Cost of living comparison

Sydney, Australia

compared to

Reykjavik, Iceland

Reykjavik vs. Sydney Cost of Living Summary

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.

Reykjavik vs. Sydney Cost Breakdown

If you lived in Reykjavik instead of Sydney, you would:

Display currency: USD

pay 34.3% more for restaurants

	Sydney	Reykjavik
Basic meal with drink at inexpensive restaurant	$16.48 A$26.03	$20.00 ISK2,689	+21.4%
Fast food combo meal McDonalds, or similar	$9.89 A$15.62	$18.02 ISK2,423	+82.3%
Bottle of Coca-Cola (11 fl. oz)	$2.49 A$3.94	$3.15 ISK424	+26.5%
Bottle of water (11 fl. oz)	$2.04 A$3.23	$2.19 ISK294	+6.9%
Average			+34.3%

Sydney vs. Reykjavik - Cost of restaurants

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pay 21.4% more for groceries

	Sydney	Reykjavik
Bread 1 loaf	$2.80 A$4.42	$3.61 ISK485	+29.0%
Local cheese (8 oz)	$5.66 A$8.94	$7.76 ISK1,043	+37.2%
Milk (1 gallon)	$6.60 A$10.43	$6.40 ISK861	-3.0%
Eggs 1 dozen	$4.35 A$6.87	$5.76 ISK774	+32.4%
Boneless chicken breast (1 lb)	$3.91 A$6.18	$9.45 ISK1,270	+141.4%
Apples (1 lb)	$1.47 A$2.32	$1.40 ISK189	-4.6%
Bananas (1 lb)	$1.29 A$2.03	$1.01 ISK136	-21.5%
Oranges (1 lb)	$1.38 A$2.17	$1.22 ISK164	-11.5%
Tomatoes (1 lb)	$1.94 A$3.06	$2.22 ISK299	+14.8%
Potatoes (1 lb)	$1.10 A$1.74	$1.43 ISK193	+30.1%
Onions (1 lb)	$1.02 A$1.62	$0.93 ISK126	-8.8%
Average			+21.4%

Sydney vs. Reykjavik - Cost of groceries

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pay 11.6% more for transportation

	Sydney	Reykjavik
Gasoline (1 gallon)	$4.95 A$7.82	$8.50 ISK1,143	+71.7%
Monthly public transit pass	$143.27 A$226.33	$74.95 ISK10,078	-47.7%
New Volkswagen Golf 1.4 (standard edition)	$29,276.08 A$46,249.74	$42,450.45 ISK5,707,888	+45.0%
Taxi trip in downtown area (5 miles)	$31.14 A$49.19	$24.05 ISK3,234	-22.8%
Average			+11.6%

Sydney vs. Reykjavik - Cost of transportation

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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	+33.8%
1-Bedroom apartment in downtown area	$2,177.38 A$3,439.78	$1,971.17 ISK265,044	-9.5%
1-Bedroom apartment outside city center	$1,459.01 A$2,304.91	$1,803.44 ISK242,491	+23.6%
Utilities for two (700 sq ft apartment) including electric, gas, water, heating	$152.64 A$241.13	$53.95 ISK7,255	-64.7%
Average			-4.2%

Sydney vs. Reykjavik - Cost of housing

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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	-87.4%
Middle school for 1 child, two semesters	$17,906.19 A$28,287.83	$5,993.99 ISK805,952	-66.5%
Average			-77.0%

Sydney vs. Reykjavik - Cost of childcare

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pay 13.0% more for entertainment and sports

	Sydney	Reykjavik
Domestic/local beer (1 pint)	$6.59 A$10.41	$10.81 ISK1,454	+64.0%
Cappuccino in mid-range area	$3.47 A$5.48	$5.31 ISK713	+52.9%
Pack of cigarettes Marlboro or similar	$32.95 A$52.06	$12.25 ISK1,646	-62.8%
Monthly membership at local gym	$59.52 A$94.03	$69.95 ISK9,405	+17.5%
Movie ticket to theater/cinema	$15.82 A$24.99	$14.77 ISK1,987	-6.6%
Average			+13.0%

Sydney vs. Reykjavik - Cost of entertainment and sports

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pay 32.4% more for clothing

	Sydney	Reykjavik
Regular jeans Levi's brand	$74.12 A$117.10	$108.97 ISK14,652	+47.0%
Regular dress from H&M or similar store	$53.36 A$84.29	$49.72 ISK6,685	-6.8%
Running shoes Nike or Adidas	$108.20 A$170.93	$151.85 ISK20,418	+40.3%
Men's business shoes (leather)	$130.17 A$205.64	$194.16 ISK26,106	+49.2%
Average			+32.4%

Sydney vs. Reykjavik - 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: March 2025

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