Cost of living comparison

compared to

Vancouver vs. Iceland Cost of Living Summary

Vancouver is 9.9% cheaper than Iceland overall.

Restaurants: pay 37.8% less in Vancouver
Groceries: pay 11.3% less in Vancouver
Transportation: pay 32.9% less in Vancouver
Housing: pay 19.5% less in Vancouver
Childcare: pay 2.1 times more in Vancouver
Entertainment and Sports: pay 29.5% less in Vancouver
Clothing: pay 44.8% less in Vancouver

Expenses including clothing, restaurants, transportation, entertainment and sports, housing, and groceries are lower in Vancouver. Notably, childcare is significantly more expensive in Vancouver.

Vancouver vs. Iceland Cost Breakdown

If you lived in Vancouver instead of Iceland, you would:

Display currency: USD

pay 37.8% less for restaurants

	Iceland	Vancouver
Basic meal with drink at inexpensive restaurant	$26.52 ISK3,352	$17.93 CA$24.71	-32.4%
Fast food combo meal McDonalds, or similar	$21.32 ISK2,694	$10.76 CA$14.82	-49.5%
Bottle of Coca-Cola (11 fl. oz)	$3.11 ISK393	$2.10 CA$2.90	-32.3%
Bottle of water (11 fl. oz)	$2.72 ISK344	$1.71 CA$2.36	-37.1%
Average			-37.8%

Iceland vs. Vancouver - Cost of restaurants

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pay 11.3% less for groceries

	Iceland	Vancouver
Bread 1 loaf	$3.80 ISK481	$2.97 CA$4.09	-21.9%
Local cheese (8 oz)	$9.44 ISK1,193	$6.29 CA$8.67	-33.3%
Milk (1 gallon)	$7.78 ISK983	$7.93 CA$10.92	+1.9%
Eggs 1 dozen	$6.71 ISK848	$4.07 CA$5.61	-39.4%
Boneless chicken breast (1 lb)	$11.22 ISK1,418	$6.40 CA$8.82	-43.0%
Apples (1 lb)	$1.50 ISK189	$1.82 CA$2.50	+21.4%
Bananas (1 lb)	$1.15 ISK145	$0.65 CA$0.90	-43.3%
Oranges (1 lb)	$1.41 ISK179	$1.90 CA$2.61	+34.2%
Tomatoes (1 lb)	$2.34 ISK296	$2.06 CA$2.84	-12.0%
Potatoes (1 lb)	$1.65 ISK208	$1.41 CA$1.94	-14.4%
Onions (1 lb)	$1.09 ISK138	$1.37 CA$1.89	+25.2%
Average			-11.3%

Iceland vs. Vancouver - Cost of groceries

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pay 32.9% less for transportation

	Iceland	Vancouver
Gasoline (1 gallon)	$9.65 ISK1,220	$4.70 CA$6.48	-51.3%
Monthly public transit pass	$79.56 ISK10,056	$87.86 CA$121.07	+10.4%
New Volkswagen Golf 1.4 (standard edition)	$49,144.25 ISK6,211,833	$24,369.83 CA$33,580.41	-50.4%
Taxi trip in downtown area (5 miles)	$25.55 ISK3,230	$15.23 CA$20.99	-40.4%
Average			-32.9%

Iceland vs. Vancouver - Cost of transportation

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pay 19.5% less for housing

	Iceland	Vancouver
Internet connection 50 mbps or faster, cable/dsl	$95.65 ISK12,090	$57.51 CA$79.25	-39.9%
1-Bedroom apartment in downtown area	$2,289.17 ISK289,351	$1,931.10 CA$2,660.95	-15.6%
1-Bedroom apartment outside city center	$1,830.04 ISK231,318	$1,574.05 CA$2,168.96	-14.0%
Utilities for two (700 sq ft apartment) including electric, gas, water, heating	$65.15 ISK8,235	$59.58 CA$82.10	-8.5%
Average			-19.5%

Iceland vs. Vancouver - Cost of housing

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pay 2.1 times more for childcare

	Iceland	Vancouver
Private preschool for 1 child, monthly	$334.67 ISK42,302	$1,164.74 CA$1,604.96	+248.0%
Middle school for 1 child, two semesters	$30,711.08 ISK3,881,881	$19,795.38 CA$27,277.04	-35.5%
Average			+106.2%

Iceland vs. Vancouver - Cost of childcare

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pay 29.5% less for entertainment and sports

	Iceland	Vancouver
Domestic/local beer (1 pint)	$11.14 ISK1,408	$5.74 CA$7.91	-48.5%
Cappuccino in mid-range area	$5.62 ISK711	$3.92 CA$5.40	-30.3%
Pack of cigarettes Marlboro or similar	$13.90 ISK1,756	$15.06 CA$20.75	+8.4%
Monthly membership at local gym	$78.17 ISK9,881	$42.54 CA$58.62	-45.6%
Movie ticket to theater/cinema	$16.75 ISK2,118	$11.48 CA$15.81	-31.5%
Average			-29.5%

Iceland vs. Vancouver - Cost of entertainment and sports

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pay 44.8% less for clothing

	Iceland	Vancouver
Regular jeans Levi's brand	$130.91 ISK16,546	$61.34 CA$84.52	-53.1%
Regular dress from H&M or similar store	$61.83 ISK7,815	$42.77 CA$58.94	-30.8%
Running shoes Nike or Adidas	$163.81 ISK20,706	$93.01 CA$128.16	-43.2%
Men's business shoes (leather)	$237.31 ISK29,996	$113.94 CA$157.00	-52.0%
Average			-44.8%

Iceland vs. Vancouver - Cost of clothing

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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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