Cost of living comparison
Australia is 36.6% more expensive than Reykjavik.
If you lived in Australia instead of Reykjavik, you would:
pay 18.4% less for restaurants
Reykjavik
|
Australia
|
||
---|---|---|---|
Basic meal with drink at inexpensive restaurant |
$21.59
ISK2,966
|
$16.79
A$25.03
|
|
Fast food combo meal
McDonalds, or similar
|
$17.27
ISK2,373
|
$9.81
A$14.63
|
|
Bottle of Coca-Cola (11 fl. oz) |
$2.90
ISK399
|
$2.56
A$3.82
|
|
Bottle of water (11 fl. oz) |
$2.07
ISK285
|
$2.14
A$3.19
|
|
pay 16.0% less for groceries
Reykjavik
|
Australia
|
||
---|---|---|---|
Bread
1 loaf
|
$3.68
ISK506
|
$2.33
A$3.47
|
|
Local cheese (8 oz) |
$7.66
ISK1,052
|
$4.71
A$7.03
|
|
Milk (1 gallon) |
$6.16
ISK847
|
$5.75
A$8.57
|
|
Eggs
1 dozen
|
$5.91
ISK812
|
$3.86
A$5.75
|
|
Boneless chicken breast (1 lb) |
$8.87
ISK1,219
|
$3.99
A$5.94
|
|
Apples (1 lb) |
$1.53
ISK210
|
$1.43
A$2.13
|
|
Bananas (1 lb) |
$0.97
ISK133
|
$1.25
A$1.86
|
|
Oranges (1 lb) |
$1.26
ISK173
|
$1.39
A$2.06
|
|
Tomatoes (1 lb) |
$2.23
ISK306
|
$2.00
A$2.98
|
|
Potatoes (1 lb) |
$1.42
ISK194
|
$1.13
A$1.68
|
|
Onions (1 lb) |
$1.01
ISK139
|
$0.95
A$1.41
|
|
pay 18.5% less for transportation
Reykjavik
|
Australia
|
||
---|---|---|---|
Gasoline (1 gallon) |
$8.57
ISK1,178
|
$4.73
A$7.05
|
|
Monthly public transit pass |
$66.92
ISK9,194
|
$84.46
A$125.89
|
|
New Volkswagen Golf 1.4 (standard edition) |
$41,660.67
ISK5,723,760
|
$27,859.34
A$41,525.74
|
|
Taxi trip in downtown area (5 miles) |
$23.30
ISK3,201
|
$18.12
A$27.02
|
|
pay 6.7% more for housing
Reykjavik
|
Australia
|
||
---|---|---|---|
Internet connection
50 mbps or faster, cable/dsl
|
$68.45
ISK9,404
|
$55.36
A$82.52
|
|
1-Bedroom apartment in downtown area |
$1,864.13
ISK256,113
|
$1,258.08
A$1,875.23
|
|
1-Bedroom apartment outside city center |
$1,666.20
ISK228,919
|
$971.44
A$1,447.98
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$64.43
ISK8,853
|
$141.88
A$211.48
|
|
pay 4.1 times more for childcare
Reykjavik
|
Australia
|
||
---|---|---|---|
Private preschool for 1 child, monthly |
$240.37
ISK33,024
|
$1,377.23
A$2,052.83
|
|
Middle school for 1 child, two semesters |
$5,984.07
ISK822,152
|
$14,720.56
A$21,941.73
|
|
pay 8.8% more for entertainment and sports
Reykjavik
|
Australia
|
||
---|---|---|---|
Domestic/local beer (1 pint) |
$10.79
ISK1,483
|
$6.69
A$9.98
|
|
Cappuccino in mid-range area |
$5.09
ISK699
|
$3.60
A$5.37
|
|
Pack of cigarettes
Marlboro or similar
|
$11.87
ISK1,631
|
$28.13
A$41.93
|
|
Monthly membership at local gym |
$65.50
ISK8,999
|
$53.84
A$80.25
|
|
Movie ticket to theater/cinema |
$14.39
ISK1,977
|
$13.24
A$19.74
|
|
pay 15.7% less for clothing
Reykjavik
|
Australia
|
||
---|---|---|---|
Regular jeans
Levi's brand
|
$103.94
ISK14,280
|
$75.27
A$112.20
|
|
Regular dress
from H&M or similar store
|
$43.50
ISK5,976
|
$54.30
A$80.94
|
|
Running shoes
Nike or Adidas
|
$141.47
ISK19,437
|
$102.43
A$152.68
|
|
Men's business shoes (leather) |
$174.65
ISK23,995
|
$118.12
A$176.06
|
|
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