Cost of living comparison
Australia is 37.5% more expensive than Iceland.
If you lived in Australia instead of Iceland, you would:
pay 12.5% less for restaurants
Iceland
|
Australia
|
||
---|---|---|---|
Basic meal with drink at inexpensive restaurant |
$19.51
ISK2,708
|
$16.79
A$25.13
|
|
Fast food combo meal
McDonalds, or similar
|
$16.45
ISK2,283
|
$9.81
A$14.69
|
|
Bottle of Coca-Cola (11 fl. oz) |
$2.70
ISK375
|
$2.56
A$3.84
|
|
Bottle of water (11 fl. oz) |
$1.95
ISK271
|
$2.14
A$3.20
|
|
pay 2.2% less for groceries
Iceland
|
Australia
|
||
---|---|---|---|
Bread
1 loaf
|
$3.16
ISK438
|
$2.33
A$3.48
|
|
Local cheese (8 oz) |
$6.72
ISK932
|
$4.71
A$7.05
|
|
Milk (1 gallon) |
$6.27
ISK870
|
$5.75
A$8.61
|
|
Eggs
1 dozen
|
$6.03
ISK837
|
$3.86
A$5.78
|
|
Boneless chicken breast (1 lb) |
$7.60
ISK1,055
|
$3.99
A$5.97
|
|
Apples (1 lb) |
$1.13
ISK156
|
$1.43
A$2.14
|
|
Bananas (1 lb) |
$1.01
ISK140
|
$1.25
A$1.87
|
|
Oranges (1 lb) |
$1.15
ISK160
|
$1.39
A$2.07
|
|
Tomatoes (1 lb) |
$1.71
ISK238
|
$2.00
A$3.00
|
|
Potatoes (1 lb) |
$1.13
ISK157
|
$1.13
A$1.69
|
|
Onions (1 lb) |
$0.68
ISK95
|
$0.95
A$1.42
|
|
pay 18.0% less for transportation
Iceland
|
Australia
|
||
---|---|---|---|
Gasoline (1 gallon) |
$8.42
ISK1,169
|
$4.73
A$7.08
|
|
Monthly public transit pass |
$68.29
ISK9,478
|
$84.46
A$126.40
|
|
New Volkswagen Golf 1.4 (standard edition) |
$39,714.69
ISK5,511,605
|
$27,859.34
A$41,693.12
|
|
Taxi trip in downtown area (5 miles) |
$23.23
ISK3,224
|
$18.12
A$27.13
|
|
pay 10.6% more for housing
Iceland
|
Australia
|
||
---|---|---|---|
Internet connection
50 mbps or faster, cable/dsl
|
$74.47
ISK10,335
|
$55.36
A$82.85
|
|
1-Bedroom apartment in downtown area |
$1,518.94
ISK210,798
|
$1,258.08
A$1,882.79
|
|
1-Bedroom apartment outside city center |
$1,325.48
ISK183,950
|
$971.44
A$1,453.82
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$66.99
ISK9,297
|
$141.88
A$212.34
|
|
pay 3.9 times more for childcare
Iceland
|
Australia
|
||
---|---|---|---|
Private preschool for 1 child, monthly |
$254.97
ISK35,384
|
$1,377.23
A$2,061.10
|
|
Middle school for 1 child, two semesters |
$5,993.83
ISK831,823
|
$14,720.56
A$22,030.17
|
|
pay 17.0% more for entertainment and sports
Iceland
|
Australia
|
||
---|---|---|---|
Domestic/local beer (1 pint) |
$9.37
ISK1,301
|
$6.69
A$10.02
|
|
Cappuccino in mid-range area |
$4.61
ISK640
|
$3.60
A$5.39
|
|
Pack of cigarettes
Marlboro or similar
|
$11.22
ISK1,557
|
$28.13
A$42.10
|
|
Monthly membership at local gym |
$60.00
ISK8,327
|
$53.84
A$80.58
|
|
Movie ticket to theater/cinema |
$13.94
ISK1,935
|
$13.24
A$19.82
|
|
pay 25.0% less for clothing
Iceland
|
Australia
|
||
---|---|---|---|
Regular jeans
Levi's brand
|
$108.23
ISK15,020
|
$75.27
A$112.65
|
|
Regular dress
from H&M or similar store
|
$59.73
ISK8,290
|
$54.30
A$81.27
|
|
Running shoes
Nike or Adidas
|
$146.94
ISK20,392
|
$102.43
A$153.29
|
|
Men's business shoes (leather) |
$169.24
ISK23,487
|
$118.12
A$176.77
|
|
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