Cost of living comparison

United Kingdom

compared to

Iceland

Reykjavik vs. Wolverhampton Cost of Living Summary

Reykjavik is 54.5% more expensive than Wolverhampton.

Restaurants: pay 96.7% more in Reykjavik
Groceries: pay 73.6% more in Reykjavik
Transportation: pay 19.2% more in Reykjavik
Housing: pay 56.8% more in Reykjavik
Childcare: pay 1.5% more in Reykjavik
Entertainment and Sports: pay 59.2% more in Reykjavik
Clothing: pay 65.5% more in Reykjavik

The cost of restaurants, groceries, clothing, entertainment and sports, housing, and transportation in Reykjavik are more expensive than in Wolverhampton. Notably, restaurants is significantly more expensive in Reykjavik.

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Reykjavik vs. Wolverhampton Cost Breakdown

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

Display currency: USD

pay 96.7% more for restaurants

	Wolverhampton	Reykjavik
Basic meal with drink at inexpensive restaurant	$20.48 £15.31	$31.06 ISK3,782	+51.6%
Fast food combo meal McDonalds, or similar	$9.25 £6.92	$26.97 ISK3,284	+191.6%
Bottle of Coca-Cola (11 fl. oz)	$2.35 £1.76	$3.31 ISK404	+40.8%
Bottle of water (11 fl. oz)	$1.39 £1.04	$3.11 ISK378	+123.9%
Average			+96.7%

Wolverhampton vs. Reykjavik - Cost of restaurants

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pay 73.6% more for groceries

	Wolverhampton	Reykjavik
Bread 1 loaf	$1.60 £1.20	$4.19 ISK511	+161.7%
Local cheese (8 oz)	$4.62 £3.45	$10.93 ISK1,331	+136.6%
Milk (1 gallon)	$6.75 £5.05	$7.78 ISK947	+15.2%
Eggs 1 dozen	$3.84 £2.87	$7.08 ISK862	+84.3%
Boneless chicken breast (1 lb)	$3.94 £2.95	$11.00 ISK1,340	+179.3%
Apples (1 lb)	$1.14 £0.85	$1.50 ISK183	+32.2%
Bananas (1 lb)	$0.78 £0.58	$1.27 ISK154	+63.3%
Oranges (1 lb)	$1.10 £0.82	$1.46 ISK178	+32.6%
Tomatoes (1 lb)	$1.61 £1.20	$2.93 ISK357	+82.7%
Potatoes (1 lb)	$0.74 £0.55	$1.78 ISK216	+141.5%
Onions (1 lb)	$0.81 £0.61	$0.76 ISK92	-6.7%
Average			+73.6%

Wolverhampton vs. Reykjavik - Cost of groceries

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pay 19.2% more for transportation

	Wolverhampton	Reykjavik
Gasoline (1 gallon)	$7.80 £5.83	$7.76 ISK946	-0.5%
Monthly public transit pass	$84.57 £63.23	$94.80 ISK11,545	+12.1%
New Volkswagen Golf 1.4 (standard edition)	$38,182.92 £28,549.06	$50,588.43 ISK6M	+32.5%
Taxi trip in downtown area (5 miles)	$15.39 £11.51	$29.26 ISK3,563	+90.1%
Average			+19.2%

Wolverhampton vs. Reykjavik - Cost of transportation

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pay 56.8% more for housing

	Wolverhampton	Reykjavik
Internet connection 50 mbps or faster, cable/dsl	$43.44 £32.48	$86.01 ISK10,474	+98.0%
1-Bedroom apartment in downtown area	$1,178.28 £880.99	$2,522.88 ISK307K	+114.1%
1-Bedroom apartment outside city center	$991.08 £741.02	$2,032.25 ISK247K	+105.1%
Utilities for two (700 sq ft apartment) including electric, gas, water, heating	$237.66 £177.70	$73.44 ISK8,943	-69.1%
Average			+56.8%

Wolverhampton vs. Reykjavik - Cost of housing

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pay 1.5% more for childcare

	Wolverhampton	Reykjavik
Private preschool for 1 child, monthly	$1,239.62 £926.85	$1,185.23 ISK144K	-4.4%
Middle school for 1 child, two semesters	$23,970.70 £17,922.70	$25,853.51 ISK3M	+7.9%
Average			+1.5%

Wolverhampton vs. Reykjavik - Cost of childcare

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pay 59.2% more for entertainment and sports

	Wolverhampton	Reykjavik
Domestic/local beer (1 pint)	$6.61 £4.94	$13.89 ISK1,692	+110.3%
Cappuccino in mid-range area	$4.79 £3.59	$6.74 ISK821	+40.6%
Pack of cigarettes Marlboro or similar	$20.61 £15.41	$13.89 ISK1,692	-32.6%
Monthly membership at local gym	$39.20 £29.31	$100.25 ISK12,209	+155.7%
Movie ticket to theater/cinema	$15.86 £11.86	$19.57 ISK2,384	+23.4%
Average			+59.2%

Wolverhampton vs. Reykjavik - Cost of entertainment and sports

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pay 65.5% more for clothing

	Wolverhampton	Reykjavik
Regular jeans Levi's brand	$105.38 £78.79	$149.01 ISK18,147	+41.4%
Regular dress from H&M or similar store	$49.14 £36.74	$65.79 ISK8,012	+33.9%
Running shoes Nike or Adidas	$107.05 £80.04	$181.84 ISK22,145	+69.9%
Men's business shoes (leather)	$106.67 £79.75	$248.81 ISK30,300	+133.3%
Average			+65.5%

Wolverhampton vs. Reykjavik - Cost of clothing

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We average the price of thousands of data points entered by users across the world. Sources: MyLifeElsewhere's cost-of-living dataset (prices updated October 2026). How we calculate this

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