Reykjavik vs Sydney

Cost of living comparison for 2026. Reykjavik is roughly 1% more affordable than Sydney (index 50 vs 50, New York = 100). Data sourced live via AI — updated regularly.

Reykjavik
More affordable overall
1% cheaper than Sydney · Cost index: 50 vs 50

Life Power at $3,000/mo

The same salary ranks differently depending on where you live — from Beggar to King.

Head-to-Head Stats

50Cost Index50
4,652Median Income /mo5,100
76Safety Index79
31.49Income Tax %32.5
95Internet (Mbps)84
250Coworking /mo600

Price Breakdown

ReykjavikCategorySydney
$2,222/month
1-BR Apartment (Center)
4% ← cheaper
$2,143/month
$1.77/liter
Meal for One
2% cheaper →
$1.8/liter
$28.14/meal
Restaurant (Mid-range)
22% ← cheaper
$22/meal
$78.9/month
Monthly Transit Pass
44% cheaper →
$140/month
$182.55/month
Utilities (Monthly)
18% cheaper →
$222/month
$86.59/visit
Doctor Visit
13% cheaper →
$100/visit

Digital Nomad Profile

Reykjavik

Internet95 Mbps
Coworking$250/mo
Café WiFiexcellent
Englishhigh
Communitygrowing
Walkability78/100

Sydney

Internet84 Mbps
Coworking$600/mo
Café WiFigood
Englishhigh
Communitylarge
Walkability70/100

Frequently Asked Questions

Is Reykjavik cheaper than Sydney?

Reykjavik is cheaper than Sydney. Reykjavik has a cost of living index of 50/100 compared to 50/100 for Sydney (New York = 100), making it roughly 1% more affordable overall.

How much cheaper is Reykjavik than Sydney?

Reykjavik is approximately 1% cheaper than Sydney based on cost index scores (50 vs 50, where New York = 100). A person spending $3,000/month in Sydney could live a similar lifestyle for roughly $2,967/month in Reykjavik.

What is the rent comparison between Reykjavik and Sydney?

In Reykjavik, a 1-bedroom apartment in the city center costs approximately $2,222/month. In Sydney, the equivalent is around $2,143/month.

Which city is better for digital nomads — Reykjavik or Sydney?

Both cities have nomad infrastructure. Reykjavik offers 95 Mbps internet and coworking at ~$250/month. Sydney offers 84 Mbps and coworking at ~$600/month. Reykjavik has a cost advantage of 1%.

What is the average income in Reykjavik vs Sydney?

The median net monthly salary in Reykjavik is approximately $4,652 USD, compared to $5,100 USD in Sydney.

Compare Reykjavik with…

Popular head-to-heads — see exactly where Reykjavik wins or loses.

Cities that cost about the same as Reykjavik

Same spending tier, different part of the world — the head-to-heads people actually weigh when relocating.

Explore this comparison interactively

See radar charts, detailed category breakdowns, and compare any two cities in real time.

Free to start · No credit card needed