Cost of living comparison
Reykjavik is 4.5% more expensive than Sydney.
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$26.36
|
$20.00
ISK2,783
|
|
|
Fast food combo meal
McDonalds, or similar
|
$9.89
A$15.81
|
$18.02
ISK2,507
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$2.49
A$3.99
|
$3.15
ISK439
|
|
| Bottle of water (11 fl. oz) |
$2.04
A$3.27
|
$2.19
ISK304
|
|
pay 21.4% more for groceries
|
Sydney
|
Reykjavik
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$2.80
A$4.48
|
$3.61
ISK502
|
|
| Local cheese (8 oz) |
$5.66
A$9.05
|
$7.76
ISK1,079
|
|
| Milk (1 gallon) |
$6.60
A$10.56
|
$6.40
ISK891
|
|
|
Eggs
1 dozen
|
$4.35
A$6.95
|
$5.76
ISK801
|
|
| Boneless chicken breast (1 lb) |
$3.91
A$6.26
|
$9.45
ISK1,314
|
|
| Apples (1 lb) |
$1.47
A$2.35
|
$1.40
ISK195
|
|
| Bananas (1 lb) |
$1.29
A$2.06
|
$1.01
ISK140
|
|
| Oranges (1 lb) |
$1.38
A$2.20
|
$1.22
ISK169
|
|
| Tomatoes (1 lb) |
$1.94
A$3.10
|
$2.22
ISK309
|
|
| Potatoes (1 lb) |
$1.10
A$1.76
|
$1.43
ISK200
|
|
| Onions (1 lb) |
$1.02
A$1.64
|
$0.93
ISK130
|
|
pay 11.6% more for transportation
|
Sydney
|
Reykjavik
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$4.95
A$7.92
|
$8.50
ISK1,183
|
|
| Monthly public transit pass |
$143.27
A$229.19
|
$74.95
ISK10,428
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$29,276.08
A$46,834.24
|
$42,450.45
ISK5,906,131
|
|
| Taxi trip in downtown area (5 miles) |
$31.14
A$49.81
|
$24.05
ISK3,346
|
|
pay 4.2% less for housing
|
Sydney
|
Reykjavik
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$52.22
A$83.54
|
$69.87
ISK9,720
|
|
| 1-Bedroom apartment in downtown area |
$2,177.38
A$3,483.25
|
$1,971.17
ISK274,249
|
|
| 1-Bedroom apartment outside city center |
$1,459.01
A$2,334.04
|
$1,803.44
ISK250,913
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$152.64
A$244.18
|
$53.95
ISK7,507
|
|
pay 77.0% less for childcare
|
Sydney
|
Reykjavik
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$1,995.92
A$3,192.96
|
$252.14
ISK35,080
|
|
| Middle school for 1 child, two semesters |
$17,906.19
A$28,645.33
|
$5,993.99
ISK833,944
|
|
pay 13.0% more for entertainment and sports
|
Sydney
|
Reykjavik
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$6.59
A$10.54
|
$10.81
ISK1,504
|
|
| Cappuccino in mid-range area |
$3.47
A$5.55
|
$5.31
ISK738
|
|
|
Pack of cigarettes
Marlboro or similar
|
$32.95
A$52.71
|
$12.25
ISK1,704
|
|
| Monthly membership at local gym |
$59.52
A$95.22
|
$69.95
ISK9,732
|
|
| Movie ticket to theater/cinema |
$15.82
A$25.30
|
$14.77
ISK2,056
|
|
pay 32.4% more for clothing
|
Sydney
|
Reykjavik
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$74.12
A$118.58
|
$108.97
ISK15,161
|
|
|
Regular dress
from H&M or similar store
|
$53.36
A$85.36
|
$49.72
ISK6,918
|
|
|
Running shoes
Nike or Adidas
|
$108.20
A$173.09
|
$151.85
ISK21,127
|
|
| Men's business shoes (leather) |
$130.17
A$208.24
|
$194.16
ISK27,013
|
|
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