Cost of Living Comparison Between Iceland and United Kingdom 
| Indices Difference |  |
|---|---|
| Cost of Living in United Kingdom is 26.5% lower than in Iceland (without rent) | |
| Cost of Living Including Rent in United Kingdom is 26.6% lower than in Iceland | |
| Rent Prices in United Kingdom are 26.8% lower than in Iceland | |
| Restaurant Prices in United Kingdom are 27.8% lower than in Iceland | |
| Groceries Prices in United Kingdom are 37.2% lower than in Iceland | |
| Local Purchasing Power in United Kingdom is 1.0% lower than in Iceland | |
Restaurants | Iceland Edit |
United Kingdom Edit | Difference |
|---|---|---|---|
| Meal, Inexpensive Restaurant |
2,945.00 kr (16.86 £) |
2,620.12 kr (15.00 £) |
-11.0 % |
| Meal for 2 People, Mid-range Restaurant, Three-course |
16,572.00 kr (94.87 £) |
11,353.83 kr (65.00 £) |
-31.5 % |
| McMeal at McDonalds (or Equivalent Combo Meal) |
2,445.00 kr (14.00 £) |
1,276.27 kr (7.31 £) |
-47.8 % |
| Domestic Beer (1 pint draught) |
1,450.00 kr (8.30 £) |
838.44 kr (4.80 £) |
-42.2 % |
| Imported Beer (12 oz small bottle) |
1,200.00 kr (6.87 £) |
786.03 kr (4.50 £) |
-34.5 % |
| Cappuccino (regular) |
702.12 kr (4.02 £) |
577.94 kr (3.31 £) |
-17.7 % |
| Coke/Pepsi (12 oz small bottle) |
413.25 kr (2.37 £) |
305.60 kr (1.75 £) |
-26.1 % |
| Water (12 oz small bottle) |
306.67 kr (1.76 £) |
218.76 kr (1.25 £) |
-28.7 % |
Markets | Iceland Edit |
United Kingdom Edit | |
| Milk (regular), (1 gallon) |
870.74 kr (4.98 £) |
820.88 kr (4.70 £) |
-5.7 % |
| Loaf of Fresh White Bread (1 lb) |
435.71 kr (2.49 £) |
195.09 kr (1.12 £) |
-55.2 % |
| Rice (white), (1 lb) |
192.29 kr (1.10 £) |
129.52 kr (0.74 £) |
-32.6 % |
| Eggs (regular) (12) |
796.63 kr (4.56 £) |
516.68 kr (2.96 £) |
-35.1 % |
| Local Cheese (1 lb) |
964.23 kr (5.52 £) |
563.56 kr (3.23 £) |
-41.6 % |
| Chicken Fillets (1 lb) |
1,248.62 kr (7.15 £) |
524.26 kr (3.00 £) |
-58.0 % |
| Beef Round (1 lb) (or Equivalent Back Leg Red Meat) |
2,148.62 kr (12.30 £) |
834.83 kr (4.78 £) |
-61.1 % |
| Apples (1 lb) |
185.04 kr (1.06 £) |
171.05 kr (0.98 £) |
-7.6 % |
| Banana (1 lb) |
141.07 kr (0.81 £) |
93.32 kr (0.53 £) |
-33.8 % |
| Oranges (1 lb) |
166.37 kr (0.95 £) |
170.81 kr (0.98 £) |
+2.7 % |
| Tomato (1 lb) |
288.94 kr (1.65 £) |
210.46 kr (1.20 £) |
-27.2 % |
| Potato (1 lb) |
200.05 kr (1.15 £) |
92.69 kr (0.53 £) |
-53.7 % |
| Onion (1 lb) |
118.83 kr (0.68 £) |
87.02 kr (0.50 £) |
-26.8 % |
| Lettuce (1 head) |
423.18 kr (2.42 £) |
141.39 kr (0.81 £) |
-66.6 % |
| Water (1.5 liter bottle) |
290.42 kr (1.66 £) |
192.87 kr (1.10 £) |
-33.6 % |
| Bottle of Wine (Mid-Range) |
3,000.00 kr (17.17 £) |
1,397.39 kr (8.00 £) |
-53.4 % |
| Domestic Beer (0.5 liter bottle) |
445.32 kr (2.55 £) |
353.24 kr (2.02 £) |
-20.7 % |
| Imported Beer (12 oz small bottle) |
376.38 kr (2.15 £) |
426.11 kr (2.44 £) |
+13.2 % |
| Cigarettes 20 Pack (Marlboro) |
1,679.00 kr (9.61 £) |
2,445.44 kr (14.00 £) |
+45.6 % |
Transportation | Iceland Edit |
United Kingdom Edit | |
| One-way Ticket (Local Transport) |
630.00 kr (3.61 £) |
384.28 kr (2.20 £) |
-39.0 % |
| Monthly Pass (Regular Price) |
10,400.00 kr (59.54 £) |
12,227.21 kr (70.00 £) |
+17.6 % |
| Taxi Start (Normal Tariff) |
755.00 kr (4.32 £) |
524.02 kr (3.00 £) |
-30.6 % |
| Taxi 1 mile (Normal Tariff) |
521.43 kr (2.99 £) |
348.58 kr (2.00 £) |
-33.1 % |
| Taxi 1hour Waiting (Normal Tariff) |
10,620.00 kr (60.80 £) |
3,039.33 kr (17.40 £) |
-71.4 % |
| Gasoline (1 gallon) |
1,174.77 kr (6.73 £) |
969.90 kr (5.55 £) |
-17.4 % |
| Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) |
5,790,000.00 kr (33,147.39 £) |
4,940,664.47 kr (28,285.00 £) |
-14.7 % |
| Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) |
6,242,111.11 kr (35,735.70 £) |
4,559,500.18 kr (26,102.86 £) |
-27.0 % |
Utilities (Monthly) | Iceland Edit |
United Kingdom Edit | |
| Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment |
12,502.62 kr (71.58 £) |
42,614.99 kr (243.97 £) |
+240.8 % |
| Mobile Phone Monthly Plan with Calls and 10GB+ Data |
3,466.00 kr (19.84 £) |
2,198.12 kr (12.58 £) |
-36.6 % |
| Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) |
9,739.35 kr (55.76 £) |
5,401.91 kr (30.93 £) |
-44.5 % |
Sports And Leisure | Iceland Edit |
United Kingdom Edit | |
| Fitness Club, Monthly Fee for 1 Adult |
9,550.97 kr (54.68 £) |
5,829.78 kr (33.38 £) |
-39.0 % |
| Tennis Court Rent (1 Hour on Weekend) |
4,681.67 kr (26.80 £) |
2,012.45 kr (11.52 £) |
-57.0 % |
| Cinema, International Release, 1 Seat |
2,045.00 kr (11.71 £) |
1,746.74 kr (10.00 £) |
-14.6 % |
Childcare | Iceland Edit |
United Kingdom Edit | |
| Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child |
38,053.75 kr (217.86 £) |
220,768.99 kr (1,263.89 £) |
+480.2 % |
| International Primary School, Yearly for 1 Child |
776,250.00 kr (4,443.98 £) |
2,719,093.76 kr (15,566.64 £) |
+250.3 % |
Clothing And Shoes | Iceland Edit |
United Kingdom Edit | |
| 1 Pair of Jeans (Levis 501 Or Similar) |
16,287.33 kr (93.24 £) |
11,193.03 kr (64.08 £) |
-31.3 % |
| 1 Summer Dress in a Chain Store (Zara, H&M, ...) |
7,892.50 kr (45.18 £) |
5,628.34 kr (32.22 £) |
-28.7 % |
| 1 Pair of Nike Running Shoes (Mid-Range) |
21,548.10 kr (123.36 £) |
13,032.54 kr (74.61 £) |
-39.5 % |
| 1 Pair of Men Leather Business Shoes |
27,271.36 kr (156.13 £) |
13,125.93 kr (75.15 £) |
-51.9 % |
Rent Per Month | Iceland Edit |
United Kingdom Edit | |
| Apartment (1 bedroom) in City Centre |
262,676.47 kr (1,503.81 £) |
185,934.37 kr (1,064.46 £) |
-29.2 % |
| Apartment (1 bedroom) Outside of Centre |
235,882.35 kr (1,350.41 £) |
148,789.44 kr (851.81 £) |
-36.9 % |
| Apartment (3 bedrooms) in City Centre |
371,187.50 kr (2,125.03 £) |
307,702.10 kr (1,761.58 £) |
-17.1 % |
| Apartment (3 bedrooms) Outside of Centre |
330,454.55 kr (1,891.83 £) |
235,974.71 kr (1,350.94 £) |
-28.6 % |
Buy Apartment Price | Iceland Edit |
United Kingdom Edit | |
| Price per Square Feet to Buy Apartment in City Centre |
77,674.37 kr (444.68 £) |
79,059.26 kr (452.61 £) |
+1.8 % |
| Price per Square Feet to Buy Apartment Outside of Centre |
63,600.10 kr (364.11 £) |
62,186.65 kr (356.01 £) |
-2.2 % |
Salaries And Financing | Iceland Edit |
United Kingdom Edit | |
| Average Monthly Net Salary (After Tax) |
588,432.44 kr (3,368.74 £) |
427,587.59 kr (2,447.91 £) |
-27.3 % |
| Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate | 8.16 | 5.81 | -28.8 % |
| Last update: | November 2024 | November 2024 | |
| Contributors in the past 12 months: | 254 | 4636 |
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