Cost of Living Comparison Between Glasgow and Reykjavik 

Indices DifferenceInfo
Consumer Prices in Reykjavik are 38.4% higher than in Glasgow (without rent)
Consumer Prices Including Rent in Reykjavik are 43.3% higher than in Glasgow
Rent Prices in Reykjavik are 55.9% higher than in Glasgow
Restaurant Prices in Reykjavik are 38.6% higher than in Glasgow
Groceries Prices in Reykjavik are 68.3% higher than in Glasgow
Local Purchasing Power in Reykjavik is 15.1% lower than in Glasgow
Currency: Sticky Currency      Switch to metric measurement units
Restaurants
Glasgow Edit Reykjavik Edit Difference
Meal, Inexpensive Restaurant 15.00 £
(2,510.98 kr)
16.43 £
(2,750.00 kr)
     +9.5 %
Meal for 2 People, Mid-range Restaurant, Three-course 60.00 £
(10,043.92 kr)
94.09 £
(15,750.00 kr)
     +56.8 %
McMeal at McDonalds (or Equivalent Combo Meal) 6.50 £
(1,088.09 kr)
12.81 £
(2,145.00 kr)
     +97.1 %
Domestic Beer (1 pint draught) 4.20 £
(703.07 kr)
8.36 £
(1,400.00 kr)
     +99.1 %
Imported Beer (12 oz small bottle) 4.35 £
(728.18 kr)
7.17 £
(1,200.00 kr)
     +64.8 %
Cappuccino (regular) 3.02 £
(506.24 kr)
3.85 £
(643.82 kr)
     +27.2 %
Coke/Pepsi (12 oz small bottle) 1.66 £
(277.73 kr)
2.30 £
(384.22 kr)
     +38.3 %
Water (12 oz small bottle) 1.11 £
(185.81 kr)
1.75 £
(292.17 kr)
     +57.2 %
Markets
Glasgow Edit Reykjavik Edit
Milk (regular), (1 gallon) 4.20 £
(703.30 kr)
4.94 £
(827.00 kr)
     +17.6 %
Loaf of Fresh White Bread (1 lb) 1.04 £
(173.85 kr)
2.69 £
(449.97 kr)
     +158.8 %
Rice (white), (1 lb) 0.65 £
(108.68 kr)
1.20 £
(201.00 kr)
     +85.0 %
Eggs (regular) (12) 2.32 £
(389.17 kr)
4.98 £
(833.09 kr)
     +114.1 %
Local Cheese (1 lb) 3.28 £
(548.76 kr)
5.47 £
(915.02 kr)
     +66.7 %
Chicken Fillets (1 lb) 2.95 £
(494.59 kr)
7.07 £
(1,182.75 kr)
     +139.1 %
Beef Round (1 lb) (or Equivalent Back Leg Red Meat) 4.79 £
(801.29 kr)
11.01 £
(1,843.47 kr)
     +130.1 %
Apples (1 lb) 0.94 £
(157.08 kr)
1.17 £
(195.24 kr)
     +24.3 %
Banana (1 lb) 0.45 £
(75.04 kr)
0.80 £
(134.33 kr)
     +79.0 %
Oranges (1 lb) 0.92 £
(154.62 kr)
0.94 £
(157.95 kr)
     +2.1 %
Tomato (1 lb) 1.06 £
(177.38 kr)
1.81 £
(302.53 kr)
     +70.6 %
Potato (1 lb) 0.42 £
(70.84 kr)
1.06 £
(177.55 kr)
     +150.6 %
Onion (1 lb) 0.41 £
(68.15 kr)
0.63 £
(104.94 kr)
     +54.0 %
Lettuce (1 head) 0.76 £
(127.69 kr)
2.49 £
(417.41 kr)
     +226.9 %
Water (1.5 liter bottle) 0.87 £
(146.38 kr)
1.68 £
(280.67 kr)
     +91.7 %
Bottle of Wine (Mid-Range) 8.00 £
(1,339.19 kr)
16.73 £
(2,800.00 kr)
     +109.1 %
Domestic Beer (0.5 liter bottle) 1.74 £
(291.84 kr)
2.56 £
(429.23 kr)
     +47.1 %
Imported Beer (12 oz small bottle) 1.95 £
(325.83 kr)
2.11 £
(353.50 kr)
     +8.5 %
Cigarettes 20 Pack (Marlboro) 13.00 £
(2,176.18 kr)
9.86 £
(1,650.00 kr)
     -24.2 %
Transportation
Glasgow Edit Reykjavik Edit
One-way Ticket (Local Transport) 2.50 £
(418.50 kr)
3.29 £
(550.00 kr)
     +31.4 %
Monthly Pass (Regular Price) 70.00 £
(11,717.90 kr)
53.76 £
(9,000.00 kr)
     -23.2 %
Taxi Start (Normal Tariff) 4.00 £
(669.59 kr)
4.36 £
(730.00 kr)
     +9.0 %
Taxi 1 mile (Normal Tariff) 2.00 £
(334.80 kr)
3.49 £
(583.39 kr)
     +74.3 %
Taxi 1hour Waiting (Normal Tariff) 16.80 £
(2,812.30 kr)
55.91 £
(9,360.00 kr)
     +232.8 %
Gasoline (1 gallon) 6.38 £
(1,067.53 kr)
7.26 £
(1,215.17 kr)
     +13.8 %
Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) 24,000.00 £
(4,017,566.10 kr)
32,228.47 £
(5,395,000.00 kr)
     +34.3 %
Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) 25,714.29 £
(4,304,535.10 kr)
34,799.03 £
(5,825,307.69 kr)
     +35.3 %
Utilities (Monthly)
Glasgow Edit Reykjavik Edit
Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment 251.14 £
(42,040.67 kr)
73.79 £
(12,351.53 kr)
     -70.6 %
Mobile Phone Monthly Plan with Calls and 10GB+ Data 12.11 £
(2,027.38 kr)
18.93 £
(3,168.33 kr)
     +56.3 %
Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) 31.48 £
(5,269.71 kr)
54.17 £
(9,068.26 kr)
     +72.1 %
Sports And Leisure
Glasgow Edit Reykjavik Edit
Fitness Club, Monthly Fee for 1 Adult 33.33 £
(5,579.95 kr)
56.28 £
(9,421.77 kr)
     +68.9 %
Tennis Court Rent (1 Hour on Weekend) 13.00 £
(2,176.18 kr)
23.98 £
(4,014.29 kr)
     +84.5 %
Cinema, International Release, 1 Seat 10.00 £
(1,673.99 kr)
11.95 £
(2,000.00 kr)
     +19.5 %
Childcare
Glasgow Edit Reykjavik Edit
Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child 775.00 £
(129,733.91 kr)
205.09 £
(34,332.45 kr)
     -73.5 %
International Primary School, Yearly for 1 Child 9,750.00 £
(1,632,136.23 kr)
4,968.18 £
(831,666.67 kr)
     -49.0 %
Clothing And Shoes
Glasgow Edit Reykjavik Edit
1 Pair of Jeans (Levis 501 Or Similar) 79.17 £
(13,252.39 kr)
87.04 £
(14,569.90 kr)
     +9.9 %
1 Summer Dress in a Chain Store (Zara, H&M, ...) 29.00 £
(4,854.43 kr)
33.61 £
(5,626.67 kr)
     +15.9 %
1 Pair of Nike Running Shoes (Mid-Range) 78.67 £
(13,168.69 kr)
112.36 £
(18,808.18 kr)
     +42.8 %
1 Pair of Men Leather Business Shoes 72.08 £
(12,066.65 kr)
149.86 £
(25,086.76 kr)
     +107.9 %
Rent Per Month
Glasgow Edit Reykjavik Edit
Apartment (1 bedroom) in City Centre 886.96 £
(148,475.85 kr)
1,390.95 £
(232,842.24 kr)
     +56.8 %
Apartment (1 bedroom) Outside of Centre 692.05 £
(115,847.43 kr)
1,228.27 £
(205,610.36 kr)
     +77.5 %
Apartment (3 bedrooms) in City Centre 1,521.74 £
(254,736.98 kr)
2,134.00 £
(357,228.57 kr)
     +40.2 %
Apartment (3 bedrooms) Outside of Centre 1,090.46 £
(182,541.72 kr)
1,830.03 £
(306,343.75 kr)
     +67.8 %
Buy Apartment Price
Glasgow Edit Reykjavik Edit
Price per Square Feet to Buy Apartment in City Centre 401.47 £
(67,205.01 kr)
476.92 £
(79,835.36 kr)
     +18.8 %
Price per Square Feet to Buy Apartment Outside of Centre 236.50 £
(39,589.56 kr)
367.40 £
(61,502.41 kr)
     +55.4 %
Salaries And Financing
Glasgow Edit Reykjavik Edit
Average Monthly Net Salary (After Tax) 2,510.21 £
(420,205.55 kr)
3,054.67 £
(511,347.88 kr)
     +21.7 %
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 4.50 7.59      +68.8 %
Last update: September 2023September 2023
Contributors in the past 12 months:179229