Cost of living comparison
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
|
|
| Bottle of water (11 fl. oz) |
$1.36
£1.07
|
$2.12
kr295
|
|
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
|
|
|
Eggs
1 dozen
|
$2.58
£2.03
|
$5.66
kr786
|
|
| Boneless chicken breast (1 lb) |
$3.16
£2.49
|
$7.09
kr985
|
|
| Apples (1 lb) |
$1.05
£0.83
|
$1.16
kr161
|
|
| Bananas (1 lb) |
$0.63
£0.50
|
$0.98
kr136
|
|
| Oranges (1 lb) |
$0.99
£0.78
|
$1.17
kr163
|
|
| Tomatoes (1 lb) |
$1.17
£0.92
|
$1.84
kr255
|
|
| Potatoes (1 lb) |
$0.63
£0.50
|
$0.96
kr133
|
|
| Onions (1 lb) |
$0.58
£0.45
|
$0.51
kr71
|
|
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
|
|
| Taxi trip in downtown area (5 miles) |
$16.30
£12.83
|
$23.97
kr3,327
|
|
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
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$183.29
£144.34
|
$68.63
kr9,528
|
|
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
|
|
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
|
|
| Monthly membership at local gym |
$41.78
£32.90
|
$56.90
kr7,900
|
|
| Movie ticket to theater/cinema |
$11.97
£9.43
|
$12.27
kr1,704
|
|
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
|
|
| Men's business shoes (leather) |
$80.83
£63.65
|
$175.20
kr24,323
|
|
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