Cost of living comparison

Iceland

compared to

Cayman Islands

George Town vs. Reykjavik Cost of Living Summary

George Town is 18.2% more expensive than Reykjavik.

Restaurants: pay 18.0% less in George Town
Groceries: pay 48.6% more in George Town
Transportation: pay 11.7% less in George Town
Housing: pay 46.1% more in George Town
Childcare: pay 25.2% more in George Town
Entertainment and Sports: pay 6.0% more in George Town
Clothing: pay 26.9% less in George Town

The cost of groceries, housing, childcare, and entertainment and sports in George Town are more expensive than in Reykjavik. Expenses including clothing, restaurants, and transportation are lower in George Town.

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George Town vs. Reykjavik Cost Breakdown

If you lived in George Town instead of Reykjavik, you would:

Display currency: USD

pay 18.0% less for restaurants

	Reykjavik	George Town
Basic meal with drink at inexpensive restaurant	$31.06 ISK3,763	$30.00 KYD25.00	-3.4%
Fast food combo meal McDonalds, or similar	$26.97 ISK3,268	$16.80 KYD14.00	-37.7%
Bottle of Coca-Cola (11 fl. oz)	$3.31 ISK402	$3.03 KYD2.52	-8.6%
Bottle of water (11 fl. oz)	$3.11 ISK376	$2.85 KYD2.37	-8.3%
Average			-18.0%

Reykjavik vs. George Town - Cost of restaurants

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pay 48.6% more for groceries

	Reykjavik	George Town
Bread 1 loaf	$4.19 ISK508	$4.25 KYD3.54	+1.3%
Local cheese (8 oz)	$10.93 ISK1,324	$27.99 KYD23.32	+156.0%
Milk (1 gallon)	$7.78 ISK942	$17.33 KYD14.44	+122.8%
Eggs 1 dozen	$7.08 ISK858	$7.27 KYD6.06	+2.7%
Boneless chicken breast (1 lb)	$11.00 ISK1,333	$8.69 KYD7.24	-21.0%
Apples (1 lb)	$1.50 ISK182	$3.38 KYD2.82	+124.9%
Bananas (1 lb)	$1.27 ISK154	$1.65 KYD1.38	+30.2%
Oranges (1 lb)	$1.46 ISK177	$2.78 KYD2.32	+90.8%
Tomatoes (1 lb)	$2.93 ISK355	$3.54 KYD2.95	+20.7%
Potatoes (1 lb)	$1.78 ISK215	$1.86 KYD1.55	+4.7%
Onions (1 lb)	$0.76 ISK92	$1.79 KYD1.49	+136.7%
Average			+48.6%

Reykjavik vs. George Town - Cost of groceries

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pay 11.7% less for transportation

	Reykjavik	George Town
Gasoline (1 gallon)	$7.76 ISK941	$6.14 KYD5.11	-21.0%
Monthly public transit pass	$94.80 ISK11,488	$80.99 KYD67.49	-14.6%
New Volkswagen Golf 1.4 (standard edition)	$50,588.43 ISK6M	$41,995.48 KYD34,995.76	-17.0%
Taxi trip in downtown area (5 miles)	$29.26 ISK3,545	$49.61 KYD41.34	+69.6%
Average			-11.7%

Reykjavik vs. George Town - Cost of transportation

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pay 46.1% more for housing

	Reykjavik	George Town
Internet connection 50 mbps or faster, cable/dsl	$86.01 ISK10,422	$113.09 KYD94.24	+31.5%
1-Bedroom apartment in downtown area	$2,522.88 ISK306K	$2,909.69 KYD2,424.71	+15.3%
1-Bedroom apartment outside city center	$2,032.25 ISK246K	$2,447.74 KYD2,039.75	+20.4%
Utilities for two (700 sq ft apartment) including electric, gas, water, heating	$73.44 ISK8,899	$349.88 KYD291.56	+376.4%
Average			+46.1%

Reykjavik vs. George Town - Cost of housing

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pay 25.2% more for childcare

	Reykjavik	George Town
Private preschool for 1 child, monthly	$1,185.23 ISK144K	$1,806.23 KYD1,505.17	+52.4%
Middle school for 1 child, two semesters	$25,853.51 ISK3M	$26,602.85 KYD22,168.74	+2.9%
Average			+25.2%

Reykjavik vs. George Town - Cost of childcare

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pay 6.0% more for entertainment and sports

	Reykjavik	George Town
Domestic/local beer (1 pint)	$13.89 ISK1,684	$7.20 KYD6.00	-48.2%
Cappuccino in mid-range area	$6.74 ISK817	$7.05 KYD5.87	+4.6%
Pack of cigarettes Marlboro or similar	$13.89 ISK1,684	$14.40 KYD12.00	+3.6%
Monthly membership at local gym	$100.25 ISK12,148	$214.60 KYD178.83	+114.1%
Movie ticket to theater/cinema	$19.57 ISK2,372	$18.60 KYD15.50	-5.0%
Average			+6.0%

Reykjavik vs. George Town - Cost of entertainment and sports

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pay 26.9% less for clothing

	Reykjavik	George Town
Regular jeans Levi's brand	$149.01 ISK18,058	$85.49 KYD71.24	-42.6%
Regular dress from H&M or similar store	$65.79 ISK7,972	$74.09 KYD61.74	+12.6%
Running shoes Nike or Adidas	$181.84 ISK22,035	$137.99 KYD114.99	-24.1%
Men's business shoes (leather)	$248.81 ISK30,151	$144.98 KYD120.82	-41.7%
Average			-26.9%

Reykjavik vs. George Town - Cost of clothing

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We average the price of thousands of data points entered by users across the world. Sources: MyLifeElsewhere's cost-of-living dataset (prices updated October 2026). How we calculate this

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