Cost of Living Comparison Between Iceland and Australia 
| Indices Difference |  |
|---|---|
| Cost of Living in Australia is 30.6% lower than in Iceland (excluding rent) | |
| Cost of Living Including Rent in Australia is 31.6% lower than in Iceland | |
| Rent Prices in Australia are 33.9% lower than in Iceland | |
| Restaurant Prices in Australia are 40.3% lower than in Iceland | |
| Groceries Prices in Australia are 27.7% lower than in Iceland | |
| Local Purchasing Power in Australia is 20.8% higher than in Iceland | |
Restaurants | Iceland Edit |
Australia Edit | Difference |
|---|---|---|---|
| Meal, Inexpensive Restaurant |
3,100.00 kr (37.63 A$) |
2,059.79 kr (25.00 A$) |
-33.6 % |
| Meal for 2 People, Mid-range Restaurant, Three-course |
17,500.00 kr (212.40 A$) |
9,887.00 kr (120.00 A$) |
-43.5 % |
| McMeal at McDonalds (or Equivalent Combo Meal) |
2,500.00 kr (30.34 A$) |
1,235.87 kr (15.00 A$) |
-50.6 % |
| Domestic Beer (1 pint draught) |
1,500.00 kr (18.21 A$) |
823.92 kr (10.00 A$) |
-45.1 % |
| Imported Beer (12 oz small bottle) |
1,292.35 kr (15.69 A$) |
906.31 kr (11.00 A$) |
-29.9 % |
| Cappuccino (regular) |
749.77 kr (9.10 A$) |
441.38 kr (5.36 A$) |
-41.1 % |
| Coke/Pepsi (12 oz small bottle) |
408.78 kr (4.96 A$) |
334.31 kr (4.06 A$) |
-18.2 % |
| Water (12 oz small bottle) |
327.20 kr (3.97 A$) |
275.53 kr (3.34 A$) |
-15.8 % |
Markets | Iceland Edit |
Australia Edit | |
| Milk (regular), (1 gallon) |
891.09 kr (10.82 A$) |
735.80 kr (8.93 A$) |
-17.4 % |
| Loaf of Fresh White Bread (1 lb) |
445.61 kr (5.41 A$) |
282.00 kr (3.42 A$) |
-36.7 % |
| Rice (white), (1 lb) |
197.27 kr (2.39 A$) |
119.00 kr (1.44 A$) |
-39.7 % |
| Eggs (regular) (12) |
818.07 kr (9.93 A$) |
544.45 kr (6.61 A$) |
-33.4 % |
| Local Cheese (1 lb) |
1,029.73 kr (12.50 A$) |
515.26 kr (6.25 A$) |
-50.0 % |
| Chicken Fillets (1 lb) |
1,350.80 kr (16.39 A$) |
487.20 kr (5.91 A$) |
-63.9 % |
| Beef Round (1 lb) (or Equivalent Back Leg Red Meat) |
2,326.81 kr (28.24 A$) |
800.01 kr (9.71 A$) |
-65.6 % |
| Apples (1 lb) |
175.18 kr (2.13 A$) |
183.14 kr (2.22 A$) |
+4.5 % |
| Banana (1 lb) |
139.94 kr (1.70 A$) |
158.16 kr (1.92 A$) |
+13.0 % |
| Oranges (1 lb) |
163.99 kr (1.99 A$) |
167.89 kr (2.04 A$) |
+2.4 % |
| Tomato (1 lb) |
286.79 kr (3.48 A$) |
246.47 kr (2.99 A$) |
-14.1 % |
| Potato (1 lb) |
203.14 kr (2.47 A$) |
140.99 kr (1.71 A$) |
-30.6 % |
| Onion (1 lb) |
126.19 kr (1.53 A$) |
122.96 kr (1.49 A$) |
-2.6 % |
| Lettuce (1 head) |
402.25 kr (4.88 A$) |
280.16 kr (3.40 A$) |
-30.4 % |
| Water (1.5 liter bottle) |
280.46 kr (3.40 A$) |
190.82 kr (2.32 A$) |
-32.0 % |
| Bottle of Wine (Mid-Range) |
3,000.00 kr (36.41 A$) |
1,647.83 kr (20.00 A$) |
-45.1 % |
| Domestic Beer (0.5 liter bottle) |
462.58 kr (5.61 A$) |
564.79 kr (6.85 A$) |
+22.1 % |
| Imported Beer (12 oz small bottle) |
389.06 kr (4.72 A$) |
625.72 kr (7.59 A$) |
+60.8 % |
| Cigarettes 20 Pack (Marlboro) |
1,725.00 kr (20.94 A$) |
3,954.80 kr (48.00 A$) |
+129.3 % |
Transportation | Iceland Edit |
Australia Edit | |
| One-way Ticket (Local Transport) |
640.00 kr (7.77 A$) |
370.76 kr (4.50 A$) |
-42.1 % |
| Monthly Pass (Regular Price) |
10,400.00 kr (126.23 A$) |
12,358.75 kr (150.00 A$) |
+18.8 % |
| Taxi Start (Normal Tariff) |
790.00 kr (9.59 A$) |
494.35 kr (6.00 A$) |
-37.4 % |
| Taxi 1 mile (Normal Tariff) |
521.43 kr (6.33 A$) |
358.01 kr (4.35 A$) |
-31.3 % |
| Taxi 1hour Waiting (Normal Tariff) |
10,620.00 kr (128.90 A$) |
4,778.72 kr (58.00 A$) |
-55.0 % |
| Gasoline (1 gallon) |
1,182.00 kr (14.35 A$) |
571.14 kr (6.93 A$) |
-51.7 % |
| Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) |
5,890,000.00 kr (71,487.83 A$) |
3,660,084.15 kr (44,423.00 A$) |
-37.9 % |
| Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) |
6,666,666.67 kr (80,914.35 A$) |
2,882,702.72 kr (34,987.80 A$) |
-56.8 % |
Utilities (Monthly) | Iceland Edit |
Australia Edit | |
| Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment |
10,924.64 kr (132.59 A$) |
22,333.71 kr (271.07 A$) |
+104.4 % |
| Mobile Phone Monthly Plan with Calls and 10GB+ Data |
3,430.36 kr (41.63 A$) |
3,399.45 kr (41.26 A$) |
-0.9 % |
| Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) |
10,270.53 kr (124.65 A$) |
6,715.05 kr (81.50 A$) |
-34.6 % |
Sports And Leisure | Iceland Edit |
Australia Edit | |
| Fitness Club, Monthly Fee for 1 Adult |
10,082.08 kr (122.37 A$) |
6,030.03 kr (73.19 A$) |
-40.2 % |
| Tennis Court Rent (1 Hour on Weekend) |
4,816.67 kr (58.46 A$) |
2,126.37 kr (25.81 A$) |
-55.9 % |
| Cinema, International Release, 1 Seat |
2,190.00 kr (26.58 A$) |
1,812.62 kr (22.00 A$) |
-17.2 % |
Childcare | Iceland Edit |
Australia Edit | |
| Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child |
42,475.25 kr (515.53 A$) |
200,344.57 kr (2,431.61 A$) |
+371.7 % |
| International Primary School, Yearly for 1 Child |
3,744,295.00 kr (45,445.08 A$) |
1,603,787.65 kr (19,465.42 A$) |
-57.2 % |
Clothing And Shoes | Iceland Edit |
Australia Edit | |
| 1 Pair of Jeans (Levis 501 Or Similar) |
17,356.84 kr (210.66 A$) |
9,115.51 kr (110.64 A$) |
-47.5 % |
| 1 Summer Dress in a Chain Store (Zara, H&M, ...) |
7,436.25 kr (90.25 A$) |
6,501.58 kr (78.91 A$) |
-12.6 % |
| 1 Pair of Nike Running Shoes (Mid-Range) |
21,566.67 kr (261.76 A$) |
12,977.01 kr (157.50 A$) |
-39.8 % |
| 1 Pair of Men Leather Business Shoes |
29,685.94 kr (360.30 A$) |
14,024.27 kr (170.21 A$) |
-52.8 % |
Rent Per Month | Iceland Edit |
Australia Edit | |
| Apartment (1 bedroom) in City Centre |
275,000.00 kr (3,337.72 A$) |
175,629.28 kr (2,131.64 A$) |
-36.1 % |
| Apartment (1 bedroom) Outside of Centre |
250,000.00 kr (3,034.29 A$) |
139,192.70 kr (1,689.40 A$) |
-44.3 % |
| Apartment (3 bedrooms) in City Centre |
393,961.54 kr (4,781.57 A$) |
296,870.59 kr (3,603.16 A$) |
-24.6 % |
| Apartment (3 bedrooms) Outside of Centre |
338,074.07 kr (4,103.26 A$) |
219,586.87 kr (2,665.16 A$) |
-35.0 % |
Buy Apartment Price | Iceland Edit |
Australia Edit | |
| Price per Square Feet to Buy Apartment in City Centre |
85,617.11 kr (1,039.15 A$) |
80,007.27 kr (971.06 A$) |
-6.6 % |
| Price per Square Feet to Buy Apartment Outside of Centre |
72,898.79 kr (884.78 A$) |
59,677.23 kr (724.31 A$) |
-18.1 % |
Salaries And Financing | Iceland Edit |
Australia Edit | |
| Average Monthly Net Salary (After Tax) |
552,104.04 kr (6,700.97 A$) |
456,425.43 kr (5,539.71 A$) |
-17.3 % |
| Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate | 9.76 | 6.36 | -34.8 % |
| Last update: | April 2025 | April 2025 | |
| Contributors in the past 12 months: | 146 | 1572 |
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