Reykjavík vs London Cost of Living
Reykjavík (Iceland) · Overall index 78.7 — London (United Kingdom) · Overall index 83.4
Summary
- Overall, London is 6% more expensive than Reykjavík.
- Rent in London is 47% more expensive than in Reykjavík.
- Transport in London is 9% cheaper than in Reykjavík.
| Item | Reykjavík | London | Diff |
|---|---|---|---|
| Rent | +47% | ||
| 1-bedroom apartment, city centre (monthly) | $2,354 | $2,992 | +27% |
| 1-bedroom apartment, outside centre (monthly) | $1,374 | $2,223 | +62% |
| 3-bedroom apartment, city centre (monthly) | $4,672 | $6,498 | +39% |
| 3-bedroom apartment, outside centre (monthly) | $2,558 | $4,097 | +60% |
| Groceries | -1% | ||
| Milk (1L) | $1.28 | $1.21 | -5% |
| White bread (500g) | $4.21 | $4.07 | -3% |
| Rice (1kg) | $4.67 | $4.67 | 0% |
| Eggs (12) | $4.47 | $4.37 | -2% |
| Local cheese (1kg) | $12.4 | $14.3 | +15% |
| Chicken fillets (1kg) | $12.5 | $11 | -12% |
| Beef round (1kg) | $19.2 | $17.4 | -9% |
| Apples (1kg) | $5.98 | $5.26 | -12% |
| Bananas (1kg) | $1.9 | $1.98 | +4% |
| Oranges (1kg) | $4.91 | $4.45 | -9% |
| Tomatoes (1kg) | $5.77 | $5.8 | +1% |
| Potatoes (1kg) | $2.73 | $2.72 | 0% |
| Onions (1kg) | $2.89 | $2.83 | -2% |
| Lettuce (1 head) | $2.38 | $2.51 | +5% |
| Water (1.5L bottle) | $2.17 | $2.52 | +16% |
| Bottle of wine (mid-range) | $16 | $15.9 | -1% |
| Transport | -9% | ||
| Public transport, one-way ticket | $2.38 | $2.53 | +6% |
| Public transport, monthly pass | $108 | $113 | +5% |
| Taxi, base fare | $4.14 | $3.64 | -12% |
| Taxi, per km | $1.76 | $1.7 | -3% |
| Gasoline (1L) | $1.01 | $0.78 | -23% |
| New compact car (e.g., VW Golf) | $28,416 | $22,721 | -20% |
| Dining out | -6% | ||
| Meal, inexpensive restaurant | $23 | $21.7 | -6% |
| Meal for 2, mid-range restaurant (3 courses) | $106 | $106 | 0% |
| Fast food combo meal | $12.5 | $9.63 | -23% |
| Cappuccino | $4.86 | $4.39 | -10% |
| Coke/Pepsi (0.33L, restaurant) | $2.58 | $2.43 | -6% |
| Domestic beer (0.5L, restaurant) | $7.04 | $7.39 | +5% |
| Imported beer (0.33L, restaurant) | $8.5 | $7.95 | -6% |
| Water (0.33L, restaurant) | $1.79 | $1.76 | -2% |
| Telecom | -7% | ||
| Mobile plan, calls + 10GB+ data (monthly) | $61.5 | $51.7 | -16% |
| Broadband internet 60Mbps+ (monthly) | $57.2 | $63.5 | +11% |
| Prepaid mobile tariff (1 min) | $0.36 | $0.33 | -8% |
| Video streaming subscription (monthly) | $16.1 | $14.4 | -11% |
| Utilities & household | -2% | ||
| Basic utilities, 85m² apartment (monthly) | $171 | $155 | -9% |
| Electricity (1 kWh) | $0.2 | $0.22 | +10% |
| Tap water (1m³) | $4.58 | $4.47 | -2% |
| Natural gas (1m³) | $1.33 | $1.5 | +13% |
| Waste collection (monthly) | $20 | $20.8 | +4% |
| Fitness club (monthly) | $88.8 | $85.7 | -3% |
| Cinema ticket (1 seat) | $15.2 | $16 | +5% |
| Men's haircut | $28.6 | $27 | -6% |
| Domestic cleaning (1 hour) | $25.2 | $24 | -5% |
| Private kindergarten (monthly) | $2,271 | $1,856 | -18% |
3,099 total data points · Price data as of 2026-07-01 · Exchange rates as of 2026-07-15
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Estimates for reference only — not official statistics.
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