Cost of living comparison
Reykjavik is 19.8% cheaper than George Town.
- Restaurants
-
pay 14.7% less in Reykjavik
- Groceries
-
pay 35.8% less in Reykjavik
- Transportation
-
pay 31.4% more in Reykjavik
- Housing
-
pay 45.3% less in Reykjavik
- Childcare
-
pay 80.2% less in Reykjavik
- Entertainment and Sports
-
pay 4.8% less in Reykjavik
- Clothing
-
pay 11.0% more in Reykjavik
The cost of transportation and clothing in Reykjavik are more expensive than in George Town. Expenses including childcare, housing, groceries, restaurants, and entertainment and sports are lower in Reykjavik.
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
KYD24.87
|
$20.00
ISK2,482
|
|
|
Fast food combo meal
McDonalds, or similar
|
$15.51
KYD12.93
|
$18.02
ISK2,236
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$3.80
KYD3.17
|
$3.15
ISK391
|
|
| Bottle of water (11 fl. oz) |
$2.91
KYD2.42
|
$2.19
ISK271
|
|
pay 35.8% less for groceries
|
George Town
|
Reykjavik
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$4.97
KYD4.15
|
$3.61
ISK448
|
|
| Local cheese (8 oz) |
$6.42
KYD5.36
|
$7.76
ISK963
|
|
| Milk (1 gallon) |
$11.63
KYD9.69
|
$6.40
ISK795
|
|
|
Eggs
1 dozen
|
$9.52
KYD7.94
|
$5.76
ISK714
|
|
| Boneless chicken breast (1 lb) |
$6.73
KYD5.61
|
$9.45
ISK1,172
|
|
| Apples (1 lb) |
$4.70
KYD3.92
|
$1.40
ISK174
|
|
| Bananas (1 lb) |
$2.08
KYD1.74
|
$1.01
ISK125
|
|
| Oranges (1 lb) |
$3.73
KYD3.11
|
$1.22
ISK151
|
|
| Tomatoes (1 lb) |
$3.69
KYD3.08
|
$2.22
ISK276
|
|
| Potatoes (1 lb) |
$2.97
KYD2.48
|
$1.43
ISK178
|
|
| Onions (1 lb) |
$2.50
KYD2.08
|
$0.93
ISK116
|
|
pay 31.4% more for transportation
|
George Town
|
Reykjavik
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$6.65
KYD5.54
|
$8.50
ISK1,055
|
|
| Monthly public transit pass |
$29.82
KYD24.87
|
$74.95
ISK9,302
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$38,771.25
KYD32,329.99
|
$42,450.45
ISK5,268,101
|
|
| Taxi trip in downtown area (5 miles) |
$65.61
KYD54.71
|
$24.05
ISK2,985
|
|
pay 45.3% less for housing
|
George Town
|
Reykjavik
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$111.36
KYD92.86
|
$69.87
ISK8,670
|
|
| 1-Bedroom apartment in downtown area |
$2,931.28
KYD2,444.29
|
$1,971.17
ISK244,622
|
|
| 1-Bedroom apartment outside city center |
$2,539.30
KYD2,117.44
|
$1,803.44
ISK223,807
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$302.52
KYD252.26
|
$53.95
ISK6,696
|
|
pay 80.2% less for childcare
|
George Town
|
Reykjavik
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$1,601.98
KYD1,335.83
|
$252.14
ISK31,291
|
|
| Middle school for 1 child, two semesters |
$25,183.42
KYD20,999.57
|
$5,993.99
ISK743,855
|
|
pay 4.8% less for entertainment and sports
|
George Town
|
Reykjavik
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$7.75
KYD6.47
|
$10.81
ISK1,342
|
|
| Cappuccino in mid-range area |
$6.63
KYD5.53
|
$5.31
ISK658
|
|
|
Pack of cigarettes
Marlboro or similar
|
$13.12
KYD10.94
|
$12.25
ISK1,520
|
|
| Monthly membership at local gym |
$86.49
KYD72.12
|
$69.95
ISK8,680
|
|
| Movie ticket to theater/cinema |
$17.89
KYD14.92
|
$14.77
ISK1,834
|
|
pay 11.0% more for clothing
|
George Town
|
Reykjavik
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$89.47
KYD74.61
|
$108.97
ISK13,523
|
|
|
Regular dress
from H&M or similar store
|
$70.09
KYD58.44
|
$49.72
ISK6,170
|
|
|
Running shoes
Nike or Adidas
|
$128.24
KYD106.94
|
$151.85
ISK18,845
|
|
| Men's business shoes (leather) |
$146.14
KYD121.86
|
$194.16
ISK24,095
|
|
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