Cost of living comparison

compared to

Iceland vs. Cayman Islands Cost of Living Summary

Iceland is 3.6% more expensive than Cayman Islands overall.

Restaurants: pay 13.8% more in Iceland
Groceries: pay 22.3% less in Iceland
Transportation: pay 49.6% more in Iceland
Housing: pay 28.6% less in Iceland
Childcare: pay 20.6% less in Iceland
Entertainment and Sports: pay 7.7% less in Iceland
Clothing: pay 40.8% more in Iceland

The cost of transportation, clothing, and restaurants in Iceland are more expensive than in Cayman Islands. Expenses including housing, groceries, childcare, and entertainment and sports are lower in Iceland.

Iceland vs. Cayman Islands Cost Breakdown

If you lived in Iceland instead of Cayman Islands, you would:

Display currency: USD

pay 13.8% more for restaurants

	Cayman Islands	Iceland
Basic meal with drink at inexpensive restaurant	$25.98 KYD21.59	$26.52 ISK3,254	+2.1%
Fast food combo meal McDonalds, or similar	$13.39 KYD11.13	$21.32 ISK2,616	+59.1%
Bottle of Coca-Cola (11 fl. oz)	$3.43 KYD2.85	$3.11 ISK382	-9.3%
Bottle of water (11 fl. oz)	$2.64 KYD2.19	$2.72 ISK334	+3.1%
Average			+13.8%

Cayman Islands vs. Iceland - Cost of restaurants

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pay 22.3% less for groceries

	Cayman Islands	Iceland
Bread 1 loaf	$5.68 KYD4.72	$3.80 ISK467	-33.1%
Local cheese (8 oz)	$5.40 KYD4.49	$9.44 ISK1,158	+74.6%
Milk (1 gallon)	$11.94 KYD9.92	$7.78 ISK955	-34.8%
Eggs 1 dozen	$7.93 KYD6.59	$6.71 ISK823	-15.4%
Boneless chicken breast (1 lb)	$7.20 KYD5.98	$11.22 ISK1,377	+55.9%
Apples (1 lb)	$4.75 KYD3.95	$1.50 ISK184	-68.5%
Bananas (1 lb)	$2.05 KYD1.70	$1.15 ISK141	-44.1%
Oranges (1 lb)	$3.53 KYD2.93	$1.41 ISK174	-59.9%
Tomatoes (1 lb)	$3.46 KYD2.88	$2.34 ISK287	-32.5%
Potatoes (1 lb)	$2.40 KYD2.00	$1.65 ISK202	-31.4%
Onions (1 lb)	$2.51 KYD2.09	$1.09 ISK134	-56.5%
Average			-22.3%

Cayman Islands vs. Iceland - Cost of groceries

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pay 49.6% more for transportation

	Cayman Islands	Iceland
Gasoline (1 gallon)	$6.42 KYD5.34	$9.65 ISK1,185	+50.3%
Monthly public transit pass	$29.99 KYD24.92	$79.56 ISK9,763	+165.3%
New Volkswagen Golf 1.4 (standard edition)	$35,985.79 KYD29,900.67	$49,144.25 ISK6M	+36.6%
Taxi trip in downtown area (5 miles)	$55.34 KYD45.98	$25.55 ISK3,136	-53.8%
Average			+49.6%

Cayman Islands vs. Iceland - Cost of transportation

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pay 28.6% less for housing

	Cayman Islands	Iceland
Internet connection 50 mbps or faster, cable/dsl	$110.43 KYD91.75	$95.65 ISK11,737	-13.4%
1-Bedroom apartment in downtown area	$2,734.92 KYD2,272.45	$2,289.17 ISK281K	-16.3%
1-Bedroom apartment outside city center	$1,947.14 KYD1,617.88	$1,830.04 ISK225K	-6.0%
Utilities for two (700 sq ft apartment) including electric, gas, water, heating	$305.30 KYD253.67	$65.15 ISK7,994	-78.7%
Average			-28.6%

Cayman Islands vs. Iceland - Cost of housing

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pay 20.6% less for childcare

	Cayman Islands	Iceland
Private preschool for 1 child, monthly	$1,591.04 KYD1,322.00	$334.67 ISK41,067	-79.0%
Middle school for 1 child, two semesters	$22,294.31 KYD18,524.39	$30,711.08 ISK4M	+37.8%
Average			-20.6%

Cayman Islands vs. Iceland - Cost of childcare

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pay 7.7% less for entertainment and sports

	Cayman Islands	Iceland
Domestic/local beer (1 pint)	$8.40 KYD6.98	$11.14 ISK1,367	+32.7%
Cappuccino in mid-range area	$6.53 KYD5.43	$5.62 ISK690	-13.9%
Pack of cigarettes Marlboro or similar	$14.39 KYD11.96	$13.90 ISK1,705	-3.5%
Monthly membership at local gym	$147.84 KYD122.84	$78.17 ISK9,593	-47.1%
Movie ticket to theater/cinema	$17.99 KYD14.95	$16.75 ISK2,056	-6.9%
Average			-7.7%

Cayman Islands vs. Iceland - Cost of entertainment and sports

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pay 40.8% more for clothing

	Cayman Islands	Iceland
Regular jeans Levi's brand	$74.97 KYD62.29	$130.91 ISK16,063	+74.6%
Regular dress from H&M or similar store	$70.47 KYD58.56	$61.83 ISK7,587	-12.3%
Running shoes Nike or Adidas	$127.28 KYD105.76	$163.81 ISK20,102	+28.7%
Men's business shoes (leather)	$137.95 KYD114.62	$237.31 ISK29,120	+72.0%
Average			+40.8%

Cayman Islands vs. Iceland - Cost of clothing

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The statistics used to build this comparison are calculated using data from users just like you. We average the price of thousands of data points entered by users across the world. Learn more about our data sources. Page last updated: February 2026

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