Cost of living comparison
Iceland is 7.4% more expensive than Toronto.
If you lived in Iceland instead of Toronto, you would:
pay 25.5% more for restaurants
Toronto
|
Iceland
|
||
---|---|---|---|
Basic meal with drink at inexpensive restaurant |
$17.05
CA$23.32
|
$17.84
ISK2,489
|
|
Fast food combo meal
McDonalds, or similar
|
$9.59
CA$13.11
|
$14.27
ISK1,991
|
|
Bottle of Coca-Cola (11 fl. oz) |
$2.00
CA$2.73
|
$2.32
ISK323
|
|
Bottle of water (11 fl. oz) |
$1.60
CA$2.19
|
$2.12
ISK296
|
|
pay 3.7% more for groceries
Toronto
|
Iceland
|
||
---|---|---|---|
Bread
1 loaf
|
$2.55
CA$3.49
|
$3.42
ISK478
|
|
Local cheese (8 oz) |
$5.75
CA$7.86
|
$5.98
ISK835
|
|
Milk (1 gallon) |
$10.26
CA$14.04
|
$5.33
ISK743
|
|
Eggs
1 dozen
|
$3.25
CA$4.44
|
$5.66
ISK790
|
|
Boneless chicken breast (1 lb) |
$5.37
CA$7.35
|
$7.09
ISK990
|
|
Apples (1 lb) |
$1.66
CA$2.27
|
$1.16
ISK162
|
|
Bananas (1 lb) |
$0.58
CA$0.79
|
$0.98
ISK137
|
|
Oranges (1 lb) |
$1.57
CA$2.15
|
$1.17
ISK163
|
|
Tomatoes (1 lb) |
$1.71
CA$2.34
|
$1.84
ISK256
|
|
Potatoes (1 lb) |
$1.20
CA$1.64
|
$0.96
ISK134
|
|
Onions (1 lb) |
$1.23
CA$1.68
|
$0.51
ISK71
|
|
pay 40.6% more for transportation
Toronto
|
Iceland
|
||
---|---|---|---|
Gasoline (1 gallon) |
$4.49
CA$6.14
|
$8.03
ISK1,121
|
|
Monthly public transit pass |
$115.05
CA$157.37
|
$77.40
ISK10,800
|
|
New Volkswagen Golf 1.4 (standard edition) |
$21,387.22
CA$29,254.51
|
$29,836.83
ISK4,163,431
|
|
Taxi trip in downtown area (5 miles) |
$13.58
CA$18.57
|
$23.97
ISK3,344
|
|
pay 16.8% less for housing
Toronto
|
Iceland
|
||
---|---|---|---|
Internet connection
50 mbps or faster, cable/dsl
|
$56.44
CA$77.20
|
$62.40
ISK8,708
|
|
1-Bedroom apartment in downtown area |
$1,805.31
CA$2,469.40
|
$1,437.14
ISK200,539
|
|
1-Bedroom apartment outside city center |
$1,537.93
CA$2,103.66
|
$1,215.63
ISK169,628
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$107.54
CA$147.09
|
$68.63
ISK9,577
|
|
pay 81.1% less for childcare
Toronto
|
Iceland
|
||
---|---|---|---|
Private preschool for 1 child, monthly |
$1,120.86
CA$1,533.16
|
$259.34
ISK36,189
|
|
Middle school for 1 child, two semesters |
$18,675.89
CA$25,545.81
|
$2,750.10
ISK383,749
|
|
pay 13.0% more for entertainment and sports
Toronto
|
Iceland
|
||
---|---|---|---|
Domestic/local beer (1 pint) |
$5.90
CA$8.07
|
$8.52
ISK1,189
|
|
Cappuccino in mid-range area |
$3.73
CA$5.10
|
$4.15
ISK579
|
|
Pack of cigarettes
Marlboro or similar
|
$12.87
CA$17.60
|
$10.64
ISK1,484
|
|
Monthly membership at local gym |
$47.70
CA$65.25
|
$56.90
ISK7,940
|
|
Movie ticket to theater/cinema |
$11.43
CA$15.64
|
$12.27
ISK1,713
|
|
pay 67.2% more for clothing
Toronto
|
Iceland
|
||
---|---|---|---|
Regular jeans
Levi's brand
|
$58.32
CA$79.78
|
$118.08
ISK16,476
|
|
Regular dress
from H&M or similar store
|
$37.25
CA$50.95
|
$50.39
ISK7,031
|
|
Running shoes
Nike or Adidas
|
$90.77
CA$124.16
|
$151.12
ISK21,087
|
|
Men's business shoes (leather) |
$106.66
CA$145.89
|
$175.20
ISK24,447
|
|
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