or 2.2 lb
$4.62
$3.46
🥚 Eggs, x12
$5.11
$6.99
🧀 Cheese, 1 kg or 2.2 lb
$14.2
$20.2
🐔 Chicken Breast, 1 kg or 2.2 lb
$14.5
$24.8
🥩 Round Steak, 1 kg or 2.2 lb
$19.1
$44.1
🍏 Apples, 1 kg or 2.2 lb
$4.78
$3.41
🍌 Banana, 1 kg or 2.2 lb
$1.86
$2.66
🍊 Oranges, 1 kg or 2.2 lb
$3.96
$3.17
🍅 Tomato, 1 kg or 2.2 lb
$5.01
$5.99
🥔 Potato, 1 kg or 2.2 lb
$2.39
$3.65
🧅 Onion, 1 kg or 2.2 lb
$2.63
$1.89
🌊 Water, 1 L or 1 qt
$1.79
$1.16
🍹 Coca-Cola / Pepsi, 2 L or 67.6 fl oz
$3.71
$3
🍾 Wine (mid-priced), 750 mL bottle
$16
$23.2
🍺 Beer, 0.5 L or 16 fl oz
$3.02
$3.72
🚬 Cigarette pack
$17.4
$13.5
💊 Cold medicince, 1 week
$11.6
$11.6
🧴 Hair Shampoo
$7.05
$5.76
🧻 Toilet paper, 4 rolls
$4.22
$5.18
👄 Toothpaste, 1 tube
$2.31
$3.63
Other
🏋️ Gym Membership, 1 month
$74.6
$90.3
🎫 Cinema Ticket, 1 person
$17
$19.2
👩‍⚕️ Doctor's visit
$177
$92.8
💇 Haircut, simple
$32.8
$47.2
👖 Brand Jeans
$62.9
$146
👟 Brand Sneakers
$105
$178
👶 Daycare or Preschool, 1 month
$1582
$472
🏫 International Primary School, 1 year
$27880
$30029

Cost of living in other countries

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Cost of Living in the nearest cities

Cities near Chicago

Distance City Cost of living
11 km or 7 mi Cicero
$2444
14 km or 8.8 mi Berwyn
$2399
14 km or 8.9 mi Oak Park
$2440
16 km or 10 mi Elmwood Park
$2425
18 km or 11 mi Maywood
$2423
18 km or 11 mi Evanston
$2232
19 km or 12 mi Skokie
$2309
19 km or 12 mi Burbank
$2454
20 km or 12 mi Melrose Park
$2430
21 km or 13 mi Oak Lawn
$2463
22 km or 14 mi Morton Grove
$2376
22 km or 14 mi Niles
$2394
23 km or 14 mi Park Ridge
$2461
23 km or 14 mi Wilmette
$2323
25 km or 16 mi Blue Island
$2444
26 km or 16 mi Elmhurst
$2483
27 km or 17 mi Glenview
$2436
28 km or 17 mi Des Plaines
$2569
28 km or 18 mi Dolton
$2436
29 km or 18 mi Villa Park
$2508
30 km or 19 mi Harvey
$2425
30 km or 19 mi East Chicago
$1751
30 km or 19 mi Westmont
$2440
31 km or 19 mi Calumet
$2443
31 km or 20 mi South Holland
$2439
32 km or 20 mi Lombard
$2580
32 km or 20 mi Hammond
$1761
32 km or 20 mi Oak Forest
$2429
33 km or 20 mi Northbrook
$2400
33 km or 20 mi Mount Prospect
$2508
33 km or 20 mi Darien
$2463
33 km or 21 mi Elk Grove Village
$2543
34 km or 21 mi Downers Grove
$2418
35 km or 22 mi Orland Park
$2438
36 km or 22 mi Lansing
$2425
36 km or 22 mi Glen Ellyn
$2406
37 km or 23 mi Highland Park
$2418
37 km or 23 mi Munster
$1784
37 km or 23 mi Tinley Park
$2423
37 km or 23 mi Wheeling
$2453

Cities near Reykjavik

Distance City Cost of living
6.8 km or 4.2 mi Kopavogur
$3092
9.8 km or 6.1 mi Hafnarfjorur
$3106
38 km or 24 mi Keflavik
$2581
247 km or 153 mi Akureyri
$2921
795 km or 494 mi Torshavn
$2017
1204 km or 748 mi Inverness
$2005
1230 km or 764 mi Elgin
$1523
1300 km or 808 mi Derry
$1646
1309 km or 813 mi Greenock
$1647
1321 km or 821 mi Aberdeen
$1806
1325 km or 823 mi Perth
$1640
1328 km or 825 mi Stirling
$1835
1331 km or 827 mi Paisley
$1885
1333 km or 828 mi Alloa
$1842
1337 km or 831 mi Glasgow
$2114
1339 km or 832 mi Dundee
$1593
1340 km or 833 mi Omagh
$1763
1341 km or 833 mi Cumbernauld
$1611
1342 km or 834 mi Irvine
$1704
1348 km or 838 mi East Kilbride
$1878
1349 km or 838 mi Kilmarnock
$1600
1351 km or 839 mi Dunfermline
$1750
1353 km or 841 mi Hamilton
$1831
1357 km or 843 mi Ayr
$1586
1360 km or 845 mi Kirkcaldy
$1794
1365 km or 848 mi Livingston
$1760
1372 km or 852 mi Edinburgh
$2295
1382 km or 859 mi Newtownabbey
$1820
1387 km or 862 mi Belfast
$1878
1390 km or 864 mi Bangor
$1485
1391 km or 864 mi Lisburn
$1923
1401 km or 871 mi Alesund
$2021
1413 km or 878 mi Galway
$3003
1425 km or 886 mi Dundalk
$2264
1431 km or 889 mi Dumfries
$1456
1433 km or 891 mi Nuuk
$2508
1441 km or 895 mi Molde
$2101
1454 km or 903 mi Kristiansund
$1944
1455 km or 904 mi Drogheda
$2518
1455 km or 904 mi Bergen
$2336