Cost of Living Comparison Between Iceland and United Kingdom Cost of Living Comparison Between Iceland and United Kingdom

Name: United Kingdom
Address: GB

😐 Solo nomad: Iceland is 63.4% more expensive than United Kingdom without rent, and 54.1% more expensive with rent.

😐 Family of 3: Iceland is 62% more expensive than United Kingdom without rent, and 47.7% more expensive with rent.

Meal at Budget Restaurant

$26.42 ISK 3,328

$20.24 £15.12

30.53%

Three-Course Dinner for Two, Mid-Range

$128 ISK 16.1K

$87.4 £65.3

46.11%

Fast Food Meal (McDonalds, etc)

$19.96 ISK 2,514

$10.17 £7.60

96.26%

Cappuccino

$5.99 ISK 755

$4.73 £3.54

26.64%

Coke/Pepsi/Fanta/Sprite (0.33 liter bottle)

$3.32 ISK 418

$2.38 £1.78

39.50%

Water (0.33 liter bottle)

$2.62 ISK 330

$1.74 £1.30

50.57%

Local Beer (0.5 liter draught)

$12.09 ISK 1,523

$6.60 £4.93

83.18%

Imported Beer (0.33 liter bottle)

$10.65 ISK 1,341

$6.45 £4.82

65.12%

Milk (1 liter)

$1.95 ISK 246

$1.71 £1.28

14.04%

White Bread (500g)

$4.21 ISK 531

$1.70 £1.27

147.65%

Rice (white) (1kg)

$3.59 ISK 452

$2.18 £1.63

64.68%

Eggs

$6.41 ISK 808

$4.06 £3.03

57.88%

Local Cheese (1kg)

$18.74 ISK 2,360

$9.91 £7.40

89.10%

Chicken Fillets (1kg)

$23.89 ISK 3,010

$8.86 £6.61

169.64%

Beef Round Steak (1kg)

$42.05 ISK 5,298

$14.01 £10.47

200.14%

Apples (1kg)

$3.07 ISK 387

$2.94 £2.20

4.42%

Banana (1kg)

$2.50 ISK 315

$1.61 £1.20

55.28%

Oranges (1kg)

$2.89 ISK 364

$2.81 £2.10

2.85%

Tomato (1kg)

$4.96 ISK 625

$3.55 £2.65

39.72%

Potato (1kg)

$3.51 ISK 442

$1.63 £1.22

115.34%

Onion (1kg)

$2.28 ISK 287

$1.54 £1.15

48.05%

Lettuce (1 head)

$3.09 ISK 390

$1.17 £0.87

164.10%

Water (1.5 liter bottle)

$2.17 ISK 274

$1.55 £1.16

40.00%

Cigarettes 20 Pack (Marlboro, Camel)

$14.28 ISK 1,799

$20.35 £15.20

-29.83%

Wine (Bottle)

$23.25 ISK 2,929

$10.78 £8.05

115.68%

Local Beer (0.5 liter bottle)

$3.72 ISK 468

$2.81 £2.10

32.38%

Imported Beer (0.33 liter bottle)

$3.20 ISK 404

$3.39 £2.53

-5.60%

One-way Ticket (Public Transport)

$5.29 ISK 666

$3.32 £2.48

59.34%

Public Transport Monthly Pass (Regular Price)

$84.2 ISK 10.6K

$96.3 £72.0

-12.63%

Taxi Start (Normal Tariff)

$6.39 ISK 805

$5.49 £4.10

16.39%

Taxi (Normal Tariff) (1km)

$2.38 ISK 300

$1.52 £1.14

56.58%

Taxi 1hour Waiting (Normal Tariff)

$84.9 ISK 10.7K

$27.15 £20.28

212.63%

Gasoline (1 liter)

$2.54 ISK 320

$1.96 £1.47

29.59%

Midsize Hatchback 1.4l (Volkswagen Golf, Toyota Prius, Honda Civic, etc)

$47.1K ISK 5.9M

$38.3K £28.6K

22.80%

Compact Sedan 1.6l (Toyota Corolla, Mazda3, Kia K4, Hyundai Elantra, etc)

$54.5K ISK 6.9M

$41.2K £30.7K

32.38%

Utilities for 2 People in 2-bedroom Apartment (Heating, Electricity, Gas, Water, Garbage) (85m2)

$90.6 ISK 11.4K

$321 £240

-71.81%

SIM Card Monthly Plan (Calls and 10GB+ Data)

$27.40 ISK 3,451

$17.42 £13.01

57.29%

Internet (50+ Mbps, Unlimited Data)

$88.2 ISK 11.1K

$42.91 £32.05

105.52%

Gym Membership (Monthly)

$82.6 ISK 10.4K

$45.54 £34.02

81.38%

Tennis Court (1 Hour on Weekend)

$37.13 ISK 4,677

$15.68 £11.71

136.80%

Cinema Ticket

$17.81 ISK 2,244

$13.84 £10.34

28.68%

Preschool or Kindergarten, Full Day, Private, 1 Child (Monthly)

$347 ISK 43.7K

$1,718 £1,283

-79.79%

International Primary School, 1 Child (Yearly)

$29.7K ISK 3.7M

$21.4K £16.0K

38.54%

Jeans (Levis 501 Or Similar)

$138 ISK 17.4K

$91.1 £68.1

51.28%

Summer Dress (H&M, Zara, etc)

$62.7 ISK 7,898

$44.98 £33.60

39.40%

Sport Shoes (Adidas, Nike)

$175 ISK 22.0K

$102 £76.1

71.47%

Men's Leather Business Shoes

$253 ISK 31.9K

$105 £78.1

142.30%

1-bedroom Apartment, City Center (Monthly)

$2,235 ISK 281.6K

$1,375 £1,027

62.61%

1-bedroom Apartment, Outside City Center (Monthly)

$1,977 ISK 249.1K

$1,162 £868

70.13%

3-bedroom Apartment, City Center (Monthly)

$3,150 ISK 396.8K

$2,342 £1,749

34.51%

3-bedroom Apartment, Outside City Center (Monthly)

$2,737 ISK 344.7K

$1,828 £1,365

49.72%

Buy Apartment in City Center (m2)

$7,399 ISK 932.0K

$5,907 £4,413

25.24%

Buy Apartment Outside City Center (m2)

$6,095 ISK 767.8K

$4,604 £3,439

32.40%

Average Monthly Net Salary (After Tax)

$4,487 ISK 565.2K

$3,321 £2,481

35.09%

20-Year Fixed Mortgage Interest Rate (Annual %)

9.88

5.75

71.83%

CityCost data is based on AI and user input – minor inaccuracies may occur.

Last update for Iceland: January 13, 2026

Last update for United Kingdom: January 12, 2026

Digital Nomad Cost of Living Index

Cost of Living Comparison Between Iceland and United Kingdom Cost of Living Comparison Between Iceland and United Kingdom

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