Cost of living comparison
Reykjavik is 2.1 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 |
$9.56
GYD1,996.86
|
$21.59
ISK2,967
|
|
|
Fast food combo meal
McDonalds, or similar
|
$8.60
GYD1,797.17
|
$17.27
ISK2,374
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$1.20
GYD249.61
|
$2.90
ISK399
|
|
| Bottle of water (11 fl. oz) |
$0.67
GYD139.78
|
$2.07
ISK285
|
|
pay 64.8% more for groceries
|
Georgetown
|
Reykjavik
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$1.69
GYD351.95
|
$3.68
ISK506
|
|
| Local cheese (8 oz) |
$4.95
GYD1,033.97
|
$7.66
ISK1,052
|
|
| Milk (1 gallon) |
$13.96
GYD2,916.66
|
$6.16
ISK847
|
|
|
Eggs
1 dozen
|
$2.71
GYD566.61
|
$5.91
ISK813
|
|
| Boneless chicken breast (1 lb) |
$2.62
GYD547.48
|
$8.87
ISK1,220
|
|
| Apples (1 lb) |
$1.79
GYD374.56
|
$1.53
ISK210
|
|
| Bananas (1 lb) |
$1.02
GYD212.82
|
$0.97
ISK133
|
|
| Oranges (1 lb) |
$1.06
GYD222.07
|
$1.26
ISK173
|
|
| Tomatoes (1 lb) |
$1.14
GYD237.97
|
$2.23
ISK306
|
|
| Potatoes (1 lb) |
$0.61
GYD128.25
|
$1.42
ISK195
|
|
| Onions (1 lb) |
$0.88
GYD184.72
|
$1.01
ISK139
|
|
pay 98.2% more for transportation
|
Georgetown
|
Reykjavik
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$3.98
GYD831.90
|
$8.57
ISK1,179
|
|
| Monthly public transit pass |
$28.68
GYD5,990.58
|
$66.92
ISK9,198
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$15,775.33
GYD3,294,820.68
|
$41,660.67
ISK5,726,259
|
|
| Taxi trip in downtown area (5 miles) |
$29.16
GYD6,090.43
|
$23.30
ISK3,202
|
|
pay 2.7 times more for housing
|
Georgetown
|
Reykjavik
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$65.13
GYD13,603.62
|
$68.45
ISK9,408
|
|
| 1-Bedroom apartment in downtown area |
$805.17
GYD168,167.65
|
$1,864.13
ISK256,225
|
|
| 1-Bedroom apartment outside city center |
$258.44
GYD53,977.65
|
$1,666.20
ISK229,019
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$57.98
GYD12,110.44
|
$64.43
ISK8,856
|
|
pay 72.2% less for childcare
|
Georgetown
|
Reykjavik
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$917.10
GYD191,544.29
|
$240.37
ISK33,039
|
|
| Middle school for 1 child, two semesters |
$20,269.40
GYD4,233,447.20
|
$5,984.07
ISK822,511
|
|
pay 3.1 times more for entertainment and sports
|
Georgetown
|
Reykjavik
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$2.27
GYD474.25
|
$10.79
ISK1,483
|
|
| Cappuccino in mid-range area |
$4.37
GYD912.85
|
$5.09
ISK699
|
|
|
Pack of cigarettes
Marlboro or similar
|
$2.20
GYD459.28
|
$11.87
ISK1,632
|
|
| Monthly membership at local gym |
$35.51
GYD7,416.91
|
$65.50
ISK9,003
|
|
| Movie ticket to theater/cinema |
$6.21
GYD1,297.96
|
$14.39
ISK1,978
|
|
pay 2.3 times more for clothing
|
Georgetown
|
Reykjavik
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$31.76
GYD6,632.43
|
$103.94
ISK14,287
|
|
|
Regular dress
from H&M or similar store
|
$47.01
GYD9,817.90
|
$43.50
ISK5,978
|
|
|
Running shoes
Nike or Adidas
|
$62.15
GYD12,979.60
|
$141.47
ISK19,445
|
|
| Men's business shoes (leather) |
$62.94
GYD13,146.00
|
$174.65
ISK24,006
|
|
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