Cost of Living Comparison Between United Kingdom and Iceland 
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| Indices Difference |  |
|---|---|
| Cost of Living in Iceland is 43.4% higher than in United Kingdom (without rent) | |
| Cost of Living Including Rent in Iceland is 44.7% higher than in United Kingdom | |
| Rent Prices in Iceland are 48.1% higher than in United Kingdom | |
| Restaurant Prices in Iceland are 47.6% higher than in United Kingdom | |
| Groceries Prices in Iceland are 68.7% higher than in United Kingdom | |
| Local Purchasing Power in Iceland is 5.8% lower than in United Kingdom | |
Restaurants | United Kingdom Edit |
Iceland Edit | Difference |
|---|---|---|---|
| Meal, Inexpensive Restaurant |
15.00 £ (2,567.70 kr) |
17.53 £ (3,000.00 kr) |
+16.8 % |
| Meal for 2 People, Mid-range Restaurant, Three-course |
65.00 £ (11,126.69 kr) |
105.15 £ (18,000.00 kr) |
+61.8 % |
| McMeal at McDonalds (or Equivalent Combo Meal) |
7.50 £ (1,283.85 kr) |
14.60 £ (2,500.00 kr) |
+94.7 % |
| Domestic Beer (1 pint draught) |
5.00 £ (855.90 kr) |
8.76 £ (1,500.00 kr) |
+75.3 % |
| Imported Beer (12 oz small bottle) |
4.50 £ (770.31 kr) |
7.59 £ (1,300.00 kr) |
+68.8 % |
| Cappuccino (regular) |
3.38 £ (578.22 kr) |
4.38 £ (749.97 kr) |
+29.7 % |
| Coke/Pepsi (12 oz small bottle) |
1.77 £ (302.78 kr) |
2.44 £ (417.07 kr) |
+37.7 % |
| Water (12 oz small bottle) |
1.26 £ (215.07 kr) |
1.93 £ (330.75 kr) |
+53.8 % |
Markets | United Kingdom Edit |
Iceland Edit | |
| Milk (regular), (1 gallon) |
4.70 £ (804.25 kr) |
5.12 £ (876.70 kr) |
+9.0 % |
| Loaf of Fresh White Bread (1 lb) |
1.12 £ (192.34 kr) |
2.70 £ (461.85 kr) |
+140.1 % |
| Rice (white), (1 lb) |
0.75 £ (127.60 kr) |
1.15 £ (197.27 kr) |
+54.6 % |
| Eggs (regular) (12) |
2.96 £ (507.02 kr) |
4.71 £ (806.59 kr) |
+59.1 % |
| Local Cheese (1 lb) |
3.25 £ (556.64 kr) |
5.94 £ (1,016.48 kr) |
+82.6 % |
| Chicken Fillets (1 lb) |
3.00 £ (512.78 kr) |
7.76 £ (1,328.49 kr) |
+159.1 % |
| Beef Round (1 lb) (or Equivalent Back Leg Red Meat) |
4.70 £ (804.90 kr) |
13.92 £ (2,382.84 kr) |
+196.0 % |
| Apples (1 lb) |
0.99 £ (169.02 kr) |
1.02 £ (174.20 kr) |
+3.1 % |
| Banana (1 lb) |
0.54 £ (92.88 kr) |
0.82 £ (139.94 kr) |
+50.7 % |
| Oranges (1 lb) |
0.96 £ (165.11 kr) |
0.96 £ (164.96 kr) |
-0.1 % |
| Tomato (1 lb) |
1.19 £ (203.75 kr) |
1.72 £ (294.68 kr) |
+44.6 % |
| Potato (1 lb) |
0.54 £ (93.25 kr) |
1.20 £ (205.46 kr) |
+120.3 % |
| Onion (1 lb) |
0.51 £ (87.78 kr) |
0.74 £ (126.43 kr) |
+44.0 % |
| Lettuce (1 head) |
0.83 £ (141.94 kr) |
2.48 £ (424.75 kr) |
+199.2 % |
| Water (1.5 liter bottle) |
1.12 £ (192.28 kr) |
1.71 £ (293.11 kr) |
+52.4 % |
| Bottle of Wine (Mid-Range) |
8.00 £ (1,369.44 kr) |
17.53 £ (3,000.00 kr) |
+119.1 % |
| Domestic Beer (0.5 liter bottle) |
2.06 £ (353.47 kr) |
2.68 £ (459.45 kr) |
+30.0 % |
| Imported Beer (12 oz small bottle) |
2.45 £ (419.81 kr) |
2.24 £ (383.18 kr) |
-8.7 % |
| Cigarettes 20 Pack (Marlboro) |
14.60 £ (2,499.23 kr) |
10.08 £ (1,725.00 kr) |
-31.0 % |
Transportation | United Kingdom Edit |
Iceland Edit | |
| One-way Ticket (Local Transport) |
2.40 £ (410.83 kr) |
3.74 £ (640.00 kr) |
+55.8 % |
| Monthly Pass (Regular Price) |
70.00 £ (11,982.59 kr) |
60.75 £ (10,400.00 kr) |
-13.2 % |
| Taxi Start (Normal Tariff) |
3.85 £ (659.04 kr) |
4.62 £ (790.00 kr) |
+19.9 % |
| Taxi 1 mile (Normal Tariff) |
2.72 £ (465.57 kr) |
3.05 £ (521.43 kr) |
+12.0 % |
| Taxi 1hour Waiting (Normal Tariff) |
20.00 £ (3,423.60 kr) |
62.04 £ (10,620.00 kr) |
+210.2 % |
| Gasoline (1 gallon) |
5.47 £ (936.33 kr) |
6.91 £ (1,182.00 kr) |
+26.2 % |
| Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) |
28,285.00 £ (4,841,822.59 kr) |
34,408.25 £ (5,890,000.00 kr) |
+21.6 % |
| Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) |
29,735.51 £ (5,090,120.27 kr) |
38,945.39 £ (6,666,666.67 kr) |
+31.0 % |
Utilities (Monthly) | United Kingdom Edit |
Iceland Edit | |
| Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment |
239.06 £ (40,921.58 kr) |
63.82 £ (10,924.64 kr) |
-73.3 % |
| Mobile Phone Monthly Plan with Calls and 10GB+ Data |
12.77 £ (2,185.26 kr) |
20.02 £ (3,427.78 kr) |
+56.9 % |
| Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) |
30.97 £ (5,301.22 kr) |
59.95 £ (10,261.61 kr) |
+93.6 % |
Sports And Leisure | United Kingdom Edit |
Iceland Edit | |
| Fitness Club, Monthly Fee for 1 Adult |
33.79 £ (5,784.70 kr) |
58.44 £ (10,002.92 kr) |
+72.9 % |
| Tennis Court Rent (1 Hour on Weekend) |
11.47 £ (1,963.39 kr) |
30.79 £ (5,271.43 kr) |
+168.5 % |
| Cinema, International Release, 1 Seat |
10.00 £ (1,711.80 kr) |
12.79 £ (2,190.00 kr) |
+27.9 % |
Childcare | United Kingdom Edit |
Iceland Edit | |
| Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child |
1,245.49 £ (213,203.60 kr) |
248.13 £ (42,475.25 kr) |
-80.1 % |
| International Primary School, Yearly for 1 Child |
15,402.61 £ (2,636,617.40 kr) |
21,873.45 £ (3,744,295.00 kr) |
+42.0 % |
Clothing And Shoes | United Kingdom Edit |
Iceland Edit | |
| 1 Pair of Jeans (Levis 501 Or Similar) |
65.18 £ (11,158.08 kr) |
103.86 £ (17,778.42 kr) |
+59.3 % |
| 1 Summer Dress in a Chain Store (Zara, H&M, ...) |
32.66 £ (5,590.68 kr) |
45.75 £ (7,831.11 kr) |
+40.1 % |
| 1 Pair of Nike Running Shoes (Mid-Range) |
74.64 £ (12,776.96 kr) |
128.77 £ (22,042.86 kr) |
+72.5 % |
| 1 Pair of Men Leather Business Shoes |
75.83 £ (12,981.02 kr) |
182.46 £ (31,233.82 kr) |
+140.6 % |
Rent Per Month | United Kingdom Edit |
Iceland Edit | |
| Apartment (1 bedroom) in City Centre |
1,032.11 £ (176,676.03 kr) |
1,619.88 £ (277,291.67 kr) |
+56.9 % |
| Apartment (1 bedroom) Outside of Centre |
838.11 £ (143,467.67 kr) |
1,456.42 £ (249,310.34 kr) |
+73.8 % |
| Apartment (3 bedrooms) in City Centre |
1,732.30 £ (296,534.56 kr) |
2,301.45 £ (393,961.54 kr) |
+32.9 % |
| Apartment (3 bedrooms) Outside of Centre |
1,361.57 £ (233,074.04 kr) |
1,974.96 £ (338,074.07 kr) |
+45.1 % |
Buy Apartment Price | United Kingdom Edit |
Iceland Edit | |
| Price per Square Feet to Buy Apartment in City Centre |
447.62 £ (76,623.47 kr) |
500.16 £ (85,617.11 kr) |
+11.7 % |
| Price per Square Feet to Buy Apartment Outside of Centre |
352.91 £ (60,411.92 kr) |
423.67 £ (72,524.16 kr) |
+20.0 % |
Salaries And Financing | United Kingdom Edit |
Iceland Edit | |
| Average Monthly Net Salary (After Tax) |
2,383.19 £ (407,954.10 kr) |
3,249.46 £ (556,241.80 kr) |
+36.3 % |
| Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate | 5.77 | 9.72 | +68.3 % |
| Last update: | March 2025 | March 2025 | |
| Contributors in the past 12 months: | 2877 | 142 |
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