Is London more expensive than Reykjavik?

London is 4.5% cheaper than Reykjavik overall. Rent is 31.9% higher, groceries 35.9% cheaper, and restaurants 27.8% cheaper.

Which city has better purchasing power, Reykjavik or London?

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

Reykjavik vs London: London is 4.5% cheaper, rent 32% higher (2026)

Category	🇮🇸 Reykjavik	🇬🇧 London	Difference
Cost of Living	82.6	78.9	-4.5%
Rent	49.6	65.4	+31.9%
Groceries	111.3	71.3	-35.9%
Restaurants	129.0	93.1	-27.8%
Purchasing Power	112.8	118.2	+4.8%

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 Reykjavik

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🇬🇧 Cost of Living in London

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