Cost of living comparison
compared to
Iceland vs. United Kingdom Cost of Living Summary
Iceland is 43.0% more expensive than United Kingdom overall.
- Restaurants
-
pay 60.9% more in Iceland
- Groceries
-
pay 77.1% more in Iceland
- Transportation
-
pay 16.4% more in Iceland
- Housing
-
pay 51.6% more in Iceland
- Childcare
-
pay 9.8% less in Iceland
- Entertainment and Sports
-
pay 30.3% more in Iceland
- Clothing
-
pay 74.6% more in Iceland
The cost of groceries, clothing, restaurants, housing, entertainment and sports, and transportation in Iceland are more expensive than in United Kingdom. Notably, groceries is significantly more expensive in Iceland.
Iceland vs. United Kingdom Cost Breakdown
If you lived in Iceland instead of United Kingdom, you would:
pay 60.9% more for restaurants
|
United Kingdom
|
Iceland
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$20.41
£15.41
|
$26.52
ISK3,394
|
|
|
Fast food combo meal
McDonalds, or similar
|
$9.94
£7.51
|
$21.32
ISK2,728
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$2.32
£1.75
|
$3.11
ISK398
|
|
| Bottle of water (11 fl. oz) |
$1.65
£1.24
|
$2.72
ISK348
|
|
United Kingdom vs. Iceland - Cost of restaurants
pay 77.1% more for groceries
|
United Kingdom
|
Iceland
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$1.59
£1.20
|
$3.80
ISK487
|
|
| Local cheese (8 oz) |
$4.71
£3.55
|
$9.44
ISK1,208
|
|
| Milk (1 gallon) |
$6.20
£4.68
|
$7.78
ISK996
|
|
|
Eggs
1 dozen
|
$3.87
£2.92
|
$6.71
ISK859
|
|
| Boneless chicken breast (1 lb) |
$3.87
£2.92
|
$11.22
ISK1,436
|
|
| Apples (1 lb) |
$1.32
£1.00
|
$1.50
ISK191
|
|
| Bananas (1 lb) |
$0.73
£0.55
|
$1.15
ISK147
|
|
| Oranges (1 lb) |
$1.28
£0.97
|
$1.41
ISK181
|
|
| Tomatoes (1 lb) |
$1.49
£1.13
|
$2.34
ISK300
|
|
| Potatoes (1 lb) |
$0.72
£0.54
|
$1.65
ISK211
|
|
| Onions (1 lb) |
$0.71
£0.54
|
$1.09
ISK140
|
|
United Kingdom vs. Iceland - Cost of groceries
pay 16.4% more for transportation
|
United Kingdom
|
Iceland
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$7.22
£5.45
|
$9.65
ISK1,235
|
|
| Monthly public transit pass |
$99.05
£74.80
|
$79.56
ISK10,182
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$36,224.29
£27,355.86
|
$49,144.25
ISK6,289,481
|
|
| Taxi trip in downtown area (5 miles) |
$22.08
£16.67
|
$25.55
ISK3,270
|
|
United Kingdom vs. Iceland - Cost of transportation
pay 51.6% more for housing
|
United Kingdom
|
Iceland
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$41.90
£31.64
|
$95.65
ISK12,241
|
|
| 1-Bedroom apartment in downtown area |
$1,285.79
£971.00
|
$2,289.17
ISK292,968
|
|
| 1-Bedroom apartment outside city center |
$1,062.09
£802.07
|
$1,830.04
ISK234,209
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$233.57
£176.39
|
$65.15
ISK8,338
|
|
United Kingdom vs. Iceland - Cost of housing
pay 9.8% less for childcare
|
United Kingdom
|
Iceland
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$1,530.71
£1,155.97
|
$334.67
ISK42,830
|
|
| Middle school for 1 child, two semesters |
$19,375.12
£14,631.70
|
$30,711.08
ISK3,930,404
|
|
United Kingdom vs. Iceland - Cost of childcare
pay 30.3% more for entertainment and sports
|
United Kingdom
|
Iceland
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$6.35
£4.79
|
$11.14
ISK1,426
|
|
| Cappuccino in mid-range area |
$4.54
£3.43
|
$5.62
ISK720
|
|
|
Pack of cigarettes
Marlboro or similar
|
$19.18
£14.48
|
$13.90
ISK1,778
|
|
| Monthly membership at local gym |
$49.26
£37.20
|
$78.17
ISK10,004
|
|
| Movie ticket to theater/cinema |
$13.88
£10.48
|
$16.75
ISK2,144
|
|
United Kingdom vs. Iceland - Cost of entertainment and sports
pay 74.6% more for clothing
|
United Kingdom
|
Iceland
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$86.00
£64.94
|
$130.91
ISK16,753
|
|
|
Regular dress
from H&M or similar store
|
$44.20
£33.38
|
$61.83
ISK7,913
|
|
|
Running shoes
Nike or Adidas
|
$95.21
£71.90
|
$163.81
ISK20,965
|
|
| Men's business shoes (leather) |
$101.36
£76.54
|
$237.31
ISK30,371
|
|
United Kingdom vs. Iceland - Cost of clothing
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
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