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
ISK2,667
|
$25.22
£19.30
|
|
|
Fast food combo meal
McDonalds, or similar
|
$16.45
ISK2,248
|
$10.09
£7.72
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$2.70
ISK369
|
$2.54
£1.94
|
|
| Bottle of water (11 fl. oz) |
$1.95
ISK267
|
$2.08
£1.60
|
|
pay 13.3% less for groceries
|
Iceland
|
London
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$3.16
ISK431
|
$1.96
£1.50
|
|
| Local cheese (8 oz) |
$6.72
ISK918
|
$4.74
£3.63
|
|
| Milk (1 gallon) |
$6.27
ISK857
|
$6.34
£4.85
|
|
|
Eggs
1 dozen
|
$6.03
ISK824
|
$3.99
£3.06
|
|
| Boneless chicken breast (1 lb) |
$7.60
ISK1,039
|
$4.28
£3.27
|
|
| Apples (1 lb) |
$1.13
ISK154
|
$1.47
£1.12
|
|
| Bananas (1 lb) |
$1.01
ISK138
|
$0.75
£0.57
|
|
| Oranges (1 lb) |
$1.15
ISK158
|
$1.48
£1.13
|
|
| Tomatoes (1 lb) |
$1.71
ISK234
|
$1.76
£1.34
|
|
| Potatoes (1 lb) |
$1.13
ISK155
|
$0.73
£0.56
|
|
| Onions (1 lb) |
$0.68
ISK93
|
$0.67
£0.51
|
|
pay 62.6% more for transportation
|
Iceland
|
London
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$8.42
ISK1,151
|
$7.20
£5.51
|
|
| Monthly public transit pass |
$68.29
ISK9,332
|
$252.24
£193.01
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$39,714.69
ISK5,427,013
|
$34,406.00
£26,326.40
|
|
| Taxi trip in downtown area (5 miles) |
$23.23
ISK3,174
|
$25.33
£19.38
|
|
pay 2.0 times more for housing
|
Iceland
|
London
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$74.47
ISK10,177
|
$39.12
£29.93
|
|
| 1-Bedroom apartment in downtown area |
$1,518.94
ISK207,563
|
$2,697.16
£2,063.79
|
|
| 1-Bedroom apartment outside city center |
$1,325.48
ISK181,127
|
$2,027.26
£1,551.20
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$66.99
ISK9,154
|
$284.51
£217.69
|
|
pay 6.7 times more for childcare
|
Iceland
|
London
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$254.97
ISK34,841
|
$2,321.07
£1,776.01
|
|
| Middle school for 1 child, two semesters |
$5,993.83
ISK819,056
|
$25,293.41
£19,353.73
|
|
pay 17.8% more for entertainment and sports
|
Iceland
|
London
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$9.37
ISK1,281
|
$8.20
£6.27
|
|
| Cappuccino in mid-range area |
$4.61
ISK630
|
$4.56
£3.49
|
|
|
Pack of cigarettes
Marlboro or similar
|
$11.22
ISK1,533
|
$18.92
£14.48
|
|
| Monthly membership at local gym |
$60.00
ISK8,199
|
$58.95
£45.11
|
|
| Movie ticket to theater/cinema |
$13.94
ISK1,905
|
$18.92
£14.48
|
|
pay 18.1% less for clothing
|
Iceland
|
London
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$108.23
ISK14,790
|
$103.07
£78.87
|
|
|
Regular dress
from H&M or similar store
|
$59.73
ISK8,162
|
$49.65
£37.99
|
|
|
Running shoes
Nike or Adidas
|
$146.94
ISK20,079
|
$112.31
£85.94
|
|
| Men's business shoes (leather) |
$169.24
ISK23,127
|
$123.32
£94.36
|
|
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