RKV (Reykjavik International Airport) Latitude 61.13 N, Longitude 21.14 W, Elevation 48ft.
Reykjavik
64 9' 0" North
64 North, 22 West
That point in in southern Iceland, about 190 km east-southeast of the center of Reykjavik.
According to Google Earth, Reykjavik is at Latitude 64 degrees 9 minutes 11 seconds North and Longitude 21 degrees 49 minutes 88 seconds West.
That point is in Iceland, about 65 miles northeast of Reykjavik. Longitude is east/west. Latitude is north/south.
Reykjavik is at latitude 64°08' N. The Arctic circle is (according to Wikipedia) at approximately 66° 33′39″ (but is drifting North). A degree of latitude is approximately 110km of linear distance. So Reykjavik is less than 330km from the Arctic circle. Here is a link to a lecture on measurement of latitude, if you need more precision: http://www.csulb.edu/~rodrigue/geog140/lectures/latitude.html
Reykjavik
Youngest, you've escaped Reykjavik!
There's no city there. That point is located on the coast of Iceland, about 60 miles north of Reykjavik.
Reykjavik Reykjavik
Reykjavik is the capital of Iceland, which is located in Europe.