Cost of living comparison
Iceland is 11.0% more expensive than Australia.
If you lived in Iceland instead of Australia, you would:
pay 23.2% more for restaurants
|
Australia
|
Iceland
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$16.76
A$25.93
|
$19.40
ISK2,670
|
|
|
Fast food combo meal
McDonalds, or similar
|
$9.73
A$15.06
|
$16.94
ISK2,332
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$2.56
A$3.97
|
$2.81
ISK387
|
|
| Bottle of water (11 fl. oz) |
$2.16
A$3.35
|
$2.02
ISK278
|
|
pay 16.5% more for groceries
|
Australia
|
Iceland
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$2.37
A$3.67
|
$2.95
ISK407
|
|
| Local cheese (8 oz) |
$4.36
A$6.75
|
$7.27
ISK1,000
|
|
| Milk (1 gallon) |
$5.80
A$8.97
|
$6.01
ISK827
|
|
|
Eggs
1 dozen
|
$4.07
A$6.30
|
$5.42
ISK746
|
|
| Boneless chicken breast (1 lb) |
$3.94
A$6.10
|
$8.51
ISK1,171
|
|
| Apples (1 lb) |
$1.45
A$2.24
|
$1.22
ISK168
|
|
| Bananas (1 lb) |
$1.26
A$1.94
|
$1.03
ISK141
|
|
| Oranges (1 lb) |
$1.35
A$2.09
|
$1.17
ISK161
|
|
| Tomatoes (1 lb) |
$2.01
A$3.12
|
$1.87
ISK258
|
|
| Potatoes (1 lb) |
$1.12
A$1.73
|
$1.23
ISK170
|
|
| Onions (1 lb) |
$0.96
A$1.49
|
$0.78
ISK108
|
|
pay 33.0% more for transportation
|
Australia
|
Iceland
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$4.65
A$7.20
|
$8.36
ISK1,151
|
|
| Monthly public transit pass |
$83.03
A$128.51
|
$71.28
ISK9,812
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$27,742.09
A$42,937.77
|
$40,660.66
ISK5,596,940
|
|
| Taxi trip in downtown area (5 miles) |
$18.38
A$28.45
|
$22.04
ISK3,033
|
|
pay 20.9% more for housing
|
Australia
|
Iceland
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$55.59
A$86.05
|
$72.17
ISK9,935
|
|
| 1-Bedroom apartment in downtown area |
$1,182.30
A$1,829.91
|
$1,838.04
ISK253,006
|
|
| 1-Bedroom apartment outside city center |
$957.92
A$1,482.62
|
$1,497.77
ISK206,168
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$138.16
A$213.84
|
$58.01
ISK7,986
|
|
pay 70.8% less for childcare
|
Australia
|
Iceland
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$1,485.91
A$2,299.82
|
$258.16
ISK35,536
|
|
| Middle school for 1 child, two semesters |
$14,667.78
A$22,702.03
|
$5,993.99
ISK825,073
|
|
pay 7.4% more for entertainment and sports
|
Australia
|
Iceland
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$6.64
A$10.28
|
$9.19
ISK1,265
|
|
| Cappuccino in mid-range area |
$3.55
A$5.49
|
$4.65
ISK640
|
|
|
Pack of cigarettes
Marlboro or similar
|
$28.07
A$43.45
|
$11.76
ISK1,618
|
|
| Monthly membership at local gym |
$52.89
A$81.86
|
$61.46
ISK8,460
|
|
| Movie ticket to theater/cinema |
$13.13
A$20.32
|
$14.35
ISK1,975
|
|
pay 46.6% more for clothing
|
Australia
|
Iceland
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$71.78
A$111.09
|
$111.23
ISK15,311
|
|
|
Regular dress
from H&M or similar store
|
$50.24
A$77.76
|
$59.69
ISK8,216
|
|
|
Running shoes
Nike or Adidas
|
$100.30
A$155.23
|
$148.00
ISK20,372
|
|
| Men's business shoes (leather) |
$111.73
A$172.93
|
$184.49
ISK25,396
|
|
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