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

🙂 Solo nomad: Reykjavik is 1.5% cheaper than George Town without rent, and 16.7% cheaper with rent.

🙂 Family of 3: Reykjavik is 0.5% cheaper than George Town without rent, and 23.6% cheaper with rent.

Meal at Budget Restaurant

$26.9 ISK 3,355

$29.59 KYD 24.26

-9.09%

Three-Course Dinner for Two, Mid-Range

$146 ISK 18.3K

$144 KYD 118

1.64%

Fast Food Meal (McDonalds, etc)

$22.18 ISK 2,767

$15.38 KYD 12.61

44.21%

Cappuccino

$6.08 ISK 758

$6.78 KYD 5.56

-10.32%

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

$3.4 ISK 424

$3.41 KYD 2.79

-0.29%

Water (0.33 liter bottle)

$2.5 ISK 312

$2.68 KYD 2.19

-6.72%

Local Beer (0.5 liter draught)

$12.96 ISK 1,617

$9.18 KYD 7.53

41.18%

Imported Beer (0.33 liter bottle)

$11.05 ISK 1,379

$8.43 KYD 6.91

31.08%

Milk (1 liter)

$1.88 ISK 234

$3.01 KYD 2.47

-37.54%

White Bread (500g)

$4.26 ISK 531

$5.53 KYD 4.53

-22.97%

Rice (white) (1kg)

$3.67 ISK 458

$5.75 KYD 4.72

-36.17%

Eggs

$6.51 ISK 813

$9.72 KYD 7.97

-33.02%

Local Cheese (1kg)

$17.83 ISK 2,224

$11.91 KYD 9.77

49.71%

Chicken Fillets (1kg)

$24.1 ISK 3,006

$15.7 KYD 12.87

53.50%

Beef Round Steak (1kg)

$43.22 ISK 5,391

$16.46 KYD 13.49

162.58%

Apples (1kg)

$3.19 ISK 397

$10.68 KYD 8.76

-70.13%

Banana (1kg)

$2.54 ISK 317

$4.45 KYD 3.65

-42.92%

Oranges (1kg)

$3.09 ISK 386

$7.92 KYD 6.49

-60.98%

Tomato (1kg)

$5.03 ISK 628

$7.45 KYD 6.11

-32.48%

Potato (1kg)

$3.59 ISK 447

$5.16 KYD 4.23

-30.43%

Onion (1kg)

$2.4 ISK 300

$5.46 KYD 4.48

-56.04%

Lettuce (1 head)

$3.08 ISK 384

$6.2 KYD 5.09

-50.32%

Water (1.5 liter bottle)

$2.01 ISK 250

$2.87 KYD 2.35

-29.97%

Cigarettes 20 Pack (Marlboro, Camel)

$13.9 ISK 1,734

$14.53 KYD 11.91

-4.34%

Wine (Bottle)

$23.87 ISK 2,978

$22.37 KYD 18.34

6.71%

Local Beer (0.5 liter bottle)

$3.62 ISK 452

$3.97 KYD 3.25

-8.82%

Imported Beer (0.33 liter bottle)

$3.32 ISK 414

$5.18 KYD 4.25

-35.91%

One-way Ticket (Public Transport)

$5.27 ISK 658

$2.47 KYD 2.03

113.36%

Public Transport Monthly Pass (Regular Price)

$86.4 ISK 10.8K

$30.04 KYD 24.63

187.68%

Taxi Start (Normal Tariff)

$6.26 ISK 781

$17.83 KYD 14.62

-64.89%

Taxi (Normal Tariff) (1km)

$2.53 ISK 316

$4.97 KYD 4.07

-49.09%

Taxi 1hour Waiting (Normal Tariff)

$85.2 ISK 10.6K

$60 KYD 49.17

42.13%

Gasoline (1 liter)

$2.57 ISK 321

$1.68 KYD 1.38

52.98%

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

$47.8K ISK 6M

$38.4K KYD 31.5K

24.65%

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

$52.4K ISK 6.5M

$34.6K KYD 28.3K

51.66%

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

$86.5 ISK 10.8K

$397 KYD 325

-78.19%

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

$26.91 ISK 3,357

$97.4 KYD 79.9

-72.37%

Internet (50+ Mbps, Unlimited Data)

$84.9 ISK 10.6K

$109 KYD 89.3

-22.06%

Gym Membership (Monthly)

$82.7 ISK 10.3K

$107 KYD 87.9

-22.89%

Tennis Court (1 Hour on Weekend)

$38.2 ISK 4,765

$40.95 KYD 33.58

-6.72%

Cinema Ticket

$17.83 ISK 2,225

$17.92 KYD 14.7

-0.50%

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

$318 ISK 39.7K

$1,700 KYD 1,394

-81.26%

International Primary School, 1 Child (Yearly)

$29.9K ISK 3.7M

$24.4K KYD 20K

22.43%

Jeans (Levis 501 Or Similar)

$141 ISK 17.6K

$91.1 KYD 74.7

54.73%

Summer Dress (H&M, Zara, etc)

$62.4 ISK 7,785

$71 KYD 58.2

-12.06%

Sport Shoes (Adidas, Nike)

$183 ISK 22.9K

$147 KYD 121

24.53%

Men's Leather Business Shoes

$267 ISK 33.3K

$145 KYD 119

83.56%

1-bedroom Apartment, City Center (Monthly)

$2,179 ISK 271.8K

$2,793 KYD 2,290

-22.00%

1-bedroom Apartment, Outside City Center (Monthly)

$2,000 ISK 249.6K

$2,494 KYD 2,045

-19.79%

3-bedroom Apartment, City Center (Monthly)

$3,152 ISK 393.2K

$5,550 KYD 4,551

-43.22%

3-bedroom Apartment, Outside City Center (Monthly)

$2,726 ISK 340.1K

$4,554 KYD 3,734

-40.14%

Buy Apartment in City Center (m2)

$7,821 ISK 975.7K

$10.8K KYD 8,885

-27.82%

Buy Apartment Outside City Center (m2)

$6,501 ISK 811K

$4,136 KYD 3,391

57.19%

Average Monthly Net Salary (After Tax)

$4,376 ISK 546K

$6,868 KYD 5,632

-36.28%

20-Year Fixed Mortgage Interest Rate (Annual %)

9.63

8.25

16.73%

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

Last update for Reykjavik: October 28, 2025

Last update for George Town: October 29, 2025

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