Cost of living comparison
Reykjavik is 18.1% more expensive than Australia.
If you lived in Reykjavik instead of Australia, you would:
pay 24.1% more for restaurants
Australia
|
Reykjavik
|
||
---|---|---|---|
Basic meal with drink at inexpensive restaurant |
$15.31
A$23.87
|
$18.40
kr2,599
|
|
Fast food combo meal
McDonalds, or similar
|
$8.98
A$14.00
|
$15.62
kr2,207
|
|
Bottle of Coca-Cola (11 fl. oz) |
$2.45
A$3.82
|
$2.53
kr358
|
|
Bottle of water (11 fl. oz) |
$2.05
A$3.20
|
$2.03
kr286
|
|
pay 31.0% more for groceries
Australia
|
Reykjavik
|
||
---|---|---|---|
Bread
1 loaf
|
$2.00
A$3.12
|
$3.40
kr481
|
|
Local cheese (8 oz) |
$4.24
A$6.60
|
$7.20
kr1,016
|
|
Milk (1 gallon) |
$5.00
A$7.79
|
$5.90
kr833
|
|
Eggs
1 dozen
|
$3.52
A$5.48
|
$5.64
kr797
|
|
Boneless chicken breast (1 lb) |
$3.56
A$5.54
|
$8.08
kr1,142
|
|
Apples (1 lb) |
$1.44
A$2.24
|
$1.57
kr221
|
|
Bananas (1 lb) |
$1.13
A$1.75
|
$0.93
kr132
|
|
Oranges (1 lb) |
$1.31
A$2.05
|
$1.23
kr174
|
|
Tomatoes (1 lb) |
$2.10
A$3.27
|
$2.22
kr313
|
|
Potatoes (1 lb) |
$1.03
A$1.61
|
$1.24
kr176
|
|
Onions (1 lb) |
$0.83
A$1.29
|
$0.69
kr97
|
|
pay 55.2% more for transportation
Australia
|
Reykjavik
|
||
---|---|---|---|
Gasoline (1 gallon) |
$4.95
A$7.71
|
$8.90
kr1,257
|
|
Monthly public transit pass |
$81.92
A$127.68
|
$65.56
kr9,260
|
|
New Volkswagen Golf 1.4 (standard edition) |
$22,079.60
A$34,413.35
|
$37,150.35
kr5,247,487
|
|
Taxi trip in downtown area (5 miles) |
$15.28
A$23.81
|
$29.44
kr4,159
|
|
pay 17.9% more for housing
Australia
|
Reykjavik
|
||
---|---|---|---|
Internet connection
50 mbps or faster, cable/dsl
|
$55.83
A$87.01
|
$64.04
kr9,046
|
|
1-Bedroom apartment in downtown area |
$1,119.19
A$1,744.38
|
$1,613.16
kr227,859
|
|
1-Bedroom apartment outside city center |
$889.00
A$1,385.59
|
$1,379.70
kr194,883
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$120.53
A$187.87
|
$69.31
kr9,791
|
|
pay 63.2% less for childcare
Australia
|
Reykjavik
|
||
---|---|---|---|
Private preschool for 1 child, monthly |
$1,373.48
A$2,140.71
|
$282.44
kr39,894
|
|
Middle school for 1 child, two semesters |
$11,458.00
A$17,858.49
|
$6,058.18
kr855,718
|
|
pay 21.2% more for entertainment and sports
Australia
|
Reykjavik
|
||
---|---|---|---|
Domestic/local beer (1 pint) |
$5.72
A$8.91
|
$9.47
kr1,338
|
|
Cappuccino in mid-range area |
$3.30
A$5.14
|
$4.53
kr640
|
|
Pack of cigarettes
Marlboro or similar
|
$24.53
A$38.23
|
$11.66
kr1,646
|
|
Monthly membership at local gym |
$46.71
A$72.80
|
$67.30
kr9,507
|
|
Movie ticket to theater/cinema |
$12.25
A$19.09
|
$13.66
kr1,929
|
|
pay 40.5% more for clothing
Australia
|
Reykjavik
|
||
---|---|---|---|
Regular jeans
Levi's brand
|
$71.47
A$111.40
|
$108.17
kr15,278
|
|
Regular dress
from H&M or similar store
|
$41.82
A$65.18
|
$43.41
kr6,132
|
|
Running shoes
Nike or Adidas
|
$101.71
A$158.52
|
$137.74
kr19,456
|
|
Men's business shoes (leather) |
$106.56
A$166.08
|
$182.49
kr25,777
|
|
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