Reykjavik vs Sydney - Cost of Living Comparison

Updated: October 10, 2024

	Reykjavik	Sydney
🚶 Cost of living one person	$2915	$2801
👨‍👩‍👧‍👦 Cost of living Family	$5968	$6767
🏠 One person rent	$1781	$1663
🏘️ Family rent	$2749	$3057
🍽️ Food expenses	$832	$569
🚐 Transport expenses	$88.7	$410
💳 Monthly salary after tax	$3918	$4399
😷 Air quality	Excellent	Excellent
✈️ Airport proximity	4 km	9 km
🎓 Higher education	53	99
😀 Quality of life	89	99
🏙️ Population	140K	4.84M

The cost of living in Reykjavik is 4% more expensive than in Sydney. Cities ranked 204th and 312th ($2915 vs $2801) 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 1.3 months in Reykjavik compared to 1.6 months in Sydney. Reykjavik ranked 1st best city to live in Iceland vs Sydney ranked 2nd in Australia, while ranked 189th and 4th among best cities to live in the world.

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the estimated difference in money purchasing power

Cost of living in Reykjavik vs Sydney infographic

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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	$22	$15.3
🥂 Dinner in a Restaurant, for 2	$125	$70.6
🥪 Fast food meal, equiv. McDonald's	$18.5	$10.3
🍻 Beer in a Pub, 0.5 L or 16 fl oz	$11.1	$7.41
☕ Cappuccino	$5.35	$3.54
🥤 Pepsi / Coke, 0.5 L or 16.9 fl oz	$3.27	$2.66
Rent & Utilities
🏙️ 1 bedroom apartment in Downtown, 40 m2 or 430 ft2	$1809	$1992
🏡 Cheap 1 bedroom apartment, 40 m2 or 430 ft2	$1626	$1372
🏙️ 3 bedroom apartment in Downtown, 80 m2 or 860 ft2	$2822	$4038
🏡 Cheap 3 bedroom apartment, 80 m2 or 860 ft2	$2552	$2523
🔌 Utility Bill one person, electricity, heating, water, etc.	$44.2	$114
🔌 Utility Bill for a Family, electricity, heating, water, etc.	$68.4	$177
🌐 Internet plan, 50 Mbps+ 1 month unlimited	$74.1	$53.8
🏦 Mortgage Interest Rate for 20 Years	8.55%	6.38%
🏙️ Apartment price to Buy in city Center, 1 m2 or 10 ft2	$6498	$16279
🏡 House price to Buy in Suburbs, 1 m2 or 10 ft2	$5311	$9905
Transportation
🚌 Local transport ticket	$4.63	$3.46
🎟️ Monthly ticket local transport	$77.2	$143
🚕 Taxi Ride, 8 km or 5 mi	$24.8	$29.6
⛽ Gas / Petrol, 1 L or 0.26 gal	$2.29	$1.4
Groceries
🥛 Milk, 1 L or 1 qt	$1.72	$1.71
🍞 Bread, 0.5 kg or 1.1 lb	$3.66	$2.86
🍚 Rice, 1 kg or 2.2 lb	$3.25	$2.52
🥚 Eggs, x12	$5.9	$4.82
🧀 Cheese, 1 kg or 2.2 lb	$16	$12.5
🐔 Chicken Breast, 1 kg or 2.2 lb	$21.4	$8.94
🥩 Round Steak, 1 kg or 2.2 lb	$37.6	$15
🍏 Apples, 1 kg or 2.2 lb	$3.07	$3.42
🍌 Banana, 1 kg or 2.2 lb	$2.29	$2.92
🍊 Oranges, 1 kg or 2.2 lb	$2.72	$3.22
🍅 Tomato, 1 kg or 2.2 lb	$4.99	$4.5
🥔 Potato, 1 kg or 2.2 lb	$3.21	$2.54
🧅 Onion, 1 kg or 2.2 lb	$2.16	$2.32
🌊 Water, 1 L or 1 qt	$1.37	$0.98
🍹 Coca-Cola / Pepsi, 2 L or 67.6 fl oz	$2.74	$2.43
🍾 Wine (mid-priced), 750 mL bottle	$22	$14.1
🍺 Beer, 0.5 L or 16 fl oz	$3.27	$5.08
🚬 Cigarette pack	$12.2	$29.8
💊 Cold medicince, 1 week	$11.6	$6.92
🧴 Hair Shampoo	$5.36	$5.48
🧻 Toilet paper, 4 rolls	$4.68	$2.83
👄 Toothpaste, 1 tube	$3.32	$2.9
Other
🏋️ Gym Membership, 1 month	$71.8	$58.7
🎫 Cinema Ticket, 1 person	$15.1	$16.9
👩‍⚕️ Doctor's visit	$84.7	$67.7
💇 Haircut, simple	$47.4	$20.8
👖 Brand Jeans	$112	$78.9
👟 Brand Sneakers	$155	$117
👶 Daycare or Preschool, 1 month	$254	$2054
🏫 International Primary School, 1 year	$6167	$18951

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	$2371
9.8 km or 6.1 mi	Hafnarfjorur	$2602
38 km or 24 mi	Keflavik	$2091
247 km or 153 mi	Akureyri	$2300
795 km or 494 mi	Torshavn	$1913
1204 km or 748 mi	Inverness	$1830
1230 km or 764 mi	Elgin	$1459
1300 km or 808 mi	Derry	$1491
1309 km or 813 mi	Greenock	$1599
1321 km or 821 mi	Aberdeen	$1701
1325 km or 823 mi	Perth	$1647
1328 km or 825 mi	Stirling	$1625
1331 km or 827 mi	Paisley	$1793
1333 km or 828 mi	Alloa	$1710
1337 km or 831 mi	Glasgow	$2013
1339 km or 832 mi	Dundee	$1545
1340 km or 833 mi	Omagh	$1650
1341 km or 833 mi	Cumbernauld	$1767
1342 km or 834 mi	Irvine	$1573
1348 km or 838 mi	East Kilbride	$1818
1349 km or 838 mi	Kilmarnock	$1470
1351 km or 839 mi	Dunfermline	$1724
1353 km or 841 mi	Hamilton	$1793
1357 km or 843 mi	Ayr	$1420
1360 km or 845 mi	Kirkcaldy	$1704
1365 km or 848 mi	Livingston	$1744
1372 km or 852 mi	Edinburgh	$2246
1382 km or 859 mi	Newtownabbey	$1767
1387 km or 862 mi	Belfast	$1830
1390 km or 864 mi	Bangor	$1467
1391 km or 864 mi	Lisburn	$1805
1401 km or 871 mi	Alesund	$1657
1413 km or 878 mi	Galway	$2427
1425 km or 886 mi	Dundalk	$1930
1431 km or 889 mi	Dumfries	$1390
1433 km or 891 mi	Nuuk	$2125
1441 km or 895 mi	Molde	$1969
1454 km or 903 mi	Kristiansund	$1752
1455 km or 904 mi	Drogheda	$2492
1455 km or 904 mi	Bergen	$2161

Cities near Sydney

Distance	City	Cost of living
15 km or 9.2 mi	Dee Why	$2286
19 km or 12 mi	Parramatta	$2472
29 km or 18 mi	Kellyville	$1997
29 km or 18 mi	Blacktown	$1732
69 km or 43 mi	Wollongong	$1532
117 km or 73 mi	Newcastle	$1833
158 km or 98 mi	Bathurst	$1674
168 km or 104 mi	Goulburn	$1748
205 km or 127 mi	Orange	$1500
247 km or 154 mi	Canberra	$2393
301 km or 187 mi	Dubbo	$1815
314 km or 195 mi	Port Macquarie	$1661
377 km or 234 mi	Armidale	$1289
378 km or 235 mi	Wagga Wagga	$1628
436 km or 271 mi	Coffs Harbour	$1913
478 km or 297 mi	Griffith	$1746
597 km or 371 mi	Shepparton	$1717
624 km or 388 mi	Byron Bay	$1958
638 km or 396 mi	Traralgon	$1829
683 km or 425 mi	Gold Coast	$2300
689 km or 428 mi	Southport	$2141
695 km or 432 mi	Pakenham	$1805
701 km or 436 mi	Berwick	$1800
706 km or 439 mi	Bendigo	$1397
706 km or 439 mi	Toowoomba	$1635
707 km or 439 mi	Dandenong	$1876
711 km or 442 mi	Ipswich	$1877
711 km or 442 mi	Cranbourne	$1738
713 km or 443 mi	South Yarra	$1758
713 km or 443 mi	Melbourne	$2397
716 km or 445 mi	Sunbury	$1822
724 km or 450 mi	Frankston	$1799
732 km or 455 mi	Melton	$1795
733 km or 455 mi	Brisbane	$2491
735 km or 457 mi	Tarneit	$1757
736 km or 457 mi	Hoppers Crossing	$1767
775 km or 481 mi	Caboolture	$1925
778 km or 484 mi	Geelong	$1892
779 km or 484 mi	Ballarat	$1357
807 km or 502 mi	Caloundra	$1754