Cost of living comparison

compared to

North Bay vs. Reykjavik Cost of Living Summary

North Bay is 23.7% cheaper than Reykjavik.

Restaurants: pay 51.7% less in North Bay
Groceries: pay 26.5% less in North Bay
Transportation: pay 45.9% less in North Bay
Housing: pay 8.6% less in North Bay
Childcare: pay 82.4% more in North Bay
Entertainment and Sports: pay 46.1% less in North Bay
Clothing: pay 69.3% less in North Bay

Expenses including clothing, restaurants, entertainment and sports, transportation, groceries, and housing are lower in North Bay. Notably, childcare is significantly more expensive in North Bay.

North Bay vs. Reykjavik Cost Breakdown

If you lived in North Bay instead of Reykjavik, you would:

Display currency: USD

pay 51.7% less for restaurants

	Reykjavik	North Bay
Basic meal with drink at inexpensive restaurant	$27.48 ISK3,420	$14.35 CA$19.93	-47.8%
Fast food combo meal McDonalds, or similar	$22.76 ISK2,833	$9.33 CA$12.95	-59.0%
Bottle of Coca-Cola (11 fl. oz)	$3.34 ISK415	$1.83 CA$2.54	-45.2%
Bottle of water (11 fl. oz)	$2.70 ISK336	$1.22 CA$1.69	-54.8%
Average			-51.7%

Reykjavik vs. North Bay - Cost of restaurants

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pay 26.5% less for groceries

	Reykjavik	North Bay
Bread 1 loaf	$4.63 ISK577	$2.25 CA$3.13	-51.4%
Local cheese (8 oz)	$9.44 ISK1,175	$10.10 CA$14.02	+7.0%
Milk (1 gallon)	$7.63 ISK950	$7.38 CA$10.24	-3.3%
Eggs 1 dozen	$6.50 ISK809	$3.27 CA$4.54	-49.7%
Boneless chicken breast (1 lb)	$11.29 ISK1,406	$5.11 CA$7.10	-54.7%
Apples (1 lb)	$1.59 ISK198	$1.70 CA$2.36	+7.0%
Bananas (1 lb)	$1.17 ISK146	$0.60 CA$0.83	-48.6%
Oranges (1 lb)	$1.49 ISK185	$1.62 CA$2.24	+8.6%
Tomatoes (1 lb)	$2.54 ISK316	$1.53 CA$2.12	-39.8%
Potatoes (1 lb)	$1.70 ISK211	$0.94 CA$1.30	-44.7%
Onions (1 lb)	$1.13 ISK141	$0.89 CA$1.23	-21.5%
Average			-26.5%

Reykjavik vs. North Bay - Cost of groceries

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pay 45.9% less for transportation

	Reykjavik	North Bay
Gasoline (1 gallon)	$9.66 ISK1,202	$4.00 CA$5.55	-58.6%
Monthly public transit pass	$88.58 ISK11,027	$71.76 CA$99.64	-19.0%
New Volkswagen Golf 1.4 (standard edition)	$50,771.00 ISK6M	$24,382.26 CA$33,856.70	-52.0%
Taxi trip in downtown area (5 miles)	$28.07 ISK3,494	$12.97 CA$18.01	-53.8%
Average			-45.9%

Reykjavik vs. North Bay - Cost of transportation

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pay 8.6% less for housing

	Reykjavik	North Bay
Internet connection 50 mbps or faster, cable/dsl	$81.97 ISK10,203	$57.85 CA$80.34	-29.4%
1-Bedroom apartment in downtown area	$2,259.48 ISK281K	$1,339.50 CA$1,860.00	-40.7%
1-Bedroom apartment outside city center	$2,034.90 ISK253K	$1,219.90 CA$1,693.93	-40.1%
Utilities for two (700 sq ft apartment) including electric, gas, water, heating	$60.87 ISK7,578	$107.00 CA$148.58	+75.8%
Average			-8.6%

Reykjavik vs. North Bay - Cost of housing

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pay 82.4% more for childcare

	Reykjavik	North Bay
Private preschool for 1 child, monthly	$327.78 ISK40,802	$896.99 CA$1,245.54	+173.7%
Middle school for 1 child, two semesters	$30,711.08 ISK4M	$27,986.00 CA$38,860.77	-8.9%
Average			+82.4%

Reykjavik vs. North Bay - Cost of childcare

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pay 46.1% less for entertainment and sports

	Reykjavik	North Bay
Domestic/local beer (1 pint)	$13.12 ISK1,634	$5.02 CA$6.98	-61.7%
Cappuccino in mid-range area	$6.17 ISK768	$3.16 CA$4.38	-48.9%
Pack of cigarettes Marlboro or similar	$13.94 ISK1,735	$12.92 CA$17.94	-7.3%
Monthly membership at local gym	$87.35 ISK10,874	$24.40 CA$33.88	-72.1%
Movie ticket to theater/cinema	$17.18 ISK2,139	$10.23 CA$14.20	-40.5%
Average			-46.1%

Reykjavik vs. North Bay - Cost of entertainment and sports

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pay 69.3% less for clothing

	Reykjavik	North Bay
Regular jeans Levi's brand	$145.10 ISK18,062	$43.06 CA$59.79	-70.3%
Regular dress from H&M or similar store	$63.97 ISK7,963	$17.94 CA$24.91	-72.0%
Running shoes Nike or Adidas	$193.43 ISK24,078	$62.79 CA$87.19	-67.5%
Men's business shoes (leather)	$248.79 ISK30,970	$81.33 CA$112.93	-67.3%
Average			-69.3%

Reykjavik vs. North Bay - 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: April 2026

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