Iceland vs. Guatemala Cost of Living Summary

Iceland is 2.2 times more expensive than Guatemala overall.

Restaurants
pay 3.1 times more in Iceland
Groceries
pay 52.1% more in Iceland
Transportation
pay 3.1 times more in Iceland
Housing
pay 2.6 times more in Iceland
Childcare
pay 12.8% more in Iceland
Entertainment and Sports
pay 2.3 times more in Iceland
Clothing
pay 73.9% more in Iceland

The cost of transportation, restaurants, housing, entertainment and sports, clothing, and groceries in Iceland are more expensive than in Guatemala. Notably, transportation, restaurants, and housing are significantly more expensive in Iceland.

Iceland vs. Guatemala Cost Breakdown

If you lived in Iceland instead of Guatemala, you would:

pay 3.1 times more for restaurants

 
Guatemala
Iceland
Basic meal with drink at inexpensive restaurant $4.86
GTQ37.55
$19.40
ISK2,689
Fast food combo meal
McDonalds, or similar
$6.24
GTQ48.13
$16.94
ISK2,348
Bottle of Coca-Cola (11 fl. oz) $0.94
GTQ7.24
$2.81
ISK390

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pay 52.1% more for groceries

 
Guatemala
Iceland
Bread
1 loaf
$2.77
GTQ21.37
$2.95
ISK410
Local cheese (8 oz) $3.39
GTQ26.13
$7.27
ISK1,007
Milk (1 gallon) $6.82
GTQ52.63
$6.01
ISK833

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pay 3.1 times more for transportation

 
Guatemala
Iceland
Gasoline (1 gallon) $3.90
GTQ30.13
$8.36
ISK1,159
Monthly public transit pass $13.42
GTQ103.61
$71.28
ISK9,881
New Volkswagen Golf 1.4 (standard edition) $17,023.47
GTQ131,400.67
$40,660.66
ISK5,636,381

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pay 2.6 times more for housing

 
Guatemala
Iceland
Internet connection
50 mbps or faster, cable/dsl
$43.14
GTQ332.97
$72.17
ISK10,005
1-Bedroom apartment in downtown area $525.45
GTQ4,055.81
$1,838.04
ISK254,789
1-Bedroom apartment outside city center $368.89
GTQ2,847.37
$1,497.77
ISK207,621

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pay 12.8% more for childcare

 
Guatemala
Iceland
Private preschool for 1 child, monthly $217.77
GTQ1,680.93
$258.16
ISK35,787
Middle school for 1 child, two semesters $5,593.73
GTQ43,176.87
$5,993.99
ISK830,887

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pay 2.3 times more for entertainment and sports

 
Guatemala
Iceland
Domestic/local beer (1 pint) $2.59
GTQ20.01
$9.19
ISK1,274
Cappuccino in mid-range area $3.03
GTQ23.41
$4.65
ISK644
Pack of cigarettes
Marlboro or similar
$3.47
GTQ26.81
$11.76
ISK1,630

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pay 73.9% more for clothing

 
Guatemala
Iceland
Regular jeans
Levi's brand
$41.32
GTQ318.90
$111.23
ISK15,419
Regular dress
from H&M or similar store
$55.74
GTQ430.28
$59.69
ISK8,274
Running shoes
Nike or Adidas
$108.63
GTQ838.49
$148.00
ISK20,516

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The statistics used to build this comparison are calculated using data from users just like you. We average the price of thousands of data points entered by users across the world. Learn more about our data sources. Page last updated: December 2024
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