Cost of Living Comparison Between Iceland and Australia 
| Indices Difference |  |
|---|---|
| Cost of Living in Australia is 15.3% lower than in Iceland (without rent) | |
| Cost of Living Including Rent in Australia is 14.8% lower than in Iceland | |
| Rent Prices in Australia are 13.6% lower than in Iceland | |
| Restaurant Prices in Australia are 26.8% lower than in Iceland | |
| Groceries Prices in Australia are 13.3% lower than in Iceland | |
| Local Purchasing Power in Australia is 4.6% higher than in Iceland | |
Restaurants | Iceland Edit |
Australia Edit | Difference |
|---|---|---|---|
| Meal, Inexpensive Restaurant |
3,000.00 kr (32.54 A$) |
2,304.73 kr (25.00 A$) |
-23.2 % |
| Meal for 2 People, Mid-range Restaurant, Three-course |
16,000.00 kr (173.56 A$) |
11,339.27 kr (123.00 A$) |
-29.1 % |
| McMeal at McDonalds (or Equivalent Combo Meal) |
2,299.50 kr (24.94 A$) |
1,382.84 kr (15.00 A$) |
-39.9 % |
| Domestic Beer (1 pint draught) |
1,407.80 kr (15.27 A$) |
967.99 kr (10.50 A$) |
-31.2 % |
| Imported Beer (12 oz small bottle) |
1,200.00 kr (13.02 A$) |
1,014.08 kr (11.00 A$) |
-15.5 % |
| Cappuccino (regular) |
677.65 kr (7.35 A$) |
486.83 kr (5.28 A$) |
-28.2 % |
| Coke/Pepsi (12 oz small bottle) |
395.46 kr (4.29 A$) |
369.06 kr (4.00 A$) |
-6.7 % |
| Water (12 oz small bottle) |
295.31 kr (3.20 A$) |
306.89 kr (3.33 A$) |
+3.9 % |
Markets | Iceland Edit |
Australia Edit | |
| Milk (regular), (1 gallon) |
851.36 kr (9.23 A$) |
809.63 kr (8.78 A$) |
-4.9 % |
| Loaf of Fresh White Bread (1 lb) |
436.03 kr (4.73 A$) |
314.89 kr (3.42 A$) |
-27.8 % |
| Rice (white), (1 lb) |
200.65 kr (2.18 A$) |
137.08 kr (1.49 A$) |
-31.7 % |
| Eggs (regular) (12) |
799.45 kr (8.67 A$) |
562.92 kr (6.11 A$) |
-29.6 % |
| Local Cheese (1 lb) |
922.17 kr (10.00 A$) |
640.81 kr (6.95 A$) |
-30.5 % |
| Chicken Fillets (1 lb) |
1,174.00 kr (12.73 A$) |
541.91 kr (5.88 A$) |
-53.8 % |
| Beef Round (1 lb) (or Equivalent Back Leg Red Meat) |
1,944.92 kr (21.10 A$) |
908.66 kr (9.86 A$) |
-53.3 % |
| Apples (1 lb) |
196.97 kr (2.14 A$) |
202.22 kr (2.19 A$) |
+2.7 % |
| Banana (1 lb) |
139.08 kr (1.51 A$) |
168.98 kr (1.83 A$) |
+21.5 % |
| Oranges (1 lb) |
171.14 kr (1.86 A$) |
195.40 kr (2.12 A$) |
+14.2 % |
| Tomato (1 lb) |
292.63 kr (3.17 A$) |
277.47 kr (3.01 A$) |
-5.2 % |
| Potato (1 lb) |
192.72 kr (2.09 A$) |
155.15 kr (1.68 A$) |
-19.5 % |
| Onion (1 lb) |
120.30 kr (1.30 A$) |
137.68 kr (1.49 A$) |
+14.4 % |
| Lettuce (1 head) |
434.00 kr (4.71 A$) |
323.99 kr (3.51 A$) |
-25.3 % |
| Water (1.5 liter bottle) |
293.47 kr (3.18 A$) |
237.21 kr (2.57 A$) |
-19.2 % |
| Bottle of Wine (Mid-Range) |
2,750.00 kr (29.83 A$) |
1,843.78 kr (20.00 A$) |
-33.0 % |
| Domestic Beer (0.5 liter bottle) |
439.70 kr (4.77 A$) |
680.06 kr (7.38 A$) |
+54.7 % |
| Imported Beer (12 oz small bottle) |
369.58 kr (4.01 A$) |
775.14 kr (8.41 A$) |
+109.7 % |
| Cigarettes 20 Pack (Marlboro) |
1,650.00 kr (17.90 A$) |
4,148.51 kr (45.00 A$) |
+151.4 % |
Transportation | Iceland Edit |
Australia Edit | |
| One-way Ticket (Local Transport) |
570.00 kr (6.18 A$) |
460.95 kr (5.00 A$) |
-19.1 % |
| Monthly Pass (Regular Price) |
9,300.00 kr (100.88 A$) |
15,487.78 kr (168.00 A$) |
+66.5 % |
| Taxi Start (Normal Tariff) |
730.00 kr (7.92 A$) |
553.13 kr (6.00 A$) |
-24.2 % |
| Taxi 1 mile (Normal Tariff) |
487.63 kr (5.29 A$) |
400.58 kr (4.35 A$) |
-17.9 % |
| Taxi 1hour Waiting (Normal Tariff) |
9,360.00 kr (101.53 A$) |
5,531.35 kr (60.00 A$) |
-40.9 % |
| Gasoline (1 gallon) |
1,176.88 kr (12.77 A$) |
661.21 kr (7.17 A$) |
-43.8 % |
| Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) |
5,290,000.00 kr (57,382.02 A$) |
4,056,967.96 kr (44,007.00 A$) |
-23.3 % |
| Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) |
5,774,916.67 kr (62,642.04 A$) |
3,078,963.24 kr (33,398.33 A$) |
-46.7 % |
Utilities (Monthly) | Iceland Edit |
Australia Edit | |
| Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment |
14,745.41 kr (159.95 A$) |
28,688.61 kr (311.19 A$) |
+94.6 % |
| Mobile Phone Monthly Plan with Calls and 10GB+ Data |
3,320.53 kr (36.02 A$) |
3,848.57 kr (41.75 A$) |
+15.9 % |
| Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) |
9,857.39 kr (106.93 A$) |
7,603.10 kr (82.47 A$) |
-22.9 % |
Sports And Leisure | Iceland Edit |
Australia Edit | |
| Fitness Club, Monthly Fee for 1 Adult |
8,865.14 kr (96.16 A$) |
7,195.67 kr (78.05 A$) |
-18.8 % |
| Tennis Court Rent (1 Hour on Weekend) |
4,248.33 kr (46.08 A$) |
2,450.30 kr (26.58 A$) |
-42.3 % |
| Cinema, International Release, 1 Seat |
2,000.00 kr (21.69 A$) |
1,982.07 kr (21.50 A$) |
-0.9 % |
Childcare | Iceland Edit |
Australia Edit | |
| Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child |
36,663.56 kr (397.70 A$) |
218,325.30 kr (2,368.23 A$) |
+495.5 % |
| International Primary School, Yearly for 1 Child |
776,250.00 kr (8,420.19 A$) |
1,739,762.74 kr (18,871.66 A$) |
+124.1 % |
Clothing And Shoes | Iceland Edit |
Australia Edit | |
| 1 Pair of Jeans (Levis 501 Or Similar) |
16,025.31 kr (173.83 A$) |
11,198.19 kr (121.47 A$) |
-30.1 % |
| 1 Summer Dress in a Chain Store (Zara, H&M, ...) |
6,962.11 kr (75.52 A$) |
8,049.30 kr (87.31 A$) |
+15.6 % |
| 1 Pair of Nike Running Shoes (Mid-Range) |
21,026.67 kr (228.08 A$) |
15,607.58 kr (169.30 A$) |
-25.8 % |
| 1 Pair of Men Leather Business Shoes |
24,089.05 kr (261.30 A$) |
17,027.56 kr (184.70 A$) |
-29.3 % |
Rent Per Month | Iceland Edit |
Australia Edit | |
| Apartment (1 bedroom) in City Centre |
242,660.26 kr (2,632.20 A$) |
211,121.60 kr (2,290.09 A$) |
-13.0 % |
| Apartment (1 bedroom) Outside of Centre |
216,068.91 kr (2,343.76 A$) |
164,959.77 kr (1,789.36 A$) |
-23.7 % |
| Apartment (3 bedrooms) in City Centre |
341,073.17 kr (3,699.71 A$) |
335,750.13 kr (3,641.97 A$) |
-1.6 % |
| Apartment (3 bedrooms) Outside of Centre |
308,918.92 kr (3,350.92 A$) |
245,158.32 kr (2,659.30 A$) |
-20.6 % |
Buy Apartment Price | Iceland Edit |
Australia Edit | |
| Price per Square Feet to Buy Apartment in City Centre |
73,973.43 kr (802.41 A$) |
100,244.93 kr (1,087.38 A$) |
+35.5 % |
| Price per Square Feet to Buy Apartment Outside of Centre |
60,426.59 kr (655.46 A$) |
73,278.97 kr (794.88 A$) |
+21.3 % |
Salaries And Financing | Iceland Edit |
Australia Edit | |
| Average Monthly Net Salary (After Tax) |
583,550.82 kr (6,329.93 A$) |
519,943.86 kr (5,639.97 A$) |
-10.9 % |
| Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate | 7.37 | 6.40 | -13.1 % |
| Last update: | May 2024 | May 2024 | |
| Contributors in the past 12 months: | 202 | 1734 |
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