Cost of Living Comparison Between London and Reykjavik 
| Indices Difference |  |
|---|---|
| Cost of Living in Reykjavik is 7.4% higher than in London (without rent) | |
| Cost of Living Including Rent in Reykjavik is 12.4% lower than in London | |
| Rent Prices in Reykjavik are 37.3% lower than in London | |
| Restaurant Prices in Reykjavik are 9.3% higher than in London | |
| Groceries Prices in Reykjavik are 38.2% higher than in London | |
| Local Purchasing Power in Reykjavik is 5.0% lower than in London | |
Restaurants | London Edit |
Reykjavik Edit | Difference |
|---|---|---|---|
| Meal, Inexpensive Restaurant |
20.00 £ (3,511.49 kr) |
17.09 £ (3,000.00 kr) |
-14.6 % |
| Meal for 2 People, Mid-range Restaurant, Three-course |
80.00 £ (14,045.97 kr) |
96.82 £ (17,000.00 kr) |
+21.0 % |
| McMeal at McDonalds (or Equivalent Combo Meal) |
8.00 £ (1,404.60 kr) |
13.67 £ (2,400.00 kr) |
+70.9 % |
| Domestic Beer (1 pint draught) |
6.50 £ (1,141.24 kr) |
8.54 £ (1,500.00 kr) |
+31.4 % |
| Imported Beer (12 oz small bottle) |
5.50 £ (965.66 kr) |
7.12 £ (1,250.00 kr) |
+29.4 % |
| Cappuccino (regular) |
3.61 £ (634.68 kr) |
4.03 £ (706.88 kr) |
+11.4 % |
| Coke/Pepsi (12 oz small bottle) |
2.05 £ (359.37 kr) |
2.32 £ (407.11 kr) |
+13.3 % |
| Water (12 oz small bottle) |
1.60 £ (281.59 kr) |
1.67 £ (292.38 kr) |
+3.8 % |
Markets | London Edit |
Reykjavik Edit | |
| Milk (regular), (1 gallon) |
4.95 £ (868.69 kr) |
4.88 £ (856.52 kr) |
-1.4 % |
| Loaf of Fresh White Bread (1 lb) |
1.40 £ (245.93 kr) |
2.65 £ (464.58 kr) |
+88.9 % |
| Rice (white), (1 lb) |
0.94 £ (164.76 kr) |
1.18 £ (207.81 kr) |
+26.1 % |
| Eggs (regular) (12) |
3.20 £ (561.03 kr) |
4.68 £ (821.68 kr) |
+46.5 % |
| Local Cheese (1 lb) |
3.47 £ (608.37 kr) |
5.50 £ (965.37 kr) |
+58.7 % |
| Chicken Fillets (1 lb) |
3.42 £ (600.45 kr) |
7.02 £ (1,233.09 kr) |
+105.4 % |
| Beef Round (1 lb) (or Equivalent Back Leg Red Meat) |
5.52 £ (968.39 kr) |
11.29 £ (1,982.11 kr) |
+104.7 % |
| Apples (1 lb) |
1.20 £ (210.22 kr) |
1.21 £ (212.21 kr) |
+1.0 % |
| Banana (1 lb) |
0.60 £ (104.89 kr) |
0.77 £ (134.62 kr) |
+28.3 % |
| Oranges (1 lb) |
1.20 £ (211.46 kr) |
1.00 £ (175.06 kr) |
-17.2 % |
| Tomato (1 lb) |
1.50 £ (263.67 kr) |
1.76 £ (309.60 kr) |
+17.4 % |
| Potato (1 lb) |
0.57 £ (99.96 kr) |
1.12 £ (196.68 kr) |
+96.8 % |
| Onion (1 lb) |
0.53 £ (92.80 kr) |
0.80 £ (140.44 kr) |
+51.3 % |
| Lettuce (1 head) |
0.97 £ (170.37 kr) |
2.50 £ (439.56 kr) |
+158.0 % |
| Water (1.5 liter bottle) |
1.30 £ (227.68 kr) |
1.60 £ (281.00 kr) |
+23.4 % |
| Bottle of Wine (Mid-Range) |
9.50 £ (1,667.96 kr) |
15.66 £ (2,749.50 kr) |
+64.8 % |
| Domestic Beer (0.5 liter bottle) |
2.13 £ (373.24 kr) |
2.47 £ (434.15 kr) |
+16.3 % |
| Imported Beer (12 oz small bottle) |
2.44 £ (427.56 kr) |
2.03 £ (355.89 kr) |
-16.8 % |
| Cigarettes 20 Pack (Marlboro) |
15.00 £ (2,633.62 kr) |
9.40 £ (1,650.00 kr) |
-37.3 % |
Transportation | London Edit |
Reykjavik Edit | |
| One-way Ticket (Local Transport) |
2.80 £ (491.61 kr) |
3.25 £ (570.00 kr) |
+15.9 % |
| Monthly Pass (Regular Price) |
200.00 £ (35,114.94 kr) |
52.97 £ (9,300.00 kr) |
-73.5 % |
| Taxi Start (Normal Tariff) |
4.50 £ (790.09 kr) |
4.16 £ (730.00 kr) |
-7.6 % |
| Taxi 1 mile (Normal Tariff) |
3.13 £ (550.31 kr) |
2.87 £ (504.53 kr) |
-8.3 % |
| Taxi 1hour Waiting (Normal Tariff) |
30.00 £ (5,267.24 kr) |
54.85 £ (9,630.00 kr) |
+82.8 % |
| Gasoline (1 gallon) |
5.72 £ (1,004.32 kr) |
6.79 £ (1,191.65 kr) |
+18.7 % |
| Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) |
26,955.00 £ (4,732,615.50 kr) |
32,977.42 £ (5,790,000.00 kr) |
+22.3 % |
| Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) |
25,860.62 £ (4,540,470.96 kr) |
34,350.06 £ (6,031,000.00 kr) |
+32.8 % |
Utilities (Monthly) | London Edit |
Reykjavik Edit | |
| Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment |
291.61 £ (51,200.10 kr) |
66.67 £ (11,706.08 kr) |
-77.1 % |
| Mobile Phone Monthly Plan with Calls and 10GB+ Data |
15.14 £ (2,657.57 kr) |
18.54 £ (3,254.67 kr) |
+22.5 % |
| Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) |
31.23 £ (5,482.53 kr) |
54.16 £ (9,509.39 kr) |
+73.4 % |
Sports And Leisure | London Edit |
Reykjavik Edit | |
| Fitness Club, Monthly Fee for 1 Adult |
45.61 £ (8,008.36 kr) |
51.85 £ (9,103.59 kr) |
+13.7 % |
| Tennis Court Rent (1 Hour on Weekend) |
14.35 £ (2,519.90 kr) |
22.86 £ (4,014.29 kr) |
+59.3 % |
| Cinema, International Release, 1 Seat |
15.00 £ (2,633.62 kr) |
11.39 £ (2,000.00 kr) |
-24.1 % |
Childcare | London Edit |
Reykjavik Edit | |
| Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child |
1,840.34 £ (323,117.21 kr) |
190.27 £ (33,406.33 kr) |
-89.7 % |
| International Primary School, Yearly for 1 Child |
20,054.76 £ (3,521,108.41 kr) |
4,736.83 £ (831,666.67 kr) |
-76.4 % |
Clothing And Shoes | London Edit |
Reykjavik Edit | |
| 1 Pair of Jeans (Levis 501 Or Similar) |
82.36 £ (14,460.15 kr) |
83.05 £ (14,582.11 kr) |
+0.8 % |
| 1 Summer Dress in a Chain Store (Zara, H&M, ...) |
39.57 £ (6,947.68 kr) |
34.43 £ (6,045.00 kr) |
-13.0 % |
| 1 Pair of Nike Running Shoes (Mid-Range) |
88.67 £ (15,567.58 kr) |
111.99 £ (19,661.90 kr) |
+26.3 % |
| 1 Pair of Men Leather Business Shoes |
97.93 £ (17,194.21 kr) |
138.25 £ (24,273.12 kr) |
+41.2 % |
Rent Per Month | London Edit |
Reykjavik Edit | |
| Apartment (1 bedroom) in City Centre |
2,131.63 £ (374,260.72 kr) |
1,489.05 £ (261,440.00 kr) |
-30.1 % |
| Apartment (1 bedroom) Outside of Centre |
1,606.72 £ (282,099.13 kr) |
1,336.04 £ (234,575.38 kr) |
-16.8 % |
| Apartment (3 bedrooms) in City Centre |
4,422.97 £ (776,562.07 kr) |
2,160.14 £ (379,266.67 kr) |
-51.2 % |
| Apartment (3 bedrooms) Outside of Centre |
2,858.97 £ (501,963.51 kr) |
1,928.06 £ (338,518.52 kr) |
-32.6 % |
Buy Apartment Price | London Edit |
Reykjavik Edit | |
| Price per Square Feet to Buy Apartment in City Centre |
1,275.48 £ (223,942.44 kr) |
474.20 £ (83,258.12 kr) |
-62.8 % |
| Price per Square Feet to Buy Apartment Outside of Centre |
739.22 £ (129,788.73 kr) |
374.48 £ (65,749.86 kr) |
-49.3 % |
Salaries And Financing | London Edit |
Reykjavik Edit | |
| Average Monthly Net Salary (After Tax) |
3,516.59 £ (617,423.79 kr) |
2,924.00 £ (513,380.43 kr) |
-16.9 % |
| Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate | 5.51 | 8.14 | +47.9 % |
| Last update: | May 2024 | May 2024 | |
| Contributors in the past 12 months: | 927 | 168 |
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 |