Cost of living comparison
Reykjavik is 29.2% more expensive than Banff.
- Restaurants
-
pay 40.5% more in Reykjavik
- Groceries
-
pay 10.1% more in Reykjavik
- Transportation
-
pay 58.8% more in Reykjavik
- Housing
-
pay 48.4% more in Reykjavik
- Childcare
-
pay 70.1% less in Reykjavik
- Entertainment and Sports
-
pay 30.7% more in Reykjavik
- Clothing
-
pay 85.9% more in Reykjavik
The cost of clothing, transportation, housing, restaurants, entertainment and sports, and groceries in Reykjavik are more expensive than in Banff. Notably, clothing is significantly more expensive in Reykjavik.
If you lived in Reykjavik instead of Banff, you would:
pay 40.5% more for restaurants
|
Banff
|
Reykjavik
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$23.35
CA$33.60
|
$20.00
ISK2,689
|
|
|
Fast food combo meal
McDonalds, or similar
|
$8.62
CA$12.41
|
$18.02
ISK2,423
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$2.06
CA$2.96
|
$3.15
ISK424
|
|
| Bottle of water (11 fl. oz) |
$1.92
CA$2.76
|
$2.19
ISK294
|
|
pay 10.1% more for groceries
|
Banff
|
Reykjavik
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$2.28
CA$3.28
|
$3.61
ISK485
|
|
| Local cheese (8 oz) |
$6.10
CA$8.78
|
$7.76
ISK1,043
|
|
| Milk (1 gallon) |
$6.94
CA$9.99
|
$6.40
ISK861
|
|
|
Eggs
1 dozen
|
$3.65
CA$5.26
|
$5.76
ISK774
|
|
| Boneless chicken breast (1 lb) |
$6.57
CA$9.45
|
$9.45
ISK1,270
|
|
| Apples (1 lb) |
$1.63
CA$2.34
|
$1.40
ISK189
|
|
| Bananas (1 lb) |
$0.78
CA$1.13
|
$1.01
ISK136
|
|
| Oranges (1 lb) |
$2.31
CA$3.33
|
$1.22
ISK164
|
|
| Tomatoes (1 lb) |
$2.17
CA$3.13
|
$2.22
ISK299
|
|
| Potatoes (1 lb) |
$1.43
CA$2.05
|
$1.43
ISK193
|
|
| Onions (1 lb) |
$1.51
CA$2.18
|
$0.93
ISK126
|
|
pay 58.8% more for transportation
|
Banff
|
Reykjavik
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$3.77
CA$5.43
|
$8.50
ISK1,143
|
|
| Monthly public transit pass | ?? |
$74.95
ISK10,078
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$24,412.64
CA$35,128.57
|
$42,450.45
ISK5,707,888
|
|
| Taxi trip in downtown area (5 miles) |
$31.25
CA$44.97
|
$24.05
ISK3,234
|
|
pay 48.4% more for housing
|
Banff
|
Reykjavik
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$70.17
CA$100.97
|
$69.87
ISK9,394
|
|
| 1-Bedroom apartment in downtown area |
$790.33
CA$1,137.25
|
$1,971.17
ISK265,044
|
|
| 1-Bedroom apartment outside city center |
$862.18
CA$1,240.63
|
$1,803.44
ISK242,491
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$151.78
CA$218.40
|
$53.95
ISK7,255
|
|
pay 70.1% less for childcare
|
Banff
|
Reykjavik
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$844.22
CA$1,214.79
|
$252.14
ISK33,903
|
|
| Middle school for 1 child, two semesters | ?? |
$5,993.99
ISK805,952
|
|
pay 30.7% more for entertainment and sports
|
Banff
|
Reykjavik
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$7.18
CA$10.34
|
$10.81
ISK1,454
|
|
| Cappuccino in mid-range area |
$3.48
CA$5.01
|
$5.31
ISK713
|
|
|
Pack of cigarettes
Marlboro or similar
|
$14.37
CA$20.68
|
$12.25
ISK1,646
|
|
| Monthly membership at local gym |
$74.24
CA$106.83
|
$69.95
ISK9,405
|
|
| Movie ticket to theater/cinema |
$8.62
CA$12.41
|
$14.77
ISK1,987
|
|
pay 85.9% more for clothing
|
Banff
|
Reykjavik
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$38.32
CA$55.14
|
$108.97
ISK14,652
|
|
|
Regular dress
from H&M or similar store
|
$38.32
CA$55.14
|
$49.72
ISK6,685
|
|
|
Running shoes
Nike or Adidas
|
$101.79
CA$146.46
|
$151.85
ISK20,418
|
|
| Men's business shoes (leather) |
$107.77
CA$155.08
|
$194.16
ISK26,106
|
|
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