Cost of living comparison

Canada

compared to

Iceland

Reykjavik vs. Sydney Cost of Living Summary

Reykjavik is 2.1 times more expensive than Sydney.

Restaurants: pay 2.7 times more in Reykjavik
Groceries: pay 94.5% more in Reykjavik
Transportation: pay 89.2% more in Reykjavik
Housing: pay 2.4 times more in Reykjavik
Childcare: pay 69.0% more in Reykjavik
Entertainment and Sports: pay 2.1 times more in Reykjavik
Clothing: pay 76.0% more in Reykjavik

The cost of restaurants, housing, entertainment and sports, groceries, transportation, and clothing in Reykjavik are more expensive than in Sydney. Notably, restaurants, housing, and entertainment and sports are significantly more expensive in Reykjavik.

Planning a move to Iceland? Get up to 5 free, no-obligation quotes from vetted international movers. Get free quotes →

Reykjavik vs. Sydney Cost Breakdown

If you lived in Reykjavik instead of Sydney, you would:

Display currency: USD

pay 2.7 times more for restaurants

	Sydney	Reykjavik
Basic meal with drink at inexpensive restaurant	$11.22 CA$15.84	$31.06 ISK3,813	+176.7%
Fast food combo meal McDonalds, or similar	$7.33 CA$10.34	$26.97 ISK3,312	+268.0%
Bottle of Coca-Cola (11 fl. oz)	$2.27 CA$3.20	$3.31 ISK407	+46.2%
Bottle of water (11 fl. oz)	$2.09 CA$2.95	$3.11 ISK381	+48.5%
Average			+169.6%

Sydney vs. Reykjavik - Cost of restaurants

Improve prices · Change currency (USD)

pay 94.5% more for groceries

	Sydney	Reykjavik
Bread 1 loaf	$2.51 CA$3.54	$4.19 ISK515	+67.2%
Local cheese (8 oz)	$3.16 CA$4.46	$10.93 ISK1,342	+246.3%
Milk (1 gallon)	$8.30 CA$11.71	$7.78 ISK955	-6.3%
Eggs 1 dozen	$3.25 CA$4.58	$7.08 ISK869	+118.0%
Boneless chicken breast (1 lb)	$3.66 CA$5.16	$11.00 ISK1,351	+200.7%
Apples (1 lb)	$3.18 CA$4.49	$1.50 ISK185	-52.7%
Bananas (1 lb)	$0.53 CA$0.74	$1.27 ISK156	+140.7%
Oranges (1 lb)	??	$1.46 ISK179
Tomatoes (1 lb)	$0.64 CA$0.90	$2.93 ISK360	+360.8%
Potatoes (1 lb)	$0.37 CA$0.52	$1.78 ISK218	+380.5%
Onions (1 lb)	$0.87 CA$1.24	$0.76 ISK93	-13.6%
Average			+94.5%

Sydney vs. Reykjavik - Cost of groceries

Improve prices · Change currency (USD)

pay 89.2% more for transportation

	Sydney	Reykjavik
Gasoline (1 gallon)	$4.40 CA$6.22	$7.76 ISK953	+76.3%
Monthly public transit pass	$47.34 CA$66.83	$94.80 ISK11,641	+100.2%
New Volkswagen Golf 1.4 (standard edition)	$25,795.92 CA$36,414.81	$50,588.43 ISK6M	+96.1%
Taxi trip in downtown area (5 miles)	??	$29.26 ISK3,593
Average			+89.2%

Sydney vs. Reykjavik - Cost of transportation

Improve prices · Change currency (USD)

pay 2.4 times more for housing

	Sydney	Reykjavik
Internet connection 50 mbps or faster, cable/dsl	$72.48 CA$102.31	$86.01 ISK10,561	+18.7%
1-Bedroom apartment in downtown area	$894.25 CA$1,262.37	$2,522.88 ISK310K	+182.1%
1-Bedroom apartment outside city center	$713.07 CA$1,006.60	$2,032.25 ISK250K	+185.0%
Utilities for two (700 sq ft apartment) including electric, gas, water, heating	$66.15 CA$93.38	$73.44 ISK9,018	+11.0%
Average			+135.9%

Sydney vs. Reykjavik - Cost of housing

Improve prices · Change currency (USD)

pay 69.0% more for childcare

	Sydney	Reykjavik
Private preschool for 1 child, monthly	$701.38 CA$990.10	$1,185.23 ISK146K	+69.0%
Middle school for 1 child, two semesters	??	$25,853.51 ISK3M
Average			+69.0%

Sydney vs. Reykjavik - Cost of childcare

Improve prices · Change currency (USD)

pay 2.1 times more for entertainment and sports

	Sydney	Reykjavik
Domestic/local beer (1 pint)	??	$13.89 ISK1,706
Cappuccino in mid-range area	$2.81 CA$3.96	$6.74 ISK828	+140.3%
Pack of cigarettes Marlboro or similar	$17.53 CA$24.75	$13.89 ISK1,706	-20.8%
Monthly membership at local gym	$48.75 CA$68.81	$100.25 ISK12,310	+105.7%
Movie ticket to theater/cinema	$7.01 CA$9.90	$19.57 ISK2,403	+179.1%
Average			+108.8%

Sydney vs. Reykjavik - Cost of entertainment and sports

Improve prices · Change currency (USD)

pay 76.0% more for clothing

	Sydney	Reykjavik
Regular jeans Levi's brand	$67.80 CA$95.71	$149.01 ISK18,297	+119.8%
Regular dress from H&M or similar store	$66.05 CA$93.23	$65.79 ISK8,078	-0.4%
Running shoes Nike or Adidas	$98.19 CA$138.61	$181.84 ISK22,328	+85.2%
Men's business shoes (leather)	$105.21 CA$148.51	$248.81 ISK30,551	+136.5%
Average			+76.0%

Sydney vs. Reykjavik - Cost of clothing

Improve prices · Change currency (USD)

We average the price of thousands of data points entered by users across the world. Sources: MyLifeElsewhere's cost-of-living dataset (prices updated November 2026). How we calculate this

Compare further: Sydney vs. Reykjavik

Salary Calculator · Free tool

What salary would you need in Reykjavik?

More cost comparisons

Sydney vs.

Madrid

Sydney vs.

Warsaw

Sydney vs.

Rome

Sydney vs.

Athens

Sydney vs.

Lima

Sydney vs.

Ho Chi Minh City

Sydney vs.

Berlin

Sydney vs.

Istanbul

Share this

Compare countries by overall cost of living

See the cost of living in Canada vs. Iceland. This provides a comparison of the average cost of living from cities within Canada and Iceland.

Help us improve these prices

MyLifeElsewhere is a collaborative project. Please enter price information for your location to help assist us in making these comparisons more accurate. Learn more

Add prices for Sydney

Add prices for Reykjavik

Ask the Elsewhere Community

Join the Elsewhere community and ask a question about Reykjavik or Sydney. It's a free, question-and-answer based forum to discuss what life is like in countries and cities around the world.