Cost of living comparison

compared to

Lethbridge vs. Reykjavik Cost of Living Summary

Lethbridge is 22.4% cheaper than Reykjavik.

Restaurants: pay 42.5% less in Lethbridge
Groceries: pay 24.0% less in Lethbridge
Transportation: pay 49.1% less in Lethbridge
Housing: pay 0.3% more in Lethbridge
Childcare: pay 51.4% more in Lethbridge
Entertainment and Sports: pay 37.0% less in Lethbridge
Clothing: pay 55.8% less in Lethbridge

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

Lethbridge vs. Reykjavik Cost Breakdown

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

Display currency: USD

pay 42.5% less for restaurants

	Reykjavik	Lethbridge
Basic meal with drink at inexpensive restaurant	$27.48 ISK3,473	$17.94 CA$24.72	-34.7%
Fast food combo meal McDonalds, or similar	$22.76 ISK2,877	$10.76 CA$14.83	-52.7%
Bottle of Coca-Cola (11 fl. oz)	$3.34 ISK422	$1.67 CA$2.30	-50.0%
Bottle of water (11 fl. oz)	$2.70 ISK341	$1.81 CA$2.50	-32.8%
Average			-42.5%

Reykjavik vs. Lethbridge - Cost of restaurants

Improve prices · Change currency (USD)

pay 24.0% less for groceries

	Reykjavik	Lethbridge
Bread 1 loaf	$4.63 ISK586	$2.22 CA$3.06	-52.1%
Local cheese (8 oz)	$9.44 ISK1,193	$6.13 CA$8.45	-35.0%
Milk (1 gallon)	$7.63 ISK964	$7.49 CA$10.32	-1.9%
Eggs 1 dozen	$6.50 ISK822	$3.32 CA$4.58	-48.9%
Boneless chicken breast (1 lb)	$11.29 ISK1,427	$5.49 CA$7.57	-51.4%
Apples (1 lb)	$1.59 ISK201	$1.86 CA$2.56	+16.7%
Bananas (1 lb)	$1.17 ISK148	$0.59 CA$0.82	-49.1%
Oranges (1 lb)	$1.49 ISK188	$1.68 CA$2.31	+12.6%
Tomatoes (1 lb)	$2.54 ISK321	$1.93 CA$2.67	-23.7%
Potatoes (1 lb)	$1.70 ISK214	$1.11 CA$1.53	-34.5%
Onions (1 lb)	$1.13 ISK143	$1.17 CA$1.61	+3.1%
Average			-24.0%

Reykjavik vs. Lethbridge - Cost of groceries

Improve prices · Change currency (USD)

pay 49.1% less for transportation

	Reykjavik	Lethbridge
Gasoline (1 gallon)	$9.66 ISK1,221	$3.83 CA$5.27	-60.4%
Monthly public transit pass	$88.58 ISK11,197	$55.25 CA$76.14	-37.6%
New Volkswagen Golf 1.4 (standard edition)	$50,771.00 ISK6,417,454	$24,382.26 CA$33,597.54	-52.0%
Taxi trip in downtown area (5 miles)	$28.07 ISK3,548	$15.07 CA$20.76	-46.3%
Average			-49.1%

Reykjavik vs. Lethbridge - Cost of transportation

Improve prices · Change currency (USD)

pay 0.3% more for housing

	Reykjavik	Lethbridge
Internet connection 50 mbps or faster, cable/dsl	$81.97 ISK10,361	$60.15 CA$82.88	-26.6%
1-Bedroom apartment in downtown area	$2,259.48 ISK285,599	$898.18 CA$1,237.65	-60.2%
1-Bedroom apartment outside city center	$2,034.90 ISK257,212	$760.65 CA$1,048.13	-62.6%
Utilities for two (700 sq ft apartment) including electric, gas, water, heating	$60.87 ISK7,694	$152.49 CA$210.12	+150.5%
Average			+0.3%

Reykjavik vs. Lethbridge - Cost of housing

Improve prices · Change currency (USD)

pay 51.4% more for childcare

	Reykjavik	Lethbridge
Private preschool for 1 child, monthly	$327.78 ISK41,431	$825.23 CA$1,137.12	+151.8%
Middle school for 1 child, two semesters	$30,711.08 ISK3,881,881	$15,667.38 CA$21,588.86	-49.0%
Average			+51.4%

Reykjavik vs. Lethbridge - Cost of childcare

Improve prices · Change currency (USD)

pay 37.0% less for entertainment and sports

	Reykjavik	Lethbridge
Domestic/local beer (1 pint)	$13.12 ISK1,659	$5.02 CA$6.92	-61.7%
Cappuccino in mid-range area	$6.17 ISK780	$3.72 CA$5.12	-39.8%
Pack of cigarettes Marlboro or similar	$13.94 ISK1,761	$12.92 CA$17.80	-7.3%
Monthly membership at local gym	$87.35 ISK11,041	$46.28 CA$63.78	-47.0%
Movie ticket to theater/cinema	$17.18 ISK2,172	$12.20 CA$16.81	-29.0%
Average			-37.0%

Reykjavik vs. Lethbridge - Cost of entertainment and sports

Improve prices · Change currency (USD)

pay 55.8% less for clothing

	Reykjavik	Lethbridge
Regular jeans Levi's brand	$145.10 ISK18,340	$42.88 CA$59.08	-70.4%
Regular dress from H&M or similar store	$63.97 ISK8,086	$43.06 CA$59.33	-32.7%
Running shoes Nike or Adidas	$193.43 ISK24,449	$73.77 CA$101.65	-61.9%
Men's business shoes (leather)	$248.79 ISK31,447	$103.76 CA$142.98	-58.3%
Average			-55.8%

Reykjavik vs. Lethbridge - 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

Reykjavik vs.

Mexico City

Reykjavik vs.

Prague

Reykjavik vs.

Ankara

Reykjavik vs.

Beijing

Reykjavik vs.

Paris

Reykjavik vs.

Algiers

Reykjavik vs.

Kiev

Reykjavik vs.

Dublin

Share this

Compare countries by overall cost of living

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

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 Reykjavik

Add prices for Lethbridge

ASK THE ELSEWHERE COMMUNITY

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