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Machine Learning Engineer Salary Comparison

Side-by-side evaluation of salaries, local taxes, monthly expenses, and real purchasing power

✓ Real-time Comparison
🔍 Change Comparison Cities
City 1:
VS
City 2:

💡 Smart Analysis

Comparing Reykjavik and London: Average gross pay is 1% 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
🇮🇸
Reykjavik
🇬🇧
London

💰 Gross Salaries & Ranges

Average Gross Salary (Annual)
The primary average salary across experience ranges
€82,000/yr
HIGHER
£81,000/yr
Junior Developer Pay
€47,000
£41,000
Mid-Level Developer Pay
€71,000
£70,000
Senior Developer Pay
€105,000
£102,000
Lead / Architect Pay
€131,000
£129,000

🏠 Monthly Cost of Living

Rent — City Center (1 Bed)
€1,500
£2,200
Rent — Suburbs (1 Bed)
€1,000
£1,400
Groceries (Monthly)
€420
£450
Public Transport Pass
€110
£160
Utilities (Electricity, Internet)
€210
£200
Estimated Cost of Living
Rent center, groceries, transport plans & hobbies included
€2,313/mo
CHEAPER
£3,010/mo

🧾 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
€3,728/mo
£4,083/mo

📊 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
€1,415/mo
£1,073/mo
Months to Save €10,000
~7 months
~9 months
🇮🇸 Complete Reykjavik Breakdown & Charts → 🇬🇧 Complete London Breakdown & Charts →