Cost of Living Comparison Between Glasgow and Reykjavik 

Indices DifferenceInfo
Cost of Living in Reykjavik is 31.0% higher than in Glasgow (without rent)
Cost of Living Including Rent in Reykjavik is 33.4% higher than in Glasgow
Rent Prices in Reykjavik are 39.5% higher than in Glasgow
Restaurant Prices in Reykjavik are 41.3% higher than in Glasgow
Groceries Prices in Reykjavik are 53.6% higher than in Glasgow
Local Purchasing Power in Reykjavik is 17.4% lower than in Glasgow
Currency: Sticky Currency      Switch to metric measurement units
Restaurants
Glasgow Edit Reykjavik Edit Difference
Meal, Inexpensive Restaurant 15.00 £
(2,664.74 kr)
16.89 £
(3,000.00 kr)
     +12.6 %
Meal for 2 People, Mid-range Restaurant, Three-course 63.00 £
(11,191.92 kr)
95.69 £
(17,000.00 kr)
     +51.9 %
McMeal at McDonalds (or Equivalent Combo Meal) 7.00 £
(1,243.55 kr)
13.51 £
(2,400.00 kr)
     +93.0 %
Domestic Beer (1 pint draught) 4.50 £
(799.42 kr)
8.44 £
(1,500.00 kr)
     +87.6 %
Imported Beer (12 oz small bottle) 5.00 £
(888.25 kr)
7.88 £
(1,400.00 kr)
     +57.6 %
Cappuccino (regular) 3.33 £
(591.18 kr)
4.08 £
(725.36 kr)
     +22.7 %
Coke/Pepsi (12 oz small bottle) 1.73 £
(306.45 kr)
2.40 £
(427.13 kr)
     +39.4 %
Water (12 oz small bottle) 1.16 £
(205.51 kr)
1.67 £
(296.42 kr)
     +44.2 %
Markets
Glasgow Edit Reykjavik Edit
Milk (regular), (1 gallon) 4.67 £
(829.18 kr)
4.93 £
(876.61 kr)
     +5.7 %
Loaf of Fresh White Bread (1 lb) 1.11 £
(197.62 kr)
2.55 £
(452.95 kr)
     +129.2 %
Rice (white), (1 lb) 0.73 £
(129.33 kr)
1.07 £
(190.32 kr)
     +47.2 %
Eggs (regular) (12) 2.89 £
(513.74 kr)
4.57 £
(811.98 kr)
     +58.1 %
Local Cheese (1 lb) 3.49 £
(620.57 kr)
5.50 £
(976.85 kr)
     +57.4 %
Chicken Fillets (1 lb) 3.03 £
(538.95 kr)
7.20 £
(1,278.45 kr)
     +137.2 %
Beef Round (1 lb) (or Equivalent Back Leg Red Meat) 4.87 £
(865.42 kr)
12.07 £
(2,144.75 kr)
     +147.8 %
Apples (1 lb) 1.02 £
(180.71 kr)
1.02 £
(181.46 kr)
     +0.4 %
Banana (1 lb) 0.49 £
(87.45 kr)
0.76 £
(135.44 kr)
     +54.9 %
Oranges (1 lb) 1.00 £
(178.52 kr)
0.95 £
(169.45 kr)
     -5.1 %
Tomato (1 lb) 1.55 £
(275.97 kr)
1.76 £
(313.54 kr)
     +13.6 %
Potato (1 lb) 0.45 £
(79.39 kr)
1.07 £
(190.84 kr)
     +140.4 %
Onion (1 lb) 0.47 £
(83.87 kr)
0.74 £
(130.73 kr)
     +55.9 %
Lettuce (1 head) 0.80 £
(141.85 kr)
2.23 £
(396.36 kr)
     +179.4 %
Water (1.5 liter bottle) 0.86 £
(152.88 kr)
1.48 £
(263.00 kr)
     +72.0 %
Bottle of Wine (Mid-Range) 8.00 £
(1,421.20 kr)
16.43 £
(2,918.50 kr)
     +105.4 %
Domestic Beer (0.5 liter bottle) 1.88 £
(333.78 kr)
2.45 £
(436.05 kr)
     +30.6 %
Imported Beer (12 oz small bottle) 2.15 £
(382.63 kr)
1.94 £
(345.06 kr)
     -9.8 %
Cigarettes 20 Pack (Marlboro) 14.68 £
(2,607.01 kr)
9.31 £
(1,654.50 kr)
     -36.5 %
Transportation
Glasgow Edit Reykjavik Edit
One-way Ticket (Local Transport) 2.77 £
(492.98 kr)
3.29 £
(585.00 kr)
     +18.7 %
Monthly Pass (Regular Price) 61.80 £
(10,978.74 kr)
58.54 £
(10,400.00 kr)
     -5.3 %
Taxi Start (Normal Tariff) 3.75 £
(666.19 kr)
4.11 £
(730.00 kr)
     +9.6 %
Taxi 1 mile (Normal Tariff) 2.90 £
(514.62 kr)
2.94 £
(521.43 kr)
     +1.3 %
Taxi 1hour Waiting (Normal Tariff) 20.00 £
(3,552.99 kr)
57.75 £
(10,260.00 kr)
     +188.8 %
Gasoline (1 gallon) 5.52 £
(981.18 kr)
6.69 £
(1,187.92 kr)
     +21.1 %
Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) 28,285.00 £
(5,024,816.24 kr)
32,592.27 £
(5,790,000.00 kr)
     +15.2 %
Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) 26,200.00 £
(4,654,417.03 kr)
34,136.51 £
(6,064,333.33 kr)
     +30.3 %
Utilities (Monthly)
Glasgow Edit Reykjavik Edit
Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment 278.17 £
(49,416.34 kr)
65.32 £
(11,604.71 kr)
     -76.5 %
Mobile Phone Monthly Plan with Calls and 10GB+ Data 13.16 £
(2,337.66 kr)
18.45 £
(3,277.06 kr)
     +40.2 %
Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) 31.50 £
(5,595.96 kr)
52.71 £
(9,363.78 kr)
     +67.3 %
Sports And Leisure
Glasgow Edit Reykjavik Edit
Fitness Club, Monthly Fee for 1 Adult 39.74 £
(7,059.23 kr)
50.66 £
(8,999.12 kr)
     +27.5 %
Tennis Court Rent (1 Hour on Weekend) 14.67 £
(2,605.53 kr)
22.99 £
(4,083.33 kr)
     +56.7 %
Cinema, International Release, 1 Seat 12.00 £
(2,131.79 kr)
11.51 £
(2,045.00 kr)
     -4.1 %
Childcare
Glasgow Edit Reykjavik Edit
Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child 944.17 £
(167,730.74 kr)
189.49 £
(33,662.22 kr)
     -79.9 %
International Primary School, Yearly for 1 Child 9,750.00 £
(1,732,082.67 kr)
4,681.50 £
(831,666.67 kr)
     -52.0 %
Clothing And Shoes
Glasgow Edit Reykjavik Edit
1 Pair of Jeans (Levis 501 Or Similar) 73.08 £
(12,982.08 kr)
78.71 £
(13,983.05 kr)
     +7.7 %
1 Summer Dress in a Chain Store (Zara, H&M, ...) 36.00 £
(6,395.22 kr)
34.46 £
(6,121.92 kr)
     -4.3 %
1 Pair of Nike Running Shoes (Mid-Range) 89.58 £
(15,914.43 kr)
108.72 £
(19,313.64 kr)
     +21.4 %
1 Pair of Men Leather Business Shoes 76.11 £
(13,521.10 kr)
142.12 £
(25,248.12 kr)
     +86.7 %
Rent Per Month
Glasgow Edit Reykjavik Edit
Apartment (1 bedroom) in City Centre 1,089.50 £
(193,549.14 kr)
1,481.22 £
(263,138.10 kr)
     +36.0 %
Apartment (1 bedroom) Outside of Centre 760.62 £
(135,124.65 kr)
1,334.43 £
(237,061.18 kr)
     +75.4 %
Apartment (3 bedrooms) in City Centre 1,858.00 £
(330,072.78 kr)
2,138.61 £
(379,923.08 kr)
     +15.1 %
Apartment (3 bedrooms) Outside of Centre 1,208.17 £
(214,630.21 kr)
1,904.03 £
(338,250.00 kr)
     +57.6 %
Buy Apartment Price
Glasgow Edit Reykjavik Edit
Price per Square Feet to Buy Apartment in City Centre 273.36 £
(48,563.14 kr)
450.52 £
(80,035.30 kr)
     +64.8 %
Price per Square Feet to Buy Apartment Outside of Centre 227.61 £
(40,434.16 kr)
353.82 £
(62,855.60 kr)
     +55.5 %
Salaries And Financing
Glasgow Edit Reykjavik Edit
Average Monthly Net Salary (After Tax) 2,648.84 £
(470,564.29 kr)
2,918.72 £
(518,509.52 kr)
     +10.2 %
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 5.70 8.07      +41.6 %
Last update: July 2024July 2024
Contributors in the past 12 months:146185