Cost of Living Comparison Between United Kingdom and Iceland 
| Indices Difference |  |
|---|---|
| Cost of Living in Iceland is 41.3% higher than in United Kingdom (excluding rent) | |
| Cost of Living Including Rent in Iceland is 42.9% higher than in United Kingdom | |
| Rent Prices in Iceland are 47.0% higher than in United Kingdom | |
| Restaurant Prices in Iceland are 46.4% higher than in United Kingdom | |
| Groceries Prices in Iceland are 65.5% higher than in United Kingdom | |
| Local Purchasing Power in Iceland is 5.7% lower than in United Kingdom | |
Restaurants | United Kingdom Edit |
Iceland Edit | Difference |
|---|---|---|---|
| Meal, Inexpensive Restaurant |
15.00 £ (2,580.47 kr) |
18.02 £ (3,100.00 kr) |
+20.1 % |
| Meal for 2 People, Mid-range Restaurant, Three-course |
65.00 £ (11,182.05 kr) |
101.73 £ (17,500.00 kr) |
+56.5 % |
| McMeal at McDonalds (or Equivalent Combo Meal) |
7.50 £ (1,290.24 kr) |
14.53 £ (2,500.00 kr) |
+93.8 % |
| Domestic Beer (1 pint draught) |
5.00 £ (860.16 kr) |
8.72 £ (1,500.00 kr) |
+74.4 % |
| Imported Beer (12 oz small bottle) |
4.50 £ (774.14 kr) |
7.51 £ (1,292.35 kr) |
+66.9 % |
| Cappuccino (regular) |
3.40 £ (584.12 kr) |
4.36 £ (749.77 kr) |
+28.4 % |
| Coke/Pepsi (12 oz small bottle) |
1.77 £ (303.97 kr) |
2.38 £ (408.78 kr) |
+34.5 % |
| Water (12 oz small bottle) |
1.26 £ (216.82 kr) |
1.90 £ (327.20 kr) |
+50.9 % |
Markets | United Kingdom Edit |
Iceland Edit | |
| Milk (regular), (1 gallon) |
4.70 £ (808.55 kr) |
5.18 £ (891.09 kr) |
+10.2 % |
| Loaf of Fresh White Bread (1 lb) |
1.12 £ (192.67 kr) |
2.59 £ (445.61 kr) |
+131.3 % |
| Rice (white), (1 lb) |
0.74 £ (127.20 kr) |
1.15 £ (197.27 kr) |
+55.1 % |
| Eggs (regular) (12) |
2.96 £ (509.68 kr) |
4.76 £ (818.07 kr) |
+60.5 % |
| Local Cheese (1 lb) |
3.25 £ (559.52 kr) |
5.99 £ (1,029.73 kr) |
+84.0 % |
| Chicken Fillets (1 lb) |
3.00 £ (515.80 kr) |
7.85 £ (1,350.80 kr) |
+161.9 % |
| Beef Round (1 lb) (or Equivalent Back Leg Red Meat) |
4.73 £ (814.28 kr) |
13.53 £ (2,326.81 kr) |
+185.7 % |
| Apples (1 lb) |
0.99 £ (170.79 kr) |
1.02 £ (175.18 kr) |
+2.6 % |
| Banana (1 lb) |
0.55 £ (93.95 kr) |
0.81 £ (139.94 kr) |
+48.9 % |
| Oranges (1 lb) |
0.96 £ (165.92 kr) |
0.95 £ (163.99 kr) |
-1.2 % |
| Tomato (1 lb) |
1.19 £ (204.52 kr) |
1.67 £ (286.79 kr) |
+40.2 % |
| Potato (1 lb) |
0.55 £ (94.17 kr) |
1.18 £ (203.14 kr) |
+115.7 % |
| Onion (1 lb) |
0.51 £ (88.36 kr) |
0.73 £ (126.19 kr) |
+42.8 % |
| Lettuce (1 head) |
0.83 £ (143.49 kr) |
2.34 £ (402.25 kr) |
+180.3 % |
| Water (1.5 liter bottle) |
1.13 £ (193.69 kr) |
1.63 £ (280.46 kr) |
+44.8 % |
| Bottle of Wine (Mid-Range) |
8.00 £ (1,376.25 kr) |
17.44 £ (3,000.00 kr) |
+118.0 % |
| Domestic Beer (0.5 liter bottle) |
2.07 £ (356.59 kr) |
2.69 £ (462.58 kr) |
+29.7 % |
| Imported Beer (12 oz small bottle) |
2.47 £ (424.52 kr) |
2.26 £ (389.06 kr) |
-8.4 % |
| Cigarettes 20 Pack (Marlboro) |
14.99 £ (2,578.75 kr) |
10.03 £ (1,725.00 kr) |
-33.1 % |
Transportation | United Kingdom Edit |
Iceland Edit | |
| One-way Ticket (Local Transport) |
2.40 £ (412.88 kr) |
3.72 £ (640.00 kr) |
+55.0 % |
| Monthly Pass (Regular Price) |
70.00 £ (12,042.20 kr) |
60.45 £ (10,400.00 kr) |
-13.6 % |
| Taxi Start (Normal Tariff) |
3.95 £ (679.52 kr) |
4.59 £ (790.00 kr) |
+16.3 % |
| Taxi 1 mile (Normal Tariff) |
2.80 £ (481.73 kr) |
3.03 £ (521.43 kr) |
+8.2 % |
| Taxi 1hour Waiting (Normal Tariff) |
20.00 £ (3,440.63 kr) |
61.73 £ (10,620.00 kr) |
+208.7 % |
| Gasoline (1 gallon) |
5.46 £ (938.75 kr) |
6.87 £ (1,182.00 kr) |
+25.9 % |
| Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) |
28,285.00 £ (4,865,909.93 kr) |
34,237.92 £ (5,890,000.00 kr) |
+21.0 % |
| Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) |
29,770.76 £ (5,121,506.97 kr) |
38,752.60 £ (6,666,666.67 kr) |
+30.2 % |
Utilities (Monthly) | United Kingdom Edit |
Iceland Edit | |
| Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment |
238.72 £ (41,066.88 kr) |
63.50 £ (10,924.64 kr) |
-73.4 % |
| Mobile Phone Monthly Plan with Calls and 10GB+ Data |
12.85 £ (2,210.40 kr) |
19.94 £ (3,430.36 kr) |
+55.2 % |
| Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) |
31.16 £ (5,359.81 kr) |
59.70 £ (10,270.53 kr) |
+91.6 % |
Sports And Leisure | United Kingdom Edit |
Iceland Edit | |
| Fitness Club, Monthly Fee for 1 Adult |
34.05 £ (5,857.76 kr) |
58.61 £ (10,082.08 kr) |
+72.1 % |
| Tennis Court Rent (1 Hour on Weekend) |
11.69 £ (2,011.01 kr) |
28.00 £ (4,816.67 kr) |
+139.5 % |
| Cinema, International Release, 1 Seat |
10.00 £ (1,720.31 kr) |
12.73 £ (2,190.00 kr) |
+27.3 % |
Childcare | United Kingdom Edit |
Iceland Edit | |
| Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child |
1,255.74 £ (216,026.73 kr) |
246.90 £ (42,475.25 kr) |
-80.3 % |
| International Primary School, Yearly for 1 Child |
15,483.82 £ (2,663,704.70 kr) |
21,765.18 £ (3,744,295.00 kr) |
+40.6 % |
Clothing And Shoes | United Kingdom Edit |
Iceland Edit | |
| 1 Pair of Jeans (Levis 501 Or Similar) |
65.83 £ (11,324.01 kr) |
100.89 £ (17,356.84 kr) |
+53.3 % |
| 1 Summer Dress in a Chain Store (Zara, H&M, ...) |
32.88 £ (5,656.85 kr) |
43.23 £ (7,436.25 kr) |
+31.5 % |
| 1 Pair of Nike Running Shoes (Mid-Range) |
74.83 £ (12,873.16 kr) |
125.36 £ (21,566.67 kr) |
+67.5 % |
| 1 Pair of Men Leather Business Shoes |
75.90 £ (13,056.51 kr) |
172.56 £ (29,685.94 kr) |
+127.4 % |
Rent Per Month | United Kingdom Edit |
Iceland Edit | |
| Apartment (1 bedroom) in City Centre |
1,038.01 £ (178,569.68 kr) |
1,598.54 £ (275,000.00 kr) |
+54.0 % |
| Apartment (1 bedroom) Outside of Centre |
841.50 £ (144,763.90 kr) |
1,453.22 £ (250,000.00 kr) |
+72.7 % |
| Apartment (3 bedrooms) in City Centre |
1,731.18 £ (297,817.69 kr) |
2,290.06 £ (393,961.54 kr) |
+32.3 % |
| Apartment (3 bedrooms) Outside of Centre |
1,361.48 £ (234,216.79 kr) |
1,965.19 £ (338,074.07 kr) |
+44.3 % |
Buy Apartment Price | United Kingdom Edit |
Iceland Edit | |
| Price per Square Feet to Buy Apartment in City Centre |
442.30 £ (76,088.85 kr) |
497.68 £ (85,617.11 kr) |
+12.5 % |
| Price per Square Feet to Buy Apartment Outside of Centre |
350.70 £ (60,331.42 kr) |
423.75 £ (72,898.79 kr) |
+20.8 % |
Salaries And Financing | United Kingdom Edit |
Iceland Edit | |
| Average Monthly Net Salary (After Tax) |
2,381.51 £ (409,693.89 kr) |
3,209.32 £ (552,104.04 kr) |
+34.8 % |
| Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate | 5.76 | 9.76 | +69.6 % |
| Last update: | April 2025 | April 2025 | |
| Contributors in the past 12 months: | 3008 | 146 |
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