Cost of Living & Prices:
United Kingdom vs. Iceland
Compare the cost of living and prices of goods and services, such as consumer goods prices, housing costs, average wages and more, to learn about differences and similarities between countries.
United Kingdom
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London
ReykjavíkTable of contents
Grocery
United Kingdom vs. Iceland - grocery purchase prices. You would pay on average 1.47 times less for grocery shopping in the United Kingdom than in Iceland.
Apples (1kg)
One kilogram of apples costs 2.36 EUR (2.57 USD) in the United Kingdom and 3 EUR (3.27 USD) in Iceland. The price of this product is 21.3% lower in the United Kingdom.
Banana (1kg)
1 kilogram of bananas costs 1.48 EUR (1.61 USD) in the United Kingdom and 1.89 EUR (2.06 USD) in Iceland. The price of this product is 21.7% lower in the United Kingdom.
Beef Round (1kg) (or Equivalent Back Leg Red Meat)
One kilogram of beef or similar meat costs 12.18 EUR (13.25 USD) in the United Kingdom and 23.29 EUR (25.34 USD) in Iceland. The price of this product is 47.7% lower in the United Kingdom.
Bottle of Wine (Mid-Range)
A bottle of medium-grade wine costs 10.51 EUR (11.43 USD) in the United Kingdom and 17.94 EUR (19.52 USD) in Iceland. The price of this product is 41.4% lower in the United Kingdom.
Chicken Fillets (1kg)
One kilogram of chicken fillet costs 7.93 EUR (8.63 USD) in the United Kingdom and 16.09 EUR (17.51 USD) in Iceland. The price of this product is 50.7% lower in the United Kingdom.
Cigarettes 20 Pack (Marlboro)
A pack of 20 cigarettes costs 15.36 EUR (16.71 USD) in the United Kingdom and 10.63 EUR (11.57 USD) in Iceland. The price of this product is 30.8% lower in Iceland.
Domestic Beer (0.5 liter bottle)
Domestic beer in a 0.5 liter bottle costs 2.34 EUR (2.54 USD) in the United Kingdom and 2.78 EUR (3.03 USD) in Iceland. The price of this product is 15.8% lower in the United Kingdom.
Eggs (regular) (12)
You will pay 3.04 EUR (3.3 USD) for 12 eggs in the United Kingdom and 5.05 EUR (5.49 USD) in Iceland. The price of this product is 39.8% lower in the United Kingdom.
Imported Beer (0.33 liter bottle)
A 0.33 liter bottle of imported beer costs 2.78 EUR (3.02 USD) in the United Kingdom and 2.31 EUR (2.52 USD) in Iceland. The price of this product is 16.9% lower in Iceland.
Johnnie Walker Red Label Whisky 0.7 Litre
Lettuce (1 head)
One head of lettuce costs 1.02 EUR (1.11 USD) in the United Kingdom and 2.5 EUR (2.72 USD) in Iceland. The price of this product is 59.2% lower in the United Kingdom.
Loaf of Fresh White Bread (500g)
One loaf of fresh white bread costs 1.35 EUR (1.47 USD) in the United Kingdom and 2.99 EUR (3.25 USD) in Iceland. The price of this product is 54.8% lower in the United Kingdom.
Local Cheese (1kg)
One kilogram of locally produced cheese costs 7.33 EUR (7.98 USD) in the United Kingdom and 13.08 EUR (14.23 USD) in Iceland. The price of this product is 44% lower in the United Kingdom.
Milk (regular), (1 liter)
One liter of milk costs 1.35 EUR (1.47 USD) in the United Kingdom and 1.41 EUR (1.53 USD) in Iceland. The price of this product is 4.3% lower in the United Kingdom.
Onion (1kg)
One kilogram of onions costs 1.28 EUR (1.4 USD) in the United Kingdom and 1.25 EUR (1.36 USD) in Iceland. The price of this product is 2.3% lower in Iceland.
Oranges (1kg)
One kilogram of oranges costs 2.32 EUR (2.53 USD) in the United Kingdom and 2.29 EUR (2.49 USD) in Iceland. The price of this product is 1.3% lower in Iceland.
Potato (1kg)
One kilogram of potatoes costs 1.3 EUR (1.41 USD) in the United Kingdom and 2.48 EUR (2.69 USD) in Iceland. The price of this product is 47.6% lower in the United Kingdom.
Rice (white), (1kg)
One kilogram of white rice costs 2.11 EUR (2.3 USD) in the United Kingdom and 2.83 EUR (3.08 USD) in Iceland. The price of this product is 25.4% lower in the United Kingdom.
Smirnoff Red Label Vodka 0.7 Litre
Tomato (1kg)
One kilogram of tomatoes costs 2.83 EUR (3.07 USD) in the United Kingdom and 4.25 EUR (4.62 USD) in Iceland. The price of this product is 33.4% lower in the United Kingdom.
Water (1.5 liter bottle)
A 1.5 liter bottle of water costs 1.34 EUR (1.46 USD) in the United Kingdom and 1.79 EUR (1.95 USD) in Iceland. The price of this product is 25.1% lower in the United Kingdom.
Restaurant
United Kingdom vs. Iceland - expenses on meals in restaurants. You would pay 1.2 times less for meals in restaurants in the United Kingdom than in Iceland.
Cappuccino (regular)
For a cappuccino in a restaurant, you'll pay 4.01 EUR (4.36 USD) in the United Kingdom and 4.16 EUR (4.52 USD) in Iceland. The price of this product is 3.6% lower in the United Kingdom.
Coke/Pepsi (0.33 liter bottle)
A 0.33 liter bottle of Coca-Cola or Pepsi costs 2.1 EUR (2.29 USD) in the United Kingdom and 2.29 EUR (2.49 USD) in Iceland. The price of this product is 8.3% lower in the United Kingdom.
Domestic Beer (0.5 liter draught)
Domestic beer with a capacity of 0.5 liters costs 7.01 EUR (7.62 USD) in the United Kingdom and 8.64 EUR (9.4 USD) in Iceland. The price of this product is 18.9% lower in the United Kingdom.
Imported Beer (0.33 liter bottle)
A 0.33 liter bottle of imported beer costs 5.84 EUR (6.35 USD) in the United Kingdom and 7.31 EUR (7.95 USD) in Iceland. The price of this product is 20.1% lower in the United Kingdom.
McMeal at McDonalds (or Equivalent Combo Meal)
A McMeal or similar meal at McDonald's costs 8.17 EUR (8.89 USD) in the United Kingdom and 13.29 EUR (14.46 USD) in Iceland. The price of this product is 38.5% lower in the United Kingdom.
Meal for 2 People, Mid-range Restaurant, Three-course
A three-course meal for two people at a mid-range restaurant costs 81.74 EUR (88.93 USD) in the United Kingdom and 99.7 EUR (108.47 USD) in Iceland. The price of this product is 18% lower in the United Kingdom.
Meal, Inexpensive Restaurant
A meal at an inexpensive restaurant costs 17.52 EUR (19.06 USD) in the United Kingdom and 16.62 EUR (18.08 USD) in Iceland. The price of this product is 5.1% lower in Iceland.
Water (0.33 liter bottle)
A 0.33 liter bottle of water costs 1.61 EUR (1.75 USD) in the United Kingdom and 1.78 EUR (1.94 USD) in Iceland. The price of this product is 9.6% lower in the United Kingdom.
Fuel
United Kingdom vs. Iceland - expenses related to fuel. You would pay 1.25 times less for fuel in the United Kingdom than in Iceland.
Diesel 1L
A liter of diesel costs 1.74 EUR (1.89 USD) in the United Kingdom and 2.14 EUR (2.32 USD) in Iceland. The price of this product is 18.7% lower in the United Kingdom.
Gasoline 1L
A liter of gasoline costs 1.64 EUR (1.78 USD) in the United Kingdom and 2.09 EUR (2.27 USD) in Iceland. The price of this product is 21.5% lower in the United Kingdom.
LPG 1L
Transportation
United Kingdom vs. Iceland - costs of transportation and public communication. You would pay 1.81 times more for transportation in the United Kingdom than in Iceland.
Monthly Pass (Regular Price)
The monthly ticket price for public transportation is 183.91 EUR (200.09 USD) in the United Kingdom and 59.82 EUR (65.08 USD) in Iceland. The price of this product is 67.5% lower in Iceland.
One-way Ticket (Local Transport)
The one-way ticket price for local transportation is 3.04 EUR (3.3 USD) in the United Kingdom and 3.66 EUR (3.98 USD) in Iceland. The price of this product is 16.9% lower in the United Kingdom.
Taxi 1hour Waiting (Normal Tariff)
The cost of a one-hour taxi stand/wait is 33.63 EUR (36.59 USD) in the United Kingdom and 54.3 EUR (59.08 USD) in Iceland. The price of this product is 38.1% lower in the United Kingdom.
Taxi 1km (Normal Tariff)
The fare for each kilometer traveled is 1.99 EUR (2.16 USD) in the United Kingdom and 2.75 EUR (2.99 USD) in Iceland. The price of this product is 27.6% lower in the United Kingdom.
Taxi Start (Normal Tariff)
The initial fare during a taxi ride is 4.67 EUR (5.08 USD) in the United Kingdom and 4.85 EUR (5.28 USD) in Iceland. The price of this product is 3.7% lower in the United Kingdom.
Sports & entertainment
United Kingdom vs. Iceland - costs related to entertainment and sports.
Cinema, International Release, 1 Seat
The ticket price for a foreign film in the cinema is 14.01 EUR (15.24 USD) in the United Kingdom and 12.3 EUR (13.38 USD) in Iceland. The price of this product is 12.2% lower in Iceland.
Fitness Club, Monthly Fee for 1 Adult
The monthly fee for entry to the fitness club is 49.62 EUR (53.98 USD) in the United Kingdom and 59.83 EUR (65.09 USD) in Iceland. The price of this product is 17.1% lower in the United Kingdom.
Tennis Court Rent (1 Hour on Weekend)
The cost of renting a tennis court for one hour on the weekend is 13.56 EUR (14.75 USD) in the United Kingdom and 41.1 EUR (44.71 USD) in Iceland. The price of this product is 67% lower in the United Kingdom.
Flats for rent
United Kingdom vs. Iceland - costs of renting an apartment. You would pay about 1.72 times more for renting an apartment in the United Kingdom than in Iceland.
Apartment (1 bedroom) in City Centre
For renting an apartment in the city center consisting of a living room and one bedroom, you will pay 2387 EUR (2596.43 USD) in the United Kingdom and 1444 EUR (1571.2 USD) in Iceland. The price of this product is 39.5% lower in Iceland.
Apartment (1 bedroom) Outside of Centre
For renting an apartment outside the city center consisting of a living room and one bedroom, you will pay 1691 EUR (1840.16 USD) in the United Kingdom and 1223 EUR (1330.87 USD) in Iceland. The price of this product is 27.7% lower in Iceland.
Apartment (3 bedrooms) in City Centre
For renting an apartment in the city center consisting of a living room and three bedrooms, you will pay 4253 EUR (4627.46 USD) in the United Kingdom and 2091 EUR (2275.41 USD) in Iceland. The price of this product is 50.8% lower in Iceland.
Apartment (3 bedrooms) Outside of Centre
For renting an apartment outside the city center consisting of a living room and three bedrooms, you will pay 2869 EUR (3121.84 USD) in the United Kingdom and 1740 EUR (1893.5 USD) in Iceland. The price of this product is 39.4% lower in Iceland.
Flats for sale
United Kingdom vs. Iceland - costs of purchasing an apartment. You would pay 2.34 times more for buying an apartment in the United Kingdom than in Iceland.
Price per Square Meter to Buy Apartment in City Centre
For one square meter of an apartment in the city center you will pay 14042 EUR (15276.81 USD) in the United Kingdom and 5582 EUR (6072.88 USD) in Iceland. The price of this product is 60.2% lower in Iceland.
Price per Square Meter to Buy Apartment Outside of Centre
For one square meter of an apartment outside the city center, you will pay 8572 EUR (9325.81 USD) in the United Kingdom and 4073 EUR (4431 USD) in Iceland. The price of this product is 52.5% lower in Iceland.
Salary
United Kingdom vs. Iceland - average salary. The average salary in the United Kingdom is 1.07 times higher than in Iceland.
Average Monthly Net Salary (After Tax)
The average monthly salary after taxes is 3541 EUR (3852.79 USD) in the United Kingdom and 3318 EUR (3610.19 USD) in Iceland. The average salary is 6.3% lower in Iceland.
Hotels
United Kingdom vs. Iceland - prices of accommodation in hostels, guesthouses, and hotels.
One star
Two stars
Three stars
Four stars
Five stars
Average accommodation prices based on Expedia.com data • Update: 15 May 2024 (1 night stay for 2 people on 29 May 2024) • United Kingdom: 20 cities, 1410 hotels • Iceland: 20 cities, 257 hotels