Cost of living comparison

compared to
Reykjavik vs. Georgetown Cost of Living Summary

Reykjavik is 2.0 times more expensive than Georgetown.

Restaurants
pay 2.4 times more in Reykjavik
Groceries
pay 41.0% more in Reykjavik
Transportation
pay 2.1 times more in Reykjavik
Housing
pay 2.9 times more in Reykjavik
Childcare
pay 72.7% less in Reykjavik
Entertainment and Sports
pay 3.3 times more in Reykjavik
Clothing
pay 2.0 times more in Reykjavik

The cost of entertainment and sports, housing, restaurants, transportation, clothing, and groceries in Reykjavik are more expensive than in Georgetown. Notably, entertainment and sports, housing, and restaurants are significantly more expensive in Reykjavik.

Reykjavik vs. Georgetown Cost Breakdown

If you lived in Reykjavik instead of Georgetown, you would:

pay 2.4 times more for restaurants

 
Georgetown
Reykjavik
Basic meal with drink at inexpensive restaurant $11.88
GYD2,488.55
$20.00
ISK2,831
Fast food combo meal
McDonalds, or similar
$8.55
GYD1,791.75
$18.02
ISK2,551
Bottle of Coca-Cola (11 fl. oz) $1.21
GYD253.83
$3.15
ISK446

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pay 41.0% more for groceries

 
Georgetown
Reykjavik
Bread
1 loaf
$2.01
GYD420.21
$3.61
ISK511
Local cheese (8 oz) $5.36
GYD1,122.10
$7.76
ISK1,098
Milk (1 gallon) $12.31
GYD2,579.15
$6.40
ISK907

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pay 2.1 times more for transportation

 
Georgetown
Reykjavik
Gasoline (1 gallon) $4.00
GYD838.40
$8.50
ISK1,203
Monthly public transit pass $28.51
GYD5,972.51
$74.95
ISK10,611
New Volkswagen Golf 1.4 (standard edition) $15,680.67
GYD3,284,882.71
$42,450.45
ISK6,009,286

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pay 2.9 times more for housing

 
Georgetown
Reykjavik
Internet connection
50 mbps or faster, cable/dsl
$61.18
GYD12,816.02
$69.87
ISK9,890
1-Bedroom apartment in downtown area $617.07
GYD129,268.45
$1,971.17
ISK279,039
1-Bedroom apartment outside city center $281.14
GYD58,895.62
$1,803.44
ISK255,295

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pay 72.7% less for childcare

 
Georgetown
Reykjavik
Private preschool for 1 child, monthly $876.83
GYD183,684.04
$252.14
ISK35,693
Middle school for 1 child, two semesters $23,225.94
GYD4,865,513.91
$5,993.99
ISK848,510

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pay 3.3 times more for entertainment and sports

 
Georgetown
Reykjavik
Domestic/local beer (1 pint) $2.14
GYD447.94
$10.81
ISK1,530
Cappuccino in mid-range area $3.88
GYD812.93
$5.31
ISK751
Pack of cigarettes
Marlboro or similar
$2.19
GYD457.89
$12.25
ISK1,733

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pay 2.0 times more for clothing

 
Georgetown
Reykjavik
Regular jeans
Levi's brand
$38.01
GYD7,963.35
$108.97
ISK15,426
Regular dress
from H&M or similar store
$52.27
GYD10,949.61
$49.72
ISK7,038
Running shoes
Nike or Adidas
$83.63
GYD17,519.37
$151.85
ISK21,496

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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: February 2025
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