Cost of living comparison
Reykjavik is 2.8 times more expensive than Georgetown.
If you lived in Reykjavik instead of Georgetown, you would:
pay 2.5 times more for restaurants
Georgetown
|
Reykjavik
|
||
---|---|---|---|
Basic meal with drink at inexpensive restaurant |
$7.09
$1,480
|
$18.40
kr2,599
|
|
Fast food combo meal
McDonalds, or similar
|
$7.09
$1,480
|
$15.62
kr2,207
|
|
Bottle of Coca-Cola (11 fl. oz) |
$1.19
$249
|
$2.53
kr358
|
|
Bottle of water (11 fl. oz) |
$0.64
$133
|
$2.03
kr286
|
|
pay 59.7% more for groceries
Georgetown
|
Reykjavik
|
||
---|---|---|---|
Bread
1 loaf
|
$1.49
$312
|
$3.40
kr481
|
|
Local cheese (8 oz) |
$4.89
$1,020
|
$7.20
kr1,016
|
|
Milk (1 gallon) |
$12.79
$2,671
|
$5.90
kr833
|
|
Eggs
1 dozen
|
$2.90
$606
|
$5.64
kr797
|
|
Boneless chicken breast (1 lb) |
$2.49
$521
|
$8.08
kr1,142
|
|
Apples (1 lb) |
$2.30
$479
|
$1.57
kr221
|
|
Bananas (1 lb) |
$1.03
$215
|
$0.93
kr132
|
|
Oranges (1 lb) |
$1.48
$309
|
$1.23
kr174
|
|
Tomatoes (1 lb) |
$0.86
$179
|
$2.22
kr313
|
|
Potatoes (1 lb) |
$0.63
$131
|
$1.24
kr176
|
|
Onions (1 lb) |
$0.58
$122
|
$0.69
kr97
|
|
pay 2.0 times more for transportation
Georgetown
|
Reykjavik
|
||
---|---|---|---|
Gasoline (1 gallon) |
$3.78
$789
|
$8.90
kr1,257
|
|
Monthly public transit pass |
$33.09
$6,908
|
$65.56
kr9,260
|
|
New Volkswagen Golf 1.4 (standard edition) |
$15,600.24
$3,256,743
|
$37,150.35
kr5,247,487
|
|
Taxi trip in downtown area (5 miles) |
$21.27
$4,441
|
$29.44
kr4,159
|
|
pay 3.2 times more for housing
Georgetown
|
Reykjavik
|
||
---|---|---|---|
Internet connection
50 mbps or faster, cable/dsl
|
$59.56
$12,435
|
$64.04
kr9,046
|
|
1-Bedroom apartment in downtown area |
$360.46
$75,251
|
$1,613.16
kr227,859
|
|
1-Bedroom apartment outside city center |
$228.98
$47,803
|
$1,379.70
kr194,883
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$60.66
$12,663
|
$69.31
kr9,791
|
|
pay 4.7 times more for childcare
Georgetown
|
Reykjavik
|
||
---|---|---|---|
Private preschool for 1 child, monthly |
$94.55
$19,738
|
$282.44
kr39,894
|
|
Middle school for 1 child, two semesters |
$954.92
$199,352
|
$6,058.18
kr855,718
|
|
pay 3.0 times more for entertainment and sports
Georgetown
|
Reykjavik
|
||
---|---|---|---|
Domestic/local beer (1 pint) |
$2.36
$493
|
$9.47
kr1,338
|
|
Cappuccino in mid-range area |
$3.43
$716
|
$4.53
kr640
|
|
Pack of cigarettes
Marlboro or similar
|
$2.36
$493
|
$11.66
kr1,646
|
|
Monthly membership at local gym |
$28.36
$5,921
|
$67.30
kr9,507
|
|
Movie ticket to theater/cinema |
$6.15
$1,283
|
$13.66
kr1,929
|
|
pay 2.5 times more for clothing
Georgetown
|
Reykjavik
|
||
---|---|---|---|
Regular jeans
Levi's brand
|
$26.39
$5,510
|
$108.17
kr15,278
|
|
Regular dress
from H&M or similar store
|
$46.49
$9,704
|
$43.41
kr6,132
|
|
Running shoes
Nike or Adidas
|
$70.91
$14,803
|
$137.74
kr19,456
|
|
Men's business shoes (leather) |
$62.24
$12,994
|
$182.49
kr25,777
|
|
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