Cost of Living Comparison Between Iceland and Canada 
| Indices Difference |  |
|---|---|
| Cost of Living in Canada is 33.7% lower than in Iceland (without rent) | |
| Cost of Living Including Rent in Canada is 33.9% lower than in Iceland | |
| Rent Prices in Canada are 34.4% lower than in Iceland | |
| Restaurant Prices in Canada are 40.0% lower than in Iceland | |
| Groceries Prices in Canada are 32.0% lower than in Iceland | |
| Local Purchasing Power in Canada is 2.0% lower than in Iceland | |
Restaurants | Iceland Edit |
Canada Edit | Difference |
|---|---|---|---|
| Meal, Inexpensive Restaurant |
3,000.00 kr (32.66 C$) |
2,296.58 kr (25.00 C$) |
-23.4 % |
| Meal for 2 People, Mid-range Restaurant, Three-course |
18,000.00 kr (195.94 C$) |
9,186.34 kr (100.00 C$) |
-49.0 % |
| McMeal at McDonalds (or Equivalent Combo Meal) |
2,500.00 kr (27.21 C$) |
1,377.95 kr (15.00 C$) |
-44.9 % |
| Domestic Beer (1 pint draught) |
1,500.00 kr (16.33 C$) |
734.91 kr (8.00 C$) |
-51.0 % |
| Imported Beer (12 oz small bottle) |
1,300.00 kr (14.15 C$) |
734.91 kr (8.00 C$) |
-43.5 % |
| Cappuccino (regular) |
749.67 kr (8.16 C$) |
476.86 kr (5.19 C$) |
-36.4 % |
| Coke/Pepsi (12 oz small bottle) |
413.44 kr (4.50 C$) |
265.65 kr (2.89 C$) |
-35.7 % |
| Water (12 oz small bottle) |
330.56 kr (3.60 C$) |
214.42 kr (2.33 C$) |
-35.1 % |
Markets | Iceland Edit |
Canada Edit | |
| Milk (regular), (1 gallon) |
876.70 kr (9.54 C$) |
1,066.70 kr (11.61 C$) |
+21.7 % |
| Loaf of Fresh White Bread (1 lb) |
461.85 kr (5.03 C$) |
308.29 kr (3.36 C$) |
-33.2 % |
| Rice (white), (1 lb) |
197.27 kr (2.15 C$) |
210.85 kr (2.30 C$) |
+6.9 % |
| Eggs (regular) (12) |
806.59 kr (8.78 C$) |
443.86 kr (4.83 C$) |
-45.0 % |
| Local Cheese (1 lb) |
1,016.48 kr (11.07 C$) |
650.27 kr (7.08 C$) |
-36.0 % |
| Chicken Fillets (1 lb) |
1,328.49 kr (14.46 C$) |
699.54 kr (7.61 C$) |
-47.3 % |
| Beef Round (1 lb) (or Equivalent Back Leg Red Meat) |
2,382.84 kr (25.94 C$) |
854.78 kr (9.30 C$) |
-64.1 % |
| Apples (1 lb) |
174.20 kr (1.90 C$) |
239.54 kr (2.61 C$) |
+37.5 % |
| Banana (1 lb) |
139.94 kr (1.52 C$) |
82.58 kr (0.90 C$) |
-41.0 % |
| Oranges (1 lb) |
164.96 kr (1.80 C$) |
220.36 kr (2.40 C$) |
+33.6 % |
| Tomato (1 lb) |
294.68 kr (3.21 C$) |
238.53 kr (2.60 C$) |
-19.1 % |
| Potato (1 lb) |
205.46 kr (2.24 C$) |
153.16 kr (1.67 C$) |
-25.5 % |
| Onion (1 lb) |
126.38 kr (1.38 C$) |
153.26 kr (1.67 C$) |
+21.3 % |
| Lettuce (1 head) |
424.75 kr (4.62 C$) |
324.22 kr (3.53 C$) |
-23.7 % |
| Water (1.5 liter bottle) |
293.00 kr (3.19 C$) |
228.40 kr (2.49 C$) |
-22.0 % |
| Bottle of Wine (Mid-Range) |
3,000.00 kr (32.66 C$) |
1,653.54 kr (18.00 C$) |
-44.9 % |
| Domestic Beer (0.5 liter bottle) |
459.45 kr (5.00 C$) |
376.59 kr (4.10 C$) |
-18.0 % |
| Imported Beer (12 oz small bottle) |
383.18 kr (4.17 C$) |
418.25 kr (4.55 C$) |
+9.2 % |
| Cigarettes 20 Pack (Marlboro) |
1,725.00 kr (18.78 C$) |
1,837.27 kr (20.00 C$) |
+6.5 % |
Transportation | Iceland Edit |
Canada Edit | |
| One-way Ticket (Local Transport) |
640.00 kr (6.97 C$) |
321.52 kr (3.50 C$) |
-49.8 % |
| Monthly Pass (Regular Price) |
10,400.00 kr (113.21 C$) |
9,645.66 kr (105.00 C$) |
-7.3 % |
| Taxi Start (Normal Tariff) |
790.00 kr (8.60 C$) |
417.98 kr (4.55 C$) |
-47.1 % |
| Taxi 1 mile (Normal Tariff) |
521.43 kr (5.68 C$) |
322.29 kr (3.51 C$) |
-38.2 % |
| Taxi 1hour Waiting (Normal Tariff) |
10,620.00 kr (115.61 C$) |
3,576.24 kr (38.93 C$) |
-66.3 % |
| Gasoline (1 gallon) |
1,182.00 kr (12.87 C$) |
558.40 kr (6.08 C$) |
-52.8 % |
| Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) |
5,890,000.00 kr (64,116.95 C$) |
3,121,334.22 kr (33,978.00 C$) |
-47.0 % |
| Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) |
6,666,666.67 kr (72,571.53 C$) |
2,576,593.71 kr (28,048.10 C$) |
-61.4 % |
Utilities (Monthly) | Iceland Edit |
Canada Edit | |
| Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment |
10,924.64 kr (118.92 C$) |
18,980.92 kr (206.62 C$) |
+73.7 % |
| Mobile Phone Monthly Plan with Calls and 10GB+ Data |
3,427.78 kr (37.31 C$) |
5,755.08 kr (62.65 C$) |
+67.9 % |
| Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) |
10,263.65 kr (111.73 C$) |
7,785.28 kr (84.75 C$) |
-24.1 % |
Sports And Leisure | Iceland Edit |
Canada Edit | |
| Fitness Club, Monthly Fee for 1 Adult |
10,002.92 kr (108.89 C$) |
5,415.96 kr (58.96 C$) |
-45.9 % |
| Tennis Court Rent (1 Hour on Weekend) |
5,271.43 kr (57.38 C$) |
2,204.66 kr (24.00 C$) |
-58.2 % |
| Cinema, International Release, 1 Seat |
2,190.00 kr (23.84 C$) |
1,423.88 kr (15.50 C$) |
-35.0 % |
Childcare | Iceland Edit |
Canada Edit | |
| Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child |
42,475.25 kr (462.37 C$) |
102,335.86 kr (1,114.00 C$) |
+140.9 % |
| International Primary School, Yearly for 1 Child |
3,744,295.00 kr (40,759.38 C$) |
1,523,927.79 kr (16,589.07 C$) |
-59.3 % |
Clothing And Shoes | Iceland Edit |
Canada Edit | |
| 1 Pair of Jeans (Levis 501 Or Similar) |
17,778.42 kr (193.53 C$) |
7,064.22 kr (76.90 C$) |
-60.3 % |
| 1 Summer Dress in a Chain Store (Zara, H&M, ...) |
7,831.11 kr (85.25 C$) |
5,214.00 kr (56.76 C$) |
-33.4 % |
| 1 Pair of Nike Running Shoes (Mid-Range) |
22,042.86 kr (239.95 C$) |
11,143.75 kr (121.31 C$) |
-49.4 % |
| 1 Pair of Men Leather Business Shoes |
31,233.82 kr (340.00 C$) |
13,564.82 kr (147.66 C$) |
-56.6 % |
Rent Per Month | Iceland Edit |
Canada Edit | |
| Apartment (1 bedroom) in City Centre |
277,291.67 kr (3,018.52 C$) |
169,064.94 kr (1,840.40 C$) |
-39.0 % |
| Apartment (1 bedroom) Outside of Centre |
249,310.34 kr (2,713.92 C$) |
150,864.75 kr (1,642.27 C$) |
-39.5 % |
| Apartment (3 bedrooms) in City Centre |
393,961.54 kr (4,288.56 C$) |
270,941.51 kr (2,949.40 C$) |
-31.2 % |
| Apartment (3 bedrooms) Outside of Centre |
338,074.07 kr (3,680.18 C$) |
234,205.60 kr (2,549.50 C$) |
-30.7 % |
Buy Apartment Price | Iceland Edit |
Canada Edit | |
| Price per Square Feet to Buy Apartment in City Centre |
85,617.11 kr (932.00 C$) |
79,399.17 kr (864.32 C$) |
-7.3 % |
| Price per Square Feet to Buy Apartment Outside of Centre |
72,524.16 kr (789.48 C$) |
55,922.80 kr (608.76 C$) |
-22.9 % |
Salaries And Financing | Iceland Edit |
Canada Edit | |
| Average Monthly Net Salary (After Tax) |
556,090.69 kr (6,053.45 C$) |
359,942.24 kr (3,918.23 C$) |
-35.3 % |
| Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate | 9.72 | 6.61 | -31.9 % |
| Last update: | March 2025 | March 2025 | |
| Contributors in the past 12 months: | 143 | 3752 |
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