Cost of Living Comparison Between Iceland and United Kingdom 
| Indices Difference |  |
|---|---|
| Consumer Prices in United Kingdom are 25.6% lower than in Iceland (without rent) | |
| Consumer Prices Including Rent in United Kingdom are 24.1% lower than in Iceland | |
| Rent Prices in United Kingdom are 20.5% lower than in Iceland | |
| Restaurant Prices in United Kingdom are 27.6% lower than in Iceland | |
| Groceries Prices in United Kingdom are 36.3% lower than in Iceland | |
| Local Purchasing Power in United Kingdom is 6.4% lower than in Iceland | |
Restaurants | Iceland Edit |
United Kingdom Edit | Difference |
|---|---|---|---|
| Meal, Inexpensive Restaurant |
3,000.00 kr (17.12 £) |
2,627.97 kr (15.00 £) |
-12.4 % |
| Meal for 2 People, Mid-range Restaurant, Three-course |
16,000.00 kr (91.33 £) |
10,511.89 kr (60.00 £) |
-34.3 % |
| McMeal at McDonalds (or Equivalent Combo Meal) |
2,299.50 kr (13.13 £) |
1,226.39 kr (7.00 £) |
-46.7 % |
| Domestic Beer (1 pint draught) |
1,447.50 kr (8.26 £) |
788.39 kr (4.50 £) |
-45.5 % |
| Imported Beer (12 oz small bottle) |
1,200.00 kr (6.85 £) |
744.59 kr (4.25 £) |
-38.0 % |
| Cappuccino (regular) |
684.27 kr (3.91 £) |
555.33 kr (3.17 £) |
-18.8 % |
| Coke/Pepsi (12 oz small bottle) |
392.91 kr (2.24 £) |
303.44 kr (1.73 £) |
-22.8 % |
| Water (12 oz small bottle) |
295.60 kr (1.69 £) |
218.80 kr (1.25 £) |
-26.0 % |
Markets | Iceland Edit |
United Kingdom Edit | |
| Milk (regular), (1 gallon) |
851.36 kr (4.86 £) |
821.10 kr (4.69 £) |
-3.6 % |
| Loaf of Fresh White Bread (1 lb) |
436.03 kr (2.49 £) |
193.43 kr (1.10 £) |
-55.6 % |
| Rice (white), (1 lb) |
200.69 kr (1.15 £) |
124.90 kr (0.71 £) |
-37.8 % |
| Eggs (regular) (12) |
799.63 kr (4.56 £) |
514.12 kr (2.93 £) |
-35.7 % |
| Local Cheese (1 lb) |
922.17 kr (5.26 £) |
553.57 kr (3.16 £) |
-40.0 % |
| Chicken Fillets (1 lb) |
1,174.00 kr (6.70 £) |
520.43 kr (2.97 £) |
-55.7 % |
| Beef Round (1 lb) (or Equivalent Back Leg Red Meat) |
1,944.92 kr (11.10 £) |
837.54 kr (4.78 £) |
-56.9 % |
| Apples (1 lb) |
197.01 kr (1.12 £) |
168.35 kr (0.96 £) |
-14.5 % |
| Banana (1 lb) |
139.16 kr (0.79 £) |
91.14 kr (0.52 £) |
-34.5 % |
| Oranges (1 lb) |
171.20 kr (0.98 £) |
168.22 kr (0.96 £) |
-1.7 % |
| Tomato (1 lb) |
292.63 kr (1.67 £) |
210.56 kr (1.20 £) |
-28.0 % |
| Potato (1 lb) |
192.76 kr (1.10 £) |
88.48 kr (0.51 £) |
-54.1 % |
| Onion (1 lb) |
120.36 kr (0.69 £) |
83.15 kr (0.47 £) |
-30.9 % |
| Lettuce (1 head) |
434.00 kr (2.48 £) |
134.54 kr (0.77 £) |
-69.0 % |
| Water (1.5 liter bottle) |
293.59 kr (1.68 £) |
185.99 kr (1.06 £) |
-36.7 % |
| Bottle of Wine (Mid-Range) |
2,750.00 kr (15.70 £) |
1,399.83 kr (7.99 £) |
-49.1 % |
| Domestic Beer (0.5 liter bottle) |
439.70 kr (2.51 £) |
337.53 kr (1.93 £) |
-23.2 % |
| Imported Beer (12 oz small bottle) |
369.58 kr (2.11 £) |
415.48 kr (2.37 £) |
+12.4 % |
| Cigarettes 20 Pack (Marlboro) |
1,600.00 kr (9.13 £) |
2,277.58 kr (13.00 £) |
+42.3 % |
Transportation | Iceland Edit |
United Kingdom Edit | |
| One-way Ticket (Local Transport) |
570.00 kr (3.25 £) |
420.48 kr (2.40 £) |
-26.2 % |
| Monthly Pass (Regular Price) |
9,300.00 kr (53.08 £) |
12,176.28 kr (69.50 £) |
+30.9 % |
| Taxi Start (Normal Tariff) |
730.00 kr (4.17 £) |
525.59 kr (3.00 £) |
-28.0 % |
| Taxi 1 mile (Normal Tariff) |
487.63 kr (2.78 £) |
349.62 kr (2.00 £) |
-28.3 % |
| Taxi 1hour Waiting (Normal Tariff) |
9,360.00 kr (53.43 £) |
3,048.45 kr (17.40 £) |
-67.4 % |
| Gasoline (1 gallon) |
1,178.79 kr (6.73 £) |
997.32 kr (5.69 £) |
-15.4 % |
| Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) |
5,290,000.00 kr (30,194.37 £) |
4,955,482.03 kr (28,285.00 £) |
-6.3 % |
| Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) |
5,774,916.67 kr (32,962.19 £) |
4,362,687.42 kr (24,901.44 £) |
-24.5 % |
Utilities (Monthly) | Iceland Edit |
United Kingdom Edit | |
| Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment |
14,762.77 kr (84.26 £) |
44,040.23 kr (251.37 £) |
+198.3 % |
| Mobile Phone Monthly Plan with Calls and 10GB+ Data |
3,320.53 kr (18.95 £) |
2,164.76 kr (12.36 £) |
-34.8 % |
| Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) |
9,865.73 kr (56.31 £) |
5,350.34 kr (30.54 £) |
-45.8 % |
Sports And Leisure | Iceland Edit |
United Kingdom Edit | |
| Fitness Club, Monthly Fee for 1 Adult |
8,865.14 kr (50.60 £) |
5,678.38 kr (32.41 £) |
-35.9 % |
| Tennis Court Rent (1 Hour on Weekend) |
4,248.33 kr (24.25 £) |
1,920.38 kr (10.96 £) |
-54.8 % |
| Cinema, International Release, 1 Seat |
2,000.00 kr (11.42 £) |
1,751.98 kr (10.00 £) |
-12.4 % |
Childcare | Iceland Edit |
United Kingdom Edit | |
| Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child |
36,663.56 kr (209.27 £) |
217,669.28 kr (1,242.42 £) |
+493.7 % |
| International Primary School, Yearly for 1 Child |
776,250.00 kr (4,430.70 £) |
2,561,436.06 kr (14,620.22 £) |
+230.0 % |
Clothing And Shoes | Iceland Edit |
United Kingdom Edit | |
| 1 Pair of Jeans (Levis 501 Or Similar) |
16,025.31 kr (91.47 £) |
11,200.15 kr (63.93 £) |
-30.1 % |
| 1 Summer Dress in a Chain Store (Zara, H&M, ...) |
6,962.11 kr (39.74 £) |
5,495.41 kr (31.37 £) |
-21.1 % |
| 1 Pair of Nike Running Shoes (Mid-Range) |
21,026.67 kr (120.02 £) |
12,916.00 kr (73.72 £) |
-38.6 % |
| 1 Pair of Men Leather Business Shoes |
24,089.05 kr (137.50 £) |
13,134.83 kr (74.97 £) |
-45.5 % |
Rent Per Month | Iceland Edit |
United Kingdom Edit | |
| Apartment (1 bedroom) in City Centre |
242,702.09 kr (1,385.30 £) |
184,977.15 kr (1,055.82 £) |
-23.8 % |
| Apartment (1 bedroom) Outside of Centre |
216,068.25 kr (1,233.28 £) |
153,906.23 kr (878.47 £) |
-28.8 % |
| Apartment (3 bedrooms) in City Centre |
341,073.17 kr (1,946.78 £) |
307,148.58 kr (1,753.15 £) |
-9.9 % |
| Apartment (3 bedrooms) Outside of Centre |
308,918.92 kr (1,763.25 £) |
235,933.67 kr (1,346.67 £) |
-23.6 % |
Buy Apartment Price | Iceland Edit |
United Kingdom Edit | |
| Price per Square Feet to Buy Apartment in City Centre |
73,973.43 kr (422.23 £) |
82,361.93 kr (470.11 £) |
+11.3 % |
| Price per Square Feet to Buy Apartment Outside of Centre |
60,044.24 kr (342.72 £) |
61,697.40 kr (352.16 £) |
+2.8 % |
Salaries And Financing | Iceland Edit |
United Kingdom Edit | |
| Average Monthly Net Salary (After Tax) |
583,770.74 kr (3,332.06 £) |
415,121.27 kr (2,369.44 £) |
-28.9 % |
| Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate | 7.37 | 5.89 | -20.1 % |
| Last update: | April 2024 | May 2024 | |
| Contributors in the past 12 months: | 199 | 3679 |
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