Cost of living comparison
London is 2.0 times more expensive than Iceland.
If you lived in London instead of Iceland, you would:
pay 2.2% less for restaurants
Iceland
|
London
|
||
---|---|---|---|
Basic meal with drink at inexpensive restaurant |
$19.51
ISK2,723
|
$25.22
£20.14
|
|
Fast food combo meal
McDonalds, or similar
|
$16.45
ISK2,295
|
$10.09
£8.06
|
|
Bottle of Coca-Cola (11 fl. oz) |
$2.70
ISK377
|
$2.54
£2.02
|
|
Bottle of water (11 fl. oz) |
$1.95
ISK273
|
$2.08
£1.66
|
|
pay 13.3% less for groceries
Iceland
|
London
|
||
---|---|---|---|
Bread
1 loaf
|
$3.16
ISK440
|
$1.96
£1.56
|
|
Local cheese (8 oz) |
$6.72
ISK937
|
$4.74
£3.78
|
|
Milk (1 gallon) |
$6.27
ISK875
|
$6.34
£5.06
|
|
Eggs
1 dozen
|
$6.03
ISK841
|
$3.99
£3.19
|
|
Boneless chicken breast (1 lb) |
$7.60
ISK1,061
|
$4.28
£3.41
|
|
Apples (1 lb) |
$1.13
ISK157
|
$1.47
£1.17
|
|
Bananas (1 lb) |
$1.01
ISK141
|
$0.75
£0.60
|
|
Oranges (1 lb) |
$1.15
ISK161
|
$1.48
£1.18
|
|
Tomatoes (1 lb) |
$1.71
ISK239
|
$1.76
£1.40
|
|
Potatoes (1 lb) |
$1.13
ISK158
|
$0.73
£0.58
|
|
Onions (1 lb) |
$0.68
ISK95
|
$0.67
£0.53
|
|
pay 62.6% more for transportation
Iceland
|
London
|
||
---|---|---|---|
Gasoline (1 gallon) |
$8.42
ISK1,175
|
$7.20
£5.75
|
|
Monthly public transit pass |
$68.29
ISK9,530
|
$252.24
£201.41
|
|
New Volkswagen Golf 1.4 (standard edition) |
$39,714.69
ISK5,541,788
|
$34,406.00
£27,472.05
|
|
Taxi trip in downtown area (5 miles) |
$23.23
ISK3,241
|
$25.33
£20.22
|
|
pay 2.0 times more for housing
Iceland
|
London
|
||
---|---|---|---|
Internet connection
50 mbps or faster, cable/dsl
|
$74.47
ISK10,392
|
$39.12
£31.24
|
|
1-Bedroom apartment in downtown area |
$1,518.94
ISK211,953
|
$2,697.16
£2,153.60
|
|
1-Bedroom apartment outside city center |
$1,325.48
ISK184,957
|
$2,027.26
£1,618.70
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$66.99
ISK9,348
|
$284.51
£227.17
|
|
pay 6.7 times more for childcare
Iceland
|
London
|
||
---|---|---|---|
Private preschool for 1 child, monthly |
$254.97
ISK35,578
|
$2,321.07
£1,853.30
|
|
Middle school for 1 child, two semesters |
$5,993.83
ISK836,378
|
$25,293.41
£20,195.95
|
|
pay 17.8% more for entertainment and sports
Iceland
|
London
|
||
---|---|---|---|
Domestic/local beer (1 pint) |
$9.37
ISK1,308
|
$8.20
£6.55
|
|
Cappuccino in mid-range area |
$4.61
ISK644
|
$4.56
£3.64
|
|
Pack of cigarettes
Marlboro or similar
|
$11.22
ISK1,565
|
$18.92
£15.11
|
|
Monthly membership at local gym |
$60.00
ISK8,373
|
$58.95
£47.07
|
|
Movie ticket to theater/cinema |
$13.94
ISK1,945
|
$18.92
£15.11
|
|
pay 18.1% less for clothing
Iceland
|
London
|
||
---|---|---|---|
Regular jeans
Levi's brand
|
$108.23
ISK15,103
|
$103.07
£82.30
|
|
Regular dress
from H&M or similar store
|
$59.73
ISK8,335
|
$49.65
£39.65
|
|
Running shoes
Nike or Adidas
|
$146.94
ISK20,504
|
$112.31
£89.68
|
|
Men's business shoes (leather) |
$169.24
ISK23,616
|
$123.32
£98.47
|
|
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