Cost of living comparison

Canada

compared to

Iceland

Reykjavik vs. Winnipeg Cost of Living Summary

Reykjavik is 81.4% more expensive than Winnipeg.

Restaurants: pay 2.2 times more in Reykjavik
Groceries: pay 52.6% more in Reykjavik
Transportation: pay 63.1% more in Reykjavik
Housing: pay 91.2% more in Reykjavik
Childcare: pay 31.0% more in Reykjavik
Entertainment and Sports: pay 96.4% more in Reykjavik
Clothing: pay 2.5 times more in Reykjavik

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

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Reykjavik vs. Winnipeg Cost Breakdown

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

Display currency: USD

pay 2.2 times more for restaurants

	Winnipeg	Reykjavik
Basic meal with drink at inexpensive restaurant	$14.03 CA$19.80	$31.06 ISK3,813	+121.4%
Fast food combo meal McDonalds, or similar	$10.52 CA$14.85	$26.97 ISK3,312	+156.3%
Bottle of Coca-Cola (11 fl. oz)	$2.20 CA$3.11	$3.31 ISK407	+50.6%
Bottle of water (11 fl. oz)	$1.82 CA$2.57	$3.11 ISK381	+70.5%
Average			+118.5%

Winnipeg vs. Reykjavik - Cost of restaurants

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pay 52.6% more for groceries

	Winnipeg	Reykjavik
Bread 1 loaf	$2.21 CA$3.12	$4.19 ISK515	+89.9%
Local cheese (8 oz)	$4.77 CA$6.73	$10.93 ISK1,342	+129.1%
Milk (1 gallon)	$5.34 CA$7.53	$7.78 ISK955	+45.7%
Eggs 1 dozen	$3.54 CA$4.99	$7.08 ISK869	+100.2%
Boneless chicken breast (1 lb)	$4.76 CA$6.71	$11.00 ISK1,351	+131.4%
Apples (1 lb)	$1.76 CA$2.49	$1.50 ISK185	-14.7%
Bananas (1 lb)	$0.62 CA$0.87	$1.27 ISK156	+105.8%
Oranges (1 lb)	$1.55 CA$2.19	$1.46 ISK179	-6.1%
Tomatoes (1 lb)	$1.48 CA$2.09	$2.93 ISK360	+98.3%
Potatoes (1 lb)	$1.05 CA$1.48	$1.78 ISK218	+69.3%
Onions (1 lb)	$1.18 CA$1.67	$0.76 ISK93	-35.9%
Average			+52.6%

Winnipeg vs. Reykjavik - Cost of groceries

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pay 63.1% more for transportation

	Winnipeg	Reykjavik
Gasoline (1 gallon)	$4.39 CA$6.20	$7.76 ISK953	+76.9%
Monthly public transit pass	$83.46 CA$117.82	$94.80 ISK11,641	+13.6%
New Volkswagen Golf 1.4 (standard edition)	$27,760.48 CA$39,188.08	$50,588.43 ISK6M	+82.2%
Taxi trip in downtown area (5 miles)	$13.43 CA$18.96	$29.26 ISK3,593	+117.8%
Average			+63.1%

Winnipeg vs. Reykjavik - Cost of transportation

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pay 91.2% more for housing

	Winnipeg	Reykjavik
Internet connection 50 mbps or faster, cable/dsl	$48.80 CA$68.89	$86.01 ISK10,561	+76.2%
1-Bedroom apartment in downtown area	$939.10 CA$1,325.68	$2,522.88 ISK310K	+168.6%
1-Bedroom apartment outside city center	$955.10 CA$1,348.27	$2,032.25 ISK250K	+112.8%
Utilities for two (700 sq ft apartment) including electric, gas, water, heating	$123.22 CA$173.94	$73.44 ISK9,018	-40.4%
Average			+91.2%

Winnipeg vs. Reykjavik - Cost of housing

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pay 31.0% more for childcare

	Winnipeg	Reykjavik
Private preschool for 1 child, monthly	$975.07 CA$1,376.46	$1,185.23 ISK146K	+21.6%
Middle school for 1 child, two semesters	$18,318.78 CA$25,859.71	$25,853.51 ISK3M	+41.1%
Average			+31.0%

Winnipeg vs. Reykjavik - Cost of childcare

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pay 96.4% more for entertainment and sports

	Winnipeg	Reykjavik
Domestic/local beer (1 pint)	$5.61 CA$7.92	$13.89 ISK1,706	+147.6%
Cappuccino in mid-range area	$3.59 CA$5.07	$6.74 ISK828	+87.8%
Pack of cigarettes Marlboro or similar	$14.59 CA$20.59	$13.89 ISK1,706	-4.8%
Monthly membership at local gym	$40.68 CA$57.42	$100.25 ISK12,310	+146.4%
Movie ticket to theater/cinema	$10.87 CA$15.35	$19.57 ISK2,403	+80.0%
Average			+96.4%

Winnipeg vs. Reykjavik - Cost of entertainment and sports

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pay 2.5 times more for clothing

	Winnipeg	Reykjavik
Regular jeans Levi's brand	$42.84 CA$60.48	$149.01 ISK18,297	+247.8%
Regular dress from H&M or similar store	$41.43 CA$58.49	$65.79 ISK8,078	+58.8%
Running shoes Nike or Adidas	$68.38 CA$96.53	$181.84 ISK22,328	+165.9%
Men's business shoes (leather)	$88.84 CA$125.41	$248.81 ISK30,551	+180.1%
Average			+153.2%

Winnipeg 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 November 2026). How we calculate this

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