Cost of living comparison
Reykjavik is 1.7% more expensive than London.
If you lived in Reykjavik instead of London, you would:
pay 21.1% more for restaurants
|
London
|
Reykjavik
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$21.12
£16.96
|
$18.40
kr2,593
|
|
|
Fast food combo meal
McDonalds, or similar
|
$9.10
£7.31
|
$15.62
kr2,202
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$2.30
£1.85
|
$2.53
kr357
|
|
| Bottle of water (11 fl. oz) |
$1.75
£1.41
|
$2.03
kr285
|
|
pay 53.3% more for groceries
|
London
|
Reykjavik
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$1.57
£1.26
|
$3.40
kr480
|
|
| Local cheese (8 oz) |
$4.08
£3.27
|
$7.20
kr1,014
|
|
| Milk (1 gallon) |
$5.80
£4.66
|
$5.90
kr831
|
|
|
Eggs
1 dozen
|
$3.53
£2.83
|
$5.64
kr795
|
|
| Boneless chicken breast (1 lb) |
$3.80
£3.05
|
$8.08
kr1,139
|
|
| Apples (1 lb) |
$1.20
£0.96
|
$1.57
kr221
|
|
| Bananas (1 lb) |
$0.71
£0.57
|
$0.93
kr131
|
|
| Oranges (1 lb) |
$1.16
£0.93
|
$1.23
kr173
|
|
| Tomatoes (1 lb) |
$1.47
£1.18
|
$2.22
kr312
|
|
| Potatoes (1 lb) |
$0.64
£0.51
|
$1.24
kr175
|
|
| Onions (1 lb) |
$0.66
£0.53
|
$0.69
kr97
|
|
pay 2.7% less for transportation
|
London
|
Reykjavik
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$8.25
£6.63
|
$8.90
kr1,254
|
|
| Monthly public transit pass |
$198.74
£159.62
|
$65.56
kr9,237
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$31,052.51
£24,940.78
|
$37,150.35
kr5,234,484
|
|
| Taxi trip in downtown area (5 miles) |
$22.83
£18.34
|
$29.44
kr4,149
|
|
pay 14.7% less for housing
|
London
|
Reykjavik
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$36.24
£29.11
|
$64.04
kr9,023
|
|
| 1-Bedroom apartment in downtown area |
$2,575.57
£2,068.65
|
$1,613.16
kr227,294
|
|
| 1-Bedroom apartment outside city center |
$1,776.05
£1,426.49
|
$1,379.70
kr194,400
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$286.24
£229.90
|
$69.31
kr9,766
|
|
pay 78.4% less for childcare
|
London
|
Reykjavik
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$1,945.82
£1,562.84
|
$282.44
kr39,795
|
|
| Middle school for 1 child, two semesters |
$21,135.46
£16,975.60
|
$6,058.18
kr853,597
|
|
pay 3.2% more for entertainment and sports
|
London
|
Reykjavik
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$7.45
£5.99
|
$9.47
kr1,334
|
|
| Cappuccino in mid-range area |
$4.25
£3.42
|
$4.53
kr638
|
|
|
Pack of cigarettes
Marlboro or similar
|
$16.15
£12.97
|
$11.66
kr1,642
|
|
| Monthly membership at local gym |
$56.73
£45.56
|
$67.30
kr9,483
|
|
| Movie ticket to theater/cinema |
$14.91
£11.97
|
$13.66
kr1,924
|
|
pay 29.9% more for clothing
|
London
|
Reykjavik
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$92.70
£74.45
|
$108.17
kr15,240
|
|
|
Regular dress
from H&M or similar store
|
$42.71
£34.30
|
$43.41
kr6,117
|
|
|
Running shoes
Nike or Adidas
|
$92.09
£73.97
|
$137.74
kr19,408
|
|
| Men's business shoes (leather) |
$120.19
£96.53
|
$182.49
kr25,713
|
|
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