- Cost of Living
- Iceland
- United Kingdom
- Comparison
Cost of living in Iceland compared to United Kingdom
Currency:
| Food | + 99% | |||
|---|---|---|---|---|
| Food in Iceland is 99% more expensive than in United Kingdom | ||||
| Basic lunchtime menu (including a drink) in the business district | 2,690 kr (£19) | £11 | + 83% | |
| Combo meal in fast food restaurant (Big Mac Meal or similar) | 1,691 kr (£12) | £5.62 | + 117% | |
| 500 gr (1 lb.) of boneless chicken breast | 1,085 kr (£8) | £3.69 | + 112% | |
| 1 liter (1 qt.) of whole fat milk | 188 kr (£1.36) | £0.86 | + 57% | |
| 12 eggs, large | 722 kr (£5.21) | £2.69 | + 94% | |
| 1 kg (2 lb.) of tomatoes | 468 kr (£3.38) | £1.94 | + 74% | |
| 500 gr (16 oz.) of local cheese | 1,118 kr (£8) | £4.49 | + 80% | |
| 1 kg (2 lb.) of apples | 421 kr (£3.04) | £1.98 | + 53% | |
| 1 kg (2 lb.) of potatoes | 275 kr (£1.98) | £0.85 | + 132% | |
| 0.5 l (16 oz) domestic beer in the supermarket | 378 kr (£2.73) | £1.78 | + 53% | |
| 1 bottle of red table wine, good quality | 2,692 kr (£19) | £8 | + 129% | |
| 2 liters of Coca-Cola | 277 kr (£2.00) | £1.80 | + 11% | |
| Bread for 2 people for 1 day | 412 kr (£2.97) | £0.90 | + 232% | |
| Housing | + 42% | |||
| Housing in Iceland is 42% more expensive than in United Kingdom | ||||
| Monthly rent for 85 m2 (900 Sqft) furnished accommodation in EXPENSIVE area | 261,889 kr (£1,889) | £1,796 | + 5% | |
| Monthly rent for 85 m2 (900 Sqft) furnished accommodation in NORMAL area | 236,478 kr (£1,706) | £1,197 | + 42% | |
| Utilities 1 month (heating, electricity, gas ...) for 2 people in 85m2 flat | 12,513 kr (£90) | £154 | - 42% | |
| Monthly rent for a 45 m2 (480 Sqft) furnished studio in EXPENSIVE area | 200,038 kr (£1,443) | £1,091 | + 32% | |
| Monthly rent for a 45 m2 (480 Sqft) furnished studio in NORMAL area | 163,469 kr (£1,179) | £744 | + 59% | |
| Utilities 1 month (heating, electricity, gas ...) for 1 person in 45 m2 (480 Sqft) studio | 12,667 kr (£91) | £150 | - 39% | |
| Internet 8 Mbps (1 month) | 6,180 kr (£45) | £21 | + 113% | |
| 40” flat screen TV | 104,963 kr (£757) | £334 | + 127% | |
| Microwave 800/900 Watt (Bosch, Panasonic, LG, Sharp, or equivalent brands) | 22,906 kr (£165) | £84 | + 98% | |
| Laundry detergent (3 l. ~ 100 oz.) | 1,609 kr (£12) | £6 | + 82% | |
| Hourly rate for cleaning help | 6,830 kr (£49) | £11 | + 350% | |
| Clothes | + 97% | |||
| Clothes in Iceland is 97% more expensive than in United Kingdom | ||||
| 1 pair of jeans (Levis 501 or similar) | 14,994 kr (£108) | £64 | + 68% | |
| 1 summer dress in a High Street Store (Zara, H&M or similar retailers) | 8,649 kr (£62) | £32 | + 95% | |
| 1 pair of sport shoes (Nike, Adidas, or equivalent brands) | 20,092 kr (£145) | £69 | + 111% | |
| 1 pair of men’s leather business shoes | 25,959 kr (£187) | £72 | + 159% | |
| Transportation | - 2% | |||
| Transportation in Iceland is 2% cheaper than in United Kingdom | ||||
| Volkswagen Golf 1.4 TSI 150 CV (or equivalent), with no extras, new | 3,465,000 kr (£24,996) | £18,319 | + 36% | |
| 1 liter (1/4 gallon) of gas | 207 kr (£1.49) | £1.22 | + 23% | |
| Monthly ticket public transport | 11,636 kr (£84) | £97 | - 14% | |
| Personal Care | + 42% | |||
| Personal Care in Iceland is 42% more expensive than in United Kingdom | ||||
| Cold medicine for 6 days (Tylenol, Frenadol, Coldrex, or equivalent brands) | 400 kr (£2.89) | £3.26 | - 12% | |
| 1 box of antibiotics (12 doses) | 2,025 kr (£15) | £8 | + 77% | |
| Short visit to private Doctor (15 minutes) | 4,048 kr (£29) | £68 | - 57% | |
| 1 box of 32 tampons (Tampax, OB, ...) | 764 kr (£5.51) | £3.27 | + 69% | |
| Deodorant, roll-on (50ml ~ 1.5 oz.) | 736 kr (£5.31) | £1.58 | + 236% | |
| Hair shampoo 2-in-1 (400 ml ~ 12 oz.) | 921 kr (£7) | £3.22 | + 106% | |
| 4 rolls of toilet paper | 532 kr (£3.84) | £1.75 | + 120% | |
| Tube of toothpaste | 404 kr (£2.91) | £1.50 | + 95% | |
| Standard men's haircut in expat area of the city | 5,446 kr (£39) | £13 | + 205% | |
| Entertainment | + 64% | |||
| Entertainment in Iceland is 64% more expensive than in United Kingdom | ||||
| Basic dinner out for two in neighborhood pub | 6,974 kr (£50) | £30 | + 66% | |
| 2 tickets to the movies | 3,285 kr (£24) | £21 | + 14% | |
| 2 tickets to the theater (best available seats) | 12,458 kr (£90) | £121 | - 25% | |
| Dinner for two at an Italian restaurant in the expat area including appetisers, main course, wine and dessert | 12,832 kr (£93) | £55 | + 68% | |
| 1 cocktail drink in downtown club | 2,529 kr (£18) | £9 | + 97% | |
| Cappuccino in expat area of the city | 607 kr (£4.38) | £2.95 | + 48% | |
| 1 beer in neighbourhood pub (500ml or 1pt.) | 1,075 kr (£8) | £4.35 | + 78% | |
| iPad Wi-Fi 128GB | 83,199 kr (£600) | £405 | + 48% | |
| 1 min. of prepaid mobile tariff (no discounts or plans) | 64 kr (£0.46) | £0.14 | + 222% | |
| 1 month of gym membership in business district | 8,343 kr (£60) | £45 | + 35% | |
| 1 package of Marlboro cigarettes | 1,492 kr (£11) | £10 | + 7% | |
| TOTAL | + 43% | |||
These prices were last updated on July 20, 2018.
Exchange rate:
0.00721
GBP
/
ISK
This comparison is based on abundant and consistent data. It is based on 17,736 prices entered by 2,753 different people.
Cost of living in Iceland is 43% more expensive than in United Kingdom
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