Cost of living comparison

compared to

Grenada vs. Iceland Cost of Living Summary

Grenada is 48.9% cheaper than Iceland overall.

Restaurants: pay 50.5% less in Grenada
Groceries: pay 20.1% less in Grenada
Transportation: pay 49.5% less in Grenada
Housing: pay 15.0% less in Grenada
Childcare: pay 87.9% less in Grenada
Entertainment and Sports: pay 56.9% less in Grenada
Clothing: pay 62.6% less in Grenada

Expenses including childcare, clothing, entertainment and sports, restaurants, transportation, and groceries are lower in Grenada.

Grenada vs. Iceland Cost Breakdown

If you lived in Grenada instead of Iceland, you would:

Display currency: USD

pay 50.5% less for restaurants

	Iceland	Grenada
Basic meal with drink at inexpensive restaurant	$26.52 ISK3,394	$10.18 EC$27.50	-61.6%
Fast food combo meal McDonalds, or similar	$21.32 ISK2,728	$9.25 EC$25.00	-56.6%
Bottle of Coca-Cola (11 fl. oz)	$3.11 ISK398	$1.84 EC$4.98	-40.7%
Bottle of water (11 fl. oz)	$2.72 ISK348	$1.55 EC$4.18	-43.2%
Average			-50.5%

Iceland vs. Grenada - Cost of restaurants

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pay 20.1% less for groceries

	Iceland	Grenada
Bread 1 loaf	$3.80 ISK487	$1.62 EC$4.38	-57.4%
Local cheese (8 oz)	$9.44 ISK1,208	$5.00 EC$13.52	-47.0%
Milk (1 gallon)	$7.78 ISK996	$17.86 EC$48.26	+129.6%
Eggs 1 dozen	$6.71 ISK859	$3.85 EC$10.41	-42.6%
Boneless chicken breast (1 lb)	$11.22 ISK1,436	$3.52 EC$9.52	-68.6%
Apples (1 lb)	$1.50 ISK191	$1.20 EC$3.25	-19.6%
Bananas (1 lb)	$1.15 ISK147	$0.84 EC$2.27	-26.8%
Oranges (1 lb)	$1.41 ISK181	$0.79 EC$2.13	-44.2%
Tomatoes (1 lb)	$2.34 ISK300	$1.34 EC$3.63	-42.5%
Potatoes (1 lb)	$1.65 ISK211	$2.20 EC$5.94	+33.5%
Onions (1 lb)	$1.09 ISK140	$0.71 EC$1.91	-35.5%
Average			-20.1%

Iceland vs. Grenada - Cost of groceries

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pay 49.5% less for transportation

	Iceland	Grenada
Gasoline (1 gallon)	$9.65 ISK1,235	$5.24 EC$14.17	-45.7%
Monthly public transit pass	$79.56 ISK10,182	$37.00 EC$100.00	-53.5%
New Volkswagen Golf 1.4 (standard edition)	$49,144.25 ISK6,289,481	$24,976.41 EC$67,500.00	-49.2%
Taxi trip in downtown area (5 miles)	$25.55 ISK3,270	??
Average			-49.5%

Iceland vs. Grenada - Cost of transportation

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pay 15.0% less for housing

	Iceland	Grenada
Internet connection 50 mbps or faster, cable/dsl	$95.65 ISK12,241	$47.49 EC$128.33	-50.4%
1-Bedroom apartment in downtown area	$2,289.17 ISK292,968	$597.05 EC$1,613.56	-73.9%
1-Bedroom apartment outside city center	$1,830.04 ISK234,209	$407.53 EC$1,101.38	-77.7%
Utilities for two (700 sq ft apartment) including electric, gas, water, heating	$65.15 ISK8,338	$157.57 EC$425.84	+141.9%
Average			-15.0%

Iceland vs. Grenada - Cost of housing

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pay 87.9% less for childcare

	Iceland	Grenada
Private preschool for 1 child, monthly	$334.67 ISK42,830	$55.50 EC$150.00	-83.4%
Middle school for 1 child, two semesters	$30,711.08 ISK3,930,404	$2,331.13 EC$6,300.00	-92.4%
Average			-87.9%

Iceland vs. Grenada - Cost of childcare

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pay 56.9% less for entertainment and sports

	Iceland	Grenada
Domestic/local beer (1 pint)	$11.14 ISK1,426	$1.94 EC$5.25	-82.6%
Cappuccino in mid-range area	$5.62 ISK720	$3.62 EC$9.79	-35.6%
Pack of cigarettes Marlboro or similar	$13.90 ISK1,778	$3.70 EC$10.00	-73.4%
Monthly membership at local gym	$78.17 ISK10,004	$36.02 EC$97.35	-53.9%
Movie ticket to theater/cinema	$16.75 ISK2,144	$10.22 EC$27.63	-39.0%
Average			-56.9%

Iceland vs. Grenada - Cost of entertainment and sports

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pay 62.6% less for clothing

	Iceland	Grenada
Regular jeans Levi's brand	$130.91 ISK16,753	$25.90 EC$70.00	-80.2%
Regular dress from H&M or similar store	$61.83 ISK7,913	$44.40 EC$120.00	-28.2%
Running shoes Nike or Adidas	$163.81 ISK20,965	$42.55 EC$115.00	-74.0%
Men's business shoes (leather)	$237.31 ISK30,371	$75.85 EC$205.00	-68.0%
Average			-62.6%

Iceland vs. Grenada - 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: December 2025

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