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 66.9% more expensive than United Kingdom without rent, and 49.4% more expensive with rent.

😐 Family of 3: Iceland is 63.1% more expensive than United Kingdom without rent, and 44.4% more expensive with rent.

Meal at Budget Restaurant

$26.87 ISK 3,353

$20.1 £14.79

33.68%

Three-Course Dinner for Two, Mid-Range

$126 ISK 15.7K

$89.9 £66.2

40.34%

Fast Food Meal (McDonalds, etc)

$20.34 ISK 2,538

$10.03 £7.38

102.79%

Cappuccino

$6.09 ISK 760

$4.71 £3.46

29.30%

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

$3.36 ISK 419

$2.46 £1.81

36.59%

Water (0.33 liter bottle)

$2.7 ISK 337

$1.69 £1.24

59.76%

Local Beer (0.5 liter draught)

$12.07 ISK 1,506

$6.59 £4.85

83.16%

Imported Beer (0.33 liter bottle)

$10.47 ISK 1,306

$6.27 £4.62

66.99%

Milk (1 liter)

$1.95 ISK 243

$1.65 £1.22

18.18%

White Bread (500g)

$4.07 ISK 508

$1.66 £1.22

145.18%

Rice (white) (1kg)

$3.48 ISK 434

$2.26 £1.67

53.98%

Eggs

$6.36 ISK 793

$4.08 £3.01

55.88%

Local Cheese (1kg)

$18.36 ISK 2,290

$9.78 £7.2

87.73%

Chicken Fillets (1kg)

$24.71 ISK 3,082

$8.74 £6.43

182.72%

Beef Round Steak (1kg)

$42.1 ISK 5,251

$14.34 £10.55

193.58%

Apples (1kg)

$3.18 ISK 397

$3.04 £2.24

4.61%

Banana (1kg)

$2.49 ISK 310

$1.67 £1.23

49.10%

Oranges (1kg)

$2.92 ISK 365

$2.9 £2.13

0.69%

Tomato (1kg)

$4.86 ISK 606

$3.47 £2.56

40.06%

Potato (1kg)

$3.68 ISK 460

$1.62 £1.19

127.16%

Onion (1kg)

$2.26 ISK 281

$1.6 £1.18

41.25%

Lettuce (1 head)

$3.17 ISK 396

$1.12 £0.82

183.04%

Water (1.5 liter bottle)

$2.2 ISK 274

$1.57 £1.15

40.13%

Cigarettes 20 Pack (Marlboro, Camel)

$14.05 ISK 1,753

$20.41 £15.02

-31.16%

Wine (Bottle)

$24.13 ISK 3,010

$10.52 £7.74

129.37%

Local Beer (0.5 liter bottle)

$3.63 ISK 453

$2.83 £2.08

28.27%

Imported Beer (0.33 liter bottle)

$3.21 ISK 401

$3.3 £2.43

-2.73%

One-way Ticket (Public Transport)

$5.24 ISK 653

$3.33 £2.45

57.36%

Public Transport Monthly Pass (Regular Price)

$84.3 ISK 10.5K

$94.8 £69.7

-11.01%

Taxi Start (Normal Tariff)

$6.26 ISK 781

$5.46 £4.02

14.65%

Taxi (Normal Tariff) (1km)

$2.37 ISK 296

$1.55 £1.14

52.90%

Taxi 1hour Waiting (Normal Tariff)

$86.5 ISK 10.8K

$26.83 £19.74

222.47%

Gasoline (1 liter)

$2.46 ISK 307

$2 £1.47

23.00%

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

$47.9K ISK 6M

$37.7K £27.7K

27.05%

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

$54K ISK 6.7M

$41.3K £30.4K

30.51%

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

$90.4 ISK 11.3K

$319 £235

-71.65%

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

$27.54 ISK 3,435

$17.53 £12.9

57.10%

Internet (50+ Mbps, Unlimited Data)

$85.9 ISK 10.7K

$41.82 £30.78

105.28%

Gym Membership (Monthly)

$81.8 ISK 10.2K

$45.9 £33.78

78.19%

Tennis Court (1 Hour on Weekend)

$37.74 ISK 4,708

$15.86 £11.67

137.96%

Cinema Ticket

$17.35 ISK 2,164

$13.71 £10.09

26.55%

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

$348 ISK 43.4K

$1,756 £1,293

-80.20%

International Primary School, 1 Child (Yearly)

$29.5K ISK 3.7M

$21.2K £15.6K

38.93%

Jeans (Levis 501 Or Similar)

$137 ISK 17.1K

$90.6 £66.7

51.02%

Summer Dress (H&M, Zara, etc)

$64.2 ISK 8,005

$44.44 £32.71

44.40%

Sport Shoes (Adidas, Nike)

$171 ISK 21.4K

$101 £74.3

69.72%

Men's Leather Business Shoes

$254 ISK 31.6K

$103 £76

145.70%

1-bedroom Apartment, City Center (Monthly)

$2,216 ISK 276.4K

$1,427 £1,050

55.27%

1-bedroom Apartment, Outside City Center (Monthly)

$2,002 ISK 249.8K

$1,157 £851

73.08%

3-bedroom Apartment, City Center (Monthly)

$3,148 ISK 392.7K

$2,327 £1,713

35.27%

3-bedroom Apartment, Outside City Center (Monthly)

$2,722 ISK 339.5K

$1,846 £1,359

47.40%

Buy Apartment in City Center (m2)

$7,550 ISK 941.9K

$6,050 £4,452

24.80%

Buy Apartment Outside City Center (m2)

$6,306 ISK 786.7K

$4,820 £3,547

30.82%

Average Monthly Net Salary (After Tax)

$4,591 ISK 572.7K

$3,133 £2,306

46.53%

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: October 28, 2025

Last update for United Kingdom: October 29, 2025

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