Cost of living comparison

Reykjavik, Iceland

compared to

Trinidad, Trinidad and Tobago

Trinidad vs. Reykjavik Cost of Living Summary

Trinidad is 36.6% cheaper than Reykjavik.

Restaurants: pay 60.1% less in Trinidad
Groceries: pay 14.0% less in Trinidad
Transportation: pay 36.8% less in Trinidad
Housing: pay 43.3% less in Trinidad
Childcare: pay 15.2% less in Trinidad
Entertainment and Sports: pay 48.7% less in Trinidad
Clothing: pay 38.2% less in Trinidad

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

Trinidad vs. Reykjavik Cost Breakdown

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

Display currency: USD

pay 60.1% less for restaurants

	Reykjavik	Trinidad
Basic meal with drink at inexpensive restaurant	$20.00 ISK2,632	$10.24 TTD69.48	-48.8%
Fast food combo meal McDonalds, or similar	$18.02 ISK2,371	$7.31 TTD49.63	-59.4%
Bottle of Coca-Cola (11 fl. oz)	$3.15 ISK415	$0.98 TTD6.66	-68.9%
Bottle of water (11 fl. oz)	$2.19 ISK288	$0.80 TTD5.46	-63.2%
Average			-60.1%

Reykjavik vs. Trinidad - Cost of restaurants

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pay 14.0% less for groceries

	Reykjavik	Trinidad
Bread 1 loaf	$3.61 ISK475	$2.36 TTD16.05	-34.5%
Local cheese (8 oz)	$7.76 ISK1,021	$3.18 TTD21.55	-59.1%
Milk (1 gallon)	$6.40 ISK843	$8.10 TTD54.95	+26.5%
Eggs 1 dozen	$5.76 ISK757	$4.10 TTD27.79	-28.8%
Boneless chicken breast (1 lb)	$9.45 ISK1,243	$4.26 TTD28.91	-54.9%
Apples (1 lb)	$1.40 ISK185	$2.23 TTD15.14	+59.1%
Bananas (1 lb)	$1.01 ISK133	$1.06 TTD7.21	+5.3%
Oranges (1 lb)	$1.22 ISK160	$1.86 TTD12.64	+53.0%
Tomatoes (1 lb)	$2.22 ISK293	$1.74 TTD11.82	-21.7%
Potatoes (1 lb)	$1.43 ISK189	$0.49 TTD3.35	-65.6%
Onions (1 lb)	$0.93 ISK123	$0.62 TTD4.20	-33.7%
Average			-14.0%

Reykjavik vs. Trinidad - Cost of groceries

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pay 36.8% less for transportation

	Reykjavik	Trinidad
Gasoline (1 gallon)	$8.50 ISK1,119	$4.10 TTD27.82	-51.8%
Monthly public transit pass	$74.95 ISK9,863	$73.14 TTD496.27	-2.4%
New Volkswagen Golf 1.4 (standard edition)	$42,450.45 ISK5,585,630	$33,646.13 TTD228,285.63	-20.7%
Taxi trip in downtown area (5 miles)	$24.05 ISK3,165	$6.66 TTD45.16	-72.3%
Average			-36.8%

Reykjavik vs. Trinidad - Cost of transportation

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pay 43.3% less for housing

	Reykjavik	Trinidad
Internet connection 50 mbps or faster, cable/dsl	$69.87 ISK9,193	$52.30 TTD354.84	-25.1%
1-Bedroom apartment in downtown area	$1,971.17 ISK259,367	$592.44 TTD4,019.65	-69.9%
1-Bedroom apartment outside city center	$1,803.44 ISK237,297	$409.59 TTD2,779.03	-77.3%
Utilities for two (700 sq ft apartment) including electric, gas, water, heating	$53.95 ISK7,099	$53.54 TTD363.24	-0.8%
Average			-43.3%

Reykjavik vs. Trinidad - Cost of housing

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pay 15.2% less for childcare

	Reykjavik	Trinidad
Private preschool for 1 child, monthly	$252.14 ISK33,177	$229.27 TTD1,555.56	-9.1%
Middle school for 1 child, two semesters	$5,993.99 ISK788,690	$4,719.60 TTD32,022.02	-21.3%
Average			-15.2%

Reykjavik vs. Trinidad - Cost of childcare

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pay 48.7% less for entertainment and sports

	Reykjavik	Trinidad
Domestic/local beer (1 pint)	$10.81 ISK1,422	$1.46 TTD9.93	-86.5%
Cappuccino in mid-range area	$5.31 ISK698	$3.57 TTD24.20	-32.8%
Pack of cigarettes Marlboro or similar	$12.25 ISK1,611	$5.56 TTD37.72	-54.6%
Monthly membership at local gym	$69.95 ISK9,204	$49.74 TTD337.47	-28.9%
Movie ticket to theater/cinema	$14.77 ISK1,944	$8.78 TTD59.55	-40.6%
Average			-48.7%

Reykjavik vs. Trinidad - Cost of entertainment and sports

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pay 38.2% less for clothing

	Reykjavik	Trinidad
Regular jeans Levi's brand	$108.97 ISK14,339	$55.89 TTD379.24	-48.7%
Regular dress from H&M or similar store	$49.72 ISK6,542	$40.64 TTD275.71	-18.3%
Running shoes Nike or Adidas	$151.85 ISK19,981	$93.26 TTD632.75	-38.6%
Men's business shoes (leather)	$194.16 ISK25,547	$102.40 TTD694.78	-47.3%
Average			-38.2%

Reykjavik vs. Trinidad - 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: April 2025

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