Cost of living comparison

Canada

compared to

Iceland

Reykjavik vs. New Westminster Cost of Living Summary

Reykjavik is 60.7% more expensive than New Westminster.

Restaurants: pay 97.1% more in Reykjavik
Groceries: pay 42.4% more in Reykjavik
Transportation: pay 58.6% more in Reykjavik
Housing: pay 38.8% more in Reykjavik
Childcare: pay 2.2 times more in Reykjavik
Entertainment and Sports: pay 99.7% more in Reykjavik
Clothing: pay 2.3 times more in Reykjavik

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

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Reykjavik vs. New Westminster Cost Breakdown

If you lived in Reykjavik instead of New Westminster, you would:

Display currency: USD

pay 97.1% more for restaurants

	New Westminster	Reykjavik
Basic meal with drink at inexpensive restaurant	$19.29 CA$27.23	$31.06 ISK3,813	+61.0%
Fast food combo meal McDonalds, or similar	$10.16 CA$14.35	$26.97 ISK3,312	+165.4%
Bottle of Coca-Cola (11 fl. oz)	$1.91 CA$2.69	$3.31 ISK407	+73.9%
Bottle of water (11 fl. oz)	$1.59 CA$2.24	$3.11 ISK381	+95.7%
Average			+97.1%

New Westminster vs. Reykjavik - Cost of restaurants

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pay 42.4% more for groceries

	New Westminster	Reykjavik
Bread 1 loaf	$2.39 CA$3.37	$4.19 ISK515	+75.6%
Local cheese (8 oz)	$5.48 CA$7.74	$10.93 ISK1,342	+99.4%
Milk (1 gallon)	$6.82 CA$9.63	$7.78 ISK955	+14.0%
Eggs 1 dozen	$3.11 CA$4.39	$7.08 ISK869	+127.8%
Boneless chicken breast (1 lb)	$6.99 CA$9.86	$11.00 ISK1,351	+57.5%
Apples (1 lb)	$1.69 CA$2.39	$1.50 ISK185	-11.2%
Bananas (1 lb)	$0.65 CA$0.92	$1.27 ISK156	+93.9%
Oranges (1 lb)	$1.68 CA$2.37	$1.46 ISK179	-13.2%
Tomatoes (1 lb)	$1.62 CA$2.29	$2.93 ISK360	+81.0%
Potatoes (1 lb)	$1.08 CA$1.52	$1.78 ISK218	+64.5%
Onions (1 lb)	$0.99 CA$1.40	$0.76 ISK93	-23.5%
Average			+42.4%

New Westminster vs. Reykjavik - Cost of groceries

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pay 58.6% more for transportation

	New Westminster	Reykjavik
Gasoline (1 gallon)	$4.83 CA$6.82	$7.76 ISK953	+60.6%
Monthly public transit pass	$91.18 CA$128.71	$94.80 ISK11,641	+4.0%
New Volkswagen Golf 1.4 (standard edition)	$23,831.37 CA$33,641.55	$50,588.43 ISK6M	+112.3%
Taxi trip in downtown area (5 miles)	$16.13 CA$22.77	$29.26 ISK3,593	+81.4%
Average			+58.6%

New Westminster vs. Reykjavik - Cost of transportation

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pay 38.8% more for housing

	New Westminster	Reykjavik
Internet connection 50 mbps or faster, cable/dsl	$64.13 CA$90.53	$86.01 ISK10,561	+34.1%
1-Bedroom apartment in downtown area	$1,548.87 CA$2,186.47	$2,522.88 ISK310K	+62.9%
1-Bedroom apartment outside city center	$1,315.08 CA$1,856.43	$2,032.25 ISK250K	+54.5%
Utilities for two (700 sq ft apartment) including electric, gas, water, heating	$106.52 CA$150.37	$73.44 ISK9,018	-31.1%
Average			+38.8%

New Westminster vs. Reykjavik - Cost of housing

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pay 2.2 times more for childcare

	New Westminster	Reykjavik
Private preschool for 1 child, monthly	$771.51 CA$1,089.11	$1,185.23 ISK146K	+53.6%
Middle school for 1 child, two semesters	$8,416.52 CA$11,881.18	$25,853.51 ISK3M	+207.2%
Average			+117.2%

New Westminster vs. Reykjavik - Cost of childcare

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pay 99.7% more for entertainment and sports

	New Westminster	Reykjavik
Domestic/local beer (1 pint)	$5.96 CA$8.42	$13.89 ISK1,706	+133.0%
Cappuccino in mid-range area	$3.51 CA$4.95	$6.74 ISK828	+92.3%
Pack of cigarettes Marlboro or similar	$15.43 CA$21.78	$13.89 ISK1,706	-10.0%
Monthly membership at local gym	$32.96 CA$46.53	$100.25 ISK12,310	+204.1%
Movie ticket to theater/cinema	$11.92 CA$16.83	$19.57 ISK2,403	+64.2%
Average			+99.7%

New Westminster vs. Reykjavik - Cost of entertainment and sports

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pay 2.3 times more for clothing

	New Westminster	Reykjavik
Regular jeans Levi's brand	$51.90 CA$73.27	$149.01 ISK18,297	+187.1%
Regular dress from H&M or similar store	$41.21 CA$58.17	$65.79 ISK8,078	+59.7%
Running shoes Nike or Adidas	$79.26 CA$111.88	$181.84 ISK22,328	+129.4%
Men's business shoes (leather)	$96.44 CA$136.14	$248.81 ISK30,551	+158.0%
Average			+128.2%

New Westminster vs. Reykjavik - Cost of clothing

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We average the price of thousands of data points entered by users across the world. Sources: MyLifeElsewhere's cost-of-living dataset (prices updated November 2026). How we calculate this

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