Cost of living comparison

compared to

North Vancouver vs. Reykjavik Cost of Living Summary

North Vancouver is 14.5% cheaper than Reykjavik.

Restaurants: pay 41.4% less in North Vancouver
Groceries: pay 32.6% less in North Vancouver
Transportation: pay 37.4% less in North Vancouver
Housing: pay 1.8% more in North Vancouver
Childcare: pay 2.0 times more in North Vancouver
Entertainment and Sports: pay 37.7% less in North Vancouver
Clothing: pay 54.7% less in North Vancouver

The cost of childcare and housing in North Vancouver are more expensive than in Reykjavik. Expenses including clothing, restaurants, entertainment and sports, transportation, and groceries are lower in North Vancouver. Notably, childcare is significantly more expensive in North Vancouver.

North Vancouver vs. Reykjavik Cost Breakdown

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

Display currency: USD

pay 41.4% less for restaurants

	Reykjavik	North Vancouver
Basic meal with drink at inexpensive restaurant	$27.48 ISK3,379	$17.94 CA$24.56	-34.7%
Fast food combo meal McDonalds, or similar	$22.76 ISK2,799	$10.76 CA$14.73	-52.7%
Bottle of Coca-Cola (11 fl. oz)	$3.34 ISK410	$2.07 CA$2.83	-38.0%
Bottle of water (11 fl. oz)	$2.70 ISK332	$1.61 CA$2.21	-40.2%
Average			-41.4%

Reykjavik vs. North Vancouver - Cost of restaurants

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pay 32.6% less for groceries

	Reykjavik	North Vancouver
Bread 1 loaf	$4.63 ISK570	$2.39 CA$3.27	-48.4%
Local cheese (8 oz)	$9.44 ISK1,161	$5.02 CA$6.87	-46.8%
Milk (1 gallon)	$7.63 ISK938	$6.88 CA$9.42	-9.8%
Eggs 1 dozen	$6.50 ISK800	$3.49 CA$4.77	-46.4%
Boneless chicken breast (1 lb)	$11.29 ISK1,389	$4.85 CA$6.64	-57.1%
Apples (1 lb)	$1.59 ISK196	$1.39 CA$1.91	-12.4%
Bananas (1 lb)	$1.17 ISK144	$0.58 CA$0.80	-50.1%
Oranges (1 lb)	$1.49 ISK183	$1.34 CA$1.84	-9.7%
Tomatoes (1 lb)	$2.54 ISK312	$1.74 CA$2.38	-31.5%
Potatoes (1 lb)	$1.70 ISK209	$1.15 CA$1.57	-32.4%
Onions (1 lb)	$1.13 ISK139	$0.97 CA$1.32	-14.5%
Average			-32.6%

Reykjavik vs. North Vancouver - Cost of groceries

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pay 37.4% less for transportation

	Reykjavik	North Vancouver
Gasoline (1 gallon)	$9.66 ISK1,188	$4.76 CA$6.51	-50.8%
Monthly public transit pass	$88.58 ISK10,895	$87.99 CA$120.44	-0.7%
New Volkswagen Golf 1.4 (standard edition)	$50,771.00 ISK6M	$24,382.26 CA$33,373.22	-52.0%
Taxi trip in downtown area (5 miles)	$28.07 ISK3,452	$15.14 CA$20.73	-46.0%
Average			-37.4%

Reykjavik vs. North Vancouver - Cost of transportation

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pay 1.8% more for housing

	Reykjavik	North Vancouver
Internet connection 50 mbps or faster, cable/dsl	$81.97 ISK10,081	$67.45 CA$92.33	-17.7%
1-Bedroom apartment in downtown area	$2,259.48 ISK278K	$1,834.98 CA$2,511.63	-18.8%
1-Bedroom apartment outside city center	$2,034.90 ISK250K	$1,607.40 CA$2,200.13	-21.0%
Utilities for two (700 sq ft apartment) including electric, gas, water, heating	$60.87 ISK7,487	$100.30 CA$137.28	+64.8%
Average			+1.8%

Reykjavik vs. North Vancouver - Cost of housing

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pay 2.0 times more for childcare

	Reykjavik	North Vancouver
Private preschool for 1 child, monthly	$327.78 ISK40,314	$1,199.27 CA$1,641.50	+265.9%
Middle school for 1 child, two semesters	$30,711.08 ISK4M	$10,763.85 CA$14,733.01	-65.0%
Average			+100.4%

Reykjavik vs. North Vancouver - Cost of childcare

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pay 37.7% less for entertainment and sports

	Reykjavik	North Vancouver
Domestic/local beer (1 pint)	$13.12 ISK1,614	$5.02 CA$6.88	-61.7%
Cappuccino in mid-range area	$6.17 ISK759	$3.96 CA$5.42	-35.9%
Pack of cigarettes Marlboro or similar	$13.94 ISK1,714	$14.35 CA$19.64	+3.0%
Monthly membership at local gym	$87.35 ISK10,743	$32.00 CA$43.81	-63.4%
Movie ticket to theater/cinema	$17.18 ISK2,113	$11.93 CA$16.33	-30.6%
Average			-37.7%

Reykjavik vs. North Vancouver - Cost of entertainment and sports

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pay 54.7% less for clothing

	Reykjavik	North Vancouver
Regular jeans Levi's brand	$145.10 ISK17,845	$60.42 CA$82.70	-58.4%
Regular dress from H&M or similar store	$63.97 ISK7,867	$38.27 CA$52.38	-40.2%
Running shoes Nike or Adidas	$193.43 ISK23,790	$84.68 CA$115.90	-56.2%
Men's business shoes (leather)	$248.79 ISK30,599	$89.70 CA$122.78	-63.9%
Average			-54.7%

Reykjavik vs. North Vancouver - 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: February 2026

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