Cost of living comparison

Cayman Islands

compared to

Iceland

Iceland vs. Cayman Islands Cost of Living Summary

Iceland is 21.5% cheaper than Cayman Islands overall.

Restaurants: pay 10.8% more in Iceland
Groceries: pay 35.9% less in Iceland
Transportation: pay 8.1% more in Iceland
Housing: pay 36.2% less in Iceland
Childcare: pay 30.6% less in Iceland
Entertainment and Sports: pay 17.5% less in Iceland
Clothing: pay 26.1% more in Iceland

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

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Iceland vs. Cayman Islands Cost Breakdown

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

Display currency: USD

pay 10.8% more for restaurants

	Cayman Islands	Iceland
Basic meal with drink at inexpensive restaurant	$30.00 KYD25.00	$28.88 ISK3,499	-3.7%
Fast food combo meal McDonalds, or similar	$16.80 KYD14.00	$22.83 ISK2,767	+35.9%
Bottle of Coca-Cola (11 fl. oz)	$3.03 KYD2.52	$3.25 ISK393	+7.1%
Bottle of water (11 fl. oz)	$2.85 KYD2.37	$3.01 ISK365	+5.6%
Average			+10.8%

Cayman Islands vs. Iceland - Cost of restaurants

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pay 35.9% less for groceries

	Cayman Islands	Iceland
Bread 1 loaf	$4.25 KYD3.54	$3.55 ISK431	-16.3%
Local cheese (8 oz)	$27.99 KYD23.32	$10.11 ISK1,226	-63.9%
Milk (1 gallon)	$17.33 KYD14.44	$7.79 ISK944	-55.0%
Eggs 1 dozen	$7.27 KYD6.06	$6.92 ISK839	-4.8%
Boneless chicken breast (1 lb)	$8.69 KYD7.24	$11.01 ISK1,334	+26.7%
Apples (1 lb)	$3.38 KYD2.82	$1.43 ISK173	-57.8%
Bananas (1 lb)	$1.65 KYD1.38	$1.23 ISK148	-25.8%
Oranges (1 lb)	$2.78 KYD2.32	$1.42 ISK172	-49.1%
Tomatoes (1 lb)	$3.54 KYD2.95	$2.60 ISK315	-26.4%
Potatoes (1 lb)	$1.86 KYD1.55	$1.71 ISK207	-8.0%
Onions (1 lb)	$1.79 KYD1.49	$0.76 ISK92	-57.7%
Average			-35.9%

Cayman Islands vs. Iceland - Cost of groceries

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pay 8.1% more for transportation

	Cayman Islands	Iceland
Gasoline (1 gallon)	$6.14 KYD5.11	$8.09 ISK980	+31.8%
Monthly public transit pass	$80.99 KYD67.49	$80.58 ISK9,765	-0.5%
New Volkswagen Golf 1.4 (standard edition)	$41,995.48 KYD34,995.76	$48,967.53 ISK6M	+16.6%
Taxi trip in downtown area (5 miles)	$49.61 KYD41.34	$26.24 ISK3,179	-47.1%
Average			+8.1%

Cayman Islands vs. Iceland - Cost of transportation

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pay 36.2% less for housing

	Cayman Islands	Iceland
Internet connection 50 mbps or faster, cable/dsl	$113.09 KYD94.24	$98.24 ISK11,905	-13.1%
1-Bedroom apartment in downtown area	$2,909.69 KYD2,424.71	$2,335.24 ISK283K	-19.7%
1-Bedroom apartment outside city center	$2,447.74 KYD2,039.75	$1,824.40 ISK221K	-25.5%
Utilities for two (700 sq ft apartment) including electric, gas, water, heating	$349.88 KYD291.56	$72.34 ISK8,766	-79.3%
Average			-36.2%

Cayman Islands vs. Iceland - Cost of housing

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pay 30.6% less for childcare

	Cayman Islands	Iceland
Private preschool for 1 child, monthly	$1,806.23 KYD1,505.17	$833.66 ISK101K	-53.8%
Middle school for 1 child, two semesters	$26,602.85 KYD22,168.74	$27,752.37 ISK3M	+4.3%
Average			-30.6%

Cayman Islands vs. Iceland - Cost of childcare

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pay 17.5% less for entertainment and sports

	Cayman Islands	Iceland
Domestic/local beer (1 pint)	$7.20 KYD6.00	$11.37 ISK1,378	+58.0%
Cappuccino in mid-range area	$7.05 KYD5.87	$5.90 ISK715	-16.3%
Pack of cigarettes Marlboro or similar	$14.40 KYD12.00	$13.85 ISK1,679	-3.8%
Monthly membership at local gym	$214.60 KYD178.83	$83.64 ISK10,136	-61.0%
Movie ticket to theater/cinema	$18.60 KYD15.50	$17.92 ISK2,171	-3.7%
Average			-17.5%

Cayman Islands vs. Iceland - Cost of entertainment and sports

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pay 26.1% more for clothing

	Cayman Islands	Iceland
Regular jeans Levi's brand	$85.49 KYD71.24	$134.47 ISK16,295	+57.3%
Regular dress from H&M or similar store	$74.09 KYD61.74	$63.25 ISK7,664	-14.6%
Running shoes Nike or Adidas	$137.99 KYD114.99	$159.03 ISK19,271	+15.2%
Men's business shoes (leather)	$144.98 KYD120.82	$237.19 ISK28,742	+63.6%
Average			+26.1%

Cayman Islands vs. Iceland - Cost of clothing

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We average the price of thousands of data points entered by users across the world. Sources: MyLifeElsewhere's cost-of-living dataset (prices updated October 2026). How we calculate this

Compare further: Cayman Islands vs. Iceland

Salary Calculator · Free tool

What salary would you need in Iceland?

Quality of Life Comparison · 8 statistics

Be 21.1% more likely to have internet access in Iceland

Size Comparison · See true size

Cayman Islands is about 390 times smaller than Iceland.

Moving from Cayman Islands to Iceland · Cost, visas & climate

Compare cost of living, salary and climate.

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