Cost of living comparison

Reykjavik, Iceland

compared to

Peterborough, United Kingdom

Peterborough vs. Reykjavik Cost of Living Summary

Peterborough is 20.3% more expensive than Reykjavik.

Restaurants: pay 24.0% less in Peterborough
Groceries: pay 40.4% less in Peterborough
Transportation: pay 6.3% less in Peterborough
Housing: pay 12.0% more in Peterborough
Childcare: pay 3.6 times more in Peterborough
Entertainment and Sports: pay 11.5% less in Peterborough
Clothing: pay 46.6% less in Peterborough

The cost of childcare and housing in Peterborough are more expensive than in Reykjavik. Expenses including clothing, groceries, restaurants, entertainment and sports, and transportation are lower in Peterborough. Notably, childcare is significantly more expensive in Peterborough.

Peterborough vs. Reykjavik Cost Breakdown

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

Display currency: USD

pay 24.0% less for restaurants

	Reykjavik	Peterborough
Basic meal with drink at inexpensive restaurant	$20.00 ISK2,569	$17.44 £13.33	-12.8%
Fast food combo meal McDonalds, or similar	$18.02 ISK2,314	$10.33 £7.90	-42.7%
Bottle of Coca-Cola (11 fl. oz)	$3.15 ISK405	$2.32 £1.78	-26.3%
Bottle of water (11 fl. oz)	$2.19 ISK281	$1.87 £1.43	-14.3%
Average			-24.0%

Reykjavik vs. Peterborough - Cost of restaurants

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pay 40.4% less for groceries

	Reykjavik	Peterborough
Bread 1 loaf	$3.61 ISK464	$1.36 £1.04	-62.3%
Local cheese (8 oz)	$7.76 ISK996	$3.98 £3.04	-48.7%
Milk (1 gallon)	$6.40 ISK822	$5.61 £4.29	-12.5%
Eggs 1 dozen	$5.76 ISK739	$3.57 £2.73	-38.0%
Boneless chicken breast (1 lb)	$9.45 ISK1,213	$4.32 £3.30	-54.3%
Apples (1 lb)	$1.40 ISK180	$1.43 £1.09	+1.9%
Bananas (1 lb)	$1.01 ISK130	$0.54 £0.41	-46.9%
Oranges (1 lb)	$1.22 ISK156	$0.73 £0.56	-39.8%
Tomatoes (1 lb)	$2.22 ISK286	$1.28 £0.97	-42.7%
Potatoes (1 lb)	$1.43 ISK184	$0.59 £0.45	-59.2%
Onions (1 lb)	$0.93 ISK120	$0.55 £0.42	-41.5%
Average			-40.4%

Reykjavik vs. Peterborough - Cost of groceries

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pay 6.3% less for transportation

	Reykjavik	Peterborough
Gasoline (1 gallon)	$8.50 ISK1,092	$6.93 £5.30	-18.5%
Monthly public transit pass	$74.95 ISK9,626	$112.31 £85.85	+49.8%
New Volkswagen Golf 1.4 (standard edition)	$42,450.45 ISK5,451,803	$36,531.14 £27,924.73	-13.9%
Taxi trip in downtown area (5 miles)	$24.05 ISK3,089	$13.82 £10.56	-42.5%
Average			-6.3%

Reykjavik vs. Peterborough - Cost of transportation

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pay 12.0% more for housing

	Reykjavik	Peterborough
Internet connection 50 mbps or faster, cable/dsl	$69.87 ISK8,973	$37.82 £28.91	-45.9%
1-Bedroom apartment in downtown area	$1,971.17 ISK253,152	$1,041.30 £795.98	-47.2%
1-Bedroom apartment outside city center	$1,803.44 ISK231,611	$871.79 £666.40	-51.7%
Utilities for two (700 sq ft apartment) including electric, gas, water, heating	$53.95 ISK6,929	$158.02 £120.79	+192.9%
Average			+12.0%

Reykjavik vs. Peterborough - Cost of housing

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pay 3.6 times more for childcare

	Reykjavik	Peterborough
Private preschool for 1 child, monthly	$252.14 ISK32,382	$904.08 £691.08	+258.6%
Middle school for 1 child, two semesters	$5,993.99 ISK769,793	??
Average			+258.6%

Reykjavik vs. Peterborough - Cost of childcare

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pay 11.5% less for entertainment and sports

	Reykjavik	Peterborough
Domestic/local beer (1 pint)	$10.81 ISK1,388	$5.81 £4.44	-46.2%
Cappuccino in mid-range area	$5.31 ISK681	$3.76 £2.88	-29.1%
Pack of cigarettes Marlboro or similar	$12.25 ISK1,573	$18.73 £14.32	+52.9%
Monthly membership at local gym	$69.95 ISK8,983	$38.75 £29.62	-44.6%
Movie ticket to theater/cinema	$14.77 ISK1,897	$16.14 £12.34	+9.3%
Average			-11.5%

Reykjavik vs. Peterborough - Cost of entertainment and sports

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pay 46.6% less for clothing

	Reykjavik	Peterborough
Regular jeans Levi's brand	$108.97 ISK13,995	$69.74 £53.31	-36.0%
Regular dress from H&M or similar store	$49.72 ISK6,386	$23.24 £17.77	-53.3%
Running shoes Nike or Adidas	$151.85 ISK19,502	$90.41 £69.11	-40.5%
Men's business shoes (leather)	$194.16 ISK24,935	$83.94 £64.17	-56.8%
Average			-46.6%

Reykjavik vs. Peterborough - 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: April 2025

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