Cost of Living Comparison Between Iceland and United Kingdom 
| Indices Difference |  |
|---|---|
| Cost of Living in United Kingdom is 30.6% lower than in Iceland (without rent) | |
| Cost of Living Including Rent in United Kingdom is 31.2% lower than in Iceland | |
| Rent Prices in United Kingdom are 32.8% lower than in Iceland | |
| Restaurant Prices in United Kingdom are 32.6% lower than in Iceland | |
| Groceries Prices in United Kingdom are 41.0% lower than in Iceland | |
| Local Purchasing Power in United Kingdom is 6.2% higher than in Iceland | |
Restaurants | Iceland Edit |
United Kingdom Edit | Difference |
|---|---|---|---|
| Meal, Inexpensive Restaurant |
3,000.00 kr (17.61 £) |
2,555.05 kr (15.00 £) |
-14.8 % |
| Meal for 2 People, Mid-range Restaurant, Three-course |
18,000.00 kr (105.67 £) |
11,071.90 kr (65.00 £) |
-38.5 % |
| McMeal at McDonalds (or Equivalent Combo Meal) |
2,500.00 kr (14.68 £) |
1,277.53 kr (7.50 £) |
-48.9 % |
| Domestic Beer (1 pint draught) |
1,500.00 kr (8.81 £) |
851.68 kr (5.00 £) |
-43.2 % |
| Imported Beer (12 oz small bottle) |
1,300.00 kr (7.63 £) |
766.52 kr (4.50 £) |
-41.0 % |
| Cappuccino (regular) |
749.69 kr (4.40 £) |
575.28 kr (3.38 £) |
-23.3 % |
| Coke/Pepsi (12 oz small bottle) |
416.89 kr (2.45 £) |
301.28 kr (1.77 £) |
-27.7 % |
| Water (12 oz small bottle) |
330.57 kr (1.94 £) |
214.01 kr (1.26 £) |
-35.3 % |
Markets | Iceland Edit |
United Kingdom Edit | |
| Milk (regular), (1 gallon) |
876.70 kr (5.15 £) |
800.63 kr (4.70 £) |
-8.7 % |
| Loaf of Fresh White Bread (1 lb) |
461.85 kr (2.71 £) |
191.34 kr (1.12 £) |
-58.6 % |
| Rice (white), (1 lb) |
197.27 kr (1.16 £) |
127.14 kr (0.75 £) |
-35.5 % |
| Eggs (regular) (12) |
806.59 kr (4.74 £) |
504.85 kr (2.96 £) |
-37.4 % |
| Local Cheese (1 lb) |
1,016.48 kr (5.97 £) |
554.04 kr (3.25 £) |
-45.5 % |
| Chicken Fillets (1 lb) |
1,328.49 kr (7.80 £) |
510.12 kr (2.99 £) |
-61.6 % |
| Beef Round (1 lb) (or Equivalent Back Leg Red Meat) |
2,382.84 kr (13.99 £) |
800.68 kr (4.70 £) |
-66.4 % |
| Apples (1 lb) |
174.20 kr (1.02 £) |
168.26 kr (0.99 £) |
-3.4 % |
| Banana (1 lb) |
139.94 kr (0.82 £) |
92.39 kr (0.54 £) |
-34.0 % |
| Oranges (1 lb) |
164.96 kr (0.97 £) |
164.43 kr (0.97 £) |
-0.3 % |
| Tomato (1 lb) |
294.68 kr (1.73 £) |
202.19 kr (1.19 £) |
-31.4 % |
| Potato (1 lb) |
205.46 kr (1.21 £) |
92.92 kr (0.55 £) |
-54.8 % |
| Onion (1 lb) |
126.38 kr (0.74 £) |
87.52 kr (0.51 £) |
-30.7 % |
| Lettuce (1 head) |
424.75 kr (2.49 £) |
141.30 kr (0.83 £) |
-66.7 % |
| Water (1.5 liter bottle) |
293.01 kr (1.72 £) |
191.29 kr (1.12 £) |
-34.7 % |
| Bottle of Wine (Mid-Range) |
3,000.00 kr (17.61 £) |
1,362.70 kr (8.00 £) |
-54.6 % |
| Domestic Beer (0.5 liter bottle) |
459.45 kr (2.70 £) |
351.73 kr (2.06 £) |
-23.4 % |
| Imported Beer (12 oz small bottle) |
383.18 kr (2.25 £) |
417.75 kr (2.45 £) |
+9.0 % |
| Cigarettes 20 Pack (Marlboro) |
1,725.00 kr (10.13 £) |
2,486.92 kr (14.60 £) |
+44.2 % |
Transportation | Iceland Edit |
United Kingdom Edit | |
| One-way Ticket (Local Transport) |
640.00 kr (3.76 £) |
408.81 kr (2.40 £) |
-36.1 % |
| Monthly Pass (Regular Price) |
10,400.00 kr (61.06 £) |
11,923.59 kr (70.00 £) |
+14.6 % |
| Taxi Start (Normal Tariff) |
790.00 kr (4.64 £) |
655.80 kr (3.85 £) |
-17.0 % |
| Taxi 1 mile (Normal Tariff) |
521.43 kr (3.06 £) |
466.02 kr (2.74 £) |
-10.6 % |
| Taxi 1hour Waiting (Normal Tariff) |
10,620.00 kr (62.35 £) |
3,406.74 kr (20.00 £) |
-67.9 % |
| Gasoline (1 gallon) |
1,182.00 kr (6.94 £) |
931.77 kr (5.47 £) |
-21.2 % |
| Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) |
5,890,000.00 kr (34,578.53 £) |
4,817,980.14 kr (28,285.00 £) |
-18.2 % |
| Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) |
6,666,666.67 kr (39,138.12 £) |
5,065,055.13 kr (29,735.51 £) |
-24.0 % |
Utilities (Monthly) | Iceland Edit |
United Kingdom Edit | |
| Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment |
10,924.64 kr (64.14 £) |
40,720.07 kr (239.06 £) |
+272.7 % |
| Mobile Phone Monthly Plan with Calls and 10GB+ Data |
3,427.78 kr (20.12 £) |
2,176.25 kr (12.78 £) |
-36.5 % |
| Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) |
10,262.06 kr (60.25 £) |
5,275.12 kr (30.97 £) |
-48.6 % |
Sports And Leisure | Iceland Edit |
United Kingdom Edit | |
| Fitness Club, Monthly Fee for 1 Adult |
10,002.92 kr (58.72 £) |
5,760.19 kr (33.82 £) |
-42.4 % |
| Tennis Court Rent (1 Hour on Weekend) |
5,271.43 kr (30.95 £) |
1,953.72 kr (11.47 £) |
-62.9 % |
| Cinema, International Release, 1 Seat |
2,190.00 kr (12.86 £) |
1,703.37 kr (10.00 £) |
-22.2 % |
Childcare | Iceland Edit |
United Kingdom Edit | |
| Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child |
42,475.25 kr (249.36 £) |
212,153.73 kr (1,245.49 £) |
+399.5 % |
| International Primary School, Yearly for 1 Child |
3,744,295.00 kr (21,981.70 £) |
2,623,633.98 kr (15,402.61 £) |
-29.9 % |
Clothing And Shoes | Iceland Edit |
United Kingdom Edit | |
| 1 Pair of Jeans (Levis 501 Or Similar) |
17,778.42 kr (104.37 £) |
11,103.04 kr (65.18 £) |
-37.5 % |
| 1 Summer Dress in a Chain Store (Zara, H&M, ...) |
7,831.11 kr (45.97 £) |
5,563.09 kr (32.66 £) |
-29.0 % |
| 1 Pair of Nike Running Shoes (Mid-Range) |
22,042.86 kr (129.41 £) |
12,713.88 kr (74.64 £) |
-42.3 % |
| 1 Pair of Men Leather Business Shoes |
31,233.82 kr (183.36 £) |
12,917.09 kr (75.83 £) |
-58.6 % |
Rent Per Month | Iceland Edit |
United Kingdom Edit | |
| Apartment (1 bedroom) in City Centre |
277,291.67 kr (1,627.90 £) |
175,806.11 kr (1,032.11 £) |
-36.6 % |
| Apartment (1 bedroom) Outside of Centre |
249,310.34 kr (1,463.63 £) |
142,761.20 kr (838.11 £) |
-42.7 % |
| Apartment (3 bedrooms) in City Centre |
393,961.54 kr (2,312.84 £) |
295,072.31 kr (1,732.29 £) |
-25.1 % |
| Apartment (3 bedrooms) Outside of Centre |
338,074.07 kr (1,984.74 £) |
231,926.57 kr (1,361.58 £) |
-31.4 % |
Buy Apartment Price | Iceland Edit |
United Kingdom Edit | |
| Price per Square Feet to Buy Apartment in City Centre |
85,617.11 kr (502.63 £) |
76,244.20 kr (447.61 £) |
-10.9 % |
| Price per Square Feet to Buy Apartment Outside of Centre |
72,524.16 kr (425.77 £) |
60,114.79 kr (352.92 £) |
-17.1 % |
Salaries And Financing | Iceland Edit |
United Kingdom Edit | |
| Average Monthly Net Salary (After Tax) |
556,288.89 kr (3,265.81 £) |
406,076.20 kr (2,383.96 £) |
-27.0 % |
| Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate | 9.72 | 5.77 | -40.6 % |
| Last update: | March 2025 | March 2025 | |
| Contributors in the past 12 months: | 142 | 2879 |
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