Cost of Living Comparison Between London and Reykjavik 
| Indices Difference |  |
|---|---|
| Consumer Prices in Reykjavik are 8.5% higher than in London (without rent) | |
| Consumer Prices Including Rent in Reykjavik are 12.2% lower than in London | |
| Rent Prices in Reykjavik are 37.8% lower than in London | |
| Restaurant Prices in Reykjavik are 9.8% higher than in London | |
| Groceries Prices in Reykjavik are 39.7% higher than in London | |
| Local Purchasing Power in Reykjavik is 3.9% higher than in London | |
Restaurants | London Edit |
Reykjavik Edit | Difference |
|---|---|---|---|
| Meal, Inexpensive Restaurant |
25.04 $ (20.00 £) |
21.04 $ (2,945.00 kr) |
-16.0 % |
| Meal for 2 People, Mid-range Restaurant, Three-course |
100.17 $ (80.00 £) |
123.25 $ (17,250.00 kr) |
+23.0 % |
| McMeal at McDonalds (or Equivalent Combo Meal) |
10.02 $ (8.00 £) |
16.79 $ (2,350.00 kr) |
+67.6 % |
| Domestic Beer (1 pint draught) |
8.14 $ (6.50 £) |
10.72 $ (1,500.00 kr) |
+31.7 % |
| Imported Beer (12 oz small bottle) |
6.89 $ (5.50 £) |
8.93 $ (1,250.00 kr) |
+29.7 % |
| Cappuccino (regular) |
4.49 $ (3.58 £) |
5.08 $ (711.24 kr) |
+13.3 % |
| Coke/Pepsi (12 oz small bottle) |
2.43 $ (1.94 £) |
2.88 $ (403.14 kr) |
+18.3 % |
| Water (12 oz small bottle) |
1.98 $ (1.58 £) |
2.06 $ (288.06 kr) |
+4.0 % |
Markets | London Edit |
Reykjavik Edit | |
| Milk (regular), (1 gallon) |
6.20 $ (4.95 £) |
6.12 $ (856.77 kr) |
-1.2 % |
| Loaf of Fresh White Bread (1 lb) |
1.78 $ (1.42 £) |
3.32 $ (464.58 kr) |
+86.9 % |
| Rice (white), (1 lb) |
1.13 $ (0.90 £) |
1.48 $ (207.81 kr) |
+31.7 % |
| Eggs (regular) (12) |
4.12 $ (3.29 £) |
5.87 $ (821.68 kr) |
+42.6 % |
| Local Cheese (1 lb) |
4.35 $ (3.48 £) |
6.90 $ (965.37 kr) |
+58.4 % |
| Chicken Fillets (1 lb) |
4.32 $ (3.45 £) |
8.81 $ (1,232.99 kr) |
+103.7 % |
| Beef Round (1 lb) (or Equivalent Back Leg Red Meat) |
7.20 $ (5.75 £) |
14.16 $ (1,982.11 kr) |
+96.6 % |
| Apples (1 lb) |
1.39 $ (1.11 £) |
1.52 $ (212.21 kr) |
+9.0 % |
| Banana (1 lb) |
0.72 $ (0.58 £) |
0.96 $ (134.26 kr) |
+32.4 % |
| Oranges (1 lb) |
1.48 $ (1.18 £) |
1.25 $ (175.06 kr) |
-15.4 % |
| Tomato (1 lb) |
1.71 $ (1.37 £) |
2.21 $ (309.60 kr) |
+29.4 % |
| Potato (1 lb) |
0.71 $ (0.57 £) |
1.41 $ (196.68 kr) |
+97.0 % |
| Onion (1 lb) |
0.68 $ (0.54 £) |
1.00 $ (140.44 kr) |
+47.8 % |
| Lettuce (1 head) |
1.16 $ (0.92 £) |
3.14 $ (439.56 kr) |
+171.5 % |
| Water (1.5 liter bottle) |
1.57 $ (1.25 £) |
2.01 $ (281.00 kr) |
+27.8 % |
| Bottle of Wine (Mid-Range) |
11.58 $ (9.25 £) |
19.64 $ (2,749.50 kr) |
+69.6 % |
| Domestic Beer (0.5 liter bottle) |
2.57 $ (2.05 £) |
3.10 $ (434.15 kr) |
+20.7 % |
| Imported Beer (12 oz small bottle) |
3.02 $ (2.41 £) |
2.54 $ (355.89 kr) |
-15.7 % |
| Cigarettes 20 Pack (Marlboro) |
18.78 $ (15.00 £) |
11.79 $ (1,650.00 kr) |
-37.2 % |
Transportation | London Edit |
Reykjavik Edit | |
| One-way Ticket (Local Transport) |
3.51 $ (2.80 £) |
4.07 $ (570.00 kr) |
+16.2 % |
| Monthly Pass (Regular Price) |
250.42 $ (200.00 £) |
66.45 $ (9,300.00 kr) |
-73.5 % |
| Taxi Start (Normal Tariff) |
5.01 $ (4.00 £) |
5.22 $ (730.00 kr) |
+4.1 % |
| Taxi 1 mile (Normal Tariff) |
3.92 $ (3.13 £) |
3.73 $ (521.43 kr) |
-5.1 % |
| Taxi 1hour Waiting (Normal Tariff) |
37.56 $ (30.00 £) |
68.81 $ (9,630.00 kr) |
+83.2 % |
| Gasoline (1 gallon) |
7.20 $ (5.75 £) |
8.53 $ (1,194.08 kr) |
+18.5 % |
| Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) |
34,157.73 $ (27,280.00 £) |
41,368.96 $ (5,790,000.00 kr) |
+21.1 % |
| Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) |
32,380.50 $ (25,860.62 £) |
43,492.30 $ (6,087,181.82 kr) |
+34.3 % |
Utilities (Monthly) | London Edit |
Reykjavik Edit | |
| Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment |
359.40 $ (287.04 £) |
83.71 $ (11,716.46 kr) |
-76.7 % |
| Mobile Phone Monthly Plan with Calls and 10GB+ Data |
18.95 $ (15.13 £) |
23.25 $ (3,254.67 kr) |
+22.7 % |
| Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) |
38.97 $ (31.12 £) |
68.00 $ (9,517.42 kr) |
+74.5 % |
Sports And Leisure | London Edit |
Reykjavik Edit | |
| Fitness Club, Monthly Fee for 1 Adult |
58.87 $ (47.02 £) |
65.04 $ (9,103.59 kr) |
+10.5 % |
| Tennis Court Rent (1 Hour on Weekend) |
17.42 $ (13.91 £) |
28.68 $ (4,014.29 kr) |
+64.7 % |
| Cinema, International Release, 1 Seat |
18.78 $ (15.00 £) |
14.29 $ (2,000.00 kr) |
-23.9 % |
Childcare | London Edit |
Reykjavik Edit | |
| Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child |
2,304.32 $ (1,840.34 £) |
250.59 $ (35,073.00 kr) |
-89.1 % |
| International Primary School, Yearly for 1 Child |
25,110.89 $ (20,054.76 £) |
5,942.17 $ (831,666.67 kr) |
-76.3 % |
Clothing And Shoes | London Edit |
Reykjavik Edit | |
| 1 Pair of Jeans (Levis 501 Or Similar) |
102.98 $ (82.24 £) |
104.19 $ (14,582.11 kr) |
+1.2 % |
| 1 Summer Dress in a Chain Store (Zara, H&M, ...) |
50.04 $ (39.97 £) |
43.42 $ (6,077.50 kr) |
-13.2 % |
| 1 Pair of Nike Running Shoes (Mid-Range) |
110.76 $ (88.46 £) |
140.92 $ (19,722.73 kr) |
+27.2 % |
| 1 Pair of Men Leather Business Shoes |
117.49 $ (93.83 £) |
180.84 $ (25,310.62 kr) |
+53.9 % |
Rent Per Month | London Edit |
Reykjavik Edit | |
| Apartment (1 bedroom) in City Centre |
2,802.24 $ (2,238.00 £) |
1,851.08 $ (259,077.12 kr) |
-33.9 % |
| Apartment (1 bedroom) Outside of Centre |
2,034.27 $ (1,624.67 £) |
1,654.36 $ (231,544.86 kr) |
-18.7 % |
| Apartment (3 bedrooms) in City Centre |
5,412.11 $ (4,322.37 £) |
2,686.24 $ (375,965.52 kr) |
-50.4 % |
| Apartment (3 bedrooms) Outside of Centre |
3,594.89 $ (2,871.05 £) |
2,388.87 $ (334,346.15 kr) |
-33.5 % |
Buy Apartment Price | London Edit |
Reykjavik Edit | |
| Price per Square Feet to Buy Apartment in City Centre |
1,641.78 $ (1,311.20 £) |
587.60 $ (82,240.62 kr) |
-64.2 % |
| Price per Square Feet to Buy Apartment Outside of Centre |
897.11 $ (716.48 £) |
467.91 $ (65,489.17 kr) |
-47.8 % |
Salaries And Financing | London Edit |
Reykjavik Edit | |
| Average Monthly Net Salary (After Tax) |
4,018.68 $ (3,209.51 £) |
3,668.05 $ (513,380.43 kr) |
-8.7 % |
| Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate | 5.60 | 8.14 | +45.5 % |
| Last update: | April 2024 | April 2024 | |
| Contributors in the past 12 months: | 914 | 162 |
Moving to London? Explore:
Moving to Reykjavik? Explore:
Cities near London: | Cost of Living in Westminster | 2.09 miles |
| Cost of Living in Southwark | 3.41 miles |
| Cost of Living in Ealing | 10.41 miles |
| Cost of Living in Croydon | 11.15 miles |
| Cost of Living in Kingston upon Thames | 11.19 miles |
| Cost of Living in Barnet | 16.17 miles |
| Cost of Living in Watford | 20.33 miles |
| Cost of Living in Slough | 22.72 miles |
| Cost of Living in Harlow | 24.88 miles |
| Cost of Living in Welwyn Garden City | 25.71 miles |
Cities near Reykjavik: | Cost of Living in Hafnarfjorour | 6.29 miles |
| Cost of Living in Akranes | 29.20 miles |
| Cost of Living in Grindavik | 31.33 miles |
| Cost of Living in Grundarfjordur | 108.80 miles |
| Cost of Living in Kirkjubaejarklaustur | 159.08 miles |
| Cost of Living in Hofsos | 210.99 miles |