Cost of living comparison

compared to

Alice Springs vs. Reykjavik Cost of Living Summary

Alice Springs is 8.1% cheaper than Reykjavik.

Restaurants: pay 34.7% less in Alice Springs
Groceries: pay 5.3% less in Alice Springs
Transportation: pay 44.1% less in Alice Springs
Housing: pay 4.4% less in Alice Springs
Childcare: pay 2.1 times more in Alice Springs
Entertainment and Sports: pay 23.1% less in Alice Springs
Clothing: pay 53.6% less in Alice Springs

Expenses including clothing, transportation, restaurants, entertainment and sports, groceries, and housing are lower in Alice Springs. Notably, childcare is significantly more expensive in Alice Springs.

Alice Springs vs. Reykjavik Cost Breakdown

If you lived in Alice Springs instead of Reykjavik, you would:

Display currency: USD

pay 34.7% less for restaurants

	Reykjavik	Alice Springs
Basic meal with drink at inexpensive restaurant	$27.48 ISK3,473	$13.08 A$19.67	-52.4%
Fast food combo meal McDonalds, or similar	$22.76 ISK2,877	$9.81 A$14.75	-56.9%
Bottle of Coca-Cola (11 fl. oz)	$3.34 ISK422	$2.55 A$3.84	-23.5%
Bottle of water (11 fl. oz)	$2.70 ISK341	$2.53 A$3.81	-6.0%
Average			-34.7%

Reykjavik vs. Alice Springs - Cost of restaurants

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pay 5.3% less for groceries

	Reykjavik	Alice Springs
Bread 1 loaf	$4.63 ISK586	$2.19 A$3.29	-52.7%
Local cheese (8 oz)	$9.44 ISK1,193	??
Milk (1 gallon)	$7.63 ISK964	$5.39 A$8.10	-29.4%
Eggs 1 dozen	$6.50 ISK822	$4.67 A$7.02	-28.2%
Boneless chicken breast (1 lb)	$11.29 ISK1,427	$5.74 A$8.62	-49.2%
Apples (1 lb)	$1.59 ISK201	$1.61 A$2.42	+1.4%
Bananas (1 lb)	$1.17 ISK148	$1.93 A$2.90	+64.9%
Oranges (1 lb)	$1.49 ISK188	$1.87 A$2.81	+25.6%
Tomatoes (1 lb)	$2.54 ISK321	$3.26 A$4.91	+28.7%
Potatoes (1 lb)	$1.70 ISK214	$1.48 A$2.23	-12.6%
Onions (1 lb)	$1.13 ISK143	$1.11 A$1.67	-2.0%
Average			-5.3%

Reykjavik vs. Alice Springs - Cost of groceries

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pay 44.1% less for transportation

	Reykjavik	Alice Springs
Gasoline (1 gallon)	$9.66 ISK1,221	$4.90 A$7.36	-49.3%
Monthly public transit pass	$88.58 ISK11,197	$56.88 A$85.52	-35.8%
New Volkswagen Golf 1.4 (standard edition)	$50,771.00 ISK6,417,454	$29,772.43 A$44,757.10	-41.4%
Taxi trip in downtown area (5 miles)	$28.07 ISK3,548	$14.04 A$21.10	-50.0%
Average			-44.1%

Reykjavik vs. Alice Springs - Cost of transportation

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pay 4.4% less for housing

	Reykjavik	Alice Springs
Internet connection 50 mbps or faster, cable/dsl	$81.97 ISK10,361	$66.07 A$99.33	-19.4%
1-Bedroom apartment in downtown area	$2,259.48 ISK285,599	$619.28 A$930.97	-72.6%
1-Bedroom apartment outside city center	$2,034.90 ISK257,212	$567.50 A$853.12	-72.1%
Utilities for two (700 sq ft apartment) including electric, gas, water, heating	$60.87 ISK7,694	$150.08 A$225.61	+146.5%
Average			-4.4%

Reykjavik vs. Alice Springs - Cost of housing

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pay 2.1 times more for childcare

	Reykjavik	Alice Springs
Private preschool for 1 child, monthly	$327.78 ISK41,431	$1,338.88 A$2,012.74	+308.5%
Middle school for 1 child, two semesters	$30,711.08 ISK3,881,881	$2,763.88 A$4,154.97	-91.0%
Average			+108.8%

Reykjavik vs. Alice Springs - Cost of childcare

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pay 23.1% less for entertainment and sports

	Reykjavik	Alice Springs
Domestic/local beer (1 pint)	$13.12 ISK1,659	$6.05 A$9.10	-53.9%
Cappuccino in mid-range area	$6.17 ISK780	$3.68 A$5.53	-40.4%
Pack of cigarettes Marlboro or similar	$13.94 ISK1,761	$17.66 A$26.55	+26.7%
Monthly membership at local gym	$87.35 ISK11,041	$66.51 A$99.98	-23.9%
Movie ticket to theater/cinema	$17.18 ISK2,172	$13.08 A$19.67	-23.9%
Average			-23.1%

Reykjavik vs. Alice Springs - Cost of entertainment and sports

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pay 53.6% less for clothing

	Reykjavik	Alice Springs
Regular jeans Levi's brand	$145.10 ISK18,340	$71.96 A$108.18	-50.4%
Regular dress from H&M or similar store	$63.97 ISK8,086	$11.45 A$17.21	-82.1%
Running shoes Nike or Adidas	$193.43 ISK24,449	$141.74 A$213.08	-26.7%
Men's business shoes (leather)	$248.79 ISK31,447	$111.21 A$167.18	-55.3%
Average			-53.6%

Reykjavik vs. Alice Springs - Cost of clothing

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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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