Cost of living comparison
Iceland is 19.5% more expensive than Canada.
If you lived in Iceland instead of Canada, you would:
pay 37.3% more for restaurants
|
Canada
|
Iceland
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$15.95
CA$21.94
|
$17.84
kr2,519
|
|
|
Fast food combo meal
McDonalds, or similar
|
$8.82
CA$12.13
|
$14.27
kr2,015
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$1.77
CA$2.43
|
$2.32
kr327
|
|
| Bottle of water (11 fl. oz) |
$1.47
CA$2.02
|
$2.12
kr300
|
|
pay 8.4% more for groceries
|
Canada
|
Iceland
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$2.29
CA$3.15
|
$3.42
kr484
|
|
| Local cheese (8 oz) |
$5.39
CA$7.41
|
$5.98
kr845
|
|
| Milk (1 gallon) |
$7.61
CA$10.47
|
$5.33
kr752
|
|
|
Eggs
1 dozen
|
$3.04
CA$4.18
|
$5.66
kr799
|
|
| Boneless chicken breast (1 lb) |
$4.81
CA$6.61
|
$7.09
kr1,002
|
|
| Apples (1 lb) |
$1.62
CA$2.23
|
$1.16
kr164
|
|
| Bananas (1 lb) |
$0.68
CA$0.93
|
$0.98
kr139
|
|
| Oranges (1 lb) |
$1.60
CA$2.20
|
$1.17
kr166
|
|
| Tomatoes (1 lb) |
$1.71
CA$2.36
|
$1.84
kr259
|
|
| Potatoes (1 lb) |
$1.13
CA$1.55
|
$0.96
kr135
|
|
| Onions (1 lb) |
$1.11
CA$1.53
|
$0.51
kr72
|
|
pay 41.8% more for transportation
|
Canada
|
Iceland
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$4.96
CA$6.82
|
$8.03
kr1,135
|
|
| Monthly public transit pass |
$63.09
CA$86.78
|
$77.40
kr10,932
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$21,101.60
CA$29,024.20
|
$29,836.83
kr4,214,452
|
|
| Taxi trip in downtown area (5 miles) |
$16.98
CA$23.35
|
$23.97
kr3,385
|
|
pay 5.2% more for housing
|
Canada
|
Iceland
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$64.04
CA$88.08
|
$62.40
kr8,814
|
|
| 1-Bedroom apartment in downtown area |
$1,066.70
CA$1,467.19
|
$1,437.14
kr202,996
|
|
| 1-Bedroom apartment outside city center |
$952.71
CA$1,310.40
|
$1,215.63
kr171,707
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$112.22
CA$154.35
|
$68.63
kr9,694
|
|
pay 72.3% less for childcare
|
Canada
|
Iceland
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$746.92
CA$1,027.35
|
$259.34
kr36,632
|
|
| Middle school for 1 child, two semesters |
$13,296.08
CA$18,288.10
|
$2,750.10
kr388,451
|
|
pay 29.6% more for entertainment and sports
|
Canada
|
Iceland
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$4.67
CA$6.43
|
$8.52
kr1,204
|
|
| Cappuccino in mid-range area |
$3.31
CA$4.56
|
$4.15
kr587
|
|
|
Pack of cigarettes
Marlboro or similar
|
$11.96
CA$16.45
|
$10.64
kr1,502
|
|
| Monthly membership at local gym |
$43.49
CA$59.81
|
$56.90
kr8,037
|
|
| Movie ticket to theater/cinema |
$10.20
CA$14.03
|
$12.27
kr1,734
|
|
pay 86.5% more for clothing
|
Canada
|
Iceland
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$49.87
CA$68.59
|
$118.08
kr16,678
|
|
|
Regular dress
from H&M or similar store
|
$36.92
CA$50.78
|
$50.39
kr7,117
|
|
|
Running shoes
Nike or Adidas
|
$78.02
CA$107.32
|
$151.12
kr21,345
|
|
| Men's business shoes (leather) |
$97.82
CA$134.55
|
$175.20
kr24,747
|
|
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