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

😐 Solo nomad: Reykjavik is 0.4% more expensive than George Town without rent, and 16.2% cheaper with rent.

🙂 Family of 3: Reykjavik is 0.8% cheaper than George Town without rent, and 23.2% cheaper with rent.

Meal at Budget Restaurant

$27.22 ISK 3,339

$30.48 KYD 25.39

-10.70%

Three-Course Dinner for Two, Mid-Range

$145 ISK 17.8K

$143 KYD 119

0.96%

Fast Food Meal (McDonalds, etc)

$22.41 ISK 2,749

$15.71 KYD 13.08

42.65%

Cappuccino

$5.94 ISK 729

$6.91 KYD 5.75

-14.04%

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

$3.26 ISK 400

$3.43 KYD 2.86

-4.96%

Water (0.33 liter bottle)

$2.54 ISK 312

$2.62 KYD 2.18

-3.05%

Local Beer (0.5 liter draught)

$12.83 ISK 1,575

$8.94 KYD 7.45

43.51%

Imported Beer (0.33 liter bottle)

$11.46 ISK 1,406

$8.41 KYD 7.00

36.27%

Milk (1 liter)

$1.88 ISK 231

$3.05 KYD 2.54

-38.36%

White Bread (500g)

$4.33 ISK 531

$5.23 KYD 4.36

-17.21%

Rice (white) (1kg)

$3.57 ISK 438

$5.72 KYD 4.77

-37.59%

Eggs

$6.56 ISK 805

$10.07 KYD 8.39

-34.86%

Local Cheese (1kg)

$18.18 ISK 2,231

$11.91 KYD 9.92

52.64%

Chicken Fillets (1kg)

$24.52 ISK 3,008

$16.00 KYD 13.33

53.25%

Beef Round Steak (1kg)

$42.03 ISK 5,157

$16.85 KYD 14.04

149.44%

Apples (1kg)

$3.20 ISK 392

$10.54 KYD 8.78

-69.64%

Banana (1kg)

$2.42 ISK 297

$4.51 KYD 3.75

-46.34%

Oranges (1kg)

$3.06 ISK 376

$7.99 KYD 6.65

-61.70%

Tomato (1kg)

$4.86 ISK 597

$7.59 KYD 6.32

-35.97%

Potato (1kg)

$3.66 ISK 449

$5.41 KYD 4.51

-32.35%

Onion (1kg)

$2.34 ISK 287

$5.49 KYD 4.57

-57.38%

Lettuce (1 head)

$3.14 ISK 385

$6.25 KYD 5.21

-49.76%

Water (1.5 liter bottle)

$2.02 ISK 248

$3.04 KYD 2.53

-33.55%

Cigarettes 20 Pack (Marlboro, Camel)

$13.91 ISK 1,707

$14.64 KYD 12.20

-4.99%

Wine (Bottle)

$23.74 ISK 2,913

$24.66 KYD 20.54

-3.73%

Local Beer (0.5 liter bottle)

$3.69 ISK 453

$4.06 KYD 3.38

-9.11%

Imported Beer (0.33 liter bottle)

$3.23 ISK 396

$5.34 KYD 4.45

-39.51%

One-way Ticket (Public Transport)

$5.29 ISK 649

$2.37 KYD 1.97

123.21%

Public Transport Monthly Pass (Regular Price)

$88.2 ISK 10.8K

$29.91 KYD 24.91

194.92%

Taxi Start (Normal Tariff)

$6.54 ISK 802

$18.27 KYD 15.21

-64.20%

Taxi (Normal Tariff) (1km)

$2.60 ISK 319

$4.79 KYD 3.99

-45.72%

Taxi 1hour Waiting (Normal Tariff)

$85.8 ISK 10.5K

$60.1 KYD 50.1

42.67%

Gasoline (1 liter)

$2.51 ISK 309

$1.75 KYD 1.46

43.43%

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

$47.1K ISK 5.8M

$39.9K KYD 33.2K

18.22%

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

$52.6K ISK 6.4M

$34.9K KYD 29.1K

50.69%

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

$89.2 ISK 10.9K

$392 KYD 327

-77.26%

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

$27.07 ISK 3,321

$96.1 KYD 80.0

-71.82%

Internet (50+ Mbps, Unlimited Data)

$84.2 ISK 10.3K

$110 KYD 92.0

-23.80%

Gym Membership (Monthly)

$84.0 ISK 10.3K

$105 KYD 87.3

-19.90%

Tennis Court (1 Hour on Weekend)

$38.09 ISK 4,673

$39.81 KYD 33.16

-4.32%

Cinema Ticket

$17.42 ISK 2,138

$17.83 KYD 14.86

-2.30%

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

$324 ISK 39.7K

$1,718 KYD 1,431

-81.16%

International Primary School, 1 Child (Yearly)

$30.5K ISK 3.7M

$24.9K KYD 20.8K

22.18%

Jeans (Levis 501 Or Similar)

$141 ISK 17.4K

$89.4 KYD 74.5

58.30%

Summer Dress (H&M, Zara, etc)

$62.6 ISK 7,684

$69.3 KYD 57.8

-9.65%

Sport Shoes (Adidas, Nike)

$183 ISK 22.5K

$148 KYD 123

24.25%

Men's Leather Business Shoes

$268 ISK 32.9K

$149 KYD 124

80.32%

1-bedroom Apartment, City Center (Monthly)

$2,197 ISK 269.5K

$2,763 KYD 2,301

-20.49%

1-bedroom Apartment, Outside City Center (Monthly)

$2,053 ISK 251.9K

$2,478 KYD 2,064

-17.14%

3-bedroom Apartment, City Center (Monthly)

$3,159 ISK 387.5K

$5,519 KYD 4,598

-42.77%

3-bedroom Apartment, Outside City Center (Monthly)

$2,728 ISK 334.7K

$4,636 KYD 3,861

-41.14%

Buy Apartment in City Center (m2)

$7,833 ISK 961.0K

$8,706 KYD 7,252

-10.03%

Buy Apartment Outside City Center (m2)

$6,268 ISK 769.1K

$2,223 KYD 1,852

181.94%

Average Monthly Net Salary (After Tax)

$4,471 ISK 548.6K

$7,669 KYD 6,388

-41.70%

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: March 3, 2026

Last update for George Town: March 1, 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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