Reykjavik vs Sydney

Cost of living comparison for 2026. Sydney is roughly 4% more affordable than Reykjavik (index 85 vs 89, New York = 100). Data sourced live via AI — updated regularly.

Sydney
More affordable overall
4% cheaper than Reykjavik · Cost index: 85 vs 89

Head-to-Head Stats

89Cost Index85
4,652Median Income /mo7,920
76Safety Index75
31.49Income Tax %32.5
95Internet (Mbps)92
250Coworking /mo350

Price Breakdown

ReykjavikCategorySydney
$2,222/month
1-BR Apartment (Center)
5% ← cheaper
$2,100/month
$1.77/liter
Meal for One
10% ← cheaper
$1.6/liter
$28.14/meal
Restaurant (Mid-range)
36% ← cheaper
$18/meal
$78.9/month
Monthly Transit Pass
30% cheaper →
$112/month
$182.55/month
Utilities (Monthly)
17% cheaper →
$220/month
$86.59/visit
Doctor Visit
25% ← cheaper
$65/visit

Digital Nomad Profile

Reykjavik

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

Sydney

Internet92 Mbps
Coworking$350/mo
Café WiFiexcellent
Englishhigh
Communitylarge
Walkability78/100

Frequently Asked Questions

Is Reykjavik cheaper than Sydney?

Sydney is cheaper than Reykjavik. Sydney has a cost of living index of 85/100 compared to 89/100 for Reykjavik, making it roughly 4% more affordable overall.

How much cheaper is Sydney than Reykjavik?

Sydney is approximately 4% cheaper than Reykjavik based on cost index scores (85 vs 89, where New York = 100). A person spending $3,000/month in Reykjavik could live a similar lifestyle for roughly $2,865/month in Sydney.

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 $2,100/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 92 Mbps and coworking at ~$350/month. Sydney has a cost advantage of 4%.

What is the average income in Reykjavik vs Sydney?

The median net monthly salary in Reykjavik is approximately $4,652 USD, compared to $7,920 USD in Sydney.

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