Cost of Living Comparison Between Australia and Iceland in 2026
Summary of Cost Of Living Comparison Between Australia and Iceland
• Cost of Living With Rent in Iceland is 22.9%higher than in Australia
• Cost of Living Excluding Rent in Iceland is 36.9%higher than in Australia
• Rental Cost in Iceland is 9.4%higher than in Australia
• Food & Groceries Cost in Iceland is 120.9%higher than in Australia
• Transportation Cost in Iceland is 2.6%higher than in Australia
• Healthcare Cost in Iceland is 0.0%higher than in Australia
• Salary in Iceland is 6.5%higher than in Australia
Disclaimer: The data presented on this page is for informational purposes only and should be used as a general guide. Actual costs may vary significantly based on individual lifestyle choices and current economic conditions. We strive to provide up-to-date information, but prices are subject to change without notice. Always conduct thorough personal research and consult with financial professionals before making important financial or relocation decisions.
Display Settings
Comparison Details
Category
Subcategory
Description
Australia
Iceland
Difference (%)
Monthly rent for your primary residence (apartments, houses, condos)
$1,600.00
$1,750.00
9.4%
Monthly electricity bill
$105.00
$40.00
-61.9%
Monthly running water bill
$25.00
$20.00
-20.0%
Monthly broadband internet subscription with unlimited data and cable TV
$80.00
$95.00
18.8%
Monthly gas and heating expenses
$50.00
$80.00
60.0%
Monthly mobile phone plan with data and calling
$35.00
$65.00
85.7%
Monthly food and grocery expenses
$430.00
$950.00
120.9%
Monthly expenses for basic household supplies and personal hygiene items (toiletries, cleaning supplies, and paper products)
$55.00
$110.00
100.0%
Monthly transportation costs (public transit, vehicle ownership, or ride-sharing)
$195.00
$200.00
2.6%
Monthly expenses for movies, coffee, drinks, and social activities (excluding shopping & dining)
$160.00
$140.00
-12.5%
Monthly expenses for clothing, shoes, and accessories
$110.00
$120.00
9.1%
Monthly health insurance cost
$140.00
$180.00
28.6%
Monthly prescription medications and pharmacy expenses
$85.00
$65.00
-23.5%
Monthly doctor visits and dental care expenses
$90.00
$70.00
-22.2%
Monthly gym membership
$50.00
$70.00
40.0%
Monthly expenses for laundry and housekeeping services
$185.00
$195.00
5.4%
Monthly expenses for food and basic care per pet (grooming, veterinary visits, treats, and medications)
