Cost of living comparison

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

Reykjavik is 16.6% more expensive than Westminster.

Restaurants
pay 42.6% more in Reykjavik
Groceries
pay 79.6% more in Reykjavik
Transportation
pay 17.6% more in Reykjavik
Housing
pay 8.7% less in Reykjavik
Childcare
pay 77.1% less in Reykjavik
Entertainment and Sports
pay 9.3% more in Reykjavik
Clothing
pay 53.2% more in Reykjavik

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

Reykjavik vs. Westminster Cost Breakdown

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

pay 42.6% more for restaurants

 
Westminster
Reykjavik
Basic meal with drink at inexpensive restaurant $18.73
£13.84
$20.00
ISK2,527
Fast food combo meal
McDonalds, or similar
$8.39
£6.21
$18.02
ISK2,277
Bottle of Coca-Cola (11 fl. oz) $2.41
£1.78
$3.15
ISK399

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pay 79.6% more for groceries

 
Westminster
Reykjavik
Bread
1 loaf
$1.44
£1.07
$3.61
ISK456
Local cheese (8 oz) $4.26
£3.15
$7.76
ISK980
Milk (1 gallon) $5.02
£3.71
$6.40
ISK809

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pay 17.6% more for transportation

 
Westminster
Reykjavik
Gasoline (1 gallon) $6.99
£5.17
$8.50
ISK1,074
Monthly public transit pass ?? $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 8.7% less for housing

 
Westminster
Reykjavik
Internet connection
50 mbps or faster, cable/dsl
$39.61
£29.28
$69.87
ISK8,829
1-Bedroom apartment in downtown area $3,035.11
£2,243.58
$1,971.17
ISK249,097
1-Bedroom apartment outside city center $1,808.15
£1,336.60
$1,803.44
ISK227,901

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pay 77.1% less for childcare

 
Westminster
Reykjavik
Private preschool for 1 child, monthly $1,653.17
£1,222.03
$252.14
ISK31,863
Middle school for 1 child, two semesters $19,586.17
£14,478.25
$5,993.99
ISK757,461

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pay 9.3% more for entertainment and sports

 
Westminster
Reykjavik
Domestic/local beer (1 pint) $6.46
£4.77
$10.81
ISK1,366
Cappuccino in mid-range area $4.66
£3.44
$5.31
ISK670
Pack of cigarettes
Marlboro or similar
$18.08
£13.37
$12.25
ISK1,547

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pay 53.2% more for clothing

 
Westminster
Reykjavik
Regular jeans
Levi's brand
$72.88
£53.87
$108.97
ISK13,771
Regular dress
from H&M or similar store
$62.42
£46.14
$49.72
ISK6,283
Running shoes
Nike or Adidas
$88.26
£65.24
$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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See the cost of living in United Kingdom vs. Iceland. This provides a comparison of the average cost of living from cities within United Kingdom and Iceland.

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