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

Name: Iceland
Address: IS

🙂 Solo nomad: United Kingdom is 40.1% cheaper than Iceland without rent, and 33.1% cheaper with rent.

🙂 Family of 3: United Kingdom is 38.7% cheaper than Iceland without rent, and 30.7% cheaper with rent.

Meal at Budget Restaurant

$20.1 £14.79

$26.87 ISK 3,353

-25.20%

Three-Course Dinner for Two, Mid-Range

$89.9 £66.2

$126 ISK 15.7K

-28.74%

Fast Food Meal (McDonalds, etc)

$10.03 £7.38

$20.34 ISK 2,538

-50.69%

Cappuccino

$4.71 £3.46

$6.09 ISK 760

-22.66%

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

$2.46 £1.81

$3.36 ISK 419

-26.79%

Water (0.33 liter bottle)

$1.69 £1.24

$2.7 ISK 337

-37.41%

Local Beer (0.5 liter draught)

$6.59 £4.85

$12.07 ISK 1,506

-45.40%

Imported Beer (0.33 liter bottle)

$6.27 £4.62

$10.47 ISK 1,306

-40.11%

Milk (1 liter)

$1.65 £1.22

$1.95 ISK 243

-15.38%

White Bread (500g)

$1.66 £1.22

$4.07 ISK 508

-59.21%

Rice (white) (1kg)

$2.26 £1.67

$3.48 ISK 434

-35.06%

Eggs

$4.08 £3.01

$6.36 ISK 793

-35.85%

Local Cheese (1kg)

$9.78 £7.2

$18.36 ISK 2,290

-46.73%

Chicken Fillets (1kg)

$8.74 £6.43

$24.71 ISK 3,082

-64.63%

Beef Round Steak (1kg)

$14.34 £10.55

$42.1 ISK 5,251

-65.94%

Apples (1kg)

$3.04 £2.24

$3.18 ISK 397

-4.40%

Banana (1kg)

$1.67 £1.23

$2.49 ISK 310

-32.93%

Oranges (1kg)

$2.9 £2.13

$2.92 ISK 365

-0.68%

Tomato (1kg)

$3.47 £2.56

$4.86 ISK 606

-28.60%

Potato (1kg)

$1.62 £1.19

$3.68 ISK 460

-55.98%

Onion (1kg)

$1.6 £1.18

$2.26 ISK 281

-29.20%

Lettuce (1 head)

$1.12 £0.82

$3.17 ISK 396

-64.67%

Water (1.5 liter bottle)

$1.57 £1.15

$2.2 ISK 274

-28.64%

Cigarettes 20 Pack (Marlboro, Camel)

$20.41 £15.02

$14.05 ISK 1,753

45.27%

Wine (Bottle)

$10.52 £7.74

$24.13 ISK 3,010

-56.40%

Local Beer (0.5 liter bottle)

$2.83 £2.08

$3.63 ISK 453

-22.04%

Imported Beer (0.33 liter bottle)

$3.3 £2.43

$3.21 ISK 401

2.80%

One-way Ticket (Public Transport)

$3.33 £2.45

$5.24 ISK 653

-36.45%

Public Transport Monthly Pass (Regular Price)

$94.8 £69.7

$84.3 ISK 10.5K

12.37%

Taxi Start (Normal Tariff)

$5.46 £4.02

$6.26 ISK 781

-12.78%

Taxi (Normal Tariff) (1km)

$1.55 £1.14

$2.37 ISK 296

-34.60%

Taxi 1hour Waiting (Normal Tariff)

$26.83 £19.74

$86.5 ISK 10.8K

-68.99%

Gasoline (1 liter)

$2 £1.47

$2.46 ISK 307

-18.70%

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

$37.7K £27.7K

$47.9K ISK 6M

-21.29%

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

$41.3K £30.4K

$54K ISK 6.7M

-23.38%

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

$319 £235

$90.4 ISK 11.3K

252.72%

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

$17.53 £12.9

$27.54 ISK 3,435

-36.35%

Internet (50+ Mbps, Unlimited Data)

$41.82 £30.78

$85.9 ISK 10.7K

-51.29%

Gym Membership (Monthly)

$45.9 £33.78

$81.8 ISK 10.2K

-43.88%

Tennis Court (1 Hour on Weekend)

$15.86 £11.67

$37.74 ISK 4,708

-57.98%

Cinema Ticket

$13.71 £10.09

$17.35 ISK 2,164

-20.98%

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

$1,756 £1,293

$348 ISK 43.4K

405.18%

International Primary School, 1 Child (Yearly)

$21.2K £15.6K

$29.5K ISK 3.7M

-28.02%

Jeans (Levis 501 Or Similar)

$90.6 £66.7

$137 ISK 17.1K

-33.78%

Summer Dress (H&M, Zara, etc)

$44.44 £32.71

$64.2 ISK 8,005

-30.75%

Sport Shoes (Adidas, Nike)

$101 £74.3

$171 ISK 21.4K

-41.08%

Men's Leather Business Shoes

$103 £76

$254 ISK 31.6K

-59.30%

1-bedroom Apartment, City Center (Monthly)

$1,427 £1,050

$2,216 ISK 276.4K

-35.60%

1-bedroom Apartment, Outside City Center (Monthly)

$1,157 £851

$2,002 ISK 249.8K

-42.22%

3-bedroom Apartment, City Center (Monthly)

$2,327 £1,713

$3,148 ISK 392.7K

-26.07%

3-bedroom Apartment, Outside City Center (Monthly)

$1,846 £1,359

$2,722 ISK 339.5K

-32.16%

Buy Apartment in City Center (m2)

$6,050 £4,452

$7,550 ISK 941.9K

-19.87%

Buy Apartment Outside City Center (m2)

$4,820 £3,547

$6,306 ISK 786.7K

-23.56%

Average Monthly Net Salary (After Tax)

$3,133 £2,306

$4,591 ISK 572.7K

-31.75%

20-Year Fixed Mortgage Interest Rate (Annual %)

5.75

9.88

-41.80%

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

Last update for United Kingdom: October 29, 2025

Last update for Iceland: October 28, 2025

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