Cost of living comparison

Canada

compared to

Iceland

Reykjavik vs. Richmond Hill Cost of Living Summary

Reykjavik is 54.2% more expensive than Richmond Hill.

Restaurants: pay 2.1 times more in Reykjavik
Groceries: pay 40.5% more in Reykjavik
Transportation: pay 53.5% more in Reykjavik
Housing: pay 19.1% more in Reykjavik
Childcare: pay 2.9 times more in Reykjavik
Entertainment and Sports: pay 95.0% more in Reykjavik
Clothing: pay 2.3 times more in Reykjavik

The cost of childcare, clothing, restaurants, entertainment and sports, transportation, and groceries in Reykjavik are more expensive than in Richmond Hill. Notably, childcare, clothing, and restaurants are significantly more expensive in Reykjavik.

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Reykjavik vs. Richmond Hill Cost Breakdown

If you lived in Reykjavik instead of Richmond Hill, you would:

Display currency: USD

pay 2.1 times more for restaurants

	Richmond Hill	Reykjavik
Basic meal with drink at inexpensive restaurant	$17.53 CA$24.55	$31.06 ISK3,782	+77.1%
Fast food combo meal McDonalds, or similar	$10.52 CA$14.73	$26.97 ISK3,284	+156.3%
Bottle of Coca-Cola (11 fl. oz)	$1.72 CA$2.41	$3.31 ISK404	+92.2%
Bottle of water (11 fl. oz)	$1.32 CA$1.84	$3.11 ISK378	+136.0%
Average			+109.2%

Richmond Hill vs. Reykjavik - Cost of restaurants

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pay 40.5% more for groceries

	Richmond Hill	Reykjavik
Bread 1 loaf	$2.63 CA$3.68	$4.19 ISK511	+59.4%
Local cheese (8 oz)	$5.36 CA$7.51	$10.93 ISK1,331	+103.9%
Milk (1 gallon)	$10.25 CA$14.36	$7.78 ISK947	-24.2%
Eggs 1 dozen	$4.38 CA$6.13	$7.08 ISK862	+61.7%
Boneless chicken breast (1 lb)	$5.04 CA$7.05	$11.00 ISK1,340	+118.5%
Apples (1 lb)	$1.66 CA$2.33	$1.50 ISK183	-9.5%
Bananas (1 lb)	$0.59 CA$0.82	$1.27 ISK154	+115.9%
Oranges (1 lb)	$1.52 CA$2.12	$1.46 ISK178	-3.7%
Tomatoes (1 lb)	$1.84 CA$2.57	$2.93 ISK357	+59.7%
Potatoes (1 lb)	$0.92 CA$1.28	$1.78 ISK216	+93.5%
Onions (1 lb)	$0.91 CA$1.27	$0.76 ISK92	-16.7%
Average			+40.5%

Richmond Hill vs. Reykjavik - Cost of groceries

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pay 53.5% more for transportation

	Richmond Hill	Reykjavik
Gasoline (1 gallon)	$4.52 CA$6.33	$7.76 ISK946	+71.8%
Monthly public transit pass	$108.01 CA$151.24	$94.80 ISK11,545	-12.2%
New Volkswagen Golf 1.4 (standard edition)	$27,760.48 CA$38,871.61	$50,588.43 ISK6M	+82.2%
Taxi trip in downtown area (5 miles)	$11.70 CA$16.38	$29.26 ISK3,563	+150.1%
Average			+53.5%

Richmond Hill vs. Reykjavik - Cost of transportation

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pay 19.1% more for housing

	Richmond Hill	Reykjavik
Internet connection 50 mbps or faster, cable/dsl	$45.49 CA$63.70	$86.01 ISK10,474	+89.1%
1-Bedroom apartment in downtown area	$1,776.82 CA$2,487.99	$2,522.88 ISK307K	+42.0%
1-Bedroom apartment outside city center	$1,753.44 CA$2,455.26	$2,032.25 ISK247K	+15.9%
Utilities for two (700 sq ft apartment) including electric, gas, water, heating	$106.92 CA$149.71	$73.44 ISK8,943	-31.3%
Average			+19.1%

Richmond Hill vs. Reykjavik - Cost of housing

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pay 2.9 times more for childcare

	Richmond Hill	Reykjavik
Private preschool for 1 child, monthly	$346.92 CA$485.77	$1,185.23 ISK144K	+241.6%
Middle school for 1 child, two semesters	$10,520.65 CA$14,731.53	$25,853.51 ISK3M	+145.7%
Average			+189.8%

Richmond Hill vs. Reykjavik - Cost of childcare

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pay 95.0% more for entertainment and sports

	Richmond Hill	Reykjavik
Domestic/local beer (1 pint)	$5.61 CA$7.86	$13.89 ISK1,692	+147.6%
Cappuccino in mid-range area	$3.60 CA$5.05	$6.74 ISK821	+87.1%
Pack of cigarettes Marlboro or similar	$13.32 CA$18.65	$13.89 ISK1,692	+4.3%
Monthly membership at local gym	$44.71 CA$62.61	$100.25 ISK12,209	+124.2%
Movie ticket to theater/cinema	$10.52 CA$14.73	$19.57 ISK2,384	+86.0%
Average			+95.0%

Richmond Hill vs. Reykjavik - Cost of entertainment and sports

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pay 2.3 times more for clothing

	Richmond Hill	Reykjavik
Regular jeans Levi's brand	$43.12 CA$60.38	$149.01 ISK18,147	+245.6%
Regular dress from H&M or similar store	$37.37 CA$52.33	$65.79 ISK8,012	+76.0%
Running shoes Nike or Adidas	$92.90 CA$130.08	$181.84 ISK22,145	+95.7%
Men's business shoes (leather)	$101.98 CA$142.79	$248.81 ISK30,300	+144.0%
Average			+132.2%

Richmond Hill vs. Reykjavik - Cost of clothing

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We average the price of thousands of data points entered by users across the world. Sources: MyLifeElsewhere's cost-of-living dataset (prices updated October 2026). How we calculate this

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