Cost of Living Comparison Between United Kingdom and Iceland 
| Indices Difference |  |
|---|---|
| Consumer Prices in Iceland are 34.7% higher than in United Kingdom (without rent) | |
| Consumer Prices Including Rent in Iceland are 32.1% higher than in United Kingdom | |
| Rent Prices in Iceland are 26.5% higher than in United Kingdom | |
| Restaurant Prices in Iceland are 38.2% higher than in United Kingdom | |
| Groceries Prices in Iceland are 57.4% higher than in United Kingdom | |
| Local Purchasing Power in Iceland is 6.6% higher than in United Kingdom | |
Restaurants | United Kingdom Edit |
Iceland Edit | Difference |
|---|---|---|---|
| Meal, Inexpensive Restaurant |
15.00 £ (2,621.82 kr) |
17.16 £ (3,000.00 kr) |
+14.4 % |
| Meal for 2 People, Mid-range Restaurant, Three-course |
60.00 £ (10,487.27 kr) |
91.54 £ (16,000.00 kr) |
+52.6 % |
| McMeal at McDonalds (or Equivalent Combo Meal) |
7.00 £ (1,223.52 kr) |
13.16 £ (2,299.50 kr) |
+87.9 % |
| Domestic Beer (0.5 liter draught) |
4.50 £ (786.55 kr) |
8.20 £ (1,433.15 kr) |
+82.2 % |
| Imported Beer (0.33 liter bottle) |
4.32 £ (755.96 kr) |
6.87 £ (1,200.00 kr) |
+58.7 % |
| Cappuccino (regular) |
3.17 £ (554.94 kr) |
3.91 £ (684.25 kr) |
+23.3 % |
| Coke/Pepsi (0.33 liter bottle) |
1.73 £ (302.39 kr) |
2.25 £ (392.87 kr) |
+29.9 % |
| Water (0.33 liter bottle) |
1.25 £ (218.06 kr) |
1.69 £ (295.59 kr) |
+35.6 % |
Markets | United Kingdom Edit |
Iceland Edit | |
| Milk (regular), (1 liter) |
1.24 £ (216.06 kr) |
1.29 £ (224.90 kr) |
+4.1 % |
| Loaf of Fresh White Bread (500g) |
1.22 £ (212.86 kr) |
2.75 £ (480.64 kr) |
+125.8 % |
| Rice (white), (1kg) |
1.57 £ (274.56 kr) |
2.53 £ (442.44 kr) |
+61.1 % |
| Eggs (regular) (12) |
2.93 £ (512.45 kr) |
4.57 £ (799.60 kr) |
+56.0 % |
| Local Cheese (1kg) |
6.97 £ (1,217.41 kr) |
11.63 £ (2,033.03 kr) |
+67.0 % |
| Chicken Fillets (1kg) |
6.54 £ (1,143.88 kr) |
14.81 £ (2,588.23 kr) |
+126.3 % |
| Beef Round (1kg) (or Equivalent Back Leg Red Meat) |
10.50 £ (1,835.30 kr) |
24.53 £ (4,287.80 kr) |
+133.6 % |
| Apples (1kg) |
2.12 £ (370.47 kr) |
2.48 £ (434.33 kr) |
+17.2 % |
| Banana (1kg) |
1.15 £ (200.45 kr) |
1.76 £ (306.78 kr) |
+53.1 % |
| Oranges (1kg) |
2.12 £ (370.03 kr) |
2.16 £ (377.43 kr) |
+2.0 % |
| Tomato (1kg) |
2.64 £ (461.19 kr) |
3.69 £ (645.13 kr) |
+39.9 % |
| Potato (1kg) |
1.12 £ (195.02 kr) |
2.43 £ (424.96 kr) |
+117.9 % |
| Onion (1kg) |
1.05 £ (182.93 kr) |
1.52 £ (265.34 kr) |
+45.0 % |
| Lettuce (1 head) |
0.77 £ (134.30 kr) |
2.48 £ (434.00 kr) |
+223.1 % |
| Water (1.5 liter bottle) |
1.06 £ (185.48 kr) |
1.68 £ (293.58 kr) |
+58.3 % |
| Bottle of Wine (Mid-Range) |
8.00 £ (1,398.30 kr) |
15.73 £ (2,750.00 kr) |
+96.7 % |
| Domestic Beer (0.5 liter bottle) |
1.93 £ (337.99 kr) |
2.52 £ (439.70 kr) |
+30.1 % |
| Imported Beer (0.33 liter bottle) |
2.37 £ (414.93 kr) |
2.11 £ (369.58 kr) |
-10.9 % |
| Cigarettes 20 Pack (Marlboro) |
13.00 £ (2,272.24 kr) |
9.15 £ (1,600.00 kr) |
-29.6 % |
Transportation | United Kingdom Edit |
Iceland Edit | |
| One-way Ticket (Local Transport) |
2.40 £ (419.49 kr) |
3.26 £ (570.00 kr) |
+35.9 % |
| Monthly Pass (Regular Price) |
69.57 £ (12,159.16 kr) |
53.21 £ (9,300.00 kr) |
-23.5 % |
| Taxi Start (Normal Tariff) |
3.00 £ (524.36 kr) |
4.18 £ (730.00 kr) |
+39.2 % |
| Taxi 1km (Normal Tariff) |
1.24 £ (216.74 kr) |
1.73 £ (303.00 kr) |
+39.8 % |
| Taxi 1hour Waiting (Normal Tariff) |
17.40 £ (3,041.31 kr) |
53.55 £ (9,360.00 kr) |
+207.8 % |
| Gasoline (1 liter) |
1.50 £ (262.85 kr) |
1.78 £ (311.40 kr) |
+18.5 % |
| Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) |
28,285.00 £ (4,943,875.85 kr) |
30,265.25 £ (5,290,000.00 kr) |
+7.0 % |
| Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) |
24,911.59 £ (4,354,243.89 kr) |
33,039.57 £ (5,774,916.67 kr) |
+32.6 % |
Utilities (Monthly) | United Kingdom Edit |
Iceland Edit | |
| Basic (Electricity, Heating, Cooling, Water, Garbage) for 85m2 Apartment |
251.23 £ (43,912.40 kr) |
84.45 £ (14,761.35 kr) |
-66.4 % |
| Mobile Phone Monthly Plan with Calls and 10GB+ Data |
12.35 £ (2,158.30 kr) |
19.00 £ (3,320.53 kr) |
+53.8 % |
| Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) |
30.52 £ (5,334.65 kr) |
56.43 £ (9,862.98 kr) |
+84.9 % |
Sports And Leisure | United Kingdom Edit |
Iceland Edit | |
| Fitness Club, Monthly Fee for 1 Adult |
32.44 £ (5,670.87 kr) |
50.72 £ (8,865.14 kr) |
+56.3 % |
| Tennis Court Rent (1 Hour on Weekend) |
11.05 £ (1,930.85 kr) |
24.31 £ (4,248.33 kr) |
+120.0 % |
| Cinema, International Release, 1 Seat |
10.00 £ (1,747.88 kr) |
11.44 £ (2,000.00 kr) |
+14.4 % |
Childcare | United Kingdom Edit |
Iceland Edit | |
| Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child |
1,242.92 £ (217,247.97 kr) |
209.76 £ (36,663.56 kr) |
-83.1 % |
| International Primary School, Yearly for 1 Child |
14,679.50 £ (2,565,798.80 kr) |
4,441.10 £ (776,250.00 kr) |
-69.7 % |
Clothing And Shoes | United Kingdom Edit |
Iceland Edit | |
| 1 Pair of Jeans (Levis 501 Or Similar) |
64.05 £ (11,194.71 kr) |
91.68 £ (16,025.31 kr) |
+43.2 % |
| 1 Summer Dress in a Chain Store (Zara, H&M, ...) |
31.45 £ (5,497.61 kr) |
39.83 £ (6,962.11 kr) |
+26.6 % |
| 1 Pair of Nike Running Shoes (Mid-Range) |
73.81 £ (12,901.36 kr) |
120.30 £ (21,026.67 kr) |
+63.0 % |
| 1 Pair of Men Leather Business Shoes |
74.69 £ (13,055.22 kr) |
137.82 £ (24,089.05 kr) |
+84.5 % |
Rent Per Month | United Kingdom Edit |
Iceland Edit | |
| Apartment (1 bedroom) in City Centre |
1,051.59 £ (183,805.07 kr) |
1,388.53 £ (242,698.66 kr) |
+32.0 % |
| Apartment (1 bedroom) Outside of Centre |
875.63 £ (153,049.16 kr) |
1,236.20 £ (216,072.51 kr) |
+41.2 % |
| Apartment (3 bedrooms) in City Centre |
1,742.81 £ (304,622.24 kr) |
1,951.35 £ (341,073.17 kr) |
+12.0 % |
| Apartment (3 bedrooms) Outside of Centre |
1,344.16 £ (234,943.24 kr) |
1,767.39 £ (308,918.92 kr) |
+31.5 % |
Buy Apartment Price | United Kingdom Edit |
Iceland Edit | |
| Price per Square Meter to Buy Apartment in City Centre |
4,999.54 £ (873,859.91 kr) |
4,555.52 £ (796,249.96 kr) |
-8.9 % |
| Price per Square Meter to Buy Apartment Outside of Centre |
3,751.50 £ (655,716.72 kr) |
3,697.62 £ (646,299.53 kr) |
-1.4 % |
Salaries And Financing | United Kingdom Edit |
Iceland Edit | |
| Average Monthly Net Salary (After Tax) |
2,370.89 £ (414,402.27 kr) |
3,339.86 £ (583,766.37 kr) |
+40.9 % |
| Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate | 5.89 | 7.37 | +25.2 % |
| Last update: | May 2024 | April 2024 | |
| Contributors in the past 12 months: | 3706 | 199 |
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