Cost of living comparison
Australia is 45.4% more expensive than Iceland.
If you lived in Australia instead of Iceland, you would:
pay 12.2% less for restaurants
|
Iceland
|
Australia
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$17.84
kr2,513
|
$15.31
A$23.13
|
|
|
Fast food combo meal
McDonalds, or similar
|
$14.27
kr2,010
|
$8.98
A$13.57
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$2.32
kr327
|
$2.45
A$3.70
|
|
| Bottle of water (11 fl. oz) |
$2.12
kr299
|
$2.05
A$3.10
|
|
pay 2.8% less for groceries
|
Iceland
|
Australia
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$3.42
kr482
|
$2.00
A$3.02
|
|
| Local cheese (8 oz) |
$5.98
kr843
|
$4.24
A$6.40
|
|
| Milk (1 gallon) |
$5.33
kr750
|
$5.00
A$7.55
|
|
|
Eggs
1 dozen
|
$5.66
kr797
|
$3.52
A$5.31
|
|
| Boneless chicken breast (1 lb) |
$7.09
kr999
|
$3.56
A$5.37
|
|
| Apples (1 lb) |
$1.16
kr164
|
$1.44
A$2.17
|
|
| Bananas (1 lb) |
$0.98
kr138
|
$1.13
A$1.70
|
|
| Oranges (1 lb) |
$1.17
kr165
|
$1.31
A$1.98
|
|
| Tomatoes (1 lb) |
$1.84
kr259
|
$2.10
A$3.17
|
|
| Potatoes (1 lb) |
$0.96
kr135
|
$1.03
A$1.56
|
|
| Onions (1 lb) |
$0.51
kr72
|
$0.83
A$1.25
|
|
pay 23.7% less for transportation
|
Iceland
|
Australia
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$8.03
kr1,132
|
$4.95
A$7.47
|
|
| Monthly public transit pass |
$77.40
kr10,905
|
$81.92
A$123.75
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$29,836.83
kr4,204,009
|
$22,079.60
A$33,352.87
|
|
| Taxi trip in downtown area (5 miles) |
$23.97
kr3,377
|
$15.28
A$23.07
|
|
pay 4.0% more for housing
|
Iceland
|
Australia
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$62.40
kr8,793
|
$55.83
A$84.33
|
|
| 1-Bedroom apartment in downtown area |
$1,437.14
kr202,493
|
$1,119.19
A$1,690.62
|
|
| 1-Bedroom apartment outside city center |
$1,215.63
kr171,282
|
$889.00
A$1,342.89
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$68.63
kr9,670
|
$120.53
A$182.08
|
|
pay 4.7 times more for childcare
|
Iceland
|
Australia
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$259.34
kr36,542
|
$1,373.48
A$2,074.75
|
|
| Middle school for 1 child, two semesters |
$2,750.10
kr387,489
|
$11,458.00
A$17,308.16
|
|
pay 11.8% more for entertainment and sports
|
Iceland
|
Australia
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$8.52
kr1,201
|
$5.72
A$8.63
|
|
| Cappuccino in mid-range area |
$4.15
kr585
|
$3.30
A$4.98
|
|
|
Pack of cigarettes
Marlboro or similar
|
$10.64
kr1,498
|
$24.53
A$37.06
|
|
| Monthly membership at local gym |
$56.90
kr8,018
|
$46.71
A$70.56
|
|
| Movie ticket to theater/cinema |
$12.27
kr1,729
|
$12.25
A$18.51
|
|
pay 32.1% less for clothing
|
Iceland
|
Australia
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$118.08
kr16,637
|
$71.47
A$107.96
|
|
|
Regular dress
from H&M or similar store
|
$50.39
kr7,100
|
$41.82
A$63.17
|
|
|
Running shoes
Nike or Adidas
|
$151.12
kr21,292
|
$101.71
A$153.64
|
|
| Men's business shoes (leather) |
$175.20
kr24,685
|
$106.56
A$160.97
|
|
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