Cost of living comparison

Australia

compared to

Iceland

Reykjavik vs. Bendigo Cost of Living Summary

Reykjavik is 43.9% more expensive than Bendigo.

Restaurants: pay 57.5% more in Reykjavik
Groceries: pay 40.0% more in Reykjavik
Transportation: pay 77.4% more in Reykjavik
Housing: pay 72.8% more in Reykjavik
Childcare: pay 29.1% less in Reykjavik
Entertainment and Sports: pay 24.5% more in Reykjavik
Clothing: pay 64.5% more in Reykjavik

The cost of transportation, housing, clothing, restaurants, groceries, and entertainment and sports in Reykjavik are more expensive than in Bendigo. Notably, transportation is significantly more expensive in Reykjavik.

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Reykjavik vs. Bendigo Cost Breakdown

If you lived in Reykjavik instead of Bendigo, you would:

Display currency: USD

pay 57.5% more for restaurants

	Bendigo	Reykjavik
Basic meal with drink at inexpensive restaurant	$17.41 A$24.92	$31.06 ISK3,793	+78.4%
Fast food combo meal McDonalds, or similar	$12.27 A$17.56	$26.97 ISK3,294	+119.9%
Bottle of Coca-Cola (11 fl. oz)	$3.10 A$4.44	$3.31 ISK405	+7.0%
Bottle of water (11 fl. oz)	$2.49 A$3.56	$3.11 ISK379	+24.8%
Average			+57.5%

Bendigo vs. Reykjavik - Cost of restaurants

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pay 40.0% more for groceries

	Bendigo	Reykjavik
Bread 1 loaf	$2.93 A$4.20	$4.19 ISK512	+43.0%
Local cheese (8 oz)	$5.22 A$7.47	$10.93 ISK1,335	+109.4%
Milk (1 gallon)	$5.01 A$7.17	$7.78 ISK950	+55.3%
Eggs 1 dozen	$4.64 A$6.64	$7.08 ISK865	+52.6%
Boneless chicken breast (1 lb)	$4.44 A$6.35	$11.00 ISK1,344	+148.0%
Apples (1 lb)	$1.58 A$2.26	$1.50 ISK184	-4.7%
Bananas (1 lb)	$1.38 A$1.98	$1.27 ISK155	-8.4%
Oranges (1 lb)	$1.44 A$2.06	$1.46 ISK178	+1.3%
Tomatoes (1 lb)	$2.14 A$3.07	$2.93 ISK358	+36.8%
Potatoes (1 lb)	$1.26 A$1.81	$1.78 ISK217	+40.5%
Onions (1 lb)	$1.14 A$1.63	$0.76 ISK92	-33.7%
Average			+40.0%

Bendigo vs. Reykjavik - Cost of groceries

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pay 77.4% more for transportation

	Bendigo	Reykjavik
Gasoline (1 gallon)	$4.68 A$6.70	$7.76 ISK948	+66.0%
Monthly public transit pass	$57.44 A$82.24	$94.80 ISK11,580	+65.0%
New Volkswagen Golf 1.4 (standard edition)	$26,952.50 A$38,591.78	$50,588.43 ISK6M	+87.7%
Taxi trip in downtown area (5 miles)	$15.32 A$21.93	$29.26 ISK3,574	+91.0%
Average			+77.4%

Bendigo vs. Reykjavik - Cost of transportation

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pay 72.8% more for housing

	Bendigo	Reykjavik
Internet connection 50 mbps or faster, cable/dsl	$56.47 A$80.85	$86.01 ISK10,506	+52.3%
1-Bedroom apartment in downtown area	$1,113.98 A$1,595.05	$2,522.88 ISK308K	+126.5%
1-Bedroom apartment outside city center	$835.49 A$1,196.29	$2,032.25 ISK248K	+143.2%
Utilities for two (700 sq ft apartment) including electric, gas, water, heating	$106.48 A$152.47	$73.44 ISK8,971	-31.0%
Average			+72.8%

Bendigo vs. Reykjavik - Cost of housing

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pay 29.1% less for childcare

	Bendigo	Reykjavik
Private preschool for 1 child, monthly	$2,144.42 A$3,070.47	$1,185.23 ISK145K	-44.7%
Middle school for 1 child, two semesters	$29,879.04 A$42,782.12	$25,853.51 ISK3M	-13.5%
Average			-29.1%

Bendigo vs. Reykjavik - Cost of childcare

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pay 24.5% more for entertainment and sports

	Bendigo	Reykjavik
Domestic/local beer (1 pint)	$9.75 A$13.96	$13.89 ISK1,697	+42.5%
Cappuccino in mid-range area	$4.02 A$5.75	$6.74 ISK824	+67.9%
Pack of cigarettes Marlboro or similar	$44.55 A$63.79	$13.89 ISK1,697	-68.8%
Monthly membership at local gym	??	$100.25 ISK12,246
Movie ticket to theater/cinema	$12.53 A$17.94	$19.57 ISK2,391	+56.2%
Average			+24.5%

Bendigo vs. Reykjavik - Cost of entertainment and sports

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pay 64.5% more for clothing

	Bendigo	Reykjavik
Regular jeans Levi's brand	$80.23 A$114.87	$149.01 ISK18,202	+85.7%
Regular dress from H&M or similar store	$49.88 A$71.43	$65.79 ISK8,036	+31.9%
Running shoes Nike or Adidas	$119.33 A$170.86	$181.84 ISK22,212	+52.4%
Men's business shoes (leather)	$132.46 A$189.66	$248.81 ISK30,392	+87.8%
Average			+64.5%

Bendigo vs. Reykjavik - 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: October 2026

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