Chicago vs Reykjavik - Cost of Living Comparison

Updated:

Livingcost

Chicago Reykjavik
🚶 Cost of living one person
$2822
$3322
👨‍👩‍👧‍👦 Cost of living Family
$6502
$6846
🏠 One person rent
$1695
$2058
🏘️ Family rent
$2718
$3020
🍽️ Food expenses
$730
$916
🚐 Transport expenses
$192
$102
💳 Monthly salary after tax
$5026
$4546
😷 Air quality
Excellent
Excellent
✈️ Airport proximity
15 km
4 km
🎓 Higher education
100
52
😀 Quality of life
95
89
🏙️ Population
2.75M
139K

The cost of living in Chicago is 15% less expensive than in Reykjavik. Cities ranked 375th and 86th ($2822 vs $3322) in the list of the most expensive cities in the world and ranked 311th 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 22nd and 268th 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
$19.9
$28.6
🥂 Dinner in a Restaurant, for 2
$99.7
$90.8
🥪 Fast food meal, equiv. McDonald's
$13.5
$20.3
🍻 Beer in a Pub, 0.5 L or 16 fl oz
$6.93
$12.6
☕ Cappuccino
$5.6
$6.19
🥤 Pepsi / Coke, 0.5 L or 16.9 fl oz
$3.05
$3.25
Rent & Utilities
🏙️ 1 bedroom apartment in Downtown, 40 m2 or 430 ft2
$2002
$2151
🏡 Cheap 1 bedroom apartment, 40 m2 or 430 ft2
$1406
$1861
🏙️ 3 bedroom apartment in Downtown, 80 m2 or 860 ft2
$3205
$3373
🏡 Cheap 3 bedroom apartment, 80 m2 or 860 ft2
$2314
$2721
🔌 Utility Bill one person, electricity, heating, water, etc.
$101
$51.6
🔌 Utility Bill for a Family, electricity, heating, water, etc.
$157
$81.7
🌐 Internet plan, 50 Mbps+ 1 month unlimited
$68
$87.2
🏦 Mortgage Interest Rate for 20 Years
6.66%
8.79%
🏙️ Apartment price to Buy in city Center, 1 m2 or 10 ft2
$3759
$7832
🏡 House price to Buy in Suburbs, 1 m2 or 10 ft2
$2521
$6385
Transportation
🚌 Local transport ticket
$2.5
$5.51
🎟️ Monthly ticket local transport
$75.2
$87.9
🚕 Taxi Ride, 8 km or 5 mi
$14.5
$29.5
⛽ Gas / Petrol, 1 L or 0.26 gal
$0.99
$2.49
Groceries
🥛 Milk, 1 L or 1 qt
$1.24
$1.98
🍞 Bread, 0.5 kg or 1.1 lb
$4.16
$4.44
🍚 Rice, 1 kg or 2.2 lb
$5.38
$3.58
🥚 Eggs, x12
$5.59
$6.83
🧀 Cheese, 1 kg or 2.2 lb
$14.3
$19.7
🐔 Chicken Breast, 1 kg or 2.2 lb
$14.8
$26
🥩 Round Steak, 1 kg or 2.2 lb
$17.6
$44.9
🍏 Apples, 1 kg or 2.2 lb
$5.36
$3.55
🍌 Banana, 1 kg or 2.2 lb
$1.81
$2.67
🍊 Oranges, 1 kg or 2.2 lb
$3.9
$3.41
🍅 Tomato, 1 kg or 2.2 lb
$4.44
$5.8
🥔 Potato, 1 kg or 2.2 lb
$2.56
$3.52
🧅 Onion, 1 kg or 2.2 lb
$2.56
$2.2
🌊 Water, 1 L or 1 qt
$1.8
$1.27
🍹 Coca-Cola / Pepsi, 2 L or 67.6 fl oz
$3.62
$3.01
🍾 Wine (mid-priced), 750 mL bottle
$15.1
$24.2
🍺 Beer, 0.5 L or 16 fl oz
$3.03
$3.95
🚬 Cigarette pack
$16.9
$14
💊 Cold medicince, 1 week
$11.6
$12.7
🧴 Hair Shampoo
$7.06
$5.93
🧻 Toilet paper, 4 rolls
$4.23
$5.26
👄 Toothpaste, 1 tube
$2.21
$3.63
Other
🏋️ Gym Membership, 1 month
$69.5
$95.3
🎫 Cinema Ticket, 1 person
$16.7
$18.6
👩‍⚕️ Doctor's visit
$154
$93.8
💇 Haircut, simple
$33
$46.1
👖 Brand Jeans
$60.8
$144
👟 Brand Sneakers
$99.7
$176
👶 Daycare or Preschool, 1 month
$1863
$408
🏫 International Primary School, 1 year
$24172
$30361

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
$2429
14 km or 8.8 mi Berwyn
$2374
14 km or 8.9 mi Oak Park
$2432
16 km or 10 mi Elmwood Park
$2406
18 km or 11 mi Maywood
$2396
18 km or 11 mi Evanston
$2202
19 km or 12 mi Skokie
$2300
19 km or 12 mi Burbank
$2449
20 km or 12 mi Melrose Park
$2418
21 km or 13 mi Oak Lawn
$2443
22 km or 14 mi Morton Grove
$2381
22 km or 14 mi Niles
$2408
23 km or 14 mi Park Ridge
$2466
23 km or 14 mi Wilmette
$2295
25 km or 16 mi Blue Island
$2439
26 km or 16 mi Elmhurst
$2454
27 km or 17 mi Glenview
$2433
28 km or 17 mi Des Plaines
$2521
28 km or 18 mi Dolton
$2438
29 km or 18 mi Villa Park
$2475
30 km or 19 mi Harvey
$2434
30 km or 19 mi East Chicago
$1906
30 km or 19 mi Westmont
$2411
31 km or 19 mi Calumet
$2440
31 km or 20 mi South Holland
$2425
32 km or 20 mi Lombard
$2503
32 km or 20 mi Hammond
$1889
32 km or 20 mi Oak Forest
$2438
33 km or 20 mi Northbrook
$2415
33 km or 20 mi Mount Prospect
$2477
33 km or 20 mi Darien
$2434
33 km or 21 mi Elk Grove Village
$2525
34 km or 21 mi Downers Grove
$2354
35 km or 22 mi Orland Park
$2421
36 km or 22 mi Lansing
$2412
36 km or 22 mi Glen Ellyn
$2311
37 km or 23 mi Highland Park
$2398
37 km or 23 mi Munster
$1862
37 km or 23 mi Tinley Park
$2425
37 km or 23 mi Wheeling
$2434

Cities near Reykjavik

Distance City Cost of living
6.8 km or 4.2 mi Kopavogur
$3219
9.8 km or 6.1 mi Hafnarfjorur
$3212
38 km or 24 mi Keflavik
$2621
247 km or 153 mi Akureyri
$2974
795 km or 494 mi Torshavn
$2066
1204 km or 748 mi Inverness
$2053
1230 km or 764 mi Elgin
$1540
1300 km or 808 mi Derry
$1620
1309 km or 813 mi Greenock
$1645
1321 km or 821 mi Aberdeen
$1848
1325 km or 823 mi Perth
$1656
1328 km or 825 mi Stirling
$1852
1331 km or 827 mi Paisley
$1906
1333 km or 828 mi Alloa
$1862
1337 km or 831 mi Glasgow
$2121
1339 km or 832 mi Dundee
$1585
1340 km or 833 mi Omagh
$1769
1341 km or 833 mi Cumbernauld
$1652
1342 km or 834 mi Irvine
$1707
1348 km or 838 mi East Kilbride
$1902
1349 km or 838 mi Kilmarnock
$1568
1351 km or 839 mi Dunfermline
$1782
1353 km or 841 mi Hamilton
$1854
1357 km or 843 mi Ayr
$1588
1360 km or 845 mi Kirkcaldy
$1821
1365 km or 848 mi Livingston
$1784
1372 km or 852 mi Edinburgh
$2331
1382 km or 859 mi Newtownabbey
$1892
1387 km or 862 mi Belfast
$1954
1390 km or 864 mi Bangor
$1496
1391 km or 864 mi Lisburn
$1945
1401 km or 871 mi Alesund
$1980
1413 km or 878 mi Galway
$2978
1425 km or 886 mi Dundalk
$2179
1431 km or 889 mi Dumfries
$1490
1433 km or 891 mi Nuuk
$2363
1441 km or 895 mi Molde
$2135
1454 km or 903 mi Kristiansund
$1984
1455 km or 904 mi Drogheda
$2627
1455 km or 904 mi Bergen
$2409