Cost of living comparison
Reykjavik is 4.2% cheaper than London.
If you lived in Reykjavik instead of London, you would:
pay 24.6% more for restaurants
|
London
|
Reykjavik
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$25.83
£20.56
|
$20.00
ISK2,783
|
|
|
Fast food combo meal
McDonalds, or similar
|
$10.33
£8.22
|
$18.02
ISK2,507
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$2.46
£1.96
|
$3.15
ISK439
|
|
| Bottle of water (11 fl. oz) |
$1.85
£1.47
|
$2.19
ISK304
|
|
pay 39.9% more for groceries
|
London
|
Reykjavik
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$2.07
£1.65
|
$3.61
ISK502
|
|
| Local cheese (8 oz) |
$5.65
£4.49
|
$7.76
ISK1,079
|
|
| Milk (1 gallon) |
$6.31
£5.02
|
$6.40
ISK891
|
|
|
Eggs
1 dozen
|
$4.45
£3.54
|
$5.76
ISK801
|
|
| Boneless chicken breast (1 lb) |
$4.26
£3.39
|
$9.45
ISK1,314
|
|
| Apples (1 lb) |
$1.56
£1.24
|
$1.40
ISK195
|
|
| Bananas (1 lb) |
$0.75
£0.60
|
$1.01
ISK140
|
|
| Oranges (1 lb) |
$1.44
£1.14
|
$1.22
ISK169
|
|
| Tomatoes (1 lb) |
$1.79
£1.43
|
$2.22
ISK309
|
|
| Potatoes (1 lb) |
$0.69
£0.55
|
$1.43
ISK200
|
|
| Onions (1 lb) |
$0.70
£0.56
|
$0.93
ISK130
|
|
pay 17.9% less for transportation
|
London
|
Reykjavik
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$7.39
£5.88
|
$8.50
ISK1,183
|
|
| Monthly public transit pass |
$258.31
£205.55
|
$74.95
ISK10,428
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$36,531.14
£29,070.27
|
$42,450.45
ISK5,906,131
|
|
| Taxi trip in downtown area (5 miles) |
$35.26
£28.06
|
$24.05
ISK3,346
|
|
pay 13.7% less for housing
|
London
|
Reykjavik
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$41.63
£33.13
|
$69.87
ISK9,720
|
|
| 1-Bedroom apartment in downtown area |
$2,834.46
£2,255.57
|
$1,971.17
ISK274,249
|
|
| 1-Bedroom apartment outside city center |
$2,063.73
£1,642.25
|
$1,803.44
ISK250,913
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$263.90
£210.00
|
$53.95
ISK7,507
|
|
pay 83.8% less for childcare
|
London
|
Reykjavik
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$2,333.60
£1,857.00
|
$252.14
ISK35,080
|
|
| Middle school for 1 child, two semesters |
$27,892.30
£22,195.77
|
$5,993.99
ISK833,944
|
|
pay 0.2% more for entertainment and sports
|
London
|
Reykjavik
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$8.27
£6.58
|
$10.81
ISK1,504
|
|
| Cappuccino in mid-range area |
$4.80
£3.82
|
$5.31
ISK738
|
|
|
Pack of cigarettes
Marlboro or similar
|
$19.76
£15.72
|
$12.25
ISK1,704
|
|
| Monthly membership at local gym |
$65.66
£52.25
|
$69.95
ISK9,732
|
|
| Movie ticket to theater/cinema |
$16.14
£12.85
|
$14.77
ISK2,056
|
|
pay 21.6% more for clothing
|
London
|
Reykjavik
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$96.94
£77.14
|
$108.97
ISK15,161
|
|
|
Regular dress
from H&M or similar store
|
$50.55
£40.22
|
$49.72
ISK6,918
|
|
|
Running shoes
Nike or Adidas
|
$114.87
£91.41
|
$151.85
ISK21,127
|
|
| Men's business shoes (leather) |
$135.36
£107.72
|
$194.16
ISK27,013
|
|
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