Cost of living comparison
Melbourne is 50.5% more expensive than Iceland.
If you lived in Melbourne instead of Iceland, you would:
pay 10.0% less for restaurants
Iceland
|
Melbourne
|
||
---|---|---|---|
Basic meal with drink at inexpensive restaurant |
$19.51
ISK2,699
|
$16.61
A$24.79
|
|
Fast food combo meal
McDonalds, or similar
|
$16.45
ISK2,275
|
$9.97
A$14.88
|
|
Bottle of Coca-Cola (11 fl. oz) |
$2.70
ISK374
|
$2.58
A$3.85
|
|
Bottle of water (11 fl. oz) |
$1.95
ISK270
|
$2.32
A$3.47
|
|
pay 5.9% less for groceries
Iceland
|
Melbourne
|
||
---|---|---|---|
Bread
1 loaf
|
$3.16
ISK436
|
$2.65
A$3.96
|
|
Local cheese (8 oz) |
$6.72
ISK929
|
$4.93
A$7.36
|
|
Milk (1 gallon) |
$6.27
ISK867
|
$5.53
A$8.26
|
|
Eggs
1 dozen
|
$6.03
ISK834
|
$3.86
A$5.76
|
|
Boneless chicken breast (1 lb) |
$7.60
ISK1,051
|
$3.97
A$5.93
|
|
Apples (1 lb) |
$1.13
ISK156
|
$1.38
A$2.06
|
|
Bananas (1 lb) |
$1.01
ISK140
|
$1.15
A$1.72
|
|
Oranges (1 lb) |
$1.15
ISK160
|
$1.20
A$1.79
|
|
Tomatoes (1 lb) |
$1.71
ISK237
|
$1.64
A$2.45
|
|
Potatoes (1 lb) |
$1.13
ISK156
|
$1.03
A$1.54
|
|
Onions (1 lb) |
$0.68
ISK94
|
$0.99
A$1.47
|
|
pay 1.2% less for transportation
Iceland
|
Melbourne
|
||
---|---|---|---|
Gasoline (1 gallon) |
$8.42
ISK1,164
|
$4.83
A$7.21
|
|
Monthly public transit pass |
$68.29
ISK9,444
|
$126.80
A$189.23
|
|
New Volkswagen Golf 1.4 (standard edition) |
$39,714.69
ISK5,492,145
|
$26,915.83
A$40,166.89
|
|
Taxi trip in downtown area (5 miles) |
$23.23
ISK3,212
|
$19.61
A$29.26
|
|
pay 11.8% more for housing
Iceland
|
Melbourne
|
||
---|---|---|---|
Internet connection
50 mbps or faster, cable/dsl
|
$74.47
ISK10,299
|
$53.17
A$79.34
|
|
1-Bedroom apartment in downtown area |
$1,518.94
ISK210,054
|
$1,491.94
A$2,226.45
|
|
1-Bedroom apartment outside city center |
$1,325.48
ISK183,300
|
$1,204.80
A$1,797.94
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$66.99
ISK9,264
|
$125.04
A$186.59
|
|
pay 4.6 times more for childcare
Iceland
|
Melbourne
|
||
---|---|---|---|
Private preschool for 1 child, monthly |
$254.97
ISK35,259
|
$1,542.90
A$2,302.49
|
|
Middle school for 1 child, two semesters |
$5,993.83
ISK828,886
|
$19,264.75
A$28,749.08
|
|
pay 20.5% more for entertainment and sports
Iceland
|
Melbourne
|
||
---|---|---|---|
Domestic/local beer (1 pint) |
$9.37
ISK1,296
|
$6.65
A$9.92
|
|
Cappuccino in mid-range area |
$4.61
ISK638
|
$3.40
A$5.07
|
|
Pack of cigarettes
Marlboro or similar
|
$11.22
ISK1,551
|
$29.91
A$44.63
|
|
Monthly membership at local gym |
$60.00
ISK8,298
|
$51.92
A$77.48
|
|
Movie ticket to theater/cinema |
$13.94
ISK1,928
|
$14.62
A$21.82
|
|
pay 24.7% less for clothing
Iceland
|
Melbourne
|
||
---|---|---|---|
Regular jeans
Levi's brand
|
$108.23
ISK14,967
|
$79.63
A$118.83
|
|
Regular dress
from H&M or similar store
|
$59.73
ISK8,260
|
$52.42
A$78.23
|
|
Running shoes
Nike or Adidas
|
$146.94
ISK20,320
|
$105.56
A$157.52
|
|
Men's business shoes (leather) |
$169.24
ISK23,404
|
$115.21
A$171.93
|
|
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