Cost of living comparison
Canada is 4.5% cheaper than Reykjavik.
If you lived in Canada instead of Reykjavik, you would:
pay 32.3% less for restaurants
|
Reykjavik
|
Canada
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$18.96
kr2,593
|
$14.02
CA$18.16
|
|
|
Fast food combo meal
McDonalds, or similar
|
$15.17
kr2,074
|
$8.79
CA$11.39
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$2.56
kr350
|
$1.76
CA$2.28
|
|
| Bottle of water (11 fl. oz) |
$2.10
kr287
|
$1.47
CA$1.91
|
|
pay 5.1% less for groceries
|
Reykjavik
|
Canada
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$3.16
kr433
|
$2.30
CA$2.98
|
|
| Local cheese (8 oz) |
$7.18
kr982
|
$5.78
CA$7.48
|
|
| Milk (1 gallon) |
$5.92
kr810
|
$7.70
CA$9.97
|
|
|
Eggs
1 dozen
|
$5.76
kr787
|
$2.99
CA$3.88
|
|
| Boneless chicken breast (1 lb) |
$7.97
kr1,090
|
$4.77
CA$6.18
|
|
| Apples (1 lb) |
$1.55
kr212
|
$1.61
CA$2.09
|
|
| Bananas (1 lb) |
$1.01
kr138
|
$0.70
CA$0.91
|
|
| Oranges (1 lb) |
$1.09
kr149
|
$1.59
CA$2.06
|
|
| Tomatoes (1 lb) |
$2.10
kr287
|
$1.67
CA$2.16
|
|
| Potatoes (1 lb) |
$1.21
kr166
|
$1.13
CA$1.46
|
|
| Onions (1 lb) |
$0.65
kr89
|
$1.02
CA$1.32
|
|
pay 21.6% less for transportation
|
Reykjavik
|
Canada
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$7.74
kr1,059
|
$5.83
CA$7.56
|
|
| Monthly public transit pass |
$60.67
kr8,297
|
$68.41
CA$88.62
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$34,127.10
kr4,666,882
|
$21,651.51
CA$28,048.23
|
|
| Taxi trip in downtown area (5 miles) |
$26.95
kr3,685
|
$16.78
CA$21.73
|
|
pay 7.7% less for housing
|
Reykjavik
|
Canada
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$71.50
kr9,777
|
$65.32
CA$84.62
|
|
| 1-Bedroom apartment in downtown area |
$1,563.60
kr213,822
|
$1,070.21
CA$1,386.40
|
|
| 1-Bedroom apartment outside city center |
$1,307.54
kr178,806
|
$940.11
CA$1,217.86
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$77.31
kr10,573
|
$106.32
CA$137.73
|
|
pay 2.1 times more for childcare
|
Reykjavik
|
Canada
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$368.36
kr50,373
|
$809.11
CA$1,048.15
|
|
| Middle school for 1 child, two semesters |
$7,015.02
kr959,303
|
$13,706.92
CA$17,756.49
|
|
pay 28.3% less for entertainment and sports
|
Reykjavik
|
Canada
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$9.10
kr1,244
|
$4.87
CA$6.30
|
|
| Cappuccino in mid-range area |
$4.68
kr640
|
$3.36
CA$4.35
|
|
|
Pack of cigarettes
Marlboro or similar
|
$12.32
kr1,685
|
$12.29
CA$15.92
|
|
| Monthly membership at local gym |
$75.09
kr10,269
|
$43.19
CA$55.95
|
|
| Movie ticket to theater/cinema |
$13.65
kr1,867
|
$10.42
CA$13.50
|
|
pay 44.0% less for clothing
|
Reykjavik
|
Canada
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$114.62
kr15,674
|
$50.05
CA$64.84
|
|
|
Regular dress
from H&M or similar store
|
$46.77
kr6,395
|
$36.24
CA$46.95
|
|
|
Running shoes
Nike or Adidas
|
$146.94
kr20,094
|
$79.97
CA$103.60
|
|
| Men's business shoes (leather) |
$205.08
kr28,044
|
$99.66
CA$129.10
|
|
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