Is Reykjavik more expensive than London?

Reykjavik is 4.7% more expensive than London overall. Rent is 24.2% lower, groceries 56.1% more expensive, and restaurants 38.6% more expensive.

Which city has better purchasing power, London or Reykjavik?

London has a purchasing power index of 118.2 while Reykjavik has 112.8 (NYC = 100). London offers better purchasing power.

London vs Reykjavik: Reykjavik is 4.7% more expensive, rent 24% lower (2026)

Category	🇬🇧 London	🇮🇸 Reykjavik	Difference
Cost of Living	78.9	82.6	+4.7%
Rent	65.4	49.6	-24.2%
Groceries	71.3	111.3	+56.1%
Restaurants	93.1	129.0	+38.6%
Purchasing Power	118.2	112.8	-4.6%

Data from October 2026 · Cost of living: Numbeo, blended with Expatistan and LivingCost where available. Rent, groceries, restaurants and purchasing power: Numbeo (NYC = 100) · Indices reflect relative costs; absolute prices vary by neighbourhood.

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🇬🇧 Cost of Living in London

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🇮🇸 Cost of Living in Reykjavik

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🇬🇧 Should I Move to London?

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