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

😐 Solo nomad: George Town is 1.5% more expensive than Reykjavik without rent, and 20.1% more expensive with rent.

😐 Family of 3: George Town is 0.5% more expensive than Reykjavik without rent, and 30.9% more expensive with rent.

Meal at Budget Restaurant

$29.59 KYD 24.26

$26.9 ISK 3,355

10.00%

Three-Course Dinner for Two, Mid-Range

$144 KYD 118

$146 ISK 18.3K

-1.61%

Fast Food Meal (McDonalds, etc)

$15.38 KYD 12.61

$22.18 ISK 2,767

-30.66%

Cappuccino

$6.78 KYD 5.56

$6.08 ISK 758

11.51%

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

$3.41 KYD 2.79

$3.4 ISK 424

0.29%

Water (0.33 liter bottle)

$2.68 KYD 2.19

$2.5 ISK 312

7.20%

Local Beer (0.5 liter draught)

$9.18 KYD 7.53

$12.96 ISK 1,617

-29.17%

Imported Beer (0.33 liter bottle)

$8.43 KYD 6.91

$11.05 ISK 1,379

-23.71%

Milk (1 liter)

$3.01 KYD 2.47

$1.88 ISK 234

60.11%

White Bread (500g)

$5.53 KYD 4.53

$4.26 ISK 531

29.81%

Rice (white) (1kg)

$5.75 KYD 4.72

$3.67 ISK 458

56.68%

Eggs

$9.72 KYD 7.97

$6.51 ISK 813

49.31%

Local Cheese (1kg)

$11.91 KYD 9.77

$17.83 ISK 2,224

-33.20%

Chicken Fillets (1kg)

$15.7 KYD 12.87

$24.1 ISK 3,006

-34.85%

Beef Round Steak (1kg)

$16.46 KYD 13.49

$43.22 ISK 5,391

-61.92%

Apples (1kg)

$10.68 KYD 8.76

$3.19 ISK 397

234.80%

Banana (1kg)

$4.45 KYD 3.65

$2.54 ISK 317

75.20%

Oranges (1kg)

$7.92 KYD 6.49

$3.09 ISK 386

156.31%

Tomato (1kg)

$7.45 KYD 6.11

$5.03 ISK 628

48.11%

Potato (1kg)

$5.16 KYD 4.23

$3.59 ISK 447

43.73%

Onion (1kg)

$5.46 KYD 4.48

$2.4 ISK 300

127.50%

Lettuce (1 head)

$6.2 KYD 5.09

$3.08 ISK 384

101.30%

Water (1.5 liter bottle)

$2.87 KYD 2.35

$2.01 ISK 250

42.79%

Cigarettes 20 Pack (Marlboro, Camel)

$14.53 KYD 11.91

$13.9 ISK 1,734

4.53%

Wine (Bottle)

$22.37 KYD 18.34

$23.87 ISK 2,978

-6.28%

Local Beer (0.5 liter bottle)

$3.97 KYD 3.25

$3.62 ISK 452

9.67%

Imported Beer (0.33 liter bottle)

$5.18 KYD 4.25

$3.32 ISK 414

56.02%

One-way Ticket (Public Transport)

$2.47 KYD 2.03

$5.27 ISK 658

-53.13%

Public Transport Monthly Pass (Regular Price)

$30.04 KYD 24.63

$86.4 ISK 10.8K

-65.24%

Taxi Start (Normal Tariff)

$17.83 KYD 14.62

$6.26 ISK 781

184.82%

Taxi (Normal Tariff) (1km)

$4.97 KYD 4.07

$2.53 ISK 316

96.44%

Taxi 1hour Waiting (Normal Tariff)

$60 KYD 49.17

$85.2 ISK 10.6K

-29.64%

Gasoline (1 liter)

$1.68 KYD 1.38

$2.57 ISK 321

-34.63%

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

$38.4K KYD 31.5K

$47.8K ISK 6M

-19.77%

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

$34.6K KYD 28.3K

$52.4K ISK 6.5M

-34.06%

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

$397 KYD 325

$86.5 ISK 10.8K

358.51%

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

$97.4 KYD 79.9

$26.91 ISK 3,357

261.95%

Internet (50+ Mbps, Unlimited Data)

$109 KYD 89.3

$84.9 ISK 10.6K

28.30%

Gym Membership (Monthly)

$107 KYD 87.9

$82.7 ISK 10.3K

29.69%

Tennis Court (1 Hour on Weekend)

$40.95 KYD 33.58

$38.2 ISK 4,765

7.20%

Cinema Ticket

$17.92 KYD 14.7

$17.83 ISK 2,225

0.50%

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

$1,700 KYD 1,394

$318 ISK 39.7K

433.68%

International Primary School, 1 Child (Yearly)

$24.4K KYD 20K

$29.9K ISK 3.7M

-18.32%

Jeans (Levis 501 Or Similar)

$91.1 KYD 74.7

$141 ISK 17.6K

-35.37%

Summer Dress (H&M, Zara, etc)

$71 KYD 58.2

$62.4 ISK 7,785

13.72%

Sport Shoes (Adidas, Nike)

$147 KYD 121

$183 ISK 22.9K

-19.70%

Men's Leather Business Shoes

$145 KYD 119

$267 ISK 33.3K

-45.52%

1-bedroom Apartment, City Center (Monthly)

$2,793 KYD 2,290

$2,179 ISK 271.8K

28.20%

1-bedroom Apartment, Outside City Center (Monthly)

$2,494 KYD 2,045

$2,000 ISK 249.6K

24.68%

3-bedroom Apartment, City Center (Monthly)

$5,550 KYD 4,551

$3,152 ISK 393.2K

76.11%

3-bedroom Apartment, Outside City Center (Monthly)

$4,554 KYD 3,734

$2,726 ISK 340.1K

67.05%

Buy Apartment in City Center (m2)

$10.8K KYD 8,885

$7,821 ISK 975.7K

38.54%

Buy Apartment Outside City Center (m2)

$4,136 KYD 3,391

$6,501 ISK 811K

-36.38%

Average Monthly Net Salary (After Tax)

$6,868 KYD 5,632

$4,376 ISK 546K

56.94%

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: October 29, 2025

Last update for Reykjavik: October 28, 2025

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