Cost of living comparison

compared to

Akranes vs. London Cost of Living Summary

Akranes is 9.5% more expensive than London.

Restaurants: pay 35.1% more in Akranes
Groceries: pay 48.4% more in Akranes
Transportation: pay 12.0% less in Akranes
Housing: pay 1.2% less in Akranes
Childcare: pay 39.5% less in Akranes
Entertainment and Sports: pay 3.0% less in Akranes
Clothing: pay 39.0% more in Akranes

The cost of groceries, clothing, and restaurants in Akranes are more expensive than in London. Expenses including childcare, transportation, entertainment and sports, and housing are lower in Akranes.

Akranes vs. London Cost Breakdown

If you lived in Akranes instead of London, you would:

Display currency: USD

pay 35.1% more for restaurants

	London	Akranes
Basic meal with drink at inexpensive restaurant	$26.73 £20.18	$27.48 ISK3,517	+2.8%
Fast food combo meal McDonalds, or similar	$11.02 £8.33	$22.76 ISK2,913	+106.4%
Bottle of Coca-Cola (11 fl. oz)	$3.12 £2.36	$3.24 ISK415	+3.8%
Bottle of water (11 fl. oz)	$1.93 £1.45	$2.45 ISK314	+27.3%
Average			+35.1%

London vs. Akranes - Cost of restaurants

Improve prices · Change currency (USD)

pay 48.4% more for groceries

	London	Akranes
Bread 1 loaf	$2.16 £1.63	$2.05 ISK262	-5.0%
Local cheese (8 oz)	$5.54 £4.18	$9.44 ISK1,208	+70.4%
Milk (1 gallon)	$6.58 £4.97	$7.63 ISK976	+16.0%
Eggs 1 dozen	$5.02 £3.79	$6.15 ISK787	+22.6%
Boneless chicken breast (1 lb)	$3.95 £2.98	$11.29 ISK1,445	+185.9%
Apples (1 lb)	$1.53 £1.15	$1.59 ISK204	+4.2%
Bananas (1 lb)	$0.83 £0.63	$1.17 ISK150	+40.1%
Oranges (1 lb)	$1.44 £1.09	$1.49 ISK190	+3.6%
Tomatoes (1 lb)	$1.64 £1.24	$2.23 ISK286	+36.0%
Potatoes (1 lb)	$0.76 £0.57	$1.70 ISK217	+123.9%
Onions (1 lb)	$0.83 £0.63	$1.12 ISK143	+34.2%
Average			+48.4%

London vs. Akranes - Cost of groceries

Improve prices · Change currency (USD)

pay 12.0% less for transportation

	London	Akranes
Gasoline (1 gallon)	$7.12 £5.38	$9.66 ISK1,236	+35.6%
Monthly public transit pass	$240.54 £181.65	$73.82 ISK9,447	-69.3%
New Volkswagen Golf 1.4 (standard edition)	$37,798.76 £28,544.87	$50,771.00 ISK6,497,672	+34.3%
Taxi trip in downtown area (5 miles)	$31.75 £23.98	$16.32 ISK2,089	-48.6%
Average			-12.0%

London vs. Akranes - Cost of transportation

Improve prices · Change currency (USD)

pay 1.2% less for housing

	London	Akranes
Internet connection 50 mbps or faster, cable/dsl	$42.83 £32.34	$81.97 ISK10,490	+91.4%
1-Bedroom apartment in downtown area	$3,083.09 £2,328.29	$3,034.78 ISK388,391	-1.6%
1-Bedroom apartment outside city center	$2,340.14 £1,767.22	$1,906.99 ISK244,056	-18.5%
Utilities for two (700 sq ft apartment) including electric, gas, water, heating	$255.85 £193.21	$60.87 ISK7,791	-76.2%
Average			-1.2%

London vs. Akranes - Cost of housing

Improve prices · Change currency (USD)

pay 39.5% less for childcare

	London	Akranes
Private preschool for 1 child, monthly	$2,480.84 £1,873.48	$327.78 ISK41,949	-86.8%
Middle school for 1 child, two semesters	$28,512.27 £21,531.90	$30,711.08 ISK3,930,404	+7.7%
Average			-39.5%

London vs. Akranes - Cost of childcare

Improve prices · Change currency (USD)

pay 3.0% less for entertainment and sports

	London	Akranes
Domestic/local beer (1 pint)	$8.69 £6.56	$10.66 ISK1,365	+22.8%
Cappuccino in mid-range area	$5.21 £3.93	$6.15 ISK787	+18.1%
Pack of cigarettes Marlboro or similar	$22.72 £17.16	$13.94 ISK1,783	-38.7%
Monthly membership at local gym	$64.95 £49.05	??
Movie ticket to theater/cinema	$20.05 £15.14	$17.18 ISK2,199	-14.3%
Average			-3.0%

London vs. Akranes - Cost of entertainment and sports

Improve prices · Change currency (USD)

pay 39.0% more for clothing

	London	Akranes
Regular jeans Levi's brand	$116.11 £87.68	$145.10 ISK18,569	+25.0%
Regular dress from H&M or similar store	$52.02 £39.29	$63.97 ISK8,187	+23.0%
Running shoes Nike or Adidas	$125.96 £95.13	$193.43 ISK24,755	+53.6%
Men's business shoes (leather)	$160.88 £121.49	$248.79 ISK31,840	+54.6%
Average			+39.0%

London vs. Akranes - Cost of clothing

Improve prices · Change currency (USD)

The statistics used to build this comparison are calculated using data from users just like you. We average the price of thousands of data points entered by users across the world. Learn more about our data sources. Page last updated: December 2025

More cost comparisons

London vs.

Madrid

London vs.

Ottawa

London vs.

Kiev

London vs.

Hanoi

London vs.

Dodoma

London vs.

Hong Kong

London vs.

Manila

London vs.

Moscow

Share this

Compare countries by overall cost of living

See the cost of living in United Kingdom vs. Iceland. This provides a comparison of the average cost of living from cities within United Kingdom and Iceland.

Help us improve these prices

MyLifeElsewhere is a collaborative project. Please enter price information for your location to help assist us in making these comparisons more accurate. Learn more

Add prices for London

Add prices for Akranes

ASK THE ELSEWHERE COMMUNITY

Join the Elsewhere community and ask a question about Akranes or London. It's a free, question-and-answer based forum to discuss what life is like in countries and cities around the world.