Cost of living in London, United Kingdom vs Reykjavik, Iceland
Currency:
| Food | - 38% | |||
|---|---|---|---|---|
| Food in London (United Kingdom) is 38% cheaper than in Reykjavik (Iceland) | ||||
| Basic lunchtime menu (including a drink) in the business district | £13 (2,168 kr) | 2,732 kr | - 21% | |
| Combo meal in fast food restaurant (big mac meal or similar) | £5.87 (969 kr) | 1,895 kr | - 49% | |
| 500 gr (1 lb.) of boneless chicken breast | £3.25 (537 kr) | 1,250 kr | - 57% | |
| 1 liter (1 qt.) of whole fat milk | £0.88 (145 kr) | 154 kr | - 6% | |
| 12 eggs, large | £2.15 (354 kr) | 773 kr | - 54% | |
| 1 kg (2 lb.) of tomatoes | £2.38 (392 kr) | 547 kr | - 28% | |
| 500 gr (16 oz.) of local cheese | £3.65 (602 kr) | 1,131 kr | - 47% | |
| 1 kg (2 lb.) of apples | £1.80 (298 kr) | 448 kr | - 34% | |
| 1 kg (2 lb.) of potatoes | £1.09 (180 kr) | 374 kr | - 52% | |
| 0.5 l (16 oz) domestic beer in the supermarket | £1.72 (283 kr) | 394 kr | - 28% | |
| 1 bottle of red table wine, good quality | £8 (1,344 kr) | 3,109 kr | - 57% | |
| 2 liters of coca-cola | £1.97 (325 kr) | 314 kr | + 3% | |
| Bread for 2 people for 1 day | £1.03 (170 kr) | 305 kr | - 44% | |
| Housing | + 20% | |||
| Housing in London (United Kingdom) is 20% more expensive than in Reykjavik (Iceland) | ||||
| Monthly rent for 85 m2 (900 sqft) furnished accommodation in expensive area | £2,490 (410,875 kr) | 260,744 kr | + 58% | |
| Monthly rent for 85 m2 (900 sqft) furnished accommodation in normal area | £1,893 (312,315 kr) | 243,118 kr | + 28% | |
| Utilities 1 month (heating, electricity, gas ...) for 2 people in 85m2 flat | £154 (25,475 kr) | 17,186 kr | + 48% | |
| Monthly rent for a 45 m2 (480 sqft) furnished studio in expensive area | £1,761 (290,571 kr) | 190,908 kr | + 52% | |
| Monthly rent for a 45 m2 (480 sqft) furnished studio in normal area | £1,215 (200,557 kr) | 164,431 kr | + 22% | |
| Utilities 1 month (heating, electricity, gas ...) for 1 person in 45 m2 (480 sqft) studio | £84 (13,787 kr) | 11,102 kr | + 24% | |
| Internet 8 mbps (1 month) | £22 (3,617 kr) | 6,468 kr | - 44% | |
| 40” flat screen tv | £244 (40,317 kr) | 86,615 kr | - 53% | |
| Microwave 800/900 watt (bosch, panasonic, lg, sharp, or equivalent brands) | £82 (13,586 kr) | 22,343 kr | - 39% | |
| Laundry detergent (3 l. ~ 100 oz.) | £5.31 (876 kr) | 1,911 kr | - 54% | |
| Hourly rate for cleaning help | £12 (2,057 kr) | 3,885 kr | - 47% | |
| Clothes | - 38% | |||
| Clothes in London (United Kingdom) is 38% cheaper than in Reykjavik (Iceland) | ||||
| 1 pair of jeans (levis 501 or similar) | £71 (11,676 kr) | 16,589 kr | - 30% | |
| 1 summer dress in a high street store (zara, h&m or similar retailers) | £30 (5,021 kr) | 8,132 kr | - 38% | |
| 1 pair of sport shoes (nike, adidas, or equivalent brands) | £69 (11,369 kr) | 20,647 kr | - 45% | |
| 1 pair of men’s leather business shoes | £81 (13,311 kr) | 26,525 kr | - 50% | |
| Transportation | + 49% | |||
| Transportation in London (United Kingdom) is 49% more expensive than in Reykjavik (Iceland) | ||||
| Volkswagen golf 1.4 tsi 150 cv (or equivalent), with no extras, new | £19,933 (3,289,493 kr) | 3,672,550 kr | - 10% | |
| 1 liter (1/4 gallon) of gas | £1.29 (213 kr) | 230 kr | - 7% | |
| Monthly ticket public transport | £140 (23,167 kr) | 12,731 kr | + 82% | |
| Taxi trip on a business day, basic tariff, 8 km. (5 miles) | £26 (4,312 kr) | 3,329 kr | + 30% | |
| Personal Care | - 34% | |||
| Personal Care in London (United Kingdom) is 34% cheaper than in Reykjavik (Iceland) | ||||
| Cold medicine for 6 days (tylenol, frenadol, coldrex, or equivalent brands) | £2.57 (424 kr) | 1,353 kr | - 69% | |
| 1 box of antibiotics (12 doses) | £12 (2,013 kr) | 1,851 kr | + 9% | |
| Short visit to private doctor (15 minutes) | £55 (9,057 kr) | 5,686 kr | + 59% | |
| 1 box of 32 tampons (tampax, ob, ...) | £3.41 (563 kr) | 678 kr | - 17% | |
| Deodorant, roll-on (50ml ~ 1.5 oz.) | £1.72 (283 kr) | 598 kr | - 53% | |
| Hair shampoo 2-in-1 (400 ml ~ 12 oz.) | £3.39 (559 kr) | 1,089 kr | - 49% | |
| 4 rolls of toilet paper | £1.33 (220 kr) | 440 kr | - 50% | |
| Tube of toothpaste | £1.49 (245 kr) | 398 kr | - 38% | |
| Standard men's haircut in expat area of the city | £13 (2,151 kr) | 5,753 kr | - 63% | |
| Entertainment | - 6% | |||
| Entertainment in London (United Kingdom) is 6% cheaper than in Reykjavik (Iceland) | ||||
| Basic dinner out for two in neighborhood pub | £33 (5,457 kr) | 6,265 kr | - 13% | |
| 2 tickets to the movies | £23 (3,778 kr) | 3,061 kr | + 23% | |
| 2 tickets to the theater (best available seats) | £150 (24,691 kr) | 11,427 kr | + 116% | |
| Dinner for two at an italian restaurant in the expat area including appetisers, main course, wine and dessert | £59 (9,783 kr) | 11,482 kr | - 15% | |
| 1 cocktail drink in downtown club | £10 (1,710 kr) | 2,451 kr | - 30% | |
| Cappuccino in expat area of the city | £2.95 (487 kr) | 677 kr | - 28% | |
| 1 beer in neighbourhood pub (500ml or 1pt.) | £5.08 (838 kr) | 1,141 kr | - 27% | |
| Ipad wi-fi 128gb | £516 (85,140 kr) | 84,141 kr | + 1% | |
| 1 min. of prepaid mobile tariff (no discounts or plans) | £0.11 (18 kr) | 20 kr | - 8% | |
| 1 month of gym membership in business district | £43 (7,175 kr) | 8,633 kr | - 17% | |
| 1 package of marlboro cigarettes | £11 (1,865 kr) | 1,429 kr | + 31% | |
| TOTAL | + 4% | |||
These prices were last updated on February 24, 2020.
Exchange rate:
165.027
ISK
/
GBP
This comparison is based on abundant and consistent data. It is based on 2,238 prices entered by 485 different people.
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