Cost of living comparison
London is 2.0 times more expensive than Reykjavik.
If you lived in London instead of Reykjavik, you would:
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
|
|
Bottle of water (11 fl. oz) |
$2.19
ISK301
|
$1.85
£1.45
|
|
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
|
|
Eggs
1 dozen
|
$5.76
ISK794
|
$4.45
£3.49
|
|
Boneless chicken breast (1 lb) |
$9.45
ISK1,303
|
$4.26
£3.34
|
|
Apples (1 lb) |
$1.40
ISK193
|
$1.56
£1.23
|
|
Bananas (1 lb) |
$1.01
ISK139
|
$0.75
£0.59
|
|
Oranges (1 lb) |
$1.22
ISK168
|
$1.44
£1.13
|
|
Tomatoes (1 lb) |
$2.22
ISK307
|
$1.79
£1.41
|
|
Potatoes (1 lb) |
$1.43
ISK198
|
$0.69
£0.54
|
|
Onions (1 lb) |
$0.93
ISK129
|
$0.70
£0.55
|
|
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
|
|
Taxi trip in downtown area (5 miles) |
$24.05
ISK3,316
|
$35.26
£27.66
|
|
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
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$53.95
ISK7,439
|
$263.90
£207.06
|
|
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
|
|
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
|
|
Monthly membership at local gym |
$69.95
ISK9,644
|
$65.66
£51.52
|
|
Movie ticket to theater/cinema |
$14.77
ISK2,037
|
$16.14
£12.67
|
|
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
|
|
Men's business shoes (leather) |
$194.16
ISK26,770
|
$135.36
£106.21
|
|
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