Cost of living in London (United Kingdom) is 16% more expensive than in Reykjavik (Iceland)
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This comparison has some inconsistent or sparse data. It already provides a reliable comparison but it is not bullet-proof. It is based on 1,243 prices entered by 239 different people.
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Currency:
| Food | - 35% | |||
|---|---|---|---|---|
| Food in London (United Kingdom) is 35% cheaper than in Reykjavik (Iceland) | ||||
| Update prices | Update prices | |||
| London | Reykjavik | Diff | ||
| Basic lunchtime menu (including a drink) in the business district | £17 (2,773 kr) | 3,122 kr | - 11% | |
| Combo meal in fast food restaurant (big mac meal or similar) | £6 (1,064 kr) | 2,012 kr | - 47% | |
| 500 gr (1 lb.) of boneless chicken breast | £3.29 (549 kr) | 1,018 kr | - 46% | |
| 1 liter (1 qt.) of whole fat milk | £0.94 (157 kr) | 195 kr | - 20% | |
| 12 eggs, large | £3.19 (533 kr) | 763 kr | - 30% | |
| 1 kg (2 lb.) of tomatoes | £2.34 (391 kr) | 643 kr | - 39% | |
| 500 gr (16 oz.) of local cheese | £4.10 (685 kr) | 999 kr | - 31% | |
| 1 kg (2 lb.) of apples | £2.16 (360 kr) | 352 kr | + 2% | |
| 1 kg (2 lb.) of potatoes | £1.00 (167 kr) | 390 kr | - 57% | |
| 0.5 l (16 oz) domestic beer in the supermarket | £2.01 (336 kr) | 463 kr | - 28% | |
| 1 bottle of red table wine, good quality | £9 (1,465 kr) | 2,821 kr | - 48% | |
| 2 liters of coca-cola | £2.10 (350 kr) | 312 kr | + 12% | |
| Bread for 2 people for 1 day | £1.15 (191 kr) | 431 kr | - 56% | |
| Housing | + 30% | |||
| Housing in London (United Kingdom) is 30% more expensive than in Reykjavik (Iceland) | ||||
| Update prices | Update prices | |||
| London | Reykjavik | Diff | ||
| Monthly rent for 85 m2 (900 sqft) furnished accommodation in expensive area | £3,095 (516,139 kr) | 306,815 kr | + 68% | |
| Monthly rent for 85 m2 (900 sqft) furnished accommodation in normal area | £2,247 (374,730 kr) | 255,571 kr | + 47% | |
| Utilities 1 month (heating, electricity, gas ...) for 2 people in 85m2 flat | £220 (36,733 kr) | 19,819 kr | + 85% | |
| Monthly rent for a 45 m2 (480 sqft) furnished studio in expensive area | £1,824 (304,262 kr) | 202,083 kr | + 51% | |
| Monthly rent for a 45 m2 (480 sqft) furnished studio in normal area | £1,370 (228,431 kr) | 142,384 kr | + 60% | |
| Utilities 1 month (heating, electricity, gas ...) for 1 person in 45 m2 (480 sqft) studio | £154 (25,671 kr) | 20,865 kr | + 23% | |
| Internet 8 mbps (1 month) | £30 (5,016 kr) | 7,942 kr | - 37% | |
| 40” flat screen tv | £393 (65,536 kr) | 91,767 kr | - 29% | |
| Microwave 800/900 watt (bosch, panasonic, lg, sharp, or equivalent brands) | £93 (15,578 kr) | 26,771 kr | - 42% | |
| Laundry detergent (3 l. ~ 100 oz.) | £6 (1,059 kr) | 2,082 kr | - 49% | |
| Hourly rate for cleaning help | £13 (2,220 kr) | 4,144 kr | - 46% | |
| Clothes | - 32% | |||
| Clothes in London (United Kingdom) is 32% cheaper than in Reykjavik (Iceland) | ||||
| Update prices | Update prices | |||
| London | Reykjavik | Diff | ||
| 1 pair of jeans (levis 501 or similar) | £69 (11,582 kr) | 16,475 kr | - 30% | |
| 1 summer dress in a high street store (zara, h&m or similar retailers) | £35 (5,885 kr) | 8,266 kr | - 29% | |
| 1 pair of sport shoes (nike, adidas, or equivalent brands) | £78 (13,004 kr) | 20,487 kr | - 37% | |
| 1 pair of men’s leather business shoes | £99 (16,457 kr) | 26,371 kr | - 38% | |
| Transportation | + 59% | |||
| Transportation in London (United Kingdom) is 59% more expensive than in Reykjavik (Iceland) | ||||
| Update prices | Update prices | |||
| London | Reykjavik | Diff | ||
| Volkswagen golf 1.4 tsi 150 cv (or equivalent), with no extras, new | £23,312 (3,887,896 kr) | 5,098,910 kr | - 24% | |
| 1 liter (1/4 gallon) of gas | £1.62 (270 kr) | 292 kr | - 8% | |
| Monthly ticket public transport | £155 (25,776 kr) | 11,500 kr | + 124% | |
| Taxi trip on a business day, basic tariff, 8 km. (5 miles) | £20 (3,397 kr) | 3,898 kr | - 13% | |
| Personal Care | - 3% | |||
| Personal Care in London (United Kingdom) is about the same as in Reykjavik (Iceland) | ||||
| Update prices | Update prices | |||
| London | Reykjavik | Diff | ||
| Cold medicine for 6 days (tylenol, frenadol, coldrex, or equivalent brands) | £3.35 (558 kr) | 1,391 kr | - 60% | |
| 1 box of antibiotics (12 doses) | £10 (1,600 kr) | 1,999 kr | - 20% | |
| Short visit to private doctor (15 minutes) | £114 (19,011 kr) | 5,936 kr | + 220% | |
| 1 box of 32 tampons (tampax, ob, ...) | £2.89 (482 kr) | 695 kr | - 31% | |
| Deodorant, roll-on (50ml ~ 1.5 oz.) | £1.88 (314 kr) | 621 kr | - 49% | |
| Hair shampoo 2-in-1 (400 ml ~ 12 oz.) | £4.63 (771 kr) | 742 kr | + 4% | |
| 4 rolls of toilet paper | £1.98 (329 kr) | 528 kr | - 38% | |
| Tube of toothpaste | £1.69 (282 kr) | 392 kr | - 28% | |
| Standard men's haircut in expat area of the city | £21 (3,450 kr) | 6,153 kr | - 44% | |
| Entertainment | + 8% | |||
| Entertainment in London (United Kingdom) is 8% more expensive than in Reykjavik (Iceland) | ||||
| Update prices | Update prices | |||
| London | Reykjavik | Diff | ||
| Basic dinner out for two in neighborhood pub | £44 (7,340 kr) | 6,554 kr | + 12% | |
| 2 tickets to the movies | £27 (4,441 kr) | 3,228 kr | + 38% | |
| 2 tickets to the theater (best available seats) | £334 (55,773 kr) | 11,318 kr | + 393% | |
| Dinner for two at an italian restaurant in the expat area including appetisers, main course, wine and dessert | £71 (11,785 kr) | 14,878 kr | - 21% | |
| 1 cocktail drink in downtown club | £12 (1,966 kr) | 2,535 kr | - 22% | |
| Cappuccino in expat area of the city | £3.18 (531 kr) | 675 kr | - 21% | |
| 1 beer in neighbourhood pub (500ml or 1pt.) | £5.98 (998 kr) | 1,232 kr | - 19% | |
| Ipad wi-fi 128gb | £579 (96,504 kr) | 85,437 kr | + 13% | |
| 1 min. of prepaid mobile tariff (no discounts or plans) | £0.12 (19 kr) | 21 kr | - 6% | |
| 1 month of gym membership in business district | £48 (8,081 kr) | 8,928 kr | - 9% | |
| 1 package of marlboro cigarettes | £13 (2,223 kr) | 1,593 kr | + 40% | |
 |
TOTAL | + 16% | ||
This comparison has some inconsistent or sparse data. It already provides a reliable comparison but it is not bullet-proof. It is based on 1,243 prices entered by 239 different people.
These prices were last updated on August 17, 2022.
Exchange rate:
166.777
ISK
/
GBP
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For example, you would need at least 1,095,351 kr (£6,568) in London to maintain the same standard of living that you can have with 942,000 kr in Reykjavik.
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