Cost of living comparison

compared to

Parry Sound vs. Reykjavik Cost of Living Summary

Parry Sound is 9.4% more expensive than Reykjavik.

Restaurants: pay 43.0% less in Parry Sound
Groceries: pay 48.5% less in Parry Sound
Transportation: pay 59.4% less in Parry Sound
Housing: pay 4.0% more in Parry Sound
Childcare: pay 3.9 times more in Parry Sound
Entertainment and Sports: pay 45.4% less in Parry Sound
Clothing: pay 36.0% less in Parry Sound

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

Parry Sound vs. Reykjavik Cost Breakdown

If you lived in Parry Sound instead of Reykjavik, you would:

Display currency: USD

pay 43.0% less for restaurants

	Reykjavik	Parry Sound
Basic meal with drink at inexpensive restaurant	$27.48 ISK3,420	$19.01 CA$26.39	-30.8%
Fast food combo meal McDonalds, or similar	$22.76 ISK2,833	$10.08 CA$13.99	-55.7%
Bottle of Coca-Cola (11 fl. oz)	$3.34 ISK415	$1.90 CA$2.63	-43.1%
Bottle of water (11 fl. oz)	$2.70 ISK336	$1.55 CA$2.15	-42.5%
Average			-43.0%

Reykjavik vs. Parry Sound - Cost of restaurants

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pay 48.5% less for groceries

	Reykjavik	Parry Sound
Bread 1 loaf	$4.63 ISK577	$2.38 CA$3.31	-48.6%
Local cheese (8 oz)	$9.44 ISK1,175	$2.12 CA$2.94	-77.6%
Milk (1 gallon)	$7.63 ISK950	$8.75 CA$12.14	+14.6%
Eggs 1 dozen	$6.50 ISK809	$3.14 CA$4.36	-51.7%
Boneless chicken breast (1 lb)	$11.29 ISK1,406	$4.88 CA$6.78	-56.8%
Apples (1 lb)	$1.59 ISK198	$1.56 CA$2.17	-1.8%
Bananas (1 lb)	$1.17 ISK146	$0.33 CA$0.45	-72.2%
Oranges (1 lb)	$1.49 ISK185	$0.33 CA$0.45	-78.1%
Tomatoes (1 lb)	$2.54 ISK316	$0.98 CA$1.36	-61.5%
Potatoes (1 lb)	$1.70 ISK211	$0.76 CA$1.06	-54.9%
Onions (1 lb)	$1.13 ISK141	$0.62 CA$0.86	-45.3%
Average			-48.5%

Reykjavik vs. Parry Sound - Cost of groceries

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pay 59.4% less for transportation

	Reykjavik	Parry Sound
Gasoline (1 gallon)	$9.66 ISK1,202	$3.93 CA$5.46	-59.3%
Monthly public transit pass	$88.58 ISK11,027	??
New Volkswagen Golf 1.4 (standard edition)	$50,771.00 ISK6M	$24,369.83 CA$33,839.43	-52.0%
Taxi trip in downtown area (5 miles)	$28.07 ISK3,494	$9.32 CA$12.95	-66.8%
Average			-59.4%

Reykjavik vs. Parry Sound - Cost of transportation

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pay 4.0% more for housing

	Reykjavik	Parry Sound
Internet connection 50 mbps or faster, cable/dsl	$81.97 ISK10,203	$53.79 CA$74.69	-34.4%
1-Bedroom apartment in downtown area	$2,259.48 ISK281K	$1,111.70 CA$1,543.68	-50.8%
1-Bedroom apartment outside city center	$2,034.90 ISK253K	$1,362.73 CA$1,892.25	-33.0%
Utilities for two (700 sq ft apartment) including electric, gas, water, heating	$60.87 ISK7,578	$142.50 CA$197.88	+134.1%
Average			+4.0%

Reykjavik vs. Parry Sound - Cost of housing

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pay 3.9 times more for childcare

	Reykjavik	Parry Sound
Private preschool for 1 child, monthly	$327.78 ISK40,802	$1,291.00 CA$1,792.66	+293.9%
Middle school for 1 child, two semesters	$30,711.08 ISK4M	??
Average			+293.9%

Reykjavik vs. Parry Sound - Cost of childcare

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pay 45.4% less for entertainment and sports

	Reykjavik	Parry Sound
Domestic/local beer (1 pint)	$13.12 ISK1,634	$5.02 CA$6.97	-61.7%
Cappuccino in mid-range area	$6.17 ISK768	$2.87 CA$3.98	-53.5%
Pack of cigarettes Marlboro or similar	$13.94 ISK1,735	$12.12 CA$16.83	-13.0%
Monthly membership at local gym	$87.35 ISK10,874	$33.71 CA$46.81	-61.4%
Movie ticket to theater/cinema	$17.18 ISK2,139	$10.76 CA$14.94	-37.4%
Average			-45.4%

Reykjavik vs. Parry Sound - Cost of entertainment and sports

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pay 36.0% less for clothing

	Reykjavik	Parry Sound
Regular jeans Levi's brand	$145.10 ISK18,062	$68.67 CA$95.36	-52.7%
Regular dress from H&M or similar store	$63.97 ISK7,963	$56.90 CA$79.01	-11.0%
Running shoes Nike or Adidas	$193.43 ISK24,078	$112.96 CA$156.86	-41.6%
Men's business shoes (leather)	$248.79 ISK30,970	$152.41 CA$211.63	-38.7%
Average			-36.0%

Reykjavik vs. Parry Sound - 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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