Cost of Living Comparison Between Canada and Iceland Reverse

For major cities in those countries you get more relevant data by specifying cities.
City in Canada:
City in Iceland:
Indices DifferenceInfo
Cost of Living in Iceland is 47.6% higher than in Canada (without rent)
Cost of Living Including Rent in Iceland is 48.3% higher than in Canada
Rent Prices in Iceland are 50.0% higher than in Canada
Restaurant Prices in Iceland are 60.2% higher than in Canada
Groceries Prices in Iceland are 44.6% higher than in Canada
Local Purchasing Power in Iceland is 1.6% higher than in Canada
Currency: Sticky Currency      Switch to metric measurement units
Restaurants
 Canada Edit Iceland Edit Difference
Meal, Inexpensive Restaurant 25.00 C$
(2,336.82 kr)		 32.09 C$
(3,000.00 kr)		      +28.4 %
Meal for 2 People, Mid-range Restaurant, Three-course 100.00 C$
(9,347.28 kr)		 181.87 C$
(17,000.00 kr)		      +81.9 %
McMeal at McDonalds (or Equivalent Combo Meal) 15.00 C$
(1,402.09 kr)		 26.75 C$
(2,500.00 kr)		      +78.3 %
Domestic Beer (1 pint draught) 8.00 C$
(747.78 kr)		 16.05 C$
(1,500.00 kr)		      +100.6 %
Imported Beer (12 oz small bottle) 8.00 C$
(747.78 kr)		 13.37 C$
(1,250.00 kr)		      +67.2 %
Cappuccino (regular) 5.20 C$
(485.76 kr)		 7.99 C$
(747.21 kr)		      +53.8 %
Coke/Pepsi (12 oz small bottle) 2.90 C$
(271.00 kr)		 4.44 C$
(415.07 kr)		      +53.2 %
Water (12 oz small bottle) 2.34 C$
(218.87 kr)		 3.50 C$
(326.90 kr)		      +49.4 %
Markets
 Canada Edit Iceland Edit
Milk (regular), (1 gallon) 11.64 C$
(1,088.03 kr)		 9.38 C$
(876.70 kr)		      -19.4 %
Loaf of Fresh White Bread (1 lb) 3.35 C$
(313.43 kr)		 4.94 C$
(461.85 kr)		      +47.4 %
Rice (white), (1 lb) 2.29 C$
(213.96 kr)		 2.11 C$
(197.27 kr)		      -7.8 %
Eggs (regular) (12) 4.83 C$
(451.56 kr)		 8.63 C$
(806.59 kr)		      +78.6 %
Local Cheese (1 lb) 7.06 C$
(660.02 kr)		 10.87 C$
(1,016.48 kr)		      +54.0 %
Chicken Fillets (1 lb) 7.61 C$
(711.24 kr)		 14.21 C$
(1,328.49 kr)		      +86.8 %
Beef Round (1 lb) (or Equivalent Back Leg Red Meat) 9.27 C$
(866.48 kr)		 25.49 C$
(2,382.84 kr)		      +175.0 %
Apples (1 lb) 2.61 C$
(244.32 kr)		 1.86 C$
(174.20 kr)		      -28.7 %
Banana (1 lb) 0.90 C$
(84.31 kr)		 1.50 C$
(139.94 kr)		      +66.0 %
Oranges (1 lb) 2.40 C$
(223.87 kr)		 1.76 C$
(164.96 kr)		      -26.3 %
Tomato (1 lb) 2.61 C$
(243.58 kr)		 3.15 C$
(294.68 kr)		      +21.0 %
Potato (1 lb) 1.66 C$
(154.95 kr)		 2.20 C$
(205.46 kr)		      +32.6 %
Onion (1 lb) 1.67 C$
(155.69 kr)		 1.35 C$
(126.57 kr)		      -18.7 %
Lettuce (1 head) 3.53 C$
(329.65 kr)		 4.54 C$
(424.75 kr)		      +28.8 %
Water (1.5 liter bottle) 2.49 C$
(232.55 kr)		 3.14 C$
(293.43 kr)		      +26.2 %
Bottle of Wine (Mid-Range) 18.00 C$
(1,682.51 kr)		 32.09 C$
(3,000.00 kr)		      +78.3 %
Domestic Beer (0.5 liter bottle) 4.10 C$
(382.97 kr)		 4.92 C$
(459.45 kr)		      +20.0 %
Imported Beer (12 oz small bottle) 4.57 C$
(427.05 kr)		 4.10 C$
(383.18 kr)		      -10.3 %
Cigarettes 20 Pack (Marlboro) 20.00 C$
(1,869.46 kr)		 18.45 C$
(1,725.00 kr)		      -7.7 %
Transportation
 Canada Edit Iceland Edit
One-way Ticket (Local Transport) 3.50 C$
(327.15 kr)		 6.85 C$
(640.00 kr)		      +95.6 %
Monthly Pass (Regular Price) 105.00 C$
(9,814.64 kr)		 111.26 C$
(10,400.00 kr)		      +6.0 %
Taxi Start (Normal Tariff) 4.50 C$
(420.63 kr)		 8.45 C$
(790.00 kr)		      +87.8 %
Taxi 1 mile (Normal Tariff) 3.51 C$
(327.94 kr)		 5.58 C$
(521.43 kr)		      +59.0 %
Taxi 1hour Waiting (Normal Tariff) 38.93 C$
(3,638.89 kr)		 113.62 C$
(10,620.00 kr)		      +191.8 %
Gasoline (1 gallon) 6.08 C$
(567.92 kr)		 12.65 C$
(1,182.00 kr)		      +108.1 %
Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) 33,978.00 C$
(3,176,017.22 kr)		 63,013.01 C$
(5,890,000.00 kr)		      +85.5 %
Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) 28,019.93 C$
(2,619,100.08 kr)		 71,322.03 C$
(6,666,666.67 kr)		      +154.5 %
Utilities (Monthly)
 Canada Edit Iceland Edit
Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment 205.63 C$
(19,221.02 kr)		 116.88 C$
(10,924.64 kr)		      -43.2 %
Mobile Phone Monthly Plan with Calls and 10GB+ Data 62.71 C$
(5,861.58 kr)		 36.67 C$
(3,427.78 kr)		      -41.5 %
Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) 85.01 C$
(7,946.29 kr)		 109.91 C$
(10,273.53 kr)		      +29.3 %
Sports And Leisure
 Canada Edit Iceland Edit
Fitness Club, Monthly Fee for 1 Adult 58.67 C$
(5,483.60 kr)		 107.01 C$
(10,002.92 kr)		      +82.4 %
Tennis Court Rent (1 Hour on Weekend) 23.92 C$
(2,235.89 kr)		 56.40 C$
(5,271.43 kr)		      +135.8 %
Cinema, International Release, 1 Seat 15.00 C$
(1,402.09 kr)		 23.43 C$
(2,190.00 kr)		      +56.2 %
Childcare
 Canada Edit Iceland Edit
Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child 1,112.56 C$
(103,993.69 kr)		 454.41 C$
(42,475.25 kr)		      -59.2 %
International Primary School, Yearly for 1 Child 16,572.94 C$
(1,549,118.61 kr)		 40,057.61 C$
(3,744,295.00 kr)		      +141.7 %
Clothing And Shoes
 Canada Edit Iceland Edit
1 Pair of Jeans (Levis 501 Or Similar) 76.95 C$
(7,192.54 kr)		 190.20 C$
(17,778.42 kr)		      +147.2 %
1 Summer Dress in a Chain Store (Zara, H&M, ...) 56.38 C$
(5,269.99 kr)		 83.78 C$
(7,831.11 kr)		      +48.6 %
1 Pair of Nike Running Shoes (Mid-Range) 121.32 C$
(11,340.44 kr)		 235.82 C$
(22,042.86 kr)		      +94.4 %
1 Pair of Men Leather Business Shoes 146.78 C$
(13,719.73 kr)		 334.15 C$
(31,233.82 kr)		      +127.7 %
Rent Per Month
 Canada Edit Iceland Edit
Apartment (1 bedroom) in City Centre 1,836.20 C$
(171,634.80 kr)		 2,966.55 C$
(277,291.67 kr)		      +61.6 %
Apartment (1 bedroom) Outside of Centre 1,642.87 C$
(153,563.78 kr)		 2,667.20 C$
(249,310.34 kr)		      +62.3 %
Apartment (3 bedrooms) in City Centre 2,948.36 C$
(275,591.08 kr)		 4,214.72 C$
(393,961.54 kr)		      +43.0 %
Apartment (3 bedrooms) Outside of Centre 2,546.58 C$
(238,035.62 kr)		 3,616.82 C$
(338,074.07 kr)		      +42.0 %
Buy Apartment Price
 Canada Edit Iceland Edit
Price per Square Feet to Buy Apartment in City Centre 858.70 C$
(80,264.77 kr)		 915.96 C$
(85,617.11 kr)		      +6.7 %
Price per Square Feet to Buy Apartment Outside of Centre 604.75 C$
(56,528.08 kr)		 775.89 C$
(72,524.16 kr)		      +28.3 %
Salaries And Financing
 Canada Edit Iceland Edit
Average Monthly Net Salary (After Tax) 3,911.34 C$
(365,603.33 kr)		 5,897.09 C$
(551,217.11 kr)		      +50.8 %
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 6.62 9.72      +46.7 %
Last update: March 2025March 2025
Contributors in the past 12 months:3618140
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