Cost of Living Comparison Between Reykjavik and London 

Indices DifferenceInfo
Consumer Prices in London are 14.24% lower than in Reykjavik (without rent)
Consumer Prices Including Rent in London are 4.95% higher than in Reykjavik
Rent Prices in London are 48.72% higher than in Reykjavik
Restaurant Prices in London are 18.78% lower than in Reykjavik
Groceries Prices in London are 31.19% lower than in Reykjavik
Local Purchasing Power in London is 19.12% higher than in Reykjavik
Currency: Sticky Currency      Switch to metric measurement units
Restaurants
Reykjavik Edit London Edit Difference
Meal, Inexpensive Restaurant 2,500.00 kr
(14.38 £)
2,608.13 kr
(15.00 £)
     +4.33 %
Meal for 2 People, Mid-range Restaurant, Three-course 15,000.00 kr
(86.27 £)
10,432.51 kr
(60.00 £)
     -30.45 %
McMeal at McDonalds (or Equivalent Combo Meal) 1,774.50 kr
(10.21 £)
1,043.25 kr
(6.00 £)
     -41.21 %
Domestic Beer (1 pint draught) 1,200.00 kr
(6.90 £)
869.38 kr
(5.00 £)
     -27.55 %
Imported Beer (12 oz small bottle) 1,100.00 kr
(6.33 £)
782.44 kr
(4.50 £)
     -28.87 %
Cappuccino (regular) 581.47 kr
(3.34 £)
515.37 kr
(2.96 £)
     -11.37 %
Coke/Pepsi (12 oz small bottle) 355.41 kr
(2.04 £)
259.83 kr
(1.49 £)
     -26.89 %
Water (12 oz small bottle) 270.51 kr
(1.56 £)
199.64 kr
(1.15 £)
     -26.20 %
Markets
Reykjavik Edit London Edit
Milk (regular), (1 gallon) 696.52 kr
(4.01 £)
622.14 kr
(3.58 £)
     -10.68 %
Loaf of Fresh White Bread (1 lb) 435.82 kr
(2.51 £)
158.80 kr
(0.91 £)
     -63.56 %
Rice (white), (1 lb) 163.80 kr
(0.94 £)
117.75 kr
(0.68 £)
     -28.11 %
Eggs (regular) (12) 745.21 kr
(4.29 £)
384.40 kr
(2.21 £)
     -48.42 %
Local Cheese (1 lb) 799.96 kr
(4.60 £)
545.88 kr
(3.14 £)
     -31.76 %
Chicken Fillets (1 lb) 921.97 kr
(5.30 £)
489.34 kr
(2.81 £)
     -46.92 %
Beef Round (1 lb) (or Equivalent Back Leg Red Meat) 1,667.37 kr
(9.59 £)
797.76 kr
(4.59 £)
     -52.15 %
Apples (1 lb) 171.57 kr
(0.99 £)
175.80 kr
(1.01 £)
     +2.46 %
Banana (1 lb) 119.91 kr
(0.69 £)
86.71 kr
(0.50 £)
     -27.69 %
Oranges (1 lb) 129.47 kr
(0.74 £)
157.99 kr
(0.91 £)
     +22.03 %
Tomato (1 lb) 264.39 kr
(1.52 £)
199.65 kr
(1.15 £)
     -24.49 %
Potato (1 lb) 149.08 kr
(0.86 £)
92.23 kr
(0.53 £)
     -38.14 %
Onion (1 lb) 62.34 kr
(0.36 £)
92.99 kr
(0.53 £)
     +49.15 %
Lettuce (1 head) 323.89 kr
(1.86 £)
135.69 kr
(0.78 £)
     -58.11 %
Water (1.5 liter bottle) 233.38 kr
(1.34 £)
159.69 kr
(0.92 £)
     -31.57 %
Bottle of Wine (Mid-Range) 2,900.00 kr
(16.68 £)
1,391.00 kr
(8.00 £)
     -52.03 %
Domestic Beer (0.5 liter bottle) 459.92 kr
(2.65 £)
322.16 kr
(1.85 £)
     -29.95 %
Imported Beer (12 oz small bottle) 399.79 kr
(2.30 £)
362.09 kr
(2.08 £)
     -9.43 %
Cigarettes 20 Pack (Marlboro) 1,600.00 kr
(9.20 £)
2,173.44 kr
(12.50 £)
     +35.84 %
Transportation
Reykjavik Edit London Edit
One-way Ticket (Local Transport) 480.00 kr
(2.76 £)
486.85 kr
(2.80 £)
     +1.43 %
Monthly Pass (Regular Price) 13,100.00 kr
(75.34 £)
27,472.27 kr
(158.00 £)
     +109.71 %
Taxi Start (Normal Tariff) 690.00 kr
(3.97 £)
521.63 kr
(3.00 £)
     -24.40 %
Taxi 1 mile (Normal Tariff) 564.88 kr
(3.25 £)
475.70 kr
(2.74 £)
     -15.79 %
Taxi 1hour Waiting (Normal Tariff) 7,920.00 kr
(45.55 £)
5,007.60 kr
(28.80 £)
     -36.77 %
Gasoline (1 gallon) 864.39 kr
(4.97 £)
807.38 kr
(4.64 £)
     -6.60 %
Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) 3,790,000.00 kr
(21,797.25 £)
4,002,170.86 kr
(23,017.50 £)
     +5.60 %
Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) 4,487,500.00 kr
(25,808.75 £)
4,001,342.67 kr
(23,012.74 £)
     -10.83 %
Utilities (Monthly)
Reykjavik Edit London Edit
Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment 13,867.28 kr
(79.75 £)
29,738.93 kr
(171.04 £)
     +114.45 %
1 min. of Prepaid Mobile Tariff Local (No Discounts or Plans) 18.38 kr
(0.11 £)
22.46 kr
(0.13 £)
     +22.23 %
Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) 8,660.00 kr
(49.81 £)
5,585.74 kr
(32.12 £)
     -35.50 %
Sports And Leisure
Reykjavik Edit London Edit
Fitness Club, Monthly Fee for 1 Adult 7,375.38 kr
(42.42 £)
8,093.81 kr
(46.55 £)
     +9.74 %
Tennis Court Rent (1 Hour on Weekend) 4,700.00 kr
(27.03 £)
1,645.13 kr
(9.46 £)
     -65.00 %
Cinema, International Release, 1 Seat 1,690.00 kr
(9.72 £)
2,603.78 kr
(14.97 £)
     +54.07 %
Childcare
Reykjavik Edit London Edit
Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child 35,942.13 kr
(206.71 £)
243,385.06 kr
(1,399.77 £)
     +577.16 %
International Primary School, Yearly for 1 Child 860,000.00 kr
(4,946.08 £)
3,163,831.91 kr
(18,196.00 £)
     +267.89 %
Clothing And Shoes
Reykjavik Edit London Edit
1 Pair of Jeans (Levis 501 Or Similar) 14,927.60 kr
(85.85 £)
10,242.83 kr
(58.91 £)
     -31.38 %
1 Summer Dress in a Chain Store (Zara, H&M, ...) 6,122.81 kr
(35.21 £)
4,836.24 kr
(27.81 £)
     -21.01 %
1 Pair of Nike Running Shoes (Mid-Range) 17,684.42 kr
(101.71 £)
12,345.13 kr
(71.00 £)
     -30.19 %
1 Pair of Men Leather Business Shoes 24,303.65 kr
(139.78 £)
14,875.98 kr
(85.56 £)
     -38.79 %
Rent Per Month
Reykjavik Edit London Edit
Apartment (1 bedroom) in City Centre 202,321.43 kr
(1,163.60 £)
288,093.71 kr
(1,656.90 £)
     +42.39 %
Apartment (1 bedroom) Outside of Centre 173,600.00 kr
(998.42 £)
220,902.92 kr
(1,270.47 £)
     +27.25 %
Apartment (3 bedrooms) in City Centre 318,703.70 kr
(1,832.95 £)
563,464.10 kr
(3,240.62 £)
     +76.80 %
Apartment (3 bedrooms) Outside of Centre 272,000.00 kr
(1,564.34 £)
365,130.05 kr
(2,099.96 £)
     +34.24 %
Buy Apartment Price
Reykjavik Edit London Edit
Price per Square Feet to Buy Apartment in City Centre 58,439.95 kr
(336.10 £)
181,415.28 kr
(1,043.37 £)
     +210.43 %
Price per Square Feet to Buy Apartment Outside of Centre 44,051.16 kr
(253.35 £)
89,399.01 kr
(514.16 £)
     +102.94 %
Salaries And Financing
Reykjavik Edit London Edit
Average Monthly Net Salary (After Tax) 431,842.00 kr
(2,483.63 £)
539,910.04 kr
(3,105.16 £)
     +25.02 %
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 5.23 2.55      -51.31 %
Last update: July 2021July 2021
Contributors in the past 12 months:110753