Cost of living in Iceland compared to United Kingdom
Currency:
| Food | + 77% | |||
|---|---|---|---|---|
| Food in Iceland is 77% more expensive than in United Kingdom | ||||
| Basic lunchtime menu (including a drink) in the business district | 2,682 kr (£17) | £11 | + 48% | |
| Combo meal in fast food restaurant (big mac meal or similar) | 1,972 kr (£12) | £5.80 | + 111% | |
| 500 gr (1 lb.) of boneless chicken breast | 1,138 kr (£7) | £3.31 | + 113% | |
| 1 liter (1 qt.) of whole fat milk | 157 kr (£0.97) | £0.86 | + 14% | |
| 12 eggs, large | 755 kr (£4.67) | £2.32 | + 101% | |
| 1 kg (2 lb.) of tomatoes | 592 kr (£3.67) | £1.93 | + 90% | |
| 500 gr (16 oz.) of local cheese | 897 kr (£5.56) | £3.85 | + 44% | |
| 1 kg (2 lb.) of apples | 415 kr (£2.57) | £1.82 | + 41% | |
| 1 kg (2 lb.) of potatoes | 426 kr (£2.64) | £0.97 | + 172% | |
| 0.5 l (16 oz) domestic beer in the supermarket | 398 kr (£2.46) | £1.77 | + 39% | |
| 1 bottle of red table wine, good quality | 3,115 kr (£19) | £8 | + 151% | |
| 2 liters of coca-cola | 335 kr (£2.08) | £1.93 | + 8% | |
| Bread for 2 people for 1 day | 320 kr (£1.98) | £0.96 | + 108% | |
| Housing | + 22% | |||
| Housing in Iceland is 22% more expensive than in United Kingdom | ||||
| Monthly rent for 85 m2 (900 sqft) furnished accommodation in expensive area | 309,818 kr (£1,919) | £1,790 | + 7% | |
| Monthly rent for 85 m2 (900 sqft) furnished accommodation in normal area | 232,178 kr (£1,438) | £1,347 | + 7% | |
| Utilities 1 month (heating, electricity, gas ...) for 2 people in 85m2 flat | 23,301 kr (£144) | £132 | + 10% | |
| Monthly rent for a 45 m2 (480 sqft) furnished studio in expensive area | 173,145 kr (£1,072) | £1,028 | + 4% | |
| Monthly rent for a 45 m2 (480 sqft) furnished studio in normal area | 176,252 kr (£1,091) | £887 | + 23% | |
| Utilities 1 month (heating, electricity, gas ...) for 1 person in 45 m2 (480 sqft) studio | 25,549 kr (£158) | £109 | + 45% | |
| Internet 8 mbps (1 month) | 6,689 kr (£41) | £23 | + 82% | |
| 40” flat screen tv | 86,633 kr (£536) | £315 | + 70% | |
| Microwave 800/900 watt (bosch, panasonic, lg, sharp, or equivalent brands) | 25,900 kr (£160) | £85 | + 88% | |
| Laundry detergent (3 l. ~ 100 oz.) | 1,925 kr (£12) | £7 | + 83% | |
| Hourly rate for cleaning help | 3,410 kr (£21) | £12 | + 82% | |
| Clothes | + 63% | |||
| Clothes in Iceland is 63% more expensive than in United Kingdom | ||||
| 1 pair of jeans (levis 501 or similar) | 17,501 kr (£108) | £68 | + 60% | |
| 1 summer dress in a high street store (zara, h&m or similar retailers) | 7,301 kr (£45) | £30 | + 50% | |
| 1 pair of sport shoes (nike, adidas, or equivalent brands) | 17,572 kr (£109) | £69 | + 59% | |
| 1 pair of men’s leather business shoes | 29,325 kr (£182) | £71 | + 156% | |
| Transportation | + 0% | |||
| Transportation in Iceland is about the same as in United Kingdom | ||||
| Volkswagen golf 1.4 tsi 150 cv (or equivalent), with no extras, new | 3,672,550 kr (£22,742) | £20,092 | + 13% | |
| 1 liter (1/4 gallon) of gas | 191 kr (£1.18) | £1.27 | - 7% | |
| Monthly ticket public transport | 12,731 kr (£79) | £81 | - 2% | |
| Personal Care | + 22% | |||
| Personal Care in Iceland is 22% more expensive than in United Kingdom | ||||
| Cold medicine for 6 days (tylenol, frenadol, coldrex, or equivalent brands) | 1,355 kr (£8) | £3.67 | + 129% | |
| 1 box of antibiotics (12 doses) | 1,601 kr (£10) | £9 | + 15% | |
| Short visit to private doctor (15 minutes) | 4,855 kr (£30) | £83 | - 64% | |
| 1 box of 32 tampons (tampax, ob, ...) | 498 kr (£3.09) | £3.03 | + 2% | |
| Deodorant, roll-on (50ml ~ 1.5 oz.) | 408 kr (£2.52) | £1.41 | + 79% | |
| Hair shampoo 2-in-1 (400 ml ~ 12 oz.) | 866 kr (£5.36) | £3.37 | + 59% | |
| 4 rolls of toilet paper | 392 kr (£2.43) | £1.72 | + 41% | |
| Tube of toothpaste | 403 kr (£2.50) | £1.43 | + 75% | |
| Standard men's haircut in expat area of the city | 6,887 kr (£43) | £12 | + 249% | |
| Entertainment | + 49% | |||
| Entertainment in Iceland is 49% more expensive than in United Kingdom | ||||
| Basic dinner out for two in neighborhood pub | 6,422 kr (£40) | £30 | + 35% | |
| 2 tickets to the movies | 3,045 kr (£19) | £20 | - 4% | |
| 2 tickets to the theater (best available seats) | 10,062 kr (£62) | £106 | - 41% | |
| Dinner for two at an italian restaurant in the expat area including appetisers, main course, wine and dessert | 12,253 kr (£76) | £54 | + 41% | |
| 1 cocktail drink in downtown club | 2,505 kr (£16) | £9 | + 76% | |
| Cappuccino in expat area of the city | 713 kr (£4.42) | £2.94 | + 50% | |
| 1 beer in neighbourhood pub (500ml or 1pt.) | 1,141 kr (£7) | £4.40 | + 61% | |
| Ipad wi-fi 128gb | 88,913 kr (£551) | £388 | + 42% | |
| 1 min. of prepaid mobile tariff (no discounts or plans) | 64 kr (£0.40) | £0.11 | + 258% | |
| 1 month of gym membership in business district | 7,926 kr (£49) | £33 | + 48% | |
| 1 package of marlboro cigarettes | 1,429 kr (£9) | £11 | - 21% | |
| TOTAL | + 29% | |||
These prices were last updated on January 27, 2020.
Exchange rate:
0.00619
GBP
/
ISK
This comparison is based on abundant and consistent data. It is based on 7,969 prices entered by 1,337 different people.
Cost of living in Iceland is 29% more expensive than in United Kingdom
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