Cost of living comparison

compared to

Guatemala City vs. Reykjavik Cost of Living Summary

Guatemala City is 39.9% cheaper than Reykjavik.

Restaurants: pay 65.2% less in Guatemala City
Groceries: pay 21.2% less in Guatemala City
Transportation: pay 63.7% less in Guatemala City
Housing: pay 43.6% less in Guatemala City
Childcare: pay 10.2% less in Guatemala City
Entertainment and Sports: pay 49.3% less in Guatemala City
Clothing: pay 26.0% less in Guatemala City

Expenses including restaurants, transportation, entertainment and sports, housing, clothing, and groceries are lower in Guatemala City.

Guatemala City vs. Reykjavik Cost Breakdown

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

Display currency: USD

pay 65.2% less for restaurants

	Reykjavik	Guatemala City
Basic meal with drink at inexpensive restaurant	$20.00 ISK2,493	$5.15 GTQ39.57	-74.3%
Fast food combo meal McDonalds, or similar	$18.02 ISK2,246	$6.37 GTQ48.97	-64.7%
Bottle of Coca-Cola (11 fl. oz)	$3.15 ISK393	$1.16 GTQ8.90	-63.3%
Bottle of water (11 fl. oz)	$2.19 ISK272	$0.91 GTQ6.97	-58.5%
Average			-65.2%

Reykjavik vs. Guatemala City - Cost of restaurants

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pay 21.2% less for groceries

	Reykjavik	Guatemala City
Bread 1 loaf	$3.61 ISK450	$3.24 GTQ24.91	-10.3%
Local cheese (8 oz)	$7.76 ISK967	$3.39 GTQ26.03	-56.4%
Milk (1 gallon)	$6.40 ISK798	$7.37 GTQ56.69	+15.1%
Eggs 1 dozen	$5.76 ISK718	$2.57 GTQ19.76	-55.4%
Boneless chicken breast (1 lb)	$9.45 ISK1,178	$3.42 GTQ26.34	-63.8%
Apples (1 lb)	$1.40 ISK175	$1.67 GTQ12.81	+18.8%
Bananas (1 lb)	$1.01 ISK126	$0.74 GTQ5.71	-26.4%
Oranges (1 lb)	$1.22 ISK152	$1.55 GTQ11.90	+27.1%
Tomatoes (1 lb)	$2.22 ISK277	$0.91 GTQ7.01	-59.0%
Potatoes (1 lb)	$1.43 ISK179	$0.84 GTQ6.43	-41.7%
Onions (1 lb)	$0.93 ISK116	$1.11 GTQ8.51	+18.4%
Average			-21.2%

Reykjavik vs. Guatemala City - Cost of groceries

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pay 63.7% less for transportation

	Reykjavik	Guatemala City
Gasoline (1 gallon)	$8.50 ISK1,060	$4.13 GTQ31.77	-51.4%
Monthly public transit pass	$74.95 ISK9,343	$13.42 GTQ103.24	-82.1%
New Volkswagen Golf 1.4 (standard edition)	$42,450.45 ISK5,291,449	$18,009.72 GTQ138,510.38	-57.6%
Taxi trip in downtown area (5 miles)	$24.05 ISK2,998	$8.75 GTQ67.28	-63.6%
Average			-63.7%

Reykjavik vs. Guatemala City - Cost of transportation

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pay 43.6% less for housing

	Reykjavik	Guatemala City
Internet connection 50 mbps or faster, cable/dsl	$69.87 ISK8,709	$43.14 GTQ331.77	-38.3%
1-Bedroom apartment in downtown area	$1,971.17 ISK245,706	$647.65 GTQ4,980.96	-67.1%
1-Bedroom apartment outside city center	$1,803.44 ISK224,799	$347.33 GTQ2,671.27	-80.7%
Utilities for two (700 sq ft apartment) including electric, gas, water, heating	$53.95 ISK6,725	$60.31 GTQ463.81	+11.8%
Average			-43.6%

Reykjavik vs. Guatemala City - Cost of housing

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pay 10.2% less for childcare

	Reykjavik	Guatemala City
Private preschool for 1 child, monthly	$252.14 ISK31,429	$217.77 GTQ1,674.84	-13.6%
Middle school for 1 child, two semesters	$5,993.99 ISK747,151	$5,593.73 GTQ43,020.66	-6.7%
Average			-10.2%

Reykjavik vs. Guatemala City - Cost of childcare

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pay 49.3% less for entertainment and sports

	Reykjavik	Guatemala City
Domestic/local beer (1 pint)	$10.81 ISK1,348	$3.22 GTQ24.73	-70.3%
Cappuccino in mid-range area	$5.31 ISK661	$3.31 GTQ25.42	-37.7%
Pack of cigarettes Marlboro or similar	$12.25 ISK1,526	$3.60 GTQ27.70	-70.6%
Monthly membership at local gym	$69.95 ISK8,719	$55.94 GTQ430.25	-20.0%
Movie ticket to theater/cinema	$14.77 ISK1,842	$7.72 GTQ59.36	-47.8%
Average			-49.3%

Reykjavik vs. Guatemala City - Cost of entertainment and sports

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pay 26.0% less for clothing

	Reykjavik	Guatemala City
Regular jeans Levi's brand	$108.97 ISK13,583	$47.50 GTQ365.32	-56.4%
Regular dress from H&M or similar store	$49.72 ISK6,198	$55.74 GTQ428.72	+12.1%
Running shoes Nike or Adidas	$151.85 ISK18,929	$120.06 GTQ923.40	-20.9%
Men's business shoes (leather)	$194.16 ISK24,202	$118.99 GTQ915.16	-38.7%
Average			-26.0%

Reykjavik vs. Guatemala 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: June 2025

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