Cost of living comparison

compared to

Tobago vs. Reykjavik Cost of Living Summary

Tobago is 56.2% cheaper than Reykjavik.

Restaurants: pay 69.2% less in Tobago
Groceries: pay 26.3% less in Tobago
Transportation: pay 61.5% less in Tobago
Housing: pay 64.4% less in Tobago
Childcare: pay 70.8% less in Tobago
Entertainment and Sports: pay 54.7% less in Tobago
Clothing: pay 46.3% less in Tobago

Expenses including childcare, restaurants, housing, transportation, entertainment and sports, and clothing are lower in Tobago.

Tobago vs. Reykjavik Cost Breakdown

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

Display currency: USD

pay 69.2% less for restaurants

	Reykjavik	Tobago
Basic meal with drink at inexpensive restaurant	$27.48 ISK3,420	$8.84 TTD59.83	-67.8%
Fast food combo meal McDonalds, or similar	$22.76 ISK2,833	$7.36 TTD49.86	-67.7%
Bottle of Coca-Cola (11 fl. oz)	$3.34 ISK415	$0.93 TTD6.32	-72.0%
Bottle of water (11 fl. oz)	$2.70 ISK336	$0.83 TTD5.65	-69.1%
Average			-69.2%

Reykjavik vs. Tobago - Cost of restaurants

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pay 26.3% less for groceries

	Reykjavik	Tobago
Bread 1 loaf	$4.63 ISK577	$2.31 TTD15.62	-50.2%
Local cheese (8 oz)	$9.44 ISK1,175	$3.68 TTD24.93	-61.0%
Milk (1 gallon)	$7.63 ISK950	$8.62 TTD58.39	+13.0%
Eggs 1 dozen	$6.50 ISK809	$4.55 TTD30.85	-30.0%
Boneless chicken breast (1 lb)	$11.29 ISK1,406	$3.34 TTD22.62	-70.4%
Apples (1 lb)	$1.59 ISK198	$3.10 TTD20.99	+94.9%
Bananas (1 lb)	$1.17 ISK146	$1.09 TTD7.38	-6.8%
Oranges (1 lb)	$1.49 ISK185	$1.34 TTD9.05	-10.3%
Tomatoes (1 lb)	$2.54 ISK316	$1.34 TTD9.05	-47.3%
Potatoes (1 lb)	$1.70 ISK211	$0.53 TTD3.62	-68.5%
Onions (1 lb)	$1.13 ISK141	$0.53 TTD3.62	-52.7%
Average			-26.3%

Reykjavik vs. Tobago - Cost of groceries

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pay 61.5% less for transportation

	Reykjavik	Tobago
Gasoline (1 gallon)	$9.66 ISK1,202	$3.82 TTD25.90	-60.4%
Monthly public transit pass	$88.58 ISK11,027	??
New Volkswagen Golf 1.4 (standard edition)	$50,771.00 ISK6M	$26,505.31 TTD180K	-47.8%
Taxi trip in downtown area (5 miles)	$28.07 ISK3,494	$6.63 TTD44.88	-76.4%
Average			-61.5%

Reykjavik vs. Tobago - Cost of transportation

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pay 64.4% less for housing

	Reykjavik	Tobago
Internet connection 50 mbps or faster, cable/dsl	$81.97 ISK10,203	$58.90 TTD398.90	-28.1%
1-Bedroom apartment in downtown area	$2,259.48 ISK281K	$407.40 TTD2,759.03	-82.0%
1-Bedroom apartment outside city center	$2,034.90 ISK253K	$343.59 TTD2,326.89	-83.1%
Utilities for two (700 sq ft apartment) including electric, gas, water, heating	$60.87 ISK7,578	??
Average			-64.4%

Reykjavik vs. Tobago - Cost of housing

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pay 70.8% less for childcare

	Reykjavik	Tobago
Private preschool for 1 child, monthly	$327.78 ISK40,802	$95.71 TTD648.20	-70.8%
Middle school for 1 child, two semesters	$30,711.08 ISK4M	??
Average			-70.8%

Reykjavik vs. Tobago - Cost of childcare

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pay 54.7% less for entertainment and sports

	Reykjavik	Tobago
Domestic/local beer (1 pint)	$13.12 ISK1,634	$3.68 TTD24.93	-71.9%
Cappuccino in mid-range area	$6.17 ISK768	$3.68 TTD24.93	-40.4%
Pack of cigarettes Marlboro or similar	$13.94 ISK1,735	$4.79 TTD32.41	-65.7%
Monthly membership at local gym	$87.35 ISK10,874	$53.99 TTD365.65	-38.2%
Movie ticket to theater/cinema	$17.18 ISK2,139	$7.36 TTD49.86	-57.2%
Average			-54.7%

Reykjavik vs. Tobago - Cost of entertainment and sports

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pay 46.3% less for clothing

	Reykjavik	Tobago
Regular jeans Levi's brand	$145.10 ISK18,062	$51.54 TTD349.03	-64.5%
Regular dress from H&M or similar store	$63.97 ISK7,963	$46.63 TTD315.79	-27.1%
Running shoes Nike or Adidas	$193.43 ISK24,078	$152.16 TTD1,030.48	-21.3%
Men's business shoes (leather)	$248.79 ISK30,970	$68.72 TTD465.38	-72.4%
Average			-46.3%

Reykjavik vs. Tobago - 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: April 2026

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