Reykjavik vs Sheffield - Cost of Living Comparison

Updated: March 02, 2025

	Reykjavik	Sheffield
🚶 Cost of living one person	$2938	$1764
👨‍👩‍👧‍👦 Cost of living Family	$5875	$4219
🏠 One person rent	$1801	$1001
🏘️ Family rent	$2674	$1774
🍽️ Food expenses	$827	$497
🚐 Transport expenses	$90.1	$135
💳 Monthly salary after tax	$3761	$2831
😷 Air quality	Excellent	Excellent
✈️ Airport proximity	4 km	54 km
🎓 Higher education	53	87
😀 Quality of life	89	90
🏙️ Population	140K	518K

The cost of living in Reykjavik is 67% more expensive than in Sheffield. Cities ranked 200th and 2490th ($2938 vs $1764) in the list of the most expensive cities in the world and ranked 1st and 147th in Iceland and the United Kingdom, respectively. Check Iceland vs the United Kingdom comparison.

The average after-tax salary is enough to cover living expenses for 1.3 months in Reykjavik compared to 1.6 months in Sheffield. Reykjavik ranked 1st best city to live in Iceland vs Sheffield ranked 26th in the United Kingdom, while ranked 194th and 141st among best cities to live in the world.

Salary adjustment calculator
the estimated difference in money purchasing power

Cost of living in Reykjavik vs Sheffield infographic

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

Prices in Reykjavik vs Sheffield

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

	Reykjavik	Sheffield
Eating Out
🍱 Lunch Menu	$21.5	$18.3
🥂 Dinner in a Restaurant, for 2	$137	$76.5
🥪 Fast food meal, equiv. McDonald's	$17.9	$9.51
🍻 Beer in a Pub, 0.5 L or 16 fl oz	$10.8	$5.31
☕ Cappuccino	$5.37	$4.42
🥤 Pepsi / Coke, 0.5 L or 16.9 fl oz	$3.09	$2.39
Rent & Utilities
🏙️ 1 bedroom apartment in Downtown, 40 m2 or 430 ft2	$1839	$937
🏡 Cheap 1 bedroom apartment, 40 m2 or 430 ft2	$1650	$818
🏙️ 3 bedroom apartment in Downtown, 80 m2 or 860 ft2	$2869	$1922
🏡 Cheap 3 bedroom apartment, 80 m2 or 860 ft2	$2456	$1459
🔌 Utility Bill one person, electricity, heating, water, etc.	$42.1	$120
🔌 Utility Bill for a Family, electricity, heating, water, etc.	$64.6	$183
🌐 Internet plan, 50 Mbps+ 1 month unlimited	$71.4	$39.7
🏦 Mortgage Interest Rate for 20 Years	9.41%	5.27%
🏙️ Apartment price to Buy in city Center, 1 m2 or 10 ft2	$6649	$3631
🏡 House price to Buy in Suburbs, 1 m2 or 10 ft2	$5599	$2541
Transportation
🚌 Local transport ticket	$4.52	$3
🎟️ Monthly ticket local transport	$75.8	$95
🚕 Taxi Ride, 8 km or 5 mi	$26.4	$14.4
⛽ Gas / Petrol, 1 L or 0.26 gal	$2.23	$1.8
Groceries
🥛 Milk, 1 L or 1 qt	$1.66	$1.62
🍞 Bread, 0.5 kg or 1.1 lb	$3.74	$1.45
🍚 Rice, 1 kg or 2.2 lb	$3.24	$1.83
🥚 Eggs, x12	$5.94	$3.67
🧀 Cheese, 1 kg or 2.2 lb	$15.8	$9.32
🐔 Chicken Breast, 1 kg or 2.2 lb	$20.9	$8.69
🥩 Round Steak, 1 kg or 2.2 lb	$37	$11.5
🍏 Apples, 1 kg or 2.2 lb	$2.94	$2.99
🍌 Banana, 1 kg or 2.2 lb	$2.25	$1.35
🍊 Oranges, 1 kg or 2.2 lb	$2.73	$2.46
🍅 Tomato, 1 kg or 2.2 lb	$4.73	$2.84
🥔 Potato, 1 kg or 2.2 lb	$3.26	$1.91
🧅 Onion, 1 kg or 2.2 lb	$2.11	$1.25
🌊 Water, 1 L or 1 qt	$1.36	$0.92
🍹 Coca-Cola / Pepsi, 2 L or 67.6 fl oz	$2.69	$2.46
🍾 Wine (mid-priced), 750 mL bottle	$21.6	$10
🍺 Beer, 0.5 L or 16 fl oz	$3.26	$2.56
🚬 Cigarette pack	$12.3	$17.2
💊 Cold medicince, 1 week	$10.4	$4.92
🧴 Hair Shampoo	$5.23	$5.05
🧻 Toilet paper, 4 rolls	$4.55	$2.41
👄 Toothpaste, 1 tube	$3.2	$2.51
Other
🏋️ Gym Membership, 1 month	$73.2	$35.5
🎫 Cinema Ticket, 1 person	$15.9	$10.5
👩‍⚕️ Doctor's visit	$82.2	$80.2
💇 Haircut, simple	$45.6	$12
👖 Brand Jeans	$128	$78.8
👟 Brand Sneakers	$162	$87.5
👶 Daycare or Preschool, 1 month	$279	$1155
🏫 International Primary School, 1 year	$2532	$9487

Cost of living in other countries

Cost of living

Cost of Living in the nearest cities

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

Cities near Sheffield

Distance	City	Cost of living
9.3 km or 5.8 mi	Rotherham	$1511
19 km or 12 mi	Barnsley	$1401
27 km or 17 mi	Doncaster	$1463
32 km or 20 mi	Mansfield	$1724
33 km or 21 mi	Wakefield	$1619
35 km or 22 mi	Dewsbury	$1693
36 km or 22 mi	Huddersfield	$1680
38 km or 24 mi	Batley	$1707
42 km or 26 mi	Brighouse	$1737
44 km or 27 mi	Ashton-under-Lyne	$1720
46 km or 28 mi	Macclesfield	$1720
46 km or 29 mi	Halifax	$1793
46 km or 29 mi	Oldham	$1602
47 km or 29 mi	Leeds	$1943
47 km or 29 mi	Droylsden	$1800
48 km or 30 mi	Leek	$1686
49 km or 31 mi	Bradford	$1598
51 km or 32 mi	Manchester	$2071
52 km or 32 mi	Derby	$1727
52 km or 32 mi	Nottingham	$1820
52 km or 33 mi	Rochdale	$1672
56 km or 35 mi	Salford	$1948
56 km or 35 mi	Stretford	$1874
57 km or 35 mi	Sale	$1845
59 km or 36 mi	Altrincham	$1788
59 km or 36 mi	Scunthorpe	$1324
59 km or 37 mi	Bury	$1806
61 km or 38 mi	Keighley	$1680
63 km or 39 mi	Lincoln	$1698
64 km or 40 mi	Stoke-on-Trent	$1552
65 km or 40 mi	Newcastle-under-Lyme	$1465
65 km or 41 mi	Burton upon Trent	$1633
67 km or 42 mi	Bolton	$1806
68 km or 42 mi	Harrogate	$1867
68 km or 42 mi	York	$1727
68 km or 42 mi	Burnley	$1376
70 km or 44 mi	Loughborough	$1759
72 km or 45 mi	Crewe	$1486
75 km or 47 mi	Warrington	$1962
77 km or 48 mi	Stafford	$1750