Cost of living comparison
Melbourne is 49.6% more expensive than Reykjavik.
If you lived in Melbourne instead of Reykjavik, you would:
pay 16.1% less for restaurants
|
Reykjavik
|
Melbourne
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$21.59
ISK2,981
|
$16.61
A$25.15
|
|
|
Fast food combo meal
McDonalds, or similar
|
$17.27
ISK2,385
|
$9.97
A$15.09
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$2.90
ISK401
|
$2.58
A$3.90
|
|
| Bottle of water (11 fl. oz) |
$2.07
ISK286
|
$2.32
A$3.52
|
|
pay 19.5% less for groceries
|
Reykjavik
|
Melbourne
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$3.68
ISK509
|
$2.65
A$4.02
|
|
| Local cheese (8 oz) |
$7.66
ISK1,058
|
$4.93
A$7.47
|
|
| Milk (1 gallon) |
$6.16
ISK851
|
$5.53
A$8.38
|
|
|
Eggs
1 dozen
|
$5.91
ISK817
|
$3.86
A$5.84
|
|
| Boneless chicken breast (1 lb) |
$8.87
ISK1,225
|
$3.97
A$6.01
|
|
| Apples (1 lb) |
$1.53
ISK211
|
$1.38
A$2.09
|
|
| Bananas (1 lb) |
$0.97
ISK134
|
$1.15
A$1.75
|
|
| Oranges (1 lb) |
$1.26
ISK174
|
$1.20
A$1.82
|
|
| Tomatoes (1 lb) |
$2.23
ISK308
|
$1.64
A$2.48
|
|
| Potatoes (1 lb) |
$1.42
ISK195
|
$1.03
A$1.56
|
|
| Onions (1 lb) |
$1.01
ISK140
|
$0.99
A$1.50
|
|
pay 1.4% less for transportation
|
Reykjavik
|
Melbourne
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$8.57
ISK1,184
|
$4.83
A$7.31
|
|
| Monthly public transit pass |
$66.92
ISK9,242
|
$126.80
A$191.95
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$41,660.67
ISK5,754,172
|
$26,915.83
A$40,744.50
|
|
| Taxi trip in downtown area (5 miles) |
$23.30
ISK3,218
|
$19.61
A$29.68
|
|
pay 6.0% more for housing
|
Reykjavik
|
Melbourne
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$68.45
ISK9,454
|
$53.17
A$80.48
|
|
| 1-Bedroom apartment in downtown area |
$1,864.13
ISK257,474
|
$1,491.94
A$2,258.47
|
|
| 1-Bedroom apartment outside city center |
$1,666.20
ISK230,135
|
$1,204.80
A$1,823.79
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$64.43
ISK8,900
|
$125.04
A$189.28
|
|
pay 4.8 times more for childcare
|
Reykjavik
|
Melbourne
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$240.37
ISK33,200
|
$1,542.90
A$2,335.61
|
|
| Middle school for 1 child, two semesters |
$5,984.07
ISK826,520
|
$19,264.75
A$29,162.50
|
|
pay 12.2% more for entertainment and sports
|
Reykjavik
|
Melbourne
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$10.79
ISK1,491
|
$6.65
A$10.06
|
|
| Cappuccino in mid-range area |
$5.09
ISK703
|
$3.40
A$5.15
|
|
|
Pack of cigarettes
Marlboro or similar
|
$11.87
ISK1,640
|
$29.91
A$45.27
|
|
| Monthly membership at local gym |
$65.50
ISK9,047
|
$51.92
A$78.59
|
|
| Movie ticket to theater/cinema |
$14.39
ISK1,988
|
$14.62
A$22.13
|
|
pay 15.6% less for clothing
|
Reykjavik
|
Melbourne
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$103.94
ISK14,356
|
$79.63
A$120.54
|
|
|
Regular dress
from H&M or similar store
|
$43.50
ISK6,008
|
$52.42
A$79.36
|
|
|
Running shoes
Nike or Adidas
|
$141.47
ISK19,540
|
$105.56
A$159.79
|
|
| Men's business shoes (leather) |
$174.65
ISK24,123
|
$115.21
A$174.41
|
|
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