Cost of living comparison
Australia is 37.7% more expensive than Iceland overall.
- Restaurants
-
pay 14.5% less in Australia
- Groceries
-
pay 5.9% less in Australia
- Transportation
-
pay 19.1% less in Australia
- Housing
-
pay 10.9% more in Australia
- Childcare
-
pay 4.1 times more in Australia
- Entertainment and Sports
-
pay 13.0% more in Australia
- Clothing
-
pay 30.7% less in Australia
The cost of childcare, entertainment and sports, and housing in Australia are more expensive than in Iceland. Expenses including clothing, transportation, restaurants, and groceries are lower in Australia. Notably, childcare is significantly more expensive in Australia.
If you lived in Australia instead of Iceland, you would:
pay 14.5% less for restaurants
Iceland
|
Australia
|
||
---|---|---|---|
Basic meal with drink at inexpensive restaurant |
$19.40
ISK2,705
|
$16.76
A$26.53
|
|
Fast food combo meal
McDonalds, or similar
|
$16.94
ISK2,362
|
$9.73
A$15.41
|
|
Bottle of Coca-Cola (11 fl. oz) |
$2.81
ISK392
|
$2.56
A$4.06
|
|
Bottle of water (11 fl. oz) |
$2.02
ISK282
|
$2.16
A$3.42
|
|
pay 5.9% less for groceries
Iceland
|
Australia
|
||
---|---|---|---|
Bread
1 loaf
|
$2.95
ISK412
|
$2.37
A$3.76
|
|
Local cheese (8 oz) |
$7.27
ISK1,013
|
$4.36
A$6.91
|
|
Milk (1 gallon) |
$6.01
ISK837
|
$5.80
A$9.18
|
|
Eggs
1 dozen
|
$5.42
ISK756
|
$4.07
A$6.45
|
|
Boneless chicken breast (1 lb) |
$8.51
ISK1,186
|
$3.94
A$6.24
|
|
Apples (1 lb) |
$1.22
ISK171
|
$1.45
A$2.30
|
|
Bananas (1 lb) |
$1.03
ISK143
|
$1.26
A$1.99
|
|
Oranges (1 lb) |
$1.17
ISK163
|
$1.35
A$2.14
|
|
Tomatoes (1 lb) |
$1.87
ISK261
|
$2.01
A$3.19
|
|
Potatoes (1 lb) |
$1.23
ISK172
|
$1.12
A$1.77
|
|
Onions (1 lb) |
$0.78
ISK109
|
$0.96
A$1.52
|
|
pay 19.1% less for transportation
Iceland
|
Australia
|
||
---|---|---|---|
Gasoline (1 gallon) |
$8.36
ISK1,166
|
$4.65
A$7.37
|
|
Monthly public transit pass |
$71.28
ISK9,938
|
$83.03
A$131.46
|
|
New Volkswagen Golf 1.4 (standard edition) |
$40,660.66
ISK5,669,316
|
$27,742.09
A$43,923.53
|
|
Taxi trip in downtown area (5 miles) |
$22.04
ISK3,073
|
$18.38
A$29.10
|
|
pay 10.9% more for housing
Iceland
|
Australia
|
||
---|---|---|---|
Internet connection
50 mbps or faster, cable/dsl
|
$72.17
ISK10,063
|
$55.59
A$88.02
|
|
1-Bedroom apartment in downtown area |
$1,838.04
ISK256,278
|
$1,182.30
A$1,871.92
|
|
1-Bedroom apartment outside city center |
$1,497.77
ISK208,834
|
$957.92
A$1,516.66
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$58.01
ISK8,089
|
$138.16
A$218.75
|
|
pay 4.1 times more for childcare
Iceland
|
Australia
|
||
---|---|---|---|
Private preschool for 1 child, monthly |
$258.16
ISK35,996
|
$1,485.91
A$2,352.62
|
|
Middle school for 1 child, two semesters |
$5,993.99
ISK835,743
|
$14,667.78
A$23,223.22
|
|
pay 13.0% more for entertainment and sports
Iceland
|
Australia
|
||
---|---|---|---|
Domestic/local beer (1 pint) |
$9.19
ISK1,281
|
$6.64
A$10.52
|
|
Cappuccino in mid-range area |
$4.65
ISK648
|
$3.55
A$5.61
|
|
Pack of cigarettes
Marlboro or similar
|
$11.76
ISK1,639
|
$28.07
A$44.45
|
|
Monthly membership at local gym |
$61.46
ISK8,569
|
$52.89
A$83.74
|
|
Movie ticket to theater/cinema |
$14.35
ISK2,001
|
$13.13
A$20.79
|
|
pay 30.7% less for clothing
Iceland
|
Australia
|
||
---|---|---|---|
Regular jeans
Levi's brand
|
$111.23
ISK15,509
|
$71.78
A$113.64
|
|
Regular dress
from H&M or similar store
|
$59.69
ISK8,322
|
$50.24
A$79.54
|
|
Running shoes
Nike or Adidas
|
$148.00
ISK20,636
|
$100.30
A$158.80
|
|
Men's business shoes (leather) |
$184.49
ISK25,724
|
$111.73
A$176.90
|
|
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