Cost of Living Comparison Between George Town and Reykjavik Cost of Living Comparison Between George Town and Reykjavik

😐 Solo nomad: George Town is 0.3% more expensive than Reykjavik without rent, and 21.7% more expensive with rent.

🙂 Family of 3: George Town is 2.5% cheaper than Reykjavik without rent, and 29.9% more expensive with rent.

Meal at Budget Restaurant

$30.61 KYD 25.50

$26.70 ISK 3,364

14.64%

Three-Course Dinner for Two, Mid-Range

$142 KYD 118

$145 ISK 18.2K

-1.96%

Fast Food Meal (McDonalds, etc)

$15.72 KYD 13.10

$22.39 ISK 2,820

-29.79%

Cappuccino

$6.63 KYD 5.53

$6.06 ISK 764

9.41%

Coke/Pepsi/Fanta/Sprite (0.33 liter bottle)

$3.35 KYD 2.79

$3.28 ISK 414

2.13%

Water (0.33 liter bottle)

$2.59 KYD 2.16

$2.62 ISK 330

-1.15%

Local Beer (0.5 liter draught)

$8.99 KYD 7.49

$13.02 ISK 1,640

-30.95%

Imported Beer (0.33 liter bottle)

$8.39 KYD 6.99

$11.28 ISK 1,421

-25.62%

Milk (1 liter)

$2.88 KYD 2.40

$1.87 ISK 235

54.01%

White Bread (500g)

$5.53 KYD 4.60

$4.32 ISK 544

28.01%

Rice (white) (1kg)

$5.63 KYD 4.69

$3.71 ISK 468

51.75%

Eggs

$9.94 KYD 8.28

$6.52 ISK 821

52.45%

Local Cheese (1kg)

$11.65 KYD 9.70

$18.16 ISK 2,288

-35.85%

Chicken Fillets (1kg)

$15.94 KYD 13.28

$23.83 ISK 3,002

-33.11%

Beef Round Steak (1kg)

$16.27 KYD 13.55

$42.83 ISK 5,395

-62.01%

Apples (1kg)

$10.45 KYD 8.70

$3.37 ISK 424

210.09%

Banana (1kg)

$4.63 KYD 3.86

$2.50 ISK 315

85.20%

Oranges (1kg)

$7.78 KYD 6.48

$3.03 ISK 382

156.77%

Tomato (1kg)

$7.65 KYD 6.37

$4.98 ISK 627

53.61%

Potato (1kg)

$5.23 KYD 4.36

$3.66 ISK 461

42.90%

Onion (1kg)

$5.61 KYD 4.67

$2.40 ISK 302

133.75%

Lettuce (1 head)

$6.41 KYD 5.34

$3.06 ISK 386

109.48%

Water (1.5 liter bottle)

$3.03 KYD 2.53

$2.01 ISK 253

50.75%

Cigarettes 20 Pack (Marlboro, Camel)

$14.22 KYD 11.85

$13.82 ISK 1,741

2.89%

Wine (Bottle)

$26.58 KYD 22.14

$23.58 ISK 2,971

12.72%

Local Beer (0.5 liter bottle)

$4.05 KYD 3.38

$3.55 ISK 447

14.08%

Imported Beer (0.33 liter bottle)

$5.33 KYD 4.44

$3.24 ISK 408

64.51%

One-way Ticket (Public Transport)

$2.42 KYD 2.02

$5.19 ISK 654

-53.37%

Public Transport Monthly Pass (Regular Price)

$29.81 KYD 24.83

$87.7 ISK 11.0K

-66.00%

Taxi Start (Normal Tariff)

$17.80 KYD 14.83

$6.18 ISK 778

188.03%

Taxi (Normal Tariff) (1km)

$4.95 KYD 4.12

$2.64 ISK 333

87.50%

Taxi 1hour Waiting (Normal Tariff)

$59.1 KYD 49.22

$87.3 ISK 11.0K

-32.29%

Gasoline (1 liter)

$1.74 KYD 1.45

$2.56 ISK 322

-32.03%

Midsize Hatchback 1.4l (Volkswagen Golf, Toyota Prius, Honda Civic, etc)

$39.0K KYD 32.4K

$48.0K ISK 6.0M

-18.78%

Compact Sedan 1.6l (Toyota Corolla, Mazda3, Kia K4, Hyundai Elantra, etc)

$34.8K KYD 28.9K

$52.5K ISK 6.6M

-33.78%

Utilities for 2 People in 2-bedroom Apartment (Heating, Electricity, Gas, Water, Garbage) (85m2)

$396 KYD 330

$88.6 ISK 11.2K

347.13%

SIM Card Monthly Plan (Calls and 10GB+ Data)

$96.3 KYD 80.2

$27.96 ISK 3,522

244.35%

Internet (50+ Mbps, Unlimited Data)

$112 KYD 93.6

$84.7 ISK 10.7K

32.74%

Gym Membership (Monthly)

$107 KYD 88.7

$81.7 ISK 10.3K

30.43%

Tennis Court (1 Hour on Weekend)

$40.17 KYD 33.46

$38.00 ISK 4,786

5.71%

Cinema Ticket

$18.08 KYD 15.06

$17.53 ISK 2,208

3.14%

Preschool or Kindergarten, Full Day, Private, 1 Child (Monthly)

$1,748 KYD 1,456

$316 ISK 39.7K

453.80%

International Primary School, 1 Child (Yearly)

$25.1K KYD 20.9K

$30.1K ISK 3.8M

-16.61%

Jeans (Levis 501 Or Similar)

$90.0 KYD 74.9

$140 ISK 17.6K

-35.56%

Summer Dress (H&M, Zara, etc)

$71.4 KYD 59.4

$62.4 ISK 7,863

14.32%

Sport Shoes (Adidas, Nike)

$152 KYD 126

$182 ISK 22.9K

-16.57%

Men's Leather Business Shoes

$149 KYD 124

$264 ISK 33.2K

-43.69%

1-bedroom Apartment, City Center (Monthly)

$2,821 KYD 2,350

$2,225 ISK 280.3K

26.75%

1-bedroom Apartment, Outside City Center (Monthly)

$2,479 KYD 2,065

$2,047 ISK 257.9K

21.09%

3-bedroom Apartment, City Center (Monthly)

$5,706 KYD 4,753

$3,154 ISK 397.3K

80.91%

3-bedroom Apartment, Outside City Center (Monthly)

$4,577 KYD 3,812

$2,691 ISK 339.0K

70.08%

Buy Apartment in City Center (m2)

$8,821 KYD 7,348

$7,541 ISK 949.9K

16.98%

Buy Apartment Outside City Center (m2)

$2,224 KYD 1,852

$6,257 ISK 788.1K

-64.46%

Average Monthly Net Salary (After Tax)

$7,854 KYD 6,542

$4,489 ISK 565.5K

74.96%

20-Year Fixed Mortgage Interest Rate (Annual %)

8.25

9.63

-14.33%

CityCost data is based on AI and user input – minor inaccuracies may occur.

Last update for George Town: January 13, 2026

Last update for Reykjavik: January 10, 2026

City Median Internet Speeds Comparison (Updated December 2025)

The chart highlights the Precision Threshold for mobile and fixed broadband internet speeds, updated quarterly.

Digital Nomad Cost of Living Index

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