Cost of living comparison

 Milton Keynes, United Kingdom
compared to
 Reykjavik, Iceland
Reykjavik vs. Milton Keynes Cost of Living Summary

Reykjavik is 22.4% more expensive than Milton Keynes.

Restaurants
pay 49.2% more in Reykjavik
Groceries
pay 61.4% more in Reykjavik
Transportation
pay 21.3% more in Reykjavik
Housing
pay 17.1% more in Reykjavik
Childcare
pay 74.2% less in Reykjavik
Entertainment and Sports
pay 41.3% more in Reykjavik
Clothing
pay 40.9% more in Reykjavik

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

Reykjavik vs. Milton Keynes Cost Breakdown

If you lived in Reykjavik instead of Milton Keynes, you would:

pay 49.2% more for restaurants

 
Milton Keynes
Reykjavik
Basic meal with drink at inexpensive restaurant $19.37
£14.32
$20.00
ISK2,527
Fast food combo meal
McDonalds, or similar
$10.33
£7.64
$18.02
ISK2,277
Bottle of Coca-Cola (11 fl. oz) $1.80
£1.33
$3.15
ISK399

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pay 61.4% more for groceries

 
Milton Keynes
Reykjavik
Bread
1 loaf
$1.36
£1.01
$3.61
ISK456
Local cheese (8 oz) $4.44
£3.28
$7.76
ISK980
Milk (1 gallon) $5.61
£4.14
$6.40
ISK809

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pay 21.3% more for transportation

 
Milton Keynes
Reykjavik
Gasoline (1 gallon) $6.99
£5.17
$8.50
ISK1,074
Monthly public transit pass $81.37
£60.15
$74.95
ISK9,472
New Volkswagen Golf 1.4 (standard edition) $36,531.14
£27,004.11
$42,450.45
ISK5,364,463

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pay 17.1% more for housing

 
Milton Keynes
Reykjavik
Internet connection
50 mbps or faster, cable/dsl
$36.51
£26.99
$69.87
ISK8,829
1-Bedroom apartment in downtown area $1,640.25
£1,212.49
$1,971.17
ISK249,097
1-Bedroom apartment outside city center $1,356.11
£1,002.45
$1,803.44
ISK227,901

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pay 74.2% less for childcare

 
Milton Keynes
Reykjavik
Private preschool for 1 child, monthly $1,808.15
£1,336.60
$252.14
ISK31,863
Middle school for 1 child, two semesters $15,928.96
£11,774.82
$5,993.99
ISK757,461

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pay 41.3% more for entertainment and sports

 
Milton Keynes
Reykjavik
Domestic/local beer (1 pint) $5.81
£4.30
$10.81
ISK1,366
Cappuccino in mid-range area $3.76
£2.78
$5.31
ISK670
Pack of cigarettes
Marlboro or similar
$18.08
£13.37
$12.25
ISK1,547

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pay 40.9% more for clothing

 
Milton Keynes
Reykjavik
Regular jeans
Levi's brand
$83.95
£62.06
$108.97
ISK13,771
Regular dress
from H&M or similar store
$49.82
£36.82
$49.72
ISK6,283
Running shoes
Nike or Adidas
$90.41
£66.83
$151.85
ISK19,190

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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: June 2025
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