Cost of living comparison

compared to

Georgetown vs. Reykjavik Cost of Living Summary

Georgetown is 21.0% cheaper than Reykjavik.

Restaurants: pay 64.1% less in Georgetown
Groceries: pay 4.4% more in Georgetown
Transportation: pay 44.5% less in Georgetown
Housing: pay 37.8% less in Georgetown
Childcare: pay 92.5% more in Georgetown
Entertainment and Sports: pay 58.2% less in Georgetown
Clothing: pay 39.5% less in Georgetown

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

Georgetown vs. Reykjavik Cost Breakdown

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

Display currency: USD

pay 64.1% less for restaurants

	Reykjavik	Georgetown
Basic meal with drink at inexpensive restaurant	$27.48 ISK3,517	$11.95 GYD2,492.06	-56.5%
Fast food combo meal McDonalds, or similar	$22.76 ISK2,913	$9.37 GYD1,953.77	-58.9%
Bottle of Coca-Cola (11 fl. oz)	$3.34 ISK427	$1.18 GYD245.88	-64.7%
Bottle of water (11 fl. oz)	$2.70 ISK345	$0.64 GYD133.57	-76.3%
Average			-64.1%

Reykjavik vs. Georgetown - Cost of restaurants

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pay 4.4% more for groceries

	Reykjavik	Georgetown
Bread 1 loaf	$4.63 ISK593	$2.09 GYD435.76	-54.9%
Local cheese (8 oz)	$9.44 ISK1,208	$6.94 GYD1,447.18	-26.5%
Milk (1 gallon)	$7.63 ISK976	$13.04 GYD2,720.53	+70.9%
Eggs 1 dozen	$6.50 ISK832	$4.55 GYD948.64	-30.1%
Boneless chicken breast (1 lb)	$11.29 ISK1,445	$3.03 GYD631.70	-73.2%
Apples (1 lb)	$1.59 ISK204	$3.47 GYD722.89	+117.9%
Bananas (1 lb)	$1.17 ISK150	$1.53 GYD319.76	+31.1%
Oranges (1 lb)	$1.49 ISK190	$1.66 GYD347.03	+11.7%
Tomatoes (1 lb)	$2.54 ISK325	$2.74 GYD571.77	+8.1%
Potatoes (1 lb)	$1.70 ISK217	$1.09 GYD227.50	-35.7%
Onions (1 lb)	$1.13 ISK145	$1.46 GYD305.58	+29.6%
Average			+4.4%

Reykjavik vs. Georgetown - Cost of groceries

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pay 44.5% less for transportation

	Reykjavik	Georgetown
Gasoline (1 gallon)	$9.66 ISK1,236	$3.89 GYD811.28	-59.7%
Monthly public transit pass	$88.58 ISK11,337	$28.67 GYD5,980.94	-67.6%
New Volkswagen Golf 1.4 (standard edition)	$50,771.00 ISK6,497,672	$22,218.32 GYD4,635,225.77	-56.2%
Taxi trip in downtown area (5 miles)	$28.07 ISK3,592	$29.62 GYD6,180.30	+5.5%
Average			-44.5%

Reykjavik vs. Georgetown - Cost of transportation

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pay 37.8% less for housing

	Reykjavik	Georgetown
Internet connection 50 mbps or faster, cable/dsl	$81.97 ISK10,490	$50.36 GYD10,506.51	-38.6%
1-Bedroom apartment in downtown area	$2,259.48 ISK289,169	$906.97 GYD189,213.29	-59.9%
1-Bedroom apartment outside city center	$2,034.90 ISK260,427	$410.12 GYD85,560.62	-79.8%
Utilities for two (700 sq ft apartment) including electric, gas, water, heating	$60.87 ISK7,791	$77.46 GYD16,160.26	+27.2%
Average			-37.8%

Reykjavik vs. Georgetown - Cost of housing

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pay 92.5% more for childcare

	Reykjavik	Georgetown
Private preschool for 1 child, monthly	$327.78 ISK41,949	$1,014.45 GYD211,635.94	+209.5%
Middle school for 1 child, two semesters	$30,711.08 ISK3,930,404	$23,232.76 GYD4,846,859.30	-24.4%
Average			+92.5%

Reykjavik vs. Georgetown - Cost of childcare

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pay 58.2% less for entertainment and sports

	Reykjavik	Georgetown
Domestic/local beer (1 pint)	$13.12 ISK1,680	$2.03 GYD423.65	-84.5%
Cappuccino in mid-range area	$6.17 ISK790	$5.83 GYD1,216.12	-5.6%
Pack of cigarettes Marlboro or similar	$13.94 ISK1,783	$2.68 GYD558.22	-80.8%
Monthly membership at local gym	$87.35 ISK11,179	$38.23 GYD7,974.58	-56.2%
Movie ticket to theater/cinema	$17.18 ISK2,199	$6.21 GYD1,295.87	-63.9%
Average			-58.2%

Reykjavik vs. Georgetown - Cost of entertainment and sports

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pay 39.5% less for clothing

	Reykjavik	Georgetown
Regular jeans Levi's brand	$145.10 ISK18,569	$50.17 GYD10,466.64	-65.4%
Regular dress from H&M or similar store	$63.97 ISK8,187	$52.56 GYD10,965.05	-17.8%
Running shoes Nike or Adidas	$193.43 ISK24,755	$148.12 GYD30,901.51	-23.4%
Men's business shoes (leather)	$248.79 ISK31,840	$120.65 GYD25,169.77	-51.5%
Average			-39.5%

Reykjavik vs. Georgetown - 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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