Cost of living comparison

compared to

Canberra vs. Akranes Cost of Living Summary

Canberra is 15.3% more expensive than Akranes.

Restaurants: pay 31.6% less in Canberra
Groceries: pay 18.4% less in Canberra
Transportation: pay 3.6% less in Canberra
Housing: pay 9.1% more in Canberra
Childcare: pay 2.9 times more in Canberra
Entertainment and Sports: pay 3.9% more in Canberra
Clothing: pay 41.4% less in Canberra

The cost of childcare, housing, and entertainment and sports in Canberra are more expensive than in Akranes. Expenses including clothing, restaurants, groceries, and transportation are lower in Canberra. Notably, childcare is significantly more expensive in Canberra.

Canberra vs. Akranes Cost Breakdown

If you lived in Canberra instead of Akranes, you would:

Display currency: USD

pay 31.6% less for restaurants

	Akranes	Canberra
Basic meal with drink at inexpensive restaurant	$27.48 ISK3,517	$16.34 A$25.00	-40.5%
Fast food combo meal McDonalds, or similar	$22.76 ISK2,913	$9.81 A$15.00	-56.9%
Bottle of Coca-Cola (11 fl. oz)	$3.24 ISK415	$2.59 A$3.96	-20.1%
Bottle of water (11 fl. oz)	$2.45 ISK314	$2.24 A$3.42	-8.8%
Average			-31.6%

Akranes vs. Canberra - Cost of restaurants

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pay 18.4% less for groceries

	Akranes	Canberra
Bread 1 loaf	$2.05 ISK262	$2.71 A$4.14	+31.9%
Local cheese (8 oz)	$9.44 ISK1,208	$4.99 A$7.63	-47.2%
Milk (1 gallon)	$7.63 ISK976	$5.50 A$8.41	-28.0%
Eggs 1 dozen	$6.15 ISK787	$4.31 A$6.60	-29.9%
Boneless chicken breast (1 lb)	$11.29 ISK1,445	$4.17 A$6.38	-63.1%
Apples (1 lb)	$1.59 ISK204	$1.48 A$2.26	-6.9%
Bananas (1 lb)	$1.17 ISK150	$1.35 A$2.06	+15.1%
Oranges (1 lb)	$1.49 ISK190	$1.33 A$2.04	-10.4%
Tomatoes (1 lb)	$2.23 ISK286	$1.86 A$2.84	-16.7%
Potatoes (1 lb)	$1.70 ISK217	$1.01 A$1.55	-40.4%
Onions (1 lb)	$1.12 ISK143	$1.04 A$1.59	-6.7%
Average			-18.4%

Akranes vs. Canberra - Cost of groceries

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pay 3.6% less for transportation

	Akranes	Canberra
Gasoline (1 gallon)	$9.66 ISK1,236	$4.42 A$6.75	-54.3%
Monthly public transit pass	$73.82 ISK9,447	$122.90 A$188.01	+66.5%
New Volkswagen Golf 1.4 (standard edition)	$50,771.00 ISK6,497,672	$29,041.09 A$44,425.70	-42.8%
Taxi trip in downtown area (5 miles)	$16.32 ISK2,089	$18.93 A$28.95	+16.0%
Average			-3.6%

Akranes vs. Canberra - Cost of transportation

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pay 9.1% more for housing

	Akranes	Canberra
Internet connection 50 mbps or faster, cable/dsl	$81.97 ISK10,490	$51.97 A$79.50	-36.6%
1-Bedroom apartment in downtown area	$3,034.78 ISK388,391	$1,554.45 A$2,377.92	-48.8%
1-Bedroom apartment outside city center	$1,906.99 ISK244,056	$1,160.39 A$1,775.11	-39.2%
Utilities for two (700 sq ft apartment) including electric, gas, water, heating	$60.87 ISK7,791	$159.03 A$243.28	+161.2%
Average			+9.1%

Akranes vs. Canberra - Cost of housing

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pay 2.9 times more for childcare

	Akranes	Canberra
Private preschool for 1 child, monthly	$327.78 ISK41,949	$1,754.20 A$2,683.50	+435.2%
Middle school for 1 child, two semesters	$30,711.08 ISK3,930,404	$13,323.22 A$20,381.24	-56.6%
Average			+189.3%

Akranes vs. Canberra - Cost of childcare

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pay 3.9% more for entertainment and sports

	Akranes	Canberra
Domestic/local beer (1 pint)	$10.66 ISK1,365	$6.54 A$10.00	-38.7%
Cappuccino in mid-range area	$6.15 ISK787	$3.41 A$5.21	-44.6%
Pack of cigarettes Marlboro or similar	$13.94 ISK1,783	$31.05 A$47.50	+122.8%
Monthly membership at local gym	??	$58.70 A$89.79
Movie ticket to theater/cinema	$17.18 ISK2,199	$13.07 A$20.00	-23.9%
Average			+3.9%

Akranes vs. Canberra - Cost of entertainment and sports

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pay 41.4% less for clothing

	Akranes	Canberra
Regular jeans Levi's brand	$145.10 ISK18,569	$69.40 A$106.16	-52.2%
Regular dress from H&M or similar store	$63.97 ISK8,187	$57.75 A$88.34	-9.7%
Running shoes Nike or Adidas	$193.43 ISK24,755	$94.06 A$143.88	-51.4%
Men's business shoes (leather)	$248.79 ISK31,840	$118.40 A$181.12	-52.4%
Average			-41.4%

Akranes vs. Canberra - Cost of clothing

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The statistics used to build this comparison are calculated using data from users just like you. We average the price of thousands of data points entered by users across the world. Learn more about our data sources. Page last updated: December 2025

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