Cost of living comparison
Iceland is 7.5% cheaper than Sydney.
If you lived in Iceland instead of Sydney, you would:
pay 13.6% more for restaurants
Sydney
|
Iceland
|
||
---|---|---|---|
Basic meal with drink at inexpensive restaurant |
$16.01
A$24.21
|
$17.84
ISK2,489
|
|
Fast food combo meal
McDonalds, or similar
|
$10.01
A$15.13
|
$14.27
ISK1,991
|
|
Bottle of Coca-Cola (11 fl. oz) |
$2.30
A$3.47
|
$2.32
ISK323
|
|
Bottle of water (11 fl. oz) |
$2.14
A$3.23
|
$2.12
ISK296
|
|
pay 3.0% more for groceries
Sydney
|
Iceland
|
||
---|---|---|---|
Bread
1 loaf
|
$2.56
A$3.87
|
$3.42
ISK478
|
|
Local cheese (8 oz) |
$4.78
A$7.22
|
$5.98
ISK835
|
|
Milk (1 gallon) |
$6.57
A$9.93
|
$5.33
ISK743
|
|
Eggs
1 dozen
|
$4.14
A$6.26
|
$5.66
ISK790
|
|
Boneless chicken breast (1 lb) |
$3.89
A$5.88
|
$7.09
ISK990
|
|
Apples (1 lb) |
$1.43
A$2.16
|
$1.16
ISK162
|
|
Bananas (1 lb) |
$1.14
A$1.72
|
$0.98
ISK137
|
|
Oranges (1 lb) |
$1.25
A$1.88
|
$1.17
ISK163
|
|
Tomatoes (1 lb) |
$2.36
A$3.56
|
$1.84
ISK256
|
|
Potatoes (1 lb) |
$1.14
A$1.73
|
$0.96
ISK134
|
|
Onions (1 lb) |
$1.02
A$1.54
|
$0.51
ISK71
|
|
pay 16.8% more for transportation
Sydney
|
Iceland
|
||
---|---|---|---|
Gasoline (1 gallon) |
$5.16
A$7.80
|
$8.03
ISK1,121
|
|
Monthly public transit pass |
$145.04
A$219.30
|
$77.40
ISK10,800
|
|
New Volkswagen Golf 1.4 (standard edition) |
$23,545.49
A$35,599.60
|
$29,836.83
ISK4,163,431
|
|
Taxi trip in downtown area (5 miles) |
$18.28
A$27.64
|
$23.97
ISK3,344
|
|
pay 19.3% less for housing
Sydney
|
Iceland
|
||
---|---|---|---|
Internet connection
50 mbps or faster, cable/dsl
|
$54.83
A$82.90
|
$62.40
ISK8,708
|
|
1-Bedroom apartment in downtown area |
$1,983.29
A$2,998.64
|
$1,437.14
ISK200,539
|
|
1-Bedroom apartment outside city center |
$1,436.20
A$2,171.47
|
$1,215.63
ISK169,628
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$132.10
A$199.73
|
$68.63
ISK9,577
|
|
pay 83.8% less for childcare
Sydney
|
Iceland
|
||
---|---|---|---|
Private preschool for 1 child, monthly |
$1,738.06
A$2,627.85
|
$259.34
ISK36,189
|
|
Middle school for 1 child, two semesters |
$15,702.02
A$23,740.68
|
$2,750.10
ISK383,749
|
|
pay 7.2% less for entertainment and sports
Sydney
|
Iceland
|
||
---|---|---|---|
Domestic/local beer (1 pint) |
$6.67
A$10.09
|
$8.52
ISK1,189
|
|
Cappuccino in mid-range area |
$3.22
A$4.86
|
$4.15
ISK579
|
|
Pack of cigarettes
Marlboro or similar
|
$27.56
A$41.66
|
$10.64
ISK1,484
|
|
Monthly membership at local gym |
$61.90
A$93.60
|
$56.90
ISK7,940
|
|
Movie ticket to theater/cinema |
$16.01
A$24.21
|
$12.27
ISK1,713
|
|
pay 24.5% more for clothing
Sydney
|
Iceland
|
||
---|---|---|---|
Regular jeans
Levi's brand
|
$80.63
A$121.90
|
$118.08
ISK16,476
|
|
Regular dress
from H&M or similar store
|
$55.89
A$84.50
|
$50.39
ISK7,031
|
|
Running shoes
Nike or Adidas
|
$114.63
A$173.32
|
$151.12
ISK21,087
|
|
Men's business shoes (leather) |
$135.32
A$204.60
|
$175.20
ISK24,447
|
|
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