Cost of living comparison

Keflavik, Iceland

compared to

Canberra, Australia

Canberra vs. Keflavik Cost of Living Summary

Canberra is 80.0% more expensive than Keflavik.

Restaurants: pay 8.4% less in Canberra
Groceries: pay 20.5% more in Canberra
Transportation: pay 12.6% less in Canberra
Housing: pay 2.4 times more in Canberra
Childcare: pay 4.9 times more in Canberra
Entertainment and Sports: pay 33.0% more in Canberra
Clothing: pay 1.2% less in Canberra

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

Canberra vs. Keflavik Cost Breakdown

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

Display currency: USD

pay 8.4% less for restaurants

	Keflavik	Canberra
Basic meal with drink at inexpensive restaurant	$20.00 ISK2,493	$19.77 A$30.44	-1.1%
Fast food combo meal McDonalds, or similar	$15.10 ISK1,882	$9.89 A$15.22	-34.5%
Bottle of Coca-Cola (11 fl. oz)	$2.88 ISK359	$2.76 A$4.26	-4.1%
Bottle of water (11 fl. oz)	$2.19 ISK272	$2.32 A$3.57	+6.0%
Average			-8.4%

Keflavik vs. Canberra - Cost of restaurants

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pay 20.5% more for groceries

	Keflavik	Canberra
Bread 1 loaf	$3.61 ISK450	$2.59 A$3.98	-28.4%
Local cheese (8 oz)	$7.76 ISK967	$5.39 A$8.30	-30.5%
Milk (1 gallon)	$6.40 ISK798	$6.59 A$10.15	+2.9%
Eggs 1 dozen	$5.40 ISK673	$4.63 A$7.13	-14.3%
Boneless chicken breast (1 lb)	$8.60 ISK1,072	$4.12 A$6.34	-52.1%
Apples (1 lb)	$0.92 ISK114	$1.62 A$2.49	+76.8%
Bananas (1 lb)	$0.92 ISK114	$1.34 A$2.07	+46.6%
Oranges (1 lb)	$0.98 ISK122	$1.57 A$2.41	+59.8%
Tomatoes (1 lb)	$1.50 ISK187	$2.46 A$3.80	+63.9%
Potatoes (1 lb)	$1.08 ISK134	$1.25 A$1.92	+15.7%
Onions (1 lb)	$0.60 ISK75	$1.11 A$1.71	+85.0%
Average			+20.5%

Keflavik vs. Canberra - Cost of groceries

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pay 12.6% less for transportation

	Keflavik	Canberra
Gasoline (1 gallon)	$8.49 ISK1,058	$5.07 A$7.81	-40.2%
Monthly public transit pass	$80.36 ISK10,017	$118.63 A$182.67	+47.6%
New Volkswagen Golf 1.4 (standard edition)	$42,450.45 ISK5,291,449	$29,276.08 A$45,081.74	-31.0%
Taxi trip in downtown area (5 miles)	$24.05 ISK2,998	$17.66 A$27.20	-26.6%
Average			-12.6%

Keflavik vs. Canberra - Cost of transportation

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pay 2.4 times more for housing

	Keflavik	Canberra
Internet connection 50 mbps or faster, cable/dsl	$64.86 ISK8,085	$65.39 A$100.69	+0.8%
1-Bedroom apartment in downtown area	$1,345.35 ISK167,697	$1,783.31 A$2,746.08	+32.6%
1-Bedroom apartment outside city center	$960.96 ISK119,784	$1,413.05 A$2,175.93	+47.0%
Utilities for two (700 sq ft apartment) including electric, gas, water, heating	$31.23 ISK3,893	$183.02 A$281.83	+486.0%
Average			+141.6%

Keflavik vs. Canberra - Cost of housing

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pay 4.9 times more for childcare

	Keflavik	Canberra
Private preschool for 1 child, monthly	$252.14 ISK31,429	$1,847.17 A$2,844.42	+632.6%
Middle school for 1 child, two semesters	$5,993.99 ISK747,151	$14,503.36 A$22,333.48	+142.0%
Average			+387.3%

Keflavik vs. Canberra - Cost of childcare

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pay 33.0% more for entertainment and sports

	Keflavik	Canberra
Domestic/local beer (1 pint)	$7.57 ISK943	$7.25 A$11.16	-4.2%
Cappuccino in mid-range area	$3.57 ISK445	$3.68 A$5.67	+3.2%
Pack of cigarettes Marlboro or similar	$10.77 ISK1,343	$26.36 A$40.59	+144.7%
Monthly membership at local gym	$57.66 ISK7,187	$65.69 A$101.15	+13.9%
Movie ticket to theater/cinema	$13.33 ISK1,662	$14.33 A$22.07	+7.5%
Average			+33.0%

Keflavik vs. Canberra - Cost of entertainment and sports

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pay 1.2% less for clothing

	Keflavik	Canberra
Regular jeans Levi's brand	$108.97 ISK13,583	$86.77 A$133.62	-20.4%
Regular dress from H&M or similar store	$49.72 ISK6,198	$72.18 A$111.15	+45.2%
Running shoes Nike or Adidas	$151.85 ISK18,929	$119.51 A$184.04	-21.3%
Men's business shoes (leather)	$168.17 ISK20,962	$154.17 A$237.41	-8.3%
Average			-1.2%

Keflavik vs. Canberra - Cost of clothing

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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: June 2025

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