- Cost of Living
- Iceland
- United Kingdom
- Comparison
Cost of living in Iceland compared to United Kingdom
Currency:
| Food | + 73% | |||
|---|---|---|---|---|
| Food in Iceland is 73% more expensive than in United Kingdom | ||||
| Basic lunchtime menu (including a drink) in the business district | 2,497 kr (£16) | £10 | + 53% | |
| Combo meal in fast food restaurant (Big Mac Meal or similar) | 1,740 kr (£11) | £5.65 | + 97% | |
| 500 gr (1 lb.) of boneless chicken breast | 1,114 kr (£7) | £3.79 | + 88% | |
| 1 liter (1 qt.) of whole fat milk | 160 kr (£1.03) | £0.86 | + 19% | |
| 12 eggs, large | 771 kr (£4.94) | £2.64 | + 87% | |
| 1 kg (2 lb.) of tomatoes | 581 kr (£3.72) | £1.97 | + 88% | |
| 500 gr (16 oz.) of local cheese | 1,197 kr (£8) | £4.72 | + 62% | |
| 1 kg (2 lb.) of apples | 475 kr (£3.04) | £1.99 | + 52% | |
| 1 kg (2 lb.) of potatoes | 405 kr (£2.59) | £0.82 | + 217% | |
| 0.5 l (16 oz) domestic beer in the supermarket | 378 kr (£2.42) | £1.78 | + 36% | |
| 1 bottle of red table wine, good quality | 2,900 kr (£19) | £9 | + 113% | |
| 2 liters of Coca-Cola | 285 kr (£1.82) | £1.85 | - 1% | |
| Bread for 2 people for 1 day | 294 kr (£1.88) | £0.94 | + 99% | |
| Housing | + 18% | |||
| Housing in Iceland is 18% more expensive than in United Kingdom | ||||
| Monthly rent for 85 m2 (900 Sqft) furnished accommodation in EXPENSIVE area | 256,996 kr (£1,645) | £1,941 | - 15% | |
| Monthly rent for 85 m2 (900 Sqft) furnished accommodation in NORMAL area | 230,782 kr (£1,477) | £1,239 | + 19% | |
| Utilities 1 month (heating, electricity, gas ...) for 2 people in 85m2 flat | 23,677 kr (£152) | £159 | - 5% | |
| Monthly rent for a 45 m2 (480 Sqft) furnished studio in EXPENSIVE area | 213,901 kr (£1,369) | £1,249 | + 10% | |
| Monthly rent for a 45 m2 (480 Sqft) furnished studio in NORMAL area | 167,852 kr (£1,075) | £846 | + 27% | |
| Utilities 1 month (heating, electricity, gas ...) for 1 person in 45 m2 (480 Sqft) studio | 32,849 kr (£210) | £120 | + 75% | |
| Internet 8 Mbps (1 month) | 6,272 kr (£40) | £22 | + 81% | |
| 40” flat screen TV | 93,926 kr (£601) | £340 | + 77% | |
| Microwave 800/900 Watt (Bosch, Panasonic, LG, Sharp, or equivalent brands) | 23,588 kr (£151) | £86 | + 76% | |
| Laundry detergent (3 l. ~ 100 oz.) | 1,696 kr (£11) | £7 | + 63% | |
| Hourly rate for cleaning help | 3,737 kr (£24) | £11 | + 119% | |
| Clothes | + 99% | |||
| Clothes in Iceland is 99% more expensive than in United Kingdom | ||||
| 1 pair of jeans (Levis 501 or similar) | 16,841 kr (£108) | £66 | + 63% | |
| 1 summer dress in a High Street Store (Zara, H&M or similar retailers) | 10,359 kr (£66) | £32 | + 105% | |
| 1 pair of sport shoes (Nike, Adidas, or equivalent brands) | 22,522 kr (£144) | £73 | + 99% | |
| 1 pair of men’s leather business shoes | 29,554 kr (£189) | £76 | + 150% | |
| Transportation | - 15% | |||
| Transportation in Iceland is 15% cheaper than in United Kingdom | ||||
| Volkswagen Golf 1.4 TSI 150 CV (or equivalent), with no extras, new | 3,391,240 kr (£21,710) | £18,864 | + 15% | |
| 1 liter (1/4 gallon) of gas | 216 kr (£1.38) | £1.27 | + 9% | |
| Monthly ticket public transport | 11,375 kr (£73) | £98 | - 26% | |
| Personal Care | + 27% | |||
| Personal Care in Iceland is 27% more expensive than in United Kingdom | ||||
| Cold medicine for 6 days (Tylenol, Frenadol, Coldrex, or equivalent brands) | 1,318 kr (£8) | £3.45 | + 144% | |
| 1 box of antibiotics (12 doses) | 1,601 kr (£10) | £8 | + 21% | |
| Short visit to private Doctor (15 minutes) | 4,541 kr (£29) | £76 | - 62% | |
| 1 box of 32 tampons (Tampax, OB, ...) | 498 kr (£3.19) | £3.56 | - 10% | |
| Deodorant, roll-on (50ml ~ 1.5 oz.) | 594 kr (£3.80) | £1.52 | + 149% | |
| Hair shampoo 2-in-1 (400 ml ~ 12 oz.) | 855 kr (£5.47) | £3.26 | + 68% | |
| 4 rolls of toilet paper | 510 kr (£3.26) | £1.82 | + 79% | |
| Tube of toothpaste | 363 kr (£2.32) | £1.53 | + 52% | |
| Standard men's haircut in expat area of the city | 5,730 kr (£37) | £12 | + 194% | |
| Entertainment | + 33% | |||
| Entertainment in Iceland is 33% more expensive than in United Kingdom | ||||
| Basic dinner out for two in neighborhood pub | 5,908 kr (£38) | £31 | + 21% | |
| 2 tickets to the movies | 3,095 kr (£20) | £21 | - 6% | |
| 2 tickets to the theater (best available seats) | 9,691 kr (£62) | £107 | - 42% | |
| Dinner for two at an Italian restaurant in the expat area including appetisers, main course, wine and dessert | 10,707 kr (£69) | £57 | + 20% | |
| 1 cocktail drink in downtown club | 2,422 kr (£16) | £9 | + 71% | |
| Cappuccino in expat area of the city | 636 kr (£4.07) | £3.03 | + 34% | |
| 1 beer in neighbourhood pub (500ml or 1pt.) | 1,080 kr (£7) | £4.48 | + 54% | |
| iPad Wi-Fi 128GB | 84,869 kr (£543) | £400 | + 36% | |
| 1 min. of prepaid mobile tariff (no discounts or plans) | 64 kr (£0.41) | £0.16 | + 154% | |
| 1 month of gym membership in business district | 8,011 kr (£51) | £45 | + 15% | |
| 1 package of Marlboro cigarettes | 1,448 kr (£9) | £11 | - 12% | |
| TOTAL | + 22% | |||
These prices were last updated on January 20, 2019.
Exchange rate:
0.00640
GBP
/
ISK
This comparison is based on abundant and consistent data. It is based on 15,948 prices entered by 2,439 different people.
Cost of living in Iceland is 22% more expensive than in United Kingdom
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