Iceland is 22.3% more expensive than United Kingdom.

If you lived in Iceland instead of United Kingdom, you would:

pay 44.4% more for restaurants

 
United Kingdom
Iceland
Basic meal with drink at inexpensive restaurant $17.09
£13.45
$17.84
kr2,476
Fast food combo meal
McDonalds, or similar
$7.46
£5.88
$14.27
kr1,981
Bottle of Coca-Cola (11 fl. oz) $1.84
£1.45
$2.32
kr322

Improve prices ·

pay 61.8% more for groceries

 
United Kingdom
Iceland
Bread
1 loaf
$1.25
£0.98
$3.42
kr475
Local cheese (8 oz) $3.60
£2.84
$5.98
kr830
Milk (1 gallon) $4.68
£3.68
$5.33
kr739

Improve prices ·

pay 14.7% more for transportation

 
United Kingdom
Iceland
Gasoline (1 gallon) $7.31
£5.76
$8.03
kr1,115
Monthly public transit pass $91.63
£72.16
$77.40
kr10,745
New Volkswagen Golf 1.4 (standard edition) $25,486.21
£20,069.48
$29,836.83
kr4,142,247

Improve prices ·

pay 21.2% more for housing

 
United Kingdom
Iceland
Internet connection
50 mbps or faster, cable/dsl
$37.72
£29.71
$62.40
kr8,663
1-Bedroom apartment in downtown area $1,053.04
£829.23
$1,437.14
kr199,519
1-Bedroom apartment outside city center $836.18
£658.46
$1,215.63
kr168,765

Improve prices ·

pay 80.8% less for childcare

 
United Kingdom
Iceland
Private preschool for 1 child, monthly $1,186.33
£934.19
$259.34
kr36,005
Middle school for 1 child, two semesters $16,551.73
£13,033.89
$2,750.10
kr381,796

Improve prices ·

pay 19.7% more for entertainment and sports

 
United Kingdom
Iceland
Domestic/local beer (1 pint) $4.95
£3.90
$8.52
kr1,183
Cappuccino in mid-range area $3.59
£2.83
$4.15
kr577
Pack of cigarettes
Marlboro or similar
$14.82
£11.67
$10.64
kr1,476

Improve prices ·

pay 74.9% more for clothing

 
United Kingdom
Iceland
Regular jeans
Levi's brand
$73.74
£58.07
$118.08
kr16,392
Regular dress
from H&M or similar store
$38.00
£29.92
$50.39
kr6,995
Running shoes
Nike or Adidas
$79.51
£62.61
$151.12
kr20,980

Improve prices ·
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 2023
Share this

ASK THE ELSEWHERE COMMUNITY

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

Compare by city

For example, try comparing the cost of living in London vs. Reykjavik

Help us improve these prices

MyLifeElsewhere is a collaborative project. Please enter price information for your location (Ashburn, VA, United States) to help assist us in making these comparisons more accurate. Learn more