Cost of Living Comparison Between Iceland and United Kingdom 
| Indices Difference |  |
|---|---|
| Consumer Prices in United Kingdom are 25.9% lower than in Iceland (without rent) | |
| Consumer Prices Including Rent in United Kingdom are 24.4% lower than in Iceland | |
| Rent Prices in United Kingdom are 20.9% lower than in Iceland | |
| Restaurant Prices in United Kingdom are 27.8% lower than in Iceland | |
| Groceries Prices in United Kingdom are 36.5% lower than in Iceland | |
| Local Purchasing Power in United Kingdom is 6.2% lower than in Iceland | |
Restaurants | Iceland Edit |
United Kingdom Edit | Difference |
|---|---|---|---|
| Meal, Inexpensive Restaurant |
3,000.00 kr (17.19 £) |
2,618.49 kr (15.00 £) |
-12.7 % |
| Meal for 2 People, Mid-range Restaurant, Three-course |
16,000.00 kr (91.66 £) |
10,473.94 kr (60.00 £) |
-34.5 % |
| McMeal at McDonalds (or Equivalent Combo Meal) |
2,299.50 kr (13.17 £) |
1,221.96 kr (7.00 £) |
-46.9 % |
| Domestic Beer (1 pint draught) |
1,441.68 kr (8.26 £) |
785.55 kr (4.50 £) |
-45.5 % |
| Imported Beer (12 oz small bottle) |
1,200.00 kr (6.87 £) |
746.27 kr (4.28 £) |
-37.8 % |
| Cappuccino (regular) |
684.33 kr (3.92 £) |
553.69 kr (3.17 £) |
-19.1 % |
| Coke/Pepsi (12 oz small bottle) |
392.94 kr (2.25 £) |
302.33 kr (1.73 £) |
-23.1 % |
| Water (12 oz small bottle) |
295.67 kr (1.69 £) |
217.79 kr (1.25 £) |
-26.3 % |
Markets | Iceland Edit |
United Kingdom Edit | |
| Milk (regular), (1 gallon) |
851.36 kr (4.88 £) |
818.67 kr (4.69 £) |
-3.8 % |
| Loaf of Fresh White Bread (1 lb) |
436.03 kr (2.50 £) |
192.83 kr (1.10 £) |
-55.8 % |
| Rice (white), (1 lb) |
200.70 kr (1.15 £) |
124.16 kr (0.71 £) |
-38.1 % |
| Eggs (regular) (12) |
799.71 kr (4.58 £) |
512.05 kr (2.93 £) |
-36.0 % |
| Local Cheese (1 lb) |
922.17 kr (5.28 £) |
550.70 kr (3.15 £) |
-40.3 % |
| Chicken Fillets (1 lb) |
1,174.00 kr (6.73 £) |
518.33 kr (2.97 £) |
-55.8 % |
| Beef Round (1 lb) (or Equivalent Back Leg Red Meat) |
1,944.92 kr (11.14 £) |
834.42 kr (4.78 £) |
-57.1 % |
| Apples (1 lb) |
197.02 kr (1.13 £) |
167.66 kr (0.96 £) |
-14.9 % |
| Banana (1 lb) |
139.18 kr (0.80 £) |
90.75 kr (0.52 £) |
-34.8 % |
| Oranges (1 lb) |
171.21 kr (0.98 £) |
167.59 kr (0.96 £) |
-2.1 % |
| Tomato (1 lb) |
292.63 kr (1.68 £) |
209.46 kr (1.20 £) |
-28.4 % |
| Potato (1 lb) |
192.77 kr (1.10 £) |
88.22 kr (0.51 £) |
-54.2 % |
| Onion (1 lb) |
120.37 kr (0.69 £) |
82.84 kr (0.47 £) |
-31.2 % |
| Lettuce (1 head) |
434.00 kr (2.49 £) |
134.05 kr (0.77 £) |
-69.1 % |
| Water (1.5 liter bottle) |
293.63 kr (1.68 £) |
185.35 kr (1.06 £) |
-36.9 % |
| Bottle of Wine (Mid-Range) |
2,750.00 kr (15.75 £) |
1,396.53 kr (8.00 £) |
-49.2 % |
| Domestic Beer (0.5 liter bottle) |
439.70 kr (2.52 £) |
336.56 kr (1.93 £) |
-23.5 % |
| Imported Beer (12 oz small bottle) |
369.58 kr (2.12 £) |
414.92 kr (2.38 £) |
+12.3 % |
| Cigarettes 20 Pack (Marlboro) |
1,600.00 kr (9.17 £) |
2,269.35 kr (13.00 £) |
+41.8 % |
Transportation | Iceland Edit |
United Kingdom Edit | |
| One-way Ticket (Local Transport) |
570.00 kr (3.27 £) |
418.96 kr (2.40 £) |
-26.5 % |
| Monthly Pass (Regular Price) |
9,300.00 kr (53.28 £) |
12,143.70 kr (69.57 £) |
+30.6 % |
| Taxi Start (Normal Tariff) |
730.00 kr (4.18 £) |
523.70 kr (3.00 £) |
-28.3 % |
| Taxi 1 mile (Normal Tariff) |
487.63 kr (2.79 £) |
348.36 kr (2.00 £) |
-28.6 % |
| Taxi 1hour Waiting (Normal Tariff) |
9,360.00 kr (53.62 £) |
3,037.44 kr (17.40 £) |
-67.5 % |
| Gasoline (1 gallon) |
1,178.85 kr (6.75 £) |
993.76 kr (5.69 £) |
-15.7 % |
| Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) |
5,290,000.00 kr (30,303.77 £) |
4,937,591.88 kr (28,285.00 £) |
-6.7 % |
| Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) |
5,774,916.67 kr (33,081.62 £) |
4,346,082.27 kr (24,896.54 £) |
-24.7 % |
Utilities (Monthly) | Iceland Edit |
United Kingdom Edit | |
| Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment |
14,767.33 kr (84.59 £) |
43,918.78 kr (251.59 £) |
+197.4 % |
| Mobile Phone Monthly Plan with Calls and 10GB+ Data |
3,320.53 kr (19.02 £) |
2,158.77 kr (12.37 £) |
-35.0 % |
| Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) |
9,865.42 kr (56.51 £) |
5,329.28 kr (30.53 £) |
-46.0 % |
Sports And Leisure | Iceland Edit |
United Kingdom Edit | |
| Fitness Club, Monthly Fee for 1 Adult |
8,865.14 kr (50.78 £) |
5,664.79 kr (32.45 £) |
-36.1 % |
| Tennis Court Rent (1 Hour on Weekend) |
4,248.33 kr (24.34 £) |
1,919.31 kr (10.99 £) |
-54.8 % |
| Cinema, International Release, 1 Seat |
2,000.00 kr (11.46 £) |
1,745.66 kr (10.00 £) |
-12.7 % |
Childcare | Iceland Edit |
United Kingdom Edit | |
| Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child |
36,663.56 kr (210.03 £) |
216,883.46 kr (1,242.42 £) |
+491.6 % |
| International Primary School, Yearly for 1 Child |
776,250.00 kr (4,446.75 £) |
2,565,915.76 kr (14,698.85 £) |
+230.6 % |
Clothing And Shoes | Iceland Edit |
United Kingdom Edit | |
| 1 Pair of Jeans (Levis 501 Or Similar) |
16,025.31 kr (91.80 £) |
11,156.50 kr (63.91 £) |
-30.4 % |
| 1 Summer Dress in a Chain Store (Zara, H&M, ...) |
6,962.11 kr (39.88 £) |
5,476.97 kr (31.37 £) |
-21.3 % |
| 1 Pair of Nike Running Shoes (Mid-Range) |
21,026.67 kr (120.45 £) |
12,872.50 kr (73.74 £) |
-38.8 % |
| 1 Pair of Men Leather Business Shoes |
24,089.05 kr (137.99 £) |
13,049.20 kr (74.75 £) |
-45.8 % |
Rent Per Month | Iceland Edit |
United Kingdom Edit | |
| Apartment (1 bedroom) in City Centre |
242,713.06 kr (1,390.38 £) |
183,596.00 kr (1,051.73 £) |
-24.4 % |
| Apartment (1 bedroom) Outside of Centre |
216,067.92 kr (1,237.75 £) |
153,127.24 kr (877.19 £) |
-29.1 % |
| Apartment (3 bedrooms) in City Centre |
341,073.17 kr (1,953.84 £) |
305,762.10 kr (1,751.56 £) |
-10.4 % |
| Apartment (3 bedrooms) Outside of Centre |
308,918.92 kr (1,769.64 £) |
234,805.17 kr (1,345.08 £) |
-24.0 % |
Buy Apartment Price | Iceland Edit |
United Kingdom Edit | |
| Price per Square Feet to Buy Apartment in City Centre |
73,973.43 kr (423.76 £) |
81,296.87 kr (465.71 £) |
+9.9 % |
| Price per Square Feet to Buy Apartment Outside of Centre |
60,049.19 kr (343.99 £) |
60,955.20 kr (349.18 £) |
+1.5 % |
Salaries And Financing | Iceland Edit |
United Kingdom Edit | |
| Average Monthly Net Salary (After Tax) |
583,827.91 kr (3,344.46 £) |
414,067.64 kr (2,371.99 £) |
-29.1 % |
| Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate | 7.37 | 5.89 | -20.1 % |
| Last update: | April 2024 | May 2024 | |
| Contributors in the past 12 months: | 199 | 3696 |
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