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$21.97
$17.84
kr2,506
Fast food combo meal
McDonalds, or similar
$8.82
CA$12.15
$14.27
kr2,005
Bottle of Coca-Cola (11 fl. oz) $1.77
CA$2.44
$2.32
kr326

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pay 8.4% more for groceries

 
Canada
Iceland
Bread
1 loaf
$2.29
CA$3.15
$3.42
kr481
Local cheese (8 oz) $5.39
CA$7.42
$5.98
kr841
Milk (1 gallon) $7.61
CA$10.48
$5.33
kr748

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pay 41.8% more for transportation

 
Canada
Iceland
Gasoline (1 gallon) $4.96
CA$6.83
$8.03
kr1,129
Monthly public transit pass $63.09
CA$86.92
$77.40
kr10,876
New Volkswagen Golf 1.4 (standard edition) $21,101.60
CA$29,070.63
$29,836.83
kr4,192,672

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pay 5.2% more for housing

 
Canada
Iceland
Internet connection
50 mbps or faster, cable/dsl
$64.04
CA$88.22
$62.40
kr8,769
1-Bedroom apartment in downtown area $1,066.70
CA$1,469.54
$1,437.14
kr201,947
1-Bedroom apartment outside city center $952.71
CA$1,312.50
$1,215.63
kr170,820

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pay 72.3% less for childcare

 
Canada
Iceland
Private preschool for 1 child, monthly $746.92
CA$1,028.99
$259.34
kr36,443
Middle school for 1 child, two semesters $13,296.08
CA$18,317.35
$2,750.10
kr386,444

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pay 29.6% more for entertainment and sports

 
Canada
Iceland
Domestic/local beer (1 pint) $4.67
CA$6.44
$8.52
kr1,198
Cappuccino in mid-range area $3.31
CA$4.57
$4.15
kr584
Pack of cigarettes
Marlboro or similar
$11.96
CA$16.48
$10.64
kr1,494

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pay 86.5% more for clothing

 
Canada
Iceland
Regular jeans
Levi's brand
$49.87
CA$68.70
$118.08
kr16,592
Regular dress
from H&M or similar store
$36.92
CA$50.86
$50.39
kr7,081
Running shoes
Nike or Adidas
$78.02
CA$107.49
$151.12
kr21,235

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The statistics used to build this comparison are calculated using data from users just like you. We average the price of thousands of data points entered by users across the world. Learn more about our data sources. Page last updated: April 2024
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