Cost of living comparison
Iceland is 19.2% more expensive than Canada.
If you lived in Iceland instead of Canada, you would:
pay 33.5% more for restaurants
Canada
|
Iceland
|
||
---|---|---|---|
Basic meal with drink at inexpensive restaurant |
$16.50
CA$22.59
|
$19.51
ISK2,708
|
|
Fast food combo meal
McDonalds, or similar
|
$9.99
CA$13.68
|
$16.45
ISK2,283
|
|
Bottle of Coca-Cola (11 fl. oz) |
$2.03
CA$2.78
|
$2.70
ISK375
|
|
Bottle of water (11 fl. oz) |
$1.66
CA$2.27
|
$1.95
ISK271
|
|
pay 8.5% more for groceries
Canada
|
Iceland
|
||
---|---|---|---|
Bread
1 loaf
|
$2.50
CA$3.43
|
$3.16
ISK438
|
|
Local cheese (8 oz) |
$5.43
CA$7.43
|
$6.72
ISK932
|
|
Milk (1 gallon) |
$7.95
CA$10.88
|
$6.27
ISK870
|
|
Eggs
1 dozen
|
$3.36
CA$4.60
|
$6.03
ISK837
|
|
Boneless chicken breast (1 lb) |
$5.29
CA$7.24
|
$7.60
ISK1,055
|
|
Apples (1 lb) |
$1.84
CA$2.52
|
$1.13
ISK156
|
|
Bananas (1 lb) |
$0.64
CA$0.88
|
$1.01
ISK140
|
|
Oranges (1 lb) |
$1.57
CA$2.15
|
$1.15
ISK160
|
|
Tomatoes (1 lb) |
$1.79
CA$2.45
|
$1.71
ISK238
|
|
Potatoes (1 lb) |
$1.18
CA$1.62
|
$1.13
ISK157
|
|
Onions (1 lb) |
$1.18
CA$1.61
|
$0.68
ISK95
|
|
pay 47.1% more for transportation
Canada
|
Iceland
|
||
---|---|---|---|
Gasoline (1 gallon) |
$4.40
CA$6.02
|
$8.42
ISK1,169
|
|
Monthly public transit pass |
$68.18
CA$93.37
|
$68.29
ISK9,478
|
|
New Volkswagen Golf 1.4 (standard edition) |
$25,034.05
CA$34,282.88
|
$39,714.69
ISK5,511,605
|
|
Taxi trip in downtown area (5 miles) |
$16.78
CA$22.98
|
$23.23
ISK3,224
|
|
pay 2.9% more for housing
Canada
|
Iceland
|
||
---|---|---|---|
Internet connection
50 mbps or faster, cable/dsl
|
$62.83
CA$86.04
|
$74.47
ISK10,335
|
|
1-Bedroom apartment in downtown area |
$1,250.12
CA$1,711.98
|
$1,518.94
ISK210,798
|
|
1-Bedroom apartment outside city center |
$1,146.12
CA$1,569.56
|
$1,325.48
ISK183,950
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$119.78
CA$164.04
|
$66.99
ISK9,297
|
|
pay 58.3% less for childcare
Canada
|
Iceland
|
||
---|---|---|---|
Private preschool for 1 child, monthly |
$744.16
CA$1,019.09
|
$254.97
ISK35,384
|
|
Middle school for 1 child, two semesters |
$12,218.47
CA$16,732.58
|
$5,993.83
ISK831,823
|
|
pay 31.1% more for entertainment and sports
Canada
|
Iceland
|
||
---|---|---|---|
Domestic/local beer (1 pint) |
$5.30
CA$7.26
|
$9.37
ISK1,301
|
|
Cappuccino in mid-range area |
$3.57
CA$4.88
|
$4.61
ISK640
|
|
Pack of cigarettes
Marlboro or similar
|
$12.99
CA$17.80
|
$11.22
ISK1,557
|
|
Monthly membership at local gym |
$43.10
CA$59.02
|
$60.00
ISK8,327
|
|
Movie ticket to theater/cinema |
$11.26
CA$15.42
|
$13.94
ISK1,935
|
|
pay 69.7% more for clothing
Canada
|
Iceland
|
||
---|---|---|---|
Regular jeans
Levi's brand
|
$55.23
CA$75.63
|
$108.23
ISK15,020
|
|
Regular dress
from H&M or similar store
|
$39.78
CA$54.48
|
$59.73
ISK8,290
|
|
Running shoes
Nike or Adidas
|
$86.57
CA$118.55
|
$146.94
ISK20,392
|
|
Men's business shoes (leather) |
$103.81
CA$142.16
|
$169.24
ISK23,487
|
|
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