Melbourne vs Reykjavik - Cost of Living Comparison
Updated:
| Melbourne | Reykjavik | |
|---|---|---|
| 🚶 Cost of living one person | ||
| 👨👩👧👦 Cost of living Family | ||
| 🏠 One person rent | ||
| 🏘️ Family rent | ||
| 🍽️ Food expenses | ||
| 🚐 Transport expenses | ||
| 💳 Monthly salary after tax | ||
| 😷 Air quality | ||
| ✈️ Airport proximity | ||
| 🎓 Higher education | ||
| 😀 Quality of life | ||
| 🏙️ Population |
The cost of living in Melbourne is 25% less expensive than in Reykjavik. Cities ranked 893rd and 86th ($2496 vs $3322) in the list of the most expensive cities in the world and ranked 4th and 1st in Australia and Iceland, respectively. Check Australia vs Iceland comparison.
The average after-tax salary is enough to cover living expenses for 1.7 months in Melbourne compared to 1.4 months in Reykjavik. Melbourne ranked 1st best city to live in Australia vs Reykjavik ranked 1st in Iceland, while ranked 1st and 268th among best cities to live in the world.
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the estimated difference in money purchasing power
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Prices in Melbourne vs Reykjavik
Prices for goods and services in Melbourne and Reykjavik are partly crowdsourced by our visitors, just like yourself. Please consider telling us about your city.
| Melbourne | Reykjavik | |
|---|---|---|
| Eating Out | ||
| 🍱 Lunch Menu | ||
| 🥂 Dinner in a Restaurant, for 2 | ||
| 🥪 Fast food meal, equiv. McDonald's | ||
| 🍻 Beer in a Pub, 0.5 L or 16 fl oz | ||
| ☕ Cappuccino | ||
| 🥤 Pepsi / Coke, 0.5 L or 16.9 fl oz | ||
| Rent & Utilities | ||
| 🏙️ 1 bedroom apartment in Downtown, 40 m2 or 430 ft2 | ||
| 🏡 Cheap 1 bedroom apartment, 40 m2 or 430 ft2 | ||
| 🏙️ 3 bedroom apartment in Downtown, 80 m2 or 860 ft2 | ||
| 🏡 Cheap 3 bedroom apartment, 80 m2 or 860 ft2 | ||
| 🔌 Utility Bill one person, electricity, heating, water, etc. | ||
| 🔌 Utility Bill for a Family, electricity, heating, water, etc. | ||
| 🌐 Internet plan, 50 Mbps+ 1 month unlimited | ||
| 🏦 Mortgage Interest Rate for 20 Years | ||
| 🏙️ Apartment price to Buy in city Center, 1 m2 or 10 ft2 | ||
| 🏡 House price to Buy in Suburbs, 1 m2 or 10 ft2 | ||
| Transportation | ||
| 🚌 Local transport ticket | ||
| 🎟️ Monthly ticket local transport | ||
| 🚕 Taxi Ride, 8 km or 5 mi | ||
| ⛽ Gas / Petrol, 1 L or 0.26 gal | ||
| Groceries | ||
| 🥛 Milk, 1 L or 1 qt | ||
| 🍞 Bread, 0.5 kg or 1.1 lb | ||
| 🍚 Rice, 1 kg or 2.2 lb | ||
| 🥚 Eggs, x12 | ||
| 🧀 Cheese, 1 kg or 2.2 lb | ||
| 🐔 Chicken Breast, 1 kg or 2.2 lb | ||
| 🥩 Round Steak, 1 kg or 2.2 lb | ||
| 🍏 Apples, 1 kg or 2.2 lb | ||
| 🍌 Banana, 1 kg or 2.2 lb | ||
| 🍊 Oranges, 1 kg or 2.2 lb | ||
| 🍅 Tomato, 1 kg or 2.2 lb | ||
| 🥔 Potato, 1 kg or 2.2 lb | ||
| 🧅 Onion, 1 kg or 2.2 lb | ||
| 🌊 Water, 1 L or 1 qt | ||
| 🍹 Coca-Cola / Pepsi, 2 L or 67.6 fl oz | ||
| 🍾 Wine (mid-priced), 750 mL bottle | ||
| 🍺 Beer, 0.5 L or 16 fl oz | ||
| 🚬 Cigarette pack | ||
| 💊 Cold medicince, 1 week | ||
| 🧴 Hair Shampoo | ||
| 🧻 Toilet paper, 4 rolls | ||
| 👄 Toothpaste, 1 tube | ||
| Other | ||
| 🏋️ Gym Membership, 1 month | ||
| 🎫 Cinema Ticket, 1 person | ||
| 👩⚕️ Doctor's visit | ||
| 💇 Haircut, simple | ||
| 👖 Brand Jeans | ||
| 👟 Brand Sneakers | ||
| 👶 Daycare or Preschool, 1 month | ||
| 🏫 International Primary School, 1 year | ||
Cost of living in other countries
Cost of living
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Cost of Living in the nearest cities
Cities near Melbourne
| Distance | City | Cost of living |
|---|---|---|
| 3.2 km or 2 mi |  South Yarra | |
| 24 km or 15 mi | Hoppers Crossing | |
| 25 km or 16 mi | Tarneit | |
| 29 km or 18 mi | Dandenong | |
| 34 km or 21 mi | Sunbury | |
| 37 km or 23 mi | Melton | |
| 40 km or 25 mi | Frankston | |
| 41 km or 25 mi | Berwick | |
| 42 km or 26 mi | Cranbourne | |
| 54 km or 34 mi | Pakenham | |
| 65 km or 40 mi | Geelong | |
| 102 km or 64 mi | Ballarat | |
| 134 km or 83 mi | Bendigo | |
| 144 km or 90 mi | Traralgon | |
| 164 km or 102 mi | Shepparton | |
| 226 km or 140 mi | Warrnambool | |
| 367 km or 228 mi | Mount Gambier | |
| 369 km or 230 mi | Wagga Wagga | |
| 392 km or 244 mi | Devonport | |
| 404 km or 251 mi | Griffith | |
| 444 km or 276 mi | Launceston | |
| 466 km or 290 mi | Canberra | |
| 477 km or 296 mi | Mildura | |
| 546 km or 339 mi | Goulburn | |
| 597 km or 371 mi | Hobart | |
| 628 km or 390 mi | Orange | |
| 643 km or 399 mi | Bathurst | |
| 651 km or 405 mi | Wollongong | |
| 655 km or 407 mi | Adelaide | |
| 700 km or 435 mi | Blacktown | |
| 702 km or 436 mi | Dubbo | |
| 703 km or 437 mi | Parramatta | |
| 707 km or 440 mi | Kellyville | |
| 713 km or 443 mi | Sydney | |
| 728 km or 452 mi | Dee Why | |
| 822 km or 511 mi | Newcastle | |
| 891 km or 554 mi | Whyalla | |
| 1015 km or 631 mi | Port Macquarie | |
| 1021 km or 634 mi | Armidale | |
| 1123 km or 698 mi | Coffs Harbour |
Cities near Reykjavik
| Distance | City | Cost of living |
|---|---|---|
| 6.8 km or 4.2 mi |  Kopavogur | |
| 9.8 km or 6.1 mi | Hafnarfjorur | |
| 38 km or 24 mi | Keflavik | |
| 247 km or 153 mi | Akureyri | |
| 795 km or 494 mi |  Torshavn | |
| 1204 km or 748 mi |  Inverness | |
| 1230 km or 764 mi | Elgin | |
| 1300 km or 808 mi | Derry | |
| 1309 km or 813 mi | Greenock | |
| 1321 km or 821 mi | Aberdeen | |
| 1325 km or 823 mi | Perth | |
| 1328 km or 825 mi | Stirling | |
| 1331 km or 827 mi | Paisley | |
| 1333 km or 828 mi | Alloa | |
| 1337 km or 831 mi | Glasgow | |
| 1339 km or 832 mi | Dundee | |
| 1340 km or 833 mi | Omagh | |
| 1341 km or 833 mi | Cumbernauld | |
| 1342 km or 834 mi | Irvine | |
| 1348 km or 838 mi | East Kilbride | |
| 1349 km or 838 mi | Kilmarnock | |
| 1351 km or 839 mi | Dunfermline | |
| 1353 km or 841 mi | Hamilton | |
| 1357 km or 843 mi | Ayr | |
| 1360 km or 845 mi | Kirkcaldy | |
| 1365 km or 848 mi | Livingston | |
| 1372 km or 852 mi | Edinburgh | |
| 1382 km or 859 mi | Newtownabbey | |
| 1387 km or 862 mi | Belfast | |
| 1390 km or 864 mi | Bangor | |
| 1391 km or 864 mi | Lisburn | |
| 1401 km or 871 mi |  Alesund | |
| 1413 km or 878 mi |  Galway | |
| 1425 km or 886 mi | Dundalk | |
| 1431 km or 889 mi | Dumfries | |
| 1433 km or 891 mi | Nuuk | |
| 1441 km or 895 mi | Molde | |
| 1454 km or 903 mi | Kristiansund | |
| 1455 km or 904 mi | Drogheda | |
| 1455 km or 904 mi | Bergen |