Cost of living comparison
compared to
Red Deer vs. Reykjavik Cost of Living Summary
Red Deer is 29.0% cheaper than Reykjavik.
- Restaurants
-
pay 44.9% less in Red Deer
- Groceries
-
pay 28.0% less in Red Deer
- Transportation
-
pay 51.4% less in Red Deer
- Housing
-
pay 1.9% more in Red Deer
- Childcare
-
pay 16.0% more in Red Deer
- Entertainment and Sports
-
pay 38.4% less in Red Deer
- Clothing
-
pay 58.4% less in Red Deer
The cost of childcare and housing in Red Deer are more expensive than in Reykjavik. Expenses including clothing, transportation, restaurants, entertainment and sports, and groceries are lower in Red Deer.
Red Deer vs. Reykjavik Cost Breakdown
If you lived in Red Deer instead of Reykjavik, you would:
pay 44.9% less for restaurants
|
Reykjavik
|
Red Deer
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$27.48
ISK3,473
|
$17.22
CA$23.73
|
|
|
Fast food combo meal
McDonalds, or similar
|
$22.76
ISK2,877
|
$9.69
CA$13.35
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$3.34
ISK422
|
$1.68
CA$2.32
|
|
| Bottle of water (11 fl. oz) |
$2.70
ISK341
|
$1.75
CA$2.41
|
|
Reykjavik vs. Red Deer - Cost of restaurants
pay 28.0% less for groceries
|
Reykjavik
|
Red Deer
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$4.63
ISK586
|
$2.56
CA$3.53
|
|
| Local cheese (8 oz) |
$9.44
ISK1,193
|
$5.19
CA$7.15
|
|
| Milk (1 gallon) |
$7.63
ISK964
|
$6.34
CA$8.73
|
|
|
Eggs
1 dozen
|
$6.50
ISK822
|
$3.17
CA$4.37
|
|
| Boneless chicken breast (1 lb) |
$11.29
ISK1,427
|
$5.43
CA$7.48
|
|
| Apples (1 lb) |
$1.59
ISK201
|
$2.03
CA$2.80
|
|
| Bananas (1 lb) |
$1.17
ISK148
|
$0.61
CA$0.84
|
|
| Oranges (1 lb) |
$1.49
ISK188
|
$1.71
CA$2.35
|
|
| Tomatoes (1 lb) |
$2.54
ISK321
|
$1.56
CA$2.15
|
|
| Potatoes (1 lb) |
$1.70
ISK214
|
$1.09
CA$1.50
|
|
| Onions (1 lb) |
$1.13
ISK143
|
$0.92
CA$1.27
|
|
Reykjavik vs. Red Deer - Cost of groceries
pay 51.4% less for transportation
|
Reykjavik
|
Red Deer
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$9.66
ISK1,221
|
$3.72
CA$5.12
|
|
| Monthly public transit pass |
$88.58
ISK11,197
|
$52.92
CA$72.92
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$50,771.00
ISK6,417,454
|
$24,382.26
CA$33,597.54
|
|
| Taxi trip in downtown area (5 miles) |
$28.07
ISK3,548
|
$13.60
CA$18.74
|
|
Reykjavik vs. Red Deer - Cost of transportation
pay 1.9% more for housing
|
Reykjavik
|
Red Deer
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$81.97
ISK10,361
|
$63.09
CA$86.93
|
|
| 1-Bedroom apartment in downtown area |
$2,259.48
ISK285,599
|
$1,060.84
CA$1,461.78
|
|
| 1-Bedroom apartment outside city center |
$2,034.90
ISK257,212
|
$973.53
CA$1,341.48
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$60.87
ISK7,694
|
$143.49
CA$197.72
|
|
Reykjavik vs. Red Deer - Cost of housing
pay 16.0% more for childcare
|
Reykjavik
|
Red Deer
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$327.78
ISK41,431
|
$665.47
CA$916.98
|
|
| Middle school for 1 child, two semesters |
$30,711.08
ISK3,881,881
|
$8,898.11
CA$12,261.15
|
|
Reykjavik vs. Red Deer - Cost of childcare
pay 38.4% less for entertainment and sports
|
Reykjavik
|
Red Deer
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$13.12
ISK1,659
|
$5.02
CA$6.92
|
|
| Cappuccino in mid-range area |
$6.17
ISK780
|
$3.68
CA$5.07
|
|
|
Pack of cigarettes
Marlboro or similar
|
$13.94
ISK1,761
|
$14.35
CA$19.78
|
|
| Monthly membership at local gym |
$87.35
ISK11,041
|
$38.84
CA$53.52
|
|
| Movie ticket to theater/cinema |
$17.18
ISK2,172
|
$10.76
CA$14.83
|
|
Reykjavik vs. Red Deer - Cost of entertainment and sports
pay 58.4% less for clothing
|
Reykjavik
|
Red Deer
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$145.10
ISK18,340
|
$49.96
CA$68.84
|
|
|
Regular dress
from H&M or similar store
|
$63.97
ISK8,086
|
$34.08
CA$46.96
|
|
|
Running shoes
Nike or Adidas
|
$193.43
ISK24,449
|
$73.91
CA$101.85
|
|
| Men's business shoes (leather) |
$248.79
ISK31,447
|
$100.50
CA$138.49
|
|
Reykjavik vs. Red Deer - Cost of clothing
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
Change currency:
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
ASK THE ELSEWHERE COMMUNITY
Join the Elsewhere community and ask a question about Red Deer or Reykjavik. It's a free, question-and-answer based forum to discuss what life is like in countries and cities around the world.