Cost of Living Comparison Between Reykjavik and London 
| Indices Difference |  |
|---|---|
| Cost of Living in London is 6.6% lower than in Reykjavik (without rent) | |
| Cost of Living Including Rent in London is 15.1% higher than in Reykjavik | |
| Rent Prices in London are 61.9% higher than in Reykjavik | |
| Restaurant Prices in London are 8.0% lower than in Reykjavik | |
| Groceries Prices in London are 27.8% lower than in Reykjavik | |
| Local Purchasing Power in London is 4.3% higher than in Reykjavik | |
Restaurants | Reykjavik Edit |
London Edit | Difference |
|---|---|---|---|
| Meal, Inexpensive Restaurant |
3,000.00 kr (17.00 £) |
3,529.13 kr (20.00 £) |
+17.6 % |
| Meal for 2 People, Mid-range Restaurant, Three-course |
17,000.00 kr (96.34 £) |
14,116.51 kr (80.00 £) |
-17.0 % |
| McMeal at McDonalds (or Equivalent Combo Meal) |
2,400.00 kr (13.60 £) |
1,411.65 kr (8.00 £) |
-41.2 % |
| Domestic Beer (1 pint draught) |
1,500.00 kr (8.50 £) |
1,146.97 kr (6.50 £) |
-23.5 % |
| Imported Beer (12 oz small bottle) |
1,250.00 kr (7.08 £) |
970.51 kr (5.50 £) |
-22.4 % |
| Cappuccino (regular) |
707.01 kr (4.01 £) |
638.52 kr (3.62 £) |
-9.7 % |
| Coke/Pepsi (12 oz small bottle) |
403.54 kr (2.29 £) |
361.18 kr (2.05 £) |
-10.5 % |
| Water (12 oz small bottle) |
287.96 kr (1.63 £) |
286.56 kr (1.62 £) |
-0.5 % |
Markets | Reykjavik Edit |
London Edit | |
| Milk (regular), (1 gallon) |
856.52 kr (4.85 £) |
874.82 kr (4.96 £) |
+2.1 % |
| Loaf of Fresh White Bread (1 lb) |
464.58 kr (2.63 £) |
248.14 kr (1.41 £) |
-46.6 % |
| Rice (white), (1 lb) |
207.81 kr (1.18 £) |
162.67 kr (0.92 £) |
-21.7 % |
| Eggs (regular) (12) |
821.68 kr (4.66 £) |
562.90 kr (3.19 £) |
-31.5 % |
| Local Cheese (1 lb) |
965.37 kr (5.47 £) |
601.31 kr (3.41 £) |
-37.7 % |
| Chicken Fillets (1 lb) |
1,233.09 kr (6.99 £) |
598.00 kr (3.39 £) |
-51.5 % |
| Beef Round (1 lb) (or Equivalent Back Leg Red Meat) |
1,982.11 kr (11.23 £) |
973.25 kr (5.52 £) |
-50.9 % |
| Apples (1 lb) |
212.21 kr (1.20 £) |
205.64 kr (1.17 £) |
-3.1 % |
| Banana (1 lb) |
134.65 kr (0.76 £) |
105.42 kr (0.60 £) |
-21.7 % |
| Oranges (1 lb) |
175.06 kr (0.99 £) |
208.01 kr (1.18 £) |
+18.8 % |
| Tomato (1 lb) |
309.60 kr (1.75 £) |
257.57 kr (1.46 £) |
-16.8 % |
| Potato (1 lb) |
196.68 kr (1.11 £) |
101.83 kr (0.58 £) |
-48.2 % |
| Onion (1 lb) |
140.44 kr (0.80 £) |
93.78 kr (0.53 £) |
-33.2 % |
| Lettuce (1 head) |
439.56 kr (2.49 £) |
171.04 kr (0.97 £) |
-61.1 % |
| Water (1.5 liter bottle) |
281.00 kr (1.59 £) |
224.69 kr (1.27 £) |
-20.0 % |
| Bottle of Wine (Mid-Range) |
2,749.50 kr (15.58 £) |
1,676.34 kr (9.50 £) |
-39.0 % |
| Domestic Beer (0.5 liter bottle) |
434.15 kr (2.46 £) |
368.94 kr (2.09 £) |
-15.0 % |
| Imported Beer (12 oz small bottle) |
355.89 kr (2.02 £) |
429.71 kr (2.44 £) |
+20.7 % |
| Cigarettes 20 Pack (Marlboro) |
1,650.00 kr (9.35 £) |
2,646.84 kr (15.00 £) |
+60.4 % |
Transportation | Reykjavik Edit |
London Edit | |
| One-way Ticket (Local Transport) |
570.00 kr (3.23 £) |
494.08 kr (2.80 £) |
-13.3 % |
| Monthly Pass (Regular Price) |
9,300.00 kr (52.70 £) |
35,291.27 kr (200.00 £) |
+279.5 % |
| Taxi Start (Normal Tariff) |
730.00 kr (4.14 £) |
794.05 kr (4.50 £) |
+8.8 % |
| Taxi 1 mile (Normal Tariff) |
504.53 kr (2.86 £) |
553.08 kr (3.13 £) |
+9.6 % |
| Taxi 1hour Waiting (Normal Tariff) |
9,630.00 kr (54.57 £) |
5,293.69 kr (30.00 £) |
-45.0 % |
| Gasoline (1 gallon) |
1,191.65 kr (6.75 £) |
1,009.77 kr (5.72 £) |
-15.3 % |
| Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) |
5,790,000.00 kr (32,812.65 £) |
4,813,728.67 kr (27,280.00 £) |
-16.9 % |
| Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) |
6,031,000.00 kr (34,178.43 £) |
4,563,270.97 kr (25,860.62 £) |
-24.3 % |
Utilities (Monthly) | Reykjavik Edit |
London Edit | |
| Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment |
11,710.19 kr (66.36 £) |
51,457.20 kr (291.61 £) |
+339.4 % |
| Mobile Phone Monthly Plan with Calls and 10GB+ Data |
3,254.67 kr (18.44 £) |
2,733.94 kr (15.49 £) |
-16.0 % |
| Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) |
9,511.44 kr (53.90 £) |
5,510.07 kr (31.23 £) |
-42.1 % |
Sports And Leisure | Reykjavik Edit |
London Edit | |
| Fitness Club, Monthly Fee for 1 Adult |
9,103.59 kr (51.59 £) |
8,105.96 kr (45.94 £) |
-11.0 % |
| Tennis Court Rent (1 Hour on Weekend) |
4,014.29 kr (22.75 £) |
2,532.55 kr (14.35 £) |
-36.9 % |
| Cinema, International Release, 1 Seat |
2,000.00 kr (11.33 £) |
2,646.84 kr (15.00 £) |
+32.3 % |
Childcare | Reykjavik Edit |
London Edit | |
| Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child |
33,406.33 kr (189.32 £) |
324,739.74 kr (1,840.34 £) |
+872.1 % |
| International Primary School, Yearly for 1 Child |
831,666.67 kr (4,713.16 £) |
3,538,789.67 kr (20,054.76 £) |
+325.5 % |
Clothing And Shoes | Reykjavik Edit |
London Edit | |
| 1 Pair of Jeans (Levis 501 Or Similar) |
14,582.11 kr (82.64 £) |
14,497.28 kr (82.16 £) |
-0.6 % |
| 1 Summer Dress in a Chain Store (Zara, H&M, ...) |
6,045.00 kr (34.26 £) |
6,982.57 kr (39.57 £) |
+15.5 % |
| 1 Pair of Nike Running Shoes (Mid-Range) |
19,661.90 kr (111.43 £) |
15,732.43 kr (89.16 £) |
-20.0 % |
| 1 Pair of Men Leather Business Shoes |
24,273.12 kr (137.56 £) |
17,519.59 kr (99.29 £) |
-27.8 % |
Rent Per Month | Reykjavik Edit |
London Edit | |
| Apartment (1 bedroom) in City Centre |
259,077.12 kr (1,468.22 £) |
376,140.07 kr (2,131.63 £) |
+45.2 % |
| Apartment (1 bedroom) Outside of Centre |
231,556.06 kr (1,312.26 £) |
283,239.98 kr (1,605.16 £) |
+22.3 % |
| Apartment (3 bedrooms) in City Centre |
375,965.52 kr (2,130.64 £) |
780,461.58 kr (4,422.97 £) |
+107.6 % |
| Apartment (3 bedrooms) Outside of Centre |
334,230.77 kr (1,894.13 £) |
504,484.12 kr (2,858.97 £) |
+50.9 % |
Buy Apartment Price | Reykjavik Edit |
London Edit | |
| Price per Square Feet to Buy Apartment in City Centre |
81,846.89 kr (463.84 £) |
228,081.39 kr (1,292.57 £) |
+178.7 % |
| Price per Square Feet to Buy Apartment Outside of Centre |
65,005.60 kr (368.39 £) |
130,440.47 kr (739.22 £) |
+100.7 % |
Salaries And Financing | Reykjavik Edit |
London Edit | |
| Average Monthly Net Salary (After Tax) |
513,380.43 kr (2,909.39 £) |
616,346.85 kr (3,492.91 £) |
+20.1 % |
| Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate | 8.14 | 5.51 | -32.4 % |
| Last update: | May 2024 | May 2024 | |
| Contributors in the past 12 months: | 165 | 914 |
Moving to Reykjavik? Explore:
Moving to London? Explore:
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 |
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 |