Cost of Living Comparison Between Glasgow and Reykjavik 

Indices DifferenceInfo
Cost of Living in Reykjavik is 39.2% higher than in Glasgow (excluding rent)
Cost of Living Including Rent in Reykjavik is 39.6% higher than in Glasgow
Rent Prices in Reykjavik are 40.5% higher than in Glasgow
Restaurant Prices in Reykjavik are 50.9% higher than in Glasgow
Groceries Prices in Reykjavik are 57.3% higher than in Glasgow
Local Purchasing Power in Reykjavik is 8.4% lower than in Glasgow
Currency: Sticky Currency      Switch to metric measurement units
Restaurants
Glasgow Edit Reykjavik Edit Difference
Meal, Inexpensive Restaurant 15.00 £
(2,599.38 kr)
19.33 £
(3,350.00 kr)
     +28.9 %
Meal for 2 People, Mid-range Restaurant, Three-course 70.00 £
(12,130.44 kr)
109.64 £
(19,000.00 kr)
     +56.6 %
McMeal at McDonalds (or Equivalent Combo Meal) 7.25 £
(1,256.37 kr)
15.58 £
(2,700.00 kr)
     +114.9 %
Domestic Beer (1 pint draught) 5.00 £
(866.46 kr)
9.23 £
(1,600.00 kr)
     +84.7 %
Imported Beer (12 oz small bottle) 5.00 £
(866.46 kr)
7.79 £
(1,350.00 kr)
     +55.8 %
Cappuccino (regular) 3.61 £
(626.02 kr)
4.38 £
(759.11 kr)
     +21.3 %
Coke/Pepsi (12 oz small bottle) 1.64 £
(284.20 kr)
2.36 £
(409.60 kr)
     +44.1 %
Water (12 oz small bottle) 1.11 £
(192.82 kr)
1.85 £
(320.58 kr)
     +66.3 %
Markets
Glasgow Edit Reykjavik Edit
Milk (regular), (1 gallon) 4.89 £
(847.31 kr)
5.08 £
(880.45 kr)
     +3.9 %
Loaf of Fresh White Bread (1 lb) 1.13 £
(195.61 kr)
2.78 £
(481.56 kr)
     +146.2 %
Rice (white), (1 lb) 0.87 £
(151.06 kr)
1.17 £
(202.66 kr)
     +34.2 %
Eggs (regular) (12) 2.90 £
(502.62 kr)
4.62 £
(800.74 kr)
     +59.3 %
Local Cheese (1 lb) 3.45 £
(597.18 kr)
5.92 £
(1,026.38 kr)
     +71.9 %
Chicken Fillets (1 lb) 3.07 £
(531.57 kr)
7.73 £
(1,340.13 kr)
     +152.1 %
Beef Round (1 lb) (or Equivalent Back Leg Red Meat) 4.81 £
(833.51 kr)
13.98 £
(2,422.90 kr)
     +190.7 %
Apples (1 lb) 1.16 £
(201.16 kr)
1.05 £
(181.34 kr)
     -9.9 %
Banana (1 lb) 0.60 £
(104.57 kr)
0.81 £
(139.78 kr)
     +33.7 %
Oranges (1 lb) 1.11 £
(192.06 kr)
0.98 £
(170.46 kr)
     -11.2 %
Tomato (1 lb) 1.28 £
(222.07 kr)
1.54 £
(267.58 kr)
     +20.5 %
Potato (1 lb) 0.59 £
(103.09 kr)
1.18 £
(205.05 kr)
     +98.9 %
Onion (1 lb) 0.65 £
(113.40 kr)
0.80 £
(138.57 kr)
     +22.2 %
Lettuce (1 head) 0.91 £
(157.91 kr)
2.25 £
(389.40 kr)
     +146.6 %
Water (1.5 liter bottle) 1.17 £
(202.03 kr)
1.39 £
(240.38 kr)
     +19.0 %
Bottle of Wine (Mid-Range) 8.00 £
(1,386.34 kr)
17.31 £
(3,000.00 kr)
     +116.4 %
Domestic Beer (0.5 liter bottle) 2.17 £
(376.14 kr)
2.65 £
(458.57 kr)
     +21.9 %
Imported Beer (12 oz small bottle) 2.34 £
(405.94 kr)
2.36 £
(408.91 kr)
     +0.7 %
Cigarettes 20 Pack (Marlboro) 15.42 £
(2,672.16 kr)
9.81 £
(1,700.00 kr)
     -36.4 %
Transportation
Glasgow Edit Reykjavik Edit
One-way Ticket (Local Transport) 3.00 £
(519.88 kr)
3.75 £
(650.00 kr)
     +25.0 %
Monthly Pass (Regular Price) 65.90 £
(11,419.94 kr)
62.32 £
(10,800.00 kr)
     -5.4 %
Taxi Start (Normal Tariff) 4.00 £
(693.17 kr)
4.56 £
(790.00 kr)
     +14.0 %
Taxi 1 mile (Normal Tariff) 2.94 £
(509.04 kr)
3.01 £
(521.43 kr)
     +2.4 %
Taxi 1hour Waiting (Normal Tariff) 20.00 £
(3,465.84 kr)
61.80 £
(10,710.00 kr)
     +209.0 %
Gasoline (1 gallon) 5.48 £
(949.26 kr)
6.79 £
(1,176.25 kr)
     +23.9 %
Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) 28,285.00 £
(4,901,564.31 kr)
33,988.87 £
(5,890,000.00 kr)
     +20.2 %
Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) 28,502.14 £
(4,939,193.43 kr)
37,508.94 £
(6,500,000.00 kr)
     +31.6 %
Utilities (Monthly)
Glasgow Edit Reykjavik Edit
Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment 269.02 £
(46,618.69 kr)
63.12 £
(10,938.25 kr)
     -76.5 %
Mobile Phone Monthly Plan with Calls and 10GB+ Data 13.03 £
(2,257.65 kr)
19.69 £
(3,412.61 kr)
     +51.2 %
Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) 29.45 £
(5,104.08 kr)
61.28 £
(10,618.75 kr)
     +108.0 %
Sports And Leisure
Glasgow Edit Reykjavik Edit
Fitness Club, Monthly Fee for 1 Adult 39.69 £
(6,877.42 kr)
59.20 £
(10,259.47 kr)
     +49.2 %
Tennis Court Rent (1 Hour on Weekend) 14.33 £
(2,483.85 kr)
26.93 £
(4,666.67 kr)
     +87.9 %
Cinema, International Release, 1 Seat 13.00 £
(2,252.80 kr)
12.64 £
(2,190.00 kr)
     -2.8 %
Childcare
Glasgow Edit Reykjavik Edit
Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child 853.33 £
(147,875.84 kr)
230.61 £
(39,962.88 kr)
     -73.0 %
International Primary School, Yearly for 1 Child 12,000.00 £
(2,079,504.04 kr)
21,606.85 £
(3,744,295.00 kr)
     +80.1 %
Clothing And Shoes
Glasgow Edit Reykjavik Edit
1 Pair of Jeans (Levis 501 Or Similar) 91.46 £
(15,849.55 kr)
99.78 £
(17,291.54 kr)
     +9.1 %
1 Summer Dress in a Chain Store (Zara, H&M, ...) 37.78 £
(6,546.59 kr)
44.24 £
(7,665.83 kr)
     +17.1 %
1 Pair of Nike Running Shoes (Mid-Range) 83.78 £
(14,518.02 kr)
131.03 £
(22,706.79 kr)
     +56.4 %
1 Pair of Men Leather Business Shoes 81.75 £
(14,166.62 kr)
190.94 £
(33,089.09 kr)
     +133.6 %
Rent Per Month
Glasgow Edit Reykjavik Edit
Apartment (1 bedroom) in City Centre 1,030.21 £
(178,527.25 kr)
1,589.66 £
(275,476.19 kr)
     +54.3 %
Apartment (1 bedroom) Outside of Centre 745.79 £
(129,239.35 kr)
1,457.08 £
(252,500.00 kr)
     +95.4 %
Apartment (3 bedrooms) in City Centre 2,025.23 £
(350,956.30 kr)
2,282.52 £
(395,541.67 kr)
     +12.7 %
Apartment (3 bedrooms) Outside of Centre 1,399.69 £
(242,554.65 kr)
1,969.35 £
(341,272.73 kr)
     +40.7 %
Buy Apartment Price
Glasgow Edit Reykjavik Edit
Price per Square Feet to Buy Apartment in City Centre 285.98 £
(49,558.77 kr)
508.85 £
(88,179.73 kr)
     +77.9 %
Price per Square Feet to Buy Apartment Outside of Centre 214.23 £
(37,123.93 kr)
429.00 £
(74,343.01 kr)
     +100.3 %
Salaries And Financing
Glasgow Edit Reykjavik Edit
Average Monthly Net Salary (After Tax) 2,439.84 £
(422,804.38 kr)
3,120.71 £
(540,793.88 kr)
     +27.9 %
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 5.32 9.70      +82.4 %
Last update: May 2025May 2025
Contributors in the past 12 months:105118