Cost of Living Comparison Between Canada and Iceland 
| Indices Difference |  |
|---|---|
| Consumer Prices in Iceland are 26.3% higher than in Canada (without rent) | |
| Consumer Prices Including Rent in Iceland are 22.6% higher than in Canada | |
| Rent Prices in Iceland are 14.8% higher than in Canada | |
| Restaurant Prices in Iceland are 39.3% higher than in Canada | |
| Groceries Prices in Iceland are 23.2% higher than in Canada | |
| Local Purchasing Power in Iceland is 17.9% higher than in Canada | |
Restaurants | Canada Edit |
Iceland Edit | Difference |
|---|---|---|---|
| Meal, Inexpensive Restaurant |
25.00 C$ (2,563.14 kr) |
29.26 C$ (3,000.00 kr) |
+17.0 % |
| Meal for 2 People, Mid-range Restaurant, Three-course |
100.00 C$ (10,252.58 kr) |
159.95 C$ (16,398.80 kr) |
+59.9 % |
| McMeal at McDonalds (or Equivalent Combo Meal) |
14.50 C$ (1,486.62 kr) |
22.42 C$ (2,299.00 kr) |
+54.6 % |
| Domestic Beer (1 pint draught) |
8.00 C$ (820.21 kr) |
13.66 C$ (1,400.00 kr) |
+70.7 % |
| Imported Beer (12 oz small bottle) |
8.00 C$ (820.21 kr) |
11.70 C$ (1,200.00 kr) |
+46.3 % |
| Cappuccino (regular) |
5.11 C$ (523.76 kr) |
6.60 C$ (676.85 kr) |
+29.2 % |
| Coke/Pepsi (12 oz small bottle) |
2.87 C$ (294.43 kr) |
3.82 C$ (392.02 kr) |
+33.1 % |
| Water (12 oz small bottle) |
2.35 C$ (241.33 kr) |
2.83 C$ (290.66 kr) |
+20.4 % |
Markets | Canada Edit |
Iceland Edit | |
| Milk (regular), (1 gallon) |
11.13 C$ (1,141.45 kr) |
8.21 C$ (842.21 kr) |
-26.2 % |
| Loaf of Fresh White Bread (1 lb) |
3.27 C$ (335.60 kr) |
4.25 C$ (436.03 kr) |
+29.9 % |
| Rice (white), (1 lb) |
2.30 C$ (235.34 kr) |
1.94 C$ (198.48 kr) |
-15.7 % |
| Eggs (regular) (12) |
4.73 C$ (484.93 kr) |
7.76 C$ (795.49 kr) |
+64.0 % |
| Local Cheese (1 lb) |
7.14 C$ (731.89 kr) |
8.94 C$ (916.39 kr) |
+25.2 % |
| Chicken Fillets (1 lb) |
7.56 C$ (774.74 kr) |
11.36 C$ (1,164.19 kr) |
+50.3 % |
| Beef Round (1 lb) (or Equivalent Back Leg Red Meat) |
8.94 C$ (916.33 kr) |
18.97 C$ (1,944.92 kr) |
+112.3 % |
| Apples (1 lb) |
2.60 C$ (266.92 kr) |
1.92 C$ (197.01 kr) |
-26.2 % |
| Banana (1 lb) |
0.88 C$ (90.49 kr) |
1.35 C$ (138.31 kr) |
+52.8 % |
| Oranges (1 lb) |
2.35 C$ (241.41 kr) |
1.67 C$ (171.21 kr) |
-29.1 % |
| Tomato (1 lb) |
2.59 C$ (265.52 kr) |
2.85 C$ (292.63 kr) |
+10.2 % |
| Potato (1 lb) |
1.63 C$ (166.71 kr) |
1.88 C$ (192.76 kr) |
+15.6 % |
| Onion (1 lb) |
1.63 C$ (167.26 kr) |
1.17 C$ (120.36 kr) |
-28.0 % |
| Lettuce (1 head) |
3.55 C$ (363.94 kr) |
4.23 C$ (434.00 kr) |
+19.2 % |
| Water (1.5 liter bottle) |
2.45 C$ (251.27 kr) |
2.86 C$ (293.63 kr) |
+16.9 % |
| Bottle of Wine (Mid-Range) |
18.00 C$ (1,845.46 kr) |
26.82 C$ (2,750.00 kr) |
+49.0 % |
| Domestic Beer (0.5 liter bottle) |
4.09 C$ (418.91 kr) |
4.29 C$ (439.70 kr) |
+5.0 % |
| Imported Beer (12 oz small bottle) |
4.38 C$ (449.17 kr) |
3.60 C$ (369.58 kr) |
-17.7 % |
| Cigarettes 20 Pack (Marlboro) |
19.00 C$ (1,947.99 kr) |
15.61 C$ (1,600.00 kr) |
-17.9 % |
Transportation | Canada Edit |
Iceland Edit | |
| One-way Ticket (Local Transport) |
3.50 C$ (358.84 kr) |
5.56 C$ (570.00 kr) |
+58.8 % |
| Monthly Pass (Regular Price) |
105.00 C$ (10,765.21 kr) |
90.71 C$ (9,300.00 kr) |
-13.6 % |
| Taxi Start (Normal Tariff) |
4.50 C$ (461.37 kr) |
7.12 C$ (730.00 kr) |
+58.2 % |
| Taxi 1 mile (Normal Tariff) |
3.38 C$ (346.50 kr) |
5.09 C$ (521.43 kr) |
+50.5 % |
| Taxi 1hour Waiting (Normal Tariff) |
39.00 C$ (3,998.51 kr) |
91.29 C$ (9,360.00 kr) |
+134.1 % |
| Gasoline (1 gallon) |
6.04 C$ (619.55 kr) |
11.47 C$ (1,176.31 kr) |
+89.9 % |
| Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) |
33,978.00 C$ (3,483,621.32 kr) |
50,670.18 C$ (5,195,000.00 kr) |
+49.1 % |
| Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) |
27,811.45 C$ (2,851,390.94 kr) |
57,113.85 C$ (5,855,642.86 kr) |
+105.4 % |
Utilities (Monthly) | Canada Edit |
Iceland Edit | |
| Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment |
214.70 C$ (22,012.00 kr) |
144.04 C$ (14,767.61 kr) |
-32.9 % |
| Mobile Phone Monthly Plan with Calls and 10GB+ Data |
65.35 C$ (6,700.06 kr) |
32.39 C$ (3,320.53 kr) |
-50.4 % |
| Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) |
85.70 C$ (8,786.95 kr) |
96.21 C$ (9,864.08 kr) |
+12.3 % |
Sports And Leisure | Canada Edit |
Iceland Edit | |
| Fitness Club, Monthly Fee for 1 Adult |
58.09 C$ (5,955.80 kr) |
86.47 C$ (8,865.14 kr) |
+48.8 % |
| Tennis Court Rent (1 Hour on Weekend) |
26.94 C$ (2,762.03 kr) |
41.44 C$ (4,248.33 kr) |
+53.8 % |
| Cinema, International Release, 1 Seat |
15.68 C$ (1,607.09 kr) |
19.51 C$ (2,000.00 kr) |
+24.4 % |
Childcare | Canada Edit |
Iceland Edit | |
| Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child |
1,124.42 C$ (115,282.15 kr) |
366.14 C$ (37,538.56 kr) |
-67.4 % |
| International Primary School, Yearly for 1 Child |
18,030.10 C$ (1,848,550.44 kr) |
7,571.27 C$ (776,250.00 kr) |
-58.0 % |
Clothing And Shoes | Canada Edit |
Iceland Edit | |
| 1 Pair of Jeans (Levis 501 Or Similar) |
79.90 C$ (8,191.77 kr) |
158.14 C$ (16,213.77 kr) |
+97.9 % |
| 1 Summer Dress in a Chain Store (Zara, H&M, ...) |
56.82 C$ (5,825.12 kr) |
69.19 C$ (7,093.68 kr) |
+21.8 % |
| 1 Pair of Nike Running Shoes (Mid-Range) |
121.53 C$ (12,459.87 kr) |
204.76 C$ (20,993.55 kr) |
+68.5 % |
| 1 Pair of Men Leather Business Shoes |
151.17 C$ (15,498.44 kr) |
242.45 C$ (24,857.73 kr) |
+60.4 % |
Rent Per Month | Canada Edit |
Iceland Edit | |
| Apartment (1 bedroom) in City Centre |
1,918.27 C$ (196,672.30 kr) |
2,367.34 C$ (242,713.74 kr) |
+23.4 % |
| Apartment (1 bedroom) Outside of Centre |
1,731.94 C$ (177,568.44 kr) |
2,107.37 C$ (216,060.02 kr) |
+21.7 % |
| Apartment (3 bedrooms) in City Centre |
3,132.08 C$ (321,119.13 kr) |
3,326.71 C$ (341,073.17 kr) |
+6.2 % |
| Apartment (3 bedrooms) Outside of Centre |
2,639.01 C$ (270,566.71 kr) |
3,013.88 C$ (309,000.00 kr) |
+14.2 % |
Buy Apartment Price | Canada Edit |
Iceland Edit | |
| Price per Square Feet to Buy Apartment in City Centre |
926.60 C$ (95,000.10 kr) |
726.94 C$ (74,530.04 kr) |
-21.5 % |
| Price per Square Feet to Buy Apartment Outside of Centre |
643.45 C$ (65,970.61 kr) |
587.85 C$ (60,270.15 kr) |
-8.6 % |
Salaries And Financing | Canada Edit |
Iceland Edit | |
| Average Monthly Net Salary (After Tax) |
3,908.36 C$ (400,708.03 kr) |
5,648.39 C$ (579,105.87 kr) |
+44.5 % |
| Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate | 7.03 | 7.37 | +4.9 % |
| Last update: | April 2024 | April 2024 | |
| Contributors in the past 12 months: | 4435 | 198 |
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