Cost of living comparison
compared to
Cold Lake vs. Reykjavik Cost of Living Summary
Cold Lake is 31.4% cheaper than Reykjavik.
- Restaurants
-
pay 43.4% less in Cold Lake
- Groceries
-
pay 43.1% less in Cold Lake
- Transportation
-
pay 51.1% less in Cold Lake
- Housing
-
pay 0.7% more in Cold Lake
- Childcare
-
pay 16.0% more in Cold Lake
- Entertainment and Sports
-
pay 33.6% less in Cold Lake
- Clothing
-
pay 65.0% less in Cold Lake
The cost of childcare and housing in Cold Lake are more expensive than in Reykjavik. Expenses including clothing, transportation, restaurants, groceries, and entertainment and sports are lower in Cold Lake.
Cold Lake vs. Reykjavik Cost Breakdown
If you lived in Cold Lake instead of Reykjavik, you would:
pay 43.4% less for restaurants
|
Reykjavik
|
Cold Lake
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$27.48
ISK3,517
|
$17.22
CA$23.82
|
|
|
Fast food combo meal
McDonalds, or similar
|
$22.76
ISK2,913
|
$10.90
CA$15.08
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$3.34
ISK427
|
$2.09
CA$2.89
|
|
| Bottle of water (11 fl. oz) |
$2.70
ISK345
|
$1.44
CA$1.98
|
|
Reykjavik vs. Cold Lake - Cost of restaurants
pay 43.1% less for groceries
|
Reykjavik
|
Cold Lake
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$4.63
ISK593
|
$1.96
CA$2.71
|
|
| Local cheese (8 oz) |
$9.44
ISK1,208
|
$5.50
CA$7.60
|
|
| Milk (1 gallon) |
$7.63
ISK976
|
$4.01
CA$5.55
|
|
|
Eggs
1 dozen
|
$6.50
ISK832
|
$3.52
CA$4.86
|
|
| Boneless chicken breast (1 lb) |
$11.29
ISK1,445
|
$5.43
CA$7.51
|
|
| Apples (1 lb) |
$1.59
ISK204
|
$2.03
CA$2.81
|
|
| Bananas (1 lb) |
$1.17
ISK150
|
$0.49
CA$0.68
|
|
| Oranges (1 lb) |
$1.49
ISK190
|
$0.81
CA$1.13
|
|
| Tomatoes (1 lb) |
$2.54
ISK325
|
$0.98
CA$1.35
|
|
| Potatoes (1 lb) |
$1.70
ISK217
|
$1.09
CA$1.50
|
|
| Onions (1 lb) |
$1.13
ISK145
|
$0.49
CA$0.68
|
|
Reykjavik vs. Cold Lake - Cost of groceries
pay 51.1% less for transportation
|
Reykjavik
|
Cold Lake
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$9.66
ISK1,236
|
$3.72
CA$5.14
|
|
| Monthly public transit pass |
$88.58
ISK11,337
|
?? | |
| New Volkswagen Golf 1.4 (standard edition) |
$50,771.00
ISK6,497,672
|
$24,382.26
CA$33,717.01
|
|
| Taxi trip in downtown area (5 miles) |
$28.07
ISK3,592
|
$16.86
CA$23.32
|
|
Reykjavik vs. Cold Lake - Cost of transportation
pay 0.7% more for housing
|
Reykjavik
|
Cold Lake
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$81.97
ISK10,490
|
$63.09
CA$87.24
|
|
| 1-Bedroom apartment in downtown area |
$2,259.48
ISK289,169
|
$885.03
CA$1,223.86
|
|
| 1-Bedroom apartment outside city center |
$2,034.90
ISK260,427
|
$861.11
CA$1,190.78
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$60.87
ISK7,791
|
$148.79
CA$205.76
|
|
Reykjavik vs. Cold Lake - Cost of housing
pay 16.0% more for childcare
|
Reykjavik
|
Cold Lake
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$327.78
ISK41,949
|
$665.47
CA$920.24
|
|
| Middle school for 1 child, two semesters |
$30,711.08
ISK3,930,404
|
$8,898.11
CA$12,304.75
|
|
Reykjavik vs. Cold Lake - Cost of childcare
pay 33.6% less for entertainment and sports
|
Reykjavik
|
Cold Lake
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$13.12
ISK1,680
|
$5.74
CA$7.94
|
|
| Cappuccino in mid-range area |
$6.17
ISK790
|
$3.68
CA$5.09
|
|
|
Pack of cigarettes
Marlboro or similar
|
$13.94
ISK1,783
|
$12.11
CA$16.74
|
|
| Monthly membership at local gym |
$87.35
ISK11,179
|
?? | |
| Movie ticket to theater/cinema |
$17.18
ISK2,199
|
$12.92
CA$17.86
|
|
Reykjavik vs. Cold Lake - Cost of entertainment and sports
pay 65.0% less for clothing
|
Reykjavik
|
Cold Lake
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$145.10
ISK18,569
|
$28.70
CA$39.69
|
|
|
Regular dress
from H&M or similar store
|
$63.97
ISK8,187
|
$35.88
CA$49.62
|
|
|
Running shoes
Nike or Adidas
|
$193.43
ISK24,755
|
$53.82
CA$74.42
|
|
| Men's business shoes (leather) |
$248.79
ISK31,840
|
$89.70
CA$124.04
|
|
Reykjavik vs. Cold Lake - Cost of clothing
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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