Cost of living comparison

Reykjavik, Iceland

compared to

Trinidad and Tobago

Trinidad and Tobago vs. Reykjavik Cost of Living Summary

Trinidad and Tobago is 39.2% cheaper than Reykjavik.

Restaurants: pay 61.1% less in Trinidad and Tobago
Groceries: pay 15.8% less in Trinidad and Tobago
Transportation: pay 38.1% less in Trinidad and Tobago
Housing: pay 44.9% less in Trinidad and Tobago
Childcare: pay 27.0% less in Trinidad and Tobago
Entertainment and Sports: pay 51.0% less in Trinidad and Tobago
Clothing: pay 36.6% less in Trinidad and Tobago

Expenses including restaurants, entertainment and sports, housing, transportation, clothing, and childcare are lower in Trinidad and Tobago.

Trinidad and Tobago vs. Reykjavik Cost Breakdown

If you lived in Trinidad and Tobago instead of Reykjavik, you would:

Display currency: USD

pay 61.1% less for restaurants

	Reykjavik	Trinidad and Tobago
Basic meal with drink at inexpensive restaurant	$20.00 ISK2,664	$9.51 TTD64.45	-52.5%
Fast food combo meal McDonalds, or similar	$18.02 ISK2,400	$7.31 TTD49.58	-59.4%
Bottle of Coca-Cola (11 fl. oz)	$3.15 ISK420	$0.97 TTD6.61	-69.1%
Bottle of water (11 fl. oz)	$2.19 ISK291	$0.80 TTD5.43	-63.3%
Average			-61.1%

Reykjavik vs. Trinidad and Tobago - Cost of restaurants

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pay 15.8% less for groceries

	Reykjavik	Trinidad and Tobago
Bread 1 loaf	$3.61 ISK481	$2.32 TTD15.71	-35.8%
Local cheese (8 oz)	$7.76 ISK1,033	$3.45 TTD23.39	-55.5%
Milk (1 gallon)	$6.40 ISK853	$8.55 TTD57.93	+33.4%
Eggs 1 dozen	$5.76 ISK767	$4.09 TTD27.75	-28.9%
Boneless chicken breast (1 lb)	$9.45 ISK1,258	$3.62 TTD24.53	-61.7%
Apples (1 lb)	$1.40 ISK187	$2.30 TTD15.61	+64.3%
Bananas (1 lb)	$1.01 ISK134	$1.00 TTD6.77	-1.0%
Oranges (1 lb)	$1.22 ISK162	$1.57 TTD10.67	+29.3%
Tomatoes (1 lb)	$2.22 ISK296	$1.87 TTD12.69	-15.8%
Potatoes (1 lb)	$1.43 ISK191	$0.53 TTD3.57	-63.3%
Onions (1 lb)	$0.93 ISK124	$0.57 TTD3.87	-38.9%
Average			-15.8%

Reykjavik vs. Trinidad and Tobago - Cost of groceries

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pay 38.1% less for transportation

	Reykjavik	Trinidad and Tobago
Gasoline (1 gallon)	$8.50 ISK1,132	$3.81 TTD25.83	-55.2%
Monthly public transit pass	$74.95 ISK9,984	$71.19 TTD482.56	-5.0%
New Volkswagen Golf 1.4 (standard edition)	$42,450.45 ISK5,654,400	$32,305.16 TTD218,971.23	-23.9%
Taxi trip in downtown area (5 miles)	$24.05 ISK3,204	$7.63 TTD51.73	-68.3%
Average			-38.1%

Reykjavik vs. Trinidad and Tobago - Cost of transportation

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pay 44.9% less for housing

	Reykjavik	Trinidad and Tobago
Internet connection 50 mbps or faster, cable/dsl	$69.87 ISK9,306	$53.89 TTD365.28	-22.9%
1-Bedroom apartment in downtown area	$1,971.17 ISK262,560	$509.67 TTD3,454.62	-74.1%
1-Bedroom apartment outside city center	$1,803.44 ISK240,218	$377.30 TTD2,557.40	-79.1%
Utilities for two (700 sq ft apartment) including electric, gas, water, heating	$53.95 ISK7,187	$51.98 TTD352.32	-3.7%
Average			-44.9%

Reykjavik vs. Trinidad and Tobago - Cost of housing

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pay 27.0% less for childcare

	Reykjavik	Trinidad and Tobago
Private preschool for 1 child, monthly	$252.14 ISK33,585	$190.69 TTD1,292.51	-24.4%
Middle school for 1 child, two semesters	$5,993.99 ISK798,400	$4,214.54 TTD28,567.07	-29.7%
Average			-27.0%

Reykjavik vs. Trinidad and Tobago - Cost of childcare

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pay 51.0% less for entertainment and sports

	Reykjavik	Trinidad and Tobago
Domestic/local beer (1 pint)	$10.81 ISK1,440	$2.00 TTD13.55	-81.5%
Cappuccino in mid-range area	$5.31 ISK707	$3.38 TTD22.90	-36.3%
Pack of cigarettes Marlboro or similar	$12.25 ISK1,631	$5.01 TTD33.96	-59.1%
Monthly membership at local gym	$69.95 ISK9,317	$47.73 TTD323.53	-31.8%
Movie ticket to theater/cinema	$14.77 ISK1,968	$7.92 TTD53.71	-46.4%
Average			-51.0%

Reykjavik vs. Trinidad and Tobago - Cost of entertainment and sports

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pay 36.6% less for clothing

	Reykjavik	Trinidad and Tobago
Regular jeans Levi's brand	$108.97 ISK14,515	$53.13 TTD360.13	-51.2%
Regular dress from H&M or similar store	$49.72 ISK6,623	$41.10 TTD278.56	-17.3%
Running shoes Nike or Adidas	$151.85 ISK20,227	$113.07 TTD766.40	-25.5%
Men's business shoes (leather)	$194.16 ISK25,862	$92.43 TTD626.54	-52.4%
Average			-36.6%

Reykjavik vs. Trinidad and Tobago - Cost of clothing

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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: March 2025

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