Cost of living comparison
compared to
Reykjavik vs. Tasmania Cost of Living Summary
Reykjavik is 46.8% more expensive than Tasmania.
Reykjavik vs. Tasmania Cost Breakdown
If you lived in Reykjavik instead of Tasmania, you would:
pay 48.7% more for restaurants
|
Tasmania
|
Reykjavik
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$26.15
A$37.42
|
$27.48
ISK3,470
|
|
|
Fast food combo meal
McDonalds, or similar
|
$10.13
A$14.50
|
$22.76
ISK2,875
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$2.61
A$3.74
|
$3.34
ISK421
|
|
| Bottle of water (11 fl. oz) |
$1.96
A$2.81
|
$2.70
ISK341
|
|
Tasmania vs. Reykjavik - Cost of restaurants
pay 35.6% more for groceries
|
Tasmania
|
Reykjavik
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$3.60
A$5.14
|
$4.63
ISK585
|
|
| Local cheese (8 oz) |
$4.79
A$6.86
|
$9.44
ISK1,192
|
|
| Milk (1 gallon) |
$5.49
A$7.85
|
$7.63
ISK964
|
|
|
Eggs
1 dozen
|
$5.49
A$7.86
|
$6.50
ISK821
|
|
| Boneless chicken breast (1 lb) |
$5.24
A$7.50
|
$11.29
ISK1,426
|
|
| Apples (1 lb) |
$1.48
A$2.12
|
$1.59
ISK201
|
|
| Bananas (1 lb) |
$1.11
A$1.59
|
$1.17
ISK148
|
|
| Oranges (1 lb) |
$1.19
A$1.70
|
$1.49
ISK188
|
|
| Tomatoes (1 lb) |
$1.63
A$2.33
|
$2.54
ISK320
|
|
| Potatoes (1 lb) |
$1.48
A$2.12
|
$1.70
ISK214
|
|
| Onions (1 lb) |
$1.33
A$1.91
|
$1.13
ISK143
|
|
Tasmania vs. Reykjavik - Cost of groceries
pay 99.2% more for transportation
|
Tasmania
|
Reykjavik
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$4.85
A$6.94
|
$9.66
ISK1,220
|
|
| Monthly public transit pass | ?? |
$88.58
ISK11,188
|
|
| New Volkswagen Golf 1.4 (standard edition) | ?? |
$50,771.00
ISK6M
|
|
| Taxi trip in downtown area (5 miles) | ?? |
$28.07
ISK3,545
|
|
Tasmania vs. Reykjavik - Cost of transportation
pay 29.2% more for housing
|
Tasmania
|
Reykjavik
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$107.87
A$154.34
|
$81.97
ISK10,353
|
|
| 1-Bedroom apartment in downtown area |
$1,045.98
A$1,496.61
|
$2,259.48
ISK285K
|
|
| 1-Bedroom apartment outside city center |
$1,045.98
A$1,496.61
|
$2,034.90
ISK257K
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$199.97
A$286.12
|
$60.87
ISK7,688
|
|
Tasmania vs. Reykjavik - Cost of housing
pay (unknown) more for childcare
|
Tasmania
|
Reykjavik
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly | ?? |
$327.78
ISK41,399
|
|
| Middle school for 1 child, two semesters | ?? |
$30,711.08
ISK4M
|
Tasmania vs. Reykjavik - Cost of childcare
pay 20.4% more for entertainment and sports
|
Tasmania
|
Reykjavik
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$10.46
A$14.97
|
$13.12
ISK1,657
|
|
| Cappuccino in mid-range area |
$3.92
A$5.61
|
$6.17
ISK780
|
|
|
Pack of cigarettes
Marlboro or similar
|
$27.78
A$39.75
|
$13.94
ISK1,760
|
|
| Monthly membership at local gym |
$58.84
A$84.18
|
$87.35
ISK11,033
|
|
| Movie ticket to theater/cinema | ?? |
$17.18
ISK2,170
|
|
Tasmania vs. Reykjavik - Cost of entertainment and sports
pay 47.9% more for clothing
|
Tasmania
|
Reykjavik
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
?? |
$145.10
ISK18,326
|
|
|
Regular dress
from H&M or similar store
|
?? |
$63.97
ISK8,079
|
|
|
Running shoes
Nike or Adidas
|
$130.75
A$187.08
|
$193.43
ISK24,430
|
|
| Men's business shoes (leather) | ?? |
$248.79
ISK31,422
|
|
Tasmania vs. Reykjavik - Cost of clothing
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: March 2026
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