Cost of living comparison

compared to

Reykjavik vs. Markham Cost of Living Summary

Reykjavik is 85.7% more expensive than Markham.

Restaurants: pay 2.1 times more in Reykjavik
Groceries: pay 72.1% more in Reykjavik
Transportation: pay 89.3% more in Reykjavik
Housing: pay 14.9% more in Reykjavik
Childcare: pay 54.5% more in Reykjavik
Entertainment and Sports: pay 85.3% more in Reykjavik
Clothing: pay 2.7 times more in Reykjavik

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

Reykjavik vs. Markham Cost Breakdown

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

Display currency: USD

pay 2.1 times more for restaurants

	Markham	Reykjavik
Basic meal with drink at inexpensive restaurant	$14.39 CA$20.13	$27.48 ISK3,517	+91.0%
Fast food combo meal McDonalds, or similar	$9.35 CA$13.08	$22.76 ISK2,913	+143.4%
Bottle of Coca-Cola (11 fl. oz)	$1.79 CA$2.50	$3.34 ISK427	+86.8%
Bottle of water (11 fl. oz)	$1.22 CA$1.71	$2.70 ISK345	+120.8%
Average			+110.5%

Markham vs. Reykjavik - Cost of restaurants

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pay 72.1% more for groceries

	Markham	Reykjavik
Bread 1 loaf	$2.11 CA$2.95	$4.63 ISK593	+119.8%
Local cheese (8 oz)	$3.97 CA$5.56	$9.44 ISK1,208	+137.6%
Milk (1 gallon)	$7.40 CA$10.35	$7.63 ISK976	+3.2%
Eggs 1 dozen	$3.23 CA$4.51	$6.50 ISK832	+101.6%
Boneless chicken breast (1 lb)	$4.88 CA$6.83	$11.29 ISK1,445	+131.4%
Apples (1 lb)	$1.71 CA$2.39	$1.59 ISK204	-6.8%
Bananas (1 lb)	$0.60 CA$0.84	$1.17 ISK150	+94.1%
Oranges (1 lb)	$1.07 CA$1.50	$1.49 ISK190	+38.9%
Tomatoes (1 lb)	$1.53 CA$2.14	$2.54 ISK325	+65.6%
Potatoes (1 lb)	$0.94 CA$1.32	$1.70 ISK217	+80.3%
Onions (1 lb)	$0.89 CA$1.24	$1.13 ISK145	+27.0%
Average			+72.1%

Markham vs. Reykjavik - Cost of groceries

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pay 89.3% more for transportation

	Markham	Reykjavik
Gasoline (1 gallon)	$4.01 CA$5.61	$9.66 ISK1,236	+140.9%
Monthly public transit pass	$93.52 CA$130.81	$88.58 ISK11,337	-5.3%
New Volkswagen Golf 1.4 (standard edition)	$24,444.83 CA$34,192.21	$50,771.00 ISK6,497,672	+107.7%
Taxi trip in downtown area (5 miles)	$13.13 CA$18.37	$28.07 ISK3,592	+113.8%
Average			+89.3%

Markham vs. Reykjavik - Cost of transportation

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pay 14.9% more for housing

	Markham	Reykjavik
Internet connection 50 mbps or faster, cable/dsl	$58.00 CA$81.13	$81.97 ISK10,490	+41.3%
1-Bedroom apartment in downtown area	$1,666.68 CA$2,331.27	$2,259.48 ISK289,169	+35.6%
1-Bedroom apartment outside city center	$1,534.79 CA$2,146.78	$2,034.90 ISK260,427	+32.6%
Utilities for two (700 sq ft apartment) including electric, gas, water, heating	$121.33 CA$169.71	$60.87 ISK7,791	-49.8%
Average			+14.9%

Markham vs. Reykjavik - Cost of housing

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pay 54.5% more for childcare

	Markham	Reykjavik
Private preschool for 1 child, monthly	$899.29 CA$1,257.88	$327.78 ISK41,949	-63.6%
Middle school for 1 child, two semesters	$11,271.09 CA$15,765.44	$30,711.08 ISK3,930,404	+172.5%
Average			+54.5%

Markham vs. Reykjavik - Cost of childcare

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pay 85.3% more for entertainment and sports

	Markham	Reykjavik
Domestic/local beer (1 pint)	$5.04 CA$7.04	$13.12 ISK1,680	+160.6%
Cappuccino in mid-range area	$3.17 CA$4.43	$6.17 ISK790	+95.0%
Pack of cigarettes Marlboro or similar	$12.95 CA$18.11	$13.94 ISK1,783	+7.6%
Monthly membership at local gym	$44.60 CA$62.39	$87.35 ISK11,179	+95.8%
Movie ticket to theater/cinema	$10.25 CA$14.34	$17.18 ISK2,199	+67.6%
Average			+85.3%

Markham vs. Reykjavik - Cost of entertainment and sports

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pay 2.7 times more for clothing

	Markham	Reykjavik
Regular jeans Levi's brand	$43.17 CA$60.38	$145.10 ISK18,569	+236.1%
Regular dress from H&M or similar store	$35.97 CA$50.32	$63.97 ISK8,187	+77.8%
Running shoes Nike or Adidas	$62.95 CA$88.05	$193.43 ISK24,755	+207.3%
Men's business shoes (leather)	$91.08 CA$127.40	$248.79 ISK31,840	+173.2%
Average			+173.6%

Markham vs. Reykjavik - 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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