Cost of living comparison

compared to

Preston vs. Reykjavik Cost of Living Summary

Preston is 7.0% cheaper than Reykjavik.

Restaurants: pay 45.4% less in Preston
Groceries: pay 36.7% less in Preston
Transportation: pay 20.1% less in Preston
Housing: pay 27.2% more in Preston
Childcare: pay 2.1 times more in Preston
Entertainment and Sports: pay 29.9% less in Preston
Clothing: pay 52.7% less in Preston

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

Preston vs. Reykjavik Cost Breakdown

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

Display currency: USD

pay 45.4% less for restaurants

	Reykjavik	Preston
Basic meal with drink at inexpensive restaurant	$27.48 ISK3,517	$16.66 £12.49	-39.4%
Fast food combo meal McDonalds, or similar	$22.76 ISK2,913	$8.68 £6.51	-61.9%
Bottle of Coca-Cola (11 fl. oz)	$3.34 ISK427	$2.06 £1.54	-38.3%
Bottle of water (11 fl. oz)	$2.70 ISK345	$1.56 £1.17	-42.1%
Average			-45.4%

Reykjavik vs. Preston - Cost of restaurants

Improve prices · Change currency (USD)

pay 36.7% less for groceries

	Reykjavik	Preston
Bread 1 loaf	$4.63 ISK593	$1.46 £1.09	-68.5%
Local cheese (8 oz)	$9.44 ISK1,208	$5.45 £4.09	-42.2%
Milk (1 gallon)	$7.63 ISK976	$6.14 £4.60	-19.5%
Eggs 1 dozen	$6.50 ISK832	$3.65 £2.74	-43.9%
Boneless chicken breast (1 lb)	$11.29 ISK1,445	$3.77 £2.83	-66.6%
Apples (1 lb)	$1.59 ISK204	$1.27 £0.95	-20.0%
Bananas (1 lb)	$1.17 ISK150	$0.94 £0.70	-19.7%
Oranges (1 lb)	$1.49 ISK190	$1.41 £1.06	-5.0%
Tomatoes (1 lb)	$2.54 ISK325	$1.61 £1.21	-36.6%
Potatoes (1 lb)	$1.70 ISK217	$0.73 £0.54	-57.2%
Onions (1 lb)	$1.13 ISK145	$0.86 £0.64	-24.1%
Average			-36.7%

Reykjavik vs. Preston - Cost of groceries

Improve prices · Change currency (USD)

pay 20.1% less for transportation

	Reykjavik	Preston
Gasoline (1 gallon)	$9.66 ISK1,236	$7.14 £5.36	-26.0%
Monthly public transit pass	$88.58 ISK11,337	$100.16 £75.08	+13.1%
New Volkswagen Golf 1.4 (standard edition)	$50,771.00 ISK6,497,672	$37,772.71 £28,315.37	-25.6%
Taxi trip in downtown area (5 miles)	$28.07 ISK3,592	$16.31 £12.23	-41.9%
Average			-20.1%

Reykjavik vs. Preston - Cost of transportation

Improve prices · Change currency (USD)

pay 27.2% more for housing

	Reykjavik	Preston
Internet connection 50 mbps or faster, cable/dsl	$81.97 ISK10,490	$42.01 £31.50	-48.7%
1-Bedroom apartment in downtown area	$2,259.48 ISK289,169	$1,018.27 £763.32	-54.9%
1-Bedroom apartment outside city center	$2,034.90 ISK260,427	$845.77 £634.01	-58.4%
Utilities for two (700 sq ft apartment) including electric, gas, water, heating	$60.87 ISK7,791	$225.70 £169.19	+270.8%
Average			+27.2%

Reykjavik vs. Preston - Cost of housing

Improve prices · Change currency (USD)

pay 2.1 times more for childcare

	Reykjavik	Preston
Private preschool for 1 child, monthly	$327.78 ISK41,949	$1,275.34 £956.03	+289.1%
Middle school for 1 child, two semesters	$30,711.08 ISK3,930,404	$8,680.31 £6,506.98	-71.7%
Average			+108.7%

Reykjavik vs. Preston - Cost of childcare

Improve prices · Change currency (USD)

pay 29.9% less for entertainment and sports

	Reykjavik	Preston
Domestic/local beer (1 pint)	$13.12 ISK1,680	$5.34 £4.00	-59.3%
Cappuccino in mid-range area	$6.17 ISK790	$4.15 £3.11	-32.7%
Pack of cigarettes Marlboro or similar	$13.94 ISK1,783	$17.29 £12.96	+24.1%
Monthly membership at local gym	$87.35 ISK11,179	$42.29 £31.70	-51.6%
Movie ticket to theater/cinema	$17.18 ISK2,199	$12.02 £9.01	-30.1%
Average			-29.9%

Reykjavik vs. Preston - Cost of entertainment and sports

Improve prices · Change currency (USD)

pay 52.7% less for clothing

	Reykjavik	Preston
Regular jeans Levi's brand	$145.10 ISK18,569	$79.01 £59.23	-45.5%
Regular dress from H&M or similar store	$63.97 ISK8,187	$44.73 £33.53	-30.1%
Running shoes Nike or Adidas	$193.43 ISK24,755	$73.45 £55.06	-62.0%
Men's business shoes (leather)	$248.79 ISK31,840	$66.77 £50.05	-73.2%
Average			-52.7%

Reykjavik vs. Preston - Cost of clothing

Improve prices · Change currency (USD)

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

More cost comparisons

Reykjavik vs.

Kiev

Reykjavik vs.

Vienna

Reykjavik vs.

Rome

Reykjavik vs.

Bangkok

Reykjavik vs.

Moscow

Reykjavik vs.

Delhi

Reykjavik vs.

Hong Kong

Reykjavik vs.

Ottawa

Share this

Compare countries by overall cost of living

See the cost of living in Iceland vs. United Kingdom. This provides a comparison of the average cost of living from cities within Iceland and United Kingdom.

Help us improve these prices

MyLifeElsewhere is a collaborative project. Please enter price information for your location to help assist us in making these comparisons more accurate. Learn more

Add prices for Reykjavik

Add prices for Preston

ASK THE ELSEWHERE COMMUNITY

Join the Elsewhere community and ask a question about Preston or Reykjavik. It's a free, question-and-answer based forum to discuss what life is like in countries and cities around the world.