Cost of living comparison

Iceland

compared to

United Kingdom

Newcastle Upon Tyne vs. Reykjavik Cost of Living Summary

Newcastle Upon Tyne is 35.2% cheaper than Reykjavik.

Restaurants: pay 43.3% less in Newcastle Upon Tyne
Groceries: pay 41.7% less in Newcastle Upon Tyne
Transportation: pay 13.0% less in Newcastle Upon Tyne
Housing: pay 35.4% less in Newcastle Upon Tyne
Childcare: pay 16.2% less in Newcastle Upon Tyne
Entertainment and Sports: pay 44.0% less in Newcastle Upon Tyne
Clothing: pay 43.8% less in Newcastle Upon Tyne

Expenses including entertainment and sports, clothing, restaurants, groceries, housing, and childcare are lower in Newcastle Upon Tyne.

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Newcastle Upon Tyne vs. Reykjavik Cost Breakdown

If you lived in Newcastle Upon Tyne instead of Reykjavik, you would:

Display currency: USD

pay 43.3% less for restaurants

	Reykjavik	Newcastle Upon Tyne
Basic meal with drink at inexpensive restaurant	$31.06 ISK3,813	$19.82 £14.84	-36.2%
Fast food combo meal McDonalds, or similar	$26.97 ISK3,312	$10.57 £7.91	-60.8%
Bottle of Coca-Cola (11 fl. oz)	$3.31 ISK407	$3.08 £2.31	-7.0%
Bottle of water (11 fl. oz)	$3.11 ISK381	$2.30 £1.72	-25.9%
Average			-43.3%

Reykjavik vs. Newcastle Upon Tyne - Cost of restaurants

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pay 41.7% less for groceries

	Reykjavik	Newcastle Upon Tyne
Bread 1 loaf	$4.19 ISK515	$1.87 £1.40	-55.3%
Local cheese (8 oz)	$10.93 ISK1,342	$4.90 £3.67	-55.2%
Milk (1 gallon)	$7.78 ISK955	$5.46 £4.09	-29.8%
Eggs 1 dozen	$7.08 ISK869	$3.59 £2.69	-49.2%
Boneless chicken breast (1 lb)	$11.00 ISK1,351	$4.08 £3.05	-62.9%
Apples (1 lb)	$1.50 ISK185	$1.30 £0.97	-13.8%
Bananas (1 lb)	$1.27 ISK156	$0.85 £0.63	-33.3%
Oranges (1 lb)	$1.46 ISK179	$1.28 £0.96	-12.5%
Tomatoes (1 lb)	$2.93 ISK360	$1.58 £1.18	-46.0%
Potatoes (1 lb)	$1.78 ISK218	$0.78 £0.58	-56.1%
Onions (1 lb)	$0.76 ISK93	$0.63 £0.47	-16.4%
Average			-41.7%

Reykjavik vs. Newcastle Upon Tyne - Cost of groceries

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pay 13.0% less for transportation

	Reykjavik	Newcastle Upon Tyne
Gasoline (1 gallon)	$7.76 ISK953	$8.03 £6.01	+3.4%
Monthly public transit pass	$94.80 ISK11,641	$85.89 £64.31	-9.4%
New Volkswagen Golf 1.4 (standard edition)	$50,588.43 ISK6M	$38,182.92 £28,586.44	-24.5%
Taxi trip in downtown area (5 miles)	$29.26 ISK3,593	$19.19 £14.36	-34.4%
Average			-13.0%

Reykjavik vs. Newcastle Upon Tyne - Cost of transportation

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pay 35.4% less for housing

	Reykjavik	Newcastle Upon Tyne
Internet connection 50 mbps or faster, cable/dsl	$86.01 ISK10,561	$41.50 £31.07	-51.7%
1-Bedroom apartment in downtown area	$2,522.88 ISK310K	$1,341.07 £1,004.02	-46.8%
1-Bedroom apartment outside city center	$2,032.25 ISK250K	$988.43 £740.01	-51.4%
Utilities for two (700 sq ft apartment) including electric, gas, water, heating	$73.44 ISK9,018	$187.17 £140.13	+154.9%
Average			-35.4%

Reykjavik vs. Newcastle Upon Tyne - Cost of housing

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pay 16.2% less for childcare

	Reykjavik	Newcastle Upon Tyne
Private preschool for 1 child, monthly	$1,185.23 ISK146K	$1,222.33 £915.12	+3.1%
Middle school for 1 child, two semesters	$25,853.51 ISK3M	$17,619.16 £13,190.95	-31.9%
Average			-16.2%

Reykjavik vs. Newcastle Upon Tyne - Cost of childcare

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pay 44.0% less for entertainment and sports

	Reykjavik	Newcastle Upon Tyne
Domestic/local beer (1 pint)	$13.89 ISK1,706	$6.61 £4.95	-52.4%
Cappuccino in mid-range area	$6.74 ISK828	$4.96 £3.71	-26.4%
Pack of cigarettes Marlboro or similar	$13.89 ISK1,706	$20.61 £15.43	+48.4%
Monthly membership at local gym	$100.25 ISK12,310	$36.12 £27.04	-64.0%
Movie ticket to theater/cinema	$19.57 ISK2,403	$10.57 £7.91	-46.0%
Average			-44.0%

Reykjavik vs. Newcastle Upon Tyne - Cost of entertainment and sports

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pay 43.8% less for clothing

	Reykjavik	Newcastle Upon Tyne
Regular jeans Levi's brand	$149.01 ISK18,297	$90.79 £67.97	-39.1%
Regular dress from H&M or similar store	$65.79 ISK8,078	$47.70 £35.71	-27.5%
Running shoes Nike or Adidas	$181.84 ISK22,328	$107.07 £80.16	-41.1%
Men's business shoes (leather)	$248.81 ISK30,551	$95.51 £71.50	-61.6%
Average			-43.8%

Reykjavik vs. Newcastle Upon Tyne - 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 November 2026). How we calculate this

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