Cost of living comparison

compared to

Iceland vs. Canberra Cost of Living Summary

Iceland is 4.7% cheaper than Canberra.

Restaurants: pay 14.6% more in Iceland
Groceries: pay 3.3% more in Iceland
Transportation: pay 22.1% more in Iceland
Housing: pay 12.2% less in Iceland
Childcare: pay 72.3% less in Iceland
Entertainment and Sports: pay 1.7% less in Iceland
Clothing: pay 13.6% more in Iceland

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

Iceland vs. Canberra Cost Breakdown

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

Display currency: USD

pay 14.6% more for restaurants

	Canberra	Iceland
Basic meal with drink at inexpensive restaurant	$19.77 A$32.16	$19.40 ISK2,740	-1.9%
Fast food combo meal McDonalds, or similar	$9.89 A$16.08	$16.94 ISK2,393	+71.4%
Bottle of Coca-Cola (11 fl. oz)	$2.76 A$4.50	$2.81 ISK397	+1.7%
Bottle of water (11 fl. oz)	$2.32 A$3.77	$2.02 ISK286	-12.7%
Average			+14.6%

Canberra vs. Iceland - Cost of restaurants

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pay 3.3% more for groceries

	Canberra	Iceland
Bread 1 loaf	$2.59 A$4.21	$2.95 ISK417	+14.3%
Local cheese (8 oz)	$5.39 A$8.77	$7.27 ISK1,026	+34.8%
Milk (1 gallon)	$6.59 A$10.72	$6.01 ISK848	-8.9%
Eggs 1 dozen	$4.63 A$7.53	$5.42 ISK765	+17.1%
Boneless chicken breast (1 lb)	$4.12 A$6.70	$8.51 ISK1,202	+106.5%
Apples (1 lb)	$1.62 A$2.63	$1.22 ISK173	-24.4%
Bananas (1 lb)	$1.34 A$2.18	$1.03 ISK145	-23.5%
Oranges (1 lb)	$1.57 A$2.55	$1.17 ISK165	-25.3%
Tomatoes (1 lb)	$2.46 A$4.01	$1.87 ISK265	-24.0%
Potatoes (1 lb)	$1.25 A$2.03	$1.23 ISK174	-1.1%
Onions (1 lb)	$1.11 A$1.81	$0.78 ISK111	-29.5%
Average			+3.3%

Canberra vs. Iceland - Cost of groceries

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pay 22.1% more for transportation

	Canberra	Iceland
Gasoline (1 gallon)	$5.07 A$8.25	$8.36 ISK1,181	+64.8%
Monthly public transit pass	$118.63 A$192.98	$71.28 ISK10,067	-39.9%
New Volkswagen Golf 1.4 (standard edition)	$29,276.08 A$47,626.62	$40,660.66 ISK5,742,912	+38.9%
Taxi trip in downtown area (5 miles)	$17.66 A$28.73	$22.04 ISK3,112	+24.8%
Average			+22.1%

Canberra vs. Iceland - Cost of transportation

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pay 12.2% less for housing

	Canberra	Iceland
Internet connection 50 mbps or faster, cable/dsl	$65.39 A$106.37	$72.17 ISK10,194	+10.4%
1-Bedroom apartment in downtown area	$1,783.31 A$2,901.10	$1,838.04 ISK259,604	+3.1%
1-Bedroom apartment outside city center	$1,413.05 A$2,298.76	$1,497.77 ISK211,545	+6.0%
Utilities for two (700 sq ft apartment) including electric, gas, water, heating	$183.02 A$297.74	$58.01 ISK8,194	-68.3%
Average			-12.2%

Canberra vs. Iceland - Cost of housing

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pay 72.3% less for childcare

	Canberra	Iceland
Private preschool for 1 child, monthly	$1,847.17 A$3,004.99	$258.16 ISK36,463	-86.0%
Middle school for 1 child, two semesters	$14,503.36 A$23,594.22	$5,993.99 ISK846,592	-58.7%
Average			-72.3%

Canberra vs. Iceland - Cost of childcare

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pay 1.7% less for entertainment and sports

	Canberra	Iceland
Domestic/local beer (1 pint)	$7.25 A$11.79	$9.19 ISK1,298	+26.7%
Cappuccino in mid-range area	$3.68 A$5.99	$4.65 ISK657	+26.3%
Pack of cigarettes Marlboro or similar	$26.36 A$42.88	$11.76 ISK1,660	-55.4%
Monthly membership at local gym	$65.69 A$106.86	$61.46 ISK8,681	-6.4%
Movie ticket to theater/cinema	$14.33 A$23.32	$14.35 ISK2,027	+0.1%
Average			-1.7%

Canberra vs. Iceland - Cost of entertainment and sports

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pay 13.6% more for clothing

	Canberra	Iceland
Regular jeans Levi's brand	$86.77 A$141.16	$111.23 ISK15,710	+28.2%
Regular dress from H&M or similar store	$72.18 A$117.42	$59.69 ISK8,430	-17.3%
Running shoes Nike or Adidas	$119.51 A$194.42	$148.00 ISK20,903	+23.8%
Men's business shoes (leather)	$154.17 A$250.81	$184.49 ISK26,058	+19.7%
Average			+13.6%

Canberra vs. Iceland - 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: January 2025

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