Cost of living comparison
compared to
Iceland vs. London Cost of Living Summary
Iceland is 10.3% more expensive than London.
- Restaurants
-
pay 33.4% more in Iceland
- Groceries
-
pay 55.2% more in Iceland
- Transportation
-
pay 5.2% less in Iceland
- Housing
-
pay 0.3% more in Iceland
- Childcare
-
pay 39.4% less in Iceland
- Entertainment and Sports
-
pay 0.3% more in Iceland
- Clothing
-
pay 27.3% more in Iceland
The cost of groceries, restaurants, clothing, housing, and entertainment and sports in Iceland are more expensive than in London. Expenses including childcare and transportation are lower in Iceland.
Iceland vs. London Cost Breakdown
If you lived in Iceland instead of London, you would:
pay 33.4% more for restaurants
|
London
|
Iceland
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$26.73
£19.63
|
$26.52
ISK3,254
|
|
|
Fast food combo meal
McDonalds, or similar
|
$11.02
£8.10
|
$21.32
ISK2,616
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$3.12
£2.29
|
$3.11
ISK382
|
|
| Bottle of water (11 fl. oz) |
$1.93
£1.41
|
$2.72
ISK334
|
|
London vs. Iceland - Cost of restaurants
pay 55.2% more for groceries
|
London
|
Iceland
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$2.16
£1.59
|
$3.80
ISK467
|
|
| Local cheese (8 oz) |
$5.54
£4.07
|
$9.44
ISK1,158
|
|
| Milk (1 gallon) |
$6.58
£4.83
|
$7.78
ISK955
|
|
|
Eggs
1 dozen
|
$5.02
£3.69
|
$6.71
ISK823
|
|
| Boneless chicken breast (1 lb) |
$3.95
£2.90
|
$11.22
ISK1,377
|
|
| Apples (1 lb) |
$1.53
£1.12
|
$1.50
ISK184
|
|
| Bananas (1 lb) |
$0.83
£0.61
|
$1.15
ISK141
|
|
| Oranges (1 lb) |
$1.44
£1.06
|
$1.41
ISK174
|
|
| Tomatoes (1 lb) |
$1.64
£1.21
|
$2.34
ISK287
|
|
| Potatoes (1 lb) |
$0.76
£0.56
|
$1.65
ISK202
|
|
| Onions (1 lb) |
$0.83
£0.61
|
$1.09
ISK134
|
|
London vs. Iceland - Cost of groceries
pay 5.2% less for transportation
|
London
|
Iceland
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$7.12
£5.23
|
$9.65
ISK1,185
|
|
| Monthly public transit pass |
$240.54
£176.67
|
$79.56
ISK9,763
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$37,798.76
£27,761.56
|
$49,144.25
ISK6M
|
|
| Taxi trip in downtown area (5 miles) |
$31.75
£23.32
|
$25.55
ISK3,136
|
|
London vs. Iceland - Cost of transportation
pay 0.3% more for housing
|
London
|
Iceland
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$42.83
£31.46
|
$95.65
ISK11,737
|
|
| 1-Bedroom apartment in downtown area |
$3,083.09
£2,264.40
|
$2,289.17
ISK281K
|
|
| 1-Bedroom apartment outside city center |
$2,340.14
£1,718.73
|
$1,830.04
ISK225K
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$255.85
£187.91
|
$65.15
ISK7,994
|
|
London vs. Iceland - Cost of housing
pay 39.4% less for childcare
|
London
|
Iceland
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$2,480.84
£1,822.07
|
$334.67
ISK41,067
|
|
| Middle school for 1 child, two semesters |
$28,512.27
£20,941.04
|
$30,711.08
ISK4M
|
|
London vs. Iceland - Cost of childcare
pay 0.3% more for entertainment and sports
|
London
|
Iceland
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$8.69
£6.38
|
$11.14
ISK1,367
|
|
| Cappuccino in mid-range area |
$5.21
£3.83
|
$5.62
ISK690
|
|
|
Pack of cigarettes
Marlboro or similar
|
$22.72
£16.69
|
$13.90
ISK1,705
|
|
| Monthly membership at local gym |
$64.95
£47.71
|
$78.17
ISK9,593
|
|
| Movie ticket to theater/cinema |
$20.05
£14.72
|
$16.75
ISK2,056
|
|
London vs. Iceland - Cost of entertainment and sports
pay 27.3% more for clothing
|
London
|
Iceland
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$116.11
£85.27
|
$130.91
ISK16,063
|
|
|
Regular dress
from H&M or similar store
|
$52.02
£38.21
|
$61.83
ISK7,587
|
|
|
Running shoes
Nike or Adidas
|
$125.96
£92.51
|
$163.81
ISK20,102
|
|
| Men's business shoes (leather) |
$160.88
£118.16
|
$237.31
ISK29,120
|
|
London vs. Iceland - Cost of clothing
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 2026
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