Cost of living comparison
Australia is 21.8% more expensive than Reykjavik.
If you lived in Australia instead of Reykjavik, you would:
pay 15.3% less for restaurants
|
Reykjavik
|
Australia
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$18.40
kr2,511
|
$15.31
A$23.77
|
|
|
Fast food combo meal
McDonalds, or similar
|
$15.62
kr2,132
|
$8.98
A$13.94
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$2.53
kr346
|
$2.45
A$3.80
|
|
| Bottle of water (11 fl. oz) |
$2.03
kr276
|
$2.05
A$3.19
|
|
pay 15.8% less for groceries
|
Reykjavik
|
Australia
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$3.40
kr465
|
$2.00
A$3.11
|
|
| Local cheese (8 oz) |
$7.20
kr982
|
$4.24
A$6.58
|
|
| Milk (1 gallon) |
$5.90
kr804
|
$5.00
A$7.76
|
|
|
Eggs
1 dozen
|
$5.64
kr770
|
$3.52
A$5.46
|
|
| Boneless chicken breast (1 lb) |
$8.08
kr1,103
|
$3.56
A$5.52
|
|
| Apples (1 lb) |
$1.57
kr214
|
$1.44
A$2.23
|
|
| Bananas (1 lb) |
$0.93
kr127
|
$1.13
A$1.75
|
|
| Oranges (1 lb) |
$1.23
kr168
|
$1.31
A$2.04
|
|
| Tomatoes (1 lb) |
$2.22
kr302
|
$2.10
A$3.26
|
|
| Potatoes (1 lb) |
$1.24
kr170
|
$1.03
A$1.60
|
|
| Onions (1 lb) |
$0.69
kr94
|
$0.83
A$1.28
|
|
pay 27.0% less for transportation
|
Reykjavik
|
Australia
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$8.90
kr1,214
|
$4.95
A$7.68
|
|
| Monthly public transit pass |
$65.56
kr8,946
|
$81.92
A$127.17
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$37,150.35
kr5,069,537
|
$22,079.60
A$34,274.45
|
|
| Taxi trip in downtown area (5 miles) |
$29.44
kr4,018
|
$15.28
A$23.71
|
|
pay 1.3% less for housing
|
Reykjavik
|
Australia
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$64.04
kr8,739
|
$55.83
A$86.66
|
|
| 1-Bedroom apartment in downtown area |
$1,613.16
kr220,132
|
$1,119.19
A$1,737.34
|
|
| 1-Bedroom apartment outside city center |
$1,379.70
kr188,274
|
$889.00
A$1,380.00
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$69.31
kr9,459
|
$120.53
A$187.11
|
|
pay 3.4 times more for childcare
|
Reykjavik
|
Australia
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$282.44
kr38,541
|
$1,373.48
A$2,132.07
|
|
| Middle school for 1 child, two semesters |
$6,058.18
kr826,699
|
$11,458.00
A$17,786.40
|
|
pay 0.6% more for entertainment and sports
|
Reykjavik
|
Australia
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$9.47
kr1,292
|
$5.72
A$8.87
|
|
| Cappuccino in mid-range area |
$4.53
kr618
|
$3.30
A$5.12
|
|
|
Pack of cigarettes
Marlboro or similar
|
$11.66
kr1,590
|
$24.53
A$38.08
|
|
| Monthly membership at local gym |
$67.30
kr9,184
|
$46.71
A$72.51
|
|
| Movie ticket to theater/cinema |
$13.66
kr1,864
|
$12.25
A$19.02
|
|
pay 26.4% less for clothing
|
Reykjavik
|
Australia
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$108.17
kr14,760
|
$71.47
A$110.95
|
|
|
Regular dress
from H&M or similar store
|
$43.41
kr5,924
|
$41.82
A$64.91
|
|
|
Running shoes
Nike or Adidas
|
$137.74
kr18,796
|
$101.71
A$157.88
|
|
| Men's business shoes (leather) |
$182.49
kr24,903
|
$106.56
A$165.41
|
|
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