Cost of Living Comparison Between Reykjavik and London 

Indices DifferenceInfo
Consumer Prices in London are 19.18% lower than in Reykjavik (without rent)
Consumer Prices Including Rent in London are 0.21% higher than in Reykjavik
Rent Prices in London are 47.63% higher than in Reykjavik
Restaurant Prices in London are 20.30% lower than in Reykjavik
Groceries Prices in London are 37.74% lower than in Reykjavik
Local Purchasing Power in London is 5.62% lower than in Reykjavik
Currency: Sticky Currency      Switch to metric measurement units
Restaurants
Reykjavik Edit London Edit Difference
Meal, Inexpensive Restaurant 2,500.00 kr
(16.02 £)
2,575.47 kr
(16.50 £)
     +3.02 %
Meal for 2 People, Mid-range Restaurant, Three-course 15,000.00 kr
(96.10 £)
10,457.97 kr
(67.00 £)
     -30.28 %
McMeal at McDonalds (or Equivalent Combo Meal) 2,000.00 kr
(12.81 £)
1,061.41 kr
(6.80 £)
     -46.93 %
Domestic Beer (1 pint draught) 1,200.00 kr
(7.69 £)
936.53 kr
(6.00 £)
     -21.96 %
Imported Beer (12 oz small bottle) 1,157.20 kr
(7.41 £)
780.45 kr
(5.00 £)
     -32.56 %
Cappuccino (regular) 623.34 kr
(3.99 £)
508.67 kr
(3.26 £)
     -18.40 %
Coke/Pepsi (12 oz small bottle) 347.25 kr
(2.22 £)
245.66 kr
(1.57 £)
     -29.25 %
Water (12 oz small bottle) 273.29 kr
(1.75 £)
204.36 kr
(1.31 £)
     -25.22 %
Markets
Reykjavik Edit London Edit
Milk (regular), (1 gallon) 773.44 kr
(4.96 £)
642.35 kr
(4.12 £)
     -16.95 %
Loaf of Fresh White Bread (1 lb) 413.34 kr
(2.65 £)
149.16 kr
(0.96 £)
     -63.91 %
Rice (white), (1 lb) 200.82 kr
(1.29 £)
126.56 kr
(0.81 £)
     -36.98 %
Eggs (regular) (12) 778.93 kr
(4.99 £)
369.90 kr
(2.37 £)
     -52.51 %
Local Cheese (1 lb) 896.63 kr
(5.74 £)
456.24 kr
(2.92 £)
     -49.12 %
Chicken Fillets (1 lb) 1,077.16 kr
(6.90 £)
475.54 kr
(3.05 £)
     -55.85 %
Beef Round (1 lb) (or Equivalent Back Leg Red Meat) 1,498.07 kr
(9.60 £)
767.74 kr
(4.92 £)
     -48.75 %
Apples (1 lb) 197.12 kr
(1.26 £)
150.91 kr
(0.97 £)
     -23.44 %
Banana (1 lb) 129.86 kr
(0.83 £)
90.71 kr
(0.58 £)
     -30.15 %
Oranges (1 lb) 144.94 kr
(0.93 £)
135.02 kr
(0.87 £)
     -6.84 %
Tomato (1 lb) 283.88 kr
(1.82 £)
175.92 kr
(1.13 £)
     -38.03 %
Potato (1 lb) 156.88 kr
(1.01 £)
80.66 kr
(0.52 £)
     -48.59 %
Onion (1 lb) 84.82 kr
(0.54 £)
88.87 kr
(0.57 £)
     +4.78 %
Lettuce (1 head) 345.77 kr
(2.22 £)
127.73 kr
(0.82 £)
     -63.06 %
Water (1.5 liter bottle) 260.67 kr
(1.67 £)
182.74 kr
(1.17 £)
     -29.89 %
Bottle of Wine (Mid-Range) 2,750.00 kr
(17.62 £)
1,326.76 kr
(8.50 £)
     -51.75 %
Domestic Beer (0.5 liter bottle) 429.29 kr
(2.75 £)
308.86 kr
(1.98 £)
     -28.05 %
Imported Beer (12 oz small bottle) 361.19 kr
(2.31 £)
386.50 kr
(2.48 £)
     +7.01 %
Cigarettes 20 Pack (Marlboro) 1,600.00 kr
(10.25 £)
2,029.16 kr
(13.00 £)
     +26.82 %
Transportation
Reykjavik Edit London Edit
One-way Ticket (Local Transport) 490.00 kr
(3.14 £)
437.05 kr
(2.80 £)
     -10.81 %
Monthly Pass (Regular Price) 8,000.00 kr
(51.25 £)
24,974.26 kr
(160.00 £)
     +212.18 %
Taxi Start (Normal Tariff) 730.00 kr
(4.68 £)
749.23 kr
(4.80 £)
     +2.63 %
Taxi 1 mile (Normal Tariff) 564.88 kr
(3.62 £)
427.04 kr
(2.74 £)
     -24.40 %
Taxi 1hour Waiting (Normal Tariff) 7,920.00 kr
(50.74 £)
4,495.37 kr
(28.80 £)
     -43.24 %
Gasoline (1 gallon) 1,201.27 kr
(7.70 £)
1,042.11 kr
(6.68 £)
     -13.25 %
Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) 4,695,000.00 kr
(30,078.96 £)
3,925,642.11 kr
(25,150.00 £)
     -16.39 %
Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) 5,434,166.67 kr
(34,814.51 £)
3,828,194.45 kr
(24,525.69 £)
     -29.55 %
Utilities (Monthly)
Reykjavik Edit London Edit
Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment 14,385.62 kr
(92.16 £)
38,140.27 kr
(244.35 £)
     +165.13 %
1 min. of Prepaid Mobile Tariff Local (No Discounts or Plans) 17.32 kr
(0.11 £)
19.93 kr
(0.13 £)
     +15.10 %
Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) 9,268.60 kr
(59.38 £)
4,671.17 kr
(29.93 £)
     -49.60 %
Sports And Leisure
Reykjavik Edit London Edit
Fitness Club, Monthly Fee for 1 Adult 9,106.16 kr
(58.34 £)
7,080.77 kr
(45.36 £)
     -22.24 %
Tennis Court Rent (1 Hour on Weekend) 4,687.50 kr
(30.03 £)
1,878.44 kr
(12.03 £)
     -59.93 %
Cinema, International Release, 1 Seat 1,800.00 kr
(11.53 £)
2,029.16 kr
(13.00 £)
     +12.73 %
Childcare
Reykjavik Edit London Edit
Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child 46,125.00 kr
(295.50 £)
248,260.69 kr
(1,590.51 £)
     +438.23 %
International Primary School, Yearly for 1 Child 925,000.00 kr
(5,926.10 £)
2,936,940.57 kr
(18,815.79 £)
     +217.51 %
Clothing And Shoes
Reykjavik Edit London Edit
1 Pair of Jeans (Levis 501 Or Similar) 14,780.62 kr
(94.69 £)
12,033.97 kr
(77.10 £)
     -18.58 %
1 Summer Dress in a Chain Store (Zara, H&M, ...) 6,055.56 kr
(38.80 £)
5,398.08 kr
(34.58 £)
     -10.86 %
1 Pair of Nike Running Shoes (Mid-Range) 18,430.00 kr
(118.07 £)
11,798.92 kr
(75.59 £)
     -35.98 %
1 Pair of Men Leather Business Shoes 26,115.38 kr
(167.31 £)
15,053.42 kr
(96.44 £)
     -42.36 %
Rent Per Month
Reykjavik Edit London Edit
Apartment (1 bedroom) in City Centre 209,400.00 kr
(1,341.54 £)
290,677.02 kr
(1,862.25 £)
     +38.81 %
Apartment (1 bedroom) Outside of Centre 174,136.36 kr
(1,115.62 £)
210,533.40 kr
(1,348.80 £)
     +20.90 %
Apartment (3 bedrooms) in City Centre 298,809.52 kr
(1,914.35 £)
532,267.39 kr
(3,410.02 £)
     +78.13 %
Apartment (3 bedrooms) Outside of Centre 254,000.00 kr
(1,627.28 £)
348,864.63 kr
(2,235.03 £)
     +37.35 %
Buy Apartment Price
Reykjavik Edit London Edit
Price per Square Feet to Buy Apartment in City Centre 81,016.24 kr
(519.04 £)
190,889.51 kr
(1,222.95 £)
     +135.62 %
Price per Square Feet to Buy Apartment Outside of Centre 58,831.92 kr
(376.91 £)
100,721.02 kr
(645.28 £)
     +71.20 %
Salaries And Financing
Reykjavik Edit London Edit
Average Monthly Net Salary (After Tax) 466,231.35 kr
(2,986.96 £)
440,954.75 kr
(2,825.02 £)
     -5.42 %
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 5.80 2.72      -53.07 %
Last update: September 2022September 2022
Contributors in the past 12 months:1811162