Cost of living comparison

Cayman Islands

compared to

Iceland

Reykjavik vs. George Town Cost of Living Summary

Reykjavik is 15.4% cheaper than George Town.

Restaurants: pay 22.0% more in Reykjavik
Groceries: pay 32.7% less in Reykjavik
Transportation: pay 13.3% more in Reykjavik
Housing: pay 31.6% less in Reykjavik
Childcare: pay 20.1% less in Reykjavik
Entertainment and Sports: pay 5.7% less in Reykjavik
Clothing: pay 36.8% more in Reykjavik

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

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Reykjavik vs. George Town Cost Breakdown

If you lived in Reykjavik instead of George Town, you would:

Display currency: USD

pay 22.0% more for restaurants

	George Town	Reykjavik
Basic meal with drink at inexpensive restaurant	$30.00 KYD25.00	$31.06 ISK3,763	+3.5%
Fast food combo meal McDonalds, or similar	$16.80 KYD14.00	$26.97 ISK3,268	+60.6%
Bottle of Coca-Cola (11 fl. oz)	$3.03 KYD2.52	$3.31 ISK402	+9.4%
Bottle of water (11 fl. oz)	$2.85 KYD2.37	$3.11 ISK376	+9.0%
Average			+22.0%

George Town vs. Reykjavik - Cost of restaurants

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pay 32.7% less for groceries

	George Town	Reykjavik
Bread 1 loaf	$4.25 KYD3.54	$4.19 ISK508	-1.3%
Local cheese (8 oz)	$27.99 KYD23.32	$10.93 ISK1,324	-60.9%
Milk (1 gallon)	$17.33 KYD14.44	$7.78 ISK942	-55.1%
Eggs 1 dozen	$7.27 KYD6.06	$7.08 ISK858	-2.7%
Boneless chicken breast (1 lb)	$8.69 KYD7.24	$11.00 ISK1,333	+26.6%
Apples (1 lb)	$3.38 KYD2.82	$1.50 ISK182	-55.5%
Bananas (1 lb)	$1.65 KYD1.38	$1.27 ISK154	-23.2%
Oranges (1 lb)	$2.78 KYD2.32	$1.46 ISK177	-47.6%
Tomatoes (1 lb)	$3.54 KYD2.95	$2.93 ISK355	-17.1%
Potatoes (1 lb)	$1.86 KYD1.55	$1.78 ISK215	-4.5%
Onions (1 lb)	$1.79 KYD1.49	$0.76 ISK92	-57.7%
Average			-32.7%

George Town vs. Reykjavik - Cost of groceries

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pay 13.3% more for transportation

	George Town	Reykjavik
Gasoline (1 gallon)	$6.14 KYD5.11	$7.76 ISK941	+26.5%
Monthly public transit pass	$80.99 KYD67.49	$94.80 ISK11,488	+17.1%
New Volkswagen Golf 1.4 (standard edition)	$41,995.48 KYD34,995.76	$50,588.43 ISK6M	+20.5%
Taxi trip in downtown area (5 miles)	$49.61 KYD41.34	$29.26 ISK3,545	-41.0%
Average			+13.3%

George Town vs. Reykjavik - Cost of transportation

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pay 31.6% less for housing

	George Town	Reykjavik
Internet connection 50 mbps or faster, cable/dsl	$113.09 KYD94.24	$86.01 ISK10,422	-23.9%
1-Bedroom apartment in downtown area	$2,909.69 KYD2,424.71	$2,522.88 ISK306K	-13.3%
1-Bedroom apartment outside city center	$2,447.74 KYD2,039.75	$2,032.25 ISK246K	-17.0%
Utilities for two (700 sq ft apartment) including electric, gas, water, heating	$349.88 KYD291.56	$73.44 ISK8,899	-79.0%
Average			-31.6%

George Town vs. Reykjavik - Cost of housing

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pay 20.1% less for childcare

	George Town	Reykjavik
Private preschool for 1 child, monthly	$1,806.23 KYD1,505.17	$1,185.23 ISK144K	-34.4%
Middle school for 1 child, two semesters	$26,602.85 KYD22,168.74	$25,853.51 ISK3M	-2.8%
Average			-20.1%

George Town vs. Reykjavik - Cost of childcare

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pay 5.7% less for entertainment and sports

	George Town	Reykjavik
Domestic/local beer (1 pint)	$7.20 KYD6.00	$13.89 ISK1,684	+93.0%
Cappuccino in mid-range area	$7.05 KYD5.87	$6.74 ISK817	-4.4%
Pack of cigarettes Marlboro or similar	$14.40 KYD12.00	$13.89 ISK1,684	-3.5%
Monthly membership at local gym	$214.60 KYD178.83	$100.25 ISK12,148	-53.3%
Movie ticket to theater/cinema	$18.60 KYD15.50	$19.57 ISK2,372	+5.2%
Average			-5.7%

George Town vs. Reykjavik - Cost of entertainment and sports

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pay 36.8% more for clothing

	George Town	Reykjavik
Regular jeans Levi's brand	$85.49 KYD71.24	$149.01 ISK18,058	+74.3%
Regular dress from H&M or similar store	$74.09 KYD61.74	$65.79 ISK7,972	-11.2%
Running shoes Nike or Adidas	$137.99 KYD114.99	$181.84 ISK22,035	+31.8%
Men's business shoes (leather)	$144.98 KYD120.82	$248.81 ISK30,151	+71.6%
Average			+36.8%

George Town vs. Reykjavik - 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

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