Iceland is 5.7% cheaper than London.

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

pay 15.8% more for restaurants

 
London
Iceland
Basic meal with drink at inexpensive restaurant $21.12
£16.65
$17.84
kr2,458
Fast food combo meal
McDonalds, or similar
$9.10
£7.18
$14.27
kr1,966
Bottle of Coca-Cola (11 fl. oz) $2.30
£1.82
$2.32
kr319

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pay 35.7% more for groceries

 
London
Iceland
Bread
1 loaf
$1.57
£1.24
$3.42
kr472
Local cheese (8 oz) $4.08
£3.22
$5.98
kr824
Milk (1 gallon) $5.80
£4.57
$5.33
kr734

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pay 15.7% less for transportation

 
London
Iceland
Gasoline (1 gallon) $8.25
£6.51
$8.03
kr1,107
Monthly public transit pass $198.74
£156.74
$77.40
kr10,665
New Volkswagen Golf 1.4 (standard edition) $31,052.51
£24,491.30
$29,836.83
kr4,111,515

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pay 19.9% less for housing

 
London
Iceland
Internet connection
50 mbps or faster, cable/dsl
$36.24
£28.58
$62.40
kr8,599
1-Bedroom apartment in downtown area $2,575.57
£2,031.37
$1,437.14
kr198,038
1-Bedroom apartment outside city center $1,776.05
£1,400.78
$1,215.63
kr167,513

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pay 86.8% less for childcare

 
London
Iceland
Private preschool for 1 child, monthly $1,945.82
£1,534.68
$259.34
kr35,738
Middle school for 1 child, two semesters $21,135.46
£16,669.67
$2,750.10
kr378,963

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pay 7.9% less for entertainment and sports

 
London
Iceland
Domestic/local beer (1 pint) $7.45
£5.88
$8.52
kr1,174
Cappuccino in mid-range area $4.25
£3.35
$4.15
kr572
Pack of cigarettes
Marlboro or similar
$16.15
£12.74
$10.64
kr1,466

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pay 38.8% more for clothing

 
London
Iceland
Regular jeans
Levi's brand
$92.70
£73.11
$118.08
kr16,271
Regular dress
from H&M or similar store
$42.71
£33.68
$50.39
kr6,944
Running shoes
Nike or Adidas
$92.09
£72.63
$151.12
kr20,824

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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: February 2024
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