Cost of Living Comparison Between Keflavik and Palo Alto, CA Cost of Living Comparison Between Keflavik and Palo Alto, CA

🙂 Solo nomad: Keflavik is 1.4% cheaper than Palo Alto, CA without rent, and 41.6% cheaper with rent.

🙂 Family of 3: Keflavik is 3.9% cheaper than Palo Alto, CA without rent, and 38.5% cheaper with rent.

Meal at Budget Restaurant

$24.08 ISK 3,004

$24.92 $24.92

-3.37%

Three-Course Dinner for Two, Mid-Range

$144 ISK 18K

$111 $111

29.22%

Fast Food Meal (McDonalds, etc)

$20.26 ISK 2,528

$11.34 $11.34

78.66%

Cappuccino

$4.01 ISK 500

$5.74 $5.74

-30.14%

Coke/Pepsi/Fanta/Sprite (0.33 liter bottle)

$3.14 ISK 391

$3.24 $3.24

-3.09%

Water (0.33 liter bottle)

$2.61 ISK 326

$2.54 $2.54

2.76%

Local Beer (0.5 liter draught)

$7.94 ISK 990

$8.14 $8.14

-2.46%

Imported Beer (0.33 liter bottle)

$8.01 ISK 1,000

$10.03 $10.03

-20.14%

Milk (1 liter)

$1.88 ISK 234

$1.47 $1.47

27.89%

White Bread (500g)

$4.31 ISK 537

$4.99 $4.99

-13.63%

Rice (white) (1kg)

$2.37 ISK 296

$3.19 $3.19

-25.71%

Eggs

$6.12 ISK 764

$6.16 $6.16

-0.65%

Local Cheese (1kg)

$18.3 ISK 2,283

$21.55 $21.55

-15.08%

Chicken Fillets (1kg)

$23.39 ISK 2,917

$14.78 $14.78

58.25%

Beef Round Steak (1kg)

$41.94 ISK 5,232

$22.82 $22.82

83.79%

Apples (1kg)

$2.45 ISK 306

$6.95 $6.95

-64.75%

Banana (1kg)

$2.48 ISK 309

$2.56 $2.56

-3.13%

Oranges (1kg)

$2.44 ISK 305

$4.84 $4.84

-49.59%

Tomato (1kg)

$3.94 ISK 491

$6.75 $6.75

-41.63%

Potato (1kg)

$3.15 ISK 393

$3.89 $3.89

-19.02%

Onion (1kg)

$2.06 ISK 257

$4.37 $4.37

-52.86%

Lettuce (1 head)

$3.17 ISK 396

$2.9 $2.9

9.31%

Water (1.5 liter bottle)

$1.91 ISK 239

$2.86 $2.86

-33.22%

Cigarettes 20 Pack (Marlboro, Camel)

$13.46 ISK 1,680

$11.11 $11.11

21.15%

Wine (Bottle)

$16.37 ISK 2,042

$18.33 $18.33

-10.69%

Local Beer (0.5 liter bottle)

$3.64 ISK 454

$2.27 $2.27

60.35%

Imported Beer (0.33 liter bottle)

$2.77 ISK 346

$3.35 $3.35

-17.31%

One-way Ticket (Public Transport)

$3.7 ISK 461

$2.55 $2.55

45.10%

Public Transport Monthly Pass (Regular Price)

$74.4 ISK 9,282

$89.6 $89.6

-16.95%

Taxi Start (Normal Tariff)

$6.28 ISK 783

$4.11 $4.11

52.80%

Taxi (Normal Tariff) (1km)

$2.36 ISK 294

$1.89 $1.89

24.87%

Taxi 1hour Waiting (Normal Tariff)

$87.6 ISK 10.9K

$30.51 $30.51

187.18%

Gasoline (1 liter)

$2.48 ISK 310

$1.27 $1.27

95.28%

Midsize Hatchback 1.4l (Volkswagen Golf, Toyota Prius, Honda Civic, etc)

$47.5K ISK 5.9M

$29.7K $29.7K

60.16%

Compact Sedan 1.6l (Toyota Corolla, Mazda3, Kia K4, Hyundai Elantra, etc)

$52.5K ISK 6.6M

$26.6K $26.6K

97.52%

Utilities for 2 People in 2-bedroom Apartment (Heating, Electricity, Gas, Water, Garbage) (85m2)

$86.6 ISK 10.8K

$225 $225

-61.46%

SIM Card Monthly Plan (Calls and 10GB+ Data)

$27.89 ISK 3,479

$47.97 $47.97

-41.86%

Internet (50+ Mbps, Unlimited Data)

$84.8 ISK 10.6K

$68.6 $68.6

23.67%

Gym Membership (Monthly)

$120 $120

Tennis Court (1 Hour on Weekend)

$19.88 $19.88

Cinema Ticket

$17.59 ISK 2,194

$15.78 $15.78

11.47%

Preschool or Kindergarten, Full Day, Private, 1 Child (Monthly)

$326 ISK 40.7K

$2,710 $2,710

-87.96%

International Primary School, 1 Child (Yearly)

$29.7K ISK 3.7M

$45.7K $45.7K

-34.91%

Jeans (Levis 501 Or Similar)

$138 ISK 17.2K

$53.2 $53.2

159.17%

Summer Dress (H&M, Zara, etc)

$61.2 ISK 7,638

$44.76 $44.76

36.77%

Sport Shoes (Adidas, Nike)

$186 ISK 23.2K

$89.3 $89.3

107.93%

Men's Leather Business Shoes

$184 ISK 22.9K

$135 $135

35.78%

1-bedroom Apartment, City Center (Monthly)

$1,854 ISK 231.3K

$3,473 $3,473

-46.61%

1-bedroom Apartment, Outside City Center (Monthly)

$1,347 ISK 168.1K

$3,227 $3,227

-58.25%

3-bedroom Apartment, City Center (Monthly)

$2,480 ISK 309.4K

$5,889 $5,889

-57.88%

3-bedroom Apartment, Outside City Center (Monthly)

$1,978 ISK 246.7K

$5,757 $5,757

-65.65%

Buy Apartment in City Center (m2)

$2,539 $2,539

Buy Apartment Outside City Center (m2)

$2,123 $2,123

Average Monthly Net Salary (After Tax)

$3,802 ISK 474.4K

$10K $10K

-61.99%

20-Year Fixed Mortgage Interest Rate (Annual %)

9.63

6.51

47.93%

Citycost data is based on AI and user input – minor inaccuracies may occur.

Last update for Keflavik: October 28, 2025

Last update for Palo Alto, CA: October 28, 2025

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