Cost of living comparison
London is 2.0 times more expensive than Reykjavik.
If you lived in London instead of Reykjavik, you would:
pay 12.7% less for restaurants
|
Reykjavik
|
London
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$20.00
ISK2,753
|
$25.83
£20.47
|
|
|
Fast food combo meal
McDonalds, or similar
|
$18.02
ISK2,480
|
$10.33
£8.19
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$3.15
ISK434
|
$2.46
£1.95
|
|
| Bottle of water (11 fl. oz) |
$2.19
ISK301
|
$1.85
£1.47
|
|
pay 21.9% less for groceries
|
Reykjavik
|
London
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$3.61
ISK497
|
$2.07
£1.64
|
|
| Local cheese (8 oz) |
$7.76
ISK1,068
|
$5.65
£4.47
|
|
| Milk (1 gallon) |
$6.40
ISK882
|
$6.31
£5.00
|
|
|
Eggs
1 dozen
|
$5.76
ISK792
|
$4.45
£3.52
|
|
| Boneless chicken breast (1 lb) |
$9.45
ISK1,300
|
$4.26
£3.38
|
|
| Apples (1 lb) |
$1.40
ISK193
|
$1.56
£1.24
|
|
| Bananas (1 lb) |
$1.01
ISK139
|
$0.75
£0.60
|
|
| Oranges (1 lb) |
$1.22
ISK168
|
$1.44
£1.14
|
|
| Tomatoes (1 lb) |
$2.22
ISK306
|
$1.79
£1.42
|
|
| Potatoes (1 lb) |
$1.43
ISK197
|
$0.69
£0.55
|
|
| Onions (1 lb) |
$0.93
ISK129
|
$0.70
£0.56
|
|
pay 66.1% more for transportation
|
Reykjavik
|
London
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$8.50
ISK1,170
|
$7.39
£5.86
|
|
| Monthly public transit pass |
$74.95
ISK10,318
|
$258.31
£204.71
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$42,450.45
ISK5,843,304
|
$36,531.14
£28,951.62
|
|
| Taxi trip in downtown area (5 miles) |
$24.05
ISK3,311
|
$35.26
£27.94
|
|
pay 2.0 times more for housing
|
Reykjavik
|
London
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$69.87
ISK9,617
|
$41.63
£32.99
|
|
| 1-Bedroom apartment in downtown area |
$1,971.17
ISK271,332
|
$2,834.46
£2,246.37
|
|
| 1-Bedroom apartment outside city center |
$1,803.44
ISK248,243
|
$2,063.73
£1,635.55
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$53.95
ISK7,427
|
$263.90
£209.15
|
|
pay 7.0 times more for childcare
|
Reykjavik
|
London
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$252.14
ISK34,707
|
$2,333.60
£1,849.42
|
|
| Middle school for 1 child, two semesters |
$5,993.99
ISK825,073
|
$27,892.30
£22,105.18
|
|
pay 6.3% more for entertainment and sports
|
Reykjavik
|
London
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$10.81
ISK1,488
|
$8.27
£6.55
|
|
| Cappuccino in mid-range area |
$5.31
ISK730
|
$4.80
£3.81
|
|
|
Pack of cigarettes
Marlboro or similar
|
$12.25
ISK1,686
|
$19.76
£15.66
|
|
| Monthly membership at local gym |
$69.95
ISK9,628
|
$65.66
£52.04
|
|
| Movie ticket to theater/cinema |
$14.77
ISK2,034
|
$16.14
£12.79
|
|
pay 16.0% less for clothing
|
Reykjavik
|
London
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$108.97
ISK15,000
|
$96.94
£76.83
|
|
|
Regular dress
from H&M or similar store
|
$49.72
ISK6,844
|
$50.55
£40.06
|
|
|
Running shoes
Nike or Adidas
|
$151.85
ISK20,903
|
$114.87
£91.04
|
|
| Men's business shoes (leather) |
$194.16
ISK26,726
|
$135.36
£107.28
|
|
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