Cost of Living Comparison Between Canada and Iceland 
| Indices Difference |  |
|---|---|
| Consumer Prices in Iceland are 26.9% higher than in Canada (without rent) | |
| Consumer Prices Including Rent in Iceland are 23.3% higher than in Canada | |
| Rent Prices in Iceland are 15.8% higher than in Canada | |
| Restaurant Prices in Iceland are 38.9% higher than in Canada | |
| Groceries Prices in Iceland are 24.1% higher than in Canada | |
| Local Purchasing Power in Iceland is 18.2% higher than in Canada | |
Restaurants | Canada Edit |
Iceland Edit | Difference |
|---|---|---|---|
| Meal, Inexpensive Restaurant |
25.00 C$ (2,548.69 kr) |
29.43 C$ (3,000.00 kr) |
+17.7 % |
| Meal for 2 People, Mid-range Restaurant, Three-course |
100.00 C$ (10,194.78 kr) |
156.94 C$ (16,000.00 kr) |
+56.9 % |
| McMeal at McDonalds (or Equivalent Combo Meal) |
14.75 C$ (1,503.73 kr) |
22.56 C$ (2,299.50 kr) |
+52.9 % |
| Domestic Beer (1 pint draught) |
8.00 C$ (815.58 kr) |
14.09 C$ (1,436.01 kr) |
+76.1 % |
| Imported Beer (12 oz small bottle) |
8.00 C$ (815.58 kr) |
11.77 C$ (1,200.00 kr) |
+47.1 % |
| Cappuccino (regular) |
5.10 C$ (520.10 kr) |
6.71 C$ (684.31 kr) |
+31.6 % |
| Coke/Pepsi (12 oz small bottle) |
2.88 C$ (293.39 kr) |
3.85 C$ (392.96 kr) |
+33.9 % |
| Water (12 oz small bottle) |
2.35 C$ (240.05 kr) |
2.90 C$ (295.60 kr) |
+23.1 % |
Markets | Canada Edit |
Iceland Edit | |
| Milk (regular), (1 gallon) |
11.14 C$ (1,135.93 kr) |
8.35 C$ (851.36 kr) |
-25.1 % |
| Loaf of Fresh White Bread (1 lb) |
3.27 C$ (333.59 kr) |
4.28 C$ (436.03 kr) |
+30.7 % |
| Rice (white), (1 lb) |
2.29 C$ (233.67 kr) |
1.97 C$ (200.68 kr) |
-14.1 % |
| Eggs (regular) (12) |
4.73 C$ (481.99 kr) |
7.84 C$ (799.68 kr) |
+65.9 % |
| Local Cheese (1 lb) |
7.12 C$ (725.73 kr) |
9.05 C$ (922.17 kr) |
+27.1 % |
| Chicken Fillets (1 lb) |
7.57 C$ (771.68 kr) |
11.52 C$ (1,174.00 kr) |
+52.1 % |
| Beef Round (1 lb) (or Equivalent Back Leg Red Meat) |
8.97 C$ (913.99 kr) |
19.08 C$ (1,944.92 kr) |
+112.8 % |
| Apples (1 lb) |
2.60 C$ (264.81 kr) |
1.93 C$ (197.00 kr) |
-25.6 % |
| Banana (1 lb) |
0.89 C$ (90.24 kr) |
1.37 C$ (139.16 kr) |
+54.2 % |
| Oranges (1 lb) |
2.36 C$ (240.46 kr) |
1.68 C$ (171.20 kr) |
-28.8 % |
| Tomato (1 lb) |
2.59 C$ (264.15 kr) |
2.87 C$ (292.63 kr) |
+10.8 % |
| Potato (1 lb) |
1.63 C$ (165.70 kr) |
1.89 C$ (192.75 kr) |
+16.3 % |
| Onion (1 lb) |
1.63 C$ (166.59 kr) |
1.18 C$ (120.35 kr) |
-27.8 % |
| Lettuce (1 head) |
3.55 C$ (362.37 kr) |
4.26 C$ (434.00 kr) |
+19.8 % |
| Water (1.5 liter bottle) |
2.48 C$ (252.64 kr) |
2.88 C$ (293.62 kr) |
+16.2 % |
| Bottle of Wine (Mid-Range) |
18.00 C$ (1,835.06 kr) |
26.97 C$ (2,750.00 kr) |
+49.9 % |
| Domestic Beer (0.5 liter bottle) |
4.08 C$ (416.09 kr) |
4.31 C$ (439.70 kr) |
+5.7 % |
| Imported Beer (12 oz small bottle) |
4.39 C$ (447.17 kr) |
3.63 C$ (369.58 kr) |
-17.4 % |
| Cigarettes 20 Pack (Marlboro) |
19.00 C$ (1,937.01 kr) |
15.69 C$ (1,600.00 kr) |
-17.4 % |
Transportation | Canada Edit |
Iceland Edit | |
| One-way Ticket (Local Transport) |
3.50 C$ (356.82 kr) |
5.59 C$ (570.00 kr) |
+59.7 % |
| Monthly Pass (Regular Price) |
105.00 C$ (10,704.52 kr) |
91.22 C$ (9,300.00 kr) |
-13.1 % |
| Taxi Start (Normal Tariff) |
4.50 C$ (458.77 kr) |
7.16 C$ (730.00 kr) |
+59.1 % |
| Taxi 1 mile (Normal Tariff) |
3.30 C$ (336.38 kr) |
4.78 C$ (487.63 kr) |
+45.0 % |
| Taxi 1hour Waiting (Normal Tariff) |
39.06 C$ (3,982.08 kr) |
91.81 C$ (9,360.00 kr) |
+135.1 % |
| Gasoline (1 gallon) |
6.04 C$ (615.92 kr) |
11.56 C$ (1,178.83 kr) |
+91.4 % |
| Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) |
33,978.00 C$ (3,463,981.66 kr) |
51,889.31 C$ (5,290,000.00 kr) |
+52.7 % |
| Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) |
27,802.25 C$ (2,834,377.58 kr) |
56,645.83 C$ (5,774,916.67 kr) |
+103.7 % |
Utilities (Monthly) | Canada Edit |
Iceland Edit | |
| Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment |
211.66 C$ (21,578.50 kr) |
144.84 C$ (14,765.90 kr) |
-31.6 % |
| Mobile Phone Monthly Plan with Calls and 10GB+ Data |
65.25 C$ (6,651.96 kr) |
32.57 C$ (3,320.53 kr) |
-50.1 % |
| Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) |
85.55 C$ (8,721.22 kr) |
96.76 C$ (9,864.19 kr) |
+13.1 % |
Sports And Leisure | Canada Edit |
Iceland Edit | |
| Fitness Club, Monthly Fee for 1 Adult |
57.61 C$ (5,873.32 kr) |
86.96 C$ (8,865.14 kr) |
+50.9 % |
| Tennis Court Rent (1 Hour on Weekend) |
27.16 C$ (2,769.08 kr) |
41.67 C$ (4,248.33 kr) |
+53.4 % |
| Cinema, International Release, 1 Seat |
15.68 C$ (1,598.03 kr) |
19.62 C$ (2,000.00 kr) |
+25.2 % |
Childcare | Canada Edit |
Iceland Edit | |
| Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child |
1,130.14 C$ (115,215.66 kr) |
359.63 C$ (36,663.56 kr) |
-68.2 % |
| International Primary School, Yearly for 1 Child |
18,312.10 C$ (1,866,878.00 kr) |
7,614.19 C$ (776,250.00 kr) |
-58.4 % |
Clothing And Shoes | Canada Edit |
Iceland Edit | |
| 1 Pair of Jeans (Levis 501 Or Similar) |
79.85 C$ (8,141.00 kr) |
157.19 C$ (16,025.31 kr) |
+96.8 % |
| 1 Summer Dress in a Chain Store (Zara, H&M, ...) |
56.50 C$ (5,760.24 kr) |
68.29 C$ (6,962.11 kr) |
+20.9 % |
| 1 Pair of Nike Running Shoes (Mid-Range) |
121.30 C$ (12,366.34 kr) |
206.25 C$ (21,026.67 kr) |
+70.0 % |
| 1 Pair of Men Leather Business Shoes |
150.04 C$ (15,296.27 kr) |
236.29 C$ (24,089.05 kr) |
+57.5 % |
Rent Per Month | Canada Edit |
Iceland Edit | |
| Apartment (1 bedroom) in City Centre |
1,919.63 C$ (195,702.46 kr) |
2,380.73 C$ (242,709.63 kr) |
+24.0 % |
| Apartment (1 bedroom) Outside of Centre |
1,726.79 C$ (176,042.17 kr) |
2,119.24 C$ (216,051.36 kr) |
+22.7 % |
| Apartment (3 bedrooms) in City Centre |
3,115.29 C$ (317,596.75 kr) |
3,345.57 C$ (341,073.17 kr) |
+7.4 % |
| Apartment (3 bedrooms) Outside of Centre |
2,630.69 C$ (268,192.67 kr) |
3,030.17 C$ (308,918.92 kr) |
+15.2 % |
Buy Apartment Price | Canada Edit |
Iceland Edit | |
| Price per Square Feet to Buy Apartment in City Centre |
910.12 C$ (92,784.42 kr) |
725.60 C$ (73,973.43 kr) |
-20.3 % |
| Price per Square Feet to Buy Apartment Outside of Centre |
634.04 C$ (64,639.18 kr) |
589.00 C$ (60,047.65 kr) |
-7.1 % |
Salaries And Financing | Canada Edit |
Iceland Edit | |
| Average Monthly Net Salary (After Tax) |
3,926.34 C$ (400,281.54 kr) |
5,726.03 C$ (583,755.89 kr) |
+45.8 % |
| Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate | 7.03 | 7.37 | +4.8 % |
| Last update: | May 2024 | April 2024 | |
| Contributors in the past 12 months: | 4414 | 199 |
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