Raleigh vs Reykjavik - Cost of Living Comparison

Updated:

Livingcost

Raleigh Reykjavik
🚶 Cost of living one person
$2477
$2915
👨‍👩‍👧‍👦 Cost of living Family
$5984
$5968
🏠 One person rent
$1542
$1781
🏘️ Family rent
$2792
$2749
🍽️ Food expenses
$647
$832
🚐 Transport expenses
$98.6
$88.7
💳 Monthly salary after tax
$4931
$3918
😷 Air quality
Good
Excellent
✈️ Airport proximity
14 km
4 km
🎓 Higher education
82
53
😀 Quality of life
89
89
🏙️ Population
468K
140K

The cost of living in Raleigh is 15% less expensive than in Reykjavik. Cities ranked 806th and 204th ($2477 vs $2915) in the list of the most expensive cities in the world and ranked 719th 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 2 months in Raleigh compared to 1.3 months in Reykjavik. Raleigh ranked 49th best city to live in the United States vs Reykjavik ranked 1st in Iceland, while ranked 202nd and 189th among best cities to live in the world.

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Cost of living in Raleigh vs Reykjavik infographic

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Prices in Raleigh vs Reykjavik

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

Raleigh Reykjavik
Eating Out
🍱 Lunch Menu
$18
$22
🥂 Dinner in a Restaurant, for 2
$77.6
$125
🥪 Fast food meal, equiv. McDonald's
$10.4
$18.5
🍻 Beer in a Pub, 0.5 L or 16 fl oz
$6.03
$11.1
 Cappuccino
$5.49
$5.35
🥤 Pepsi / Coke, 0.5 L or 16.9 fl oz
$2.95
$3.27
Rent & Utilities
🏙️ 1 bedroom apartment in Downtown, 40 m2 or 430 ft2
$1570
$1809
🏡 Cheap 1 bedroom apartment, 40 m2 or 430 ft2
$1231
$1626
🏙️ 3 bedroom apartment in Downtown, 80 m2 or 860 ft2
$2956
$2822
🏡 Cheap 3 bedroom apartment, 80 m2 or 860 ft2
$2331
$2552
🔌 Utility Bill one person, electricity, heating, water, etc.
$166
$44.2
🔌 Utility Bill for a Family, electricity, heating, water, etc.
$258
$68.4
🌐 Internet plan, 50 Mbps+ 1 month unlimited
$77.4
$74.1
🏦 Mortgage Interest Rate for 20 Years
6.54%
8.55%
🏙️ Apartment price to Buy in city Center, 1 m2 or 10 ft2
$7431
$6498
🏡 House price to Buy in Suburbs, 1 m2 or 10 ft2
$3484
$5311
Transportation
🚌 Local transport ticket
$2.25
$4.63
🎟️ Monthly ticket local transport
$61.2
$77.2
🚕 Taxi Ride, 8 km or 5 mi
$15.1
$24.8
 Gas / Petrol, 1 L or 0.26 gal
$0.88
$2.29
Groceries
🥛 Milk, 1 L or 1 qt
$0.99
$1.72
🍞 Bread, 0.5 kg or 1.1 lb
$4.08
$3.66
🍚 Rice, 1 kg or 2.2 lb
$4.41
$3.25
🥚 Eggs, x12
$3.78
$5.9
🧀 Cheese, 1 kg or 2.2 lb
$12.9
$16
🐔 Chicken Breast, 1 kg or 2.2 lb
$11.7
$21.4
🥩 Round Steak, 1 kg or 2.2 lb
$18.6
$37.6
🍏 Apples, 1 kg or 2.2 lb
$5.67
$3.07
🍌 Banana, 1 kg or 2.2 lb
$1.71
$2.29
🍊 Oranges, 1 kg or 2.2 lb
$5.94
$2.72
🍅 Tomato, 1 kg or 2.2 lb
$5.28
$4.99
🥔 Potato, 1 kg or 2.2 lb
$2.67
$3.21
🧅 Onion, 1 kg or 2.2 lb
$2.98
$2.16
🌊 Water, 1 L or 1 qt
$1.69
$1.37
🍹 Coca-Cola / Pepsi, 2 L or 67.6 fl oz
$2.39
$2.74
🍾 Wine (mid-priced), 750 mL bottle
$15.1
$22
🍺 Beer, 0.5 L or 16 fl oz
$2.76
$3.27
🚬 Cigarette pack
$7.71
$12.2
💊 Cold medicince, 1 week
$10.3
$11.6
🧴 Hair Shampoo
$3.96
$5.36
🧻 Toilet paper, 4 rolls
$4.23
$4.68
👄 Toothpaste, 1 tube
$2.56
$3.32
Other
🏋️ Gym Membership, 1 month
$42.4
$71.8
🎫 Cinema Ticket, 1 person
$14.2
$15.1
👩‍⚕️ Doctor's visit
$158
$84.7
💇 Haircut, simple
$23.2
$47.4
👖 Brand Jeans
$60.2
$112
👟 Brand Sneakers
$107
$155
👶 Daycare or Preschool, 1 month
$1530
$254
🏫 International Primary School, 1 year
$22229
$6167

Cost of living in other countries

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Cost of Living in the nearest cities

Cities near Raleigh

Distance City Cost of living
12 km or 7.6 mi Garner
$2278
15 km or 9.1 mi Cary
$2383
17 km or 10 mi Morrisville
$1859
21 km or 13 mi Wake Forest
$2228
21 km or 13 mi Apex
$2217
25 km or 16 mi Holly Springs
$2137
28 km or 18 mi Fuquay-Varina
$2158
30 km or 19 mi Durham
$2146
38 km or 23 mi Chapel Hill
$2212
60 km or 37 mi Henderson
$2141
61 km or 38 mi Sanford
$2105
65 km or 41 mi Wilson
$2057
77 km or 48 mi Rocky Mount
$2043
77 km or 48 mi Goldsboro
$1697
78 km or 49 mi Burlington
$2122
87 km or 54 mi Fayetteville
$2054
106 km or 66 mi Asheboro
$2110
109 km or 68 mi Danville
$1791
110 km or 68 mi Greensboro
$2012
114 km or 71 mi Roanoke Rapids
$2099
114 km or 71 mi Kinston
$2060
117 km or 73 mi Greenville
$2026
123 km or 76 mi High Point
$2110
129 km or 80 mi Thomasville
$2094
133 km or 83 mi Kernersville
$2162
137 km or 85 mi Lumberton
$2076
141 km or 87 mi Rockingham
$2105
149 km or 92 mi Winston-Salem
$1882
163 km or 101 mi Jacksonville
$1972
165 km or 103 mi New Bern
$1917
166 km or 103 mi Salisbury
$2081
182 km or 113 mi Kannapolis
$2119
182 km or 113 mi Lynchburg
$1705
183 km or 114 mi Concord
$2146
189 km or 117 mi Havelock
$2022
190 km or 118 mi Wilmington
$2135
191 km or 119 mi Petersburg
$2299
196 km or 122 mi Monroe
$2194
196 km or 122 mi Mint Hill
$2288
198 km or 123 mi Roanoke
$1753

Cities near Reykjavik

Distance City Cost of living
6.8 km or 4.2 mi Kopavogur
$2371
9.8 km or 6.1 mi Hafnarfjorur
$2602
38 km or 24 mi Keflavik
$2091
247 km or 153 mi Akureyri
$2300
795 km or 494 mi Torshavn
$1913
1204 km or 748 mi Inverness
$1830
1230 km or 764 mi Elgin
$1459
1300 km or 808 mi Derry
$1491
1309 km or 813 mi Greenock
$1599
1321 km or 821 mi Aberdeen
$1701
1325 km or 823 mi Perth
$1647
1328 km or 825 mi Stirling
$1625
1331 km or 827 mi Paisley
$1793
1333 km or 828 mi Alloa
$1710
1337 km or 831 mi Glasgow
$2013
1339 km or 832 mi Dundee
$1545
1340 km or 833 mi Omagh
$1650
1341 km or 833 mi Cumbernauld
$1767
1342 km or 834 mi Irvine
$1573
1348 km or 838 mi East Kilbride
$1818
1349 km or 838 mi Kilmarnock
$1470
1351 km or 839 mi Dunfermline
$1724
1353 km or 841 mi Hamilton
$1793
1357 km or 843 mi Ayr
$1420
1360 km or 845 mi Kirkcaldy
$1704
1365 km or 848 mi Livingston
$1744
1372 km or 852 mi Edinburgh
$2246
1382 km or 859 mi Newtownabbey
$1767
1387 km or 862 mi Belfast
$1830
1390 km or 864 mi Bangor
$1467
1391 km or 864 mi Lisburn
$1805
1401 km or 871 mi Alesund
$1657
1413 km or 878 mi Galway
$2427
1425 km or 886 mi Dundalk
$1930
1431 km or 889 mi Dumfries
$1390
1433 km or 891 mi Nuuk
$2125
1441 km or 895 mi Molde
$1969
1454 km or 903 mi Kristiansund
$1752
1455 km or 904 mi Drogheda
$2492
1455 km or 904 mi Bergen
$2161