Cost of living comparison
Australia is 35.4% more expensive than Reykjavik.
- Restaurants
-
pay 20.5% less in Australia
- Groceries
-
pay 15.0% less in Australia
- Transportation
-
pay 23.2% less in Australia
- Housing
-
pay 12.2% more in Australia
- Childcare
-
pay 4.2 times more in Australia
- Entertainment and Sports
-
pay 4.4% more in Australia
- Clothing
-
pay 27.4% less in Australia
The cost of childcare, housing, and entertainment and sports in Australia are more expensive than in Reykjavik. Expenses including clothing, transportation, restaurants, and groceries are lower in Australia. Notably, childcare is significantly more expensive in Australia.
If you lived in Australia instead of Reykjavik, you would:
pay 20.5% less for restaurants
|
Reykjavik
|
Australia
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$20.00
ISK2,664
|
$16.76
A$26.71
|
|
|
Fast food combo meal
McDonalds, or similar
|
$18.02
ISK2,400
|
$9.73
A$15.52
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$3.15
ISK420
|
$2.56
A$4.09
|
|
| Bottle of water (11 fl. oz) |
$2.19
ISK291
|
$2.16
A$3.45
|
|
pay 15.0% less for groceries
|
Reykjavik
|
Australia
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$3.61
ISK481
|
$2.37
A$3.78
|
|
| Local cheese (8 oz) |
$7.76
ISK1,033
|
$4.36
A$6.96
|
|
| Milk (1 gallon) |
$6.40
ISK853
|
$5.80
A$9.24
|
|
|
Eggs
1 dozen
|
$5.76
ISK767
|
$4.07
A$6.49
|
|
| Boneless chicken breast (1 lb) |
$9.45
ISK1,258
|
$3.94
A$6.28
|
|
| Apples (1 lb) |
$1.40
ISK187
|
$1.45
A$2.31
|
|
| Bananas (1 lb) |
$1.01
ISK134
|
$1.26
A$2.00
|
|
| Oranges (1 lb) |
$1.22
ISK162
|
$1.35
A$2.15
|
|
| Tomatoes (1 lb) |
$2.22
ISK296
|
$2.01
A$3.21
|
|
| Potatoes (1 lb) |
$1.43
ISK191
|
$1.12
A$1.78
|
|
| Onions (1 lb) |
$0.93
ISK124
|
$0.96
A$1.53
|
|
pay 23.2% less for transportation
|
Reykjavik
|
Australia
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$8.50
ISK1,132
|
$4.65
A$7.42
|
|
| Monthly public transit pass |
$74.95
ISK9,984
|
$83.03
A$132.36
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$42,450.45
ISK5,654,400
|
$27,742.09
A$44,224.61
|
|
| Taxi trip in downtown area (5 miles) |
$24.05
ISK3,204
|
$18.38
A$29.30
|
|
pay 12.2% more for housing
|
Reykjavik
|
Australia
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$69.87
ISK9,306
|
$55.59
A$88.62
|
|
| 1-Bedroom apartment in downtown area |
$1,971.17
ISK262,560
|
$1,182.30
A$1,884.75
|
|
| 1-Bedroom apartment outside city center |
$1,803.44
ISK240,218
|
$957.92
A$1,527.06
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$53.95
ISK7,187
|
$138.16
A$220.25
|
|
pay 4.2 times more for childcare
|
Reykjavik
|
Australia
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$252.14
ISK33,585
|
$1,485.91
A$2,368.74
|
|
| Middle school for 1 child, two semesters |
$5,993.99
ISK798,400
|
$14,667.78
A$23,382.41
|
|
pay 4.4% more for entertainment and sports
|
Reykjavik
|
Australia
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$10.81
ISK1,440
|
$6.64
A$10.59
|
|
| Cappuccino in mid-range area |
$5.31
ISK707
|
$3.55
A$5.65
|
|
|
Pack of cigarettes
Marlboro or similar
|
$12.25
ISK1,631
|
$28.07
A$44.75
|
|
| Monthly membership at local gym |
$69.95
ISK9,317
|
$52.89
A$84.31
|
|
| Movie ticket to theater/cinema |
$14.77
ISK1,968
|
$13.13
A$20.93
|
|
pay 27.4% less for clothing
|
Reykjavik
|
Australia
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$108.97
ISK14,515
|
$71.78
A$114.42
|
|
|
Regular dress
from H&M or similar store
|
$49.72
ISK6,623
|
$50.24
A$80.09
|
|
|
Running shoes
Nike or Adidas
|
$151.85
ISK20,227
|
$100.30
A$159.89
|
|
| Men's business shoes (leather) |
$194.16
ISK25,862
|
$111.73
A$178.11
|
|
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