Cost of Living Comparison Between Reykjavik and London 
| Indices Difference |  |
|---|---|
| Consumer Prices in London are 7.8% lower than in Reykjavik (without rent) | |
| Consumer Prices Including Rent in London are 13.9% higher than in Reykjavik | |
| Rent Prices in London are 60.9% higher than in Reykjavik | |
| Restaurant Prices in London are 8.9% lower than in Reykjavik | |
| Groceries Prices in London are 28.4% lower than in Reykjavik | |
| Local Purchasing Power in London is 3.8% lower than in Reykjavik | |
Restaurants | Reykjavik Edit |
London Edit | Difference |
|---|---|---|---|
| Meal, Inexpensive Restaurant |
2,945.00 kr (16.80 £) |
3,504.92 kr (20.00 £) |
+19.0 % |
| Meal for 2 People, Mid-range Restaurant, Three-course |
17,250.00 kr (98.43 £) |
14,019.69 kr (80.00 £) |
-18.7 % |
| McMeal at McDonalds (or Equivalent Combo Meal) |
2,350.00 kr (13.41 £) |
1,401.97 kr (8.00 £) |
-40.3 % |
| Domestic Beer (1 pint draught) |
1,500.00 kr (8.56 £) |
1,139.10 kr (6.50 £) |
-24.1 % |
| Imported Beer (12 oz small bottle) |
1,250.00 kr (7.13 £) |
963.85 kr (5.50 £) |
-22.9 % |
| Cappuccino (regular) |
711.24 kr (4.06 £) |
627.91 kr (3.58 £) |
-11.7 % |
| Coke/Pepsi (12 oz small bottle) |
403.14 kr (2.30 £) |
340.80 kr (1.94 £) |
-15.5 % |
| Water (12 oz small bottle) |
288.06 kr (1.64 £) |
276.94 kr (1.58 £) |
-3.9 % |
Markets | Reykjavik Edit |
London Edit | |
| Milk (regular), (1 gallon) |
856.77 kr (4.89 £) |
867.06 kr (4.95 £) |
+1.2 % |
| Loaf of Fresh White Bread (1 lb) |
464.58 kr (2.65 £) |
248.54 kr (1.42 £) |
-46.5 % |
| Rice (white), (1 lb) |
207.81 kr (1.19 £) |
157.77 kr (0.90 £) |
-24.1 % |
| Eggs (regular) (12) |
821.68 kr (4.69 £) |
576.33 kr (3.29 £) |
-29.9 % |
| Local Cheese (1 lb) |
965.37 kr (5.51 £) |
609.50 kr (3.48 £) |
-36.9 % |
| Chicken Fillets (1 lb) |
1,232.99 kr (7.04 £) |
605.26 kr (3.45 £) |
-50.9 % |
| Beef Round (1 lb) (or Equivalent Back Leg Red Meat) |
1,982.11 kr (11.31 £) |
1,008.17 kr (5.75 £) |
-49.1 % |
| Apples (1 lb) |
212.21 kr (1.21 £) |
194.70 kr (1.11 £) |
-8.3 % |
| Banana (1 lb) |
134.26 kr (0.77 £) |
101.38 kr (0.58 £) |
-24.5 % |
| Oranges (1 lb) |
175.06 kr (1.00 £) |
206.88 kr (1.18 £) |
+18.2 % |
| Tomato (1 lb) |
309.60 kr (1.77 £) |
239.35 kr (1.37 £) |
-22.7 % |
| Potato (1 lb) |
196.68 kr (1.12 £) |
99.84 kr (0.57 £) |
-49.2 % |
| Onion (1 lb) |
140.44 kr (0.80 £) |
95.05 kr (0.54 £) |
-32.3 % |
| Lettuce (1 head) |
439.56 kr (2.51 £) |
161.90 kr (0.92 £) |
-63.2 % |
| Water (1.5 liter bottle) |
281.00 kr (1.60 £) |
219.83 kr (1.25 £) |
-21.8 % |
| Bottle of Wine (Mid-Range) |
2,749.50 kr (15.69 £) |
1,621.03 kr (9.25 £) |
-41.0 % |
| Domestic Beer (0.5 liter bottle) |
434.15 kr (2.48 £) |
359.77 kr (2.05 £) |
-17.1 % |
| Imported Beer (12 oz small bottle) |
355.89 kr (2.03 £) |
422.14 kr (2.41 £) |
+18.6 % |
| Cigarettes 20 Pack (Marlboro) |
1,650.00 kr (9.42 £) |
2,628.69 kr (15.00 £) |
+59.3 % |
Transportation | Reykjavik Edit |
London Edit | |
| One-way Ticket (Local Transport) |
570.00 kr (3.25 £) |
490.69 kr (2.80 £) |
-13.9 % |
| Monthly Pass (Regular Price) |
9,300.00 kr (53.07 £) |
35,049.23 kr (200.00 £) |
+276.9 % |
| Taxi Start (Normal Tariff) |
730.00 kr (4.17 £) |
700.98 kr (4.00 £) |
-4.0 % |
| Taxi 1 mile (Normal Tariff) |
521.43 kr (2.98 £) |
549.28 kr (3.13 £) |
+5.3 % |
| Taxi 1hour Waiting (Normal Tariff) |
9,630.00 kr (54.95 £) |
5,257.38 kr (30.00 £) |
-45.4 % |
| Gasoline (1 gallon) |
1,194.08 kr (6.81 £) |
1,008.01 kr (5.75 £) |
-15.6 % |
| Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) |
5,790,000.00 kr (33,039.24 £) |
4,780,715.41 kr (27,280.00 £) |
-17.4 % |
| Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) |
6,087,181.82 kr (34,735.04 £) |
4,531,975.38 kr (25,860.62 £) |
-25.5 % |
Utilities (Monthly) | Reykjavik Edit |
London Edit | |
| Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment |
11,716.46 kr (66.86 £) |
50,301.90 kr (287.04 £) |
+329.3 % |
| Mobile Phone Monthly Plan with Calls and 10GB+ Data |
3,254.67 kr (18.57 £) |
2,651.78 kr (15.13 £) |
-18.5 % |
| Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) |
9,517.42 kr (54.31 £) |
5,454.51 kr (31.12 £) |
-42.7 % |
Sports And Leisure | Reykjavik Edit |
London Edit | |
| Fitness Club, Monthly Fee for 1 Adult |
9,103.59 kr (51.95 £) |
8,240.01 kr (47.02 £) |
-9.5 % |
| Tennis Court Rent (1 Hour on Weekend) |
4,014.29 kr (22.91 £) |
2,437.67 kr (13.91 £) |
-39.3 % |
| Cinema, International Release, 1 Seat |
2,000.00 kr (11.41 £) |
2,628.69 kr (15.00 £) |
+31.4 % |
Childcare | Reykjavik Edit |
London Edit | |
| Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child |
35,073.00 kr (200.14 £) |
322,512.63 kr (1,840.34 £) |
+819.5 % |
| International Primary School, Yearly for 1 Child |
831,666.67 kr (4,745.71 £) |
3,514,520.13 kr (20,054.76 £) |
+322.6 % |
Clothing And Shoes | Reykjavik Edit |
London Edit | |
| 1 Pair of Jeans (Levis 501 Or Similar) |
14,582.11 kr (83.21 £) |
14,412.93 kr (82.24 £) |
-1.2 % |
| 1 Summer Dress in a Chain Store (Zara, H&M, ...) |
6,077.50 kr (34.68 £) |
7,003.74 kr (39.97 £) |
+15.2 % |
| 1 Pair of Nike Running Shoes (Mid-Range) |
19,722.73 kr (112.54 £) |
15,502.13 kr (88.46 £) |
-21.4 % |
| 1 Pair of Men Leather Business Shoes |
25,310.62 kr (144.43 £) |
16,443.93 kr (93.83 £) |
-35.0 % |
Rent Per Month | Reykjavik Edit |
London Edit | |
| Apartment (1 bedroom) in City Centre |
259,077.12 kr (1,478.36 £) |
392,200.92 kr (2,238.00 £) |
+51.4 % |
| Apartment (1 bedroom) Outside of Centre |
231,544.86 kr (1,321.25 £) |
284,716.60 kr (1,624.67 £) |
+23.0 % |
| Apartment (3 bedrooms) in City Centre |
375,965.52 kr (2,145.36 £) |
757,478.49 kr (4,322.37 £) |
+101.5 % |
| Apartment (3 bedrooms) Outside of Centre |
334,346.15 kr (1,907.87 £) |
503,140.97 kr (2,871.05 £) |
+50.5 % |
Buy Apartment Price | Reykjavik Edit |
London Edit | |
| Price per Square Feet to Buy Apartment in City Centre |
82,240.62 kr (469.29 £) |
229,783.08 kr (1,311.20 £) |
+179.4 % |
| Price per Square Feet to Buy Apartment Outside of Centre |
65,489.17 kr (373.70 £) |
125,560.17 kr (716.48 £) |
+91.7 % |
Salaries And Financing | Reykjavik Edit |
London Edit | |
| Average Monthly Net Salary (After Tax) |
513,380.43 kr (2,929.48 £) |
562,453.99 kr (3,209.51 £) |
+9.6 % |
| Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate | 8.14 | 5.60 | -31.3 % |
| Last update: | April 2024 | April 2024 | |
| Contributors in the past 12 months: | 162 | 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 |