Cost of living comparison
London is 2.1 times more expensive than Iceland.
If you lived in London instead of Iceland, you would:
pay 6.7% less for restaurants
|
Iceland
|
London
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$19.40
ISK2,691
|
$25.83
£20.46
|
|
|
Fast food combo meal
McDonalds, or similar
|
$16.94
ISK2,350
|
$10.33
£8.18
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$2.81
ISK390
|
$2.46
£1.95
|
|
| Bottle of water (11 fl. oz) |
$2.02
ISK280
|
$1.85
£1.47
|
|
pay 13.7% less for groceries
|
Iceland
|
London
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$2.95
ISK410
|
$2.07
£1.64
|
|
| Local cheese (8 oz) |
$7.27
ISK1,008
|
$5.65
£4.47
|
|
| Milk (1 gallon) |
$6.01
ISK833
|
$6.31
£5.00
|
|
|
Eggs
1 dozen
|
$5.42
ISK752
|
$4.45
£3.52
|
|
| Boneless chicken breast (1 lb) |
$8.51
ISK1,180
|
$4.26
£3.37
|
|
| Apples (1 lb) |
$1.22
ISK170
|
$1.56
£1.24
|
|
| Bananas (1 lb) |
$1.03
ISK142
|
$0.75
£0.60
|
|
| Oranges (1 lb) |
$1.17
ISK162
|
$1.44
£1.14
|
|
| Tomatoes (1 lb) |
$1.87
ISK260
|
$1.79
£1.42
|
|
| Potatoes (1 lb) |
$1.23
ISK171
|
$0.69
£0.54
|
|
| Onions (1 lb) |
$0.78
ISK109
|
$0.70
£0.56
|
|
pay 75.1% more for transportation
|
Iceland
|
London
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$8.36
ISK1,160
|
$7.39
£5.86
|
|
| Monthly public transit pass |
$71.28
ISK9,888
|
$258.31
£204.62
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$40,660.66
ISK5,640,447
|
$36,531.14
£28,938.98
|
|
| Taxi trip in downtown area (5 miles) |
$22.04
ISK3,057
|
$35.26
£27.93
|
|
pay 2.0 times more for housing
|
Iceland
|
London
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$72.17
ISK10,012
|
$41.63
£32.98
|
|
| 1-Bedroom apartment in downtown area |
$1,838.04
ISK254,973
|
$2,834.46
£2,245.39
|
|
| 1-Bedroom apartment outside city center |
$1,497.77
ISK207,771
|
$2,063.73
£1,634.83
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$58.01
ISK8,048
|
$263.90
£209.05
|
|
pay 6.8 times more for childcare
|
Iceland
|
London
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$258.16
ISK35,813
|
$2,333.60
£1,848.62
|
|
| Middle school for 1 child, two semesters |
$5,993.99
ISK831,487
|
$27,892.30
£22,095.53
|
|
pay 16.1% more for entertainment and sports
|
Iceland
|
London
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$9.19
ISK1,275
|
$8.27
£6.55
|
|
| Cappuccino in mid-range area |
$4.65
ISK645
|
$4.80
£3.81
|
|
|
Pack of cigarettes
Marlboro or similar
|
$11.76
ISK1,631
|
$19.76
£15.65
|
|
| Monthly membership at local gym |
$61.46
ISK8,526
|
$65.66
£52.02
|
|
| Movie ticket to theater/cinema |
$14.35
ISK1,990
|
$16.14
£12.79
|
|
pay 19.3% less for clothing
|
Iceland
|
London
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$111.23
ISK15,430
|
$96.94
£76.79
|
|
|
Regular dress
from H&M or similar store
|
$59.69
ISK8,280
|
$50.55
£40.04
|
|
|
Running shoes
Nike or Adidas
|
$148.00
ISK20,530
|
$114.87
£91.00
|
|
| Men's business shoes (leather) |
$184.49
ISK25,593
|
$135.36
£107.23
|
|
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