Cost of living comparison
George Town is 2.0 times more expensive than Reykjavik.
- Restaurants
-
pay 22.2% more in George Town
- Groceries
-
pay 93.4% more in George Town
- Transportation
-
pay 20.5% more in George Town
- Housing
-
pay 2.5 times more in George Town
- Childcare
-
pay 5.3 times more in George Town
- Entertainment and Sports
-
pay 9.7% more in George Town
- Clothing
-
pay 4.3% less in George Town
The cost of childcare, housing, groceries, restaurants, transportation, and entertainment and sports in George Town are more expensive than in Reykjavik. Notably, childcare, housing, and groceries are significantly more expensive in George Town.
If you lived in George Town instead of Reykjavik, you would:
pay 22.2% more for restaurants
|
Reykjavik
|
George Town
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$20.00
ISK2,689
|
$29.82
KYD24.84
|
|
|
Fast food combo meal
McDonalds, or similar
|
$18.02
ISK2,423
|
$15.51
KYD12.92
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$3.15
ISK424
|
$3.80
KYD3.17
|
|
| Bottle of water (11 fl. oz) |
$2.19
ISK294
|
$2.91
KYD2.42
|
|
pay 93.4% more for groceries
|
Reykjavik
|
George Town
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$3.61
ISK485
|
$4.97
KYD4.14
|
|
| Local cheese (8 oz) |
$7.76
ISK1,043
|
$6.42
KYD5.35
|
|
| Milk (1 gallon) |
$6.40
ISK861
|
$11.63
KYD9.68
|
|
|
Eggs
1 dozen
|
$5.76
ISK774
|
$9.52
KYD7.93
|
|
| Boneless chicken breast (1 lb) |
$9.45
ISK1,270
|
$6.73
KYD5.60
|
|
| Apples (1 lb) |
$1.40
ISK189
|
$4.70
KYD3.91
|
|
| Bananas (1 lb) |
$1.01
ISK136
|
$2.08
KYD1.73
|
|
| Oranges (1 lb) |
$1.22
ISK164
|
$3.73
KYD3.11
|
|
| Tomatoes (1 lb) |
$2.22
ISK299
|
$3.69
KYD3.07
|
|
| Potatoes (1 lb) |
$1.43
ISK193
|
$2.97
KYD2.47
|
|
| Onions (1 lb) |
$0.93
ISK126
|
$2.50
KYD2.08
|
|
pay 20.5% more for transportation
|
Reykjavik
|
George Town
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$8.50
ISK1,143
|
$6.65
KYD5.54
|
|
| Monthly public transit pass |
$74.95
ISK10,078
|
$29.82
KYD24.84
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$42,450.45
ISK5,707,888
|
$38,771.25
KYD32,289.08
|
|
| Taxi trip in downtown area (5 miles) |
$24.05
ISK3,234
|
$65.61
KYD54.64
|
|
pay 2.5 times more for housing
|
Reykjavik
|
George Town
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$69.87
ISK9,394
|
$111.36
KYD92.74
|
|
| 1-Bedroom apartment in downtown area |
$1,971.17
ISK265,044
|
$2,931.28
KYD2,441.20
|
|
| 1-Bedroom apartment outside city center |
$1,803.44
ISK242,491
|
$2,539.30
KYD2,114.76
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$53.95
ISK7,255
|
$302.52
KYD251.94
|
|
pay 5.3 times more for childcare
|
Reykjavik
|
George Town
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$252.14
ISK33,903
|
$1,601.98
KYD1,334.14
|
|
| Middle school for 1 child, two semesters |
$5,993.99
ISK805,952
|
$25,183.42
KYD20,973.00
|
|
pay 9.7% more for entertainment and sports
|
Reykjavik
|
George Town
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$10.81
ISK1,454
|
$7.75
KYD6.46
|
|
| Cappuccino in mid-range area |
$5.31
ISK713
|
$6.63
KYD5.52
|
|
|
Pack of cigarettes
Marlboro or similar
|
$12.25
ISK1,646
|
$13.12
KYD10.93
|
|
| Monthly membership at local gym |
$69.95
ISK9,405
|
$86.49
KYD72.03
|
|
| Movie ticket to theater/cinema |
$14.77
ISK1,987
|
$17.89
KYD14.90
|
|
pay 4.3% less for clothing
|
Reykjavik
|
George Town
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$108.97
ISK14,652
|
$89.47
KYD74.51
|
|
|
Regular dress
from H&M or similar store
|
$49.72
ISK6,685
|
$70.09
KYD58.37
|
|
|
Running shoes
Nike or Adidas
|
$151.85
ISK20,418
|
$128.24
KYD106.80
|
|
| Men's business shoes (leather) |
$194.16
ISK26,106
|
$146.14
KYD121.71
|
|
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