Cost of Living Comparison Between Iceland and Australia 
| Indices Difference |  |
|---|---|
| Cost of Living in Australia is 29.7% lower than in Iceland (excluding rent) | |
| Cost of Living Including Rent in Australia is 30.8% lower than in Iceland | |
| Rent Prices in Australia are 33.5% lower than in Iceland | |
| Restaurant Prices in Australia are 39.3% lower than in Iceland | |
| Groceries Prices in Australia are 26.7% lower than in Iceland | |
| Local Purchasing Power in Australia is 22.0% higher than in Iceland | |
Restaurants | Iceland Edit |
Australia Edit | Difference |
|---|---|---|---|
| Meal, Inexpensive Restaurant |
3,100.00 kr (36.96 A$) |
2,097.03 kr (25.00 A$) |
-32.4 % |
| Meal for 2 People, Mid-range Restaurant, Three-course |
17,500.00 kr (208.63 A$) |
10,065.73 kr (120.00 A$) |
-42.5 % |
| McMeal at McDonalds (or Equivalent Combo Meal) |
2,500.00 kr (29.80 A$) |
1,258.22 kr (15.00 A$) |
-49.7 % |
| Domestic Beer (1 pint draught) |
1,500.00 kr (17.88 A$) |
838.81 kr (10.00 A$) |
-44.1 % |
| Imported Beer (12 oz small bottle) |
1,300.00 kr (15.50 A$) |
922.69 kr (11.00 A$) |
-29.0 % |
| Cappuccino (regular) |
751.72 kr (8.96 A$) |
448.29 kr (5.34 A$) |
-40.4 % |
| Coke/Pepsi (12 oz small bottle) |
409.99 kr (4.89 A$) |
340.08 kr (4.05 A$) |
-17.1 % |
| Water (12 oz small bottle) |
328.38 kr (3.91 A$) |
279.04 kr (3.33 A$) |
-15.0 % |
Markets | Iceland Edit |
Australia Edit | |
| Milk (regular), (1 gallon) |
876.70 kr (10.45 A$) |
748.97 kr (8.93 A$) |
-14.6 % |
| Loaf of Fresh White Bread (1 lb) |
456.11 kr (5.44 A$) |
286.06 kr (3.41 A$) |
-37.3 % |
| Rice (white), (1 lb) |
198.51 kr (2.37 A$) |
121.48 kr (1.45 A$) |
-38.8 % |
| Eggs (regular) (12) |
811.62 kr (9.68 A$) |
549.42 kr (6.55 A$) |
-32.3 % |
| Local Cheese (1 lb) |
1,029.73 kr (12.28 A$) |
521.01 kr (6.21 A$) |
-49.4 % |
| Chicken Fillets (1 lb) |
1,350.40 kr (16.10 A$) |
494.42 kr (5.89 A$) |
-63.4 % |
| Beef Round (1 lb) (or Equivalent Back Leg Red Meat) |
2,326.81 kr (27.74 A$) |
808.79 kr (9.64 A$) |
-65.2 % |
| Apples (1 lb) |
175.18 kr (2.09 A$) |
186.46 kr (2.22 A$) |
+6.4 % |
| Banana (1 lb) |
139.94 kr (1.67 A$) |
160.15 kr (1.91 A$) |
+14.4 % |
| Oranges (1 lb) |
163.99 kr (1.95 A$) |
169.80 kr (2.02 A$) |
+3.5 % |
| Tomato (1 lb) |
286.79 kr (3.42 A$) |
249.72 kr (2.98 A$) |
-12.9 % |
| Potato (1 lb) |
203.14 kr (2.42 A$) |
142.83 kr (1.70 A$) |
-29.7 % |
| Onion (1 lb) |
126.47 kr (1.51 A$) |
124.90 kr (1.49 A$) |
-1.2 % |
| Lettuce (1 head) |
402.25 kr (4.80 A$) |
281.89 kr (3.36 A$) |
-29.9 % |
| Water (1.5 liter bottle) |
281.16 kr (3.35 A$) |
193.34 kr (2.30 A$) |
-31.2 % |
| Bottle of Wine (Mid-Range) |
3,000.00 kr (35.76 A$) |
1,677.62 kr (20.00 A$) |
-44.1 % |
| Domestic Beer (0.5 liter bottle) |
462.58 kr (5.51 A$) |
575.35 kr (6.86 A$) |
+24.4 % |
| Imported Beer (12 oz small bottle) |
389.06 kr (4.64 A$) |
635.20 kr (7.57 A$) |
+63.3 % |
| Cigarettes 20 Pack (Marlboro) |
1,725.00 kr (20.56 A$) |
4,026.29 kr (48.00 A$) |
+133.4 % |
Transportation | Iceland Edit |
Australia Edit | |
| One-way Ticket (Local Transport) |
650.00 kr (7.75 A$) |
377.46 kr (4.50 A$) |
-41.9 % |
| Monthly Pass (Regular Price) |
10,400.00 kr (123.99 A$) |
12,582.17 kr (150.00 A$) |
+21.0 % |
| Taxi Start (Normal Tariff) |
790.00 kr (9.42 A$) |
503.29 kr (6.00 A$) |
-36.3 % |
| Taxi 1 mile (Normal Tariff) |
521.43 kr (6.22 A$) |
364.48 kr (4.35 A$) |
-30.1 % |
| Taxi 1hour Waiting (Normal Tariff) |
10,620.00 kr (126.61 A$) |
4,865.10 kr (58.00 A$) |
-54.2 % |
| Gasoline (1 gallon) |
1,182.00 kr (14.09 A$) |
581.96 kr (6.94 A$) |
-50.8 % |
| Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) |
5,890,000.00 kr (70,218.44 A$) |
3,726,250.37 kr (44,423.00 A$) |
-36.7 % |
| Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) |
6,666,666.67 kr (79,477.57 A$) |
2,927,657.14 kr (34,902.46 A$) |
-56.1 % |
Utilities (Monthly) | Iceland Edit |
Australia Edit | |
| Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment |
10,924.64 kr (130.24 A$) |
22,554.16 kr (268.88 A$) |
+106.5 % |
| Mobile Phone Monthly Plan with Calls and 10GB+ Data |
3,427.78 kr (40.86 A$) |
3,423.96 kr (40.82 A$) |
-0.1 % |
| Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) |
10,266.89 kr (122.40 A$) |
6,824.50 kr (81.36 A$) |
-33.5 % |
Sports And Leisure | Iceland Edit |
Australia Edit | |
| Fitness Club, Monthly Fee for 1 Adult |
10,068.26 kr (120.03 A$) |
6,116.79 kr (72.92 A$) |
-39.2 % |
| Tennis Court Rent (1 Hour on Weekend) |
4,816.67 kr (57.42 A$) |
2,143.42 kr (25.55 A$) |
-55.5 % |
| Cinema, International Release, 1 Seat |
2,190.00 kr (26.11 A$) |
1,845.38 kr (22.00 A$) |
-15.7 % |
Childcare | Iceland Edit |
Australia Edit | |
| Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child |
42,475.25 kr (506.37 A$) |
203,966.35 kr (2,431.61 A$) |
+380.2 % |
| International Primary School, Yearly for 1 Child |
3,744,295.00 kr (44,638.12 A$) |
1,647,165.38 kr (19,636.91 A$) |
-56.0 % |
Clothing And Shoes | Iceland Edit |
Australia Edit | |
| 1 Pair of Jeans (Levis 501 Or Similar) |
17,356.84 kr (206.92 A$) |
9,289.13 kr (110.74 A$) |
-46.5 % |
| 1 Summer Dress in a Chain Store (Zara, H&M, ...) |
7,436.25 kr (88.65 A$) |
6,612.53 kr (78.83 A$) |
-11.1 % |
| 1 Pair of Nike Running Shoes (Mid-Range) |
21,895.00 kr (261.02 A$) |
13,150.34 kr (156.77 A$) |
-39.9 % |
| 1 Pair of Men Leather Business Shoes |
29,685.94 kr (353.90 A$) |
14,210.91 kr (169.42 A$) |
-52.1 % |
Rent Per Month | Iceland Edit |
Australia Edit | |
| Apartment (1 bedroom) in City Centre |
277,291.67 kr (3,305.77 A$) |
177,271.96 kr (2,113.37 A$) |
-36.1 % |
| Apartment (1 bedroom) Outside of Centre |
249,310.34 kr (2,972.19 A$) |
140,918.57 kr (1,679.98 A$) |
-43.5 % |
| Apartment (3 bedrooms) in City Centre |
393,961.54 kr (4,696.67 A$) |
297,366.11 kr (3,545.09 A$) |
-24.5 % |
| Apartment (3 bedrooms) Outside of Centre |
338,074.07 kr (4,030.40 A$) |
221,195.50 kr (2,637.01 A$) |
-34.6 % |
Buy Apartment Price | Iceland Edit |
Australia Edit | |
| Price per Square Feet to Buy Apartment in City Centre |
85,617.11 kr (1,020.70 A$) |
79,446.43 kr (947.13 A$) |
-7.2 % |
| Price per Square Feet to Buy Apartment Outside of Centre |
72,898.79 kr (869.07 A$) |
59,122.60 kr (704.84 A$) |
-18.9 % |
Salaries And Financing | Iceland Edit |
Australia Edit | |
| Average Monthly Net Salary (After Tax) |
551,486.83 kr (6,574.63 A$) |
465,441.86 kr (5,548.83 A$) |
-15.6 % |
| Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate | 9.76 | 6.37 | -34.8 % |
| Last update: | March 2025 | April 2025 | |
| Contributors in the past 12 months: | 143 | 1504 |
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