Cost of living comparison

compared to

Halifax vs. Reykjavik Cost of Living Summary

Halifax is 18.5% cheaper than Reykjavik.

Restaurants: pay 40.9% less in Halifax
Groceries: pay 17.8% less in Halifax
Transportation: pay 45.6% less in Halifax
Housing: pay 0.2% more in Halifax
Childcare: pay 63.1% more in Halifax
Entertainment and Sports: pay 35.1% less in Halifax
Clothing: pay 53.2% less in Halifax

The cost of childcare and housing in Halifax are more expensive than in Reykjavik. Expenses including clothing, transportation, restaurants, entertainment and sports, and groceries are lower in Halifax.

Halifax vs. Reykjavik Cost Breakdown

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

Display currency: USD

pay 40.9% less for restaurants

	Reykjavik	Halifax
Basic meal with drink at inexpensive restaurant	$27.48 ISK3,517	$17.94 CA$24.81	-34.7%
Fast food combo meal McDonalds, or similar	$22.76 ISK2,913	$10.05 CA$13.89	-55.9%
Bottle of Coca-Cola (11 fl. oz)	$3.34 ISK427	$2.20 CA$3.05	-33.9%
Bottle of water (11 fl. oz)	$2.70 ISK345	$1.64 CA$2.27	-39.0%
Average			-40.9%

Reykjavik vs. Halifax - Cost of restaurants

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pay 17.8% less for groceries

	Reykjavik	Halifax
Bread 1 loaf	$4.63 ISK593	$2.79 CA$3.86	-39.8%
Local cheese (8 oz)	$9.44 ISK1,208	$4.67 CA$6.46	-50.5%
Milk (1 gallon)	$7.63 ISK976	$8.37 CA$11.58	+9.7%
Eggs 1 dozen	$6.50 ISK832	$3.80 CA$5.25	-41.6%
Boneless chicken breast (1 lb)	$11.29 ISK1,445	$5.79 CA$8.01	-48.7%
Apples (1 lb)	$1.59 ISK204	$2.18 CA$3.02	+37.1%
Bananas (1 lb)	$1.17 ISK150	$0.73 CA$1.01	-37.4%
Oranges (1 lb)	$1.49 ISK190	$1.96 CA$2.71	+31.5%
Tomatoes (1 lb)	$2.54 ISK325	$1.99 CA$2.75	-21.6%
Potatoes (1 lb)	$1.70 ISK217	$1.17 CA$1.62	-31.0%
Onions (1 lb)	$1.13 ISK145	$1.09 CA$1.51	-3.2%
Average			-17.8%

Reykjavik vs. Halifax - Cost of groceries

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pay 45.6% less for transportation

	Reykjavik	Halifax
Gasoline (1 gallon)	$9.66 ISK1,236	$4.43 CA$6.13	-54.1%
Monthly public transit pass	$88.58 ISK11,337	$64.58 CA$89.31	-27.1%
New Volkswagen Golf 1.4 (standard edition)	$50,771.00 ISK6,497,672	$25,466.54 CA$35,216.41	-49.8%
Taxi trip in downtown area (5 miles)	$28.07 ISK3,592	$13.63 CA$18.85	-51.4%
Average			-45.6%

Reykjavik vs. Halifax - Cost of transportation

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pay 0.2% more for housing

	Reykjavik	Halifax
Internet connection 50 mbps or faster, cable/dsl	$81.97 ISK10,490	$71.72 CA$99.18	-12.5%
1-Bedroom apartment in downtown area	$2,259.48 ISK289,169	$1,493.63 CA$2,065.47	-33.9%
1-Bedroom apartment outside city center	$2,034.90 ISK260,427	$1,170.42 CA$1,618.51	-42.5%
Utilities for two (700 sq ft apartment) including electric, gas, water, heating	$60.87 ISK7,791	$115.37 CA$159.54	+89.5%
Average			+0.2%

Reykjavik vs. Halifax - Cost of housing

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pay 63.1% more for childcare

	Reykjavik	Halifax
Private preschool for 1 child, monthly	$327.78 ISK41,949	$910.94 CA$1,259.69	+177.9%
Middle school for 1 child, two semesters	$30,711.08 ISK3,930,404	$14,800.29 CA$20,466.58	-51.8%
Average			+63.1%

Reykjavik vs. Halifax - Cost of childcare

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pay 35.1% less for entertainment and sports

	Reykjavik	Halifax
Domestic/local beer (1 pint)	$13.12 ISK1,680	$5.74 CA$7.94	-56.3%
Cappuccino in mid-range area	$6.17 ISK790	$3.90 CA$5.40	-36.8%
Pack of cigarettes Marlboro or similar	$13.94 ISK1,783	$15.07 CA$20.84	+8.1%
Monthly membership at local gym	$87.35 ISK11,179	$41.01 CA$56.70	-53.1%
Movie ticket to theater/cinema	$17.18 ISK2,199	$10.76 CA$14.88	-37.4%
Average			-35.1%

Reykjavik vs. Halifax - Cost of entertainment and sports

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pay 53.2% less for clothing

	Reykjavik	Halifax
Regular jeans Levi's brand	$145.10 ISK18,569	$61.92 CA$85.63	-57.3%
Regular dress from H&M or similar store	$63.97 ISK8,187	$31.96 CA$44.19	-50.0%
Running shoes Nike or Adidas	$193.43 ISK24,755	$97.30 CA$134.55	-49.7%
Men's business shoes (leather)	$248.79 ISK31,840	$110.12 CA$152.28	-55.7%
Average			-53.2%

Reykjavik vs. Halifax - 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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