Cost of living comparison
Iceland is 8.5% more expensive than Australia.
If you lived in Iceland instead of Australia, you would:
pay 18.4% more for restaurants
|
Australia
|
Iceland
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$15.31
A$23.26
|
$17.84
kr2,453
|
|
|
Fast food combo meal
McDonalds, or similar
|
$8.98
A$13.65
|
$14.27
kr1,963
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$2.45
A$3.72
|
$2.32
kr319
|
|
| Bottle of water (11 fl. oz) |
$2.05
A$3.12
|
$2.12
kr292
|
|
pay 16.3% more for groceries
|
Australia
|
Iceland
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$2.00
A$3.04
|
$3.42
kr471
|
|
| Local cheese (8 oz) |
$4.24
A$6.44
|
$5.98
kr823
|
|
| Milk (1 gallon) |
$5.00
A$7.59
|
$5.33
kr732
|
|
|
Eggs
1 dozen
|
$3.52
A$5.34
|
$5.66
kr778
|
|
| Boneless chicken breast (1 lb) |
$3.56
A$5.40
|
$7.09
kr976
|
|
| Apples (1 lb) |
$1.44
A$2.18
|
$1.16
kr160
|
|
| Bananas (1 lb) |
$1.13
A$1.71
|
$0.98
kr135
|
|
| Oranges (1 lb) |
$1.31
A$1.99
|
$1.17
kr161
|
|
| Tomatoes (1 lb) |
$2.10
A$3.19
|
$1.84
kr253
|
|
| Potatoes (1 lb) |
$1.03
A$1.57
|
$0.96
kr132
|
|
| Onions (1 lb) |
$0.83
A$1.26
|
$0.51
kr70
|
|
pay 37.2% more for transportation
|
Australia
|
Iceland
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$4.95
A$7.51
|
$8.03
kr1,105
|
|
| Monthly public transit pass |
$81.92
A$124.46
|
$77.40
kr10,646
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$22,079.60
A$33,545.42
|
$29,836.83
kr4,104,056
|
|
| Taxi trip in downtown area (5 miles) |
$15.28
A$23.21
|
$23.97
kr3,297
|
|
pay 8.5% more for housing
|
Australia
|
Iceland
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$55.83
A$84.82
|
$62.40
kr8,583
|
|
| 1-Bedroom apartment in downtown area |
$1,119.19
A$1,700.38
|
$1,437.14
kr197,679
|
|
| 1-Bedroom apartment outside city center |
$889.00
A$1,350.65
|
$1,215.63
kr167,209
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$120.53
A$183.13
|
$68.63
kr9,440
|
|
pay 78.5% less for childcare
|
Australia
|
Iceland
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$1,373.48
A$2,086.72
|
$259.34
kr35,673
|
|
| Middle school for 1 child, two semesters |
$11,458.00
A$17,408.08
|
$2,750.10
kr378,276
|
|
pay 8.1% more for entertainment and sports
|
Australia
|
Iceland
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$5.72
A$8.68
|
$8.52
kr1,172
|
|
| Cappuccino in mid-range area |
$3.30
A$5.01
|
$4.15
kr571
|
|
|
Pack of cigarettes
Marlboro or similar
|
$24.53
A$37.27
|
$10.64
kr1,463
|
|
| Monthly membership at local gym |
$46.71
A$70.97
|
$56.90
kr7,827
|
|
| Movie ticket to theater/cinema |
$12.25
A$18.61
|
$12.27
kr1,688
|
|
pay 49.7% more for clothing
|
Australia
|
Iceland
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$71.47
A$108.59
|
$118.08
kr16,241
|
|
|
Regular dress
from H&M or similar store
|
$41.82
A$63.53
|
$50.39
kr6,931
|
|
|
Running shoes
Nike or Adidas
|
$101.71
A$154.52
|
$151.12
kr20,786
|
|
| Men's business shoes (leather) |
$106.56
A$161.89
|
$175.20
kr24,098
|
|
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