London vs Reykjavik - Cost of Living Comparison

Updated:

Livingcost

London Reykjavik
🚶 Cost of living one person
$3296
$2938
👨‍👩‍👧‍👦 Cost of living Family
$7841
$5875
🏠 One person rent
$2211
$1801
🏘️ Family rent
$4100
$2674
🍽️ Food expenses
$551
$827
🚐 Transport expenses
$375
$90.1
💳 Monthly salary after tax
$4153
$3761
😷 Air quality
Excellent
Excellent
✈️ Airport proximity
13 km
4 km
🎓 Higher education
100
53
😀 Quality of life
99
89
🏙️ Population
8.8M
140K

The cost of living in London is 12% more expensive than in Reykjavik. Cities ranked 58th and 200th ($3296 vs $2938) in the list of the most expensive cities in the world and ranked 2nd 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 1.3 months in London compared to 1.3 months in Reykjavik. London ranked 1st best city to live in the United Kingdom vs Reykjavik ranked 1st in Iceland, while ranked 4th and 194th among best cities to live in the world.

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Cost of living in London vs Reykjavik infographic

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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
$21.4
$21.5
🥂 Dinner in a Restaurant, for 2
$84
$137
🥪 Fast food meal, equiv. McDonald's
$9.67
$17.9
🍻 Beer in a Pub, 0.5 L or 16 fl oz
$8.03
$10.8
 Cappuccino
$4.64
$5.37
🥤 Pepsi / Coke, 0.5 L or 16.9 fl oz
$2.46
$3.09
Rent & Utilities
🏙️ 1 bedroom apartment in Downtown, 40 m2 or 430 ft2
$2704
$1839
🏡 Cheap 1 bedroom apartment, 40 m2 or 430 ft2
$1831
$1650
🏙️ 3 bedroom apartment in Downtown, 80 m2 or 860 ft2
$5123
$2869
🏡 Cheap 3 bedroom apartment, 80 m2 or 860 ft2
$3478
$2456
🔌 Utility Bill one person, electricity, heating, water, etc.
$167
$42.1
🔌 Utility Bill for a Family, electricity, heating, water, etc.
$255
$64.6
🌐 Internet plan, 50 Mbps+ 1 month unlimited
$38.5
$71.4
🏦 Mortgage Interest Rate for 20 Years
5.06%
9.41%
🏙️ Apartment price to Buy in city Center, 1 m2 or 10 ft2
$20412
$6649
🏡 House price to Buy in Suburbs, 1 m2 or 10 ft2
$10524
$5599
Transportation
🚌 Local transport ticket
$3.62
$4.52
🎟️ Monthly ticket local transport
$91.9
$75.8
🚕 Taxi Ride, 8 km or 5 mi
$30.2
$26.4
 Gas / Petrol, 1 L or 0.26 gal
$1.82
$2.23
Groceries
🥛 Milk, 1 L or 1 qt
$1.53
$1.66
🍞 Bread, 0.5 kg or 1.1 lb
$1.86
$3.74
🍚 Rice, 1 kg or 2.2 lb
$2.25
$3.24
🥚 Eggs, x12
$4.77
$5.94
🧀 Cheese, 1 kg or 2.2 lb
$11
$15.8
🐔 Chicken Breast, 1 kg or 2.2 lb
$8.95
$20.9
🥩 Round Steak, 1 kg or 2.2 lb
$13.5
$37
🍏 Apples, 1 kg or 2.2 lb
$2.95
$2.94
🍌 Banana, 1 kg or 2.2 lb
$1.75
$2.25
🍊 Oranges, 1 kg or 2.2 lb
$2.99
$2.73
🍅 Tomato, 1 kg or 2.2 lb
$3.14
$4.73
🥔 Potato, 1 kg or 2.2 lb
$1.43
$3.26
🧅 Onion, 1 kg or 2.2 lb
$1.59
$2.11
🌊 Water, 1 L or 1 qt
$1.1
$1.36
🍹 Coca-Cola / Pepsi, 2 L or 67.6 fl oz
$2.87
$2.69
🍾 Wine (mid-priced), 750 mL bottle
$11.9
$21.6
🍺 Beer, 0.5 L or 16 fl oz
$2.74
$3.26
🚬 Cigarette pack
$20.2
$12.3
💊 Cold medicince, 1 week
$3.29
$10.4
🧴 Hair Shampoo
$5.99
$5.23
🧻 Toilet paper, 4 rolls
$2.7
$4.55
👄 Toothpaste, 1 tube
$2.61
$3.2
Other
🏋️ Gym Membership, 1 month
$55.7
$73.2
🎫 Cinema Ticket, 1 person
$17.6
$15.9
👩‍⚕️ Doctor's visit
$69.7
$82.2
💇 Haircut, simple
$15.3
$45.6
👖 Brand Jeans
$97.6
$128
👟 Brand Sneakers
$113
$162
👶 Daycare or Preschool, 1 month
$2250
$279
🏫 International Primary School, 1 year
$26090
$2532

Cost of living in other countries

LondonReykjavik

Cost of living

More cities to compare

Cost of Living in the nearest cities

Cities near London

Distance City Cost of living
1.3 km or 0.8 mi Westminster
$2868
11 km or 7 mi Wimbledon
$2332
13 km or 8.3 mi Richmond
$2273
15 km or 9.3 mi Croydon
$2414
16 km or 10 mi Greenford
$2209
19 km or 12 mi Ewell
$2207
21 km or 13 mi Coulsdon
$2214
23 km or 14 mi Esher
$2185
24 km or 15 mi Walton-on-Thames
$2182
25 km or 15 mi Watford
$2470
27 km or 17 mi Upminster
$2136
28 km or 17 mi Rickmansworth
$2217
31 km or 19 mi St Albans
$2261
32 km or 20 mi Grays
$2028
32 km or 20 mi Hertford
$2076
32 km or 20 mi Slough
$2112
32 km or 20 mi Brentwood
$2433
35 km or 22 mi Harlow
$2199
35 km or 22 mi Gravesend
$2035
35 km or 22 mi Hemel Hempstead
$2122
37 km or 23 mi Woking
$2429
38 km or 24 mi Harpenden
$2052
40 km or 25 mi Billericay
$2048
41 km or 25 mi Maidenhead
$2623
43 km or 27 mi East Grinstead
$2052
43 km or 27 mi Basildon
$1924
43 km or 27 mi Guildford
$2422
44 km or 27 mi Crawley
$2092
44 km or 27 mi Stevenage
$1987
44 km or 27 mi Bracknell
$2248
44 km or 28 mi Rochester
$1973
44 km or 28 mi Tonbridge
$2063
45 km or 28 mi High Wycombe
$2089
46 km or 28 mi Bishop's Stortford
$2062
46 km or 28 mi Luton
$1885
47 km or 29 mi Chatham
$2263
49 km or 30 mi Chelmsford
$1948
49 km or 30 mi Gillingham
$2135
49 km or 30 mi Godalming
$2344
49 km or 31 mi Farnborough
$2009

Cities near Reykjavik

Distance City Cost of living
6.8 km or 4.2 mi Kopavogur
$2802
9.8 km or 6.1 mi Hafnarfjorur
$2817
38 km or 24 mi Keflavik
$2355
247 km or 153 mi Akureyri
$2678
795 km or 494 mi Torshavn
$1828
1204 km or 748 mi Inverness
$1722
1230 km or 764 mi Elgin
$1393
1300 km or 808 mi Derry
$1390
1309 km or 813 mi Greenock
$1601
1321 km or 821 mi Aberdeen
$1614
1325 km or 823 mi Perth
$1500
1328 km or 825 mi Stirling
$1604
1331 km or 827 mi Paisley
$1765
1333 km or 828 mi Alloa
$1649
1337 km or 831 mi Glasgow
$2011
1339 km or 832 mi Dundee
$1482
1340 km or 833 mi Omagh
$1562
1341 km or 833 mi Cumbernauld
$1475
1342 km or 834 mi Irvine
$1551
1348 km or 838 mi East Kilbride
$1763
1349 km or 838 mi Kilmarnock
$1480
1351 km or 839 mi Dunfermline
$1692
1353 km or 841 mi Hamilton
$1699
1357 km or 843 mi Ayr
$1404
1360 km or 845 mi Kirkcaldy
$1610
1365 km or 848 mi Livingston
$1608
1372 km or 852 mi Edinburgh
$2140
1382 km or 859 mi Newtownabbey
$1692
1387 km or 862 mi Belfast
$1755
1390 km or 864 mi Bangor
$1382
1391 km or 864 mi Lisburn
$1713
1401 km or 871 mi Alesund
$1603
1413 km or 878 mi Galway
$2297
1425 km or 886 mi Dundalk
$1767
1431 km or 889 mi Dumfries
$1246
1433 km or 891 mi Nuuk
$2031
1441 km or 895 mi Molde
$1813
1454 km or 903 mi Kristiansund
$1700
1455 km or 904 mi Drogheda
$2628
1455 km or 904 mi Bergen
$2006