Cost of Living Comparison Between Australia and Iceland 
| Indices Difference |  |
|---|---|
| Cost of Living in Iceland is 44.2% higher than in Australia (excluding rent) | |
| Cost of Living Including Rent in Iceland is 46.2% higher than in Australia | |
| Rent Prices in Iceland are 51.2% higher than in Australia | |
| Restaurant Prices in Iceland are 67.6% higher than in Australia | |
| Groceries Prices in Iceland are 38.2% higher than in Australia | |
| Local Purchasing Power in Iceland is 17.2% lower than in Australia | |
Restaurants | Australia Edit |
Iceland Edit | Difference |
|---|---|---|---|
| Meal, Inexpensive Restaurant |
25.00 A$ (2,059.79 kr) |
37.63 A$ (3,100.00 kr) |
+50.5 % |
| Meal for 2 People, Mid-range Restaurant, Three-course |
120.00 A$ (9,887.00 kr) |
212.40 A$ (17,500.00 kr) |
+77.0 % |
| McMeal at McDonalds (or Equivalent Combo Meal) |
15.00 A$ (1,235.87 kr) |
30.34 A$ (2,500.00 kr) |
+102.3 % |
| Domestic Beer (1 pint draught) |
10.00 A$ (823.92 kr) |
18.21 A$ (1,500.00 kr) |
+82.1 % |
| Imported Beer (12 oz small bottle) |
11.00 A$ (906.31 kr) |
15.69 A$ (1,292.35 kr) |
+42.6 % |
| Cappuccino (regular) |
5.36 A$ (441.38 kr) |
9.10 A$ (749.77 kr) |
+69.9 % |
| Coke/Pepsi (12 oz small bottle) |
4.06 A$ (334.31 kr) |
4.96 A$ (408.78 kr) |
+22.3 % |
| Water (12 oz small bottle) |
3.34 A$ (275.53 kr) |
3.97 A$ (327.20 kr) |
+18.8 % |
Markets | Australia Edit |
Iceland Edit | |
| Milk (regular), (1 gallon) |
8.93 A$ (735.80 kr) |
10.82 A$ (891.09 kr) |
+21.1 % |
| Loaf of Fresh White Bread (1 lb) |
3.42 A$ (282.00 kr) |
5.41 A$ (445.61 kr) |
+58.0 % |
| Rice (white), (1 lb) |
1.44 A$ (119.00 kr) |
2.39 A$ (197.27 kr) |
+65.8 % |
| Eggs (regular) (12) |
6.61 A$ (544.45 kr) |
9.93 A$ (818.07 kr) |
+50.3 % |
| Local Cheese (1 lb) |
6.25 A$ (515.26 kr) |
12.50 A$ (1,029.73 kr) |
+99.8 % |
| Chicken Fillets (1 lb) |
5.91 A$ (487.20 kr) |
16.39 A$ (1,350.80 kr) |
+177.3 % |
| Beef Round (1 lb) (or Equivalent Back Leg Red Meat) |
9.71 A$ (800.01 kr) |
28.24 A$ (2,326.81 kr) |
+190.8 % |
| Apples (1 lb) |
2.22 A$ (183.14 kr) |
2.13 A$ (175.18 kr) |
-4.3 % |
| Banana (1 lb) |
1.92 A$ (158.16 kr) |
1.70 A$ (139.94 kr) |
-11.5 % |
| Oranges (1 lb) |
2.04 A$ (167.89 kr) |
1.99 A$ (163.99 kr) |
-2.3 % |
| Tomato (1 lb) |
2.99 A$ (246.47 kr) |
3.48 A$ (286.79 kr) |
+16.4 % |
| Potato (1 lb) |
1.71 A$ (140.99 kr) |
2.47 A$ (203.14 kr) |
+44.1 % |
| Onion (1 lb) |
1.49 A$ (122.96 kr) |
1.53 A$ (126.19 kr) |
+2.6 % |
| Lettuce (1 head) |
3.40 A$ (280.16 kr) |
4.88 A$ (402.25 kr) |
+43.6 % |
| Water (1.5 liter bottle) |
2.32 A$ (190.82 kr) |
3.40 A$ (280.46 kr) |
+47.0 % |
| Bottle of Wine (Mid-Range) |
20.00 A$ (1,647.83 kr) |
36.41 A$ (3,000.00 kr) |
+82.1 % |
| Domestic Beer (0.5 liter bottle) |
6.85 A$ (564.79 kr) |
5.61 A$ (462.58 kr) |
-18.1 % |
| Imported Beer (12 oz small bottle) |
7.59 A$ (625.72 kr) |
4.72 A$ (389.06 kr) |
-37.8 % |
| Cigarettes 20 Pack (Marlboro) |
48.00 A$ (3,954.80 kr) |
20.94 A$ (1,725.00 kr) |
-56.4 % |
Transportation | Australia Edit |
Iceland Edit | |
| One-way Ticket (Local Transport) |
4.50 A$ (370.76 kr) |
7.77 A$ (640.00 kr) |
+72.6 % |
| Monthly Pass (Regular Price) |
150.00 A$ (12,358.75 kr) |
126.23 A$ (10,400.00 kr) |
-15.8 % |
| Taxi Start (Normal Tariff) |
6.00 A$ (494.35 kr) |
9.59 A$ (790.00 kr) |
+59.8 % |
| Taxi 1 mile (Normal Tariff) |
4.35 A$ (358.01 kr) |
6.33 A$ (521.43 kr) |
+45.6 % |
| Taxi 1hour Waiting (Normal Tariff) |
58.00 A$ (4,778.72 kr) |
128.90 A$ (10,620.00 kr) |
+122.2 % |
| Gasoline (1 gallon) |
6.93 A$ (571.14 kr) |
14.35 A$ (1,182.00 kr) |
+107.0 % |
| Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) |
44,423.00 A$ (3,660,084.15 kr) |
71,487.83 A$ (5,890,000.00 kr) |
+60.9 % |
| Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) |
34,987.80 A$ (2,882,702.72 kr) |
80,914.35 A$ (6,666,666.67 kr) |
+131.3 % |
Utilities (Monthly) | Australia Edit |
Iceland Edit | |
| Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment |
271.07 A$ (22,333.71 kr) |
132.59 A$ (10,924.64 kr) |
-51.1 % |
| Mobile Phone Monthly Plan with Calls and 10GB+ Data |
41.26 A$ (3,399.45 kr) |
41.63 A$ (3,430.36 kr) |
+0.9 % |
| Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) |
81.50 A$ (6,715.05 kr) |
124.65 A$ (10,270.53 kr) |
+52.9 % |
Sports And Leisure | Australia Edit |
Iceland Edit | |
| Fitness Club, Monthly Fee for 1 Adult |
73.19 A$ (6,030.03 kr) |
122.37 A$ (10,082.08 kr) |
+67.2 % |
| Tennis Court Rent (1 Hour on Weekend) |
25.81 A$ (2,126.37 kr) |
58.46 A$ (4,816.67 kr) |
+126.5 % |
| Cinema, International Release, 1 Seat |
22.00 A$ (1,812.62 kr) |
26.58 A$ (2,190.00 kr) |
+20.8 % |
Childcare | Australia Edit |
Iceland Edit | |
| Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child |
2,431.61 A$ (200,344.57 kr) |
515.53 A$ (42,475.25 kr) |
-78.8 % |
| International Primary School, Yearly for 1 Child |
19,465.42 A$ (1,603,787.65 kr) |
45,445.08 A$ (3,744,295.00 kr) |
+133.5 % |
Clothing And Shoes | Australia Edit |
Iceland Edit | |
| 1 Pair of Jeans (Levis 501 Or Similar) |
110.64 A$ (9,115.51 kr) |
210.66 A$ (17,356.84 kr) |
+90.4 % |
| 1 Summer Dress in a Chain Store (Zara, H&M, ...) |
78.91 A$ (6,501.58 kr) |
90.25 A$ (7,436.25 kr) |
+14.4 % |
| 1 Pair of Nike Running Shoes (Mid-Range) |
157.50 A$ (12,977.01 kr) |
261.76 A$ (21,566.67 kr) |
+66.2 % |
| 1 Pair of Men Leather Business Shoes |
170.21 A$ (14,024.27 kr) |
360.30 A$ (29,685.94 kr) |
+111.7 % |
Rent Per Month | Australia Edit |
Iceland Edit | |
| Apartment (1 bedroom) in City Centre |
2,131.64 A$ (175,629.28 kr) |
3,337.72 A$ (275,000.00 kr) |
+56.6 % |
| Apartment (1 bedroom) Outside of Centre |
1,689.40 A$ (139,192.70 kr) |
3,034.29 A$ (250,000.00 kr) |
+79.6 % |
| Apartment (3 bedrooms) in City Centre |
3,603.16 A$ (296,870.59 kr) |
4,781.57 A$ (393,961.54 kr) |
+32.7 % |
| Apartment (3 bedrooms) Outside of Centre |
2,665.16 A$ (219,586.87 kr) |
4,103.26 A$ (338,074.07 kr) |
+54.0 % |
Buy Apartment Price | Australia Edit |
Iceland Edit | |
| Price per Square Feet to Buy Apartment in City Centre |
971.06 A$ (80,007.27 kr) |
1,039.15 A$ (85,617.11 kr) |
+7.0 % |
| Price per Square Feet to Buy Apartment Outside of Centre |
724.31 A$ (59,677.23 kr) |
884.78 A$ (72,898.79 kr) |
+22.2 % |
Salaries And Financing | Australia Edit |
Iceland Edit | |
| Average Monthly Net Salary (After Tax) |
5,539.71 A$ (456,425.43 kr) |
6,700.97 A$ (552,104.04 kr) |
+21.0 % |
| Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate | 6.36 | 9.76 | +53.4 % |
| Last update: | April 2025 | April 2025 | |
| Contributors in the past 12 months: | 1572 | 146 |
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