Cost of living comparison

compared to

Iqaluit vs. Reykjavik Cost of Living Summary

Iqaluit is 5.8% cheaper than Reykjavik.

Restaurants: pay 10.9% more in Iqaluit
Groceries: pay 15.5% less in Iqaluit
Transportation: pay 13.2% less in Iqaluit
Housing: pay 9.5% less in Iqaluit
Childcare: pay 58.7% more in Iqaluit
Entertainment and Sports: pay 21.6% less in Iqaluit
Clothing: pay 50.6% less in Iqaluit

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

Iqaluit vs. Reykjavik Cost Breakdown

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

Display currency: USD

pay 10.9% more for restaurants

	Reykjavik	Iqaluit
Basic meal with drink at inexpensive restaurant	$27.48 ISK3,517	$30.86 CA$43.16	+12.3%
Fast food combo meal McDonalds, or similar	$22.76 ISK2,913	$12.86 CA$17.99	-43.5%
Bottle of Coca-Cola (11 fl. oz)	$3.34 ISK427	$3.81 CA$5.34	+14.4%
Bottle of water (11 fl. oz)	$2.70 ISK345	$4.32 CA$6.04	+60.2%
Average			+10.9%

Reykjavik vs. Iqaluit - Cost of restaurants

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pay 15.5% less for groceries

	Reykjavik	Iqaluit
Bread 1 loaf	$4.63 ISK593	$5.36 CA$7.50	+15.8%
Local cheese (8 oz)	$9.44 ISK1,208	$5.98 CA$8.37	-36.6%
Milk (1 gallon)	$7.63 ISK976	$9.21 CA$12.88	+20.7%
Eggs 1 dozen	$6.50 ISK832	$4.31 CA$6.02	-33.8%
Boneless chicken breast (1 lb)	$11.29 ISK1,445	$6.11 CA$8.55	-45.9%
Apples (1 lb)	$1.59 ISK204	$0.90 CA$1.27	-43.1%
Bananas (1 lb)	$1.17 ISK150	$1.36 CA$1.90	+16.1%
Oranges (1 lb)	$1.49 ISK190	$0.90 CA$1.27	-39.2%
Tomatoes (1 lb)	$2.54 ISK325	$0.90 CA$1.27	-64.3%
Potatoes (1 lb)	$1.70 ISK217	$1.36 CA$1.90	-20.0%
Onions (1 lb)	$1.13 ISK145	$1.81 CA$2.53	+60.1%
Average			-15.5%

Reykjavik vs. Iqaluit - Cost of groceries

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pay 13.2% less for transportation

	Reykjavik	Iqaluit
Gasoline (1 gallon)	$9.66 ISK1,236	$4.81 CA$6.73	-50.2%
Monthly public transit pass	$88.58 ISK11,337	$140.43 CA$196.43	+58.5%
New Volkswagen Golf 1.4 (standard edition)	$50,771.00 ISK6,497,672	$48,437.30 CA$67,751.68	-4.6%
Taxi trip in downtown area (5 miles)	$28.07 ISK3,592	$12.20 CA$17.06	-56.5%
Average			-13.2%

Reykjavik vs. Iqaluit - Cost of transportation

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pay 9.5% less for housing

	Reykjavik	Iqaluit
Internet connection 50 mbps or faster, cable/dsl	$81.97 ISK10,490	$53.82 CA$75.28	-34.3%
1-Bedroom apartment in downtown area	$2,259.48 ISK289,169	$1,652.53 CA$2,311.47	-26.9%
1-Bedroom apartment outside city center	$2,034.90 ISK260,427	$1,573.52 CA$2,200.97	-22.7%
Utilities for two (700 sq ft apartment) including electric, gas, water, heating	$60.87 ISK7,791	$88.82 CA$124.24	+45.9%
Average			-9.5%

Reykjavik vs. Iqaluit - Cost of housing

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pay 58.7% more for childcare

	Reykjavik	Iqaluit
Private preschool for 1 child, monthly	$327.78 ISK41,949	$997.29 CA$1,394.96	+204.3%
Middle school for 1 child, two semesters	$30,711.08 ISK3,930,404	$3,989.17 CA$5,579.85	-87.0%
Average			+58.7%

Reykjavik vs. Iqaluit - Cost of childcare

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pay 21.6% less for entertainment and sports

	Reykjavik	Iqaluit
Domestic/local beer (1 pint)	$13.12 ISK1,680	$6.72 CA$9.40	-48.8%
Cappuccino in mid-range area	$6.17 ISK790	$6.71 CA$9.38	+8.6%
Pack of cigarettes Marlboro or similar	$13.94 ISK1,783	$13.96 CA$19.52	+0.2%
Monthly membership at local gym	$87.35 ISK11,179	$73.87 CA$103.33	-15.4%
Movie ticket to theater/cinema	$17.18 ISK2,199	$8.15 CA$11.41	-52.5%
Average			-21.6%

Reykjavik vs. Iqaluit - Cost of entertainment and sports

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pay 50.6% less for clothing

	Reykjavik	Iqaluit
Regular jeans Levi's brand	$145.10 ISK18,569	$61.00 CA$85.32	-58.0%
Regular dress from H&M or similar store	$63.97 ISK8,187	$35.88 CA$50.19	-43.9%
Running shoes Nike or Adidas	$193.43 ISK24,755	$100.46 CA$140.52	-48.1%
Men's business shoes (leather)	$248.79 ISK31,840	$118.40 CA$165.62	-52.4%
Average			-50.6%

Reykjavik vs. Iqaluit - 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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