Cost of living comparison

compared to

Iceland is 9.5% cheaper than London.

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

Display currency: USD

pay 15.7% more for restaurants

 
London
Iceland
Basic meal with drink at inexpensive restaurant $25.83
£20.61
$19.40
ISK2,709
Fast food combo meal
McDonalds, or similar
$10.33
£8.25
$16.94
ISK2,366
Bottle of Coca-Cola (11 fl. oz) $2.46
£1.96
$2.81
ISK393

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pay 25.5% more for groceries

 
London
Iceland
Bread
1 loaf
$2.07
£1.65
$2.95
ISK413
Local cheese (8 oz) $5.65
£4.51
$7.27
ISK1,015
Milk (1 gallon) $6.31
£5.04
$6.01
ISK839

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pay 21.4% less for transportation

 
London
Iceland
Gasoline (1 gallon) $7.39
£5.90
$8.36
ISK1,168
Monthly public transit pass $258.31
£206.14
$71.28
ISK9,956
New Volkswagen Golf 1.4 (standard edition) $36,531.14
£29,153.78
$40,660.66
ISK5,679,481

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pay 16.8% less for housing

 
London
Iceland
Internet connection
50 mbps or faster, cable/dsl
$41.63
£33.22
$72.17
ISK10,081
1-Bedroom apartment in downtown area $2,834.46
£2,262.05
$1,838.04
ISK256,737
1-Bedroom apartment outside city center $2,063.73
£1,646.97
$1,497.77
ISK209,209

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pay 83.7% less for childcare

 
London
Iceland
Private preschool for 1 child, monthly $2,333.60
£1,862.34
$258.16
ISK36,060
Middle school for 1 child, two semesters $27,892.30
£22,259.53
$5,993.99
ISK837,241

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pay 10.0% less for entertainment and sports

 
London
Iceland
Domestic/local beer (1 pint) $8.27
£6.60
$9.19
ISK1,283
Cappuccino in mid-range area $4.80
£3.83
$4.65
ISK649
Pack of cigarettes
Marlboro or similar
$19.76
£15.77
$11.76
ISK1,642

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pay 24.5% more for clothing

 
London
Iceland
Regular jeans
Levi's brand
$96.94
£77.36
$111.23
ISK15,537
Regular dress
from H&M or similar store
$50.55
£40.34
$59.69
ISK8,337
Running shoes
Nike or Adidas
$114.87
£91.67
$148.00
ISK20,673

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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: November 2024
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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.

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