Cost of living in Iceland compared to United Kingdom
Currency:
| Food | + 92% | |||
|---|---|---|---|---|
| Food in Iceland is 92% more expensive than in United Kingdom | ||||
| Iceland | United Kingdom | Diff | ||
| Basic lunchtime menu (including a drink) in the business district | 4,437 kr (£27) | £14 | + 91% | |
| Combo meal in fast food restaurant (big mac meal or similar) | 2,053 kr (£12) | £5.91 | + 111% | |
| 500 gr (1 lb.) of boneless chicken breast | 1,018 kr (£6) | £3.37 | + 84% | |
| 1 liter (1 qt.) of whole fat milk | 236 kr (£1.43) | £0.89 | + 61% | |
| 12 eggs, large | 720 kr (£4.37) | £2.77 | + 58% | |
| 1 kg (2 lb.) of tomatoes | 706 kr (£4.29) | £2.29 | + 87% | |
| 500 gr (16 oz.) of local cheese | 1,069 kr (£6) | £3.83 | + 69% | |
| 1 kg (2 lb.) of apples | 270 kr (£1.64) | £2.12 | - 23% | |
| 1 kg (2 lb.) of potatoes | 414 kr (£2.52) | £0.88 | + 188% | |
| 0.5 l (16 oz) domestic beer in the supermarket | 463 kr (£2.81) | £1.87 | + 50% | |
| 1 bottle of red table wine, good quality | 2,821 kr (£17) | £9 | + 101% | |
| 2 liters of coca-cola | 338 kr (£2.05) | £1.92 | + 7% | |
| Bread for 2 people for 1 day | 492 kr (£2.99) | £1.03 | + 190% | |
| Housing | + 18% | |||
| Housing in Iceland is 18% more expensive than in United Kingdom | ||||
| Iceland | United Kingdom | Diff | ||
| Monthly rent for 85 m2 (900 sqft) furnished accommodation in expensive area | 334,278 kr (£2,031) | £2,255 | - 10% | |
| Monthly rent for 85 m2 (900 sqft) furnished accommodation in normal area | 287,466 kr (£1,747) | £1,788 | - 2% | |
| Utilities 1 month (heating, electricity, gas ...) for 2 people in 85m2 flat | 54,829 kr (£333) | £177 | + 88% | |
| Monthly rent for a 45 m2 (480 sqft) furnished studio in expensive area | 207,933 kr (£1,263) | £1,525 | - 17% | |
| Monthly rent for a 45 m2 (480 sqft) furnished studio in normal area | 197,248 kr (£1,198) | £1,191 | + 1% | |
| Utilities 1 month (heating, electricity, gas ...) for 1 person in 45 m2 (480 sqft) studio | 30,820 kr (£187) | £138 | + 35% | |
| Internet 8 mbps (1 month) | 8,104 kr (£49) | £26 | + 89% | |
| 40” flat screen tv | 94,218 kr (£572) | £294 | + 95% | |
| Microwave 800/900 watt (bosch, panasonic, lg, sharp, or equivalent brands) | 48,000 kr (£292) | £101 | + 190% | |
| Laundry detergent (3 l. ~ 100 oz.) | 3,700 kr (£22) | £6 | + 258% | |
| Hourly rate for cleaning help | 6,316 kr (£38) | £13 | + 195% | |
| Clothes | + 91% | |||
| Clothes in Iceland is 91% more expensive than in United Kingdom | ||||
| Iceland | United Kingdom | Diff | ||
| 1 pair of jeans (levis 501 or similar) | 15,379 kr (£93) | £67 | + 40% | |
| 1 summer dress in a high street store (zara, h&m or similar retailers) | 11,736 kr (£71) | £34 | + 111% | |
| 1 pair of sport shoes (nike, adidas, or equivalent brands) | 27,493 kr (£167) | £74 | + 125% | |
| 1 pair of men’s leather business shoes | 26,006 kr (£158) | £85 | + 86% | |
| Transportation | - 21% | |||
| Transportation in Iceland is 21% cheaper than in United Kingdom | ||||
| Iceland | United Kingdom | Diff | ||
| Volkswagen golf 1.4 tsi 150 cv (or equivalent), with no extras, new | 3,937,100 kr (£23,921) | £22,915 | + 4% | |
| 1 liter (1/4 gallon) of gas | 300 kr (£1.82) | £1.55 | + 17% | |
| Monthly ticket public transport | 12,696 kr (£77) | £113 | - 32% | |
| Personal Care | + 62% | |||
| Personal Care in Iceland is 62% more expensive than in United Kingdom | ||||
| Iceland | United Kingdom | Diff | ||
| Cold medicine for 6 days (tylenol, frenadol, coldrex, or equivalent brands) | 680 kr (£4.13) | £4.11 | + 0% | |
| 1 box of antibiotics (12 doses) | 2,068 kr (£13) | £9 | + 38% | |
| Short visit to private doctor (15 minutes) | 10,000 kr (£61) | £90 | - 33% | |
| 1 box of 32 tampons (tampax, ob, ...) | 950 kr (£5.77) | £2.50 | + 131% | |
| Deodorant, roll-on (50ml ~ 1.5 oz.) | 1,395 kr (£8) | £1.57 | + 439% | |
| Hair shampoo 2-in-1 (400 ml ~ 12 oz.) | 685 kr (£4.16) | £3.42 | + 22% | |
| 4 rolls of toilet paper | 638 kr (£3.87) | £1.89 | + 105% | |
| Tube of toothpaste | 454 kr (£2.76) | £1.29 | + 115% | |
| Standard men's haircut in expat area of the city | 7,203 kr (£44) | £14 | + 202% | |
| Entertainment | - 0% | |||
| Entertainment in Iceland is about the same as in United Kingdom | ||||
| Iceland | United Kingdom | Diff | ||
| Basic dinner out for two in neighborhood pub | 4,944 kr (£30) | £36 | - 16% | |
| 2 tickets to the movies | 3,278 kr (£20) | £24 | - 17% | |
| 2 tickets to the theater (best available seats) | 35,000 kr (£213) | £140 | + 51% | |
| Dinner for two at an italian restaurant in the expat area including appetisers, main course, wine and dessert | 14,878 kr (£90) | £61 | + 48% | |
| 1 cocktail drink in downtown club | 3,005 kr (£18) | £9 | + 94% | |
| Cappuccino in expat area of the city | 616 kr (£3.74) | £3.18 | + 18% | |
| 1 beer in neighbourhood pub (500ml or 1pt.) | 1,191 kr (£7) | £5.32 | + 36% | |
| Ipad wi-fi 128gb | 11,800 kr (£72) | £533 | - 87% | |
| 1 min. of prepaid mobile tariff (no discounts or plans) | 20 kr (£0.12) | £0.12 | - 3% | |
| 1 month of gym membership in business district | 7,344 kr (£45) | £40 | + 11% | |
| 1 package of marlboro cigarettes | 2,033 kr (£12) | £12 | + 3% | |
| TOTAL | + 16% | |||
These prices were last updated on May 21, 2022.
Exchange rate:
0.00608
GBP
/
ISK
This comparison is based on abundant and consistent data. It is based on 3,572 prices entered by 586 different people.
Cost of living in Iceland is 16% more expensive than in United Kingdom
Other Country Comparisons
- Cost of living in Albania is 57% cheaper than in United Kingdom
- Cost of living in Argentina is 57% cheaper than in United Kingdom
- Cost of living in Afghanistan is 62% cheaper than in United Kingdom
- Cost of living in Angola is 23% cheaper than in United Kingdom
- Cost of living in Netherlands Antilles is 23% cheaper than in United Kingdom
- Cost of living in Anguilla is 27% more expensive than in United Kingdom
- Cost of living in United Arab Emirates is 12% cheaper than in United Kingdom
- Cost of living in Antigua and Barbuda is 19% cheaper than in United Kingdom