Cost of living comparison

compared to

Cheltenham vs. Reykjavik Cost of Living Summary

Cheltenham is 7.7% cheaper than Reykjavik.

Restaurants
pay 42.9% less in Cheltenham
Groceries
pay 48.2% less in Cheltenham
Transportation
pay 29.2% less in Cheltenham
Housing
pay 5.9% more in Cheltenham
Childcare
pay 2.3 times more in Cheltenham
Entertainment and Sports
pay 26.5% less in Cheltenham
Clothing
pay 43.6% less in Cheltenham

The cost of childcare and housing in Cheltenham are more expensive than in Reykjavik. Expenses including groceries, clothing, restaurants, transportation, and entertainment and sports are lower in Cheltenham. Notably, childcare is significantly more expensive in Cheltenham.

Cheltenham vs. Reykjavik Cost Breakdown

If you lived in Cheltenham instead of Reykjavik, you would:

pay 42.9% less for restaurants

 
Reykjavik
Cheltenham
Basic meal with drink at inexpensive restaurant $27.48
ISK3,473
$20.03
£14.98
Fast food combo meal
McDonalds, or similar
$22.76
ISK2,877
$9.35
£6.99
Bottle of Coca-Cola (11 fl. oz) $3.34
ISK422
$2.11
£1.58

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pay 48.2% less for groceries

 
Reykjavik
Cheltenham
Bread
1 loaf
$4.63
ISK586
$0.71
£0.53
Local cheese (8 oz) $9.44
ISK1,193
$2.34
£1.75
Milk (1 gallon) $7.63
ISK964
$5.92
£4.43

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pay 29.2% less for transportation

 
Reykjavik
Cheltenham
Gasoline (1 gallon) $9.66
ISK1,221
$7.14
£5.34
Monthly public transit pass $88.58
ISK11,197
$56.09
£41.94
New Volkswagen Golf 1.4 (standard edition) $50,771.00
ISK6,417,454
$37,772.71
£28,247.61

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pay 5.9% more for housing

 
Reykjavik
Cheltenham
Internet connection
50 mbps or faster, cable/dsl
$81.97
ISK10,361
$39.84
£29.79
1-Bedroom apartment in downtown area $2,259.48
ISK285,599
$1,168.50
£873.84
1-Bedroom apartment outside city center $2,034.90
ISK257,212
$934.80
£699.07

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pay 2.3 times more for childcare

 
Reykjavik
Cheltenham
Private preschool for 1 child, monthly $327.78
ISK41,431
$1,368.82
£1,023.64
Middle school for 1 child, two semesters $30,711.08
ISK3,881,881
$13,487.87
£10,086.65

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pay 26.5% less for entertainment and sports

 
Reykjavik
Cheltenham
Domestic/local beer (1 pint) $13.12
ISK1,659
$6.01
£4.49
Cappuccino in mid-range area $6.17
ISK780
$4.42
£3.31
Pack of cigarettes
Marlboro or similar
$13.94
ISK1,761
$17.03
£12.73

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pay 43.6% less for clothing

 
Reykjavik
Cheltenham
Regular jeans
Levi's brand
$145.10
ISK18,340
$109.06
£81.56
Regular dress
from H&M or similar store
$63.97
ISK8,086
$35.26
£26.37
Running shoes
Nike or Adidas
$193.43
ISK24,449
$109.06
£81.56

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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: December 2025
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