Cost of living comparison

Canada

compared to

Iceland

Iceland vs. Winnipeg Cost of Living Summary

Iceland is 68.4% more expensive than Winnipeg.

Restaurants: pay 98.4% more in Iceland
Groceries: pay 45.3% more in Iceland
Transportation: pay 55.6% more in Iceland
Housing: pay 78.3% more in Iceland
Childcare: pay 13.8% more in Iceland
Entertainment and Sports: pay 71.7% more in Iceland
Clothing: pay 2.3 times more in Iceland

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

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Iceland vs. Winnipeg Cost Breakdown

If you lived in Iceland instead of Winnipeg, you would:

Display currency: USD

pay 98.4% more for restaurants

	Winnipeg	Iceland
Basic meal with drink at inexpensive restaurant	$14.03 CA$19.80	$28.88 ISK3,546	+105.9%
Fast food combo meal McDonalds, or similar	$10.52 CA$14.85	$22.83 ISK2,804	+117.0%
Bottle of Coca-Cola (11 fl. oz)	$2.20 CA$3.11	$3.25 ISK399	+47.5%
Bottle of water (11 fl. oz)	$1.82 CA$2.57	$3.01 ISK370	+65.2%
Average			+98.4%

Winnipeg vs. Iceland - Cost of restaurants

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pay 45.3% more for groceries

	Winnipeg	Iceland
Bread 1 loaf	$2.21 CA$3.12	$3.55 ISK436	+61.0%
Local cheese (8 oz)	$4.77 CA$6.73	$10.11 ISK1,242	+112.0%
Milk (1 gallon)	$5.34 CA$7.53	$7.79 ISK957	+46.0%
Eggs 1 dozen	$3.54 CA$4.99	$6.92 ISK850	+95.8%
Boneless chicken breast (1 lb)	$4.76 CA$6.71	$11.01 ISK1,352	+131.6%
Apples (1 lb)	$1.76 CA$2.49	$1.43 ISK175	-19.2%
Bananas (1 lb)	$0.62 CA$0.87	$1.23 ISK150	+98.8%
Oranges (1 lb)	$1.55 CA$2.19	$1.42 ISK174	-8.8%
Tomatoes (1 lb)	$1.48 CA$2.09	$2.60 ISK320	+76.0%
Potatoes (1 lb)	$1.05 CA$1.48	$1.71 ISK210	+63.0%
Onions (1 lb)	$1.18 CA$1.67	$0.76 ISK93	-35.9%
Average			+45.3%

Winnipeg vs. Iceland - Cost of groceries

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pay 55.6% more for transportation

	Winnipeg	Iceland
Gasoline (1 gallon)	$4.39 CA$6.20	$8.09 ISK993	+84.2%
Monthly public transit pass	$83.46 CA$117.82	$80.58 ISK9,895	-3.5%
New Volkswagen Golf 1.4 (standard edition)	$27,760.48 CA$39,188.08	$48,967.53 ISK6M	+76.4%
Taxi trip in downtown area (5 miles)	$13.43 CA$18.96	$26.24 ISK3,222	+95.3%
Average			+55.6%

Winnipeg vs. Iceland - Cost of transportation

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pay 78.3% more for housing

	Winnipeg	Iceland
Internet connection 50 mbps or faster, cable/dsl	$48.80 CA$68.89	$98.24 ISK12,063	+101.3%
1-Bedroom apartment in downtown area	$939.10 CA$1,325.68	$2,335.24 ISK287K	+148.7%
1-Bedroom apartment outside city center	$955.10 CA$1,348.27	$1,824.40 ISK224K	+91.0%
Utilities for two (700 sq ft apartment) including electric, gas, water, heating	$123.22 CA$173.94	$72.34 ISK8,882	-41.3%
Average			+78.3%

Winnipeg vs. Iceland - Cost of housing

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pay 13.8% more for childcare

	Winnipeg	Iceland
Private preschool for 1 child, monthly	$975.07 CA$1,376.46	$833.66 ISK102K	-14.5%
Middle school for 1 child, two semesters	$18,318.78 CA$25,859.71	$27,752.37 ISK3M	+51.5%
Average			+13.8%

Winnipeg vs. Iceland - Cost of childcare

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pay 71.7% more for entertainment and sports

	Winnipeg	Iceland
Domestic/local beer (1 pint)	$5.61 CA$7.92	$11.37 ISK1,397	+102.7%
Cappuccino in mid-range area	$3.59 CA$5.07	$5.90 ISK724	+64.2%
Pack of cigarettes Marlboro or similar	$14.59 CA$20.59	$13.85 ISK1,701	-5.0%
Monthly membership at local gym	$40.68 CA$57.42	$83.64 ISK10,271	+105.6%
Movie ticket to theater/cinema	$10.87 CA$15.35	$17.92 ISK2,200	+64.8%
Average			+71.7%

Winnipeg vs. Iceland - Cost of entertainment and sports

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pay 2.3 times more for clothing

	Winnipeg	Iceland
Regular jeans Levi's brand	$42.84 CA$60.48	$134.47 ISK16,511	+213.9%
Regular dress from H&M or similar store	$41.43 CA$58.49	$63.25 ISK7,766	+52.7%
Running shoes Nike or Adidas	$68.38 CA$96.53	$159.03 ISK19,527	+132.5%
Men's business shoes (leather)	$88.84 CA$125.41	$237.19 ISK29,124	+167.0%
Average			+133.5%

Winnipeg vs. Iceland - 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 November 2026). How we calculate this

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