Cost of living comparison

Cayman Islands

compared to

Reykjavik, Iceland

Reykjavik vs. Cayman Islands Cost of Living Summary

Reykjavik is 16.4% cheaper than Cayman Islands overall.

Restaurants: pay 6.7% less in Reykjavik
Groceries: pay 29.2% less in Reykjavik
Transportation: pay 33.9% more in Reykjavik
Housing: pay 39.0% less in Reykjavik
Childcare: pay 79.5% less in Reykjavik
Entertainment and Sports: pay 9.5% less in Reykjavik
Clothing: pay 15.4% more in Reykjavik

The cost of transportation and clothing in Reykjavik are more expensive than in Cayman Islands. Expenses including childcare, housing, groceries, entertainment and sports, and restaurants are lower in Reykjavik.

Reykjavik vs. Cayman Islands Cost Breakdown

If you lived in Reykjavik instead of Cayman Islands, you would:

Display currency: USD

pay 6.7% less for restaurants

	Cayman Islands	Reykjavik
Basic meal with drink at inexpensive restaurant	$25.60 KYD21.32	$20.00 ISK2,545	-21.9%
Fast food combo meal McDonalds, or similar	$13.32 KYD11.10	$18.02 ISK2,293	+35.3%
Bottle of Coca-Cola (11 fl. oz)	$3.73 KYD3.10	$3.15 ISK401	-15.4%
Bottle of water (11 fl. oz)	$2.91 KYD2.42	$2.19 ISK278	-24.8%
Average			-6.7%

Cayman Islands vs. Reykjavik - Cost of restaurants

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pay 29.2% less for groceries

	Cayman Islands	Reykjavik
Bread 1 loaf	$4.97 KYD4.14	$3.61 ISK459	-27.4%
Local cheese (8 oz)	$6.42 KYD5.35	$7.76 ISK987	+20.8%
Milk (1 gallon)	$10.93 KYD9.11	$6.40 ISK815	-41.4%
Eggs 1 dozen	$7.59 KYD6.32	$5.76 ISK733	-24.2%
Boneless chicken breast (1 lb)	$5.68 KYD4.73	$9.45 ISK1,202	+66.5%
Apples (1 lb)	$4.21 KYD3.50	$1.40 ISK178	-66.7%
Bananas (1 lb)	$2.08 KYD1.73	$1.01 ISK128	-51.5%
Oranges (1 lb)	$3.17 KYD2.64	$1.22 ISK155	-61.5%
Tomatoes (1 lb)	$3.42 KYD2.84	$2.22 ISK283	-34.9%
Potatoes (1 lb)	$2.38 KYD1.98	$1.43 ISK183	-39.7%
Onions (1 lb)	$2.38 KYD1.98	$0.93 ISK119	-60.8%
Average			-29.2%

Cayman Islands vs. Reykjavik - Cost of groceries

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pay 33.9% more for transportation

	Cayman Islands	Reykjavik
Gasoline (1 gallon)	$6.65 KYD5.54	$8.50 ISK1,082	+27.9%
Monthly public transit pass	$29.82 KYD24.84	$74.95 ISK9,538	+151.3%
New Volkswagen Golf 1.4 (standard edition)	$35,788.85 KYD29,807.85	$42,450.45 ISK5,401,820	+18.6%
Taxi trip in downtown area (5 miles)	$63.62 KYD52.99	$24.05 ISK3,060	-62.2%
Average			+33.9%

Cayman Islands vs. Reykjavik - Cost of transportation

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pay 39.0% less for housing

	Cayman Islands	Reykjavik
Internet connection 50 mbps or faster, cable/dsl	$111.35 KYD92.74	$69.87 ISK8,890	-37.3%
1-Bedroom apartment in downtown area	$2,726.77 KYD2,271.07	$1,971.17 ISK250,832	-27.7%
1-Bedroom apartment outside city center	$1,977.92 KYD1,647.37	$1,803.44 ISK229,488	-8.8%
Utilities for two (700 sq ft apartment) including electric, gas, water, heating	$302.47 KYD251.92	$53.95 ISK6,866	-82.2%
Average			-39.0%

Cayman Islands vs. Reykjavik - Cost of housing

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pay 79.5% less for childcare

	Cayman Islands	Reykjavik
Private preschool for 1 child, monthly	$1,465.64 KYD1,220.70	$252.14 ISK32,085	-82.8%
Middle school for 1 child, two semesters	$25,139.68 KYD20,938.36	$5,993.99 ISK762,736	-76.2%
Average			-79.5%

Cayman Islands vs. Reykjavik - Cost of childcare

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pay 9.5% less for entertainment and sports

	Cayman Islands	Reykjavik
Domestic/local beer (1 pint)	$7.56 KYD6.29	$10.81 ISK1,376	+43.1%
Cappuccino in mid-range area	$6.41 KYD5.34	$5.31 ISK675	-17.2%
Pack of cigarettes Marlboro or similar	$13.12 KYD10.93	$12.25 ISK1,558	-6.7%
Monthly membership at local gym	$138.18 KYD115.09	$69.95 ISK8,901	-49.4%
Movie ticket to theater/cinema	$17.89 KYD14.90	$14.77 ISK1,880	-17.4%
Average			-9.5%

Cayman Islands vs. Reykjavik - Cost of entertainment and sports

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pay 15.4% more for clothing

	Cayman Islands	Reykjavik
Regular jeans Levi's brand	$89.47 KYD74.52	$108.97 ISK13,867	+21.8%
Regular dress from H&M or similar store	$70.09 KYD58.37	$49.72 ISK6,327	-29.1%
Running shoes Nike or Adidas	$119.30 KYD99.36	$151.85 ISK19,323	+27.3%
Men's business shoes (leather)	$137.19 KYD114.26	$194.16 ISK24,707	+41.5%
Average			+15.4%

Cayman Islands vs. Reykjavik - Cost of clothing

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The statistics used to build this comparison are calculated using data from users just like you. We average the price of thousands of data points entered by users across the world. Learn more about our data sources. Page last updated: June 2025

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