Cost of Living Comparison Between Iceland and Canada 
| Indices Difference |  |
|---|---|
| Cost of Living in Canada is 25.0% lower than in Iceland (without rent) | |
| Cost of Living Including Rent in Canada is 24.7% lower than in Iceland | |
| Rent Prices in Canada are 23.9% lower than in Iceland | |
| Restaurant Prices in Canada are 32.4% lower than in Iceland | |
| Groceries Prices in Canada are 23.2% lower than in Iceland | |
| Local Purchasing Power in Canada is 11.3% lower than in Iceland | |
Restaurants | Iceland Edit |
Canada Edit | Difference |
|---|---|---|---|
| Meal, Inexpensive Restaurant |
3,000.00 kr (30.14 C$) |
2,488.51 kr (25.00 C$) |
-17.0 % |
| Meal for 2 People, Mid-range Restaurant, Three-course |
16,761.60 kr (168.39 C$) |
9,954.04 kr (100.00 C$) |
-40.6 % |
| McMeal at McDonalds (or Equivalent Combo Meal) |
2,490.00 kr (25.01 C$) |
1,493.11 kr (15.00 C$) |
-40.0 % |
| Domestic Beer (1 pint draught) |
1,450.00 kr (14.57 C$) |
796.32 kr (8.00 C$) |
-45.1 % |
| Imported Beer (12 oz small bottle) |
1,200.00 kr (12.06 C$) |
796.32 kr (8.00 C$) |
-33.6 % |
| Cappuccino (regular) |
702.65 kr (7.06 C$) |
516.55 kr (5.19 C$) |
-26.5 % |
| Coke/Pepsi (12 oz small bottle) |
413.60 kr (4.16 C$) |
287.87 kr (2.89 C$) |
-30.4 % |
| Water (12 oz small bottle) |
306.97 kr (3.08 C$) |
234.39 kr (2.35 C$) |
-23.6 % |
Markets | Iceland Edit |
Canada Edit | |
| Milk (regular), (1 gallon) |
870.74 kr (8.75 C$) |
1,143.71 kr (11.49 C$) |
+31.3 % |
| Loaf of Fresh White Bread (1 lb) |
435.71 kr (4.38 C$) |
332.43 kr (3.34 C$) |
-23.7 % |
| Rice (white), (1 lb) |
192.35 kr (1.93 C$) |
228.42 kr (2.29 C$) |
+18.8 % |
| Eggs (regular) (12) |
796.63 kr (8.00 C$) |
478.33 kr (4.81 C$) |
-40.0 % |
| Local Cheese (1 lb) |
964.23 kr (9.69 C$) |
704.83 kr (7.08 C$) |
-26.9 % |
| Chicken Fillets (1 lb) |
1,248.62 kr (12.54 C$) |
761.39 kr (7.65 C$) |
-39.0 % |
| Beef Round (1 lb) (or Equivalent Back Leg Red Meat) |
2,148.62 kr (21.59 C$) |
910.40 kr (9.15 C$) |
-57.6 % |
| Apples (1 lb) |
185.10 kr (1.86 C$) |
257.06 kr (2.58 C$) |
+38.9 % |
| Banana (1 lb) |
141.16 kr (1.42 C$) |
89.26 kr (0.90 C$) |
-36.8 % |
| Oranges (1 lb) |
166.45 kr (1.67 C$) |
237.27 kr (2.38 C$) |
+42.5 % |
| Tomato (1 lb) |
288.94 kr (2.90 C$) |
257.52 kr (2.59 C$) |
-10.9 % |
| Potato (1 lb) |
200.10 kr (2.01 C$) |
165.14 kr (1.66 C$) |
-17.5 % |
| Onion (1 lb) |
118.91 kr (1.19 C$) |
164.07 kr (1.65 C$) |
+38.0 % |
| Lettuce (1 head) |
423.18 kr (4.25 C$) |
349.78 kr (3.51 C$) |
-17.3 % |
| Water (1.5 liter bottle) |
290.61 kr (2.92 C$) |
247.32 kr (2.48 C$) |
-14.9 % |
| Bottle of Wine (Mid-Range) |
3,000.00 kr (30.14 C$) |
1,791.73 kr (18.00 C$) |
-40.3 % |
| Domestic Beer (0.5 liter bottle) |
445.32 kr (4.47 C$) |
403.62 kr (4.05 C$) |
-9.4 % |
| Imported Beer (12 oz small bottle) |
376.38 kr (3.78 C$) |
452.06 kr (4.54 C$) |
+20.1 % |
| Cigarettes 20 Pack (Marlboro) |
1,679.00 kr (16.87 C$) |
1,990.81 kr (20.00 C$) |
+18.6 % |
Transportation | Iceland Edit |
Canada Edit | |
| One-way Ticket (Local Transport) |
630.00 kr (6.33 C$) |
348.39 kr (3.50 C$) |
-44.7 % |
| Monthly Pass (Regular Price) |
10,400.00 kr (104.48 C$) |
10,441.78 kr (104.90 C$) |
+0.4 % |
| Taxi Start (Normal Tariff) |
755.00 kr (7.58 C$) |
447.93 kr (4.50 C$) |
-40.7 % |
| Taxi 1 mile (Normal Tariff) |
521.43 kr (5.24 C$) |
349.22 kr (3.51 C$) |
-33.0 % |
| Taxi 1hour Waiting (Normal Tariff) |
10,620.00 kr (106.69 C$) |
3,882.07 kr (39.00 C$) |
-63.4 % |
| Gasoline (1 gallon) |
1,174.95 kr (11.80 C$) |
606.04 kr (6.09 C$) |
-48.4 % |
| Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) |
5,790,000.00 kr (58,167.36 C$) |
3,382,182.11 kr (33,978.00 C$) |
-41.6 % |
| Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) |
6,242,111.11 kr (62,709.35 C$) |
2,778,509.44 kr (27,913.40 C$) |
-55.5 % |
Utilities (Monthly) | Iceland Edit |
Canada Edit | |
| Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment |
12,514.47 kr (125.72 C$) |
20,229.17 kr (203.23 C$) |
+61.6 % |
| Mobile Phone Monthly Plan with Calls and 10GB+ Data |
3,466.00 kr (34.82 C$) |
6,287.69 kr (63.17 C$) |
+81.4 % |
| Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) |
9,745.97 kr (97.91 C$) |
8,415.58 kr (84.54 C$) |
-13.7 % |
Sports And Leisure | Iceland Edit |
Canada Edit | |
| Fitness Club, Monthly Fee for 1 Adult |
9,550.97 kr (95.95 C$) |
5,800.47 kr (58.27 C$) |
-39.3 % |
| Tennis Court Rent (1 Hour on Weekend) |
4,681.67 kr (47.03 C$) |
2,345.38 kr (23.56 C$) |
-49.9 % |
| Cinema, International Release, 1 Seat |
2,045.00 kr (20.54 C$) |
1,517.99 kr (15.25 C$) |
-25.8 % |
Childcare | Iceland Edit |
Canada Edit | |
| Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child |
38,053.75 kr (382.29 C$) |
114,231.54 kr (1,147.59 C$) |
+200.2 % |
| International Primary School, Yearly for 1 Child |
776,250.00 kr (7,798.34 C$) |
1,708,699.19 kr (17,165.89 C$) |
+120.1 % |
Clothing And Shoes | Iceland Edit |
Canada Edit | |
| 1 Pair of Jeans (Levis 501 Or Similar) |
16,287.33 kr (163.63 C$) |
7,800.70 kr (78.37 C$) |
-52.1 % |
| 1 Summer Dress in a Chain Store (Zara, H&M, ...) |
7,892.50 kr (79.29 C$) |
5,547.67 kr (55.73 C$) |
-29.7 % |
| 1 Pair of Nike Running Shoes (Mid-Range) |
21,548.10 kr (216.48 C$) |
12,190.21 kr (122.46 C$) |
-43.4 % |
| 1 Pair of Men Leather Business Shoes |
27,271.36 kr (273.97 C$) |
14,890.06 kr (149.59 C$) |
-45.4 % |
Rent Per Month | Iceland Edit |
Canada Edit | |
| Apartment (1 bedroom) in City Centre |
262,676.47 kr (2,638.89 C$) |
186,968.25 kr (1,878.32 C$) |
-28.8 % |
| Apartment (1 bedroom) Outside of Centre |
235,882.35 kr (2,369.72 C$) |
167,476.91 kr (1,682.50 C$) |
-29.0 % |
| Apartment (3 bedrooms) in City Centre |
371,187.50 kr (3,729.02 C$) |
301,877.65 kr (3,032.72 C$) |
-18.7 % |
| Apartment (3 bedrooms) Outside of Centre |
330,454.55 kr (3,319.80 C$) |
256,515.29 kr (2,577.00 C$) |
-22.4 % |
Buy Apartment Price | Iceland Edit |
Canada Edit | |
| Price per Square Feet to Buy Apartment in City Centre |
77,674.37 kr (780.33 C$) |
91,282.58 kr (917.04 C$) |
+17.5 % |
| Price per Square Feet to Buy Apartment Outside of Centre |
63,629.45 kr (639.23 C$) |
63,612.24 kr (639.06 C$) |
-0.0 % |
Salaries And Financing | Iceland Edit |
Canada Edit | |
| Average Monthly Net Salary (After Tax) |
588,701.03 kr (5,914.19 C$) |
393,094.54 kr (3,949.10 C$) |
-33.2 % |
| Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate | 8.16 | 6.68 | -18.2 % |
| Last update: | November 2024 | November 2024 | |
| Contributors in the past 12 months: | 255 | 5494 |
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