Cost of Living Comparison Between London and Reykjavik 
| Indices Difference |  |
|---|---|
| Cost of Living in Reykjavik is 7.3% higher than in London (without rent) | |
| Cost of Living Including Rent in Reykjavik is 12.9% lower than in London | |
| Rent Prices in Reykjavik are 38.2% lower than in London | |
| Restaurant Prices in Reykjavik are 8.6% higher than in London | |
| Groceries Prices in Reykjavik are 39.1% higher than in London | |
| Local Purchasing Power in Reykjavik is 4.6% lower than in London | |
Restaurants | London Edit |
Reykjavik Edit | Difference |
|---|---|---|---|
| Meal, Inexpensive Restaurant |
20.00 £ (3,524.40 kr) |
17.02 £ (3,000.00 kr) |
-14.9 % |
| Meal for 2 People, Mid-range Restaurant, Three-course |
80.00 £ (14,097.62 kr) |
96.47 £ (17,000.00 kr) |
+20.6 % |
| McMeal at McDonalds (or Equivalent Combo Meal) |
8.00 £ (1,409.76 kr) |
13.62 £ (2,400.00 kr) |
+70.2 % |
| Domestic Beer (1 pint draught) |
6.50 £ (1,145.43 kr) |
8.51 £ (1,500.00 kr) |
+31.0 % |
| Imported Beer (12 oz small bottle) |
5.75 £ (1,013.27 kr) |
7.09 £ (1,250.00 kr) |
+23.4 % |
| Cappuccino (regular) |
3.62 £ (637.97 kr) |
4.01 £ (706.87 kr) |
+10.8 % |
| Coke/Pepsi (12 oz small bottle) |
2.05 £ (360.93 kr) |
2.29 £ (403.44 kr) |
+11.8 % |
| Water (12 oz small bottle) |
1.63 £ (286.94 kr) |
1.63 £ (287.89 kr) |
+0.3 % |
Markets | London Edit |
Reykjavik Edit | |
| Milk (regular), (1 gallon) |
4.96 £ (873.65 kr) |
4.86 £ (856.52 kr) |
-2.0 % |
| Loaf of Fresh White Bread (1 lb) |
1.41 £ (247.81 kr) |
2.64 £ (464.58 kr) |
+87.5 % |
| Rice (white), (1 lb) |
0.92 £ (162.42 kr) |
1.18 £ (207.81 kr) |
+27.9 % |
| Eggs (regular) (12) |
3.15 £ (554.53 kr) |
4.66 £ (821.68 kr) |
+48.2 % |
| Local Cheese (1 lb) |
3.41 £ (600.43 kr) |
5.48 £ (965.37 kr) |
+60.8 % |
| Chicken Fillets (1 lb) |
3.39 £ (597.12 kr) |
7.00 £ (1,233.09 kr) |
+106.5 % |
| Beef Round (1 lb) (or Equivalent Back Leg Red Meat) |
5.52 £ (971.95 kr) |
11.25 £ (1,982.11 kr) |
+103.9 % |
| Apples (1 lb) |
1.17 £ (205.37 kr) |
1.20 £ (212.21 kr) |
+3.3 % |
| Banana (1 lb) |
0.59 £ (104.77 kr) |
0.76 £ (134.62 kr) |
+28.5 % |
| Oranges (1 lb) |
1.17 £ (206.96 kr) |
0.99 £ (175.06 kr) |
-15.4 % |
| Tomato (1 lb) |
1.39 £ (245.51 kr) |
1.76 £ (309.60 kr) |
+26.1 % |
| Potato (1 lb) |
0.58 £ (101.70 kr) |
1.12 £ (196.68 kr) |
+93.4 % |
| Onion (1 lb) |
0.53 £ (93.56 kr) |
0.80 £ (140.44 kr) |
+50.1 % |
| Lettuce (1 head) |
0.97 £ (170.81 kr) |
2.49 £ (439.56 kr) |
+157.3 % |
| Water (1.5 liter bottle) |
1.31 £ (231.14 kr) |
1.59 £ (281.00 kr) |
+21.6 % |
| Bottle of Wine (Mid-Range) |
9.50 £ (1,674.09 kr) |
15.60 £ (2,749.50 kr) |
+64.2 % |
| Domestic Beer (0.5 liter bottle) |
2.09 £ (368.45 kr) |
2.46 £ (434.15 kr) |
+17.8 % |
| Imported Beer (12 oz small bottle) |
2.44 £ (429.13 kr) |
2.02 £ (355.89 kr) |
-17.1 % |
| Cigarettes 20 Pack (Marlboro) |
15.00 £ (2,643.30 kr) |
9.36 £ (1,650.00 kr) |
-37.6 % |
Transportation | London Edit |
Reykjavik Edit | |
| One-way Ticket (Local Transport) |
2.80 £ (493.42 kr) |
3.23 £ (570.00 kr) |
+15.5 % |
| Monthly Pass (Regular Price) |
200.00 £ (35,244.04 kr) |
52.77 £ (9,300.00 kr) |
-73.6 % |
| Taxi Start (Normal Tariff) |
4.50 £ (792.99 kr) |
4.14 £ (730.00 kr) |
-7.9 % |
| Taxi 1 mile (Normal Tariff) |
3.13 £ (552.33 kr) |
2.86 £ (504.53 kr) |
-8.7 % |
| Taxi 1hour Waiting (Normal Tariff) |
30.00 £ (5,286.61 kr) |
54.65 £ (9,630.00 kr) |
+82.2 % |
| Gasoline (1 gallon) |
5.71 £ (1,005.36 kr) |
6.76 £ (1,191.65 kr) |
+18.5 % |
| Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) |
27,280.00 £ (4,807,287.44 kr) |
32,856.62 £ (5,790,000.00 kr) |
+20.4 % |
| Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) |
25,860.62 £ (4,557,164.87 kr) |
34,224.22 £ (6,031,000.00 kr) |
+32.3 % |
Utilities (Monthly) | London Edit |
Reykjavik Edit | |
| Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment |
291.61 £ (51,388.35 kr) |
66.43 £ (11,705.74 kr) |
-77.2 % |
| Mobile Phone Monthly Plan with Calls and 10GB+ Data |
15.49 £ (2,730.28 kr) |
18.47 £ (3,254.67 kr) |
+19.2 % |
| Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) |
31.23 £ (5,502.69 kr) |
53.97 £ (9,510.93 kr) |
+72.8 % |
Sports And Leisure | London Edit |
Reykjavik Edit | |
| Fitness Club, Monthly Fee for 1 Adult |
45.94 £ (8,095.12 kr) |
51.66 £ (9,103.59 kr) |
+12.5 % |
| Tennis Court Rent (1 Hour on Weekend) |
14.35 £ (2,529.16 kr) |
22.78 £ (4,014.29 kr) |
+58.7 % |
| Cinema, International Release, 1 Seat |
15.00 £ (2,643.30 kr) |
11.35 £ (2,000.00 kr) |
-24.3 % |
Childcare | London Edit |
Reykjavik Edit | |
| Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child |
1,840.34 £ (324,305.21 kr) |
189.57 £ (33,406.33 kr) |
-89.7 % |
| International Primary School, Yearly for 1 Child |
20,054.76 £ (3,534,054.44 kr) |
4,719.47 £ (831,666.67 kr) |
-76.5 % |
Clothing And Shoes | London Edit |
Reykjavik Edit | |
| 1 Pair of Jeans (Levis 501 Or Similar) |
81.68 £ (14,392.91 kr) |
81.98 £ (14,445.76 kr) |
+0.4 % |
| 1 Summer Dress in a Chain Store (Zara, H&M, ...) |
39.57 £ (6,973.22 kr) |
34.30 £ (6,045.00 kr) |
-13.3 % |
| 1 Pair of Nike Running Shoes (Mid-Range) |
89.16 £ (15,711.38 kr) |
111.58 £ (19,661.90 kr) |
+25.1 % |
| 1 Pair of Men Leather Business Shoes |
97.78 £ (17,230.42 kr) |
137.74 £ (24,273.12 kr) |
+40.9 % |
Rent Per Month | London Edit |
Reykjavik Edit | |
| Apartment (1 bedroom) in City Centre |
2,131.63 £ (375,636.76 kr) |
1,470.19 £ (259,077.12 kr) |
-31.0 % |
| Apartment (1 bedroom) Outside of Centre |
1,605.16 £ (282,860.98 kr) |
1,313.95 £ (231,544.05 kr) |
-18.1 % |
| Apartment (3 bedrooms) in City Centre |
4,422.97 £ (779,417.24 kr) |
2,133.50 £ (375,965.52 kr) |
-51.8 % |
| Apartment (3 bedrooms) Outside of Centre |
2,858.97 £ (503,809.07 kr) |
1,896.67 £ (334,230.77 kr) |
-33.7 % |
Buy Apartment Price | London Edit |
Reykjavik Edit | |
| Price per Square Feet to Buy Apartment in City Centre |
1,292.57 £ (227,776.20 kr) |
464.46 £ (81,846.89 kr) |
-64.1 % |
| Price per Square Feet to Buy Apartment Outside of Centre |
739.22 £ (130,265.93 kr) |
368.89 £ (65,005.60 kr) |
-50.1 % |
Salaries And Financing | London Edit |
Reykjavik Edit | |
| Average Monthly Net Salary (After Tax) |
3,507.28 £ (618,054.28 kr) |
2,913.29 £ (513,380.43 kr) |
-16.9 % |
| Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate | 5.51 | 8.14 | +47.9 % |
| Last update: | May 2024 | May 2024 | |
| Contributors in the past 12 months: | 908 | 165 |
Moving to London? Explore:
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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 |