Cost of living comparison

United Kingdom

compared to

Iceland

Reykjavik vs. Warwick Cost of Living Summary

Reykjavik is 48.3% more expensive than Warwick.

Restaurants: pay 87.0% more in Reykjavik
Groceries: pay 77.2% more in Reykjavik
Transportation: pay 7.5% less in Reykjavik
Housing: pay 56.4% more in Reykjavik
Childcare: pay 14.7% less in Reykjavik
Entertainment and Sports: pay 53.8% more in Reykjavik
Clothing: pay 85.7% more in Reykjavik

The cost of restaurants, clothing, groceries, housing, and entertainment and sports in Reykjavik are more expensive than in Warwick. Expenses including childcare and transportation are lower in Reykjavik. Notably, restaurants, clothing, and groceries are significantly more expensive in Reykjavik.

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Reykjavik vs. Warwick Cost Breakdown

If you lived in Reykjavik instead of Warwick, you would:

Display currency: USD

pay 87.0% more for restaurants

	Warwick	Reykjavik
Basic meal with drink at inexpensive restaurant	$19.82 £14.97	$31.06 ISK3,787	+56.7%
Fast food combo meal McDonalds, or similar	$10.57 £7.98	$26.97 ISK3,288	+155.1%
Bottle of Coca-Cola (11 fl. oz)	$2.09 £1.58	$3.31 ISK404	+58.7%
Bottle of water (11 fl. oz)	$1.75 £1.32	$3.11 ISK379	+77.4%
Average			+87.0%

Warwick vs. Reykjavik - Cost of restaurants

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pay 77.2% more for groceries

	Warwick	Reykjavik
Bread 1 loaf	$1.85 £1.40	$4.19 ISK511	+126.6%
Local cheese (8 oz)	$5.48 £4.14	$10.93 ISK1,333	+99.5%
Milk (1 gallon)	$6.32 £4.77	$7.78 ISK948	+23.0%
Eggs 1 dozen	$4.62 £3.49	$7.08 ISK863	+53.2%
Boneless chicken breast (1 lb)	$3.69 £2.79	$11.00 ISK1,342	+198.1%
Apples (1 lb)	$1.48 £1.12	$1.50 ISK183	+1.8%
Bananas (1 lb)	$0.80 £0.60	$1.27 ISK155	+59.3%
Oranges (1 lb)	$1.25 £0.94	$1.46 ISK178	+16.8%
Tomatoes (1 lb)	$1.42 £1.07	$2.93 ISK358	+106.7%
Potatoes (1 lb)	$0.66 £0.50	$1.78 ISK216	+169.3%
Onions (1 lb)	$0.80 £0.60	$0.76 ISK92	-5.4%
Average			+77.2%

Warwick vs. Reykjavik - Cost of groceries

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pay 7.5% less for transportation

	Warwick	Reykjavik
Gasoline (1 gallon)	$7.70 £5.82	$7.76 ISK947	+0.8%
Monthly public transit pass	$168.35 £127.12	$94.80 ISK11,559	-43.7%
New Volkswagen Golf 1.4 (standard edition)	$38,182.92 £28,832.53	$50,588.43 ISK6M	+32.5%
Taxi trip in downtown area (5 miles)	$36.38 £27.47	$29.26 ISK3,567	-19.6%
Average			-7.5%

Warwick vs. Reykjavik - Cost of transportation

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pay 56.4% more for housing

	Warwick	Reykjavik
Internet connection 50 mbps or faster, cable/dsl	$46.25 £34.92	$86.01 ISK10,487	+86.0%
1-Bedroom apartment in downtown area	$1,183.79 £893.90	$2,522.88 ISK308K	+113.1%
1-Bedroom apartment outside city center	$1,024.11 £773.32	$2,032.25 ISK248K	+98.4%
Utilities for two (700 sq ft apartment) including electric, gas, water, heating	$260.04 £196.36	$73.44 ISK8,954	-71.8%
Average			+56.4%

Warwick vs. Reykjavik - Cost of housing

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pay 14.7% less for childcare

	Warwick	Reykjavik
Private preschool for 1 child, monthly	$1,916.08 £1,446.87	$1,185.23 ISK145K	-38.1%
Middle school for 1 child, two semesters	$23,785.86 £17,961.09	$25,853.51 ISK3M	+8.7%
Average			-14.7%

Warwick vs. Reykjavik - Cost of childcare

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pay 53.8% more for entertainment and sports

	Warwick	Reykjavik
Domestic/local beer (1 pint)	$5.81 £4.39	$13.89 ISK1,694	+139.0%
Cappuccino in mid-range area	$4.71 £3.56	$6.74 ISK822	+43.1%
Pack of cigarettes Marlboro or similar	$23.46 £17.71	$13.89 ISK1,694	-40.8%
Monthly membership at local gym	$55.83 £42.16	$100.25 ISK12,224	+79.6%
Movie ticket to theater/cinema	$13.20 £9.97	$19.57 ISK2,387	+48.3%
Average			+53.8%

Warwick vs. Reykjavik - Cost of entertainment and sports

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pay 85.7% more for clothing

	Warwick	Reykjavik
Regular jeans Levi's brand	$85.89 £64.86	$149.01 ISK18,169	+73.5%
Regular dress from H&M or similar store	$39.64 £29.94	$65.79 ISK8,022	+66.0%
Running shoes Nike or Adidas	$103.07 £77.83	$181.84 ISK22,172	+76.4%
Men's business shoes (leather)	$109.68 £82.82	$248.81 ISK30,337	+126.9%
Average			+85.7%

Warwick vs. Reykjavik - Cost of clothing

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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: October 2026

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