Cost of living comparison
Iceland is 25.7% more expensive than United Kingdom.
If you lived in Iceland instead of United Kingdom, you would:
pay 38.1% more for restaurants
|
United Kingdom
|
Iceland
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$16.45
£13.65
|
$15.00
kr2,051
|
|
|
Fast food combo meal
McDonalds, or similar
|
$7.12
£5.91
|
$12.33
kr1,686
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$1.71
£1.42
|
$2.20
kr301
|
|
| Bottle of water (11 fl. oz) |
$1.25
£1.04
|
$2.00
kr274
|
|
pay 68.9% more for groceries
|
United Kingdom
|
Iceland
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$1.19
£0.99
|
$3.14
kr430
|
|
| Local cheese (8 oz) |
$3.41
£2.83
|
$5.86
kr801
|
|
| Milk (1 gallon) |
$4.30
£3.57
|
$5.16
kr706
|
|
|
Eggs
1 dozen
|
$2.38
£1.98
|
$5.51
kr754
|
|
| Boneless chicken breast (1 lb) |
$3.06
£2.54
|
$7.10
kr971
|
|
| Apples (1 lb) |
$1.02
£0.85
|
$1.19
kr163
|
|
| Bananas (1 lb) |
$0.63
£0.52
|
$1.08
kr148
|
|
| Oranges (1 lb) |
$0.95
£0.79
|
$1.13
kr155
|
|
| Tomatoes (1 lb) |
$1.15
£0.95
|
$1.70
kr233
|
|
| Potatoes (1 lb) |
$0.63
£0.52
|
$1.01
kr139
|
|
| Onions (1 lb) |
$0.55
£0.45
|
$0.66
kr91
|
|
pay 10.6% more for transportation
|
United Kingdom
|
Iceland
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$7.17
£5.95
|
$7.21
kr986
|
|
| Monthly public transit pass |
$92.01
£76.36
|
$85.09
kr11,636
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$24,219.88
£20,098.72
|
$27,857.83
kr3,809,558
|
|
| Taxi trip in downtown area (5 miles) |
$15.92
£13.21
|
$21.37
kr2,922
|
|
pay 25.0% more for housing
|
United Kingdom
|
Iceland
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$37.70
£31.29
|
$66.89
kr9,148
|
|
| 1-Bedroom apartment in downtown area |
$1,003.85
£833.04
|
$1,349.42
kr184,533
|
|
| 1-Bedroom apartment outside city center |
$804.91
£667.95
|
$1,143.63
kr156,391
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$154.44
£128.16
|
$70.86
kr9,690
|
|
pay 78.7% less for childcare
|
United Kingdom
|
Iceland
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$1,113.22
£923.80
|
$277.52
kr37,951
|
|
| Middle school for 1 child, two semesters |
$15,982.03
£13,262.59
|
$2,822.44
kr385,968
|
|
pay 25.6% more for entertainment and sports
|
United Kingdom
|
Iceland
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$4.58
£3.80
|
$7.85
kr1,074
|
|
| Cappuccino in mid-range area |
$3.39
£2.81
|
$4.10
kr561
|
|
|
Pack of cigarettes
Marlboro or similar
|
$13.94
£11.57
|
$11.37
kr1,555
|
|
| Monthly membership at local gym |
$40.99
£34.02
|
$63.31
kr8,658
|
|
| Movie ticket to theater/cinema |
$11.75
£9.75
|
$11.69
kr1,599
|
|
pay 90.6% more for clothing
|
United Kingdom
|
Iceland
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$71.73
£59.53
|
$117.41
kr16,056
|
|
|
Regular dress
from H&M or similar store
|
$36.82
£30.56
|
$55.13
kr7,539
|
|
|
Running shoes
Nike or Adidas
|
$76.65
£63.61
|
$156.49
kr21,401
|
|
| Men's business shoes (leather) |
$78.28
£64.96
|
$191.54
kr26,193
|
|
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