Cost of living comparison

compared to

London is 2.0 times more expensive than Reykjavik.

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

Display currency: USD

pay 12.7% less for restaurants

 
Reykjavik
London
Basic meal with drink at inexpensive restaurant $20.00
ISK2,758
$25.83
£20.27
Fast food combo meal
McDonalds, or similar
$18.02
ISK2,484
$10.33
£8.11
Bottle of Coca-Cola (11 fl. oz) $3.15
ISK435
$2.46
£1.93

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pay 21.9% less for groceries

 
Reykjavik
London
Bread
1 loaf
$3.61
ISK498
$2.07
£1.62
Local cheese (8 oz) $7.76
ISK1,070
$5.65
£4.43
Milk (1 gallon) $6.40
ISK883
$6.31
£4.95

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pay 66.1% more for transportation

 
Reykjavik
London
Gasoline (1 gallon) $8.50
ISK1,172
$7.39
£5.80
Monthly public transit pass $74.95
ISK10,335
$258.31
£202.67
New Volkswagen Golf 1.4 (standard edition) $42,450.45
ISK5,853,068
$36,531.14
£28,663.10

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pay 2.0 times more for housing

 
Reykjavik
London
Internet connection
50 mbps or faster, cable/dsl
$69.87
ISK9,633
$41.63
£32.66
1-Bedroom apartment in downtown area $1,971.17
ISK271,785
$2,834.46
£2,223.98
1-Bedroom apartment outside city center $1,803.44
ISK248,658
$2,063.73
£1,619.25

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pay 7.0 times more for childcare

 
Reykjavik
London
Private preschool for 1 child, monthly $252.14
ISK34,765
$2,333.60
£1,830.99
Middle school for 1 child, two semesters $5,993.99
ISK826,452
$27,892.30
£21,884.89

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pay 6.3% more for entertainment and sports

 
Reykjavik
London
Domestic/local beer (1 pint) $10.81
ISK1,491
$8.27
£6.49
Cappuccino in mid-range area $5.31
ISK731
$4.80
£3.77
Pack of cigarettes
Marlboro or similar
$12.25
ISK1,688
$19.76
£15.50

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pay 16.0% less for clothing

 
Reykjavik
London
Regular jeans
Levi's brand
$108.97
ISK15,025
$96.94
£76.06
Regular dress
from H&M or similar store
$49.72
ISK6,855
$50.55
£39.66
Running shoes
Nike or Adidas
$151.85
ISK20,938
$114.87
£90.13

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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 2024
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