Cost of Living Comparison Between United Kingdom and Iceland 
| Indices Difference |  |
|---|---|
| Cost of Living in Iceland is 43.4% higher than in United Kingdom (excluding rent) | |
| Cost of Living Including Rent in Iceland is 45.0% higher than in United Kingdom | |
| Rent Prices in Iceland are 48.9% higher than in United Kingdom | |
| Restaurant Prices in Iceland are 49.2% higher than in United Kingdom | |
| Groceries Prices in Iceland are 67.6% higher than in United Kingdom | |
| Local Purchasing Power in Iceland is 5.9% lower than in United Kingdom | |
Restaurants | United Kingdom Edit |
Iceland Edit | Difference |
|---|---|---|---|
| Meal, Inexpensive Restaurant |
15.00 £ (2,547.73 kr) |
18.69 £ (3,175.00 kr) |
+24.6 % |
| Meal for 2 People, Mid-range Restaurant, Three-course |
65.00 £ (11,040.17 kr) |
103.03 £ (17,500.00 kr) |
+58.5 % |
| McMeal at McDonalds (or Equivalent Combo Meal) |
7.50 £ (1,273.87 kr) |
14.72 £ (2,500.00 kr) |
+96.3 % |
| Domestic Beer (1 pint draught) |
5.00 £ (849.24 kr) |
8.83 £ (1,500.00 kr) |
+76.6 % |
| Imported Beer (12 oz small bottle) |
4.50 £ (764.32 kr) |
7.59 £ (1,289.15 kr) |
+68.7 % |
| Cappuccino (regular) |
3.39 £ (576.47 kr) |
4.41 £ (749.50 kr) |
+30.0 % |
| Coke/Pepsi (12 oz small bottle) |
1.77 £ (300.26 kr) |
2.41 £ (408.61 kr) |
+36.1 % |
| Water (12 oz small bottle) |
1.26 £ (214.04 kr) |
1.93 £ (327.03 kr) |
+52.8 % |
Markets | United Kingdom Edit |
Iceland Edit | |
| Milk (regular), (1 gallon) |
4.70 £ (798.60 kr) |
5.25 £ (891.09 kr) |
+11.6 % |
| Loaf of Fresh White Bread (1 lb) |
1.12 £ (190.38 kr) |
2.62 £ (445.61 kr) |
+134.1 % |
| Rice (white), (1 lb) |
0.74 £ (125.71 kr) |
1.16 £ (197.27 kr) |
+56.9 % |
| Eggs (regular) (12) |
2.96 £ (503.38 kr) |
4.82 £ (818.07 kr) |
+62.5 % |
| Local Cheese (1 lb) |
3.25 £ (552.69 kr) |
6.06 £ (1,029.73 kr) |
+86.3 % |
| Chicken Fillets (1 lb) |
3.00 £ (508.94 kr) |
7.95 £ (1,350.80 kr) |
+165.4 % |
| Beef Round (1 lb) (or Equivalent Back Leg Red Meat) |
4.73 £ (803.96 kr) |
13.70 £ (2,326.81 kr) |
+189.4 % |
| Apples (1 lb) |
0.99 £ (168.33 kr) |
1.03 £ (175.18 kr) |
+4.1 % |
| Banana (1 lb) |
0.55 £ (92.69 kr) |
0.82 £ (139.94 kr) |
+51.0 % |
| Oranges (1 lb) |
0.96 £ (163.85 kr) |
0.97 £ (163.99 kr) |
+0.1 % |
| Tomato (1 lb) |
1.19 £ (202.15 kr) |
1.69 £ (286.79 kr) |
+41.9 % |
| Potato (1 lb) |
0.55 £ (93.03 kr) |
1.20 £ (203.14 kr) |
+118.4 % |
| Onion (1 lb) |
0.51 £ (87.25 kr) |
0.74 £ (126.15 kr) |
+44.6 % |
| Lettuce (1 head) |
0.83 £ (141.55 kr) |
2.37 £ (402.25 kr) |
+184.2 % |
| Water (1.5 liter bottle) |
1.13 £ (191.08 kr) |
1.65 £ (280.36 kr) |
+46.7 % |
| Bottle of Wine (Mid-Range) |
8.00 £ (1,358.79 kr) |
17.66 £ (3,000.00 kr) |
+120.8 % |
| Domestic Beer (0.5 liter bottle) |
2.07 £ (351.58 kr) |
2.72 £ (462.58 kr) |
+31.6 % |
| Imported Beer (12 oz small bottle) |
2.46 £ (417.37 kr) |
2.29 £ (389.06 kr) |
-6.8 % |
| Cigarettes 20 Pack (Marlboro) |
14.97 £ (2,542.64 kr) |
10.16 £ (1,725.00 kr) |
-32.2 % |
Transportation | United Kingdom Edit |
Iceland Edit | |
| One-way Ticket (Local Transport) |
2.40 £ (407.64 kr) |
3.77 £ (640.00 kr) |
+57.0 % |
| Monthly Pass (Regular Price) |
70.00 £ (11,889.41 kr) |
61.23 £ (10,400.00 kr) |
-12.5 % |
| Taxi Start (Normal Tariff) |
3.80 £ (645.43 kr) |
4.65 £ (790.00 kr) |
+22.4 % |
| Taxi 1 mile (Normal Tariff) |
2.77 £ (470.13 kr) |
3.07 £ (521.43 kr) |
+10.9 % |
| Taxi 1hour Waiting (Normal Tariff) |
20.00 £ (3,396.97 kr) |
62.53 £ (10,620.00 kr) |
+212.6 % |
| Gasoline (1 gallon) |
5.46 £ (926.94 kr) |
6.96 £ (1,182.00 kr) |
+27.5 % |
| Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) |
28,285.00 £ (4,804,170.48 kr) |
34,677.92 £ (5,890,000.00 kr) |
+22.6 % |
| Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) |
29,770.76 £ (5,056,524.46 kr) |
39,250.62 £ (6,666,666.67 kr) |
+31.8 % |
Utilities (Monthly) | United Kingdom Edit |
Iceland Edit | |
| Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment |
239.12 £ (40,614.81 kr) |
64.32 £ (10,924.64 kr) |
-73.1 % |
| Mobile Phone Monthly Plan with Calls and 10GB+ Data |
12.84 £ (2,181.70 kr) |
20.20 £ (3,430.36 kr) |
+57.2 % |
| Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) |
31.12 £ (5,286.37 kr) |
60.44 £ (10,266.42 kr) |
+94.2 % |
Sports And Leisure | United Kingdom Edit |
Iceland Edit | |
| Fitness Club, Monthly Fee for 1 Adult |
34.04 £ (5,780.98 kr) |
59.36 £ (10,082.08 kr) |
+74.4 % |
| Tennis Court Rent (1 Hour on Weekend) |
11.68 £ (1,983.48 kr) |
28.36 £ (4,816.67 kr) |
+142.8 % |
| Cinema, International Release, 1 Seat |
10.00 £ (1,698.49 kr) |
12.89 £ (2,190.00 kr) |
+28.9 % |
Childcare | United Kingdom Edit |
Iceland Edit | |
| Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child |
1,252.84 £ (212,792.50 kr) |
250.08 £ (42,475.25 kr) |
-80.0 % |
| International Primary School, Yearly for 1 Child |
15,464.01 £ (2,626,542.08 kr) |
22,044.88 £ (3,744,295.00 kr) |
+42.6 % |
Clothing And Shoes | United Kingdom Edit |
Iceland Edit | |
| 1 Pair of Jeans (Levis 501 Or Similar) |
65.88 £ (11,188.82 kr) |
102.19 £ (17,356.84 kr) |
+55.1 % |
| 1 Summer Dress in a Chain Store (Zara, H&M, ...) |
32.85 £ (5,579.09 kr) |
43.78 £ (7,436.25 kr) |
+33.3 % |
| 1 Pair of Nike Running Shoes (Mid-Range) |
74.92 £ (12,725.54 kr) |
126.98 £ (21,566.67 kr) |
+69.5 % |
| 1 Pair of Men Leather Business Shoes |
75.87 £ (12,887.16 kr) |
174.78 £ (29,685.94 kr) |
+130.4 % |
Rent Per Month | United Kingdom Edit |
Iceland Edit | |
| Apartment (1 bedroom) in City Centre |
1,035.60 £ (175,895.74 kr) |
1,619.09 £ (275,000.00 kr) |
+56.3 % |
| Apartment (1 bedroom) Outside of Centre |
839.83 £ (142,644.83 kr) |
1,471.90 £ (250,000.00 kr) |
+75.3 % |
| Apartment (3 bedrooms) in City Centre |
1,732.81 £ (294,314.80 kr) |
2,319.49 £ (393,961.54 kr) |
+33.9 % |
| Apartment (3 bedrooms) Outside of Centre |
1,361.51 £ (231,250.47 kr) |
1,990.44 £ (338,074.07 kr) |
+46.2 % |
Buy Apartment Price | United Kingdom Edit |
Iceland Edit | |
| Price per Square Feet to Buy Apartment in City Centre |
443.49 £ (75,326.72 kr) |
504.08 £ (85,617.11 kr) |
+13.7 % |
| Price per Square Feet to Buy Apartment Outside of Centre |
350.72 £ (59,570.16 kr) |
429.20 £ (72,898.79 kr) |
+22.4 % |
Salaries And Financing | United Kingdom Edit |
Iceland Edit | |
| Average Monthly Net Salary (After Tax) |
2,381.40 £ (404,477.10 kr) |
3,247.19 £ (551,530.75 kr) |
+36.4 % |
| Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate | 5.76 | 9.76 | +69.4 % |
| Last update: | April 2025 | April 2025 | |
| Contributors in the past 12 months: | 2968 | 145 |
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