Cost of living comparison
Reykjavik is 22.6% cheaper than George Town.
If you lived in Reykjavik instead of George Town, you would:
pay 13.8% less for restaurants
|
George Town
|
Reykjavik
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$30.00
KYD24.97
|
$21.59
ISK2,967
|
|
|
Fast food combo meal
McDonalds, or similar
|
$15.00
KYD12.49
|
$17.27
ISK2,374
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$3.53
KYD2.94
|
$2.90
ISK399
|
|
| Bottle of water (11 fl. oz) |
$2.73
KYD2.28
|
$2.07
ISK285
|
|
pay 32.0% less for groceries
|
George Town
|
Reykjavik
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$4.68
KYD3.90
|
$3.68
ISK506
|
|
| Local cheese (8 oz) |
$6.58
KYD5.47
|
$7.66
ISK1,052
|
|
| Milk (1 gallon) |
$12.11
KYD10.08
|
$6.16
ISK847
|
|
|
Eggs
1 dozen
|
$8.61
KYD7.16
|
$5.91
ISK813
|
|
| Boneless chicken breast (1 lb) |
$5.48
KYD4.56
|
$8.87
ISK1,220
|
|
| Apples (1 lb) |
$4.58
KYD3.81
|
$1.53
ISK210
|
|
| Bananas (1 lb) |
$1.77
KYD1.47
|
$0.97
ISK133
|
|
| Oranges (1 lb) |
$3.37
KYD2.81
|
$1.26
ISK173
|
|
| Tomatoes (1 lb) |
$3.78
KYD3.15
|
$2.23
ISK306
|
|
| Potatoes (1 lb) |
$3.11
KYD2.59
|
$1.42
ISK195
|
|
| Onions (1 lb) |
$2.46
KYD2.05
|
$1.01
ISK139
|
|
pay 21.2% more for transportation
|
George Town
|
Reykjavik
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$6.98
KYD5.81
|
$8.57
ISK1,179
|
|
| Monthly public transit pass |
$30.00
KYD24.97
|
$66.92
ISK9,198
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$39,004.13
KYD32,464.31
|
$41,660.67
ISK5,726,259
|
|
| Taxi trip in downtown area (5 miles) |
$72.01
KYD59.93
|
$23.30
ISK3,202
|
|
pay 44.0% less for housing
|
George Town
|
Reykjavik
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$114.70
KYD95.47
|
$68.45
ISK9,408
|
|
| 1-Bedroom apartment in downtown area |
$2,700.29
KYD2,247.53
|
$1,864.13
ISK256,225
|
|
| 1-Bedroom apartment outside city center |
$2,228.81
KYD1,855.10
|
$1,666.20
ISK229,019
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$317.39
KYD264.17
|
$64.43
ISK8,856
|
|
pay 79.3% less for childcare
|
George Town
|
Reykjavik
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$1,400.15
KYD1,165.39
|
$240.37
ISK33,039
|
|
| Middle school for 1 child, two semesters |
$24,778.63
KYD20,623.99
|
$5,984.07
ISK822,511
|
|
pay 4.0% less for entertainment and sports
|
George Town
|
Reykjavik
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$7.20
KYD5.99
|
$10.79
ISK1,483
|
|
| Cappuccino in mid-range area |
$6.44
KYD5.36
|
$5.09
ISK699
|
|
|
Pack of cigarettes
Marlboro or similar
|
$14.40
KYD11.99
|
$11.87
ISK1,632
|
|
| Monthly membership at local gym |
$73.67
KYD61.32
|
$65.50
ISK9,003
|
|
| Movie ticket to theater/cinema |
$18.00
KYD14.98
|
$14.39
ISK1,978
|
|
pay 6.6% less for clothing
|
George Town
|
Reykjavik
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$85.51
KYD71.17
|
$103.94
ISK14,287
|
|
|
Regular dress
from H&M or similar store
|
$112.01
KYD93.23
|
$43.50
ISK5,978
|
|
|
Running shoes
Nike or Adidas
|
$132.97
KYD110.68
|
$141.47
ISK19,445
|
|
| Men's business shoes (leather) |
$163.52
KYD136.10
|
$174.65
ISK24,006
|
|
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