Cost of living comparison

London, Canada

compared to

Reykjavik, Iceland

Reykjavik vs. London Cost of Living Summary

Reykjavik is 27.9% more expensive than London.

Restaurants: pay 46.5% more in Reykjavik
Groceries: pay 29.2% more in Reykjavik
Transportation: pay 50.3% more in Reykjavik
Housing: pay 12.7% more in Reykjavik
Childcare: pay 55.2% less in Reykjavik
Entertainment and Sports: pay 53.6% more in Reykjavik
Clothing: pay 58.4% more in Reykjavik

The cost of clothing, entertainment and sports, transportation, restaurants, groceries, and housing in Reykjavik are more expensive than in London.

Reykjavik vs. London Cost Breakdown

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

Display currency: USD

pay 46.5% more for restaurants

	London	Reykjavik
Basic meal with drink at inexpensive restaurant	$16.17 CA$22.01	$20.00 ISK2,419	+23.7%
Fast food combo meal McDonalds, or similar	$10.06 CA$13.69	$18.02 ISK2,179	+79.1%
Bottle of Coca-Cola (11 fl. oz)	$1.93 CA$2.63	$3.15 ISK381	+63.0%
Bottle of water (11 fl. oz)	$1.82 CA$2.48	$2.19 ISK264	+20.1%
Average			+46.5%

London vs. Reykjavik - Cost of restaurants

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pay 29.2% more for groceries

	London	Reykjavik
Bread 1 loaf	$2.31 CA$3.15	$3.61 ISK437	+56.0%
Local cheese (8 oz)	$6.30 CA$8.58	$7.76 ISK938	+23.1%
Milk (1 gallon)	$6.82 CA$9.28	$6.40 ISK774	-6.0%
Eggs 1 dozen	$3.26 CA$4.44	$5.76 ISK696	+76.6%
Boneless chicken breast (1 lb)	$5.67 CA$7.72	$9.45 ISK1,142	+66.5%
Apples (1 lb)	$1.99 CA$2.71	$1.40 ISK170	-29.6%
Bananas (1 lb)	$0.67 CA$0.92	$1.01 ISK122	+49.5%
Oranges (1 lb)	$1.67 CA$2.27	$1.22 ISK147	-27.1%
Tomatoes (1 lb)	$1.71 CA$2.33	$2.22 ISK269	+30.1%
Potatoes (1 lb)	$0.81 CA$1.10	$1.43 ISK173	+77.8%
Onions (1 lb)	$0.90 CA$1.22	$0.93 ISK113	+4.0%
Average			+29.2%

London vs. Reykjavik - Cost of groceries

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pay 50.3% more for transportation

	London	Reykjavik
Gasoline (1 gallon)	$4.19 CA$5.70	$8.50 ISK1,028	+102.9%
Monthly public transit pass	$80.47 CA$109.54	$74.95 ISK9,064	-6.9%
New Volkswagen Golf 1.4 (standard edition)	$24,412.64 CA$33,231.71	$42,450.45 ISK5,133,533	+73.9%
Taxi trip in downtown area (5 miles)	$18.32 CA$24.94	$24.05 ISK2,908	+31.3%
Average			+50.3%

London vs. Reykjavik - Cost of transportation

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pay 12.7% more for housing

	London	Reykjavik
Internet connection 50 mbps or faster, cable/dsl	$57.79 CA$78.67	$69.87 ISK8,449	+20.9%
1-Bedroom apartment in downtown area	$1,497.20 CA$2,038.07	$1,971.17 ISK238,374	+31.7%
1-Bedroom apartment outside city center	$1,206.15 CA$1,641.88	$1,803.44 ISK218,090	+49.5%
Utilities for two (700 sq ft apartment) including electric, gas, water, heating	$110.53 CA$150.46	$53.95 ISK6,525	-51.2%
Average			+12.7%

London vs. Reykjavik - Cost of housing

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pay 55.2% less for childcare

	London	Reykjavik
Private preschool for 1 child, monthly	$538.86 CA$733.53	$252.14 ISK30,491	-53.2%
Middle school for 1 child, two semesters	$14,010.43 CA$19,071.70	$5,993.99 ISK724,854	-57.2%
Average			-55.2%

London vs. Reykjavik - Cost of childcare

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pay 53.6% more for entertainment and sports

	London	Reykjavik
Domestic/local beer (1 pint)	$5.19 CA$7.07	$10.81 ISK1,307	+108.1%
Cappuccino in mid-range area	$3.43 CA$4.67	$5.31 ISK642	+54.7%
Pack of cigarettes Marlboro or similar	$11.85 CA$16.14	$12.25 ISK1,481	+3.3%
Monthly membership at local gym	$42.44 CA$57.77	$69.95 ISK8,459	+64.8%
Movie ticket to theater/cinema	$10.77 CA$14.67	$14.77 ISK1,787	+37.1%
Average			+53.6%

London vs. Reykjavik - Cost of entertainment and sports

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pay 58.4% more for clothing

	London	Reykjavik
Regular jeans Levi's brand	$63.40 CA$86.31	$108.97 ISK13,178	+71.9%
Regular dress from H&M or similar store	$51.73 CA$70.42	$49.72 ISK6,013	-3.9%
Running shoes Nike or Adidas	$85.77 CA$116.75	$151.85 ISK18,364	+77.1%
Men's business shoes (leather)	$102.98 CA$140.19	$194.16 ISK23,480	+88.5%
Average			+58.4%

London vs. Reykjavik - 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: July 2025

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