Cost of living comparison
Canada is 7.0% more expensive than Iceland.
If you lived in Canada instead of Iceland, you would:
pay 23.7% less for restaurants
|
Iceland
|
Canada
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$19.51
ISK2,647
|
$16.50
CA$22.40
|
|
|
Fast food combo meal
McDonalds, or similar
|
$16.45
ISK2,231
|
$9.99
CA$13.57
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$2.70
ISK367
|
$2.03
CA$2.76
|
|
| Bottle of water (11 fl. oz) |
$1.95
ISK265
|
$1.66
CA$2.25
|
|
pay 5.1% more for groceries
|
Iceland
|
Canada
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$3.16
ISK428
|
$2.50
CA$3.40
|
|
| Local cheese (8 oz) |
$6.72
ISK911
|
$5.43
CA$7.37
|
|
| Milk (1 gallon) |
$6.27
ISK851
|
$7.95
CA$10.79
|
|
|
Eggs
1 dozen
|
$6.03
ISK818
|
$3.36
CA$4.56
|
|
| Boneless chicken breast (1 lb) |
$7.60
ISK1,031
|
$5.29
CA$7.18
|
|
| Apples (1 lb) |
$1.13
ISK153
|
$1.84
CA$2.50
|
|
| Bananas (1 lb) |
$1.01
ISK137
|
$0.64
CA$0.87
|
|
| Oranges (1 lb) |
$1.15
ISK157
|
$1.57
CA$2.13
|
|
| Tomatoes (1 lb) |
$1.71
ISK232
|
$1.79
CA$2.43
|
|
| Potatoes (1 lb) |
$1.13
ISK153
|
$1.18
CA$1.60
|
|
| Onions (1 lb) |
$0.68
ISK92
|
$1.18
CA$1.60
|
|
pay 28.2% less for transportation
|
Iceland
|
Canada
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$8.42
ISK1,142
|
$4.40
CA$5.97
|
|
| Monthly public transit pass |
$68.29
ISK9,265
|
$68.18
CA$92.60
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$39,714.69
ISK5,387,695
|
$25,034.05
CA$33,999.99
|
|
| Taxi trip in downtown area (5 miles) |
$23.23
ISK3,151
|
$16.78
CA$22.79
|
|
pay 8.0% more for housing
|
Iceland
|
Canada
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$74.47
ISK10,103
|
$62.83
CA$85.33
|
|
| 1-Bedroom apartment in downtown area |
$1,518.94
ISK206,059
|
$1,250.12
CA$1,697.86
|
|
| 1-Bedroom apartment outside city center |
$1,325.48
ISK179,814
|
$1,146.12
CA$1,556.61
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$66.99
ISK9,088
|
$119.78
CA$162.68
|
|
pay 2.5 times more for childcare
|
Iceland
|
Canada
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$254.97
ISK34,589
|
$744.16
CA$1,010.68
|
|
| Middle school for 1 child, two semesters |
$5,993.83
ISK813,122
|
$12,218.47
CA$16,594.51
|
|
pay 19.5% less for entertainment and sports
|
Iceland
|
Canada
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$9.37
ISK1,272
|
$5.30
CA$7.20
|
|
| Cappuccino in mid-range area |
$4.61
ISK626
|
$3.57
CA$4.84
|
|
|
Pack of cigarettes
Marlboro or similar
|
$11.22
ISK1,522
|
$12.99
CA$17.65
|
|
| Monthly membership at local gym |
$60.00
ISK8,140
|
$43.10
CA$58.53
|
|
| Movie ticket to theater/cinema |
$13.94
ISK1,891
|
$11.26
CA$15.29
|
|
pay 40.5% less for clothing
|
Iceland
|
Canada
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$108.23
ISK14,683
|
$55.23
CA$75.01
|
|
|
Regular dress
from H&M or similar store
|
$59.73
ISK8,103
|
$39.78
CA$54.03
|
|
|
Running shoes
Nike or Adidas
|
$146.94
ISK19,934
|
$86.57
CA$117.57
|
|
| Men's business shoes (leather) |
$169.24
ISK22,959
|
$103.81
CA$140.99
|
|
Change currency:
ASK THE ELSEWHERE COMMUNITY
Join the Elsewhere community and ask a question about Canada or Iceland. It's a free, question-and-answer based forum to discuss what life is like in countries and cities around the world.