Cost of living comparison

Trinidad and Tobago

compared to

Reykjavik, Iceland

Reykjavik vs. Trinidad and Tobago Cost of Living Summary

Reykjavik is 2.1 times more expensive than Trinidad and Tobago overall.

Restaurants: pay 2.6 times more in Reykjavik
Groceries: pay 50.1% more in Reykjavik
Transportation: pay 93.8% more in Reykjavik
Housing: pay 2.7 times more in Reykjavik
Childcare: pay 37.2% more in Reykjavik
Entertainment and Sports: pay 2.5 times more in Reykjavik
Clothing: pay 67.6% more in Reykjavik

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

Reykjavik vs. Trinidad and Tobago Cost Breakdown

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

Display currency: USD

pay 2.6 times more for restaurants

	Trinidad and Tobago	Reykjavik
Basic meal with drink at inexpensive restaurant	$9.51 TTD64.45	$20.00 ISK2,664	+110.3%
Fast food combo meal McDonalds, or similar	$7.31 TTD49.58	$18.02 ISK2,400	+146.3%
Bottle of Coca-Cola (11 fl. oz)	$0.97 TTD6.61	$3.15 ISK420	+223.6%
Bottle of water (11 fl. oz)	$0.80 TTD5.43	$2.19 ISK291	+172.8%
Average			+163.2%

Trinidad and Tobago vs. Reykjavik - Cost of restaurants

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pay 50.1% more for groceries

	Trinidad and Tobago	Reykjavik
Bread 1 loaf	$2.32 TTD15.71	$3.61 ISK481	+55.7%
Local cheese (8 oz)	$3.45 TTD23.39	$7.76 ISK1,033	+124.8%
Milk (1 gallon)	$8.55 TTD57.93	$6.40 ISK853	-25.1%
Eggs 1 dozen	$4.09 TTD27.75	$5.76 ISK767	+40.6%
Boneless chicken breast (1 lb)	$3.62 TTD24.53	$9.45 ISK1,258	+161.1%
Apples (1 lb)	$2.30 TTD15.61	$1.40 ISK187	-39.1%
Bananas (1 lb)	$1.00 TTD6.77	$1.01 ISK134	+1.1%
Oranges (1 lb)	$1.57 TTD10.67	$1.22 ISK162	-22.6%
Tomatoes (1 lb)	$1.87 TTD12.69	$2.22 ISK296	+18.8%
Potatoes (1 lb)	$0.53 TTD3.57	$1.43 ISK191	+172.5%
Onions (1 lb)	$0.57 TTD3.87	$0.93 ISK124	+63.7%
Average			+50.1%

Trinidad and Tobago vs. Reykjavik - Cost of groceries

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pay 93.8% more for transportation

	Trinidad and Tobago	Reykjavik
Gasoline (1 gallon)	$3.81 TTD25.83	$8.50 ISK1,132	+123.1%
Monthly public transit pass	$71.19 TTD482.56	$74.95 ISK9,984	+5.3%
New Volkswagen Golf 1.4 (standard edition)	$32,305.16 TTD218,971.23	$42,450.45 ISK5,654,400	+31.4%
Taxi trip in downtown area (5 miles)	$7.63 TTD51.73	$24.05 ISK3,204	+215.2%
Average			+93.8%

Trinidad and Tobago vs. Reykjavik - Cost of transportation

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pay 2.7 times more for housing

	Trinidad and Tobago	Reykjavik
Internet connection 50 mbps or faster, cable/dsl	$53.89 TTD365.28	$69.87 ISK9,306	+29.6%
1-Bedroom apartment in downtown area	$509.67 TTD3,454.62	$1,971.17 ISK262,560	+286.8%
1-Bedroom apartment outside city center	$377.30 TTD2,557.40	$1,803.44 ISK240,218	+378.0%
Utilities for two (700 sq ft apartment) including electric, gas, water, heating	$51.98 TTD352.32	$53.95 ISK7,187	+3.8%
Average			+174.6%

Trinidad and Tobago vs. Reykjavik - Cost of housing

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pay 37.2% more for childcare

	Trinidad and Tobago	Reykjavik
Private preschool for 1 child, monthly	$190.69 TTD1,292.51	$252.14 ISK33,585	+32.2%
Middle school for 1 child, two semesters	$4,214.54 TTD28,567.07	$5,993.99 ISK798,400	+42.2%
Average			+37.2%

Trinidad and Tobago vs. Reykjavik - Cost of childcare

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pay 2.5 times more for entertainment and sports

	Trinidad and Tobago	Reykjavik
Domestic/local beer (1 pint)	$2.00 TTD13.55	$10.81 ISK1,440	+440.7%
Cappuccino in mid-range area	$3.38 TTD22.90	$5.31 ISK707	+57.1%
Pack of cigarettes Marlboro or similar	$5.01 TTD33.96	$12.25 ISK1,631	+144.4%
Monthly membership at local gym	$47.73 TTD323.53	$69.95 ISK9,317	+46.5%
Movie ticket to theater/cinema	$7.92 TTD53.71	$14.77 ISK1,968	+86.5%
Average			+155.0%

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

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pay 67.6% more for clothing

	Trinidad and Tobago	Reykjavik
Regular jeans Levi's brand	$53.13 TTD360.13	$108.97 ISK14,515	+105.1%
Regular dress from H&M or similar store	$41.10 TTD278.56	$49.72 ISK6,623	+21.0%
Running shoes Nike or Adidas	$113.07 TTD766.40	$151.85 ISK20,227	+34.3%
Men's business shoes (leather)	$92.43 TTD626.54	$194.16 ISK25,862	+110.0%
Average			+67.6%

Trinidad and Tobago vs. Reykjavik - 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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