Cost of living comparison
Reykjavik is 17.7% more expensive than Australia overall.
- Restaurants
-
pay 32.1% more in Reykjavik
- Groceries
-
pay 29.5% more in Reykjavik
- Transportation
-
pay 39.2% more in Reykjavik
- Housing
-
pay 29.9% more in Reykjavik
- Childcare
-
pay 71.0% less in Reykjavik
- Entertainment and Sports
-
pay 20.1% more in Reykjavik
- Clothing
-
pay 44.0% more in Reykjavik
The cost of clothing, transportation, restaurants, housing, groceries, and entertainment and sports in Reykjavik are more expensive than in Australia.
If you lived in Reykjavik instead of Australia, you would:
pay 32.1% more for restaurants
|
Australia
|
Reykjavik
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$16.76
A$26.47
|
$20.00
ISK2,689
|
|
|
Fast food combo meal
McDonalds, or similar
|
$9.73
A$15.38
|
$18.02
ISK2,423
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$2.56
A$4.05
|
$3.15
ISK424
|
|
| Bottle of water (11 fl. oz) |
$2.16
A$3.42
|
$2.19
ISK294
|
|
pay 29.5% more for groceries
|
Australia
|
Reykjavik
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$2.37
A$3.75
|
$3.61
ISK485
|
|
| Local cheese (8 oz) |
$4.36
A$6.89
|
$7.76
ISK1,043
|
|
| Milk (1 gallon) |
$5.80
A$9.16
|
$6.40
ISK861
|
|
|
Eggs
1 dozen
|
$4.07
A$6.43
|
$5.76
ISK774
|
|
| Boneless chicken breast (1 lb) |
$3.94
A$6.23
|
$9.45
ISK1,270
|
|
| Apples (1 lb) |
$1.45
A$2.29
|
$1.40
ISK189
|
|
| Bananas (1 lb) |
$1.26
A$1.98
|
$1.01
ISK136
|
|
| Oranges (1 lb) |
$1.35
A$2.13
|
$1.22
ISK164
|
|
| Tomatoes (1 lb) |
$2.01
A$3.18
|
$2.22
ISK299
|
|
| Potatoes (1 lb) |
$1.12
A$1.76
|
$1.43
ISK193
|
|
| Onions (1 lb) |
$0.96
A$1.52
|
$0.93
ISK126
|
|
pay 39.2% more for transportation
|
Australia
|
Reykjavik
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$4.65
A$7.35
|
$8.50
ISK1,143
|
|
| Monthly public transit pass |
$83.03
A$131.17
|
$74.95
ISK10,078
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$27,742.09
A$43,826.37
|
$42,450.45
ISK5,707,888
|
|
| Taxi trip in downtown area (5 miles) |
$18.38
A$29.04
|
$24.05
ISK3,234
|
|
pay 29.9% more for housing
|
Australia
|
Reykjavik
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$55.59
A$87.83
|
$69.87
ISK9,394
|
|
| 1-Bedroom apartment in downtown area |
$1,182.30
A$1,867.78
|
$1,971.17
ISK265,044
|
|
| 1-Bedroom apartment outside city center |
$957.92
A$1,513.31
|
$1,803.44
ISK242,491
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$138.16
A$218.27
|
$53.95
ISK7,255
|
|
pay 71.0% less for childcare
|
Australia
|
Reykjavik
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$1,485.91
A$2,347.41
|
$252.14
ISK33,903
|
|
| Middle school for 1 child, two semesters |
$14,667.78
A$23,171.86
|
$5,993.99
ISK805,952
|
|
pay 20.1% more for entertainment and sports
|
Australia
|
Reykjavik
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$6.64
A$10.50
|
$10.81
ISK1,454
|
|
| Cappuccino in mid-range area |
$3.55
A$5.60
|
$5.31
ISK713
|
|
|
Pack of cigarettes
Marlboro or similar
|
$28.07
A$44.35
|
$12.25
ISK1,646
|
|
| Monthly membership at local gym |
$52.89
A$83.55
|
$69.95
ISK9,405
|
|
| Movie ticket to theater/cinema |
$13.13
A$20.74
|
$14.77
ISK1,987
|
|
pay 44.0% more for clothing
|
Australia
|
Reykjavik
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$71.78
A$113.39
|
$108.97
ISK14,652
|
|
|
Regular dress
from H&M or similar store
|
$50.24
A$79.37
|
$49.72
ISK6,685
|
|
|
Running shoes
Nike or Adidas
|
$100.30
A$158.45
|
$151.85
ISK20,418
|
|
| Men's business shoes (leather) |
$111.73
A$176.51
|
$194.16
ISK26,106
|
|
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