Cost of living comparison

compared to

Reykjavik vs. Cayman Islands Cost of Living Summary

Reykjavik is 8.9% more expensive than Cayman Islands overall.

Restaurants: pay 18.8% more in Reykjavik
Groceries: pay 20.0% less in Reykjavik
Transportation: pay 59.4% more in Reykjavik
Housing: pay 29.7% less in Reykjavik
Childcare: pay 20.8% less in Reykjavik
Entertainment and Sports: pay 0.4% more in Reykjavik
Clothing: pay 54.2% more in Reykjavik

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

Reykjavik vs. Cayman Islands Cost Breakdown

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

Display currency: USD

pay 18.8% more for restaurants

	Cayman Islands	Reykjavik
Basic meal with drink at inexpensive restaurant	$25.98 KYD21.62	$27.48 ISK3,473	+5.8%
Fast food combo meal McDonalds, or similar	$13.39 KYD11.15	$22.76 ISK2,877	+69.9%
Bottle of Coca-Cola (11 fl. oz)	$3.43 KYD2.85	$3.34 ISK422	-2.8%
Bottle of water (11 fl. oz)	$2.64 KYD2.20	$2.70 ISK341	+2.2%
Average			+18.8%

Cayman Islands vs. Reykjavik - Cost of restaurants

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pay 20.0% less for groceries

	Cayman Islands	Reykjavik
Bread 1 loaf	$5.68 KYD4.73	$4.63 ISK586	-18.4%
Local cheese (8 oz)	$5.40 KYD4.50	$9.44 ISK1,193	+74.6%
Milk (1 gallon)	$11.94 KYD9.93	$7.63 ISK964	-36.1%
Eggs 1 dozen	$7.93 KYD6.60	$6.50 ISK822	-18.0%
Boneless chicken breast (1 lb)	$7.20 KYD5.99	$11.29 ISK1,427	+56.9%
Apples (1 lb)	$4.75 KYD3.95	$1.59 ISK201	-66.5%
Bananas (1 lb)	$2.05 KYD1.71	$1.17 ISK148	-43.0%
Oranges (1 lb)	$3.53 KYD2.93	$1.49 ISK188	-57.8%
Tomatoes (1 lb)	$3.46 KYD2.88	$2.54 ISK321	-26.8%
Potatoes (1 lb)	$2.40 KYD2.00	$1.70 ISK214	-29.4%
Onions (1 lb)	$2.51 KYD2.09	$1.13 ISK143	-55.0%
Average			-20.0%

Cayman Islands vs. Reykjavik - Cost of groceries

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pay 59.4% more for transportation

	Cayman Islands	Reykjavik
Gasoline (1 gallon)	$6.42 KYD5.34	$9.66 ISK1,221	+50.4%
Monthly public transit pass	$29.99 KYD24.95	$88.58 ISK11,197	+195.4%
New Volkswagen Golf 1.4 (standard edition)	$35,985.79 KYD29,942.45	$50,771.00 ISK6,417,454	+41.1%
Taxi trip in downtown area (5 miles)	$55.34 KYD46.04	$28.07 ISK3,548	-49.3%
Average			+59.4%

Cayman Islands vs. Reykjavik - Cost of transportation

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pay 29.7% less for housing

	Cayman Islands	Reykjavik
Internet connection 50 mbps or faster, cable/dsl	$110.43 KYD91.88	$81.97 ISK10,361	-25.8%
1-Bedroom apartment in downtown area	$2,734.92 KYD2,275.62	$2,259.48 ISK285,599	-17.4%
1-Bedroom apartment outside city center	$1,947.14 KYD1,620.15	$2,034.90 ISK257,212	+4.5%
Utilities for two (700 sq ft apartment) including electric, gas, water, heating	$305.30 KYD254.03	$60.87 ISK7,694	-80.1%
Average			-29.7%

Cayman Islands vs. Reykjavik - Cost of housing

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pay 20.8% less for childcare

	Cayman Islands	Reykjavik
Private preschool for 1 child, monthly	$1,591.04 KYD1,323.85	$327.78 ISK41,431	-79.4%
Middle school for 1 child, two semesters	$22,294.31 KYD18,550.27	$30,711.08 ISK3,881,881	+37.8%
Average			-20.8%

Cayman Islands vs. Reykjavik - Cost of childcare

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pay 0.4% more for entertainment and sports

	Cayman Islands	Reykjavik
Domestic/local beer (1 pint)	$8.40 KYD6.99	$13.12 ISK1,659	+56.3%
Cappuccino in mid-range area	$6.53 KYD5.43	$6.17 ISK780	-5.5%
Pack of cigarettes Marlboro or similar	$14.39 KYD11.98	$13.94 ISK1,761	-3.2%
Monthly membership at local gym	$147.84 KYD123.01	$87.35 ISK11,041	-40.9%
Movie ticket to theater/cinema	$17.99 KYD14.97	$17.18 ISK2,172	-4.5%
Average			+0.4%

Cayman Islands vs. Reykjavik - Cost of entertainment and sports

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pay 54.2% more for clothing

	Cayman Islands	Reykjavik
Regular jeans Levi's brand	$74.97 KYD62.38	$145.10 ISK18,340	+93.5%
Regular dress from H&M or similar store	$70.47 KYD58.64	$63.97 ISK8,086	-9.2%
Running shoes Nike or Adidas	$127.28 KYD105.91	$193.43 ISK24,449	+52.0%
Men's business shoes (leather)	$137.95 KYD114.78	$248.79 ISK31,447	+80.4%
Average			+54.2%

Cayman Islands vs. Reykjavik - 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: December 2025

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