Cost of Living Comparison Between Iceland and Canada 
| Indices Difference |  |
|---|---|
| Consumer Prices in Canada are 20.8% lower than in Iceland (without rent) | |
| Consumer Prices Including Rent in Canada are 18.4% lower than in Iceland | |
| Rent Prices in Canada are 12.8% lower than in Iceland | |
| Restaurant Prices in Canada are 28.1% lower than in Iceland | |
| Groceries Prices in Canada are 18.7% lower than in Iceland | |
| Local Purchasing Power in Canada is 15.0% lower than in Iceland | |
Restaurants | Iceland Edit |
Canada Edit | Difference |
|---|---|---|---|
| Meal, Inexpensive Restaurant |
3,000.00 kr (29.24 C$) |
2,565.37 kr (25.00 C$) |
-14.5 % |
| Meal for 2 People, Mid-range Restaurant, Three-course |
16,407.80 kr (159.90 C$) |
10,261.49 kr (100.00 C$) |
-37.5 % |
| McMeal at McDonalds (or Equivalent Combo Meal) |
2,299.00 kr (22.40 C$) |
1,487.92 kr (14.50 C$) |
-35.3 % |
| Domestic Beer (1 pint draught) |
1,400.00 kr (13.64 C$) |
820.92 kr (8.00 C$) |
-41.4 % |
| Imported Beer (12 oz small bottle) |
1,200.00 kr (11.69 C$) |
820.92 kr (8.00 C$) |
-31.6 % |
| Cappuccino (regular) |
676.92 kr (6.60 C$) |
524.12 kr (5.11 C$) |
-22.6 % |
| Coke/Pepsi (12 oz small bottle) |
392.09 kr (3.82 C$) |
294.16 kr (2.87 C$) |
-25.0 % |
| Water (12 oz small bottle) |
290.70 kr (2.83 C$) |
241.17 kr (2.35 C$) |
-17.0 % |
Markets | Iceland Edit |
Canada Edit | |
| Milk (regular), (1 gallon) |
842.21 kr (8.21 C$) |
1,142.49 kr (11.13 C$) |
+35.7 % |
| Loaf of Fresh White Bread (1 lb) |
436.03 kr (4.25 C$) |
336.25 kr (3.28 C$) |
-22.9 % |
| Rice (white), (1 lb) |
198.49 kr (1.93 C$) |
235.64 kr (2.30 C$) |
+18.7 % |
| Eggs (regular) (12) |
795.53 kr (7.75 C$) |
485.29 kr (4.73 C$) |
-39.0 % |
| Local Cheese (1 lb) |
916.39 kr (8.93 C$) |
731.71 kr (7.13 C$) |
-20.2 % |
| Chicken Fillets (1 lb) |
1,168.50 kr (11.39 C$) |
775.98 kr (7.56 C$) |
-33.6 % |
| Beef Round (1 lb) (or Equivalent Back Leg Red Meat) |
1,944.92 kr (18.95 C$) |
917.09 kr (8.94 C$) |
-52.8 % |
| Apples (1 lb) |
197.02 kr (1.92 C$) |
267.38 kr (2.61 C$) |
+35.7 % |
| Banana (1 lb) |
139.19 kr (1.36 C$) |
90.42 kr (0.88 C$) |
-35.0 % |
| Oranges (1 lb) |
171.22 kr (1.67 C$) |
241.70 kr (2.36 C$) |
+41.2 % |
| Tomato (1 lb) |
292.63 kr (2.85 C$) |
265.81 kr (2.59 C$) |
-9.2 % |
| Potato (1 lb) |
192.77 kr (1.88 C$) |
166.48 kr (1.62 C$) |
-13.6 % |
| Onion (1 lb) |
120.38 kr (1.17 C$) |
167.45 kr (1.63 C$) |
+39.1 % |
| Lettuce (1 head) |
434.00 kr (4.23 C$) |
364.60 kr (3.55 C$) |
-16.0 % |
| Water (1.5 liter bottle) |
293.65 kr (2.86 C$) |
251.86 kr (2.45 C$) |
-14.2 % |
| Bottle of Wine (Mid-Range) |
2,750.00 kr (26.80 C$) |
1,847.07 kr (18.00 C$) |
-32.8 % |
| Domestic Beer (0.5 liter bottle) |
439.70 kr (4.28 C$) |
419.27 kr (4.09 C$) |
-4.6 % |
| Imported Beer (12 oz small bottle) |
369.58 kr (3.60 C$) |
449.56 kr (4.38 C$) |
+21.6 % |
| Cigarettes 20 Pack (Marlboro) |
1,600.00 kr (15.59 C$) |
1,949.68 kr (19.00 C$) |
+21.9 % |
Transportation | Iceland Edit |
Canada Edit | |
| One-way Ticket (Local Transport) |
570.00 kr (5.55 C$) |
359.15 kr (3.50 C$) |
-37.0 % |
| Monthly Pass (Regular Price) |
9,300.00 kr (90.63 C$) |
10,774.56 kr (105.00 C$) |
+15.9 % |
| Taxi Start (Normal Tariff) |
730.00 kr (7.11 C$) |
461.77 kr (4.50 C$) |
-36.7 % |
| Taxi 1 mile (Normal Tariff) |
521.43 kr (5.08 C$) |
338.59 kr (3.30 C$) |
-35.1 % |
| Taxi 1hour Waiting (Normal Tariff) |
9,360.00 kr (91.21 C$) |
4,008.14 kr (39.06 C$) |
-57.2 % |
| Gasoline (1 gallon) |
1,176.34 kr (11.46 C$) |
620.60 kr (6.05 C$) |
-47.2 % |
| Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) |
5,195,000.00 kr (50,626.18 C$) |
3,486,648.82 kr (33,978.00 C$) |
-32.9 % |
| Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) |
5,855,642.86 kr (57,064.26 C$) |
2,853,868.99 kr (27,811.45 C$) |
-51.3 % |
Utilities (Monthly) | Iceland Edit |
Canada Edit | |
| Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment |
14,769.74 kr (143.93 C$) |
21,895.02 kr (213.37 C$) |
+48.2 % |
| Mobile Phone Monthly Plan with Calls and 10GB+ Data |
3,320.53 kr (32.36 C$) |
6,680.45 kr (65.10 C$) |
+101.2 % |
| Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) |
9,863.70 kr (96.12 C$) |
8,786.44 kr (85.63 C$) |
-10.9 % |
Sports And Leisure | Iceland Edit |
Canada Edit | |
| Fitness Club, Monthly Fee for 1 Adult |
8,865.14 kr (86.39 C$) |
5,963.72 kr (58.12 C$) |
-32.7 % |
| Tennis Court Rent (1 Hour on Weekend) |
4,248.33 kr (41.40 C$) |
2,772.46 kr (27.02 C$) |
-34.7 % |
| Cinema, International Release, 1 Seat |
2,000.00 kr (19.49 C$) |
1,608.49 kr (15.68 C$) |
-19.6 % |
Childcare | Iceland Edit |
Canada Edit | |
| Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child |
37,538.56 kr (365.82 C$) |
115,922.14 kr (1,129.68 C$) |
+208.8 % |
| International Primary School, Yearly for 1 Child |
776,250.00 kr (7,564.69 C$) |
1,879,094.24 kr (18,312.10 C$) |
+142.1 % |
Clothing And Shoes | Iceland Edit |
Canada Edit | |
| 1 Pair of Jeans (Levis 501 Or Similar) |
16,213.77 kr (158.01 C$) |
8,188.37 kr (79.80 C$) |
-49.5 % |
| 1 Summer Dress in a Chain Store (Zara, H&M, ...) |
7,093.68 kr (69.13 C$) |
5,804.86 kr (56.57 C$) |
-18.2 % |
| 1 Pair of Nike Running Shoes (Mid-Range) |
20,993.55 kr (204.59 C$) |
12,446.64 kr (121.29 C$) |
-40.7 % |
| 1 Pair of Men Leather Business Shoes |
24,857.73 kr (242.24 C$) |
15,460.63 kr (150.67 C$) |
-37.8 % |
Rent Per Month | Iceland Edit |
Canada Edit | |
| Apartment (1 bedroom) in City Centre |
242,718.89 kr (2,365.34 C$) |
196,869.50 kr (1,918.53 C$) |
-18.9 % |
| Apartment (1 bedroom) Outside of Centre |
216,067.94 kr (2,105.62 C$) |
177,585.96 kr (1,730.61 C$) |
-17.8 % |
| Apartment (3 bedrooms) in City Centre |
341,073.17 kr (3,323.82 C$) |
321,162.41 kr (3,129.78 C$) |
-5.8 % |
| Apartment (3 bedrooms) Outside of Centre |
308,684.21 kr (3,008.18 C$) |
270,351.66 kr (2,634.62 C$) |
-12.4 % |
Buy Apartment Price | Iceland Edit |
Canada Edit | |
| Price per Square Feet to Buy Apartment in City Centre |
74,530.04 kr (726.31 C$) |
93,387.55 kr (910.08 C$) |
+25.3 % |
| Price per Square Feet to Buy Apartment Outside of Centre |
60,272.40 kr (587.37 C$) |
65,446.37 kr (637.79 C$) |
+8.6 % |
Salaries And Financing | Iceland Edit |
Canada Edit | |
| Average Monthly Net Salary (After Tax) |
580,547.94 kr (5,657.54 C$) |
402,766.48 kr (3,925.03 C$) |
-30.6 % |
| Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate | 7.37 | 7.02 | -4.8 % |
| Last update: | April 2024 | April 2024 | |
| Contributors in the past 12 months: | 199 | 4469 |
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