Cost of Living Comparison Between Vancouver and Reykjavik 
| Indices Difference |  |
|---|---|
| Cost of Living in Reykjavik is 20.7% higher than in Vancouver (without rent) | |
| Cost of Living Including Rent in Reykjavik is 6.0% higher than in Vancouver | |
| Rent Prices in Reykjavik are 16.0% lower than in Vancouver | |
| Restaurant Prices in Reykjavik are 33.7% higher than in Vancouver | |
| Groceries Prices in Reykjavik are 12.1% higher than in Vancouver | |
| Local Purchasing Power in Reykjavik is 5.8% higher than in Vancouver | |
Restaurants | Vancouver Edit |
Reykjavik Edit | Difference |
|---|---|---|---|
| Meal, Inexpensive Restaurant |
25.00 C$ (2,537.06 kr) |
29.56 C$ (3,000.00 kr) |
+18.2 % |
| Meal for 2 People, Mid-range Restaurant, Three-course |
120.00 C$ (12,177.87 kr) |
167.52 C$ (17,000.00 kr) |
+39.6 % |
| McMeal at McDonalds (or Equivalent Combo Meal) |
15.00 C$ (1,522.23 kr) |
23.65 C$ (2,400.00 kr) |
+57.7 % |
| Domestic Beer (1 pint draught) |
8.00 C$ (811.86 kr) |
14.78 C$ (1,500.00 kr) |
+84.8 % |
| Imported Beer (12 oz small bottle) |
9.00 C$ (913.34 kr) |
12.32 C$ (1,250.00 kr) |
+36.9 % |
| Cappuccino (regular) |
5.41 C$ (549.04 kr) |
6.98 C$ (708.46 kr) |
+29.0 % |
| Coke/Pepsi (12 oz small bottle) |
2.94 C$ (298.16 kr) |
4.06 C$ (412.42 kr) |
+38.3 % |
| Water (12 oz small bottle) |
2.61 C$ (265.01 kr) |
2.88 C$ (292.48 kr) |
+10.4 % |
Markets | Vancouver Edit |
Reykjavik Edit | |
| Milk (regular), (1 gallon) |
10.64 C$ (1,080.15 kr) |
8.43 C$ (855.96 kr) |
-20.8 % |
| Loaf of Fresh White Bread (1 lb) |
3.75 C$ (380.60 kr) |
4.58 C$ (464.58 kr) |
+22.1 % |
| Rice (white), (1 lb) |
2.66 C$ (269.93 kr) |
1.87 C$ (189.98 kr) |
-29.6 % |
| Eggs (regular) (12) |
5.56 C$ (564.19 kr) |
8.07 C$ (819.16 kr) |
+45.2 % |
| Local Cheese (1 lb) |
8.17 C$ (829.43 kr) |
9.51 C$ (965.37 kr) |
+16.4 % |
| Chicken Fillets (1 lb) |
9.67 C$ (981.21 kr) |
12.15 C$ (1,233.09 kr) |
+25.7 % |
| Beef Round (1 lb) (or Equivalent Back Leg Red Meat) |
11.10 C$ (1,126.95 kr) |
19.06 C$ (1,934.50 kr) |
+71.7 % |
| Apples (1 lb) |
2.77 C$ (281.41 kr) |
1.86 C$ (188.37 kr) |
-33.1 % |
| Banana (1 lb) |
0.84 C$ (85.70 kr) |
1.33 C$ (134.67 kr) |
+57.1 % |
| Oranges (1 lb) |
2.40 C$ (243.07 kr) |
1.67 C$ (169.47 kr) |
-30.3 % |
| Tomato (1 lb) |
3.00 C$ (304.82 kr) |
2.99 C$ (303.07 kr) |
-0.6 % |
| Potato (1 lb) |
1.95 C$ (197.78 kr) |
1.95 C$ (198.33 kr) |
+0.3 % |
| Onion (1 lb) |
1.71 C$ (173.39 kr) |
1.32 C$ (134.12 kr) |
-22.6 % |
| Lettuce (1 head) |
3.54 C$ (359.25 kr) |
4.29 C$ (435.00 kr) |
+21.1 % |
| Water (1.5 liter bottle) |
2.65 C$ (269.12 kr) |
2.81 C$ (284.82 kr) |
+5.8 % |
| Bottle of Wine (Mid-Range) |
20.00 C$ (2,029.65 kr) |
27.09 C$ (2,749.50 kr) |
+35.5 % |
| Domestic Beer (0.5 liter bottle) |
4.33 C$ (439.59 kr) |
4.32 C$ (437.94 kr) |
-0.4 % |
| Imported Beer (12 oz small bottle) |
4.64 C$ (471.39 kr) |
3.48 C$ (353.50 kr) |
-25.0 % |
| Cigarettes 20 Pack (Marlboro) |
20.07 C$ (2,037.26 kr) |
16.26 C$ (1,650.00 kr) |
-19.0 % |
Transportation | Vancouver Edit |
Reykjavik Edit | |
| One-way Ticket (Local Transport) |
3.15 C$ (319.67 kr) |
5.62 C$ (570.00 kr) |
+78.3 % |
| Monthly Pass (Regular Price) |
140.00 C$ (14,207.52 kr) |
91.64 C$ (9,300.00 kr) |
-34.5 % |
| Taxi Start (Normal Tariff) |
4.00 C$ (405.93 kr) |
7.19 C$ (730.00 kr) |
+79.8 % |
| Taxi 1 mile (Normal Tariff) |
3.45 C$ (350.32 kr) |
4.97 C$ (504.53 kr) |
+44.0 % |
| Taxi 1hour Waiting (Normal Tariff) |
36.29 C$ (3,682.79 kr) |
94.89 C$ (9,630.00 kr) |
+161.5 % |
| Gasoline (1 gallon) |
7.32 C$ (742.83 kr) |
11.74 C$ (1,191.65 kr) |
+60.4 % |
| Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) |
33,978.00 C$ (3,448,164.87 kr) |
57,054.30 C$ (5,790,000.00 kr) |
+67.9 % |
| Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) |
28,031.10 C$ (2,844,660.23 kr) |
59,467.28 C$ (6,034,875.00 kr) |
+112.1 % |
Utilities (Monthly) | Vancouver Edit |
Reykjavik Edit | |
| Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment |
145.21 C$ (14,736.07 kr) |
116.97 C$ (11,870.21 kr) |
-19.4 % |
| Mobile Phone Monthly Plan with Calls and 10GB+ Data |
62.33 C$ (6,325.15 kr) |
32.07 C$ (3,254.67 kr) |
-48.5 % |
| Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) |
79.24 C$ (8,041.28 kr) |
95.39 C$ (9,680.02 kr) |
+20.4 % |
Sports And Leisure | Vancouver Edit |
Reykjavik Edit | |
| Fitness Club, Monthly Fee for 1 Adult |
55.12 C$ (5,593.31 kr) |
86.47 C$ (8,775.19 kr) |
+56.9 % |
| Tennis Court Rent (1 Hour on Weekend) |
15.84 C$ (1,607.41 kr) |
39.56 C$ (4,014.29 kr) |
+149.7 % |
| Cinema, International Release, 1 Seat |
17.50 C$ (1,775.94 kr) |
19.71 C$ (2,000.00 kr) |
+12.6 % |
Childcare | Vancouver Edit |
Reykjavik Edit | |
| Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child |
1,596.88 C$ (162,054.51 kr) |
321.06 C$ (32,582.12 kr) |
-79.9 % |
| International Primary School, Yearly for 1 Child |
20,100.00 C$ (2,039,793.80 kr) |
8,195.19 C$ (831,666.67 kr) |
-59.2 % |
Clothing And Shoes | Vancouver Edit |
Reykjavik Edit | |
| 1 Pair of Jeans (Levis 501 Or Similar) |
84.84 C$ (8,610.16 kr) |
143.45 C$ (14,557.53 kr) |
+69.1 % |
| 1 Summer Dress in a Chain Store (Zara, H&M, ...) |
56.91 C$ (5,775.26 kr) |
63.96 C$ (6,491.15 kr) |
+12.4 % |
| 1 Pair of Nike Running Shoes (Mid-Range) |
134.88 C$ (13,687.93 kr) |
197.03 C$ (19,994.75 kr) |
+46.1 % |
| 1 Pair of Men Leather Business Shoes |
168.58 C$ (17,108.22 kr) |
244.92 C$ (24,855.00 kr) |
+45.3 % |
Rent Per Month | Vancouver Edit |
Reykjavik Edit | |
| Apartment (1 bedroom) in City Centre |
2,790.14 C$ (283,149.32 kr) |
2,552.93 C$ (259,077.12 kr) |
-8.5 % |
| Apartment (1 bedroom) Outside of Centre |
2,346.32 C$ (238,109.81 kr) |
2,298.98 C$ (233,305.50 kr) |
-2.0 % |
| Apartment (3 bedrooms) in City Centre |
5,091.40 C$ (516,687.36 kr) |
3,679.79 C$ (373,433.33 kr) |
-27.7 % |
| Apartment (3 bedrooms) Outside of Centre |
3,878.59 C$ (393,608.13 kr) |
3,313.39 C$ (336,250.00 kr) |
-14.6 % |
Buy Apartment Price | Vancouver Edit |
Reykjavik Edit | |
| Price per Square Feet to Buy Apartment in City Centre |
1,431.55 C$ (145,277.09 kr) |
799.50 C$ (81,134.64 kr) |
-44.2 % |
| Price per Square Feet to Buy Apartment Outside of Centre |
930.14 C$ (94,392.45 kr) |
624.10 C$ (63,335.22 kr) |
-32.9 % |
Salaries And Financing | Vancouver Edit |
Reykjavik Edit | |
| Average Monthly Net Salary (After Tax) |
4,511.44 C$ (457,830.99 kr) |
5,058.82 C$ (513,380.43 kr) |
+12.1 % |
| Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate | 6.57 | 8.14 | +23.9 % |
| Last update: | June 2024 | June 2024 | |
| Contributors in the past 12 months: | 558 | 173 |
Moving to Vancouver? Explore:
Moving to Reykjavik? Explore:
Cities near Vancouver: | Cost of Living in Burnaby | 8.12 miles |
| Cost of Living in New Westminster | 12.02 miles |
| Cost of Living in Coquitlam | 20.00 miles |
| Cost of Living in Surrey | 25.22 miles |
| Cost of Living in Abbotsford | 48.00 miles |
| Cost of Living in Whistler | 77.05 miles |
| Cost of Living in Penticton | 248.52 miles |
Cities near Reykjavik: | Cost of Living in Hafnarfjorour | 6.29 miles |
| Cost of Living in Akranes | 29.20 miles |
| Cost of Living in Grindavik | 31.33 miles |
| Cost of Living in Grundarfjordur | 108.80 miles |
| Cost of Living in Kirkjubaejarklaustur | 159.08 miles |
| Cost of Living in Hofsos | 210.99 miles |