Cost of living comparison

Keflavik, Iceland

compared to

London, United Kingdom

London vs. Keflavik Cost of Living Summary

London is 2.3 times more expensive than Keflavik.

Restaurants: pay 8.1% less in London
Groceries: pay 3.7% less in London
Transportation: pay 60.3% more in London
Housing: pay 3.3 times more in London
Childcare: pay 7.0 times more in London
Entertainment and Sports: pay 32.5% more in London
Clothing: pay 13.3% less in London

The cost of childcare, housing, transportation, and entertainment and sports in London are more expensive than in Keflavik. Expenses including clothing, restaurants, and groceries are lower in London. Notably, childcare and housing are significantly more expensive in London.

London vs. Keflavik Cost Breakdown

If you lived in London instead of Keflavik, you would:

Display currency: USD

pay 8.1% less for restaurants

	Keflavik	London
Basic meal with drink at inexpensive restaurant	$20.00 ISK2,557	$25.83 £19.40	+29.2%
Fast food combo meal McDonalds, or similar	$15.10 ISK1,930	$10.33 £7.76	-31.6%
Bottle of Coca-Cola (11 fl. oz)	$2.88 ISK369	$2.46 £1.85	-14.8%
Bottle of water (11 fl. oz)	$2.19 ISK279	$1.85 £1.39	-15.3%
Average			-8.1%

Keflavik vs. London - Cost of restaurants

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pay 3.7% less for groceries

	Keflavik	London
Bread 1 loaf	$3.61 ISK462	$2.07 £1.55	-42.7%
Local cheese (8 oz)	$7.76 ISK992	$5.65 £4.24	-27.2%
Milk (1 gallon)	$6.40 ISK819	$6.31 £4.74	-1.4%
Eggs 1 dozen	$5.40 ISK691	$4.45 £3.34	-17.7%
Boneless chicken breast (1 lb)	$8.60 ISK1,099	$4.26 £3.20	-50.5%
Apples (1 lb)	$0.92 ISK117	$1.56 £1.17	+70.6%
Bananas (1 lb)	$0.92 ISK117	$0.75 £0.57	-17.6%
Oranges (1 lb)	$0.98 ISK125	$1.44 £1.08	+46.7%
Tomatoes (1 lb)	$1.50 ISK192	$1.79 £1.35	+19.1%
Potatoes (1 lb)	$1.08 ISK138	$0.69 £0.52	-36.2%
Onions (1 lb)	$0.60 ISK77	$0.70 £0.53	+16.6%
Average			-3.7%

Keflavik vs. London - Cost of groceries

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pay 60.3% more for transportation

	Keflavik	London
Gasoline (1 gallon)	$8.49 ISK1,086	$7.39 £5.55	-12.9%
Monthly public transit pass	$80.36 ISK10,274	$258.31 £194.03	+221.4%
New Volkswagen Golf 1.4 (standard edition)	$42,450.45 ISK5,427,290	$36,531.14 £27,440.22	-13.9%
Taxi trip in downtown area (5 miles)	$24.05 ISK3,075	$35.26 £26.48	+46.6%
Average			+60.3%

Keflavik vs. London - Cost of transportation

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pay 3.3 times more for housing

	Keflavik	London
Internet connection 50 mbps or faster, cable/dsl	$64.86 ISK8,293	$41.63 £31.27	-35.8%
1-Bedroom apartment in downtown area	$1,345.35 ISK172,002	$2,834.46 £2,129.10	+110.7%
1-Bedroom apartment outside city center	$960.96 ISK122,859	$2,063.73 £1,550.17	+114.8%
Utilities for two (700 sq ft apartment) including electric, gas, water, heating	$31.23 ISK3,993	$263.90 £198.23	+745.0%
Average			+233.7%

Keflavik vs. London - Cost of housing

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pay 7.0 times more for childcare

	Keflavik	London
Private preschool for 1 child, monthly	$252.14 ISK32,236	$2,333.60 £1,752.88	+825.5%
Middle school for 1 child, two semesters	$5,993.99 ISK766,332	$27,892.30 £20,951.19	+365.3%
Average			+595.4%

Keflavik vs. London - Cost of childcare

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pay 32.5% more for entertainment and sports

	Keflavik	London
Domestic/local beer (1 pint)	$7.57 ISK968	$8.27 £6.21	+9.2%
Cappuccino in mid-range area	$3.57 ISK456	$4.80 £3.61	+34.6%
Pack of cigarettes Marlboro or similar	$10.77 ISK1,377	$19.76 £14.84	+83.5%
Monthly membership at local gym	$57.66 ISK7,372	$65.66 £49.32	+13.9%
Movie ticket to theater/cinema	$13.33 ISK1,705	$16.14 £12.13	+21.1%
Average			+32.5%

Keflavik vs. London - Cost of entertainment and sports

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pay 13.3% less for clothing

	Keflavik	London
Regular jeans Levi's brand	$108.97 ISK13,932	$96.94 £72.82	-11.0%
Regular dress from H&M or similar store	$49.72 ISK6,357	$50.55 £37.97	+1.7%
Running shoes Nike or Adidas	$151.85 ISK19,415	$114.87 £86.29	-24.4%
Men's business shoes (leather)	$168.17 ISK21,500	$135.36 £101.68	-19.5%
Average			-13.3%

Keflavik vs. London - 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 2025

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