Cost of living comparison

compared to

Reykjavik vs. Guatemala Cost of Living Summary

Reykjavik is 2.4 times more expensive than Guatemala overall.

Restaurants: pay 3.3 times more in Reykjavik
Groceries: pay 68.9% more in Reykjavik
Transportation: pay 3.3 times more in Reykjavik
Housing: pay 2.8 times more in Reykjavik
Childcare: pay 11.5% more in Reykjavik
Entertainment and Sports: pay 2.6 times more in Reykjavik
Clothing: pay 71.4% more in Reykjavik

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

Reykjavik vs. Guatemala Cost Breakdown

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

Display currency: USD

pay 3.3 times more for restaurants

	Guatemala	Reykjavik
Basic meal with drink at inexpensive restaurant	$4.86 GTQ37.39	$20.00 ISK2,664	+311.2%
Fast food combo meal McDonalds, or similar	$6.24 GTQ47.93	$18.02 ISK2,400	+189.0%
Bottle of Coca-Cola (11 fl. oz)	$0.94 GTQ7.21	$3.15 ISK420	+236.3%
Bottle of water (11 fl. oz)	$0.76 GTQ5.86	$2.19 ISK291	+186.7%
Average			+230.8%

Guatemala vs. Reykjavik - Cost of restaurants

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pay 68.9% more for groceries

	Guatemala	Reykjavik
Bread 1 loaf	$2.77 GTQ21.28	$3.61 ISK481	+30.4%
Local cheese (8 oz)	$3.39 GTQ26.02	$7.76 ISK1,033	+129.2%
Milk (1 gallon)	$6.82 GTQ52.41	$6.40 ISK853	-6.1%
Eggs 1 dozen	$2.38 GTQ18.31	$5.76 ISK767	+141.7%
Boneless chicken breast (1 lb)	$3.24 GTQ24.92	$9.45 ISK1,258	+191.4%
Apples (1 lb)	$1.48 GTQ11.34	$1.40 ISK187	-4.9%
Bananas (1 lb)	$0.71 GTQ5.45	$1.01 ISK134	+42.3%
Oranges (1 lb)	$1.55 GTQ11.89	$1.22 ISK162	-21.3%
Tomatoes (1 lb)	$0.76 GTQ5.82	$2.22 ISK296	+193.7%
Potatoes (1 lb)	$0.84 GTQ6.43	$1.43 ISK191	+71.6%
Onions (1 lb)	$1.04 GTQ7.99	$0.93 ISK124	-10.2%
Average			+68.9%

Guatemala vs. Reykjavik - Cost of groceries

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pay 3.3 times more for transportation

	Guatemala	Reykjavik
Gasoline (1 gallon)	$3.90 GTQ30.01	$8.50 ISK1,132	+117.8%
Monthly public transit pass	$13.42 GTQ103.18	$74.95 ISK9,984	+458.4%
New Volkswagen Golf 1.4 (standard edition)	$17,023.47 GTQ130,851.07	$42,450.45 ISK5,654,400	+149.4%
Taxi trip in downtown area (5 miles)	$8.64 GTQ66.41	$24.05 ISK3,204	+178.3%
Average			+226.0%

Guatemala vs. Reykjavik - Cost of transportation

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pay 2.8 times more for housing

	Guatemala	Reykjavik
Internet connection 50 mbps or faster, cable/dsl	$43.14 GTQ331.58	$69.87 ISK9,306	+62.0%
1-Bedroom apartment in downtown area	$525.45 GTQ4,038.84	$1,971.17 ISK262,560	+275.1%
1-Bedroom apartment outside city center	$368.89 GTQ2,835.46	$1,803.44 ISK240,218	+388.9%
Utilities for two (700 sq ft apartment) including electric, gas, water, heating	$50.59 GTQ388.85	$53.95 ISK7,187	+6.7%
Average			+183.2%

Guatemala vs. Reykjavik - Cost of housing

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pay 11.5% more for childcare

	Guatemala	Reykjavik
Private preschool for 1 child, monthly	$217.77 GTQ1,673.90	$252.14 ISK33,585	+15.8%
Middle school for 1 child, two semesters	$5,593.73 GTQ42,996.28	$5,993.99 ISK798,400	+7.2%
Average			+11.5%

Guatemala vs. Reykjavik - Cost of childcare

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pay 2.6 times more for entertainment and sports

	Guatemala	Reykjavik
Domestic/local beer (1 pint)	$2.59 GTQ19.92	$10.81 ISK1,440	+317.1%
Cappuccino in mid-range area	$3.03 GTQ23.31	$5.31 ISK707	+74.9%
Pack of cigarettes Marlboro or similar	$3.47 GTQ26.70	$12.25 ISK1,631	+252.5%
Monthly membership at local gym	$43.30 GTQ332.85	$69.95 ISK9,317	+61.5%
Movie ticket to theater/cinema	$7.72 GTQ59.33	$14.77 ISK1,968	+91.4%
Average			+159.5%

Guatemala vs. Reykjavik - Cost of entertainment and sports

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pay 71.4% more for clothing

	Guatemala	Reykjavik
Regular jeans Levi's brand	$41.32 GTQ317.57	$108.97 ISK14,515	+163.8%
Regular dress from H&M or similar store	$55.74 GTQ428.48	$49.72 ISK6,623	-10.8%
Running shoes Nike or Adidas	$108.63 GTQ834.99	$151.85 ISK20,227	+39.8%
Men's business shoes (leather)	$100.77 GTQ774.56	$194.16 ISK25,862	+92.7%
Average			+71.4%

Guatemala 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: March 2025

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