Cost of Living Comparison Between London and Reykjavik 
| Indices Difference |  |
|---|---|
| Consumer Prices in Reykjavik are 8.3% higher than in London (without rent) | |
| Consumer Prices Including Rent in Reykjavik are 12.3% lower than in London | |
| Rent Prices in Reykjavik are 37.9% lower than in London | |
| Restaurant Prices in Reykjavik are 9.6% higher than in London | |
| Groceries Prices in Reykjavik are 39.5% higher than in London | |
| Local Purchasing Power in Reykjavik is 3.5% higher than in London | |
Restaurants | London Edit |
Reykjavik Edit | Difference |
|---|---|---|---|
| Meal, Inexpensive Restaurant |
20.00 £ (3,499.73 kr) |
16.83 £ (2,945.00 kr) |
-15.9 % |
| Meal for 2 People, Mid-range Restaurant, Three-course |
80.00 £ (13,998.91 kr) |
98.58 £ (17,250.00 kr) |
+23.2 % |
| McMeal at McDonalds (or Equivalent Combo Meal) |
8.00 £ (1,399.89 kr) |
13.43 £ (2,350.00 kr) |
+67.9 % |
| Domestic Beer (1 pint draught) |
6.50 £ (1,137.41 kr) |
8.57 £ (1,500.00 kr) |
+31.9 % |
| Imported Beer (12 oz small bottle) |
5.50 £ (962.43 kr) |
7.14 £ (1,250.00 kr) |
+29.9 % |
| Cappuccino (regular) |
3.58 £ (626.98 kr) |
4.06 £ (711.20 kr) |
+13.4 % |
| Coke/Pepsi (12 oz small bottle) |
1.94 £ (340.25 kr) |
2.30 £ (403.12 kr) |
+18.5 % |
| Water (12 oz small bottle) |
1.58 £ (276.50 kr) |
1.65 £ (288.04 kr) |
+4.2 % |
Markets | London Edit |
Reykjavik Edit | |
| Milk (regular), (1 gallon) |
4.95 £ (865.78 kr) |
4.90 £ (856.77 kr) |
-1.0 % |
| Loaf of Fresh White Bread (1 lb) |
1.42 £ (248.17 kr) |
2.65 £ (464.58 kr) |
+87.2 % |
| Rice (white), (1 lb) |
0.90 £ (157.54 kr) |
1.19 £ (207.81 kr) |
+31.9 % |
| Eggs (regular) (12) |
3.29 £ (575.43 kr) |
4.70 £ (821.68 kr) |
+42.8 % |
| Local Cheese (1 lb) |
3.48 £ (608.55 kr) |
5.52 £ (965.37 kr) |
+58.6 % |
| Chicken Fillets (1 lb) |
3.45 £ (604.31 kr) |
7.05 £ (1,232.99 kr) |
+104.0 % |
| Beef Round (1 lb) (or Equivalent Back Leg Red Meat) |
5.75 £ (1,006.68 kr) |
11.33 £ (1,982.11 kr) |
+96.9 % |
| Apples (1 lb) |
1.11 £ (194.41 kr) |
1.21 £ (212.21 kr) |
+9.2 % |
| Banana (1 lb) |
0.58 £ (101.23 kr) |
0.77 £ (134.26 kr) |
+32.6 % |
| Oranges (1 lb) |
1.18 £ (206.57 kr) |
1.00 £ (175.06 kr) |
-15.3 % |
| Tomato (1 lb) |
1.37 £ (238.99 kr) |
1.77 £ (309.60 kr) |
+29.5 % |
| Potato (1 lb) |
0.57 £ (99.69 kr) |
1.12 £ (196.68 kr) |
+97.3 % |
| Onion (1 lb) |
0.54 £ (94.91 kr) |
0.80 £ (140.44 kr) |
+48.0 % |
| Lettuce (1 head) |
0.92 £ (161.66 kr) |
2.51 £ (439.56 kr) |
+171.9 % |
| Water (1.5 liter bottle) |
1.25 £ (219.50 kr) |
1.61 £ (281.00 kr) |
+28.0 % |
| Bottle of Wine (Mid-Range) |
9.25 £ (1,618.62 kr) |
15.71 £ (2,749.50 kr) |
+69.9 % |
| Domestic Beer (0.5 liter bottle) |
2.05 £ (359.24 kr) |
2.48 £ (434.15 kr) |
+20.9 % |
| Imported Beer (12 oz small bottle) |
2.41 £ (421.52 kr) |
2.03 £ (355.89 kr) |
-15.6 % |
| Cigarettes 20 Pack (Marlboro) |
15.00 £ (2,624.80 kr) |
9.43 £ (1,650.00 kr) |
-37.1 % |
Transportation | London Edit |
Reykjavik Edit | |
| One-way Ticket (Local Transport) |
2.80 £ (489.96 kr) |
3.26 £ (570.00 kr) |
+16.3 % |
| Monthly Pass (Regular Price) |
200.00 £ (34,997.27 kr) |
53.15 £ (9,300.00 kr) |
-73.4 % |
| Taxi Start (Normal Tariff) |
4.00 £ (699.95 kr) |
4.17 £ (730.00 kr) |
+4.3 % |
| Taxi 1 mile (Normal Tariff) |
3.13 £ (548.47 kr) |
2.98 £ (521.43 kr) |
-4.9 % |
| Taxi 1hour Waiting (Normal Tariff) |
30.00 £ (5,249.59 kr) |
55.03 £ (9,630.00 kr) |
+83.4 % |
| Gasoline (1 gallon) |
5.75 £ (1,006.52 kr) |
6.82 £ (1,194.08 kr) |
+18.6 % |
| Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) |
27,280.00 £ (4,773,628.29 kr) |
33,088.29 £ (5,790,000.00 kr) |
+21.3 % |
| Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) |
25,860.62 £ (4,525,257.00 kr) |
34,786.60 £ (6,087,181.82 kr) |
+34.5 % |
Utilities (Monthly) | London Edit |
Reykjavik Edit | |
| Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment |
287.04 £ (50,227.33 kr) |
66.95 £ (11,715.41 kr) |
-76.7 % |
| Mobile Phone Monthly Plan with Calls and 10GB+ Data |
15.13 £ (2,647.85 kr) |
18.60 £ (3,254.67 kr) |
+22.9 % |
| Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) |
31.12 £ (5,446.42 kr) |
54.38 £ (9,515.62 kr) |
+74.7 % |
Sports And Leisure | London Edit |
Reykjavik Edit | |
| Fitness Club, Monthly Fee for 1 Adult |
47.02 £ (8,227.79 kr) |
52.02 £ (9,103.59 kr) |
+10.6 % |
| Tennis Court Rent (1 Hour on Weekend) |
13.91 £ (2,434.06 kr) |
22.94 £ (4,014.29 kr) |
+64.9 % |
| Cinema, International Release, 1 Seat |
15.00 £ (2,624.80 kr) |
11.43 £ (2,000.00 kr) |
-23.8 % |
Childcare | London Edit |
Reykjavik Edit | |
| Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child |
1,840.34 £ (322,034.53 kr) |
200.43 £ (35,073.00 kr) |
-89.1 % |
| International Primary School, Yearly for 1 Child |
20,054.76 £ (3,509,310.07 kr) |
4,752.75 £ (831,666.67 kr) |
-76.3 % |
Clothing And Shoes | London Edit |
Reykjavik Edit | |
| 1 Pair of Jeans (Levis 501 Or Similar) |
82.24 £ (14,391.56 kr) |
83.33 £ (14,582.11 kr) |
+1.3 % |
| 1 Summer Dress in a Chain Store (Zara, H&M, ...) |
39.97 £ (6,993.36 kr) |
34.73 £ (6,077.50 kr) |
-13.1 % |
| 1 Pair of Nike Running Shoes (Mid-Range) |
88.46 £ (15,479.15 kr) |
112.71 £ (19,722.73 kr) |
+27.4 % |
| 1 Pair of Men Leather Business Shoes |
93.83 £ (16,419.55 kr) |
144.64 £ (25,310.62 kr) |
+54.1 % |
Rent Per Month | London Edit |
Reykjavik Edit | |
| Apartment (1 bedroom) in City Centre |
2,225.49 £ (389,430.46 kr) |
1,480.56 £ (259,077.12 kr) |
-33.5 % |
| Apartment (1 bedroom) Outside of Centre |
1,624.67 £ (284,294.53 kr) |
1,323.22 £ (231,544.64 kr) |
-18.6 % |
| Apartment (3 bedrooms) in City Centre |
4,322.37 £ (756,355.58 kr) |
2,148.54 £ (375,965.52 kr) |
-50.3 % |
| Apartment (3 bedrooms) Outside of Centre |
2,871.05 £ (502,395.09 kr) |
1,910.70 £ (334,346.15 kr) |
-33.4 % |
Buy Apartment Price | London Edit |
Reykjavik Edit | |
| Price per Square Feet to Buy Apartment in City Centre |
1,311.20 £ (229,442.44 kr) |
469.98 £ (82,240.62 kr) |
-64.2 % |
| Price per Square Feet to Buy Apartment Outside of Centre |
716.48 £ (125,374.04 kr) |
370.16 £ (64,773.34 kr) |
-48.3 % |
Salaries And Financing | London Edit |
Reykjavik Edit | |
| Average Monthly Net Salary (After Tax) |
3,231.91 £ (565,540.32 kr) |
2,933.83 £ (513,380.43 kr) |
-9.2 % |
| Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate | 5.60 | 8.14 | +45.5 % |
| Last update: | April 2024 | April 2024 | |
| Contributors in the past 12 months: | 916 | 163 |
Moving to London? Explore:
Moving to Reykjavik? Explore:
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 |
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 |