Cost of living comparison

compared to
Canberra vs. Iceland Cost of Living Summary

Canberra is 61.7% more expensive than Iceland overall.

Restaurants
pay 6.7% less in Canberra
Groceries
pay 7.0% more in Canberra
Transportation
pay 5.2% less in Canberra
Housing
pay 49.4% more in Canberra
Childcare
pay 4.8 times more in Canberra
Entertainment and Sports
pay 17.8% more in Canberra
Clothing
pay 9.2% less in Canberra

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

Canberra vs. Iceland Cost Breakdown

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

pay 6.7% less for restaurants

 
Iceland
Canberra
Basic meal with drink at inexpensive restaurant $19.40
ISK2,711
$19.77
A$31.80
Fast food combo meal
McDonalds, or similar
$16.94
ISK2,368
$9.89
A$15.90
Bottle of Coca-Cola (11 fl. oz) $2.81
ISK393
$2.76
A$4.45

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pay 7.0% more for groceries

 
Iceland
Canberra
Bread
1 loaf
$2.95
ISK413
$2.59
A$4.16
Local cheese (8 oz) $7.27
ISK1,016
$5.39
A$8.67
Milk (1 gallon) $6.01
ISK840
$6.59
A$10.60

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pay 5.2% less for transportation

 
Iceland
Canberra
Gasoline (1 gallon) $8.36
ISK1,169
$5.07
A$8.16
Monthly public transit pass $71.28
ISK9,963
$118.63
A$190.81
New Volkswagen Golf 1.4 (standard edition) $40,660.66
ISK5,683,547
$29,276.08
A$47,090.37

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pay 49.4% more for housing

 
Iceland
Canberra
Internet connection
50 mbps or faster, cable/dsl
$72.17
ISK10,089
$65.39
A$105.18
1-Bedroom apartment in downtown area $1,838.04
ISK256,921
$1,783.31
A$2,868.44
1-Bedroom apartment outside city center $1,497.77
ISK209,358
$1,413.05
A$2,272.87

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pay 4.8 times more for childcare

 
Iceland
Canberra
Private preschool for 1 child, monthly $258.16
ISK36,086
$1,847.17
A$2,971.15
Middle school for 1 child, two semesters $5,993.99
ISK837,840
$14,503.36
A$23,328.56

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pay 17.8% more for entertainment and sports

 
Iceland
Canberra
Domestic/local beer (1 pint) $9.19
ISK1,284
$7.25
A$11.66
Cappuccino in mid-range area $4.65
ISK650
$3.68
A$5.92
Pack of cigarettes
Marlboro or similar
$11.76
ISK1,643
$26.36
A$42.40

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pay 9.2% less for clothing

 
Iceland
Canberra
Regular jeans
Levi's brand
$111.23
ISK15,548
$86.77
A$139.57
Regular dress
from H&M or similar store
$59.69
ISK8,343
$72.18
A$116.10
Running shoes
Nike or Adidas
$148.00
ISK20,687
$119.51
A$192.24

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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: January 2025
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