Cost of living comparison

compared to

Hervey Bay vs. Reykjavik Cost of Living Summary

Hervey Bay is 0.7% more expensive than Reykjavik.

Restaurants: pay 34.8% less in Hervey Bay
Groceries: pay 36.0% less in Hervey Bay
Transportation: pay 43.2% less in Hervey Bay
Housing: pay 14.7% less in Hervey Bay
Childcare: pay 2.9 times more in Hervey Bay
Entertainment and Sports: pay 2.9% more in Hervey Bay
Clothing: pay 60.0% less in Hervey Bay

The cost of childcare and entertainment and sports in Hervey Bay are more expensive than in Reykjavik. Expenses including clothing, transportation, groceries, restaurants, and housing are lower in Hervey Bay. Notably, childcare is significantly more expensive in Hervey Bay.

Hervey Bay vs. Reykjavik Cost Breakdown

If you lived in Hervey Bay instead of Reykjavik, you would:

Display currency: USD

pay 34.8% less for restaurants

	Reykjavik	Hervey Bay
Basic meal with drink at inexpensive restaurant	$27.48 ISK3,473	$16.35 A$24.59	-40.5%
Fast food combo meal McDonalds, or similar	$22.76 ISK2,877	$9.99 A$15.02	-56.1%
Bottle of Coca-Cola (11 fl. oz)	$3.34 ISK422	$2.66 A$4.00	-20.3%
Bottle of water (11 fl. oz)	$2.70 ISK341	$2.10 A$3.16	-22.1%
Average			-34.8%

Reykjavik vs. Hervey Bay - Cost of restaurants

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pay 36.0% less for groceries

	Reykjavik	Hervey Bay
Bread 1 loaf	$4.63 ISK586	$1.08 A$1.62	-76.7%
Local cheese (8 oz)	$9.44 ISK1,193	$4.44 A$6.68	-52.9%
Milk (1 gallon)	$7.63 ISK964	$5.66 A$8.51	-25.8%
Eggs 1 dozen	$6.50 ISK822	$3.14 A$4.72	-51.7%
Boneless chicken breast (1 lb)	$11.29 ISK1,427	$2.67 A$4.01	-76.4%
Apples (1 lb)	$1.59 ISK201	$1.54 A$2.32	-3.0%
Bananas (1 lb)	$1.17 ISK148	$1.04 A$1.56	-11.4%
Oranges (1 lb)	$1.49 ISK188	$1.29 A$1.94	-13.2%
Tomatoes (1 lb)	$2.54 ISK321	$2.12 A$3.19	-16.3%
Potatoes (1 lb)	$1.70 ISK214	$0.89 A$1.34	-47.5%
Onions (1 lb)	$1.13 ISK143	$0.89 A$1.34	-21.2%
Average			-36.0%

Reykjavik vs. Hervey Bay - Cost of groceries

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pay 43.2% less for transportation

	Reykjavik	Hervey Bay
Gasoline (1 gallon)	$9.66 ISK1,221	$4.62 A$6.94	-52.2%
Monthly public transit pass	$88.58 ISK11,197	??
New Volkswagen Golf 1.4 (standard edition)	$50,771.00 ISK6,417,454	$29,060.36 A$43,686.64	-42.8%
Taxi trip in downtown area (5 miles)	$28.07 ISK3,548	$18.32 A$27.54	-34.7%
Average			-43.2%

Reykjavik vs. Hervey Bay - Cost of transportation

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pay 14.7% less for housing

	Reykjavik	Hervey Bay
Internet connection 50 mbps or faster, cable/dsl	$81.97 ISK10,361	$53.35 A$80.20	-34.9%
1-Bedroom apartment in downtown area	$2,259.48 ISK285,599	$1,046.68 A$1,573.48	-53.7%
1-Bedroom apartment outside city center	$2,034.90 ISK257,212	$981.26 A$1,475.14	-51.8%
Utilities for two (700 sq ft apartment) including electric, gas, water, heating	$60.87 ISK7,694	$110.50 A$166.11	+81.5%
Average			-14.7%

Reykjavik vs. Hervey Bay - Cost of housing

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pay 2.9 times more for childcare

	Reykjavik	Hervey Bay
Private preschool for 1 child, monthly	$327.78 ISK41,431	$1,789.27 A$2,689.83	+445.9%
Middle school for 1 child, two semesters	$30,711.08 ISK3,881,881	$10,865.50 A$16,334.18	-64.6%
Average			+190.6%

Reykjavik vs. Hervey Bay - Cost of childcare

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pay 2.9% more for entertainment and sports

	Reykjavik	Hervey Bay
Domestic/local beer (1 pint)	$13.12 ISK1,659	$5.56 A$8.36	-57.6%
Cappuccino in mid-range area	$6.17 ISK780	$3.60 A$5.41	-41.7%
Pack of cigarettes Marlboro or similar	$13.94 ISK1,761	$32.71 A$49.17	+134.7%
Monthly membership at local gym	$87.35 ISK11,041	??
Movie ticket to theater/cinema	$17.18 ISK2,172	$13.08 A$19.67	-23.9%
Average			+2.9%

Reykjavik vs. Hervey Bay - Cost of entertainment and sports

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pay 60.0% less for clothing

	Reykjavik	Hervey Bay
Regular jeans Levi's brand	$145.10 ISK18,340	$58.88 A$88.51	-59.4%
Regular dress from H&M or similar store	$63.97 ISK8,086	$41.64 A$62.60	-34.9%
Running shoes Nike or Adidas	$193.43 ISK24,449	$58.88 A$88.51	-69.6%
Men's business shoes (leather)	$248.79 ISK31,447	$58.88 A$88.51	-76.3%
Average			-60.0%

Reykjavik vs. Hervey Bay - 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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