Cost of living in Iceland compared to United Kingdom
Currency:
| Food | + 71% | |||
|---|---|---|---|---|
| Food in Iceland is 71% more expensive than in United Kingdom | ||||
| Basic lunchtime menu (including a drink) in the business district | 2,674 kr (£15) | £11 | + 36% | |
| Combo meal in fast food restaurant (big mac meal or similar) | 1,787 kr (£10) | £5.76 | + 79% | |
| 500 gr (1 lb.) of boneless chicken breast | 961 kr (£5.55) | £3.15 | + 76% | |
| 1 liter (1 qt.) of whole fat milk | 190 kr (£1.09) | £0.86 | + 27% | |
| 12 eggs, large | 831 kr (£4.80) | £2.56 | + 87% | |
| 1 kg (2 lb.) of tomatoes | 572 kr (£3.30) | £1.91 | + 73% | |
| 500 gr (16 oz.) of local cheese | 852 kr (£4.92) | £3.68 | + 34% | |
| 1 kg (2 lb.) of apples | 317 kr (£1.83) | £1.93 | - 5% | |
| 1 kg (2 lb.) of potatoes | 331 kr (£1.91) | £0.89 | + 115% | |
| 0.5 l (16 oz) domestic beer in the supermarket | 454 kr (£2.62) | £1.71 | + 53% | |
| 1 bottle of red table wine, good quality | 2,949 kr (£17) | £8 | + 115% | |
| 2 liters of coca-cola | 314 kr (£1.82) | £1.94 | - 7% | |
| Bread for 2 people for 1 day | 504 kr (£2.91) | £0.92 | + 217% | |
| Housing | + 34% | |||
| Housing in Iceland is 34% more expensive than in United Kingdom | ||||
| Monthly rent for 85 m2 (900 sqft) furnished accommodation in expensive area | 301,800 kr (£1,743) | £1,752 | - 1% | |
| Monthly rent for 85 m2 (900 sqft) furnished accommodation in normal area | 267,065 kr (£1,543) | £1,051 | + 47% | |
| Utilities 1 month (heating, electricity, gas ...) for 2 people in 85m2 flat | 33,887 kr (£196) | £147 | + 33% | |
| Monthly rent for a 45 m2 (480 sqft) furnished studio in expensive area | 202,644 kr (£1,170) | £1,018 | + 15% | |
| Monthly rent for a 45 m2 (480 sqft) furnished studio in normal area | 170,620 kr (£985) | £807 | + 22% | |
| Utilities 1 month (heating, electricity, gas ...) for 1 person in 45 m2 (480 sqft) studio | 21,721 kr (£125) | £90 | + 39% | |
| Internet 8 mbps (1 month) | 9,153 kr (£53) | £25 | + 110% | |
| 40” flat screen tv | 121,874 kr (£704) | £318 | + 121% | |
| Microwave 800/900 watt (bosch, panasonic, lg, sharp, or equivalent brands) | 42,834 kr (£247) | £75 | + 231% | |
| Laundry detergent (3 l. ~ 100 oz.) | 2,253 kr (£13) | £6 | + 105% | |
| Hourly rate for cleaning help | 4,355 kr (£25) | £12 | + 115% | |
| Clothes | + 47% | |||
| Clothes in Iceland is 47% more expensive than in United Kingdom | ||||
| 1 pair of jeans (levis 501 or similar) | 16,512 kr (£95) | £65 | + 48% | |
| 1 summer dress in a high street store (zara, h&m or similar retailers) | 7,331 kr (£42) | £31 | + 35% | |
| 1 pair of sport shoes (nike, adidas, or equivalent brands) | 18,754 kr (£108) | £73 | + 49% | |
| 1 pair of men’s leather business shoes | 25,104 kr (£145) | £69 | + 111% | |
| Transportation | - 2% | |||
| Transportation in Iceland is about the same as in United Kingdom | ||||
| Volkswagen golf 1.4 tsi 150 cv (or equivalent), with no extras, new | 3,899,760 kr (£22,525) | £21,060 | + 7% | |
| 1 liter (1/4 gallon) of gas | 228 kr (£1.32) | £1.18 | + 11% | |
| Monthly ticket public transport | 13,260 kr (£77) | £82 | - 6% | |
| Personal Care | + 57% | |||
| Personal Care in Iceland is 57% more expensive than in United Kingdom | ||||
| Cold medicine for 6 days (tylenol, frenadol, coldrex, or equivalent brands) | 1,200 kr (£7) | £3.09 | + 124% | |
| 1 box of antibiotics (12 doses) | 2,068 kr (£12) | £9 | + 34% | |
| Short visit to private doctor (15 minutes) | 9,138 kr (£53) | £74 | - 29% | |
| 1 box of 32 tampons (tampax, ob, ...) | 620 kr (£3.58) | £3.19 | + 12% | |
| Deodorant, roll-on (50ml ~ 1.5 oz.) | 1,188 kr (£7) | £1.50 | + 357% | |
| Hair shampoo 2-in-1 (400 ml ~ 12 oz.) | 677 kr (£3.91) | £3.21 | + 22% | |
| 4 rolls of toilet paper | 520 kr (£3.00) | £1.85 | + 62% | |
| Tube of toothpaste | 650 kr (£3.75) | £1.41 | + 166% | |
| Standard men's haircut in expat area of the city | 5,217 kr (£30) | £15 | + 106% | |
| Entertainment | + 45% | |||
| Entertainment in Iceland is 45% more expensive than in United Kingdom | ||||
| Basic dinner out for two in neighborhood pub | 11,778 kr (£68) | £31 | + 123% | |
| 2 tickets to the movies | 3,236 kr (£19) | £18 | + 3% | |
| 2 tickets to the theater (best available seats) | 20,600 kr (£119) | £137 | - 13% | |
| Dinner for two at an italian restaurant in the expat area including appetisers, main course, wine and dessert | 14,645 kr (£85) | £56 | + 52% | |
| 1 cocktail drink in downtown club | 2,690 kr (£16) | £9 | + 77% | |
| Cappuccino in expat area of the city | 599 kr (£3.46) | £3.08 | + 12% | |
| 1 beer in neighbourhood pub (500ml or 1pt.) | 1,095 kr (£6) | £4.50 | + 40% | |
| Ipad wi-fi 128gb | 120,000 kr (£693) | £425 | + 63% | |
| 1 min. of prepaid mobile tariff (no discounts or plans) | 22 kr (£0.12) | £0.11 | + 13% | |
| 1 month of gym membership in business district | 7,357 kr (£42) | £31 | + 35% | |
| 1 package of marlboro cigarettes | 1,749 kr (£10) | £12 | - 14% | |
| TOTAL | + 31% | |||
These prices were last updated on May 05, 2021.
Exchange rate:
0.00578
GBP
/
ISK
This comparison is based on abundant and consistent data. It is based on 5,633 prices entered by 867 different people.
Cost of living in Iceland is 31% more expensive than in United Kingdom
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