- 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 | 2,564 kr (£16) | £11 | + 48% | |
| Combo meal in fast food restaurant (Big Mac Meal or similar) | 1,737 kr (£11) | £5.59 | + 92% | |
| 500 gr (1 lb.) of boneless chicken breast | 1,138 kr (£7) | £3.61 | + 95% | |
| 1 liter (1 qt.) of whole fat milk | 161 kr (£1.00) | £0.87 | + 15% | |
| 12 eggs, large | 797 kr (£4.93) | £2.68 | + 84% | |
| 1 kg (2 lb.) of tomatoes | 625 kr (£3.87) | £1.92 | + 102% | |
| 500 gr (16 oz.) of local cheese | 1,147 kr (£7) | £4.52 | + 57% | |
| 1 kg (2 lb.) of apples | 479 kr (£2.97) | £1.97 | + 51% | |
| 1 kg (2 lb.) of potatoes | 371 kr (£2.30) | £0.85 | + 172% | |
| 0.5 l (16 oz) domestic beer in the supermarket | 393 kr (£2.44) | £1.76 | + 38% | |
| 1 bottle of red table wine, good quality | 2,917 kr (£18) | £9 | + 111% | |
| 2 liters of Coca-Cola | 291 kr (£1.80) | £1.82 | - 1% | |
| Bread for 2 people for 1 day | 331 kr (£2.05) | £0.92 | + 122% | |
| Housing | + 13% | |||
| Housing in Iceland is 13% more expensive than in United Kingdom | ||||
| Monthly rent for 85 m2 (900 Sqft) furnished accommodation in EXPENSIVE area | 261,752 kr (£1,620) | £1,857 | - 13% | |
| Monthly rent for 85 m2 (900 Sqft) furnished accommodation in NORMAL area | 241,367 kr (£1,494) | £1,198 | + 25% | |
| Utilities 1 month (heating, electricity, gas ...) for 2 people in 85m2 flat | 12,235 kr (£76) | £157 | - 52% | |
| Monthly rent for a 45 m2 (480 Sqft) furnished studio in EXPENSIVE area | 210,487 kr (£1,303) | £1,145 | + 14% | |
| Monthly rent for a 45 m2 (480 Sqft) furnished studio in NORMAL area | 162,053 kr (£1,003) | £783 | + 28% | |
| Utilities 1 month (heating, electricity, gas ...) for 1 person in 45 m2 (480 Sqft) studio | 22,017 kr (£136) | £145 | - 6% | |
| Internet 8 Mbps (1 month) | 6,670 kr (£41) | £22 | + 92% | |
| 40” flat screen TV | 85,746 kr (£531) | £338 | + 57% | |
| Microwave 800/900 Watt (Bosch, Panasonic, LG, Sharp, or equivalent brands) | 20,510 kr (£127) | £85 | + 49% | |
| Laundry detergent (3 l. ~ 100 oz.) | 1,804 kr (£11) | £6 | + 75% | |
| Hourly rate for cleaning help | 3,491 kr (£22) | £11 | + 98% | |
| Clothes | + 82% | |||
| Clothes in Iceland is 82% more expensive than in United Kingdom | ||||
| 1 pair of jeans (Levis 501 or similar) | 15,967 kr (£99) | £63 | + 57% | |
| 1 summer dress in a High Street Store (Zara, H&M or similar retailers) | 9,525 kr (£59) | £32 | + 82% | |
| 1 pair of sport shoes (Nike, Adidas, or equivalent brands) | 19,996 kr (£124) | £70 | + 76% | |
| 1 pair of men’s leather business shoes | 28,733 kr (£178) | £72 | + 146% | |
| Transportation | - 14% | |||
| Transportation in Iceland is 14% cheaper than in United Kingdom | ||||
| Volkswagen Golf 1.4 TSI 150 CV (or equivalent), with no extras, new | 3,426,470 kr (£21,210) | £18,349 | + 16% | |
| 1 liter (1/4 gallon) of gas | 215 kr (£1.33) | £1.24 | + 7% | |
| Monthly ticket public transport | 11,490 kr (£71) | £94 | - 24% | |
| Personal Care | + 24% | |||
| Personal Care in Iceland is 24% more expensive than in United Kingdom | ||||
| Cold medicine for 6 days (Tylenol, Frenadol, Coldrex, or equivalent brands) | 1,711 kr (£11) | £3.33 | + 218% | |
| 1 box of antibiotics (12 doses) | 1,601 kr (£10) | £8 | + 22% | |
| Short visit to private Doctor (15 minutes) | 4,541 kr (£28) | £74 | - 62% | |
| 1 box of 32 tampons (Tampax, OB, ...) | 498 kr (£3.08) | £3.48 | - 11% | |
| Deodorant, roll-on (50ml ~ 1.5 oz.) | 622 kr (£3.85) | £1.53 | + 152% | |
| Hair shampoo 2-in-1 (400 ml ~ 12 oz.) | 967 kr (£5.98) | £3.22 | + 86% | |
| 4 rolls of toilet paper | 571 kr (£3.53) | £1.80 | + 97% | |
| Tube of toothpaste | 350 kr (£2.17) | £1.54 | + 41% | |
| Standard men's haircut in expat area of the city | 5,582 kr (£35) | £13 | + 174% | |
| Entertainment | + 32% | |||
| Entertainment in Iceland is 32% more expensive than in United Kingdom | ||||
| Basic dinner out for two in neighborhood pub | 6,466 kr (£40) | £31 | + 30% | |
| 2 tickets to the movies | 3,094 kr (£19) | £21 | - 8% | |
| 2 tickets to the theater (best available seats) | 11,063 kr (£68) | £115 | - 40% | |
| Dinner for two at an Italian restaurant in the expat area including appetisers, main course, wine and dessert | 9,252 kr (£57) | £54 | + 5% | |
| 1 cocktail drink in downtown club | 2,428 kr (£15) | £9 | + 67% | |
| Cappuccino in expat area of the city | 655 kr (£4.05) | £2.96 | + 37% | |
| 1 beer in neighbourhood pub (500ml or 1pt.) | 1,090 kr (£7) | £4.36 | + 55% | |
| iPad Wi-Fi 128GB | 84,869 kr (£525) | £401 | + 31% | |
| 1 min. of prepaid mobile tariff (no discounts or plans) | 64 kr (£0.40) | £0.15 | + 170% | |
| 1 month of gym membership in business district | 8,232 kr (£51) | £43 | + 18% | |
| 1 package of Marlboro cigarettes | 1,454 kr (£9) | £10 | - 12% | |
| TOTAL | + 21% | |||
These prices were last updated on November 15, 2018.
Exchange rate:
0.00619
GBP
/
ISK
This comparison is based on abundant and consistent data. It is based on 17,484 prices entered by 2,632 different people.
Cost of living in Iceland is 21% more expensive than in United Kingdom
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