Cost of living comparison
Reykjavik is 14.8% cheaper than George Town.
If you lived in Reykjavik instead of George Town, you would:
pay 1.9% less for restaurants
George Town
|
Reykjavik
|
||
---|---|---|---|
Basic meal with drink at inexpensive restaurant |
$18.00
$14.96
|
$18.40
kr2,586
|
|
Fast food combo meal
McDonalds, or similar
|
$12.00
$9.98
|
$15.62
kr2,196
|
|
Bottle of Coca-Cola (11 fl. oz) |
$3.22
$2.68
|
$2.53
kr356
|
|
Bottle of water (11 fl. oz) |
$2.49
$2.07
|
$2.03
kr285
|
|
pay 25.6% less for groceries
George Town
|
Reykjavik
|
||
---|---|---|---|
Bread
1 loaf
|
$4.74
$3.94
|
$3.40
kr478
|
|
Local cheese (8 oz) |
$5.32
$4.42
|
$7.20
kr1,011
|
|
Milk (1 gallon) |
$17.47
$14.53
|
$5.90
kr828
|
|
Eggs
1 dozen
|
$6.81
$5.66
|
$5.64
kr793
|
|
Boneless chicken breast (1 lb) |
$4.57
$3.80
|
$8.08
kr1,136
|
|
Apples (1 lb) |
$3.42
$2.85
|
$1.57
kr220
|
|
Bananas (1 lb) |
$1.39
$1.16
|
$0.93
kr131
|
|
Oranges (1 lb) |
$2.71
$2.26
|
$1.23
kr173
|
|
Tomatoes (1 lb) |
$3.00
$2.49
|
$2.22
kr311
|
|
Potatoes (1 lb) |
$2.60
$2.16
|
$1.24
kr175
|
|
Onions (1 lb) |
$1.79
$1.49
|
$0.69
kr97
|
|
pay 52.2% more for transportation
George Town
|
Reykjavik
|
||
---|---|---|---|
Gasoline (1 gallon) |
$6.60
$5.49
|
$8.90
kr1,250
|
|
Monthly public transit pass |
$30.00
$24.94
|
$65.56
kr9,212
|
|
New Volkswagen Golf 1.4 (standard edition) |
$35,995.22
$29,926.03
|
$37,150.35
kr5,220,368
|
|
Taxi trip in downtown area (5 miles) | ?? |
$29.44
kr4,137
|
|
pay 49.1% less for housing
George Town
|
Reykjavik
|
||
---|---|---|---|
Internet connection
50 mbps or faster, cable/dsl
|
$131.85
$109.62
|
$64.04
kr8,999
|
|
1-Bedroom apartment in downtown area |
$2,699.64
$2,244.45
|
$1,613.16
kr226,681
|
|
1-Bedroom apartment outside city center |
$1,899.75
$1,579.43
|
$1,379.70
kr193,876
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$308.06
$256.12
|
$69.31
kr9,740
|
|
pay 68.9% less for childcare
George Town
|
Reykjavik
|
||
---|---|---|---|
Private preschool for 1 child, monthly |
$929.88
$773.09
|
$282.44
kr39,688
|
|
Middle school for 1 child, two semesters |
$19,137.46
$15,910.67
|
$6,058.18
kr851,295
|
|
pay 1.1% less for entertainment and sports
George Town
|
Reykjavik
|
||
---|---|---|---|
Domestic/local beer (1 pint) |
$6.60
$5.49
|
$9.47
kr1,331
|
|
Cappuccino in mid-range area |
$5.85
$4.86
|
$4.53
kr636
|
|
Pack of cigarettes
Marlboro or similar
|
$12.00
$9.98
|
$11.66
kr1,638
|
|
Monthly membership at local gym |
$66.79
$55.53
|
$67.30
kr9,458
|
|
Movie ticket to theater/cinema |
$18.00
$14.96
|
$13.66
kr1,919
|
|
pay 9.4% less for clothing
George Town
|
Reykjavik
|
||
---|---|---|---|
Regular jeans
Levi's brand
|
$83.99
$69.83
|
$108.17
kr15,199
|
|
Regular dress
from H&M or similar store
|
$106.49
$88.53
|
$43.41
kr6,101
|
|
Running shoes
Nike or Adidas
|
$181.18
$150.63
|
$137.74
kr19,355
|
|
Men's business shoes (leather) |
$155.98
$129.68
|
$182.49
kr25,644
|
|
Change currency:
ASK THE ELSEWHERE COMMUNITY
Join the Elsewhere community and ask a question about Reykjavik or George Town. It's a free, question-and-answer based forum to discuss what life is like in countries and cities around the world.