Cost of living comparison

United Kingdom

compared to

Iceland

Reykjavik vs. Milton Keynes Cost of Living Summary

Reykjavik is 46.0% more expensive than Milton Keynes.

Restaurants: pay 93.3% more in Reykjavik
Groceries: pay 77.4% more in Reykjavik
Transportation: pay 24.0% more in Reykjavik
Housing: pay 32.3% more in Reykjavik
Childcare: pay 14.3% less in Reykjavik
Entertainment and Sports: pay 46.3% more in Reykjavik
Clothing: pay 89.9% more in Reykjavik

The cost of restaurants, clothing, groceries, entertainment and sports, housing, and transportation in Reykjavik are more expensive than in Milton Keynes. Notably, restaurants, clothing, and groceries are significantly more expensive in Reykjavik.

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Reykjavik vs. Milton Keynes Cost Breakdown

If you lived in Reykjavik instead of Milton Keynes, you would:

Display currency: USD

pay 93.3% more for restaurants

	Milton Keynes	Reykjavik
Basic meal with drink at inexpensive restaurant	$19.82 £14.82	$31.06 ISK3,782	+56.7%
Fast food combo meal McDonalds, or similar	$11.56 £8.64	$26.97 ISK3,284	+133.4%
Bottle of Coca-Cola (11 fl. oz)	$1.85 £1.38	$3.31 ISK404	+79.1%
Bottle of water (11 fl. oz)	$1.12 £0.84	$3.11 ISK378	+177.4%
Average			+93.3%

Milton Keynes vs. Reykjavik - Cost of restaurants

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pay 77.4% more for groceries

	Milton Keynes	Reykjavik
Bread 1 loaf	$1.48 £1.10	$4.19 ISK511	+184.1%
Local cheese (8 oz)	$4.24 £3.17	$10.93 ISK1,331	+157.8%
Milk (1 gallon)	$6.28 £4.70	$7.78 ISK947	+23.8%
Eggs 1 dozen	$3.99 £2.98	$7.08 ISK862	+77.6%
Boneless chicken breast (1 lb)	$3.98 £2.97	$11.00 ISK1,340	+176.8%
Apples (1 lb)	$1.48 £1.11	$1.50 ISK183	+1.4%
Bananas (1 lb)	$0.66 £0.49	$1.27 ISK154	+92.3%
Oranges (1 lb)	$1.15 £0.86	$1.46 ISK178	+26.4%
Tomatoes (1 lb)	$1.28 £0.96	$2.93 ISK357	+129.4%
Potatoes (1 lb)	$0.86 £0.64	$1.78 ISK216	+106.3%
Onions (1 lb)	$0.72 £0.54	$0.76 ISK92	+5.3%
Average			+77.4%

Milton Keynes vs. Reykjavik - Cost of groceries

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pay 24.0% more for transportation

	Milton Keynes	Reykjavik
Gasoline (1 gallon)	$7.70 £5.76	$7.76 ISK946	+0.8%
Monthly public transit pass	$71.36 £53.35	$94.80 ISK11,545	+32.9%
New Volkswagen Golf 1.4 (standard edition)	$38,182.92 £28,549.06	$50,588.43 ISK6M	+32.5%
Taxi trip in downtown area (5 miles)	$16.52 £12.35	$29.26 ISK3,563	+77.1%
Average			+24.0%

Milton Keynes vs. Reykjavik - Cost of transportation

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pay 32.3% more for housing

	Milton Keynes	Reykjavik
Internet connection 50 mbps or faster, cable/dsl	$40.74 £30.46	$86.01 ISK10,474	+111.1%
1-Bedroom apartment in downtown area	$1,483.31 £1,109.06	$2,522.88 ISK307K	+70.1%
1-Bedroom apartment outside city center	$1,213.08 £907.01	$2,032.25 ISK247K	+67.5%
Utilities for two (700 sq ft apartment) including electric, gas, water, heating	$237.34 £177.46	$73.44 ISK8,943	-69.1%
Average			+32.3%

Milton Keynes vs. Reykjavik - Cost of housing

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pay 14.3% less for childcare

	Milton Keynes	Reykjavik
Private preschool for 1 child, monthly	$1,872.04 £1,399.71	$1,185.23 ISK144K	-36.7%
Middle school for 1 child, two semesters	$22,279.43 £16,658.15	$25,853.51 ISK3M	+16.0%
Average			-14.3%

Milton Keynes vs. Reykjavik - Cost of childcare

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pay 46.3% more for entertainment and sports

	Milton Keynes	Reykjavik
Domestic/local beer (1 pint)	$6.61 £4.94	$13.89 ISK1,692	+110.3%
Cappuccino in mid-range area	$4.71 £3.52	$6.74 ISK821	+43.3%
Pack of cigarettes Marlboro or similar	$23.46 £17.54	$13.89 ISK1,692	-40.8%
Monthly membership at local gym	$36.34 £27.17	$100.25 ISK12,209	+175.9%
Movie ticket to theater/cinema	$23.13 £17.29	$19.57 ISK2,384	-15.4%
Average			+46.3%

Milton Keynes vs. Reykjavik - Cost of entertainment and sports

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pay 89.9% more for clothing

	Milton Keynes	Reykjavik
Regular jeans Levi's brand	$113.97 £85.22	$149.01 ISK18,147	+30.7%
Regular dress from H&M or similar store	$39.64 £29.64	$65.79 ISK8,012	+66.0%
Running shoes Nike or Adidas	$79.29 £59.28	$181.84 ISK22,145	+129.3%
Men's business shoes (leather)	$95.14 £71.14	$248.81 ISK30,300	+161.5%
Average			+89.9%

Milton Keynes vs. Reykjavik - Cost of clothing

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We average the price of thousands of data points entered by users across the world. Sources: MyLifeElsewhere's cost-of-living dataset (prices updated October 2026). How we calculate this

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