Iceland is in average 7% cheaper than London. The biggest difference is Childcare (-81%) and Buy (-62%). The smallest difference is Utilities (+3%) and Transport (-4%).
Some Price Examples (vs London):
🛒
Food
+31.95%
-
🍔
Meal, Inexpensive Restaurant
£20.33vs£20.64
🍽
Meal for 2 People, Mid-range Restaurant, Three-course
£105.77vs£82.54
🍟
McMeal at McDonalds
£14.65vs£8.25
☕
Cappuccino (regular)
£4.66vs£4.03
🥤
Coke/Pepsi (0.33 liter bottle)
£2.77vs£2.07
🚰
Water (0.33 liter bottle)
£2.15vs£1.56
🥛
Milk (regular), (1 liter)
£1.41vs£1.30
🍞
Loaf of Fresh White Bread (500g)
£3.50vs£1.39
🥚
Eggs (regular) (12)
£5.68vs£3.06
🧀
Local Cheese (1kg)
£13.34vs£9.40
🍗
Chicken Fillets (1kg)
£16.36vs£8.49
🍌
Banana (1kg)
£2.45vs£1.51
🍷
Bottle of Wine (Mid-Range)
£20.75vs£11.00
🍺
Domestic Beer (0.5 liter bottle)
£3.26vs£2.54
🚍
Transport
-4.48%
+
🚍
One-way Ticket (Local Transport)
£3.90vs£3.85
🚍
Monthly Pass (Regular Price)
£104.15vs£214.11
🚖
Taxi 1km (Normal Tariff)
£2.50vs£2.34
⛽
Gasoline (1 liter)
£1.83vs£1.68
🚘
Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car)
£30,837.19vs£31,662.81
🚘
Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car)
£34,762.23vs£31,656.26
💧
Utilities
+2.91%
+
💡
Basic (Electricity, Heating, Cooling, Water, Garbage) for 85m2 Apartment
£120.61vs£238.54
📱
1 min. of Prepaid Mobile Tariff Local (No Discounts or Plans)
£0.17vs£0.18
🌐
Internet (60 Mbps or More, Unlimited Data, Cable/ADSL)
£71.76vs£44.05
⚽
Sports
+47.58%
+
🏋️
Fitness Club, Monthly Fee for 1 Adult
£62.03vs£62.77
🎾
Tennis Court Rent (1 Hour on Weekend)
£36.93vs£13.42
📽
Cinema, International Release, 1 Seat
£13.38vs£19.48
👪
Childcare
-81.42%
+
🧒
Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child
£288.31vs£1,923.69
📚
International Primary School, Yearly for 1 Child
£5,528.72vs£24,926.98
👗
Clothing
+60.81%
+
👖
1 Pair of Jeans (Levis 501 Or Similar)
£124.37vs£81.17
👗
1 Summer Dress in a Chain Store (Zara, H&M, ...)
£59.45vs£38.30
👟
1 Pair of Nike Running Shoes (Mid-Range)
£160.50vs£96.86
👞
1 Pair of Men Leather Business Shoes
£193.47vs£114.44
🛋
Rent
-35.84%
+
🛋
Apartment (1 bedroom) in City Centre
£1,477.83vs£2,279.65
🛋
Apartment (1 bedroom) Outside of Centre
£1,251.99vs£1,749.19
🏠
Apartment (3 bedrooms) in City Centre
£2,244.76vs£4,384.72
🏠
Apartment (3 bedrooms) Outside of Centre
£1,961.30vs£2,840.04
🏠
Buy
-61.76%
+
🏢
Price per Square Meter to Buy Apartment in City Centre
£4,609.94vs£15,449.04
🏡
Price per Square Meter to Buy Apartment Outside of Centre