Cost of living comparison

compared to

Reykjavik vs. Halifax Cost of Living Summary

Reykjavik is 57.5% more expensive than Halifax.

Restaurants
pay 52.0% more in Reykjavik
Groceries
pay 72.3% more in Reykjavik
Transportation
pay 13.5% more in Reykjavik
Housing
pay 73.5% more in Reykjavik
Childcare
pay 6.8% more in Reykjavik
Entertainment and Sports
pay 68.5% more in Reykjavik
Clothing
pay 2.2 times more in Reykjavik

The cost of clothing, housing, groceries, entertainment and sports, restaurants, and transportation in Reykjavik are more expensive than in Halifax. Notably, clothing is significantly more expensive in Reykjavik.

Reykjavik vs. Halifax Cost Breakdown

If you lived in Reykjavik instead of Halifax, you would:

pay 52.0% more for restaurants

 
Halifax
Reykjavik
Basic meal with drink at inexpensive restaurant $26.73
£19.99
$27.48
ISK3,473
Fast food combo meal
McDonalds, or similar
$10.69
£7.99
$22.76
ISK2,877
Bottle of Coca-Cola (11 fl. oz) $2.44
£1.82
$3.34
ISK422

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pay 72.3% more for groceries

 
Halifax
Reykjavik
Bread
1 loaf
$1.67
£1.25
$4.63
ISK586
Local cheese (8 oz) $5.35
£4.00
$9.44
ISK1,193
Milk (1 gallon) $6.22
£4.65
$7.63
ISK964

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pay 13.5% more for transportation

 
Halifax
Reykjavik
Gasoline (1 gallon) $7.16
£5.35
$9.66
ISK1,221
Monthly public transit pass $116.20
£86.90
$88.58
ISK11,197
New Volkswagen Golf 1.4 (standard edition) $37,798.76
£28,267.08
$50,771.00
ISK6,417,454

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pay 73.5% more for housing

 
Halifax
Reykjavik
Internet connection
50 mbps or faster, cable/dsl
$42.04
£31.44
$81.97
ISK10,361
1-Bedroom apartment in downtown area $801.81
£599.62
$2,259.48
ISK285,599
1-Bedroom apartment outside city center $1,069.08
£799.49
$2,034.90
ISK257,212

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pay 6.8% more for childcare

 
Halifax
Reykjavik
Private preschool for 1 child, monthly $1,367.42
£1,022.60
$327.78
ISK41,431
Middle school for 1 child, two semesters $16,203.29
£12,117.32
$30,711.08
ISK3,881,881

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pay 68.5% more for entertainment and sports

 
Halifax
Reykjavik
Domestic/local beer (1 pint) $6.68
£5.00
$13.12
ISK1,659
Cappuccino in mid-range area $4.67
£3.50
$6.17
ISK780
Pack of cigarettes
Marlboro or similar
$20.05
£14.99
$13.94
ISK1,761

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pay 2.2 times more for clothing

 
Halifax
Reykjavik
Regular jeans
Levi's brand
$79.07
£59.13
$145.10
ISK18,340
Regular dress
from H&M or similar store
$44.77
£33.48
$63.97
ISK8,086
Running shoes
Nike or Adidas
$80.18
£59.96
$193.43
ISK24,449

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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: December 2025
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