Cost of living comparison

compared to

Belize City vs. Reykjavik Cost of Living Summary

Belize City is 50.3% cheaper than Reykjavik.

Restaurants: pay 61.2% less in Belize City
Groceries: pay 27.1% less in Belize City
Transportation: pay 39.2% less in Belize City
Housing: pay 12.4% less in Belize City
Childcare: pay 89.0% less in Belize City
Entertainment and Sports: pay 60.2% less in Belize City
Clothing: pay 63.2% less in Belize City

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

Belize City vs. Reykjavik Cost Breakdown

If you lived in Belize City instead of Reykjavik, you would:

Display currency: USD

pay 61.2% less for restaurants

	Reykjavik	Belize City
Basic meal with drink at inexpensive restaurant	$27.48 ISK3,517	$6.60 BZD13.27	-76.0%
Fast food combo meal McDonalds, or similar	$22.76 ISK2,913	$7.50 BZD15.08	-67.0%
Bottle of Coca-Cola (11 fl. oz)	$3.34 ISK427	$1.50 BZD3.01	-55.1%
Bottle of water (11 fl. oz)	$2.70 ISK345	$1.43 BZD2.88	-46.9%
Average			-61.2%

Reykjavik vs. Belize City - Cost of restaurants

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pay 27.1% less for groceries

	Reykjavik	Belize City
Bread 1 loaf	$4.63 ISK593	$1.32 BZD2.66	-71.5%
Local cheese (8 oz)	$9.44 ISK1,208	$3.42 BZD6.87	-63.8%
Milk (1 gallon)	$7.63 ISK976	$13.92 BZD27.99	+82.4%
Eggs 1 dozen	$6.50 ISK832	$2.37 BZD4.77	-63.5%
Boneless chicken breast (1 lb)	$11.29 ISK1,445	$3.75 BZD7.55	-66.8%
Apples (1 lb)	$1.59 ISK204	$1.74 BZD3.50	+9.4%
Bananas (1 lb)	$1.17 ISK150	$0.65 BZD1.32	-44.1%
Oranges (1 lb)	$1.49 ISK190	$0.97 BZD1.95	-34.7%
Tomatoes (1 lb)	$2.54 ISK325	$1.51 BZD3.05	-40.3%
Potatoes (1 lb)	$1.70 ISK217	$1.58 BZD3.18	-6.7%
Onions (1 lb)	$1.13 ISK145	$1.15 BZD2.31	+1.8%
Average			-27.1%

Reykjavik vs. Belize City - Cost of groceries

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pay 39.2% less for transportation

	Reykjavik	Belize City
Gasoline (1 gallon)	$9.66 ISK1,236	$6.96 BZD14.00	-27.9%
Monthly public transit pass	$88.58 ISK11,337	$20.00 BZD40.22	-77.4%
New Volkswagen Golf 1.4 (standard edition)	$50,771.00 ISK6,497,672	$10,514.56 BZD21,146.48	-79.3%
Taxi trip in downtown area (5 miles)	$28.07 ISK3,592	$35.84 BZD72.09	+27.7%
Average			-39.2%

Reykjavik vs. Belize City - Cost of transportation

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pay 12.4% less for housing

	Reykjavik	Belize City
Internet connection 50 mbps or faster, cable/dsl	$81.97 ISK10,490	$54.71 BZD110.02	-33.3%
1-Bedroom apartment in downtown area	$2,259.48 ISK289,169	$299.75 BZD602.85	-86.7%
1-Bedroom apartment outside city center	$2,034.90 ISK260,427	$191.46 BZD385.05	-90.6%
Utilities for two (700 sq ft apartment) including electric, gas, water, heating	$60.87 ISK7,791	$158.82 BZD319.41	+160.9%
Average			-12.4%

Reykjavik vs. Belize City - Cost of housing

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pay 89.0% less for childcare

	Reykjavik	Belize City
Private preschool for 1 child, monthly	$327.78 ISK41,949	$64.52 BZD129.75	-80.3%
Middle school for 1 child, two semesters	$30,711.08 ISK3,930,404	$674.20 BZD1,355.92	-97.8%
Average			-89.0%

Reykjavik vs. Belize City - Cost of childcare

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pay 60.2% less for entertainment and sports

	Reykjavik	Belize City
Domestic/local beer (1 pint)	$13.12 ISK1,680	$2.50 BZD5.03	-81.0%
Cappuccino in mid-range area	$6.17 ISK790	$3.83 BZD7.71	-37.9%
Pack of cigarettes Marlboro or similar	$13.94 ISK1,783	$5.00 BZD10.06	-64.1%
Monthly membership at local gym	$87.35 ISK11,179	$28.72 BZD57.76	-67.1%
Movie ticket to theater/cinema	$17.18 ISK2,199	$8.42 BZD16.93	-51.0%
Average			-60.2%

Reykjavik vs. Belize City - Cost of entertainment and sports

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pay 63.2% less for clothing

	Reykjavik	Belize City
Regular jeans Levi's brand	$145.10 ISK18,569	$37.45 BZD75.32	-74.2%
Regular dress from H&M or similar store	$63.97 ISK8,187	$27.42 BZD55.15	-57.1%
Running shoes Nike or Adidas	$193.43 ISK24,755	$82.26 BZD165.45	-57.5%
Men's business shoes (leather)	$248.79 ISK31,840	$89.59 BZD180.19	-64.0%
Average			-63.2%

Reykjavik vs. Belize City - 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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