Cost of living comparison
compared to
Reykjavik vs. Mackay Cost of Living Summary
Reykjavik is 37.6% more expensive than Mackay.
- Restaurants
-
pay 42.9% more in Reykjavik
- Groceries
-
pay 63.2% more in Reykjavik
- Transportation
-
pay 55.0% more in Reykjavik
- Housing
-
pay 65.2% more in Reykjavik
- Childcare
-
pay 81.2% less in Reykjavik
- Entertainment and Sports
-
pay 23.7% more in Reykjavik
- Clothing
-
pay 94.7% more in Reykjavik
The cost of clothing, housing, groceries, transportation, restaurants, and entertainment and sports in Reykjavik are more expensive than in Mackay. Notably, clothing is significantly more expensive in Reykjavik.
Reykjavik vs. Mackay Cost Breakdown
If you lived in Reykjavik instead of Mackay, you would:
pay 42.9% more for restaurants
|
Mackay
|
Reykjavik
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$16.35
A$24.62
|
$27.48
ISK3,517
|
|
|
Fast food combo meal
McDonalds, or similar
|
$11.78
A$17.73
|
$22.76
ISK2,913
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$3.11
A$4.68
|
$3.34
ISK427
|
|
| Bottle of water (11 fl. oz) |
$2.62
A$3.94
|
$2.70
ISK345
|
|
Mackay vs. Reykjavik - Cost of restaurants
pay 63.2% more for groceries
|
Mackay
|
Reykjavik
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$2.16
A$3.25
|
$4.63
ISK593
|
|
| Local cheese (8 oz) |
$4.47
A$6.73
|
$9.44
ISK1,208
|
|
| Milk (1 gallon) |
$5.08
A$7.64
|
$7.63
ISK976
|
|
|
Eggs
1 dozen
|
$4.98
A$7.50
|
$6.50
ISK832
|
|
| Boneless chicken breast (1 lb) |
$3.66
A$5.51
|
$11.29
ISK1,445
|
|
| Apples (1 lb) |
$1.57
A$2.37
|
$1.59
ISK204
|
|
| Bananas (1 lb) |
$1.29
A$1.94
|
$1.17
ISK150
|
|
| Oranges (1 lb) |
$1.33
A$2.00
|
$1.49
ISK190
|
|
| Tomatoes (1 lb) |
$2.15
A$3.24
|
$2.54
ISK325
|
|
| Potatoes (1 lb) |
$0.82
A$1.23
|
$1.70
ISK217
|
|
| Onions (1 lb) |
$0.75
A$1.13
|
$1.13
ISK145
|
|
Mackay vs. Reykjavik - Cost of groceries
pay 55.0% more for transportation
|
Mackay
|
Reykjavik
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$4.45
A$6.70
|
$9.66
ISK1,236
|
|
| Monthly public transit pass |
$65.42
A$98.49
|
$88.58
ISK11,337
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$37,614.99
A$56,632.03
|
$50,771.00
ISK6,497,672
|
|
| Taxi trip in downtown area (5 miles) |
$21.13
A$31.81
|
$28.07
ISK3,592
|
|
Mackay vs. Reykjavik - Cost of transportation
pay 65.2% more for housing
|
Mackay
|
Reykjavik
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$73.92
A$111.29
|
$81.97
ISK10,490
|
|
| 1-Bedroom apartment in downtown area |
$910.39
A$1,370.66
|
$2,259.48
ISK289,169
|
|
| 1-Bedroom apartment outside city center |
$786.10
A$1,183.53
|
$2,034.90
ISK260,427
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$142.57
A$214.65
|
$60.87
ISK7,791
|
|
Mackay vs. Reykjavik - Cost of housing
pay 81.2% less for childcare
|
Mackay
|
Reykjavik
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$1,740.10
A$2,619.85
|
$327.78
ISK41,949
|
|
| Middle school for 1 child, two semesters | ?? |
$30,711.08
ISK3,930,404
|
|
Mackay vs. Reykjavik - Cost of childcare
pay 23.7% more for entertainment and sports
|
Mackay
|
Reykjavik
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$6.54
A$9.85
|
$13.12
ISK1,680
|
|
| Cappuccino in mid-range area |
$3.99
A$6.01
|
$6.17
ISK790
|
|
|
Pack of cigarettes
Marlboro or similar
|
$39.25
A$59.09
|
$13.94
ISK1,783
|
|
| Monthly membership at local gym |
$74.58
A$112.28
|
$87.35
ISK11,179
|
|
| Movie ticket to theater/cinema |
$15.54
A$23.39
|
$17.18
ISK2,199
|
|
Mackay vs. Reykjavik - Cost of entertainment and sports
pay 94.7% more for clothing
|
Mackay
|
Reykjavik
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$67.60
A$101.77
|
$145.10
ISK18,569
|
|
|
Regular dress
from H&M or similar store
|
$47.43
A$71.41
|
$63.97
ISK8,187
|
|
|
Running shoes
Nike or Adidas
|
$112.03
A$168.66
|
$193.43
ISK24,755
|
|
| Men's business shoes (leather) |
$97.04
A$146.09
|
$248.79
ISK31,840
|
|
Mackay vs. Reykjavik - Cost of clothing
The statistics used to build this comparison are calculated using data from users just like you.
We average the price of thousands of data points entered by users across the world.
Learn more about our data sources. Page last updated: December 2025
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