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

🙂 Solo nomad: George Town is 0.4% cheaper than Reykjavik without rent, and 19.4% more expensive with rent.

😐 Family of 3: George Town is 0.8% more expensive than Reykjavik without rent, and 30.3% more expensive with rent.

Meal at Budget Restaurant

$30.48 KYD 25.39

$27.22 ISK 3,339

11.98%

Three-Course Dinner for Two, Mid-Range

$143 KYD 119

$145 ISK 17.8K

-0.95%

Fast Food Meal (McDonalds, etc)

$15.71 KYD 13.08

$22.41 ISK 2,749

-29.90%

Cappuccino

$6.91 KYD 5.75

$5.94 ISK 729

16.33%

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

$3.43 KYD 2.86

$3.26 ISK 400

5.21%

Water (0.33 liter bottle)

$2.62 KYD 2.18

$2.54 ISK 312

3.15%

Local Beer (0.5 liter draught)

$8.94 KYD 7.45

$12.83 ISK 1,575

-30.32%

Imported Beer (0.33 liter bottle)

$8.41 KYD 7.00

$11.46 ISK 1,406

-26.61%

Milk (1 liter)

$3.05 KYD 2.54

$1.88 ISK 231

62.23%

White Bread (500g)

$5.23 KYD 4.36

$4.33 ISK 531

20.79%

Rice (white) (1kg)

$5.72 KYD 4.77

$3.57 ISK 438

60.22%

Eggs

$10.07 KYD 8.39

$6.56 ISK 805

53.51%

Local Cheese (1kg)

$11.91 KYD 9.92

$18.18 ISK 2,231

-34.49%

Chicken Fillets (1kg)

$16.00 KYD 13.33

$24.52 ISK 3,008

-34.75%

Beef Round Steak (1kg)

$16.85 KYD 14.04

$42.03 ISK 5,157

-59.91%

Apples (1kg)

$10.54 KYD 8.78

$3.20 ISK 392

229.37%

Banana (1kg)

$4.51 KYD 3.75

$2.42 ISK 297

86.36%

Oranges (1kg)

$7.99 KYD 6.65

$3.06 ISK 376

161.11%

Tomato (1kg)

$7.59 KYD 6.32

$4.86 ISK 597

56.17%

Potato (1kg)

$5.41 KYD 4.51

$3.66 ISK 449

47.81%

Onion (1kg)

$5.49 KYD 4.57

$2.34 ISK 287

134.62%

Lettuce (1 head)

$6.25 KYD 5.21

$3.14 ISK 385

99.04%

Water (1.5 liter bottle)

$3.04 KYD 2.53

$2.02 ISK 248

50.50%

Cigarettes 20 Pack (Marlboro, Camel)

$14.64 KYD 12.20

$13.91 ISK 1,707

5.25%

Wine (Bottle)

$24.66 KYD 20.54

$23.74 ISK 2,913

3.88%

Local Beer (0.5 liter bottle)

$4.06 KYD 3.38

$3.69 ISK 453

10.03%

Imported Beer (0.33 liter bottle)

$5.34 KYD 4.45

$3.23 ISK 396

65.33%

One-way Ticket (Public Transport)

$2.37 KYD 1.97

$5.29 ISK 649

-55.20%

Public Transport Monthly Pass (Regular Price)

$29.91 KYD 24.91

$88.2 ISK 10.8K

-66.09%

Taxi Start (Normal Tariff)

$18.27 KYD 15.21

$6.54 ISK 802

179.36%

Taxi (Normal Tariff) (1km)

$4.79 KYD 3.99

$2.60 ISK 319

84.23%

Taxi 1hour Waiting (Normal Tariff)

$60.1 KYD 50.1

$85.8 ISK 10.5K

-29.91%

Gasoline (1 liter)

$1.75 KYD 1.46

$2.51 ISK 309

-30.28%

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

$39.9K KYD 33.2K

$47.1K ISK 5.8M

-15.41%

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

$34.9K KYD 29.1K

$52.6K ISK 6.4M

-33.64%

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

$392 KYD 327

$89.2 ISK 10.9K

339.85%

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

$96.1 KYD 80.0

$27.07 ISK 3,321

254.86%

Internet (50+ Mbps, Unlimited Data)

$110 KYD 92.0

$84.2 ISK 10.3K

31.23%

Gym Membership (Monthly)

$105 KYD 87.3

$84.0 ISK 10.3K

24.85%

Tennis Court (1 Hour on Weekend)

$39.81 KYD 33.16

$38.09 ISK 4,673

4.52%

Cinema Ticket

$17.83 KYD 14.86

$17.42 ISK 2,138

2.35%

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

$1,718 KYD 1,431

$324 ISK 39.7K

430.75%

International Primary School, 1 Child (Yearly)

$24.9K KYD 20.8K

$30.5K ISK 3.7M

-18.15%

Jeans (Levis 501 Or Similar)

$89.4 KYD 74.5

$141 ISK 17.4K

-36.83%

Summer Dress (H&M, Zara, etc)

$69.3 KYD 57.8

$62.6 ISK 7,684

10.68%

Sport Shoes (Adidas, Nike)

$148 KYD 123

$183 ISK 22.5K

-19.52%

Men's Leather Business Shoes

$149 KYD 124

$268 ISK 32.9K

-44.54%

1-bedroom Apartment, City Center (Monthly)

$2,763 KYD 2,301

$2,197 ISK 269.5K

25.77%

1-bedroom Apartment, Outside City Center (Monthly)

$2,478 KYD 2,064

$2,053 ISK 251.9K

20.68%

3-bedroom Apartment, City Center (Monthly)

$5,519 KYD 4,598

$3,159 ISK 387.5K

74.74%

3-bedroom Apartment, Outside City Center (Monthly)

$4,636 KYD 3,861

$2,728 ISK 334.7K

69.90%

Buy Apartment in City Center (m2)

$8,706 KYD 7,252

$7,833 ISK 961.0K

11.14%

Buy Apartment Outside City Center (m2)

$2,223 KYD 1,852

$6,268 ISK 769.1K

-64.53%

Average Monthly Net Salary (After Tax)

$7,669 KYD 6,388

$4,471 ISK 548.6K

71.52%

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: March 1, 2026

Last update for Reykjavik: March 3, 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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