Cost of Living Comparison Between Reykjavik and London 
| Indices Difference |  |
|---|---|
| Consumer Prices in London are 7.1% lower than in Reykjavik (without rent) | |
| Consumer Prices Including Rent in London are 14.4% higher than in Reykjavik | |
| Rent Prices in London are 60.9% higher than in Reykjavik | |
| Restaurant Prices in London are 7.7% lower than in Reykjavik | |
| Groceries Prices in London are 28.5% lower than in Reykjavik | |
| Local Purchasing Power in London is 2.9% higher than in Reykjavik | |
Restaurants | Reykjavik Edit |
London Edit | Difference |
|---|---|---|---|
| Meal, Inexpensive Restaurant |
2,945.00 kr (16.82 £) |
3,502.76 kr (20.00 £) |
+18.9 % |
| Meal for 2 People, Mid-range Restaurant, Three-course |
17,000.00 kr (97.07 £) |
14,011.06 kr (80.00 £) |
-17.6 % |
| McMeal at McDonalds (or Equivalent Combo Meal) |
2,350.00 kr (13.42 £) |
1,401.11 kr (8.00 £) |
-40.4 % |
| Domestic Beer (1 pint draught) |
1,500.00 kr (8.56 £) |
1,138.40 kr (6.50 £) |
-24.1 % |
| Imported Beer (12 oz small bottle) |
1,250.00 kr (7.14 £) |
1,050.83 kr (6.00 £) |
-15.9 % |
| Cappuccino (regular) |
711.13 kr (4.06 £) |
632.27 kr (3.61 £) |
-11.1 % |
| Coke/Pepsi (12 oz small bottle) |
399.47 kr (2.28 £) |
354.13 kr (2.02 £) |
-11.3 % |
| Water (12 oz small bottle) |
288.00 kr (1.64 £) |
290.08 kr (1.66 £) |
+0.7 % |
Markets | Reykjavik Edit |
London Edit | |
| Milk (regular), (1 gallon) |
856.52 kr (4.89 £) |
879.85 kr (5.02 £) |
+2.7 % |
| Loaf of Fresh White Bread (1 lb) |
464.58 kr (2.65 £) |
246.29 kr (1.41 £) |
-47.0 % |
| Rice (white), (1 lb) |
207.81 kr (1.19 £) |
161.55 kr (0.92 £) |
-22.3 % |
| Eggs (regular) (12) |
821.68 kr (4.69 £) |
554.56 kr (3.17 £) |
-32.5 % |
| Local Cheese (1 lb) |
965.37 kr (5.51 £) |
597.01 kr (3.41 £) |
-38.2 % |
| Chicken Fillets (1 lb) |
1,233.09 kr (7.04 £) |
593.75 kr (3.39 £) |
-51.8 % |
| Beef Round (1 lb) (or Equivalent Back Leg Red Meat) |
1,982.11 kr (11.32 £) |
965.98 kr (5.52 £) |
-51.3 % |
| Apples (1 lb) |
212.21 kr (1.21 £) |
204.11 kr (1.17 £) |
-3.8 % |
| Banana (1 lb) |
134.67 kr (0.77 £) |
104.13 kr (0.59 £) |
-22.7 % |
| Oranges (1 lb) |
175.06 kr (1.00 £) |
205.69 kr (1.17 £) |
+17.5 % |
| Tomato (1 lb) |
309.60 kr (1.77 £) |
244.01 kr (1.39 £) |
-21.2 % |
| Potato (1 lb) |
196.68 kr (1.12 £) |
101.07 kr (0.58 £) |
-48.6 % |
| Onion (1 lb) |
140.44 kr (0.80 £) |
92.99 kr (0.53 £) |
-33.8 % |
| Lettuce (1 head) |
439.56 kr (2.51 £) |
169.76 kr (0.97 £) |
-61.4 % |
| Water (1.5 liter bottle) |
281.00 kr (1.60 £) |
229.72 kr (1.31 £) |
-18.2 % |
| Bottle of Wine (Mid-Range) |
2,749.50 kr (15.70 £) |
1,663.81 kr (9.50 £) |
-39.5 % |
| Domestic Beer (0.5 liter bottle) |
434.15 kr (2.48 £) |
366.19 kr (2.09 £) |
-15.7 % |
| Imported Beer (12 oz small bottle) |
355.89 kr (2.03 £) |
426.50 kr (2.44 £) |
+19.8 % |
| Cigarettes 20 Pack (Marlboro) |
1,650.00 kr (9.42 £) |
2,627.07 kr (15.00 £) |
+59.2 % |
Transportation | Reykjavik Edit |
London Edit | |
| One-way Ticket (Local Transport) |
570.00 kr (3.25 £) |
490.39 kr (2.80 £) |
-14.0 % |
| Monthly Pass (Regular Price) |
9,300.00 kr (53.10 £) |
35,027.64 kr (200.00 £) |
+276.6 % |
| Taxi Start (Normal Tariff) |
730.00 kr (4.17 £) |
788.12 kr (4.50 £) |
+8.0 % |
| Taxi 1 mile (Normal Tariff) |
504.53 kr (2.88 £) |
548.94 kr (3.13 £) |
+8.8 % |
| Taxi 1hour Waiting (Normal Tariff) |
9,630.00 kr (54.99 £) |
5,254.15 kr (30.00 £) |
-45.4 % |
| Gasoline (1 gallon) |
1,194.08 kr (6.82 £) |
999.19 kr (5.71 £) |
-16.3 % |
| Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) |
5,790,000.00 kr (33,059.61 £) |
4,777,770.30 kr (27,280.00 £) |
-17.5 % |
| Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) |
6,031,000.00 kr (34,435.66 £) |
4,529,183.51 kr (25,860.62 £) |
-24.9 % |
Utilities (Monthly) | Reykjavik Edit |
London Edit | |
| Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment |
11,712.96 kr (66.88 £) |
51,456.41 kr (293.80 £) |
+339.3 % |
| Mobile Phone Monthly Plan with Calls and 10GB+ Data |
3,254.67 kr (18.58 £) |
2,632.39 kr (15.03 £) |
-19.1 % |
| Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) |
9,514.09 kr (54.32 £) |
5,432.62 kr (31.02 £) |
-42.9 % |
Sports And Leisure | Reykjavik Edit |
London Edit | |
| Fitness Club, Monthly Fee for 1 Adult |
9,103.59 kr (51.98 £) |
8,185.81 kr (46.74 £) |
-10.1 % |
| Tennis Court Rent (1 Hour on Weekend) |
4,014.29 kr (22.92 £) |
2,513.63 kr (14.35 £) |
-37.4 % |
| Cinema, International Release, 1 Seat |
2,000.00 kr (11.42 £) |
2,627.07 kr (15.00 £) |
+31.4 % |
Childcare | Reykjavik Edit |
London Edit | |
| Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child |
33,406.33 kr (190.74 £) |
322,313.95 kr (1,840.34 £) |
+864.8 % |
| International Primary School, Yearly for 1 Child |
831,666.67 kr (4,748.63 £) |
3,512,355.05 kr (20,054.76 £) |
+322.3 % |
Clothing And Shoes | Reykjavik Edit |
London Edit | |
| 1 Pair of Jeans (Levis 501 Or Similar) |
14,445.76 kr (82.48 £) |
14,312.68 kr (81.72 £) |
-0.9 % |
| 1 Summer Dress in a Chain Store (Zara, H&M, ...) |
6,045.00 kr (34.52 £) |
6,895.19 kr (39.37 £) |
+14.1 % |
| 1 Pair of Nike Running Shoes (Mid-Range) |
19,661.90 kr (112.27 £) |
15,596.24 kr (89.05 £) |
-20.7 % |
| 1 Pair of Men Leather Business Shoes |
24,273.12 kr (138.59 £) |
17,124.62 kr (97.78 £) |
-29.5 % |
Rent Per Month | Reykjavik Edit |
London Edit | |
| Apartment (1 bedroom) in City Centre |
259,077.12 kr (1,479.27 £) |
374,540.35 kr (2,138.54 £) |
+44.6 % |
| Apartment (1 bedroom) Outside of Centre |
231,567.36 kr (1,322.20 £) |
281,514.46 kr (1,607.38 £) |
+21.6 % |
| Apartment (3 bedrooms) in City Centre |
375,965.52 kr (2,146.68 £) |
774,631.56 kr (4,422.97 £) |
+106.0 % |
| Apartment (3 bedrooms) Outside of Centre |
334,230.77 kr (1,908.38 £) |
500,715.64 kr (2,858.97 £) |
+49.8 % |
Buy Apartment Price | Reykjavik Edit |
London Edit | |
| Price per Square Feet to Buy Apartment in City Centre |
81,846.89 kr (467.33 £) |
229,641.53 kr (1,311.20 £) |
+180.6 % |
| Price per Square Feet to Buy Apartment Outside of Centre |
64,681.33 kr (369.32 £) |
129,466.08 kr (739.22 £) |
+100.2 % |
Salaries And Financing | Reykjavik Edit |
London Edit | |
| Average Monthly Net Salary (After Tax) |
513,380.43 kr (2,931.29 £) |
604,370.82 kr (3,450.82 £) |
+17.7 % |
| Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate | 8.14 | 5.55 | -31.8 % |
| Last update: | May 2024 | May 2024 | |
| Contributors in the past 12 months: | 163 | 892 |
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 |