- Cost of Living
- Iceland
- United Kingdom
- Comparison
Cost of living in Iceland compared to United Kingdom
Currency:
| Food | + 106% | |||
|---|---|---|---|---|
| Food in Iceland is 106% more expensive than in United Kingdom | ||||
| Basic lunchtime menu (including a drink) in the business district | 2,908 kr (£21) | £10 | + 101% | |
| Combo meal in fast food restaurant (Big Mac Meal or similar) | 1,757 kr (£12) | £5.59 | + 123% | |
| 500 gr (1 lb.) of boneless chicken breast | 1,154 kr (£8) | £3.65 | + 125% | |
| 1 liter (1 qt.) of whole fat milk | 202 kr (£1.44) | £0.86 | + 67% | |
| 12 eggs, large | 780 kr (£5.54) | £2.64 | + 110% | |
| 1 kg (2 lb.) of tomatoes | 489 kr (£3.47) | £1.98 | + 75% | |
| 500 gr (16 oz.) of local cheese | 1,232 kr (£9) | £4.45 | + 97% | |
| 1 kg (2 lb.) of apples | 375 kr (£2.66) | £1.95 | + 37% | |
| 1 kg (2 lb.) of potatoes | 262 kr (£1.86) | £0.85 | + 119% | |
| 0.5 l (16 oz) domestic beer in the supermarket | 385 kr (£2.73) | £1.80 | + 52% | |
| 1 bottle of red table wine, good quality | 3,012 kr (£21) | £8 | + 153% | |
| 2 liters of Coca-Cola | 278 kr (£1.98) | £1.79 | + 11% | |
| Bread for 2 people for 1 day | 408 kr (£2.90) | £0.90 | + 223% | |
| 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 | 269,131 kr (£1,912) | £1,783 | + 7% | |
| Monthly rent for 85 m2 (900 Sqft) furnished accommodation in NORMAL area | 230,498 kr (£1,638) | £1,177 | + 39% | |
| Utilities 1 month (heating, electricity, gas ...) for 2 people in 85m2 flat | 13,299 kr (£94) | £157 | - 40% | |
| Monthly rent for a 45 m2 (480 Sqft) furnished studio in EXPENSIVE area | 184,447 kr (£1,311) | £1,065 | + 23% | |
| Monthly rent for a 45 m2 (480 Sqft) furnished studio in NORMAL area | 138,981 kr (£988) | £740 | + 33% | |
| Utilities 1 month (heating, electricity, gas ...) for 1 person in 45 m2 (480 Sqft) studio | 10,445 kr (£74) | £149 | - 50% | |
| Internet 8 Mbps (1 month) | 6,035 kr (£43) | £21 | + 108% | |
| 40” flat screen TV | 89,792 kr (£638) | £332 | + 92% | |
| Microwave 800/900 Watt (Bosch, Panasonic, LG, Sharp, or equivalent brands) | 18,717 kr (£133) | £82 | + 62% | |
| Laundry detergent (3 l. ~ 100 oz.) | 1,998 kr (£14) | £6 | + 120% | |
| Hourly rate for cleaning help | 4,697 kr (£33) | £11 | + 205% | |
| Clothes | + 85% | |||
| Clothes in Iceland is 85% more expensive than in United Kingdom | ||||
| 1 pair of jeans (Levis 501 or similar) | 15,292 kr (£109) | £64 | + 69% | |
| 1 summer dress in a High Street Store (Zara, H&M or similar retailers) | 8,194 kr (£58) | £32 | + 81% | |
| 1 pair of sport shoes (Nike, Adidas, or equivalent brands) | 18,333 kr (£130) | £69 | + 90% | |
| 1 pair of men’s leather business shoes | 24,558 kr (£174) | £73 | + 139% | |
| 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 | 3,406,120 kr (£24,202) | £18,362 | + 32% | |
| 1 liter (1/4 gallon) of gas | 201 kr (£1.43) | £1.19 | + 20% | |
| Monthly ticket public transport | 11,669 kr (£83) | £101 | - 18% | |
| Personal Care | + 19% | |||
| Personal Care in Iceland is 19% more expensive than in United Kingdom | ||||
| Cold medicine for 6 days (Tylenol, Frenadol, Coldrex, or equivalent brands) | - | £3.26 | - | |
| 1 box of antibiotics (12 doses) | 1,951 kr (£14) | £8 | + 69% | |
| Short visit to private Doctor (15 minutes) | 3,539 kr (£25) | £70 | - 64% | |
| 1 box of 32 tampons (Tampax, OB, ...) | 989 kr (£7) | £3.22 | + 119% | |
| Deodorant, roll-on (50ml ~ 1.5 oz.) | 641 kr (£4.55) | £1.59 | + 186% | |
| Hair shampoo 2-in-1 (400 ml ~ 12 oz.) | 635 kr (£4.51) | £3.41 | + 32% | |
| 4 rolls of toilet paper | 448 kr (£3.18) | £1.76 | + 81% | |
| Tube of toothpaste | 454 kr (£3.23) | £1.55 | + 109% | |
| Standard men's haircut in expat area of the city | 5,375 kr (£38) | £14 | + 181% | |
| Entertainment | + 59% | |||
| Entertainment in Iceland is 59% more expensive than in United Kingdom | ||||
| Basic dinner out for two in neighborhood pub | 6,898 kr (£49) | £31 | + 59% | |
| 2 tickets to the movies | 3,125 kr (£22) | £21 | + 8% | |
| 2 tickets to the theater (best available seats) | 13,011 kr (£92) | £124 | - 25% | |
| Dinner for two at an Italian restaurant in the expat area including appetisers, main course, wine and dessert | 14,322 kr (£102) | £55 | + 86% | |
| 1 cocktail drink in downtown club | 2,404 kr (£17) | £9 | + 87% | |
| Cappuccino in expat area of the city | 595 kr (£4.23) | £2.96 | + 43% | |
| 1 beer in neighbourhood pub (500ml or 1pt.) | 1,064 kr (£8) | £4.41 | + 72% | |
| iPad Wi-Fi 128GB | 78,246 kr (£556) | £416 | + 34% | |
| 1 min. of prepaid mobile tariff (no discounts or plans) | 78 kr (£0.55) | £0.19 | + 191% | |
| 1 month of gym membership in business district | 8,545 kr (£61) | £45 | + 36% | |
| 1 package of Marlboro cigarettes | 1,480 kr (£11) | £10 | + 5% | |
| TOTAL | + 37% | |||
These prices were last updated on May 20, 2018.
Exchange rate:
0.00711
GBP
/
ISK
This comparison is based on abundant and consistent data. It is based on 17,731 prices entered by 2,807 different people.
Cost of living in Iceland is 37% more expensive than in United Kingdom
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