London vs Reykjavik - Cost of Living Comparison

Updated: March 01, 2024

	London	Reykjavik
🚶 Cost of living one person	$3321	$2723
👨‍👩‍👧‍👦 Cost of living Family	$7723	$5671
🏠 One person rent	$2218	$1643
🏘️ Family rent	$3918	$2600
🍽️ Food expenses	$574	$800
🚐 Transport expenses	$349	$86.1
💳 Monthly salary after tax	$4098	$3682
😷 Air quality	Excellent	Excellent
✈️ Airport proximity	13 km	4 km
🎓 Higher education	100	53
😀 Quality of life	98	89
🏙️ Population	8.91M	140K

The cost of living in London is 22% more expensive than in Reykjavik. Cities ranked 38th and 344th ($3321 vs $2723) in the list of the most expensive cities in the world and ranked 1st and 1st in the United Kingdom and Iceland, respectively. Check the United Kingdom vs Iceland comparison.

The average after-tax salary is enough to cover living expenses for 1.2 months in London compared to 1.4 months in Reykjavik. London ranked 1st best city to live in the United Kingdom vs Reykjavik ranked 1st in Iceland, while ranked 5th and 152nd among best cities to live in the world.

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Cost of living in London vs Reykjavik infographic

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<img src="https://livingcost.org/assets/photo/cost/london/reykjavik.jpg" alt="Cost of living in London vs Reykjavik infographic" style="max-width: 100%; height: auto;"><p>Source: <a href="https://livingcost.org/cost/london/reykjavik" target="_blank">London vs Reykjavik - Cost of Living Comparison</a></p>

Prices in London vs Reykjavik

Prices for goods and services in London and Reykjavik are partly crowdsourced by our visitors, just like yourself. Please consider telling us about your city.

	London	Reykjavik
Eating Out
🍱 Lunch Menu	$19.7	$21.6
🥂 Dinner in a Restaurant, for 2	$84.7	$125
🥪 Fast food meal, equiv. McDonald's	$10.3	$16.9
🍻 Beer in a Pub, 0.5 L or 16 fl oz	$8.25	$10.9
☕ Cappuccino	$4.62	$5.05
🥤 Pepsi / Coke, 0.5 L or 16.9 fl oz	$2.47	$2.94
Rent & Utilities
🏙️ 1 bedroom apartment in Downtown, 40 m2 or 430 ft2	$2493	$1659
🏡 Cheap 1 bedroom apartment, 40 m2 or 430 ft2	$1838	$1492
🏙️ 3 bedroom apartment in Downtown, 80 m2 or 860 ft2	$4599	$2694
🏡 Cheap 3 bedroom apartment, 80 m2 or 860 ft2	$3306	$2395
🔌 Utility Bill one person, electricity, heating, water, etc.	$210	$52.4
🔌 Utility Bill for a Family, electricity, heating, water, etc.	$314	$80.5
🌐 Internet plan, 50 Mbps+ 1 month unlimited	$39.2	$64.8
🏦 Mortgage Interest Rate for 20 Years	5.62%	8.07%
🏙️ Apartment price to Buy in city Center, 1 m2 or 10 ft2	$16999	$6252
🏡 House price to Buy in Suburbs, 1 m2 or 10 ft2	$9363	$4951
Transportation
🚌 Local transport ticket	$3.94	$4.13
🎟️ Monthly ticket local transport	$99.6	$66.6
🚕 Taxi Ride, 8 km or 5 mi	$23.4	$26.3
⛽ Gas / Petrol, 1 L or 0.26 gal	$1.9	$2.28
Groceries
🥛 Milk, 1 L or 1 qt	$1.6	$1.65
🍞 Bread, 0.5 kg or 1.1 lb	$1.81	$3.71
🍚 Rice, 1 kg or 2.2 lb	$2.28	$3.27
🥚 Eggs, x12	$4.31	$6.03
🧀 Cheese, 1 kg or 2.2 lb	$11.1	$15.4
🐔 Chicken Breast, 1 kg or 2.2 lb	$10.3	$19.8
🥩 Round Steak, 1 kg or 2.2 lb	$15.3	$31
🍏 Apples, 1 kg or 2.2 lb	$2.88	$3.2
🍌 Banana, 1 kg or 2.2 lb	$1.67	$2.12
🍊 Oranges, 1 kg or 2.2 lb	$3.34	$2.81
🍅 Tomato, 1 kg or 2.2 lb	$3.88	$4.84
🥔 Potato, 1 kg or 2.2 lb	$1.33	$3.07
🧅 Onion, 1 kg or 2.2 lb	$1.51	$2.14
🌊 Water, 1 L or 1 qt	$1.05	$1.44
🍹 Coca-Cola / Pepsi, 2 L or 67.6 fl oz	$2.86	$2.53
🍾 Wine (mid-priced), 750 mL bottle	$11.8	$20
🍺 Beer, 0.5 L or 16 fl oz	$2.56	$3.08
🚬 Cigarette pack	$19.5	$11.8
💊 Cold medicince, 1 week	$8.06	$11.6
🧴 Hair Shampoo	$7.1	$5.21
🧻 Toilet paper, 4 rolls	$3.68	$4.67
👄 Toothpaste, 1 tube	$2.3	$3.24
Other
🏋️ Gym Membership, 1 month	$58	$63.3
🎫 Cinema Ticket, 1 person	$17.8	$14.5
👩‍⚕️ Doctor's visit	$97.8	$83
💇 Haircut, simple	$20.6	$37.2
👖 Brand Jeans	$99.8	$105
👟 Brand Sneakers	$110	$142
👶 Daycare or Preschool, 1 month	$2256	$239
🏫 International Primary School, 1 year	$25471	$6072

Cost of living in other countries

Cost of living

Cost of Living in the nearest cities

Cities near London

Distance	City	Cost of living
1.3 km or 0.8 mi	Westminster	$3004
11 km or 7 mi	Wimbledon	$2364
13 km or 8.3 mi	Richmond	$2291
15 km or 9.3 mi	Croydon	$2538
16 km or 10 mi	Greenford	$2202
19 km or 12 mi	Ewell	$2234
21 km or 13 mi	Coulsdon	$2282
23 km or 14 mi	Esher	$2165
24 km or 15 mi	Walton-on-Thames	$2157
25 km or 15 mi	Watford	$2228
27 km or 17 mi	Upminster	$2175
28 km or 17 mi	Rickmansworth	$2120
31 km or 19 mi	St Albans	$2119
32 km or 20 mi	Grays	$2104
32 km or 20 mi	Hertford	$2036
32 km or 20 mi	Slough	$2117
32 km or 20 mi	Brentwood	$2504
35 km or 22 mi	Harlow	$1981
35 km or 22 mi	Gravesend	$2152
35 km or 22 mi	Hemel Hempstead	$2050
37 km or 23 mi	Woking	$2345
38 km or 24 mi	Harpenden	$1999
40 km or 25 mi	Billericay	$2067
41 km or 25 mi	Maidenhead	$2599
43 km or 27 mi	East Grinstead	$2057
43 km or 27 mi	Basildon	$1937
43 km or 27 mi	Guildford	$2173
44 km or 27 mi	Crawley	$2043
44 km or 27 mi	Stevenage	$2001
44 km or 27 mi	Bracknell	$2155
44 km or 28 mi	Rochester	$1974
44 km or 28 mi	Tonbridge	$2051
45 km or 28 mi	High Wycombe	$2076
46 km or 28 mi	Bishop's Stortford	$1993
46 km or 28 mi	Luton	$1875
47 km or 29 mi	Chatham	$1976
49 km or 30 mi	Chelmsford	$1920
49 km or 30 mi	Gillingham	$1972
49 km or 30 mi	Godalming	$2406
49 km or 31 mi	Farnborough	$1908

Cities near Reykjavik

Distance	City	Cost of living
6.8 km or 4.2 mi	Kopavogur	$2304
9.8 km or 6.1 mi	Hafnarfjorur	$2460
38 km or 24 mi	Keflavik	$2023
247 km or 153 mi	Akureyri	$2011
795 km or 494 mi	Torshavn	$1952
1204 km or 748 mi	Inverness	$1629
1230 km or 764 mi	Elgin	$1554
1300 km or 808 mi	Derry	$1662
1309 km or 813 mi	Greenock	$1524
1321 km or 821 mi	Aberdeen	$1681
1325 km or 823 mi	Perth	$1537
1328 km or 825 mi	Stirling	$1659
1331 km or 827 mi	Paisley	$1734
1333 km or 828 mi	Alloa	$1670
1337 km or 831 mi	Glasgow	$1884
1339 km or 832 mi	Dundee	$1527
1340 km or 833 mi	Omagh	$1642
1341 km or 833 mi	Cumbernauld	$1803
1342 km or 834 mi	Irvine	$1514
1348 km or 838 mi	East Kilbride	$1748
1349 km or 838 mi	Kilmarnock	$1399
1351 km or 839 mi	Dunfermline	$1693
1353 km or 841 mi	Hamilton	$1731
1357 km or 843 mi	Ayr	$1520
1360 km or 845 mi	Kirkcaldy	$1800
1365 km or 848 mi	Livingston	$1651
1372 km or 852 mi	Edinburgh	$2043
1382 km or 859 mi	Newtownabbey	$1666
1387 km or 862 mi	Belfast	$1741
1390 km or 864 mi	Bangor	$1305
1391 km or 864 mi	Lisburn	$1643
1401 km or 871 mi	Alesund	$1539
1413 km or 878 mi	Galway	$2244
1425 km or 886 mi	Dundalk	$1869
1431 km or 889 mi	Dumfries	$1723
1433 km or 891 mi	Nuuk	$2175
1441 km or 895 mi	Molde	$1928
1454 km or 903 mi	Kristiansund	$1632
1455 km or 904 mi	Drogheda	$2391
1455 km or 904 mi	Bergen	$1991