Cost of living comparison
Reykjavik is 4.5% more expensive than Sydney.
- Restaurants
-
pay 34.3% more in Reykjavik
- Groceries
-
pay 21.4% more in Reykjavik
- Transportation
-
pay 11.6% more in Reykjavik
- Housing
-
pay 4.2% less in Reykjavik
- Childcare
-
pay 77.0% less in Reykjavik
- Entertainment and Sports
-
pay 13.0% more in Reykjavik
- Clothing
-
pay 32.4% more in Reykjavik
The cost of restaurants, clothing, groceries, entertainment and sports, and transportation in Reykjavik are more expensive than in Sydney. Expenses including childcare and housing are lower in Reykjavik.
If you lived in Reykjavik instead of Sydney, you would:
pay 34.3% more for restaurants
|
Sydney
|
Reykjavik
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$16.48
A$26.03
|
$20.00
ISK2,689
|
|
|
Fast food combo meal
McDonalds, or similar
|
$9.89
A$15.62
|
$18.02
ISK2,423
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$2.49
A$3.94
|
$3.15
ISK424
|
|
| Bottle of water (11 fl. oz) |
$2.04
A$3.23
|
$2.19
ISK294
|
|
pay 21.4% more for groceries
|
Sydney
|
Reykjavik
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$2.80
A$4.42
|
$3.61
ISK485
|
|
| Local cheese (8 oz) |
$5.66
A$8.94
|
$7.76
ISK1,043
|
|
| Milk (1 gallon) |
$6.60
A$10.43
|
$6.40
ISK861
|
|
|
Eggs
1 dozen
|
$4.35
A$6.87
|
$5.76
ISK774
|
|
| Boneless chicken breast (1 lb) |
$3.91
A$6.18
|
$9.45
ISK1,270
|
|
| Apples (1 lb) |
$1.47
A$2.32
|
$1.40
ISK189
|
|
| Bananas (1 lb) |
$1.29
A$2.03
|
$1.01
ISK136
|
|
| Oranges (1 lb) |
$1.38
A$2.17
|
$1.22
ISK164
|
|
| Tomatoes (1 lb) |
$1.94
A$3.06
|
$2.22
ISK299
|
|
| Potatoes (1 lb) |
$1.10
A$1.74
|
$1.43
ISK193
|
|
| Onions (1 lb) |
$1.02
A$1.62
|
$0.93
ISK126
|
|
pay 11.6% more for transportation
|
Sydney
|
Reykjavik
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$4.95
A$7.82
|
$8.50
ISK1,143
|
|
| Monthly public transit pass |
$143.27
A$226.33
|
$74.95
ISK10,078
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$29,276.08
A$46,249.74
|
$42,450.45
ISK5,707,888
|
|
| Taxi trip in downtown area (5 miles) |
$31.14
A$49.19
|
$24.05
ISK3,234
|
|
pay 4.2% less for housing
|
Sydney
|
Reykjavik
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$52.22
A$82.50
|
$69.87
ISK9,394
|
|
| 1-Bedroom apartment in downtown area |
$2,177.38
A$3,439.78
|
$1,971.17
ISK265,044
|
|
| 1-Bedroom apartment outside city center |
$1,459.01
A$2,304.91
|
$1,803.44
ISK242,491
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$152.64
A$241.13
|
$53.95
ISK7,255
|
|
pay 77.0% less for childcare
|
Sydney
|
Reykjavik
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$1,995.92
A$3,153.11
|
$252.14
ISK33,903
|
|
| Middle school for 1 child, two semesters |
$17,906.19
A$28,287.83
|
$5,993.99
ISK805,952
|
|
pay 13.0% more for entertainment and sports
|
Sydney
|
Reykjavik
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$6.59
A$10.41
|
$10.81
ISK1,454
|
|
| Cappuccino in mid-range area |
$3.47
A$5.48
|
$5.31
ISK713
|
|
|
Pack of cigarettes
Marlboro or similar
|
$32.95
A$52.06
|
$12.25
ISK1,646
|
|
| Monthly membership at local gym |
$59.52
A$94.03
|
$69.95
ISK9,405
|
|
| Movie ticket to theater/cinema |
$15.82
A$24.99
|
$14.77
ISK1,987
|
|
pay 32.4% more for clothing
|
Sydney
|
Reykjavik
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$74.12
A$117.10
|
$108.97
ISK14,652
|
|
|
Regular dress
from H&M or similar store
|
$53.36
A$84.29
|
$49.72
ISK6,685
|
|
|
Running shoes
Nike or Adidas
|
$108.20
A$170.93
|
$151.85
ISK20,418
|
|
| Men's business shoes (leather) |
$130.17
A$205.64
|
$194.16
ISK26,106
|
|
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