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

😐 Solo nomad: George Town is 3.6% more expensive than Reykjavik without rent, and 20.9% more expensive with rent.

🙂 Family of 3: George Town is 0.5% cheaper than Reykjavik without rent, and 33.5% more expensive with rent.

Meal at Budget Restaurant

$30.16 KYD 25.12

$26.47 ISK 3,231

13.94%

Three-Course Dinner for Two, Mid-Range

$143 KYD 119

$142 ISK 17.4K

0.53%

Fast Food Meal (McDonalds, etc)

$15.84 KYD 13.19

$22.61 ISK 2,760

-29.94%

Cappuccino

$6.90 KYD 5.75

$6.17 ISK 753

11.83%

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

$3.51 KYD 2.93

$3.35 ISK 409

4.78%

Water (0.33 liter bottle)

$2.67 KYD 2.22

$2.63 ISK 321

1.52%

Local Beer (0.5 liter draught)

$9.05 KYD 7.54

$12.64 ISK 1,543

-28.40%

Imported Beer (0.33 liter bottle)

$8.60 KYD 7.17

$11.33 ISK 1,384

-24.10%

Milk (1 liter)

$3.05 KYD 2.54

$1.93 ISK 236

58.03%

White Bread (500g)

$5.48 KYD 4.56

$4.15 ISK 507

32.05%

Rice (white) (1kg)

$5.68 KYD 4.73

$3.74 ISK 456

51.87%

Eggs

$9.90 KYD 8.25

$6.27 ISK 766

57.89%

Local Cheese (1kg)

$11.83 KYD 9.86

$17.92 ISK 2,188

-33.98%

Chicken Fillets (1kg)

$16.06 KYD 13.38

$24.05 ISK 2,936

-33.22%

Beef Round Steak (1kg)

$16.37 KYD 13.63

$42.07 ISK 5,136

-61.09%

Apples (1kg)

$10.68 KYD 8.90

$3.22 ISK 393

231.68%

Banana (1kg)

$4.61 KYD 3.84

$2.52 ISK 307

82.94%

Oranges (1kg)

$7.65 KYD 6.37

$3.09 ISK 377

147.57%

Tomato (1kg)

$7.50 KYD 6.25

$5.09 ISK 621

47.35%

Potato (1kg)

$5.29 KYD 4.40

$3.58 ISK 437

47.77%

Onion (1kg)

$5.62 KYD 4.68

$2.44 ISK 297

130.33%

Lettuce (1 head)

$6.42 KYD 5.35

$3.18 ISK 389

101.89%

Water (1.5 liter bottle)

$2.92 KYD 2.43

$1.94 ISK 237

50.52%

Cigarettes 20 Pack (Marlboro, Camel)

$14.36 KYD 11.96

$13.71 ISK 1,674

4.74%

Wine (Bottle)

$25.67 KYD 21.38

$22.59 ISK 2,758

13.63%

Local Beer (0.5 liter bottle)

$3.95 KYD 3.29

$3.55 ISK 434

11.27%

Imported Beer (0.33 liter bottle)

$5.38 KYD 4.48

$3.33 ISK 406

61.56%

One-way Ticket (Public Transport)

$2.45 KYD 2.04

$5.28 ISK 644

-53.60%

Public Transport Monthly Pass (Regular Price)

$30.05 KYD 25.03

$87.1 ISK 10.6K

-65.48%

Taxi Start (Normal Tariff)

$17.80 KYD 14.83

$6.25 ISK 763

184.80%

Taxi (Normal Tariff) (1km)

$4.97 KYD 4.14

$2.51 ISK 307

98.01%

Taxi 1hour Waiting (Normal Tariff)

$60.1 KYD 50.0

$84.7 ISK 10.3K

-29.12%

Gasoline (1 liter)

$1.77 KYD 1.47

$2.46 ISK 300

-28.05%

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

$39.7K KYD 33.1K

$46.5K ISK 5.7M

-14.51%

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

$33.8K KYD 28.2K

$51.5K ISK 6.3M

-34.36%

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

$388 KYD 324

$87.7 ISK 10.7K

343.03%

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

$99.2 KYD 82.6

$27.91 ISK 3,407

255.43%

Internet (50+ Mbps, Unlimited Data)

$111 KYD 92.1

$84.5 ISK 10.3K

30.88%

Gym Membership (Monthly)

$107 KYD 88.7

$82.7 ISK 10.1K

28.84%

Tennis Court (1 Hour on Weekend)

$39.90 KYD 33.23

$37.97 ISK 4,635

5.08%

Cinema Ticket

$18.26 KYD 15.21

$17.78 ISK 2,170

2.70%

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

$1,750 KYD 1,457

$324 ISK 39.6K

439.24%

International Primary School, 1 Child (Yearly)

$24.4K KYD 20.4K

$29.7K ISK 3.6M

-17.58%

Jeans (Levis 501 Or Similar)

$91.3 KYD 76.1

$140 ISK 17.1K

-34.87%

Summer Dress (H&M, Zara, etc)

$70.7 KYD 58.9

$60.6 ISK 7,399

16.66%

Sport Shoes (Adidas, Nike)

$150 KYD 125

$181 ISK 22.1K

-17.04%

Men's Leather Business Shoes

$148 KYD 123

$263 ISK 32.1K

-43.64%

1-bedroom Apartment, City Center (Monthly)

$2,774 KYD 2,311

$2,250 ISK 274.7K

23.28%

1-bedroom Apartment, Outside City Center (Monthly)

$2,463 KYD 2,051

$2,007 ISK 245.0K

22.68%

3-bedroom Apartment, City Center (Monthly)

$5,647 KYD 4,704

$3,118 ISK 380.6K

81.13%

3-bedroom Apartment, Outside City Center (Monthly)

$4,694 KYD 3,910

$2,755 ISK 336.3K

70.38%

Buy Apartment in City Center (m2)

$8,660 KYD 7,214

$8,013 ISK 978.1K

8.07%

Buy Apartment Outside City Center (m2)

$2,234 KYD 1,861

$6,528 ISK 796.9K

-65.78%

Average Monthly Net Salary (After Tax)

$7,936 KYD 6,611

$4,449 ISK 543.1K

78.38%

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: April 11, 2026

Last update for Reykjavik: April 14, 2026

City Median Internet Speeds Comparison (Updated April 2026)

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

Digital Nomad Cost of Living Index

George Town vs other spots: cost of living compared

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