Cost of living comparison
Iceland is 17.5% more expensive than United Kingdom overall.
- Restaurants
-
pay 35.5% more in Iceland
- Groceries
-
pay 47.9% more in Iceland
- Transportation
-
pay 9.0% more in Iceland
- Housing
-
pay 25.8% more in Iceland
- Childcare
-
pay 75.3% less in Iceland
- Entertainment and Sports
-
pay 18.0% more in Iceland
- Clothing
-
pay 61.3% more in Iceland
The cost of clothing, groceries, restaurants, housing, entertainment and sports, and transportation in Iceland are more expensive than in United Kingdom.
If you lived in Iceland instead of United Kingdom, you would:
pay 35.5% more for restaurants
|
United Kingdom
|
Iceland
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$18.70
£14.06
|
$19.40
ISK2,534
|
|
|
Fast food combo meal
McDonalds, or similar
|
$9.25
£6.96
|
$16.94
ISK2,213
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$2.23
£1.68
|
$2.81
ISK367
|
|
| Bottle of water (11 fl. oz) |
$1.57
£1.18
|
$2.02
ISK264
|
|
pay 47.9% more for groceries
|
United Kingdom
|
Iceland
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$1.53
£1.15
|
$2.95
ISK386
|
|
| Local cheese (8 oz) |
$4.35
£3.27
|
$7.27
ISK949
|
|
| Milk (1 gallon) |
$5.92
£4.45
|
$6.01
ISK784
|
|
|
Eggs
1 dozen
|
$3.77
£2.83
|
$5.42
ISK708
|
|
| Boneless chicken breast (1 lb) |
$3.70
£2.78
|
$8.51
ISK1,111
|
|
| Apples (1 lb) |
$1.23
£0.92
|
$1.22
ISK160
|
|
| Bananas (1 lb) |
$0.67
£0.50
|
$1.03
ISK134
|
|
| Oranges (1 lb) |
$1.26
£0.95
|
$1.17
ISK153
|
|
| Tomatoes (1 lb) |
$1.42
£1.06
|
$1.87
ISK245
|
|
| Potatoes (1 lb) |
$0.65
£0.49
|
$1.23
ISK161
|
|
| Onions (1 lb) |
$0.65
£0.49
|
$0.78
ISK102
|
|
pay 9.0% more for transportation
|
United Kingdom
|
Iceland
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$7.07
£5.32
|
$8.36
ISK1,092
|
|
| Monthly public transit pass |
$98.23
£73.84
|
$71.28
ISK9,310
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$34,832.80
£26,182.21
|
$40,660.66
ISK5,310,689
|
|
| Taxi trip in downtown area (5 miles) |
$17.15
£12.89
|
$22.04
ISK2,878
|
|
pay 25.8% more for housing
|
United Kingdom
|
Iceland
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$39.40
£29.62
|
$72.17
ISK9,427
|
|
| 1-Bedroom apartment in downtown area |
$1,243.58
£934.74
|
$1,838.04
ISK240,066
|
|
| 1-Bedroom apartment outside city center |
$1,020.84
£767.32
|
$1,497.77
ISK195,624
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$229.21
£172.29
|
$58.01
ISK7,577
|
|
pay 75.3% less for childcare
|
United Kingdom
|
Iceland
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$1,497.56
£1,125.65
|
$258.16
ISK33,719
|
|
| Middle school for 1 child, two semesters |
$18,629.32
£14,002.81
|
$5,993.99
ISK782,876
|
|
pay 18.0% more for entertainment and sports
|
United Kingdom
|
Iceland
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$5.63
£4.23
|
$9.19
ISK1,200
|
|
| Cappuccino in mid-range area |
$4.12
£3.10
|
$4.65
ISK607
|
|
|
Pack of cigarettes
Marlboro or similar
|
$17.47
£13.13
|
$11.76
ISK1,535
|
|
| Monthly membership at local gym |
$45.31
£34.06
|
$61.46
ISK8,027
|
|
| Movie ticket to theater/cinema |
$12.89
£9.69
|
$14.35
ISK1,874
|
|
pay 61.3% more for clothing
|
United Kingdom
|
Iceland
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$78.43
£58.95
|
$111.23
ISK14,528
|
|
|
Regular dress
from H&M or similar store
|
$40.13
£30.16
|
$59.69
ISK7,796
|
|
|
Running shoes
Nike or Adidas
|
$90.36
£67.92
|
$148.00
ISK19,330
|
|
| Men's business shoes (leather) |
$96.72
£72.70
|
$184.49
ISK24,097
|
|
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