Cost of living comparison

compared to

Reykjavik vs. Owen Sound Cost of Living Summary

Reykjavik is 79.4% more expensive than Owen Sound.

Restaurants: pay 67.9% more in Reykjavik
Groceries: pay 50.9% more in Reykjavik
Transportation: pay 99.8% more in Reykjavik
Housing: pay 64.2% more in Reykjavik
Childcare: pay 22.7% more in Reykjavik
Entertainment and Sports: pay 83.7% more in Reykjavik
Clothing: pay 2.7 times more in Reykjavik

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

Reykjavik vs. Owen Sound Cost Breakdown

If you lived in Reykjavik instead of Owen Sound, you would:

Display currency: USD

pay 67.9% more for restaurants

	Owen Sound	Reykjavik
Basic meal with drink at inexpensive restaurant	$21.53 CA$29.66	$27.48 ISK3,473	+27.6%
Fast food combo meal McDonalds, or similar	$11.30 CA$15.57	$22.76 ISK2,877	+101.4%
Bottle of Coca-Cola (11 fl. oz)	$1.79 CA$2.47	$3.34 ISK422	+85.9%
Bottle of water (11 fl. oz)	$1.72 CA$2.37	$2.70 ISK341	+56.6%
Average			+67.9%

Owen Sound vs. Reykjavik - Cost of restaurants

Improve prices · Change currency (USD)

pay 50.9% more for groceries

	Owen Sound	Reykjavik
Bread 1 loaf	$2.46 CA$3.39	$4.63 ISK586	+88.5%
Local cheese (8 oz)	$3.38 CA$4.66	$9.44 ISK1,193	+178.9%
Milk (1 gallon)	$8.12 CA$11.19	$7.63 ISK964	-6.1%
Eggs 1 dozen	$3.20 CA$4.41	$6.50 ISK822	+103.0%
Boneless chicken breast (1 lb)	$5.90 CA$8.14	$11.29 ISK1,427	+91.2%
Apples (1 lb)	$1.83 CA$2.52	$1.59 ISK201	-13.1%
Bananas (1 lb)	$0.74 CA$1.02	$1.17 ISK148	+58.4%
Oranges (1 lb)	$1.62 CA$2.23	$1.49 ISK188	-8.2%
Tomatoes (1 lb)	$1.87 CA$2.58	$2.54 ISK321	+35.3%
Potatoes (1 lb)	$1.17 CA$1.61	$1.70 ISK214	+45.0%
Onions (1 lb)	$1.30 CA$1.80	$1.13 ISK143	-13.4%
Average			+50.9%

Owen Sound vs. Reykjavik - Cost of groceries

Improve prices · Change currency (USD)

pay 99.8% more for transportation

	Owen Sound	Reykjavik
Gasoline (1 gallon)	$3.97 CA$5.47	$9.66 ISK1,221	+143.2%
Monthly public transit pass	$48.80 CA$67.24	$88.58 ISK11,197	+81.5%
New Volkswagen Golf 1.4 (standard edition)	$24,382.26 CA$33,597.54	$50,771.00 ISK6,417,454	+108.2%
Taxi trip in downtown area (5 miles)	$16.86 CA$23.24	$28.07 ISK3,548	+66.4%
Average			+99.8%

Owen Sound vs. Reykjavik - Cost of transportation

Improve prices · Change currency (USD)

pay 64.2% more for housing

	Owen Sound	Reykjavik
Internet connection 50 mbps or faster, cable/dsl	$54.84 CA$75.57	$81.97 ISK10,361	+49.5%
1-Bedroom apartment in downtown area	$1,052.46 CA$1,450.24	$2,259.48 ISK285,599	+114.7%
1-Bedroom apartment outside city center	$843.17 CA$1,161.84	$2,034.90 ISK257,212	+141.3%
Utilities for two (700 sq ft apartment) including electric, gas, water, heating	$118.89 CA$163.83	$60.87 ISK7,694	-48.8%
Average			+64.2%

Owen Sound vs. Reykjavik - Cost of housing

Improve prices · Change currency (USD)

pay 22.7% more for childcare

	Owen Sound	Reykjavik
Private preschool for 1 child, monthly	$551.59 CA$760.06	$327.78 ISK41,431	-40.6%
Middle school for 1 child, two semesters	$16,504.56 CA$22,742.46	$30,711.08 ISK3,881,881	+86.1%
Average			+22.7%

Owen Sound vs. Reykjavik - Cost of childcare

Improve prices · Change currency (USD)

pay 83.7% more for entertainment and sports

	Owen Sound	Reykjavik
Domestic/local beer (1 pint)	$4.31 CA$5.93	$13.12 ISK1,659	+204.8%
Cappuccino in mid-range area	$3.06 CA$4.22	$6.17 ISK780	+101.8%
Pack of cigarettes Marlboro or similar	$13.08 CA$18.02	$13.94 ISK1,761	+6.6%
Monthly membership at local gym	$82.52 CA$113.71	$87.35 ISK11,041	+5.9%
Movie ticket to theater/cinema	$8.61 CA$11.86	$17.18 ISK2,172	+99.6%
Average			+83.7%

Owen Sound vs. Reykjavik - Cost of entertainment and sports

Improve prices · Change currency (USD)

pay 2.7 times more for clothing

	Owen Sound	Reykjavik
Regular jeans Levi's brand	$42.70 CA$58.83	$145.10 ISK18,340	+239.8%
Regular dress from H&M or similar store	$33.73 CA$46.47	$63.97 ISK8,086	+89.7%
Running shoes Nike or Adidas	$66.98 CA$92.29	$193.43 ISK24,449	+188.8%
Men's business shoes (leather)	$100.46 CA$138.43	$248.79 ISK31,447	+147.6%
Average			+166.5%

Owen Sound vs. Reykjavik - Cost of clothing

Improve prices · Change currency (USD)

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

More cost comparisons

Owen Sound vs.

Moscow

Owen Sound vs.

Canberra

Owen Sound vs.

Nairobi

Owen Sound vs.

Paris

Owen Sound vs.

Mexico City

Owen Sound vs.

Hong Kong

Owen Sound vs.

Madrid

Owen Sound vs.

Singapore

Share this

Compare countries by overall cost of living

See the cost of living in Canada vs. Iceland. This provides a comparison of the average cost of living from cities within Canada and Iceland.

Help us improve these prices

MyLifeElsewhere is a collaborative project. Please enter price information for your location to help assist us in making these comparisons more accurate. Learn more

Add prices for Owen Sound

Add prices for Reykjavik

ASK THE ELSEWHERE COMMUNITY

Join the Elsewhere community and ask a question about Reykjavik or Owen Sound. It's a free, question-and-answer based forum to discuss what life is like in countries and cities around the world.