- Cost of Living
- Iceland
- United Kingdom
- Comparison
Cost of living in Iceland compared to United Kingdom
Currency:
| Food | + 94% | |||
|---|---|---|---|---|
| Food in Iceland is 94% more expensive than in United Kingdom | ||||
| Basic lunchtime menu (including a drink) in the business district | 2,438 kr (£17) | £11 | + 60% | |
| Combo meal in fast food restaurant (Big Mac Meal or similar) | 1,691 kr (£12) | £5.62 | + 109% | |
| 500 gr (1 lb.) of boneless chicken breast | 1,180 kr (£8) | £3.65 | + 125% | |
| 1 liter (1 qt.) of whole fat milk | 178 kr (£1.24) | £0.87 | + 43% | |
| 12 eggs, large | 794 kr (£5.52) | £2.70 | + 105% | |
| 1 kg (2 lb.) of tomatoes | 651 kr (£4.52) | £1.94 | + 133% | |
| 500 gr (16 oz.) of local cheese | 1,226 kr (£9) | £4.47 | + 90% | |
| 1 kg (2 lb.) of apples | 465 kr (£3.23) | £1.98 | + 63% | |
| 1 kg (2 lb.) of potatoes | 350 kr (£2.43) | £0.86 | + 184% | |
| 0.5 l (16 oz) domestic beer in the supermarket | 391 kr (£2.72) | £1.80 | + 51% | |
| 1 bottle of red table wine, good quality | 3,062 kr (£21) | £9 | + 145% | |
| 2 liters of Coca-Cola | 291 kr (£2.02) | £1.81 | + 11% | |
| Bread for 2 people for 1 day | 343 kr (£2.38) | £0.91 | + 161% | |
| Housing | + 29% | |||
| Housing in Iceland is 29% more expensive than in United Kingdom | ||||
| Monthly rent for 85 m2 (900 Sqft) furnished accommodation in EXPENSIVE area | 267,003 kr (£1,855) | £1,841 | + 1% | |
| Monthly rent for 85 m2 (900 Sqft) furnished accommodation in NORMAL area | 241,367 kr (£1,676) | £1,201 | + 40% | |
| Utilities 1 month (heating, electricity, gas ...) for 2 people in 85m2 flat | 12,235 kr (£85) | £152 | - 44% | |
| Monthly rent for a 45 m2 (480 Sqft) furnished studio in EXPENSIVE area | 210,487 kr (£1,462) | £1,122 | + 30% | |
| Monthly rent for a 45 m2 (480 Sqft) furnished studio in NORMAL area | 162,053 kr (£1,126) | £762 | + 48% | |
| Utilities 1 month (heating, electricity, gas ...) for 1 person in 45 m2 (480 Sqft) studio | 22,017 kr (£153) | £152 | + 1% | |
| Internet 8 Mbps (1 month) | 6,670 kr (£46) | £21 | + 119% | |
| 40” flat screen TV | 85,746 kr (£596) | £334 | + 78% | |
| Microwave 800/900 Watt (Bosch, Panasonic, LG, Sharp, or equivalent brands) | 20,510 kr (£142) | £84 | + 69% | |
| Laundry detergent (3 l. ~ 100 oz.) | 1,804 kr (£13) | £6 | + 96% | |
| Hourly rate for cleaning help | 3,491 kr (£24) | £11 | + 120% | |
| Clothes | + 104% | |||
| Clothes in Iceland is 104% more expensive than in United Kingdom | ||||
| 1 pair of jeans (Levis 501 or similar) | 15,967 kr (£111) | £63 | + 75% | |
| 1 summer dress in a High Street Store (Zara, H&M or similar retailers) | 9,525 kr (£66) | £32 | + 105% | |
| 1 pair of sport shoes (Nike, Adidas, or equivalent brands) | 20,011 kr (£139) | £70 | + 98% | |
| 1 pair of men’s leather business shoes | 28,733 kr (£200) | £71 | + 181% | |
| Transportation | - 6% | |||
| Transportation in Iceland is 6% cheaper than in United Kingdom | ||||
| Volkswagen Golf 1.4 TSI 150 CV (or equivalent), with no extras, new | 3,435,000 kr (£23,859) | £18,229 | + 31% | |
| 1 liter (1/4 gallon) of gas | 212 kr (£1.47) | £1.23 | + 19% | |
| Monthly ticket public transport | 11,351 kr (£79) | £95 | - 17% | |
| Personal Care | + 49% | |||
| Personal Care in Iceland is 49% more expensive than in United Kingdom | ||||
| Cold medicine for 6 days (Tylenol, Frenadol, Coldrex, or equivalent brands) | 1,711 kr (£12) | £3.22 | + 270% | |
| 1 box of antibiotics (12 doses) | 1,601 kr (£11) | £8 | + 36% | |
| Short visit to private Doctor (15 minutes) | 4,541 kr (£32) | £70 | - 55% | |
| 1 box of 32 tampons (Tampax, OB, ...) | 498 kr (£3.46) | £3.41 | + 2% | |
| Deodorant, roll-on (50ml ~ 1.5 oz.) | 622 kr (£4.32) | £1.52 | + 184% | |
| Hair shampoo 2-in-1 (400 ml ~ 12 oz.) | 1,096 kr (£8) | £3.24 | + 135% | |
| 4 rolls of toilet paper | 617 kr (£4.28) | £1.76 | + 143% | |
| Tube of toothpaste | 350 kr (£2.43) | £1.53 | + 59% | |
| Standard men's haircut in expat area of the city | 5,582 kr (£39) | £13 | + 206% | |
| Entertainment | + 48% | |||
| Entertainment in Iceland is 48% more expensive than in United Kingdom | ||||
| Basic dinner out for two in neighborhood pub | 6,641 kr (£46) | £31 | + 51% | |
| 2 tickets to the movies | 3,122 kr (£22) | £21 | + 4% | |
| 2 tickets to the theater (best available seats) | 10,855 kr (£75) | £116 | - 35% | |
| Dinner for two at an Italian restaurant in the expat area including appetisers, main course, wine and dessert | 9,164 kr (£64) | £56 | + 14% | |
| 1 cocktail drink in downtown club | 2,516 kr (£17) | £9 | + 92% | |
| Cappuccino in expat area of the city | 655 kr (£4.55) | £2.96 | + 54% | |
| 1 beer in neighbourhood pub (500ml or 1pt.) | 1,098 kr (£8) | £4.35 | + 75% | |
| iPad Wi-Fi 128GB | 87,572 kr (£608) | £401 | + 52% | |
| 1 min. of prepaid mobile tariff (no discounts or plans) | 64 kr (£0.45) | £0.15 | + 195% | |
| 1 month of gym membership in business district | 8,547 kr (£59) | £43 | + 37% | |
| 1 package of Marlboro cigarettes | 1,477 kr (£10) | £10 | + 1% | |
| TOTAL | + 35% | |||
These prices were last updated on September 22, 2018.
Exchange rate:
0.00695
GBP
/
ISK
This comparison is based on abundant and consistent data. It is based on 18,213 prices entered by 2,742 different people.
Cost of living in Iceland is 35% more expensive than in United Kingdom
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