Cost of living comparison
Reykjavik is 3.9% more expensive than Westminster.
If you lived in Reykjavik instead of Westminster, you would:
pay 38.4% more for restaurants
|
Westminster
|
Reykjavik
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$18.92
£14.60
|
$21.59
ISK2,981
|
|
|
Fast food combo meal
McDonalds, or similar
|
$8.56
£6.61
|
$17.27
ISK2,385
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$2.35
£1.82
|
$2.90
ISK401
|
|
| Bottle of water (11 fl. oz) |
$1.81
£1.39
|
$2.07
ISK286
|
|
pay 53.9% more for groceries
|
Westminster
|
Reykjavik
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$1.77
£1.37
|
$3.68
ISK509
|
|
| Local cheese (8 oz) |
$5.23
£4.04
|
$7.66
ISK1,058
|
|
| Milk (1 gallon) |
$5.97
£4.60
|
$6.16
ISK851
|
|
|
Eggs
1 dozen
|
$3.99
£3.08
|
$5.91
ISK817
|
|
| Boneless chicken breast (1 lb) |
$3.65
£2.81
|
$8.87
ISK1,225
|
|
| Apples (1 lb) |
$1.33
£1.03
|
$1.53
ISK211
|
|
| Bananas (1 lb) |
$0.71
£0.55
|
$0.97
ISK134
|
|
| Oranges (1 lb) |
$1.48
£1.14
|
$1.26
ISK174
|
|
| Tomatoes (1 lb) |
$1.42
£1.10
|
$2.23
ISK308
|
|
| Potatoes (1 lb) |
$0.71
£0.54
|
$1.42
ISK195
|
|
| Onions (1 lb) |
$0.67
£0.52
|
$1.01
ISK140
|
|
pay 4.8% less for transportation
|
Westminster
|
Reykjavik
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$7.20
£5.55
|
$8.57
ISK1,184
|
|
| Monthly public transit pass |
$252.24
£194.62
|
$66.92
ISK9,242
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$34,406.00
£26,545.78
|
$41,660.67
ISK5,754,172
|
|
| Taxi trip in downtown area (5 miles) |
$20.43
£15.76
|
$23.30
ISK3,218
|
|
pay 12.2% less for housing
|
Westminster
|
Reykjavik
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$38.68
£29.84
|
$68.45
ISK9,454
|
|
| 1-Bedroom apartment in downtown area |
$3,153.04
£2,432.71
|
$1,864.13
ISK257,474
|
|
| 1-Bedroom apartment outside city center | ?? |
$1,666.20
ISK230,135
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$235.88
£181.99
|
$64.43
ISK8,900
|
|
pay 82.2% less for childcare
|
Westminster
|
Reykjavik
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$2,017.95
£1,556.94
|
$240.37
ISK33,200
|
|
| Middle school for 1 child, two semesters |
$25,293.41
£19,515.00
|
$5,984.07
ISK826,520
|
|
pay 3.0% less for entertainment and sports
|
Westminster
|
Reykjavik
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$7.57
£5.84
|
$10.79
ISK1,491
|
|
| Cappuccino in mid-range area |
$4.55
£3.51
|
$5.09
ISK703
|
|
|
Pack of cigarettes
Marlboro or similar
|
$18.92
£14.60
|
$11.87
ISK1,640
|
|
| Monthly membership at local gym |
$81.98
£63.25
|
$65.50
ISK9,047
|
|
| Movie ticket to theater/cinema |
$16.40
£12.65
|
$14.39
ISK1,988
|
|
pay 37.3% more for clothing
|
Westminster
|
Reykjavik
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$88.29
£68.12
|
$103.94
ISK14,356
|
|
|
Regular dress
from H&M or similar store
|
$49.65
£38.31
|
$43.50
ISK6,008
|
|
|
Running shoes
Nike or Adidas
|
$100.90
£77.85
|
$141.47
ISK19,540
|
|
| Men's business shoes (leather) |
$85.76
£66.17
|
$174.65
ISK24,123
|
|
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