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

🙂 Solo nomad: Reykjavik is 3.4% cheaper than George Town without rent, and 17.3% cheaper with rent.

😐 Family of 3: Reykjavik is 0.5% more expensive than George Town without rent, and 25.1% cheaper with rent.

Meal at Budget Restaurant

$26.47 ISK 3,231

$30.16 KYD 25.12

-12.23%

Three-Course Dinner for Two, Mid-Range

$142 ISK 17.4K

$143 KYD 119

-0.52%

Fast Food Meal (McDonalds, etc)

$22.61 ISK 2,760

$15.84 KYD 13.19

42.74%

Cappuccino

$6.17 ISK 753

$6.90 KYD 5.75

-10.58%

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

$3.35 ISK 409

$3.51 KYD 2.93

-4.56%

Water (0.33 liter bottle)

$2.63 ISK 321

$2.67 KYD 2.22

-1.50%

Local Beer (0.5 liter draught)

$12.64 ISK 1,543

$9.05 KYD 7.54

39.67%

Imported Beer (0.33 liter bottle)

$11.33 ISK 1,384

$8.60 KYD 7.17

31.74%

Milk (1 liter)

$1.93 ISK 236

$3.05 KYD 2.54

-36.72%

White Bread (500g)

$4.15 ISK 507

$5.48 KYD 4.56

-24.27%

Rice (white) (1kg)

$3.74 ISK 456

$5.68 KYD 4.73

-34.15%

Eggs

$6.27 ISK 766

$9.90 KYD 8.25

-36.67%

Local Cheese (1kg)

$17.92 ISK 2,188

$11.83 KYD 9.86

51.48%

Chicken Fillets (1kg)

$24.05 ISK 2,936

$16.06 KYD 13.38

49.75%

Beef Round Steak (1kg)

$42.07 ISK 5,136

$16.37 KYD 13.63

156.99%

Apples (1kg)

$3.22 ISK 393

$10.68 KYD 8.90

-69.85%

Banana (1kg)

$2.52 ISK 307

$4.61 KYD 3.84

-45.34%

Oranges (1kg)

$3.09 ISK 377

$7.65 KYD 6.37

-59.61%

Tomato (1kg)

$5.09 ISK 621

$7.50 KYD 6.25

-32.13%

Potato (1kg)

$3.58 ISK 437

$5.29 KYD 4.40

-32.33%

Onion (1kg)

$2.44 ISK 297

$5.62 KYD 4.68

-56.58%

Lettuce (1 head)

$3.18 ISK 389

$6.42 KYD 5.35

-50.47%

Water (1.5 liter bottle)

$1.94 ISK 237

$2.92 KYD 2.43

-33.56%

Cigarettes 20 Pack (Marlboro, Camel)

$13.71 ISK 1,674

$14.36 KYD 11.96

-4.53%

Wine (Bottle)

$22.59 ISK 2,758

$25.67 KYD 21.38

-12.00%

Local Beer (0.5 liter bottle)

$3.55 ISK 434

$3.95 KYD 3.29

-10.13%

Imported Beer (0.33 liter bottle)

$3.33 ISK 406

$5.38 KYD 4.48

-38.10%

One-way Ticket (Public Transport)

$5.28 ISK 644

$2.45 KYD 2.04

115.51%

Public Transport Monthly Pass (Regular Price)

$87.1 ISK 10.6K

$30.05 KYD 25.03

189.72%

Taxi Start (Normal Tariff)

$6.25 ISK 763

$17.80 KYD 14.83

-64.89%

Taxi (Normal Tariff) (1km)

$2.51 ISK 307

$4.97 KYD 4.14

-49.50%

Taxi 1hour Waiting (Normal Tariff)

$84.7 ISK 10.3K

$60.1 KYD 50.0

41.08%

Gasoline (1 liter)

$2.46 ISK 300

$1.77 KYD 1.47

38.98%

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

$46.5K ISK 5.7M

$39.7K KYD 33.1K

16.97%

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

$51.5K ISK 6.3M

$33.8K KYD 28.2K

52.36%

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

$87.7 ISK 10.7K

$388 KYD 324

-77.43%

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

$27.91 ISK 3,407

$99.2 KYD 82.6

-71.86%

Internet (50+ Mbps, Unlimited Data)

$84.5 ISK 10.3K

$111 KYD 92.1

-23.60%

Gym Membership (Monthly)

$82.7 ISK 10.1K

$107 KYD 88.7

-22.38%

Tennis Court (1 Hour on Weekend)

$37.97 ISK 4,635

$39.90 KYD 33.23

-4.84%

Cinema Ticket

$17.78 ISK 2,170

$18.26 KYD 15.21

-2.63%

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

$324 ISK 39.6K

$1,750 KYD 1,457

-81.46%

International Primary School, 1 Child (Yearly)

$29.7K ISK 3.6M

$24.4K KYD 20.4K

21.34%

Jeans (Levis 501 Or Similar)

$140 ISK 17.1K

$91.3 KYD 76.1

53.54%

Summer Dress (H&M, Zara, etc)

$60.6 ISK 7,399

$70.7 KYD 58.9

-14.28%

Sport Shoes (Adidas, Nike)

$181 ISK 22.1K

$150 KYD 125

20.54%

Men's Leather Business Shoes

$263 ISK 32.1K

$148 KYD 123

77.43%

1-bedroom Apartment, City Center (Monthly)

$2,250 ISK 274.7K

$2,774 KYD 2,311

-18.88%

1-bedroom Apartment, Outside City Center (Monthly)

$2,007 ISK 245.0K

$2,463 KYD 2,051

-18.49%

3-bedroom Apartment, City Center (Monthly)

$3,118 ISK 380.6K

$5,647 KYD 4,704

-44.79%

3-bedroom Apartment, Outside City Center (Monthly)

$2,755 ISK 336.3K

$4,694 KYD 3,910

-41.31%

Buy Apartment in City Center (m2)

$8,013 ISK 978.1K

$8,660 KYD 7,214

-7.47%

Buy Apartment Outside City Center (m2)

$6,528 ISK 796.9K

$2,234 KYD 1,861

192.26%

Average Monthly Net Salary (After Tax)

$4,449 ISK 543.1K

$7,936 KYD 6,611

-43.94%

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: April 14, 2026

Last update for George Town: April 11, 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

Reykjavik vs other spots: cost of living compared

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