Cost of Living Comparison Between Vancouver and Reykjavik 
| Indices Difference |  |
|---|---|
| Cost of Living in Reykjavik is 21.0% higher than in Vancouver (without rent) | |
| Cost of Living Including Rent in Reykjavik is 6.7% higher than in Vancouver | |
| Rent Prices in Reykjavik are 15.1% lower than in Vancouver | |
| Restaurant Prices in Reykjavik are 33.9% higher than in Vancouver | |
| Groceries Prices in Reykjavik are 13.4% higher than in Vancouver | |
| Local Purchasing Power in Reykjavik is 7.9% higher than in Vancouver | |
Restaurants | Vancouver Edit |
Reykjavik Edit | Difference |
|---|---|---|---|
| Meal, Inexpensive Restaurant |
25.00 C$ (2,530.65 kr) |
29.64 C$ (3,000.00 kr) |
+18.5 % |
| Meal for 2 People, Mid-range Restaurant, Three-course |
120.00 C$ (12,147.10 kr) |
167.94 C$ (17,000.00 kr) |
+40.0 % |
| McMeal at McDonalds (or Equivalent Combo Meal) |
15.00 C$ (1,518.39 kr) |
23.71 C$ (2,400.00 kr) |
+58.1 % |
| Domestic Beer (1 pint draught) |
8.00 C$ (809.81 kr) |
14.82 C$ (1,500.00 kr) |
+85.2 % |
| Imported Beer (12 oz small bottle) |
9.00 C$ (911.03 kr) |
12.35 C$ (1,250.00 kr) |
+37.2 % |
| Cappuccino (regular) |
5.42 C$ (549.10 kr) |
6.98 C$ (706.87 kr) |
+28.7 % |
| Coke/Pepsi (12 oz small bottle) |
2.94 C$ (297.41 kr) |
3.99 C$ (403.44 kr) |
+35.7 % |
| Water (12 oz small bottle) |
2.61 C$ (264.34 kr) |
2.84 C$ (287.89 kr) |
+8.9 % |
Markets | Vancouver Edit |
Reykjavik Edit | |
| Milk (regular), (1 gallon) |
11.33 C$ (1,146.77 kr) |
8.46 C$ (856.52 kr) |
-25.3 % |
| Loaf of Fresh White Bread (1 lb) |
3.81 C$ (385.75 kr) |
4.59 C$ (464.58 kr) |
+20.4 % |
| Rice (white), (1 lb) |
2.73 C$ (276.55 kr) |
2.05 C$ (207.81 kr) |
-24.9 % |
| Eggs (regular) (12) |
5.61 C$ (567.79 kr) |
8.12 C$ (821.68 kr) |
+44.7 % |
| Local Cheese (1 lb) |
8.22 C$ (832.36 kr) |
9.54 C$ (965.37 kr) |
+16.0 % |
| Chicken Fillets (1 lb) |
9.61 C$ (973.09 kr) |
12.18 C$ (1,233.09 kr) |
+26.7 % |
| Beef Round (1 lb) (or Equivalent Back Leg Red Meat) |
11.16 C$ (1,130.02 kr) |
19.58 C$ (1,982.11 kr) |
+75.4 % |
| Apples (1 lb) |
2.80 C$ (283.30 kr) |
2.10 C$ (212.21 kr) |
-25.1 % |
| Banana (1 lb) |
0.83 C$ (84.35 kr) |
1.33 C$ (134.62 kr) |
+59.6 % |
| Oranges (1 lb) |
2.39 C$ (241.69 kr) |
1.73 C$ (175.06 kr) |
-27.6 % |
| Tomato (1 lb) |
2.96 C$ (299.83 kr) |
3.06 C$ (309.60 kr) |
+3.3 % |
| Potato (1 lb) |
2.01 C$ (203.02 kr) |
1.94 C$ (196.68 kr) |
-3.1 % |
| Onion (1 lb) |
1.72 C$ (174.48 kr) |
1.39 C$ (140.44 kr) |
-19.5 % |
| Lettuce (1 head) |
3.57 C$ (361.88 kr) |
4.34 C$ (439.56 kr) |
+21.5 % |
| Water (1.5 liter bottle) |
2.70 C$ (272.92 kr) |
2.78 C$ (281.00 kr) |
+3.0 % |
| Bottle of Wine (Mid-Range) |
20.00 C$ (2,024.52 kr) |
27.16 C$ (2,749.50 kr) |
+35.8 % |
| Domestic Beer (0.5 liter bottle) |
4.61 C$ (466.44 kr) |
4.29 C$ (434.15 kr) |
-6.9 % |
| Imported Beer (12 oz small bottle) |
4.62 C$ (467.89 kr) |
3.52 C$ (355.89 kr) |
-23.9 % |
| Cigarettes 20 Pack (Marlboro) |
20.07 C$ (2,032.11 kr) |
16.30 C$ (1,650.00 kr) |
-18.8 % |
Transportation | Vancouver Edit |
Reykjavik Edit | |
| One-way Ticket (Local Transport) |
3.15 C$ (318.86 kr) |
5.63 C$ (570.00 kr) |
+78.8 % |
| Monthly Pass (Regular Price) |
140.00 C$ (14,171.62 kr) |
91.87 C$ (9,300.00 kr) |
-34.4 % |
| Taxi Start (Normal Tariff) |
3.88 C$ (392.25 kr) |
7.21 C$ (730.00 kr) |
+86.1 % |
| Taxi 1 mile (Normal Tariff) |
3.45 C$ (349.44 kr) |
4.98 C$ (504.53 kr) |
+44.4 % |
| Taxi 1hour Waiting (Normal Tariff) |
36.29 C$ (3,673.49 kr) |
95.13 C$ (9,630.00 kr) |
+162.1 % |
| Gasoline (1 gallon) |
7.44 C$ (753.47 kr) |
11.77 C$ (1,191.65 kr) |
+58.2 % |
| Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) |
33,978.00 C$ (3,439,452.10 kr) |
57,198.83 C$ (5,790,000.00 kr) |
+68.3 % |
| Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) |
28,345.04 C$ (2,869,251.28 kr) |
59,579.64 C$ (6,031,000.00 kr) |
+110.2 % |
Utilities (Monthly) | Vancouver Edit |
Reykjavik Edit | |
| Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment |
147.45 C$ (14,925.40 kr) |
115.64 C$ (11,705.74 kr) |
-21.6 % |
| Mobile Phone Monthly Plan with Calls and 10GB+ Data |
64.91 C$ (6,570.95 kr) |
32.15 C$ (3,254.67 kr) |
-50.5 % |
| Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) |
79.18 C$ (8,014.98 kr) |
93.96 C$ (9,510.93 kr) |
+18.7 % |
Sports And Leisure | Vancouver Edit |
Reykjavik Edit | |
| Fitness Club, Monthly Fee for 1 Adult |
55.63 C$ (5,631.33 kr) |
89.93 C$ (9,103.59 kr) |
+61.7 % |
| Tennis Court Rent (1 Hour on Weekend) |
15.84 C$ (1,603.35 kr) |
39.66 C$ (4,014.29 kr) |
+150.4 % |
| Cinema, International Release, 1 Seat |
18.00 C$ (1,822.07 kr) |
19.76 C$ (2,000.00 kr) |
+9.8 % |
Childcare | Vancouver Edit |
Reykjavik Edit | |
| Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child |
1,550.00 C$ (156,900.08 kr) |
330.02 C$ (33,406.33 kr) |
-78.7 % |
| International Primary School, Yearly for 1 Child |
20,100.00 C$ (2,034,639.69 kr) |
8,215.95 C$ (831,666.67 kr) |
-59.1 % |
Clothing And Shoes | Vancouver Edit |
Reykjavik Edit | |
| 1 Pair of Jeans (Levis 501 Or Similar) |
85.54 C$ (8,659.09 kr) |
142.71 C$ (14,445.76 kr) |
+66.8 % |
| 1 Summer Dress in a Chain Store (Zara, H&M, ...) |
58.00 C$ (5,871.10 kr) |
59.72 C$ (6,045.00 kr) |
+3.0 % |
| 1 Pair of Nike Running Shoes (Mid-Range) |
136.08 C$ (13,774.81 kr) |
194.24 C$ (19,661.90 kr) |
+42.7 % |
| 1 Pair of Men Leather Business Shoes |
168.58 C$ (17,064.99 kr) |
239.79 C$ (24,273.12 kr) |
+42.2 % |
Rent Per Month | Vancouver Edit |
Reykjavik Edit | |
| Apartment (1 bedroom) in City Centre |
2,798.14 C$ (283,244.18 kr) |
2,559.40 C$ (259,077.12 kr) |
-8.5 % |
| Apartment (1 bedroom) Outside of Centre |
2,287.02 C$ (231,505.64 kr) |
2,287.40 C$ (231,544.05 kr) |
+0.0 % |
| Apartment (3 bedrooms) in City Centre |
5,047.42 C$ (510,929.26 kr) |
3,714.13 C$ (375,965.52 kr) |
-26.4 % |
| Apartment (3 bedrooms) Outside of Centre |
3,838.17 C$ (388,522.11 kr) |
3,301.83 C$ (334,230.77 kr) |
-14.0 % |
Buy Apartment Price | Vancouver Edit |
Reykjavik Edit | |
| Price per Square Feet to Buy Apartment in City Centre |
1,455.23 C$ (147,307.33 kr) |
808.56 C$ (81,846.89 kr) |
-44.4 % |
| Price per Square Feet to Buy Apartment Outside of Centre |
930.14 C$ (94,153.95 kr) |
642.18 C$ (65,005.60 kr) |
-31.0 % |
Salaries And Financing | Vancouver Edit |
Reykjavik Edit | |
| Average Monthly Net Salary (After Tax) |
4,406.20 C$ (446,021.33 kr) |
5,071.63 C$ (513,380.43 kr) |
+15.1 % |
| Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate | 6.54 | 8.14 | +24.5 % |
| Last update: | May 2024 | May 2024 | |
| Contributors in the past 12 months: | 547 | 165 |
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 |