Reykjavik vs Sydney - Cost of Living Comparison

Updated: June 21, 2026

	Reykjavik	Sydney
🚶 Cost of living one person	$3205	$2844
👨‍👩‍👧‍👦 Cost of living Family	$6762	$6812
🏠 One person rent	$1954	$1756
🏘️ Family rent	$2956	$3107
🍽️ Food expenses	$904	$592
🚐 Transport expenses	$100	$335
💳 Monthly salary after tax	$4423	$4188
😷 Air quality	Excellent	Excellent
✈️ Airport proximity	4 km	9 km
🎓 Higher education	53	99
😀 Quality of life	88	100
🏙️ Population	139K	5.45M

The cost of living in Reykjavik is 13% more expensive than in Sydney. Cities ranked 119th and 370th ($3205 vs $2844) in the list of the most expensive cities in the world and ranked 1st and 1st in Iceland and Australia, respectively. Check Iceland vs Australia comparison.

The average after-tax salary is enough to cover living expenses for 1.4 months in Reykjavik compared to 1.5 months in Sydney. Reykjavik ranked 1st best city to live in Iceland vs Sydney ranked 2nd in Australia, while ranked 258th and 2nd among best cities to live in the world.

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the estimated difference in money purchasing power

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<img src="https://livingcost.org/assets/photo/cost/reykjavik/sydney.jpg" alt="Cost of living in Reykjavik vs Sydney infographic" style="max-width: 100%; height: auto;"><p>Source: <a href="https://livingcost.org/cost/reykjavik/sydney" target="_blank">Reykjavik vs Sydney - Cost of Living Comparison</a></p>

Prices in Reykjavik vs Sydney

Prices for goods and services in Reykjavik and Sydney are partly crowdsourced by our visitors, just like yourself. Please consider telling us about your city.

	Reykjavik	Sydney
Eating Out
🍱 Lunch Menu	$28.3	$15.4
🥂 Dinner in a Restaurant, for 2	$97.9	$81.6
🥪 Fast food meal, equiv. McDonald's	$20	$11.6
🍻 Beer in a Pub, 0.5 L or 16 fl oz	$13.4	$7.3
☕ Cappuccino	$6.5	$3.97
🥤 Pepsi / Coke, 0.5 L or 16.9 fl oz	$3.26	$2.71
Rent & Utilities
🏙️ 1 bedroom apartment in Downtown, 40 m2 or 430 ft2	$2129	$2215
🏡 Cheap 1 bedroom apartment, 40 m2 or 430 ft2	$1743	$1420
🏙️ 3 bedroom apartment in Downtown, 80 m2 or 860 ft2	$3328	$3992
🏡 Cheap 3 bedroom apartment, 80 m2 or 860 ft2	$2660	$2582
🔌 Utility Bill one person, electricity, heating, water, etc.	$52.2	$126
🔌 Utility Bill for a Family, electricity, heating, water, etc.	$80.3	$193
🌐 Internet plan, 50 Mbps+ 1 month unlimited	$82	$50.1
🏦 Mortgage Interest Rate for 20 Years	8.69%	5.83%
🏙️ Apartment price to Buy in city Center, 1 m2 or 10 ft2	$7748	$12962
🏡 House price to Buy in Suburbs, 1 m2 or 10 ft2	$6175	$7403
Transportation
🚌 Local transport ticket	$5.38	$3.96
🎟️ Monthly ticket local transport	$90.3	$117
🚕 Taxi Ride, 8 km or 5 mi	$28.9	$20.2
⛽ Gas / Petrol, 1 L or 0.26 gal	$2.12	$1.39
Groceries
🥛 Milk, 1 L or 1 qt	$2.04	$1.74
🍞 Bread, 0.5 kg or 1.1 lb	$4.21	$2.28
🍚 Rice, 1 kg or 2.2 lb	$3.46	$2.09
🥚 Eggs, x12	$6.99	$5.78
🧀 Cheese, 1 kg or 2.2 lb	$20.2	$13.6
🐔 Chicken Breast, 1 kg or 2.2 lb	$24.8	$9.72
🥩 Round Steak, 1 kg or 2.2 lb	$44.1	$15.5
🍏 Apples, 1 kg or 2.2 lb	$3.41	$3.62
🍌 Banana, 1 kg or 2.2 lb	$2.66	$3.08
🍊 Oranges, 1 kg or 2.2 lb	$3.17	$3.19
🍅 Tomato, 1 kg or 2.2 lb	$5.99	$4.73
🥔 Potato, 1 kg or 2.2 lb	$3.65	$2.9
🧅 Onion, 1 kg or 2.2 lb	$1.89	$2.27
🌊 Water, 1 L or 1 qt	$1.16	$0.72
🍹 Coca-Cola / Pepsi, 2 L or 67.6 fl oz	$3	$2.95
🍾 Wine (mid-priced), 750 mL bottle	$23.2	$16.4
🍺 Beer, 0.5 L or 16 fl oz	$3.72	$4.08
🚬 Cigarette pack	$13.5	$28.3
💊 Cold medicince, 1 week	$11.6	$8.18
🧴 Hair Shampoo	$5.76	$4.65
🧻 Toilet paper, 4 rolls	$5.18	$3.58
👄 Toothpaste, 1 tube	$3.63	$3.34
Other
🏋️ Gym Membership, 1 month	$90.3	$66
🎫 Cinema Ticket, 1 person	$19.2	$17.6
👩‍⚕️ Doctor's visit	$92.8	$70
💇 Haircut, simple	$47.2	$21.4
👖 Brand Jeans	$146	$77.3
👟 Brand Sneakers	$178	$111
👶 Daycare or Preschool, 1 month	$472	$2275
🏫 International Primary School, 1 year	$30029	$25164

Cost of living in other countries

Cost of living

Cost of Living in the nearest cities

Cities near Reykjavik

Distance	City	Cost of living
6.8 km or 4.2 mi	Kopavogur	$3092
9.8 km or 6.1 mi	Hafnarfjorur	$3106
38 km or 24 mi	Keflavik	$2581
247 km or 153 mi	Akureyri	$2921
795 km or 494 mi	Torshavn	$2017
1204 km or 748 mi	Inverness	$2005
1230 km or 764 mi	Elgin	$1523
1300 km or 808 mi	Derry	$1646
1309 km or 813 mi	Greenock	$1647
1321 km or 821 mi	Aberdeen	$1806
1325 km or 823 mi	Perth	$1640
1328 km or 825 mi	Stirling	$1835
1331 km or 827 mi	Paisley	$1885
1333 km or 828 mi	Alloa	$1842
1337 km or 831 mi	Glasgow	$2114
1339 km or 832 mi	Dundee	$1593
1340 km or 833 mi	Omagh	$1763
1341 km or 833 mi	Cumbernauld	$1611
1342 km or 834 mi	Irvine	$1704
1348 km or 838 mi	East Kilbride	$1878
1349 km or 838 mi	Kilmarnock	$1600
1351 km or 839 mi	Dunfermline	$1750
1353 km or 841 mi	Hamilton	$1831
1357 km or 843 mi	Ayr	$1586
1360 km or 845 mi	Kirkcaldy	$1794
1365 km or 848 mi	Livingston	$1760
1372 km or 852 mi	Edinburgh	$2295
1382 km or 859 mi	Newtownabbey	$1820
1387 km or 862 mi	Belfast	$1878
1390 km or 864 mi	Bangor	$1485
1391 km or 864 mi	Lisburn	$1923
1401 km or 871 mi	Alesund	$2021
1413 km or 878 mi	Galway	$3003
1425 km or 886 mi	Dundalk	$2264
1431 km or 889 mi	Dumfries	$1456
1433 km or 891 mi	Nuuk	$2508
1441 km or 895 mi	Molde	$2101
1454 km or 903 mi	Kristiansund	$1944
1455 km or 904 mi	Drogheda	$2518
1455 km or 904 mi	Bergen	$2336

Cities near Sydney

Distance	City	Cost of living
15 km or 9.2 mi	Dee Why	$2354
19 km or 12 mi	Parramatta	$2481
29 km or 18 mi	Kellyville	$2040
29 km or 18 mi	Blacktown	$1709
69 km or 43 mi	Wollongong	$1695
117 km or 73 mi	Newcastle	$1995
158 km or 98 mi	Bathurst	$1701
168 km or 104 mi	Goulburn	$1795
205 km or 127 mi	Orange	$1460
247 km or 154 mi	Canberra	$2258
301 km or 187 mi	Dubbo	$1855
314 km or 195 mi	Port Macquarie	$1786
377 km or 234 mi	Armidale	$1273
378 km or 235 mi	Wagga Wagga	$1608
436 km or 271 mi	Coffs Harbour	$2132
478 km or 297 mi	Griffith	$1825
597 km or 371 mi	Shepparton	$1816
624 km or 388 mi	Byron Bay	$2672
638 km or 396 mi	Traralgon	$2000
683 km or 425 mi	Gold Coast	$2530
689 km or 428 mi	Southport	$2341
695 km or 432 mi	Pakenham	$1936
701 km or 436 mi	Berwick	$1915
706 km or 439 mi	Bendigo	$1493
706 km or 439 mi	Toowoomba	$1720
707 km or 439 mi	Dandenong	$1913
711 km or 442 mi	Ipswich	$1825
711 km or 442 mi	Cranbourne	$1810
713 km or 443 mi	South Yarra	$1834
713 km or 443 mi	Melbourne	$2543
716 km or 445 mi	Sunbury	$1933
724 km or 450 mi	Frankston	$1889
732 km or 455 mi	Melton	$1896
733 km or 455 mi	Brisbane	$2323
735 km or 457 mi	Tarneit	$1813
736 km or 457 mi	Hoppers Crossing	$1847
775 km or 481 mi	Caboolture	$1992
778 km or 484 mi	Geelong	$2179
779 km or 484 mi	Ballarat	$1606
807 km or 502 mi	Caloundra	$1863