Cost of Living Comparison Between United Kingdom and Iceland 
| Indices Difference |  |
|---|---|
| Cost of Living in Iceland is 44.0% higher than in United Kingdom (without rent) | |
| Cost of Living Including Rent in Iceland is 45.3% higher than in United Kingdom | |
| Rent Prices in Iceland are 48.7% higher than in United Kingdom | |
| Restaurant Prices in Iceland are 48.3% higher than in United Kingdom | |
| Groceries Prices in Iceland are 69.4% higher than in United Kingdom | |
| Local Purchasing Power in Iceland is 5.9% lower than in United Kingdom | |
Restaurants | United Kingdom Edit |
Iceland Edit | Difference |
|---|---|---|---|
| Meal, Inexpensive Restaurant |
15.00 £ (2,556.24 kr) |
17.60 £ (3,000.00 kr) |
+17.4 % |
| Meal for 2 People, Mid-range Restaurant, Three-course |
65.00 £ (11,077.06 kr) |
105.62 £ (18,000.00 kr) |
+62.5 % |
| McMeal at McDonalds (or Equivalent Combo Meal) |
7.50 £ (1,278.12 kr) |
14.67 £ (2,500.00 kr) |
+95.6 % |
| Domestic Beer (1 pint draught) |
5.00 £ (852.08 kr) |
8.80 £ (1,500.00 kr) |
+76.0 % |
| Imported Beer (12 oz small bottle) |
4.50 £ (766.87 kr) |
7.63 £ (1,300.00 kr) |
+69.5 % |
| Cappuccino (regular) |
3.38 £ (575.67 kr) |
4.40 £ (749.67 kr) |
+30.2 % |
| Coke/Pepsi (12 oz small bottle) |
1.77 £ (301.69 kr) |
2.45 £ (416.88 kr) |
+38.2 % |
| Water (12 oz small bottle) |
1.26 £ (214.24 kr) |
1.94 £ (330.56 kr) |
+54.3 % |
Markets | United Kingdom Edit |
Iceland Edit | |
| Milk (regular), (1 gallon) |
4.70 £ (800.96 kr) |
5.14 £ (876.70 kr) |
+9.5 % |
| Loaf of Fresh White Bread (1 lb) |
1.12 £ (191.51 kr) |
2.71 £ (461.85 kr) |
+141.2 % |
| Rice (white), (1 lb) |
0.75 £ (126.99 kr) |
1.16 £ (197.27 kr) |
+55.3 % |
| Eggs (regular) (12) |
2.96 £ (505.24 kr) |
4.73 £ (806.59 kr) |
+59.6 % |
| Local Cheese (1 lb) |
3.25 £ (553.73 kr) |
5.96 £ (1,016.48 kr) |
+83.6 % |
| Chicken Fillets (1 lb) |
3.00 £ (510.83 kr) |
7.80 £ (1,328.49 kr) |
+160.1 % |
| Beef Round (1 lb) (or Equivalent Back Leg Red Meat) |
4.71 £ (802.29 kr) |
13.98 £ (2,382.84 kr) |
+197.0 % |
| Apples (1 lb) |
0.99 £ (168.29 kr) |
1.02 £ (174.20 kr) |
+3.5 % |
| Banana (1 lb) |
0.54 £ (92.53 kr) |
0.82 £ (139.94 kr) |
+51.2 % |
| Oranges (1 lb) |
0.96 £ (164.23 kr) |
0.97 £ (164.96 kr) |
+0.4 % |
| Tomato (1 lb) |
1.19 £ (202.37 kr) |
1.73 £ (294.68 kr) |
+45.6 % |
| Potato (1 lb) |
0.55 £ (93.01 kr) |
1.21 £ (205.46 kr) |
+120.9 % |
| Onion (1 lb) |
0.51 £ (87.66 kr) |
0.74 £ (126.38 kr) |
+44.2 % |
| Lettuce (1 head) |
0.83 £ (141.49 kr) |
2.49 £ (424.75 kr) |
+200.2 % |
| Water (1.5 liter bottle) |
1.12 £ (191.60 kr) |
1.72 £ (293.00 kr) |
+52.9 % |
| Bottle of Wine (Mid-Range) |
8.00 £ (1,363.33 kr) |
17.60 £ (3,000.00 kr) |
+120.0 % |
| Domestic Beer (0.5 liter bottle) |
2.06 £ (351.70 kr) |
2.70 £ (459.45 kr) |
+30.6 % |
| Imported Beer (12 oz small bottle) |
2.46 £ (418.49 kr) |
2.25 £ (383.18 kr) |
-8.4 % |
| Cigarettes 20 Pack (Marlboro) |
14.60 £ (2,488.08 kr) |
10.12 £ (1,725.00 kr) |
-30.7 % |
Transportation | United Kingdom Edit |
Iceland Edit | |
| One-way Ticket (Local Transport) |
2.40 £ (409.00 kr) |
3.76 £ (640.00 kr) |
+56.5 % |
| Monthly Pass (Regular Price) |
70.00 £ (11,929.14 kr) |
61.03 £ (10,400.00 kr) |
-12.8 % |
| Taxi Start (Normal Tariff) |
3.85 £ (656.10 kr) |
4.64 £ (790.00 kr) |
+20.4 % |
| Taxi 1 mile (Normal Tariff) |
2.70 £ (460.75 kr) |
3.06 £ (521.43 kr) |
+13.2 % |
| Taxi 1hour Waiting (Normal Tariff) |
20.00 £ (3,408.33 kr) |
62.32 £ (10,620.00 kr) |
+211.6 % |
| Gasoline (1 gallon) |
5.47 £ (932.07 kr) |
6.94 £ (1,182.00 kr) |
+26.8 % |
| Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) |
28,285.00 £ (4,820,224.06 kr) |
34,562.43 £ (5,890,000.00 kr) |
+22.2 % |
| Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) |
29,752.12 £ (5,070,245.72 kr) |
39,119.90 £ (6,666,666.67 kr) |
+31.5 % |
Utilities (Monthly) | United Kingdom Edit |
Iceland Edit | |
| Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment |
238.81 £ (40,697.21 kr) |
64.11 £ (10,924.64 kr) |
-73.2 % |
| Mobile Phone Monthly Plan with Calls and 10GB+ Data |
12.78 £ (2,178.46 kr) |
20.11 £ (3,427.78 kr) |
+57.3 % |
| Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) |
30.98 £ (5,279.37 kr) |
60.23 £ (10,263.65 kr) |
+94.4 % |
Sports And Leisure | United Kingdom Edit |
Iceland Edit | |
| Fitness Club, Monthly Fee for 1 Adult |
33.87 £ (5,772.76 kr) |
58.70 £ (10,002.92 kr) |
+73.3 % |
| Tennis Court Rent (1 Hour on Weekend) |
11.50 £ (1,960.43 kr) |
30.93 £ (5,271.43 kr) |
+168.9 % |
| Cinema, International Release, 1 Seat |
10.00 £ (1,704.16 kr) |
12.85 £ (2,190.00 kr) |
+28.5 % |
Childcare | United Kingdom Edit |
Iceland Edit | |
| Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child |
1,250.06 £ (213,030.33 kr) |
249.24 £ (42,475.25 kr) |
-80.1 % |
| International Primary School, Yearly for 1 Child |
15,454.56 £ (2,633,708.67 kr) |
21,971.46 £ (3,744,295.00 kr) |
+42.2 % |
Clothing And Shoes | United Kingdom Edit |
Iceland Edit | |
| 1 Pair of Jeans (Levis 501 Or Similar) |
65.32 £ (11,132.41 kr) |
104.32 £ (17,778.42 kr) |
+59.7 % |
| 1 Summer Dress in a Chain Store (Zara, H&M, ...) |
32.68 £ (5,568.73 kr) |
45.95 £ (7,831.11 kr) |
+40.6 % |
| 1 Pair of Nike Running Shoes (Mid-Range) |
74.74 £ (12,736.09 kr) |
129.35 £ (22,042.86 kr) |
+73.1 % |
| 1 Pair of Men Leather Business Shoes |
76.03 £ (12,956.28 kr) |
183.28 £ (31,233.82 kr) |
+141.1 % |
Rent Per Month | United Kingdom Edit |
Iceland Edit | |
| Apartment (1 bedroom) in City Centre |
1,031.96 £ (175,863.25 kr) |
1,627.14 £ (277,291.67 kr) |
+57.7 % |
| Apartment (1 bedroom) Outside of Centre |
838.40 £ (142,877.58 kr) |
1,462.95 £ (249,310.34 kr) |
+74.5 % |
| Apartment (3 bedrooms) in City Centre |
1,733.29 £ (295,381.30 kr) |
2,311.76 £ (393,961.54 kr) |
+33.4 % |
| Apartment (3 bedrooms) Outside of Centre |
1,362.52 £ (232,195.79 kr) |
1,983.81 £ (338,074.07 kr) |
+45.6 % |
Buy Apartment Price | United Kingdom Edit |
Iceland Edit | |
| Price per Square Feet to Buy Apartment in City Centre |
447.57 £ (76,273.46 kr) |
502.40 £ (85,617.11 kr) |
+12.3 % |
| Price per Square Feet to Buy Apartment Outside of Centre |
355.47 £ (60,578.62 kr) |
425.57 £ (72,524.16 kr) |
+19.7 % |
Salaries And Financing | United Kingdom Edit |
Iceland Edit | |
| Average Monthly Net Salary (After Tax) |
2,385.84 £ (406,586.50 kr) |
3,263.13 £ (556,090.69 kr) |
+36.8 % |
| Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate | 5.77 | 9.72 | +68.4 % |
| Last update: | March 2025 | March 2025 | |
| Contributors in the past 12 months: | 2891 | 142 |
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