Cost of living comparison
Reykjavik is 19.8% cheaper than George Town.
If you lived in Reykjavik instead of George Town, you would:
pay 14.7% less for restaurants
|
George Town
|
Reykjavik
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$29.82
KYD24.93
|
$20.00
ISK2,753
|
|
|
Fast food combo meal
McDonalds, or similar
|
$15.51
KYD12.96
|
$18.02
ISK2,480
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$3.80
KYD3.18
|
$3.15
ISK434
|
|
| Bottle of water (11 fl. oz) |
$2.91
KYD2.43
|
$2.19
ISK301
|
|
pay 35.8% less for groceries
|
George Town
|
Reykjavik
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$4.97
KYD4.16
|
$3.61
ISK497
|
|
| Local cheese (8 oz) |
$6.42
KYD5.37
|
$7.76
ISK1,068
|
|
| Milk (1 gallon) |
$11.63
KYD9.72
|
$6.40
ISK882
|
|
|
Eggs
1 dozen
|
$9.52
KYD7.96
|
$5.76
ISK792
|
|
| Boneless chicken breast (1 lb) |
$6.73
KYD5.62
|
$9.45
ISK1,300
|
|
| Apples (1 lb) |
$4.70
KYD3.93
|
$1.40
ISK193
|
|
| Bananas (1 lb) |
$2.08
KYD1.74
|
$1.01
ISK139
|
|
| Oranges (1 lb) |
$3.73
KYD3.12
|
$1.22
ISK168
|
|
| Tomatoes (1 lb) |
$3.69
KYD3.09
|
$2.22
ISK306
|
|
| Potatoes (1 lb) |
$2.97
KYD2.48
|
$1.43
ISK197
|
|
| Onions (1 lb) |
$2.50
KYD2.09
|
$0.93
ISK129
|
|
pay 31.4% more for transportation
|
George Town
|
Reykjavik
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$6.65
KYD5.56
|
$8.50
ISK1,170
|
|
| Monthly public transit pass |
$29.82
KYD24.93
|
$74.95
ISK10,318
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$38,771.25
KYD32,408.97
|
$42,450.45
ISK5,843,304
|
|
| Taxi trip in downtown area (5 miles) |
$65.61
KYD54.85
|
$24.05
ISK3,311
|
|
pay 45.3% less for housing
|
George Town
|
Reykjavik
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$111.36
KYD93.09
|
$69.87
ISK9,617
|
|
| 1-Bedroom apartment in downtown area |
$2,931.28
KYD2,450.26
|
$1,971.17
ISK271,332
|
|
| 1-Bedroom apartment outside city center |
$2,539.30
KYD2,122.61
|
$1,803.44
ISK248,243
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$302.52
KYD252.87
|
$53.95
ISK7,427
|
|
pay 80.2% less for childcare
|
George Town
|
Reykjavik
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$1,601.98
KYD1,339.10
|
$252.14
ISK34,707
|
|
| Middle school for 1 child, two semesters |
$25,183.42
KYD21,050.87
|
$5,993.99
ISK825,073
|
|
pay 4.8% less for entertainment and sports
|
George Town
|
Reykjavik
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$7.75
KYD6.48
|
$10.81
ISK1,488
|
|
| Cappuccino in mid-range area |
$6.63
KYD5.54
|
$5.31
ISK730
|
|
|
Pack of cigarettes
Marlboro or similar
|
$13.12
KYD10.97
|
$12.25
ISK1,686
|
|
| Monthly membership at local gym |
$86.49
KYD72.30
|
$69.95
ISK9,628
|
|
| Movie ticket to theater/cinema |
$17.89
KYD14.96
|
$14.77
ISK2,034
|
|
pay 11.0% more for clothing
|
George Town
|
Reykjavik
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$89.47
KYD74.79
|
$108.97
ISK15,000
|
|
|
Regular dress
from H&M or similar store
|
$70.09
KYD58.59
|
$49.72
ISK6,844
|
|
|
Running shoes
Nike or Adidas
|
$128.24
KYD107.20
|
$151.85
ISK20,903
|
|
| Men's business shoes (leather) |
$146.14
KYD122.16
|
$194.16
ISK26,726
|
|
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