Guatemala vs Iceland - Cost of Living Comparison

Updated:

Livingcost

Guatemala Iceland
🚶 Cost of living one person
$885
$2685
👨‍👩‍👧‍👦 Cost of living Family
$2195
$5605
🏠 One person rent
$390
$1593
🏘️ Family rent
$717
$2495
🍽️ Food expenses
$342
$794
🚐 Transport expenses
$48.5
$85.7
💳 Monthly salary after tax
$457
$3865
💸 GDP per capita
$5798
$78811
😃 Human freedom index
7.09
8.73
❤️ Life expectancy
68.7
82.2
👮 Corruption perceptions index
23
72
🌐 English speaking %
1%
98%
🎓 Higher education
50
81
😀 Quality of life
31
92
🏙️ Population
17.3M
364K

The average cost of living in Guatemala ($885) is 67% less expensive than in Iceland ($2685). Guatemala ranked 104th vs 5th for Iceland in the list of the most expensive countries in the world.

The average after-tax salary is enough to cover living expenses for 0.5 months in Guatemala compared to 1.4 months in Iceland. Ranked 143rd and 11th best countries to live in the world.

Salary adjustment calculator
the estimated difference in money purchasing power

Cost of living in Guatemala vs Iceland infographic

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Prices in Guatemala vs Iceland

We calculate prices for Guatemala and Iceland as a population-weighted mean of 10 and 5 cities, respectively. Since large cities tend to have a higher cost of living, it's better to visit specific city pages below for more relevant information.

Guatemala Iceland
Eating Out
🍱 Lunch Menu
$5.12
$22.1
🥂 Dinner in a Restaurant, for 2
$44.5
$115
🥪 Fast food meal, equiv. McDonald's
$6.21
$18.3
🍻 Beer in a Pub, 0.5 L or 16 fl oz
$2.64
$10.4
 Cappuccino
$3.04
$5.1
🥤 Pepsi / Coke, 0.5 L or 16.9 fl oz
$1.15
$2.95
Rent & Utilities
🏙️ 1 bedroom apartment in Downtown, 40 m2 or 430 ft2
$426
$1639
🏡 Cheap 1 bedroom apartment, 40 m2 or 430 ft2
$276
$1432
🏙️ 3 bedroom apartment in Downtown, 80 m2 or 860 ft2
$912
$2535
🏡 Cheap 3 bedroom apartment, 80 m2 or 860 ft2
$535
$2304
🔌 Utility Bill one person, electricity, heating, water, etc.
$44.5
$46.2
🔌 Utility Bill for a Family, electricity, heating, water, etc.
$68.3
$71.2
🌐 Internet plan, 50 Mbps+ 1 month unlimited
$39
$73.9
🏦 Mortgage Interest Rate for 20 Years
8.86%
7.22%
🏙️ Apartment price to Buy in city Center, 1 m2 or 10 ft2
$1325
$5677
🏡 House price to Buy in Suburbs, 1 m2 or 10 ft2
$839
$4632
Transportation
🚌 Local transport ticket
$0.69
$4.47
🎟️ Monthly ticket local transport
$13
$74.2
🚕 Taxi Ride, 8 km or 5 mi
$8.78
$24.9
 Gas / Petrol, 1 L or 0.26 gal
$1.11
$2.28
Groceries
🥛 Milk, 1 L or 1 qt
$1.77
$1.67
🍞 Bread, 0.5 kg or 1.1 lb
$2.7
$3.6
🍚 Rice, 1 kg or 2.2 lb
$2.11
$3.11
🥚 Eggs, x12
$2.31
$5.77
🧀 Cheese, 1 kg or 2.2 lb
$5.31
$15.4
🐔 Chicken Breast, 1 kg or 2.2 lb
$7.21
$19.7
🥩 Round Steak, 1 kg or 2.2 lb
$7.8
$33.9
🍏 Apples, 1 kg or 2.2 lb
$2.93
$2.88
🍌 Banana, 1 kg or 2.2 lb
$1.47
$2.31
🍊 Oranges, 1 kg or 2.2 lb
$2.97
$2.69
🍅 Tomato, 1 kg or 2.2 lb
$2.01
$4.65
🥔 Potato, 1 kg or 2.2 lb
$1.73
$2.99
🧅 Onion, 1 kg or 2.2 lb
$2.25
$1.84
🌊 Water, 1 L or 1 qt
$0.71
$1.28
🍹 Coca-Cola / Pepsi, 2 L or 67.6 fl oz
$2.8
$2.74
🍾 Wine (mid-priced), 750 mL bottle
$7.81
$21.3
🍺 Beer, 0.5 L or 16 fl oz
$1.76
$3.27
🚬 Cigarette pack
$3.53
$12
💊 Cold medicince, 1 week
$5.3
$11.6
🧴 Hair Shampoo
$6.68
$5.35
🧻 Toilet paper, 4 rolls
$2.72
$4.7
👄 Toothpaste, 1 tube
$2.43
$3.32
Other
🏋️ Gym Membership, 1 month
$46.9
$67.9
🎫 Cinema Ticket, 1 person
$7.26
$14.9
👩‍⚕️ Doctor's visit
$38.1
$84.3
💇 Haircut, simple
$12.4
$47.3
👖 Brand Jeans
$51.4
$113
👟 Brand Sneakers
$111
$152
👶 Daycare or Preschool, 1 month
$186
$257
🏫 International Primary School, 1 year
$5637
$6163

Cost of living in other countries

Cost of living

Cities Comparison in Guatemala vs Iceland

More countries to compare

Cost of Living in Popular cities

In Guatemala

City Cost of living Population
Guatemala City
$1005
1.21M
Mixco
$639
528K
Coban
$912
229K
Quetzaltenango
$777
208K
Jalapa
$904
193K
San Miguel Petapa
$900
151K
Momostenango
$872
140K
Mazatenango
$870
83.8K
Flores
$859
44.7K
Panajachel
$791
16.1K

In Iceland

City Cost of living Population
Reykjavik
$2915
140K
Kopavogur
$2371
39.8K
Hafnarfjorur
$2602
30.6K
Akureyri
$2300
19.9K
Keflavik
$2091
15.9K