Cost of living comparison

Australia

compared to

Iceland

Iceland vs. Orange Cost of Living Summary

Iceland is 55.4% more expensive than Orange.

Restaurants: pay 86.7% more in Iceland
Groceries: pay 45.1% more in Iceland
Transportation: pay 7.6% more in Iceland
Housing: pay 2.3 times more in Iceland
Childcare: pay 61.5% less in Iceland
Entertainment and Sports: pay 35.8% more in Iceland
Clothing: pay 56.8% more in Iceland

The cost of housing, restaurants, clothing, groceries, entertainment and sports, and transportation in Iceland are more expensive than in Orange. Notably, housing and restaurants are significantly more expensive in Iceland.

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Iceland vs. Orange Cost Breakdown

If you lived in Iceland instead of Orange, you would:

Display currency: USD

pay 86.7% more for restaurants

	Orange	Iceland
Basic meal with drink at inexpensive restaurant	$14.27 A$20.77	$28.88 ISK3,546	+102.3%
Fast food combo meal McDonalds, or similar	$10.44 A$15.20	$22.83 ISK2,804	+118.6%
Bottle of Coca-Cola (11 fl. oz)	$3.13 A$4.56	$3.25 ISK399	+3.6%
Bottle of water (11 fl. oz)	$2.23 A$3.24	$3.01 ISK370	+35.1%
Average			+86.7%

Orange vs. Iceland - Cost of restaurants

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pay 45.1% more for groceries

	Orange	Iceland
Bread 1 loaf	$2.87 A$4.18	$3.55 ISK436	+23.7%
Local cheese (8 oz)	$4.18 A$6.08	$10.11 ISK1,242	+142.1%
Milk (1 gallon)	$4.40 A$6.41	$7.79 ISK957	+77.0%
Eggs 1 dozen	$3.90 A$5.67	$6.92 ISK850	+77.6%
Boneless chicken breast (1 lb)	$3.95 A$5.75	$11.01 ISK1,352	+178.9%
Apples (1 lb)	$1.34 A$1.95	$1.43 ISK175	+6.4%
Bananas (1 lb)	$1.14 A$1.65	$1.23 ISK150	+7.9%
Oranges (1 lb)	$1.53 A$2.22	$1.42 ISK174	-7.2%
Tomatoes (1 lb)	$1.74 A$2.53	$2.60 ISK320	+49.9%
Potatoes (1 lb)	$0.79 A$1.15	$1.71 ISK210	+116.5%
Onions (1 lb)	$1.14 A$1.67	$0.76 ISK93	-33.9%
Average			+45.1%

Orange vs. Iceland - Cost of groceries

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pay 7.6% more for transportation

	Orange	Iceland
Gasoline (1 gallon)	$5.08 A$7.40	$8.09 ISK993	+59.0%
Monthly public transit pass	$191.47 A$278.66	$80.58 ISK9,895	-57.9%
New Volkswagen Golf 1.4 (standard edition)	$29,165.50 A$42,447.24	$48,967.53 ISK6M	+67.9%
Taxi trip in downtown area (5 miles)	$34.81 A$50.67	$26.24 ISK3,222	-24.6%
Average			+7.6%

Orange vs. Iceland - Cost of transportation

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pay 2.3 times more for housing

	Orange	Iceland
Internet connection 50 mbps or faster, cable/dsl	$50.13 A$72.96	$98.24 ISK12,063	+96.0%
1-Bedroom apartment in downtown area	$823.88 A$1,199.07	$2,335.24 ISK287K	+183.4%
1-Bedroom apartment outside city center	$602.25 A$876.51	$1,824.40 ISK224K	+202.9%
Utilities for two (700 sq ft apartment) including electric, gas, water, heating	$124.05 A$180.55	$72.34 ISK8,882	-41.7%
Average			+125.4%

Orange vs. Iceland - Cost of housing

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pay 61.5% less for childcare

	Orange	Iceland
Private preschool for 1 child, monthly	$2,167.40 A$3,154.41	$833.66 ISK102K	-61.5%
Middle school for 1 child, two semesters	??	$27,752.37 ISK3M
Average			-61.5%

Orange vs. Iceland - Cost of childcare

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pay 35.8% more for entertainment and sports

	Orange	Iceland
Domestic/local beer (1 pint)	$6.96 A$10.13	$11.37 ISK1,397	+63.4%
Cappuccino in mid-range area	$3.48 A$5.07	$5.90 ISK724	+69.4%
Pack of cigarettes Marlboro or similar	$34.53 A$50.25	$13.85 ISK1,701	-59.9%
Monthly membership at local gym	$52.22 A$76.00	$83.64 ISK10,271	+60.2%
Movie ticket to theater/cinema	$13.23 A$19.25	$17.92 ISK2,200	+35.5%
Average			+35.8%

Orange vs. Iceland - Cost of entertainment and sports

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pay 56.8% more for clothing

	Orange	Iceland
Regular jeans Levi's brand	$55.00 A$80.05	$134.47 ISK16,511	+144.5%
Regular dress from H&M or similar store	$61.50 A$89.51	$63.25 ISK7,766	+2.8%
Running shoes Nike or Adidas	$143.89 A$209.42	$159.03 ISK19,527	+10.5%
Men's business shoes (leather)	$109.08 A$158.75	$237.19 ISK29,124	+117.4%
Average			+56.8%

Orange vs. Iceland - Cost of clothing

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We average the price of thousands of data points entered by users across the world. Sources: MyLifeElsewhere's cost-of-living dataset (prices updated November 2026). How we calculate this

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