Cost of living comparison
Iceland is 8.9% cheaper than London.
If you lived in Iceland instead of London, you would:
pay 10.2% more for restaurants
London
|
Iceland
|
||
---|---|---|---|
Basic meal with drink at inexpensive restaurant |
$25.22
£19.94
|
$19.51
ISK2,708
|
|
Fast food combo meal
McDonalds, or similar
|
$10.09
£7.98
|
$16.45
ISK2,283
|
|
Bottle of Coca-Cola (11 fl. oz) |
$2.54
£2.00
|
$2.70
ISK375
|
|
Bottle of water (11 fl. oz) |
$2.08
£1.65
|
$1.95
ISK271
|
|
pay 25.0% more for groceries
London
|
Iceland
|
||
---|---|---|---|
Bread
1 loaf
|
$1.96
£1.55
|
$3.16
ISK438
|
|
Local cheese (8 oz) |
$4.74
£3.75
|
$6.72
ISK932
|
|
Milk (1 gallon) |
$6.34
£5.01
|
$6.27
ISK870
|
|
Eggs
1 dozen
|
$3.99
£3.16
|
$6.03
ISK837
|
|
Boneless chicken breast (1 lb) |
$4.28
£3.38
|
$7.60
ISK1,055
|
|
Apples (1 lb) |
$1.47
£1.16
|
$1.13
ISK156
|
|
Bananas (1 lb) |
$0.75
£0.59
|
$1.01
ISK140
|
|
Oranges (1 lb) |
$1.48
£1.17
|
$1.15
ISK160
|
|
Tomatoes (1 lb) |
$1.76
£1.39
|
$1.71
ISK238
|
|
Potatoes (1 lb) |
$0.73
£0.58
|
$1.13
ISK157
|
|
Onions (1 lb) |
$0.67
£0.53
|
$0.68
ISK95
|
|
pay 12.2% less for transportation
London
|
Iceland
|
||
---|---|---|---|
Gasoline (1 gallon) |
$7.20
£5.69
|
$8.42
ISK1,169
|
|
Monthly public transit pass |
$252.24
£199.42
|
$68.29
ISK9,478
|
|
New Volkswagen Golf 1.4 (standard edition) |
$34,406.00
£27,200.56
|
$39,714.69
ISK5,511,605
|
|
Taxi trip in downtown area (5 miles) |
$25.33
£20.02
|
$23.23
ISK3,224
|
|
pay 16.1% less for housing
London
|
Iceland
|
||
---|---|---|---|
Internet connection
50 mbps or faster, cable/dsl
|
$39.12
£30.93
|
$74.47
ISK10,335
|
|
1-Bedroom apartment in downtown area |
$2,697.16
£2,132.31
|
$1,518.94
ISK210,798
|
|
1-Bedroom apartment outside city center |
$2,027.26
£1,602.70
|
$1,325.48
ISK183,950
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$284.51
£224.92
|
$66.99
ISK9,297
|
|
pay 82.7% less for childcare
London
|
Iceland
|
||
---|---|---|---|
Private preschool for 1 child, monthly |
$2,321.07
£1,834.98
|
$254.97
ISK35,384
|
|
Middle school for 1 child, two semesters |
$25,293.41
£19,996.36
|
$5,993.83
ISK831,823
|
|
pay 10.0% less for entertainment and sports
London
|
Iceland
|
||
---|---|---|---|
Domestic/local beer (1 pint) |
$8.20
£6.48
|
$9.37
ISK1,301
|
|
Cappuccino in mid-range area |
$4.56
£3.61
|
$4.61
ISK640
|
|
Pack of cigarettes
Marlboro or similar
|
$18.92
£14.96
|
$11.22
ISK1,557
|
|
Monthly membership at local gym |
$58.95
£46.60
|
$60.00
ISK8,327
|
|
Movie ticket to theater/cinema |
$18.92
£14.96
|
$13.94
ISK1,935
|
|
pay 23.3% more for clothing
London
|
Iceland
|
||
---|---|---|---|
Regular jeans
Levi's brand
|
$103.07
£81.48
|
$108.23
ISK15,020
|
|
Regular dress
from H&M or similar store
|
$49.65
£39.26
|
$59.73
ISK8,290
|
|
Running shoes
Nike or Adidas
|
$112.31
£88.79
|
$146.94
ISK20,392
|
|
Men's business shoes (leather) |
$123.32
£97.49
|
$169.24
ISK23,487
|
|
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