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

🙂 Solo nomad: Reykjavik is 0.3% cheaper than George Town without rent, and 17.8% cheaper with rent.

😐 Family of 3: Reykjavik is 2.5% more expensive than George Town without rent, and 23% cheaper with rent.

Meal at Budget Restaurant

$26.70 ISK 3,364

$30.61 KYD 25.50

-12.77%

Three-Course Dinner for Two, Mid-Range

$145 ISK 18.2K

$142 KYD 118

2.00%

Fast Food Meal (McDonalds, etc)

$22.39 ISK 2,820

$15.72 KYD 13.10

42.43%

Cappuccino

$6.06 ISK 764

$6.63 KYD 5.53

-8.60%

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

$3.28 ISK 414

$3.35 KYD 2.79

-2.09%

Water (0.33 liter bottle)

$2.62 ISK 330

$2.59 KYD 2.16

1.16%

Local Beer (0.5 liter draught)

$13.02 ISK 1,640

$8.99 KYD 7.49

44.83%

Imported Beer (0.33 liter bottle)

$11.28 ISK 1,421

$8.39 KYD 6.99

34.45%

Milk (1 liter)

$1.87 ISK 235

$2.88 KYD 2.40

-35.07%

White Bread (500g)

$4.32 ISK 544

$5.53 KYD 4.60

-21.88%

Rice (white) (1kg)

$3.71 ISK 468

$5.63 KYD 4.69

-34.10%

Eggs

$6.52 ISK 821

$9.94 KYD 8.28

-34.41%

Local Cheese (1kg)

$18.16 ISK 2,288

$11.65 KYD 9.70

55.88%

Chicken Fillets (1kg)

$23.83 ISK 3,002

$15.94 KYD 13.28

49.50%

Beef Round Steak (1kg)

$42.83 ISK 5,395

$16.27 KYD 13.55

163.25%

Apples (1kg)

$3.37 ISK 424

$10.45 KYD 8.70

-67.75%

Banana (1kg)

$2.50 ISK 315

$4.63 KYD 3.86

-46.00%

Oranges (1kg)

$3.03 ISK 382

$7.78 KYD 6.48

-61.05%

Tomato (1kg)

$4.98 ISK 627

$7.65 KYD 6.37

-34.90%

Potato (1kg)

$3.66 ISK 461

$5.23 KYD 4.36

-30.02%

Onion (1kg)

$2.40 ISK 302

$5.61 KYD 4.67

-57.22%

Lettuce (1 head)

$3.06 ISK 386

$6.41 KYD 5.34

-52.26%

Water (1.5 liter bottle)

$2.01 ISK 253

$3.03 KYD 2.53

-33.66%

Cigarettes 20 Pack (Marlboro, Camel)

$13.82 ISK 1,741

$14.22 KYD 11.85

-2.81%

Wine (Bottle)

$23.58 ISK 2,971

$26.58 KYD 22.14

-11.29%

Local Beer (0.5 liter bottle)

$3.55 ISK 447

$4.05 KYD 3.38

-12.35%

Imported Beer (0.33 liter bottle)

$3.24 ISK 408

$5.33 KYD 4.44

-39.21%

One-way Ticket (Public Transport)

$5.19 ISK 654

$2.42 KYD 2.02

114.46%

Public Transport Monthly Pass (Regular Price)

$87.7 ISK 11.0K

$29.81 KYD 24.83

194.10%

Taxi Start (Normal Tariff)

$6.18 ISK 778

$17.80 KYD 14.83

-65.28%

Taxi (Normal Tariff) (1km)

$2.64 ISK 333

$4.95 KYD 4.12

-46.67%

Taxi 1hour Waiting (Normal Tariff)

$87.3 ISK 11.0K

$59.1 KYD 49.22

47.69%

Gasoline (1 liter)

$2.56 ISK 322

$1.74 KYD 1.45

47.13%

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

$48.0K ISK 6.0M

$39.0K KYD 32.4K

23.12%

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

$52.5K ISK 6.6M

$34.8K KYD 28.9K

51.01%

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

$88.6 ISK 11.2K

$396 KYD 330

-77.64%

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

$27.96 ISK 3,522

$96.3 KYD 80.2

-70.96%

Internet (50+ Mbps, Unlimited Data)

$84.7 ISK 10.7K

$112 KYD 93.6

-24.66%

Gym Membership (Monthly)

$81.7 ISK 10.3K

$107 KYD 88.7

-23.33%

Tennis Court (1 Hour on Weekend)

$38.00 ISK 4,786

$40.17 KYD 33.46

-5.40%

Cinema Ticket

$17.53 ISK 2,208

$18.08 KYD 15.06

-3.04%

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

$316 ISK 39.7K

$1,748 KYD 1,456

-81.94%

International Primary School, 1 Child (Yearly)

$30.1K ISK 3.8M

$25.1K KYD 20.9K

19.92%

Jeans (Levis 501 Or Similar)

$140 ISK 17.6K

$90.0 KYD 74.9

55.19%

Summer Dress (H&M, Zara, etc)

$62.4 ISK 7,863

$71.4 KYD 59.4

-12.53%

Sport Shoes (Adidas, Nike)

$182 ISK 22.9K

$152 KYD 126

19.86%

Men's Leather Business Shoes

$264 ISK 33.2K

$149 KYD 124

77.59%

1-bedroom Apartment, City Center (Monthly)

$2,225 ISK 280.3K

$2,821 KYD 2,350

-21.10%

1-bedroom Apartment, Outside City Center (Monthly)

$2,047 ISK 257.9K

$2,479 KYD 2,065

-17.42%

3-bedroom Apartment, City Center (Monthly)

$3,154 ISK 397.3K

$5,706 KYD 4,753

-44.72%

3-bedroom Apartment, Outside City Center (Monthly)

$2,691 ISK 339.0K

$4,577 KYD 3,812

-41.20%

Buy Apartment in City Center (m2)

$7,541 ISK 949.9K

$8,821 KYD 7,348

-14.52%

Buy Apartment Outside City Center (m2)

$6,257 ISK 788.1K

$2,224 KYD 1,852

181.36%

Average Monthly Net Salary (After Tax)

$4,489 ISK 565.5K

$7,854 KYD 6,542

-42.84%

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: January 10, 2026

Last update for George Town: January 13, 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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