Cost of living comparison

compared to

Reykjavik vs. Thunder Bay Cost of Living Summary

Reykjavik is 55.9% more expensive than Thunder Bay.

Restaurants: pay 72.4% more in Reykjavik
Groceries: pay 38.8% more in Reykjavik
Transportation: pay 82.3% more in Reykjavik
Housing: pay 37.4% more in Reykjavik
Childcare: pay 54.4% less in Reykjavik
Entertainment and Sports: pay 96.7% more in Reykjavik
Clothing: pay 2.2 times more in Reykjavik

The cost of clothing, entertainment and sports, transportation, restaurants, groceries, and housing in Reykjavik are more expensive than in Thunder Bay. Notably, clothing, entertainment and sports, and transportation are significantly more expensive in Reykjavik.

Reykjavik vs. Thunder Bay Cost Breakdown

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

Display currency: USD

pay 72.4% more for restaurants

	Thunder Bay	Reykjavik
Basic meal with drink at inexpensive restaurant	$17.99 CA$24.78	$27.48 ISK3,473	+52.8%
Fast food combo meal McDonalds, or similar	$12.59 CA$17.35	$22.76 ISK2,877	+80.8%
Bottle of Coca-Cola (11 fl. oz)	$1.94 CA$2.67	$3.34 ISK422	+71.8%
Bottle of water (11 fl. oz)	$1.46 CA$2.02	$2.70 ISK341	+84.1%
Average			+72.4%

Thunder Bay vs. Reykjavik - Cost of restaurants

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pay 38.8% more for groceries

	Thunder Bay	Reykjavik
Bread 1 loaf	$2.43 CA$3.35	$4.63 ISK586	+90.9%
Local cheese (8 oz)	$8.50 CA$11.71	$9.44 ISK1,193	+11.0%
Milk (1 gallon)	$9.17 CA$12.64	$7.63 ISK964	-16.8%
Eggs 1 dozen	$3.56 CA$4.90	$6.50 ISK822	+82.8%
Boneless chicken breast (1 lb)	$7.35 CA$10.13	$11.29 ISK1,427	+53.7%
Apples (1 lb)	$1.56 CA$2.15	$1.59 ISK201	+2.1%
Bananas (1 lb)	$0.57 CA$0.79	$1.17 ISK148	+103.6%
Oranges (1 lb)	$1.78 CA$2.46	$1.49 ISK188	-16.5%
Tomatoes (1 lb)	$1.64 CA$2.25	$2.54 ISK321	+55.0%
Potatoes (1 lb)	$1.17 CA$1.62	$1.70 ISK214	+44.4%
Onions (1 lb)	$0.97 CA$1.34	$1.13 ISK143	+16.5%
Average			+38.8%

Thunder Bay vs. Reykjavik - Cost of groceries

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pay 82.3% more for transportation

	Thunder Bay	Reykjavik
Gasoline (1 gallon)	$4.03 CA$5.56	$9.66 ISK1,221	+139.4%
Monthly public transit pass	$62.59 CA$86.25	$88.58 ISK11,197	+41.5%
New Volkswagen Golf 1.4 (standard edition)	$24,444.83 CA$33,683.76	$50,771.00 ISK6,417,454	+107.7%
Taxi trip in downtown area (5 miles)	$19.93 CA$27.46	$28.07 ISK3,548	+40.8%
Average			+82.3%

Thunder Bay vs. Reykjavik - Cost of transportation

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pay 37.4% more for housing

	Thunder Bay	Reykjavik
Internet connection 50 mbps or faster, cable/dsl	$96.76 CA$133.34	$81.97 ISK10,361	-15.3%
1-Bedroom apartment in downtown area	$1,007.20 CA$1,387.88	$2,259.48 ISK285,599	+124.3%
1-Bedroom apartment outside city center	$1,016.20 CA$1,400.27	$2,034.90 ISK257,212	+100.2%
Utilities for two (700 sq ft apartment) including electric, gas, water, heating	$151.29 CA$208.47	$60.87 ISK7,694	-59.8%
Average			+37.4%

Thunder Bay vs. Reykjavik - Cost of housing

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pay 54.4% less for childcare

	Thunder Bay	Reykjavik
Private preschool for 1 child, monthly	$719.43 CA$991.34	$327.78 ISK41,431	-54.4%
Middle school for 1 child, two semesters	??	$30,711.08 ISK3,881,881
Average			-54.4%

Thunder Bay vs. Reykjavik - Cost of childcare

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pay 96.7% more for entertainment and sports

	Thunder Bay	Reykjavik
Domestic/local beer (1 pint)	$5.22 CA$7.19	$13.12 ISK1,659	+151.6%
Cappuccino in mid-range area	$3.47 CA$4.79	$6.17 ISK780	+77.7%
Pack of cigarettes Marlboro or similar	$10.79 CA$14.87	$13.94 ISK1,761	+29.1%
Monthly membership at local gym	$29.85 CA$41.13	$87.35 ISK11,041	+192.6%
Movie ticket to theater/cinema	$12.95 CA$17.84	$17.18 ISK2,172	+32.7%
Average			+96.7%

Thunder Bay vs. Reykjavik - Cost of entertainment and sports

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pay 2.2 times more for clothing

	Thunder Bay	Reykjavik
Regular jeans Levi's brand	$58.45 CA$80.54	$145.10 ISK18,340	+148.2%
Regular dress from H&M or similar store	$35.55 CA$48.98	$63.97 ISK8,086	+80.0%
Running shoes Nike or Adidas	$74.34 CA$102.44	$193.43 ISK24,449	+160.2%
Men's business shoes (leather)	$135.10 CA$186.16	$248.79 ISK31,447	+84.2%
Average			+118.1%

Thunder Bay vs. Reykjavik - 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: December 2025

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