Cost of living comparison
Iceland is 11.0% more expensive than Australia overall.
- Restaurants
-
pay 23.2% more in Iceland
- Groceries
-
pay 16.5% more in Iceland
- Transportation
-
pay 33.0% more in Iceland
- Housing
-
pay 20.9% more in Iceland
- Childcare
-
pay 70.8% less in Iceland
- Entertainment and Sports
-
pay 7.4% more in Iceland
- Clothing
-
pay 46.6% more in Iceland
The cost of clothing, transportation, restaurants, housing, groceries, and entertainment and sports in Iceland are more expensive than in Australia.
If you lived in Iceland instead of Australia, you would:
pay 23.2% more for restaurants
|
Australia
|
Iceland
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$16.76
A$26.14
|
$19.40
ISK2,534
|
|
|
Fast food combo meal
McDonalds, or similar
|
$9.73
A$15.19
|
$16.94
ISK2,213
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$2.56
A$4.00
|
$2.81
ISK367
|
|
| Bottle of water (11 fl. oz) |
$2.16
A$3.38
|
$2.02
ISK264
|
|
pay 16.5% more for groceries
|
Australia
|
Iceland
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$2.37
A$3.70
|
$2.95
ISK386
|
|
| Local cheese (8 oz) |
$4.36
A$6.81
|
$7.27
ISK949
|
|
| Milk (1 gallon) |
$5.80
A$9.05
|
$6.01
ISK784
|
|
|
Eggs
1 dozen
|
$4.07
A$6.35
|
$5.42
ISK708
|
|
| Boneless chicken breast (1 lb) |
$3.94
A$6.15
|
$8.51
ISK1,111
|
|
| Apples (1 lb) |
$1.45
A$2.26
|
$1.22
ISK160
|
|
| Bananas (1 lb) |
$1.26
A$1.96
|
$1.03
ISK134
|
|
| Oranges (1 lb) |
$1.35
A$2.11
|
$1.17
ISK153
|
|
| Tomatoes (1 lb) |
$2.01
A$3.14
|
$1.87
ISK245
|
|
| Potatoes (1 lb) |
$1.12
A$1.74
|
$1.23
ISK161
|
|
| Onions (1 lb) |
$0.96
A$1.50
|
$0.78
ISK102
|
|
pay 33.0% more for transportation
|
Australia
|
Iceland
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$4.65
A$7.26
|
$8.36
ISK1,092
|
|
| Monthly public transit pass |
$83.03
A$129.55
|
$71.28
ISK9,310
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$27,742.09
A$43,285.99
|
$40,660.66
ISK5,310,689
|
|
| Taxi trip in downtown area (5 miles) |
$18.38
A$28.68
|
$22.04
ISK2,878
|
|
pay 20.9% more for housing
|
Australia
|
Iceland
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$55.59
A$86.74
|
$72.17
ISK9,427
|
|
| 1-Bedroom apartment in downtown area |
$1,182.30
A$1,844.75
|
$1,838.04
ISK240,066
|
|
| 1-Bedroom apartment outside city center |
$957.92
A$1,494.65
|
$1,497.77
ISK195,624
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$138.16
A$215.58
|
$58.01
ISK7,577
|
|
pay 70.8% less for childcare
|
Australia
|
Iceland
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$1,485.91
A$2,318.47
|
$258.16
ISK33,719
|
|
| Middle school for 1 child, two semesters |
$14,667.78
A$22,886.14
|
$5,993.99
ISK782,876
|
|
pay 7.4% more for entertainment and sports
|
Australia
|
Iceland
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$6.64
A$10.37
|
$9.19
ISK1,200
|
|
| Cappuccino in mid-range area |
$3.55
A$5.53
|
$4.65
ISK607
|
|
|
Pack of cigarettes
Marlboro or similar
|
$28.07
A$43.80
|
$11.76
ISK1,535
|
|
| Monthly membership at local gym |
$52.89
A$82.52
|
$61.46
ISK8,027
|
|
| Movie ticket to theater/cinema |
$13.13
A$20.48
|
$14.35
ISK1,874
|
|
pay 46.6% more for clothing
|
Australia
|
Iceland
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$71.78
A$111.99
|
$111.23
ISK14,528
|
|
|
Regular dress
from H&M or similar store
|
$50.24
A$78.39
|
$59.69
ISK7,796
|
|
|
Running shoes
Nike or Adidas
|
$100.30
A$156.49
|
$148.00
ISK19,330
|
|
| Men's business shoes (leather) |
$111.73
A$174.33
|
$184.49
ISK24,097
|
|
Change currency:
Help us improve these prices
ASK THE ELSEWHERE COMMUNITY
Join the Elsewhere community and ask a question about Iceland or Australia. It's a free, question-and-answer based forum to discuss what life is like in countries and cities around the world.