Cost of living comparison
Iceland is 20.7% cheaper than Cayman Islands overall.
- Restaurants
-
pay 13.0% less in Iceland
- Groceries
-
pay 36.0% less in Iceland
- Transportation
-
pay 28.2% more in Iceland
- Housing
-
pay 43.2% less in Iceland
- Childcare
-
pay 79.3% less in Iceland
- Entertainment and Sports
-
pay 18.3% less in Iceland
- Clothing
-
pay 17.0% more in Iceland
The cost of transportation and clothing in Iceland are more expensive than in Cayman Islands. Expenses including childcare, housing, groceries, entertainment and sports, and restaurants are lower in Iceland.
If you lived in Iceland instead of Cayman Islands, you would:
pay 13.0% less for restaurants
|
Cayman Islands
|
Iceland
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$25.60
KYD21.32
|
$19.40
ISK2,475
|
|
|
Fast food combo meal
McDonalds, or similar
|
$13.32
KYD11.10
|
$16.94
ISK2,162
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$3.73
KYD3.11
|
$2.81
ISK359
|
|
| Bottle of water (11 fl. oz) |
$2.91
KYD2.42
|
$2.02
ISK258
|
|
pay 36.0% less for groceries
|
Cayman Islands
|
Iceland
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$4.97
KYD4.14
|
$2.95
ISK377
|
|
| Local cheese (8 oz) |
$6.42
KYD5.35
|
$7.27
ISK927
|
|
| Milk (1 gallon) |
$10.93
KYD9.11
|
$6.01
ISK766
|
|
|
Eggs
1 dozen
|
$7.59
KYD6.32
|
$5.42
ISK692
|
|
| Boneless chicken breast (1 lb) |
$5.68
KYD4.73
|
$8.51
ISK1,086
|
|
| Apples (1 lb) |
$4.21
KYD3.50
|
$1.22
ISK156
|
|
| Bananas (1 lb) |
$2.08
KYD1.73
|
$1.03
ISK131
|
|
| Oranges (1 lb) |
$3.17
KYD2.64
|
$1.17
ISK149
|
|
| Tomatoes (1 lb) |
$3.42
KYD2.85
|
$1.87
ISK239
|
|
| Potatoes (1 lb) |
$2.38
KYD1.98
|
$1.23
ISK158
|
|
| Onions (1 lb) |
$2.38
KYD1.98
|
$0.78
ISK100
|
|
pay 28.2% more for transportation
|
Cayman Islands
|
Iceland
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$6.65
KYD5.54
|
$8.36
ISK1,067
|
|
| Monthly public transit pass |
$29.82
KYD24.84
|
$71.28
ISK9,096
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$35,788.85
KYD29,808.28
|
$40,660.66
ISK5,188,707
|
|
| Taxi trip in downtown area (5 miles) |
$63.62
KYD52.99
|
$22.04
ISK2,812
|
|
pay 43.2% less for housing
|
Cayman Islands
|
Iceland
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$111.35
KYD92.74
|
$72.17
ISK9,210
|
|
| 1-Bedroom apartment in downtown area |
$2,726.77
KYD2,271.11
|
$1,838.04
ISK234,552
|
|
| 1-Bedroom apartment outside city center |
$1,977.92
KYD1,647.39
|
$1,497.77
ISK191,130
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$302.47
KYD251.92
|
$58.01
ISK7,403
|
|
pay 79.3% less for childcare
|
Cayman Islands
|
Iceland
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$1,465.64
KYD1,220.72
|
$258.16
ISK32,944
|
|
| Middle school for 1 child, two semesters |
$25,139.68
KYD20,938.66
|
$5,993.99
ISK764,894
|
|
pay 18.3% less for entertainment and sports
|
Cayman Islands
|
Iceland
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$7.56
KYD6.29
|
$9.19
ISK1,172
|
|
| Cappuccino in mid-range area |
$6.41
KYD5.34
|
$4.65
ISK593
|
|
|
Pack of cigarettes
Marlboro or similar
|
$13.12
KYD10.93
|
$11.76
ISK1,500
|
|
| Monthly membership at local gym |
$138.18
KYD115.09
|
$61.46
ISK7,843
|
|
| Movie ticket to theater/cinema |
$17.89
KYD14.90
|
$14.35
ISK1,831
|
|
pay 17.0% more for clothing
|
Cayman Islands
|
Iceland
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$89.47
KYD74.52
|
$111.23
ISK14,194
|
|
|
Regular dress
from H&M or similar store
|
$70.09
KYD58.37
|
$59.69
ISK7,617
|
|
|
Running shoes
Nike or Adidas
|
$119.30
KYD99.36
|
$148.00
ISK18,886
|
|
| Men's business shoes (leather) |
$137.19
KYD114.27
|
$184.49
ISK23,543
|
|
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