Cost of living comparison

Canberra, Australia

compared to

Reykjavik, Iceland

Reykjavik vs. Canberra Cost of Living Summary

Reykjavik is 1.2% more expensive than Canberra.

Restaurants: pay 23.0% more in Reykjavik
Groceries: pay 14.8% more in Reykjavik
Transportation: pay 28.0% more in Reykjavik
Housing: pay 6.4% less in Reykjavik
Childcare: pay 72.5% less in Reykjavik
Entertainment and Sports: pay 9.9% more in Reykjavik
Clothing: pay 11.9% more in Reykjavik

The cost of transportation, restaurants, groceries, clothing, and entertainment and sports in Reykjavik are more expensive than in Canberra. Expenses including childcare and housing are lower in Reykjavik.

Reykjavik vs. Canberra Cost Breakdown

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

Display currency: USD

pay 23.0% more for restaurants

	Canberra	Reykjavik
Basic meal with drink at inexpensive restaurant	$19.77 A$30.56	$20.00 ISK2,482	+1.2%
Fast food combo meal McDonalds, or similar	$9.89 A$15.28	$18.02 ISK2,236	+82.3%
Bottle of Coca-Cola (11 fl. oz)	$2.76 A$4.27	$3.15 ISK391	+14.1%
Bottle of water (11 fl. oz)	$2.32 A$3.58	$2.19 ISK271	-5.6%
Average			+23.0%

Canberra vs. Reykjavik - Cost of restaurants

Improve prices · Change currency (USD)

pay 14.8% more for groceries

	Canberra	Reykjavik
Bread 1 loaf	$2.59 A$4.00	$3.61 ISK448	+39.7%
Local cheese (8 oz)	$5.39 A$8.33	$7.76 ISK963	+43.9%
Milk (1 gallon)	$6.59 A$10.19	$6.40 ISK795	-2.8%
Eggs 1 dozen	$4.63 A$7.16	$5.76 ISK714	+24.3%
Boneless chicken breast (1 lb)	$4.12 A$6.37	$9.45 ISK1,172	+129.3%
Apples (1 lb)	$1.62 A$2.50	$1.40 ISK174	-13.4%
Bananas (1 lb)	$1.34 A$2.07	$1.01 ISK125	-24.8%
Oranges (1 lb)	$1.57 A$2.42	$1.22 ISK151	-22.3%
Tomatoes (1 lb)	$2.46 A$3.81	$2.22 ISK276	-9.8%
Potatoes (1 lb)	$1.25 A$1.93	$1.43 ISK178	+14.9%
Onions (1 lb)	$1.11 A$1.72	$0.93 ISK116	-16.1%
Average			+14.8%

Canberra vs. Reykjavik - Cost of groceries

Improve prices · Change currency (USD)

pay 28.0% more for transportation

	Canberra	Reykjavik
Gasoline (1 gallon)	$5.07 A$7.84	$8.50 ISK1,055	+67.5%
Monthly public transit pass	$118.63 A$183.38	$74.95 ISK9,302	-36.8%
New Volkswagen Golf 1.4 (standard edition)	$29,276.08 A$45,255.96	$42,450.45 ISK5,268,101	+45.0%
Taxi trip in downtown area (5 miles)	$17.66 A$27.30	$24.05 ISK2,985	+36.2%
Average			+28.0%

Canberra vs. Reykjavik - Cost of transportation

Improve prices · Change currency (USD)

pay 6.4% less for housing

	Canberra	Reykjavik
Internet connection 50 mbps or faster, cable/dsl	$65.39 A$101.08	$69.87 ISK8,670	+6.8%
1-Bedroom apartment in downtown area	$1,783.31 A$2,756.70	$1,971.17 ISK244,622	+10.5%
1-Bedroom apartment outside city center	$1,413.05 A$2,184.33	$1,803.44 ISK223,807	+27.6%
Utilities for two (700 sq ft apartment) including electric, gas, water, heating	$183.02 A$282.92	$53.95 ISK6,696	-70.5%
Average			-6.4%

Canberra vs. Reykjavik - Cost of housing

Improve prices · Change currency (USD)

pay 72.5% less for childcare

	Canberra	Reykjavik
Private preschool for 1 child, monthly	$1,847.17 A$2,855.41	$252.14 ISK31,291	-86.3%
Middle school for 1 child, two semesters	$14,503.36 A$22,419.79	$5,993.99 ISK743,855	-58.7%
Average			-72.5%

Canberra vs. Reykjavik - Cost of childcare

Improve prices · Change currency (USD)

pay 9.9% more for entertainment and sports

	Canberra	Reykjavik
Domestic/local beer (1 pint)	$7.25 A$11.21	$10.81 ISK1,342	+49.1%
Cappuccino in mid-range area	$3.68 A$5.69	$5.31 ISK658	+44.1%
Pack of cigarettes Marlboro or similar	$26.36 A$40.75	$12.25 ISK1,520	-53.5%
Monthly membership at local gym	$65.69 A$101.55	$69.95 ISK8,680	+6.5%
Movie ticket to theater/cinema	$14.33 A$22.16	$14.77 ISK1,834	+3.1%
Average			+9.9%

Canberra vs. Reykjavik - Cost of entertainment and sports

Improve prices · Change currency (USD)

pay 11.9% more for clothing

	Canberra	Reykjavik
Regular jeans Levi's brand	$86.77 A$134.13	$108.97 ISK13,523	+25.6%
Regular dress from H&M or similar store	$72.18 A$111.58	$49.72 ISK6,170	-31.1%
Running shoes Nike or Adidas	$119.51 A$184.75	$151.85 ISK18,845	+27.1%
Men's business shoes (leather)	$154.17 A$238.33	$194.16 ISK24,095	+25.9%
Average			+11.9%

Canberra vs. Reykjavik - Cost of clothing

Improve prices · Change currency (USD)

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: June 2025

More cost comparisons

Canberra vs.

Prague

Canberra vs.

Madrid

Canberra vs.

Dodoma

Canberra vs.

Cairo

Canberra vs.

Ankara

Canberra vs.

Ottawa

Canberra vs.

Lima

Canberra vs.

Moscow

Share this

Compare countries by overall cost of living

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

Add prices for Reykjavik

ASK THE ELSEWHERE COMMUNITY

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