Cost of Living Comparison

  1. Cost of Living
  2. Iceland
  3. Reykjavik
  4. Australia
  5. Comparison
ISK
COMPARED TO
AUD

Australia is 32.4% more expensive than Reykjavik.

If you lived in Australia instead of Reykjavik, you would:
local_dining

pay 9.4% less for restaurants

  Reykjavik help_outline Australia help_outline  
Basic meal with drink at inexpensive restaurant $18.12
kr1,902
$15.68
A$20.28
-13.4%
Fast food combo meal
McDonalds, or similar
 $12.68
kr1,330
$8.54
A$11.04
-32.7%
Bottle of Coca-Cola (11 fl. oz) $2.65
kr278
$2.44
A$3.15
-8.0%
Bottle of water (11 fl. oz) $1.84
kr193
$2.14
A$2.77
+16.4%
Average -9.4%
Reykjavik vs. Australia - Cost of restaurants
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local_grocery_store

pay 2.3% less for groceries

  Reykjavik help_outline Australia help_outline  
Bread
1 loaf
 $3.32
kr348
$1.99
A$2.57
-40.2%
Local cheese (8 oz) $5.56
kr584
$3.95
A$5.10
-29.1%
Milk (1 gallon) $4.91
kr516
$4.77
A$6.16
-3.0%
Eggs
1 dozen
 $5.19
kr544
$3.47
A$4.49
-33.0%
Boneless chicken breast (1 lb) $6.38
kr670
$3.49
A$4.52
-45.3%
Apples (1 lb) $1.05
kr110
$1.42
A$1.83
+34.7%
Bananas (1 lb) $0.78
kr81
$1.11
A$1.43
+42.4%
Oranges (1 lb) $1.00
kr105
$1.25
A$1.62
+25.2%
Tomatoes (1 lb) $1.88
kr197
$1.76
A$2.27
-6.3%
Potatoes (1 lb) $1.03
kr109
$1.13
A$1.46
+8.9%
Onions (1 lb) $0.81
kr85
$0.97
A$1.26
+20.0%
Average -2.3%
Reykjavik vs. Australia - Cost of groceries
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drive_eta

pay 24.4% less for transportation

  Reykjavik help_outline Australia help_outline  
Gasoline (1 gallon) $6.25
kr656
$4.02
A$5.20
-35.7%
Monthly public transit pass $92.77
kr9,736
$100.86
A$130.43
+8.7%
New Volkswagen Golf 1.4 (standard edition) $27,467.75
kr2,882,740
$19,752.66
A$25,544.08
-28.1%
Taxi trip in downtown area (5 miles) $25.36
kr2,661
$14.63
A$18.92
-42.3%
Average -24.4%
Reykjavik vs. Australia - Cost of transportation
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home

pay 6.6% more for housing

  Reykjavik help_outline Australia help_outline  
Internet connection
50 mbps or faster, cable/dsl
 $61.15
kr6,418
$54.94
A$71.05
-10.2%
1-Bedroom apartment in downtown area $1,445.24
kr151,678
$1,058.57
A$1,368.94
-26.8%
1-Bedroom apartment outside city center $1,188.58
kr124,741
$831.74
A$1,075.60
-30.0%
Utilities for two (700 sq ft apartment)
including electric, gas, water, heating
 $71.69
kr7,524
$138.56
A$179.19
+93.3%
Average +6.6%
Reykjavik vs. Australia - Cost of housing
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child_care

pay 3.7 times more for childcare

  Reykjavik help_outline Australia help_outline  
Private preschool for 1 child, monthly $250.90
kr26,332
$1,355.52
A$1,752.96
+440.3%
Middle school for 1 child, two semesters $6,232.79
kr654,131
$12,503.04
A$16,168.89
+100.6%
Average +270.4%
Reykjavik vs. Australia - Cost of childcare
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gamepad

pay 11.2% more for entertainment and sports

  Reykjavik help_outline Australia help_outline  
Domestic/local beer (1 pint) $8.70
kr913
$5.90
A$7.64
-32.1%
Cappuccino in mid-range area $4.26
kr447
$3.32
A$4.29
-22.1%
Pack of cigarettes
Marlboro or similar
 $11.01
kr1,155
$22.58
A$29.20
+105.1%
Monthly membership at local gym $51.86
kr5,443
$49.62
A$64.16
-4.3%
Movie ticket to theater/cinema $11.78
kr1,236
$12.86
A$16.63
+9.2%
Average +11.2%
Reykjavik vs. Australia - Cost of entertainment and sports
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store

pay 25.6% less for clothing

  Reykjavik help_outline Australia help_outline  
Regular jeans
Levi's brand
 $107.09
kr11,239
$70.05
A$90.59
-34.6%
Regular dress
from H&M or similar store
 $44.81
kr4,703
$43.47
A$56.22
-3.0%
Running shoes
Nike or Adidas
 $126.28
kr13,253
$97.68
A$126.32
-22.6%
Men's business shoes (leather) $165.08
kr17,326
$95.39
A$123.36
-42.2%
Average -25.6%
Reykjavik vs. Australia - 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: March 2021
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