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$22.39
|
$19.51
ISK2,678
|
|
|
Fast food combo meal
McDonalds, or similar
|
$9.99
CA$13.56
|
$16.45
ISK2,257
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$2.03
CA$2.76
|
$2.70
ISK371
|
|
| Bottle of water (11 fl. oz) |
$1.66
CA$2.25
|
$1.95
ISK268
|
|
pay 8.5% more for groceries
|
Canada
|
Iceland
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$2.50
CA$3.40
|
$3.16
ISK433
|
|
| Local cheese (8 oz) |
$5.43
CA$7.37
|
$6.72
ISK922
|
|
| Milk (1 gallon) |
$7.95
CA$10.78
|
$6.27
ISK861
|
|
|
Eggs
1 dozen
|
$3.36
CA$4.56
|
$6.03
ISK828
|
|
| Boneless chicken breast (1 lb) |
$5.29
CA$7.18
|
$7.60
ISK1,043
|
|
| Apples (1 lb) |
$1.84
CA$2.50
|
$1.13
ISK155
|
|
| Bananas (1 lb) |
$0.64
CA$0.87
|
$1.01
ISK138
|
|
| Oranges (1 lb) |
$1.57
CA$2.13
|
$1.15
ISK158
|
|
| Tomatoes (1 lb) |
$1.79
CA$2.43
|
$1.71
ISK235
|
|
| Potatoes (1 lb) |
$1.18
CA$1.60
|
$1.13
ISK155
|
|
| Onions (1 lb) |
$1.18
CA$1.60
|
$0.68
ISK94
|
|
pay 47.1% more for transportation
|
Canada
|
Iceland
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$4.40
CA$5.97
|
$8.42
ISK1,156
|
|
| Monthly public transit pass |
$68.18
CA$92.53
|
$68.29
ISK9,373
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$25,034.05
CA$33,977.09
|
$39,714.69
ISK5,450,444
|
|
| Taxi trip in downtown area (5 miles) |
$16.78
CA$22.78
|
$23.23
ISK3,188
|
|
pay 2.9% more for housing
|
Canada
|
Iceland
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$62.83
CA$85.27
|
$74.47
ISK10,221
|
|
| 1-Bedroom apartment in downtown area |
$1,250.12
CA$1,696.71
|
$1,518.94
ISK208,459
|
|
| 1-Bedroom apartment outside city center |
$1,146.12
CA$1,555.56
|
$1,325.48
ISK181,909
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$119.78
CA$162.57
|
$66.99
ISK9,194
|
|
pay 58.3% less for childcare
|
Canada
|
Iceland
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$744.16
CA$1,010.00
|
$254.97
ISK34,992
|
|
| Middle school for 1 child, two semesters |
$12,218.47
CA$16,583.33
|
$5,993.83
ISK822,593
|
|
pay 31.1% more for entertainment and sports
|
Canada
|
Iceland
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$5.30
CA$7.19
|
$9.37
ISK1,287
|
|
| Cappuccino in mid-range area |
$3.57
CA$4.84
|
$4.61
ISK633
|
|
|
Pack of cigarettes
Marlboro or similar
|
$12.99
CA$17.64
|
$11.22
ISK1,539
|
|
| Monthly membership at local gym |
$43.10
CA$58.49
|
$60.00
ISK8,235
|
|
| Movie ticket to theater/cinema |
$11.26
CA$15.28
|
$13.94
ISK1,913
|
|
pay 69.7% more for clothing
|
Canada
|
Iceland
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$55.23
CA$74.96
|
$108.23
ISK14,854
|
|
|
Regular dress
from H&M or similar store
|
$39.78
CA$53.99
|
$59.73
ISK8,198
|
|
|
Running shoes
Nike or Adidas
|
$86.57
CA$117.49
|
$146.94
ISK20,166
|
|
| Men's business shoes (leather) |
$103.81
CA$140.89
|
$169.24
ISK23,226
|
|
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