Cost of living in London (United Kingdom) is about the same as in Reykjavik (Iceland)
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WARNING! This comparison is based on only a few data points. At this point it is only a guess. It is based on 1,190 prices entered by 187 different people.
Full price comparison, by category
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Currency:
| Food | - 54% | |||
|---|---|---|---|---|
| Food in London (United Kingdom) is 54% cheaper than in Reykjavik (Iceland) | ||||
| Update prices | Update prices | |||
| London | Reykjavik | Diff | ||
| Basic lunchtime menu (including a drink) in the business district | £15 (2,551 kr) | 6,912 kr | - 63% | |
| Combo meal in fast food restaurant (big mac meal or similar) | £7 (1,282 kr) | 2,937 kr | - 56% | |
| 500 gr (1 lb.) of boneless chicken breast | £3.82 (659 kr) | 1,505 kr | - 56% | |
| 1 liter (1 qt.) of whole fat milk | £1.16 (200 kr) | 248 kr | - 19% | |
| 12 eggs, large | £3.97 (684 kr) | 948 kr | - 28% | |
| 1 kg (2 lb.) of tomatoes | £2.01 (346 kr) | 736 kr | - 53% | |
| 500 gr (16 oz.) of local cheese | £4.40 (758 kr) | 1,579 kr | - 52% | |
| 1 kg (2 lb.) of apples | £1.97 (340 kr) | 531 kr | - 36% | |
| 1 kg (2 lb.) of potatoes | £0.79 (137 kr) | 450 kr | - 70% | |
| 0.5 l (16 oz) domestic beer in the supermarket | £1.83 (316 kr) | 576 kr | - 45% | |
| 1 bottle of red table wine, good quality | £11 (1,858 kr) | 4,730 kr | - 61% | |
| 2 liters of coca-cola | £2.17 (374 kr) | 371 kr | + 1% | |
| Bread for 2 people for 1 day | £1.23 (211 kr) | 454 kr | - 53% | |
| Housing | + 27% | |||
| Housing in London (United Kingdom) is 27% 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 | £4,198 (723,948 kr) | 412,072 kr | + 76% | |
| Monthly rent for 85 m2 (900 sqft) furnished accommodation in normal area | £3,673 (633,382 kr) | 345,938 kr | + 83% | |
| Utilities 1 month (heating, electricity, gas ...) for 2 people in 85m2 flat | £155 (26,779 kr) | 47,688 kr | - 44% | |
| Monthly rent for a 45 m2 (480 sqft) furnished studio in expensive area | £3,232 (557,272 kr) | 328,691 kr | + 70% | |
| Monthly rent for a 45 m2 (480 sqft) furnished studio in normal area | £2,006 (345,969 kr) | 249,651 kr | + 39% | |
| Utilities 1 month (heating, electricity, gas ...) for 1 person in 45 m2 (480 sqft) studio | £136 (23,415 kr) | 33,176 kr | - 29% | |
| Internet 8 mbps (1 month) | £27 (4,713 kr) | 10,661 kr | - 56% | |
| 40” flat screen tv | £254 (43,776 kr) | 128,560 kr | - 66% | |
| Microwave 800/900 watt (bosch, panasonic, lg, sharp, or equivalent brands) | £121 (20,789 kr) | 28,871 kr | - 28% | |
| Laundry detergent (3 l. ~ 100 oz.) | £5.72 (986 kr) | 2,826 kr | - 65% | |
| Hourly rate for cleaning help | £12 (2,116 kr) | 6,364 kr | - 67% | |
| Clothes | - 39% | |||
| Clothes in London (United Kingdom) is 39% cheaper than in Reykjavik (Iceland) | ||||
| Update prices | Update prices | |||
| London | Reykjavik | Diff | ||
| 1 pair of jeans (levis 501 or similar) | £72 (12,450 kr) | 14,089 kr | - 12% | |
| 1 summer dress in a high street store (zara, h&m or similar retailers) | £35 (6,120 kr) | 12,510 kr | - 51% | |
| 1 pair of sport shoes (nike, adidas, or equivalent brands) | £83 (14,335 kr) | 26,016 kr | - 45% | |
| 1 pair of men’s leather business shoes | £92 (15,860 kr) | 28,256 kr | - 44% | |
| Transportation | + 71% | |||
| Transportation in London (United Kingdom) is 71% 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 | £28,424 (4,901,533 kr) | 5,926,530 kr | - 17% | |
| 1 liter (1/4 gallon) of gas | £1.43 (246 kr) | 302 kr | - 19% | |
| Monthly ticket public transport | £172 (29,642 kr) | 10,866 kr | + 173% | |
| Taxi trip on a business day, basic tariff, 8 km. (5 miles) | £22 (3,753 kr) | 9,761 kr | - 62% | |
| Personal Care | - 38% | |||
| Personal Care in London (United Kingdom) is 38% cheaper than in Reykjavik (Iceland) | ||||
| Update prices | Update prices | |||
| London | Reykjavik | Diff | ||
| Cold medicine for 6 days (tylenol, frenadol, coldrex, or equivalent brands) | £2.54 (438 kr) | 1,305 kr | - 66% | |
| 1 box of antibiotics (12 doses) | £7 (1,147 kr) | 1,917 kr | - 40% | |
| Short visit to private doctor (15 minutes) | £62 (10,635 kr) | 11,410 kr | - 7% | |
| 1 box of 32 tampons (tampax, ob, ...) | £3.62 (625 kr) | 697 kr | - 10% | |
| Deodorant, roll-on (50ml ~ 1.5 oz.) | £2.06 (354 kr) | 690 kr | - 49% | |
| Hair shampoo 2-in-1 (400 ml ~ 12 oz.) | £4.81 (830 kr) | 723 kr | + 15% | |
| 4 rolls of toilet paper | £1.96 (338 kr) | 640 kr | - 47% | |
| Tube of toothpaste | £2.17 (374 kr) | 448 kr | - 16% | |
| Standard men's haircut in expat area of the city | £16 (2,752 kr) | 7,905 kr | - 65% | |
| Entertainment | - 32% | |||
| Entertainment in London (United Kingdom) is 32% cheaper than in Reykjavik (Iceland) | ||||
| Update prices | Update prices | |||
| London | Reykjavik | Diff | ||
| Basic dinner out for two in neighborhood pub | £47 (8,031 kr) | 9,775 kr | - 18% | |
| 2 tickets to the movies | £24 (4,189 kr) | 3,967 kr | + 6% | |
| 2 tickets to the theater (best available seats) | £127 (21,934 kr) | 14,457 kr | + 52% | |
| Dinner for two at an italian restaurant in the expat area including appetisers, main course, wine and dessert | £79 (13,664 kr) | 13,263 kr | + 3% | |
| 1 cocktail drink in downtown club | £13 (2,240 kr) | 3,423 kr | - 35% | |
| Cappuccino in expat area of the city | £3.74 (645 kr) | 795 kr | - 19% | |
| 1 beer in neighbourhood pub (500ml or 1pt.) | £7 (1,228 kr) | 1,441 kr | - 15% | |
| Ipad wi-fi 128gb | £398 (68,652 kr) | 164,715 kr | - 58% | |
| 1 min. of prepaid mobile tariff (no discounts or plans) | £0.11 (20 kr) | 57 kr | - 65% | |
| 1 month of gym membership in business district | £48 (8,196 kr) | 22,726 kr | - 64% | |
| 1 package of marlboro cigarettes | £16 (2,681 kr) | 1,785 kr | + 50% | |
 |
TOTAL | + 3% | ||
WARNING! This comparison is based on only a few data points. At this point it is only a guess. It is based on 1,190 prices entered by 187 different people.
These prices were last updated on May 13, 2025.
Exchange rate:
172.444
ISK
/
GBP
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For example, you would need at least 1,272,888 kr (£7,381) in London to maintain the same standard of living that you can have with 1,230,000 kr in Reykjavik.
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