๐ŸŒŸ New: Salary Data for 50+ Countries Explore Now โ†’
๐Ÿ” Change Comparison Cities
City 1:
VS
City 2:

๐Ÿ’ก Smart Analysis

Comparing Reykjavik and London: Average gross pay is 4% higher in Reykjavik. Cost of living is 23% cheaper in Reykjavik. With higher take-home and lower expenses, Reykjavik is a more financially comfortable place to live with an affordability score of 6.8/10 compared to 6.2/10.

Category Comparison
๐Ÿ‡ฎ๐Ÿ‡ธ
Reykjavik
๐Ÿ‡ฌ๐Ÿ‡ง
London

๐Ÿ’ฐ Gross Salaries & Ranges

Average Gross Salary (Annual)
The primary average salary across experience ranges
โ‚ฌ81,000/yr
HIGHER
ยฃ78,000/yr
Junior Developer Pay
โ‚ฌ46,000
ยฃ39,000
Mid-Level Developer Pay
โ‚ฌ70,000
ยฃ67,000
Senior Developer Pay
โ‚ฌ103,000
ยฃ98,000
Lead / Architect Pay
โ‚ฌ129,000
ยฃ124,000

๐Ÿ  Monthly Cost of Living

Rent โ€” City Center (1 Bed)
โ‚ฌ1,500
ยฃ2,200
Rent โ€” Suburbs (1 Bed)
โ‚ฌ1,000
ยฃ1,400
Groceries (Monthly)
โ‚ฌ420
ยฃ450
Public Transport Pass
โ‚ฌ110
ยฃ160
Utilities (Electricity, Internet)
โ‚ฌ210
ยฃ200
Estimated Cost of Living
Rent center, groceries, transport plans & hobbies included
โ‚ฌ2,313/mo
CHEAPER
ยฃ3,010/mo

๐Ÿงพ Tax rates & Take-home

Average Income Tax Rate
37%
20%
Social Security Deduction
0%
12%
Monthly Take-home (After Tax)
Estimated direct net monthly deposit based on mid-level pay
โ‚ฌ3,675/mo
ยฃ3,908/mo

๐Ÿ“Š Affordability & Savings

Affordability Index
Score out of 10 comparing local net pay to costs
6.8
MORE AFFORDABLE
6.2
Monthly Savings Potential
Money left over after all standard cost of living expenses
โ‚ฌ1,362/mo
ยฃ898/mo
Months to Save โ‚ฌ10,000
~7 months
~11 months
๐Ÿ‡ฎ๐Ÿ‡ธ Complete Reykjavik Breakdown & Charts โ†’ ๐Ÿ‡ฌ๐Ÿ‡ง Complete London Breakdown & Charts โ†’