London vs Reykjavík Cost of Living
London (United Kingdom) · Overall index 83.4 — Reykjavík (Iceland) · Overall index 78.7
Summary
- Overall, Reykjavík is 6% cheaper than London.
- Rent in Reykjavík is 32% cheaper than in London.
- Transport in Reykjavík is 10% more expensive than in London.
| Item | London | Reykjavík | Diff |
|---|---|---|---|
| Rent | -32% | ||
| 1-bedroom apartment, city centre (monthly) | $2,992 | $2,354 | -21% |
| 1-bedroom apartment, outside centre (monthly) | $2,223 | $1,374 | -38% |
| 3-bedroom apartment, city centre (monthly) | $6,498 | $4,672 | -28% |
| 3-bedroom apartment, outside centre (monthly) | $4,097 | $2,558 | -38% |
| Groceries | +1% | ||
| Milk (1L) | $1.21 | $1.28 | +6% |
| White bread (500g) | $4.07 | $4.21 | +3% |
| Rice (1kg) | $4.67 | $4.67 | 0% |
| Eggs (12) | $4.37 | $4.47 | +2% |
| Local cheese (1kg) | $14.3 | $12.4 | -13% |
| Chicken fillets (1kg) | $11 | $12.5 | +14% |
| Beef round (1kg) | $17.4 | $19.2 | +10% |
| Apples (1kg) | $5.26 | $5.98 | +14% |
| Bananas (1kg) | $1.98 | $1.9 | -4% |
| Oranges (1kg) | $4.45 | $4.91 | +10% |
| Tomatoes (1kg) | $5.8 | $5.77 | -1% |
| Potatoes (1kg) | $2.72 | $2.73 | 0% |
| Onions (1kg) | $2.83 | $2.89 | +2% |
| Lettuce (1 head) | $2.51 | $2.38 | -5% |
| Water (1.5L bottle) | $2.52 | $2.17 | -14% |
| Bottle of wine (mid-range) | $15.9 | $16 | +1% |
| Transport | +10% | ||
| Public transport, one-way ticket | $2.53 | $2.38 | -6% |
| Public transport, monthly pass | $113 | $108 | -4% |
| Taxi, base fare | $3.64 | $4.14 | +14% |
| Taxi, per km | $1.7 | $1.76 | +4% |
| Gasoline (1L) | $0.78 | $1.01 | +29% |
| New compact car (e.g., VW Golf) | $22,721 | $28,416 | +25% |
| Dining out | +7% | ||
| Meal, inexpensive restaurant | $21.7 | $23 | +6% |
| Meal for 2, mid-range restaurant (3 courses) | $106 | $106 | 0% |
| Fast food combo meal | $9.63 | $12.5 | +30% |
| Cappuccino | $4.39 | $4.86 | +11% |
| Coke/Pepsi (0.33L, restaurant) | $2.43 | $2.58 | +6% |
| Domestic beer (0.5L, restaurant) | $7.39 | $7.04 | -5% |
| Imported beer (0.33L, restaurant) | $7.95 | $8.5 | +7% |
| Water (0.33L, restaurant) | $1.76 | $1.79 | +2% |
| Telecom | +7% | ||
| Mobile plan, calls + 10GB+ data (monthly) | $51.7 | $61.5 | +19% |
| Broadband internet 60Mbps+ (monthly) | $63.5 | $57.2 | -10% |
| Prepaid mobile tariff (1 min) | $0.33 | $0.36 | +9% |
| Video streaming subscription (monthly) | $14.4 | $16.1 | +12% |
| Utilities & household | +2% | ||
| Basic utilities, 85m² apartment (monthly) | $155 | $171 | +10% |
| Electricity (1 kWh) | $0.22 | $0.2 | -9% |
| Tap water (1m³) | $4.47 | $4.58 | +2% |
| Natural gas (1m³) | $1.5 | $1.33 | -11% |
| Waste collection (monthly) | $20.8 | $20 | -4% |
| Fitness club (monthly) | $85.7 | $88.8 | +4% |
| Cinema ticket (1 seat) | $16 | $15.2 | -5% |
| Men's haircut | $27 | $28.6 | +6% |
| Domestic cleaning (1 hour) | $24 | $25.2 | +5% |
| Private kindergarten (monthly) | $1,856 | $2,271 | +22% |
3,099 total data points · Price data as of 2026-07-01 · Exchange rates as of 2026-07-15
Keep your standard of living
Estimates for reference only — not official statistics.
Compare other cities
vs