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 38.8% cheaper than Iceland without rent, and 35.1% cheaper with rent.

🙂 Family of 3: United Kingdom is 38.3% cheaper than Iceland without rent, and 32.3% cheaper with rent.

Meal at Budget Restaurant

$20.24 £15.12

$26.42 ISK 3,328

-23.39%

Three-Course Dinner for Two, Mid-Range

$87.4 £65.3

$128 ISK 16.1K

-31.56%

Fast Food Meal (McDonalds, etc)

$10.17 £7.60

$19.96 ISK 2,514

-49.05%

Cappuccino

$4.73 £3.54

$5.99 ISK 755

-21.04%

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

$2.38 £1.78

$3.32 ISK 418

-28.31%

Water (0.33 liter bottle)

$1.74 £1.30

$2.62 ISK 330

-33.59%

Local Beer (0.5 liter draught)

$6.60 £4.93

$12.09 ISK 1,523

-45.41%

Imported Beer (0.33 liter bottle)

$6.45 £4.82

$10.65 ISK 1,341

-39.44%

Milk (1 liter)

$1.71 £1.28

$1.95 ISK 246

-12.31%

White Bread (500g)

$1.70 £1.27

$4.21 ISK 531

-59.62%

Rice (white) (1kg)

$2.18 £1.63

$3.59 ISK 452

-39.28%

Eggs

$4.06 £3.03

$6.41 ISK 808

-36.66%

Local Cheese (1kg)

$9.91 £7.40

$18.74 ISK 2,360

-47.12%

Chicken Fillets (1kg)

$8.86 £6.61

$23.89 ISK 3,010

-62.91%

Beef Round Steak (1kg)

$14.01 £10.47

$42.05 ISK 5,298

-66.68%

Apples (1kg)

$2.94 £2.20

$3.07 ISK 387

-4.23%

Banana (1kg)

$1.61 £1.20

$2.50 ISK 315

-35.60%

Oranges (1kg)

$2.81 £2.10

$2.89 ISK 364

-2.77%

Tomato (1kg)

$3.55 £2.65

$4.96 ISK 625

-28.43%

Potato (1kg)

$1.63 £1.22

$3.51 ISK 442

-53.56%

Onion (1kg)

$1.54 £1.15

$2.28 ISK 287

-32.46%

Lettuce (1 head)

$1.17 £0.87

$3.09 ISK 390

-62.14%

Water (1.5 liter bottle)

$1.55 £1.16

$2.17 ISK 274

-28.57%

Cigarettes 20 Pack (Marlboro, Camel)

$20.35 £15.20

$14.28 ISK 1,799

42.51%

Wine (Bottle)

$10.78 £8.05

$23.25 ISK 2,929

-53.63%

Local Beer (0.5 liter bottle)

$2.81 £2.10

$3.72 ISK 468

-24.46%

Imported Beer (0.33 liter bottle)

$3.39 £2.53

$3.20 ISK 404

5.94%

One-way Ticket (Public Transport)

$3.32 £2.48

$5.29 ISK 666

-37.24%

Public Transport Monthly Pass (Regular Price)

$96.3 £72.0

$84.2 ISK 10.6K

14.46%

Taxi Start (Normal Tariff)

$5.49 £4.10

$6.39 ISK 805

-14.08%

Taxi (Normal Tariff) (1km)

$1.52 £1.14

$2.38 ISK 300

-36.13%

Taxi 1hour Waiting (Normal Tariff)

$27.15 £20.28

$84.9 ISK 10.7K

-68.01%

Gasoline (1 liter)

$1.96 £1.47

$2.54 ISK 320

-22.83%

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

$38.3K £28.6K

$47.1K ISK 5.9M

-18.56%

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

$41.2K £30.7K

$54.5K ISK 6.9M

-24.46%

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

$321 £240

$90.6 ISK 11.4K

254.77%

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

$17.42 £13.01

$27.40 ISK 3,451

-36.42%

Internet (50+ Mbps, Unlimited Data)

$42.91 £32.05

$88.2 ISK 11.1K

-51.34%

Gym Membership (Monthly)

$45.54 £34.02

$82.6 ISK 10.4K

-44.87%

Tennis Court (1 Hour on Weekend)

$15.68 £11.71

$37.13 ISK 4,677

-57.77%

Cinema Ticket

$13.84 £10.34

$17.81 ISK 2,244

-22.29%

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

$1,718 £1,283

$347 ISK 43.7K

394.74%

International Primary School, 1 Child (Yearly)

$21.4K £16.0K

$29.7K ISK 3.7M

-27.82%

Jeans (Levis 501 Or Similar)

$91.1 £68.1

$138 ISK 17.4K

-33.90%

Summer Dress (H&M, Zara, etc)

$44.98 £33.60

$62.7 ISK 7,898

-28.26%

Sport Shoes (Adidas, Nike)

$102 £76.1

$175 ISK 22.0K

-41.68%

Men's Leather Business Shoes

$105 £78.1

$253 ISK 31.9K

-58.73%

1-bedroom Apartment, City Center (Monthly)

$1,375 £1,027

$2,235 ISK 281.6K

-38.50%

1-bedroom Apartment, Outside City Center (Monthly)

$1,162 £868

$1,977 ISK 249.1K

-41.22%

3-bedroom Apartment, City Center (Monthly)

$2,342 £1,749

$3,150 ISK 396.8K

-25.66%

3-bedroom Apartment, Outside City Center (Monthly)

$1,828 £1,365

$2,737 ISK 344.7K

-33.21%

Buy Apartment in City Center (m2)

$5,907 £4,413

$7,399 ISK 932.0K

-20.16%

Buy Apartment Outside City Center (m2)

$4,604 £3,439

$6,095 ISK 767.8K

-24.47%

Average Monthly Net Salary (After Tax)

$3,321 £2,481

$4,487 ISK 565.2K

-25.98%

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: January 12, 2026

Last update for Iceland: January 13, 2026

Digital Nomad Cost of Living Index

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

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