Cost of living comparison

compared to

Keflavik vs. Canberra Cost of Living Summary

Keflavik is 36.1% more expensive than Canberra.

Restaurants: pay 51.8% more in Keflavik
Groceries: pay 35.3% more in Keflavik
Transportation: pay 50.6% more in Keflavik
Housing: pay 8.5% more in Keflavik
Childcare: pay 24.6% more in Keflavik
Entertainment and Sports: pay 12.3% more in Keflavik
Clothing: pay 69.8% more in Keflavik

The cost of clothing, restaurants, transportation, groceries, childcare, and entertainment and sports in Keflavik are more expensive than in Canberra.

Keflavik vs. Canberra Cost Breakdown

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

Display currency: USD

pay 51.8% more for restaurants

	Canberra	Keflavik
Basic meal with drink at inexpensive restaurant	$16.34 A$24.57	$24.61 ISK3,110	+50.6%
Fast food combo meal McDonalds, or similar	$9.81 A$14.74	$20.51 ISK2,592	+109.1%
Bottle of Coca-Cola (11 fl. oz)	$2.59 A$3.89	$3.28 ISK415	+26.8%
Bottle of water (11 fl. oz)	$2.24 A$3.36	$2.70 ISK341	+20.5%
Average			+51.8%

Canberra vs. Keflavik - Cost of restaurants

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pay 35.3% more for groceries

	Canberra	Keflavik
Bread 1 loaf	$2.71 A$4.07	$4.63 ISK586	+71.3%
Local cheese (8 oz)	$4.99 A$7.50	$9.44 ISK1,193	+89.3%
Milk (1 gallon)	$5.50 A$8.26	$7.63 ISK964	+38.8%
Eggs 1 dozen	$4.31 A$6.49	$6.39 ISK808	+48.1%
Boneless chicken breast (1 lb)	$4.17 A$6.27	$10.98 ISK1,387	+163.1%
Apples (1 lb)	$1.48 A$2.22	$1.12 ISK141	-24.6%
Bananas (1 lb)	$1.35 A$2.02	$1.12 ISK141	-17.1%
Oranges (1 lb)	$1.33 A$2.01	$1.12 ISK141	-16.4%
Tomatoes (1 lb)	$1.86 A$2.80	$1.86 ISK235	+0.1%
Potatoes (1 lb)	$1.01 A$1.52	$1.45 ISK183	+43.4%
Onions (1 lb)	$1.04 A$1.57	$0.96 ISK121	-7.8%
Average			+35.3%

Canberra vs. Keflavik - Cost of groceries

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pay 50.6% more for transportation

	Canberra	Keflavik
Gasoline (1 gallon)	$4.42 A$6.64	$9.66 ISK1,221	+118.8%
Monthly public transit pass	$122.90 A$184.76	$76.28 ISK9,642	-37.9%
New Volkswagen Golf 1.4 (standard edition)	$29,041.09 A$43,657.68	$50,771.00 ISK6,417,454	+74.8%
Taxi trip in downtown area (5 miles)	$18.93 A$28.45	$27.74 ISK3,506	+46.6%
Average			+50.6%

Canberra vs. Keflavik - Cost of transportation

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pay 8.5% more for housing

	Canberra	Keflavik
Internet connection 50 mbps or faster, cable/dsl	$51.97 A$78.13	$81.97 ISK10,361	+57.7%
1-Bedroom apartment in downtown area	$1,554.45 A$2,336.81	$1,886.48 ISK238,451	+21.4%
1-Bedroom apartment outside city center	$1,160.39 A$1,744.42	$1,353.35 ISK171,063	+16.6%
Utilities for two (700 sq ft apartment) including electric, gas, water, heating	$159.03 A$239.07	$60.87 ISK7,694	-61.7%
Average			+8.5%

Canberra vs. Keflavik - Cost of housing

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pay 24.6% more for childcare

	Canberra	Keflavik
Private preschool for 1 child, monthly	$1,754.20 A$2,637.10	$327.78 ISK41,431	-81.3%
Middle school for 1 child, two semesters	$13,323.22 A$20,028.89	$30,711.08 ISK3,881,881	+130.5%
Average			+24.6%

Canberra vs. Keflavik - Cost of childcare

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pay 12.3% more for entertainment and sports

	Canberra	Keflavik
Domestic/local beer (1 pint)	$6.54 A$9.83	$8.20 ISK1,037	+25.5%
Cappuccino in mid-range area	$3.41 A$5.12	$4.10 ISK518	+20.4%
Pack of cigarettes Marlboro or similar	$31.05 A$46.68	$13.94 ISK1,761	-55.1%
Monthly membership at local gym	$58.70 A$88.24	$81.64 ISK10,320	+39.1%
Movie ticket to theater/cinema	$13.07 A$19.66	$17.18 ISK2,172	+31.4%
Average			+12.3%

Canberra vs. Keflavik - Cost of entertainment and sports

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pay 69.8% more for clothing

	Canberra	Keflavik
Regular jeans Levi's brand	$69.40 A$104.33	$145.10 ISK18,340	+109.1%
Regular dress from H&M or similar store	$57.75 A$86.81	$63.97 ISK8,086	+10.8%
Running shoes Nike or Adidas	$94.06 A$141.40	$185.91 ISK23,500	+97.7%
Men's business shoes (leather)	$118.40 A$177.99	$191.38 ISK24,191	+61.6%
Average			+69.8%

Canberra vs. Keflavik - 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: December 2025

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