Cost of Living Comparison Between Iceland and United Kingdom 
| Indices Difference |  |
|---|---|
| Cost of Living in United Kingdom is 30.4% lower than in Iceland (excluding rent) | |
| Cost of Living Including Rent in United Kingdom is 31.1% lower than in Iceland | |
| Rent Prices in United Kingdom are 33.0% lower than in Iceland | |
| Restaurant Prices in United Kingdom are 33.1% lower than in Iceland | |
| Groceries Prices in United Kingdom are 40.4% lower than in Iceland | |
| Local Purchasing Power in United Kingdom is 6.3% higher than in Iceland | |
Restaurants | Iceland Edit |
United Kingdom Edit | Difference |
|---|---|---|---|
| Meal, Inexpensive Restaurant |
3,175.00 kr (18.72 £) |
2,543.51 kr (15.00 £) |
-19.9 % |
| Meal for 2 People, Mid-range Restaurant, Three-course |
17,500.00 kr (103.20 £) |
11,021.88 kr (65.00 £) |
-37.0 % |
| McMeal at McDonalds (or Equivalent Combo Meal) |
2,500.00 kr (14.74 £) |
1,271.75 kr (7.50 £) |
-49.1 % |
| Domestic Beer (1 pint draught) |
1,500.00 kr (8.85 £) |
847.84 kr (5.00 £) |
-43.5 % |
| Imported Beer (12 oz small bottle) |
1,288.90 kr (7.60 £) |
763.05 kr (4.50 £) |
-40.8 % |
| Cappuccino (regular) |
749.48 kr (4.42 £) |
575.52 kr (3.39 £) |
-23.2 % |
| Coke/Pepsi (12 oz small bottle) |
408.60 kr (2.41 £) |
299.77 kr (1.77 £) |
-26.6 % |
| Water (12 oz small bottle) |
327.02 kr (1.93 £) |
213.69 kr (1.26 £) |
-34.7 % |
Markets | Iceland Edit |
United Kingdom Edit | |
| Milk (regular), (1 gallon) |
891.09 kr (5.26 £) |
797.28 kr (4.70 £) |
-10.5 % |
| Loaf of Fresh White Bread (1 lb) |
445.61 kr (2.63 £) |
190.07 kr (1.12 £) |
-57.3 % |
| Rice (white), (1 lb) |
197.27 kr (1.16 £) |
125.50 kr (0.74 £) |
-36.4 % |
| Eggs (regular) (12) |
818.07 kr (4.82 £) |
502.55 kr (2.96 £) |
-38.6 % |
| Local Cheese (1 lb) |
1,029.73 kr (6.07 £) |
551.77 kr (3.25 £) |
-46.4 % |
| Chicken Fillets (1 lb) |
1,350.80 kr (7.97 £) |
508.10 kr (3.00 £) |
-62.4 % |
| Beef Round (1 lb) (or Equivalent Back Leg Red Meat) |
2,326.81 kr (13.72 £) |
802.63 kr (4.73 £) |
-65.5 % |
| Apples (1 lb) |
175.18 kr (1.03 £) |
168.06 kr (0.99 £) |
-4.1 % |
| Banana (1 lb) |
139.94 kr (0.83 £) |
92.54 kr (0.55 £) |
-33.9 % |
| Oranges (1 lb) |
163.99 kr (0.97 £) |
163.58 kr (0.96 £) |
-0.2 % |
| Tomato (1 lb) |
286.79 kr (1.69 £) |
201.81 kr (1.19 £) |
-29.6 % |
| Potato (1 lb) |
203.14 kr (1.20 £) |
92.87 kr (0.55 £) |
-54.3 % |
| Onion (1 lb) |
126.15 kr (0.74 £) |
87.10 kr (0.51 £) |
-31.0 % |
| Lettuce (1 head) |
402.25 kr (2.37 £) |
141.31 kr (0.83 £) |
-64.9 % |
| Water (1.5 liter bottle) |
280.35 kr (1.65 £) |
190.76 kr (1.13 £) |
-32.0 % |
| Bottle of Wine (Mid-Range) |
3,000.00 kr (17.69 £) |
1,356.54 kr (8.00 £) |
-54.8 % |
| Domestic Beer (0.5 liter bottle) |
462.58 kr (2.73 £) |
351.00 kr (2.07 £) |
-24.1 % |
| Imported Beer (12 oz small bottle) |
389.06 kr (2.29 £) |
416.68 kr (2.46 £) |
+7.1 % |
| Cigarettes 20 Pack (Marlboro) |
1,725.00 kr (10.17 £) |
2,538.42 kr (14.97 £) |
+47.2 % |
Transportation | Iceland Edit |
United Kingdom Edit | |
| One-way Ticket (Local Transport) |
640.00 kr (3.77 £) |
406.96 kr (2.40 £) |
-36.4 % |
| Monthly Pass (Regular Price) |
10,400.00 kr (61.33 £) |
11,869.71 kr (70.00 £) |
+14.1 % |
| Taxi Start (Normal Tariff) |
790.00 kr (4.66 £) |
644.36 kr (3.80 £) |
-18.4 % |
| Taxi 1 mile (Normal Tariff) |
521.43 kr (3.08 £) |
469.35 kr (2.77 £) |
-10.0 % |
| Taxi 1hour Waiting (Normal Tariff) |
10,620.00 kr (62.63 £) |
3,391.35 kr (20.00 £) |
-68.1 % |
| Gasoline (1 gallon) |
1,182.00 kr (6.97 £) |
925.40 kr (5.46 £) |
-21.7 % |
| Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) |
5,890,000.00 kr (34,735.47 £) |
4,796,211.74 kr (28,285.00 £) |
-18.6 % |
| Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) |
6,666,666.67 kr (39,315.75 £) |
5,048,147.66 kr (29,770.76 £) |
-24.3 % |
Utilities (Monthly) | Iceland Edit |
United Kingdom Edit | |
| Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment |
10,924.64 kr (64.43 £) |
40,547.53 kr (239.12 £) |
+271.2 % |
| Mobile Phone Monthly Plan with Calls and 10GB+ Data |
3,430.36 kr (20.23 £) |
2,178.09 kr (12.84 £) |
-36.5 % |
| Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) |
10,268.25 kr (60.56 £) |
5,277.61 kr (31.12 £) |
-48.6 % |
Sports And Leisure | Iceland Edit |
United Kingdom Edit | |
| Fitness Club, Monthly Fee for 1 Adult |
10,082.08 kr (59.46 £) |
5,771.41 kr (34.04 £) |
-42.8 % |
| Tennis Court Rent (1 Hour on Weekend) |
4,816.67 kr (28.41 £) |
1,980.19 kr (11.68 £) |
-58.9 % |
| Cinema, International Release, 1 Seat |
2,190.00 kr (12.92 £) |
1,695.67 kr (10.00 £) |
-22.6 % |
Childcare | Iceland Edit |
United Kingdom Edit | |
| Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child |
42,475.25 kr (250.49 £) |
212,439.98 kr (1,252.84 £) |
+400.2 % |
| International Primary School, Yearly for 1 Child |
3,744,295.00 kr (22,081.47 £) |
2,622,190.86 kr (15,464.01 £) |
-30.0 % |
Clothing And Shoes | Iceland Edit |
United Kingdom Edit | |
| 1 Pair of Jeans (Levis 501 Or Similar) |
17,356.84 kr (102.36 £) |
11,170.33 kr (65.88 £) |
-35.6 % |
| 1 Summer Dress in a Chain Store (Zara, H&M, ...) |
7,436.25 kr (43.85 £) |
5,569.87 kr (32.85 £) |
-25.1 % |
| 1 Pair of Nike Running Shoes (Mid-Range) |
21,566.67 kr (127.19 £) |
12,704.52 kr (74.92 £) |
-41.1 % |
| 1 Pair of Men Leather Business Shoes |
29,685.94 kr (175.07 £) |
12,865.82 kr (75.87 £) |
-56.7 % |
Rent Per Month | Iceland Edit |
United Kingdom Edit | |
| Apartment (1 bedroom) in City Centre |
275,000.00 kr (1,621.77 £) |
175,604.15 kr (1,035.60 £) |
-36.1 % |
| Apartment (1 bedroom) Outside of Centre |
250,000.00 kr (1,474.34 £) |
142,408.52 kr (839.83 £) |
-43.0 % |
| Apartment (3 bedrooms) in City Centre |
393,961.54 kr (2,323.33 £) |
293,827.69 kr (1,732.81 £) |
-25.4 % |
| Apartment (3 bedrooms) Outside of Centre |
338,074.07 kr (1,993.75 £) |
230,866.55 kr (1,361.50 £) |
-31.7 % |
Buy Apartment Price | Iceland Edit |
United Kingdom Edit | |
| Price per Square Feet to Buy Apartment in City Centre |
85,617.11 kr (504.92 £) |
75,203.23 kr (443.50 £) |
-12.2 % |
| Price per Square Feet to Buy Apartment Outside of Centre |
72,898.79 kr (429.91 £) |
59,472.72 kr (350.73 £) |
-18.4 % |
Salaries And Financing | Iceland Edit |
United Kingdom Edit | |
| Average Monthly Net Salary (After Tax) |
551,509.82 kr (3,252.45 £) |
403,809.38 kr (2,381.41 £) |
-26.8 % |
| Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate | 9.76 | 5.76 | -41.0 % |
| Last update: | April 2025 | April 2025 | |
| Contributors in the past 12 months: | 145 | 2968 |
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