Guatemala City vs Reykjavík Cost of Living Comparison
Executive summary: Guatemala City leads on CPI (21 vs 80, NYC=100), Guatemala City leads on rent index, and Reykjavík leads on purchasing power. Validate neighbourhood rents before relocating — city-wide winners can reverse at district scale.
Overall Cost Winner
Guatemala City
Lower overall CPI; largest measurable gaps: Utilities (13678% gap, Guatemala City ahead); Transport (12720% gap, Guatemala City ahead).
Monthly Cost Difference
Estimated monthly housing+utilities+internet basket is about $1,537 lower in Guatemala City than in Reykjavík (~612% gap; converted via exchange rates).
Estimated monthly difference: $1,537 (favoring Guatemala City).
Category Winners
| Category | Winner | Note |
|---|---|---|
| Overall CPI | Guatemala City | CPI 21 vs 80 (lower is better) |
| Housing | Guatemala City | Rent index 6.1 vs 47.2 (lower is better) |
| Food | Guatemala City | Groceries index 29.1 vs 91.8 (lower is better) |
| Transport | Guatemala City | One-way ticket 2.36 vs 302.55 (lower is better) |
| Utilities | Guatemala City | Utilities (85m²) 94.55 vs 13027.2 (lower is better) |
| Internet | Guatemala City | Internet 195.84 vs 5738.04 (lower is better) |
| Restaurants | Guatemala City | Restaurant index 16.8 vs 90 (lower is better) |
| Salary | Reykjavík | Avg net salary 843621.6 vs 7207.5 (higher is better) |
| Purchasing Power | Reykjavík | PP index 98.6 vs 15 (higher is better) |
Biggest Difference
Utilities: Guatemala City leads with a 13678% gap.
Utilities (85m²) 94.55 vs 13027.2 (lower is better)
Quick Decision
- Students: Guatemala City — Lower housing / rent index (674% gap).
- Families: Guatemala City — Housing is typically the largest household line; rent index favors Guatemala City; purchasing power favors Reykjavík.
- Remote Workers: Guatemala City — Everyday cost index (CPI) favors Guatemala City (~281% gap).
- Budget Living: Guatemala City — Lowest overall consumer-price index in this pair.
Key Takeaways
- Guatemala City is the overall cost winner on CPI (~281% lower everyday-cost index than Reykjavík).
- Housing: Guatemala City leads on rent index (674% gap).
- Food / groceries: Guatemala City is lower (215% gap).
- Purchasing power: Reykjavík scores higher (557% gap).
- Largest category gap: Utilities (13678%), favoring Guatemala City.
- Sample monthly basket (1BR + utilities + internet) is ~$1,537 cheaper in Guatemala City.
Analysis
Detailed breakdown uses only paired indices: CPI 21/80, rent 6.1/47.2, purchasing power 15/98.6. Category winners can diverge — a city may win rent while losing CPI. No GDP, climate, or industry claims are invented for either city.
Trust & data transparency
Last updated: 2026-08-21
Data Sources
This page uses CityCost index inputs. Platform sources (see also Data sources):
- Regional
- Regional
On-page labels for this view: Regional · Regional.
Methodology
Each indexed city is associated with a reference basket of common living costs (for example rent, groceries samples, transport tickets, utilities, restaurant meals, and net salary where available). From those items, the platform derives relative indices such as CPI, rent, groceries, restaurants, and local purchasing power, using New York City = 100 as the familiar baseline convention for relative comparison.