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
ISK2,647
|
$16.79
A$24.62
|
|
|
Fast food combo meal
McDonalds, or similar
|
$16.45
ISK2,231
|
$9.81
A$14.38
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$2.70
ISK367
|
$2.56
A$3.76
|
|
| Bottle of water (11 fl. oz) |
$1.95
ISK265
|
$2.14
A$3.14
|
|
pay 2.2% less for groceries
|
Iceland
|
Australia
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$3.16
ISK428
|
$2.33
A$3.41
|
|
| Local cheese (8 oz) |
$6.72
ISK911
|
$4.71
A$6.91
|
|
| Milk (1 gallon) |
$6.27
ISK851
|
$5.75
A$8.43
|
|
|
Eggs
1 dozen
|
$6.03
ISK818
|
$3.86
A$5.66
|
|
| Boneless chicken breast (1 lb) |
$7.60
ISK1,031
|
$3.99
A$5.84
|
|
| Apples (1 lb) |
$1.13
ISK153
|
$1.43
A$2.09
|
|
| Bananas (1 lb) |
$1.01
ISK137
|
$1.25
A$1.83
|
|
| Oranges (1 lb) |
$1.15
ISK157
|
$1.39
A$2.03
|
|
| Tomatoes (1 lb) |
$1.71
ISK232
|
$2.00
A$2.94
|
|
| Potatoes (1 lb) |
$1.13
ISK153
|
$1.13
A$1.66
|
|
| Onions (1 lb) |
$0.68
ISK92
|
$0.95
A$1.39
|
|
pay 18.0% less for transportation
|
Iceland
|
Australia
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$8.42
ISK1,142
|
$4.73
A$6.93
|
|
| Monthly public transit pass |
$68.29
ISK9,265
|
$84.46
A$123.81
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$39,714.69
ISK5,387,695
|
$27,859.34
A$40,837.50
|
|
| Taxi trip in downtown area (5 miles) |
$23.23
ISK3,151
|
$18.12
A$26.57
|
|
pay 10.6% more for housing
|
Iceland
|
Australia
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$74.47
ISK10,103
|
$55.36
A$81.15
|
|
| 1-Bedroom apartment in downtown area |
$1,518.94
ISK206,059
|
$1,258.08
A$1,844.15
|
|
| 1-Bedroom apartment outside city center |
$1,325.48
ISK179,814
|
$971.44
A$1,423.99
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$66.99
ISK9,088
|
$141.88
A$207.98
|
|
pay 3.9 times more for childcare
|
Iceland
|
Australia
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$254.97
ISK34,589
|
$1,377.23
A$2,018.80
|
|
| Middle school for 1 child, two semesters |
$5,993.83
ISK813,122
|
$14,720.56
A$21,578.07
|
|
pay 17.0% more for entertainment and sports
|
Iceland
|
Australia
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$9.37
ISK1,272
|
$6.69
A$9.81
|
|
| Cappuccino in mid-range area |
$4.61
ISK626
|
$3.60
A$5.28
|
|
|
Pack of cigarettes
Marlboro or similar
|
$11.22
ISK1,522
|
$28.13
A$41.24
|
|
| Monthly membership at local gym |
$60.00
ISK8,140
|
$53.84
A$78.92
|
|
| Movie ticket to theater/cinema |
$13.94
ISK1,891
|
$13.24
A$19.41
|
|
pay 25.0% less for clothing
|
Iceland
|
Australia
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$108.23
ISK14,683
|
$75.27
A$110.34
|
|
|
Regular dress
from H&M or similar store
|
$59.73
ISK8,103
|
$54.30
A$79.60
|
|
|
Running shoes
Nike or Adidas
|
$146.94
ISK19,934
|
$102.43
A$150.15
|
|
| Men's business shoes (leather) |
$169.24
ISK22,959
|
$118.12
A$173.14
|
|
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