Cost of living comparison
Reykjavik is 2.0 times more expensive than Georgetown.
If you lived in Reykjavik instead of Georgetown, you would:
pay 2.4 times more for restaurants
|
Georgetown
|
Reykjavik
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$11.88
GYD2,491.66
|
$20.00
ISK2,753
|
|
|
Fast food combo meal
McDonalds, or similar
|
$8.55
GYD1,794.00
|
$18.02
ISK2,480
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$1.21
GYD254.15
|
$3.15
ISK434
|
|
| Bottle of water (11 fl. oz) |
$0.71
GYD149.50
|
$2.19
ISK301
|
|
pay 41.0% more for groceries
|
Georgetown
|
Reykjavik
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$2.01
GYD420.74
|
$3.61
ISK497
|
|
| Local cheese (8 oz) |
$5.36
GYD1,123.50
|
$7.76
ISK1,068
|
|
| Milk (1 gallon) |
$12.31
GYD2,582.38
|
$6.40
ISK882
|
|
|
Eggs
1 dozen
|
$3.41
GYD714.28
|
$5.76
ISK792
|
|
| Boneless chicken breast (1 lb) |
$2.63
GYD551.26
|
$9.45
ISK1,300
|
|
| Apples (1 lb) |
$1.78
GYD373.89
|
$1.40
ISK193
|
|
| Bananas (1 lb) |
$1.20
GYD252.55
|
$1.01
ISK139
|
|
| Oranges (1 lb) |
$1.70
GYD356.19
|
$1.22
ISK168
|
|
| Tomatoes (1 lb) |
$2.05
GYD429.07
|
$2.22
ISK306
|
|
| Potatoes (1 lb) |
$0.71
GYD148.20
|
$1.43
ISK197
|
|
| Onions (1 lb) |
$0.93
GYD195.31
|
$0.93
ISK129
|
|
pay 2.1 times more for transportation
|
Georgetown
|
Reykjavik
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$4.00
GYD839.44
|
$8.50
ISK1,170
|
|
| Monthly public transit pass |
$28.51
GYD5,979.99
|
$74.95
ISK10,318
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$15,680.67
GYD3,288,992.09
|
$42,450.45
ISK5,843,304
|
|
| Taxi trip in downtown area (5 miles) |
$28.99
GYD6,079.65
|
$24.05
ISK3,311
|
|
pay 2.9 times more for housing
|
Georgetown
|
Reykjavik
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$61.18
GYD12,832.05
|
$69.87
ISK9,617
|
|
| 1-Bedroom apartment in downtown area |
$617.07
GYD129,430.16
|
$1,971.17
ISK271,332
|
|
| 1-Bedroom apartment outside city center |
$281.14
GYD58,969.30
|
$1,803.44
ISK248,243
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$61.00
GYD12,794.68
|
$53.95
ISK7,427
|
|
pay 72.7% less for childcare
|
Georgetown
|
Reykjavik
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$876.83
GYD183,913.82
|
$252.14
ISK34,707
|
|
| Middle school for 1 child, two semesters |
$23,225.94
GYD4,871,600.66
|
$5,993.99
ISK825,073
|
|
pay 3.3 times more for entertainment and sports
|
Georgetown
|
Reykjavik
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$2.14
GYD448.50
|
$10.81
ISK1,488
|
|
| Cappuccino in mid-range area |
$3.88
GYD813.94
|
$5.31
ISK730
|
|
|
Pack of cigarettes
Marlboro or similar
|
$2.19
GYD458.47
|
$12.25
ISK1,686
|
|
| Monthly membership at local gym |
$38.81
GYD8,139.42
|
$69.95
ISK9,628
|
|
| Movie ticket to theater/cinema |
$5.94
GYD1,245.83
|
$14.77
ISK2,034
|
|
pay 2.0 times more for clothing
|
Georgetown
|
Reykjavik
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$38.01
GYD7,973.31
|
$108.97
ISK15,000
|
|
|
Regular dress
from H&M or similar store
|
$52.27
GYD10,963.31
|
$49.72
ISK6,844
|
|
|
Running shoes
Nike or Adidas
|
$83.63
GYD17,541.29
|
$151.85
ISK20,903
|
|
| Men's business shoes (leather) |
$80.78
GYD16,943.29
|
$194.16
ISK26,726
|
|
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