Cost of living comparison
Iceland is 22.3% more expensive than United Kingdom.
If you lived in Iceland instead of United Kingdom, you would:
pay 44.4% more for restaurants
United Kingdom
|
Iceland
|
||
---|---|---|---|
Basic meal with drink at inexpensive restaurant |
$17.09
£13.62
|
$17.84
ISK2,491
|
|
Fast food combo meal
McDonalds, or similar
|
$7.46
£5.95
|
$14.27
ISK1,992
|
|
Bottle of Coca-Cola (11 fl. oz) |
$1.84
£1.47
|
$2.32
ISK324
|
|
Bottle of water (11 fl. oz) |
$1.36
£1.08
|
$2.12
ISK296
|
|
pay 61.8% more for groceries
United Kingdom
|
Iceland
|
||
---|---|---|---|
Bread
1 loaf
|
$1.25
£1.00
|
$3.42
ISK478
|
|
Local cheese (8 oz) |
$3.60
£2.87
|
$5.98
ISK835
|
|
Milk (1 gallon) |
$4.68
£3.73
|
$5.33
ISK744
|
|
Eggs
1 dozen
|
$2.58
£2.06
|
$5.66
ISK790
|
|
Boneless chicken breast (1 lb) |
$3.16
£2.52
|
$7.09
ISK991
|
|
Apples (1 lb) |
$1.05
£0.84
|
$1.16
ISK162
|
|
Bananas (1 lb) |
$0.63
£0.50
|
$0.98
ISK137
|
|
Oranges (1 lb) |
$0.99
£0.79
|
$1.17
ISK164
|
|
Tomatoes (1 lb) |
$1.17
£0.93
|
$1.84
ISK256
|
|
Potatoes (1 lb) |
$0.63
£0.50
|
$0.96
ISK134
|
|
Onions (1 lb) |
$0.58
£0.46
|
$0.51
ISK71
|
|
pay 14.7% more for transportation
United Kingdom
|
Iceland
|
||
---|---|---|---|
Gasoline (1 gallon) |
$7.31
£5.83
|
$8.03
ISK1,122
|
|
Monthly public transit pass |
$91.63
£73.02
|
$77.40
ISK10,808
|
|
New Volkswagen Golf 1.4 (standard edition) |
$25,486.21
£20,310.98
|
$29,836.83
ISK4,166,415
|
|
Taxi trip in downtown area (5 miles) |
$16.30
£12.99
|
$23.97
ISK3,347
|
|
pay 21.2% more for housing
United Kingdom
|
Iceland
|
||
---|---|---|---|
Internet connection
50 mbps or faster, cable/dsl
|
$37.72
£30.06
|
$62.40
ISK8,714
|
|
1-Bedroom apartment in downtown area |
$1,053.04
£839.21
|
$1,437.14
ISK200,683
|
|
1-Bedroom apartment outside city center |
$836.18
£666.39
|
$1,215.63
ISK169,750
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$183.29
£146.07
|
$68.63
ISK9,583
|
|
pay 80.8% less for childcare
United Kingdom
|
Iceland
|
||
---|---|---|---|
Private preschool for 1 child, monthly |
$1,186.33
£945.43
|
$259.34
ISK36,215
|
|
Middle school for 1 child, two semesters |
$16,551.73
£13,190.73
|
$2,750.10
ISK384,024
|
|
pay 19.7% more for entertainment and sports
United Kingdom
|
Iceland
|
||
---|---|---|---|
Domestic/local beer (1 pint) |
$4.95
£3.95
|
$8.52
ISK1,190
|
|
Cappuccino in mid-range area |
$3.59
£2.86
|
$4.15
ISK580
|
|
Pack of cigarettes
Marlboro or similar
|
$14.82
£11.81
|
$10.64
ISK1,485
|
|
Monthly membership at local gym |
$41.78
£33.29
|
$56.90
ISK7,946
|
|
Movie ticket to theater/cinema |
$11.97
£9.54
|
$12.27
ISK1,714
|
|
pay 74.9% more for clothing
United Kingdom
|
Iceland
|
||
---|---|---|---|
Regular jeans
Levi's brand
|
$73.74
£58.77
|
$118.08
ISK16,488
|
|
Regular dress
from H&M or similar store
|
$38.00
£30.28
|
$50.39
ISK7,036
|
|
Running shoes
Nike or Adidas
|
$79.51
£63.37
|
$151.12
ISK21,102
|
|
Men's business shoes (leather) |
$80.83
£64.42
|
$175.20
ISK24,465
|
|
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