Cost of living comparison
London is 2.7% cheaper than Reykjavik.
If you lived in London instead of Reykjavik, you would:
pay 24.2% less for restaurants
|
Reykjavik
|
London
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$21.59
ISK2,981
|
$18.35
CA$25.49
|
|
|
Fast food combo meal
McDonalds, or similar
|
$17.27
ISK2,385
|
$10.27
CA$14.27
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$2.90
ISK401
|
$2.08
CA$2.89
|
|
| Bottle of water (11 fl. oz) |
$2.07
ISK286
|
$1.80
CA$2.50
|
|
pay 18.7% less for groceries
|
Reykjavik
|
London
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$3.68
ISK509
|
$2.39
CA$3.33
|
|
| Local cheese (8 oz) |
$7.66
ISK1,058
|
$7.26
CA$10.09
|
|
| Milk (1 gallon) |
$6.16
ISK851
|
$6.35
CA$8.82
|
|
|
Eggs
1 dozen
|
$5.91
ISK817
|
$3.28
CA$4.55
|
|
| Boneless chicken breast (1 lb) |
$8.87
ISK1,225
|
$5.44
CA$7.55
|
|
| Apples (1 lb) |
$1.53
ISK211
|
$1.93
CA$2.68
|
|
| Bananas (1 lb) |
$0.97
ISK134
|
$0.57
CA$0.79
|
|
| Oranges (1 lb) |
$1.26
ISK174
|
$1.52
CA$2.11
|
|
| Tomatoes (1 lb) |
$2.23
ISK308
|
$1.66
CA$2.31
|
|
| Potatoes (1 lb) |
$1.42
ISK195
|
$0.75
CA$1.05
|
|
| Onions (1 lb) |
$1.01
ISK140
|
$0.82
CA$1.14
|
|
pay 25.4% less for transportation
|
Reykjavik
|
London
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$8.57
ISK1,184
|
$4.26
CA$5.91
|
|
| Monthly public transit pass |
$66.92
ISK9,242
|
$75.96
CA$105.52
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$41,660.67
ISK5,754,172
|
$24,936.06
CA$34,642.42
|
|
| Taxi trip in downtown area (5 miles) |
$23.30
ISK3,218
|
$17.61
CA$24.47
|
|
pay 9.8% more for housing
|
Reykjavik
|
London
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$68.45
ISK9,454
|
$58.12
CA$80.75
|
|
| 1-Bedroom apartment in downtown area |
$1,864.13
ISK257,474
|
$1,708.80
CA$2,373.95
|
|
| 1-Bedroom apartment outside city center |
$1,666.20
ISK230,135
|
$1,419.42
CA$1,971.92
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$64.43
ISK8,900
|
$114.45
CA$158.99
|
|
pay 92.7% more for childcare
|
Reykjavik
|
London
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$240.37
ISK33,200
|
$513.72
CA$713.69
|
|
| Middle school for 1 child, two semesters |
$5,984.07
ISK826,520
|
$10,274.44
CA$14,273.76
|
|
pay 29.6% less for entertainment and sports
|
Reykjavik
|
London
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$10.79
ISK1,491
|
$5.14
CA$7.14
|
|
| Cappuccino in mid-range area |
$5.09
ISK703
|
$3.34
CA$4.64
|
|
|
Pack of cigarettes
Marlboro or similar
|
$11.87
ISK1,640
|
$10.27
CA$14.27
|
|
| Monthly membership at local gym |
$65.50
ISK9,047
|
$49.71
CA$69.06
|
|
| Movie ticket to theater/cinema |
$14.39
ISK1,988
|
$11.01
CA$15.29
|
|
pay 23.3% less for clothing
|
Reykjavik
|
London
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$103.94
ISK14,356
|
$66.15
CA$91.90
|
|
|
Regular dress
from H&M or similar store
|
$43.50
ISK6,008
|
$49.54
CA$68.82
|
|
|
Running shoes
Nike or Adidas
|
$141.47
ISK19,540
|
$99.60
CA$138.37
|
|
| Men's business shoes (leather) |
$174.65
ISK24,123
|
$102.74
CA$142.74
|
|
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