Cost of living comparison
Iceland is 24.4% more expensive than Canada overall.
- Restaurants
-
pay 38.4% more in Iceland
- Groceries
-
pay 13.0% more in Iceland
- Transportation
-
pay 50.3% more in Iceland
- Housing
-
pay 13.4% more in Iceland
- Childcare
-
pay 57.3% less in Iceland
- Entertainment and Sports
-
pay 34.3% more in Iceland
- Clothing
-
pay 78.6% more in Iceland
The cost of clothing, transportation, restaurants, entertainment and sports, housing, and groceries in Iceland are more expensive than in Canada. Notably, clothing is significantly more expensive in Iceland.
If you lived in Iceland instead of Canada, you would:
pay 38.4% more for restaurants
|
Canada
|
Iceland
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$16.37
CA$23.54
|
$19.40
ISK2,552
|
|
|
Fast food combo meal
McDonalds, or similar
|
$10.01
CA$14.40
|
$16.94
ISK2,229
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$2.00
CA$2.87
|
$2.81
ISK370
|
|
| Bottle of water (11 fl. oz) |
$1.62
CA$2.32
|
$2.02
ISK266
|
|
pay 13.0% more for groceries
|
Canada
|
Iceland
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$2.48
CA$3.57
|
$2.95
ISK389
|
|
| Local cheese (8 oz) |
$5.30
CA$7.62
|
$7.27
ISK956
|
|
| Milk (1 gallon) |
$8.04
CA$11.56
|
$6.01
ISK790
|
|
|
Eggs
1 dozen
|
$3.39
CA$4.88
|
$5.42
ISK713
|
|
| Boneless chicken breast (1 lb) |
$5.12
CA$7.37
|
$8.51
ISK1,119
|
|
| Apples (1 lb) |
$1.79
CA$2.57
|
$1.22
ISK161
|
|
| Bananas (1 lb) |
$0.64
CA$0.91
|
$1.03
ISK135
|
|
| Oranges (1 lb) |
$1.60
CA$2.29
|
$1.17
ISK154
|
|
| Tomatoes (1 lb) |
$1.74
CA$2.51
|
$1.87
ISK246
|
|
| Potatoes (1 lb) |
$1.16
CA$1.66
|
$1.23
ISK162
|
|
| Onions (1 lb) |
$1.14
CA$1.64
|
$0.78
ISK103
|
|
pay 50.3% more for transportation
|
Canada
|
Iceland
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$4.35
CA$6.25
|
$8.36
ISK1,100
|
|
| Monthly public transit pass |
$65.88
CA$94.74
|
$71.28
ISK9,379
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$24,555.94
CA$35,315.13
|
$40,660.66
ISK5,350,130
|
|
| Taxi trip in downtown area (5 miles) |
$16.33
CA$23.49
|
$22.04
ISK2,900
|
|
pay 13.4% more for housing
|
Canada
|
Iceland
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$60.95
CA$87.66
|
$72.17
ISK9,497
|
|
| 1-Bedroom apartment in downtown area |
$1,220.42
CA$1,755.14
|
$1,838.04
ISK241,849
|
|
| 1-Bedroom apartment outside city center |
$1,114.36
CA$1,602.61
|
$1,497.77
ISK197,077
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$115.39
CA$165.94
|
$58.01
ISK7,634
|
|
pay 57.3% less for childcare
|
Canada
|
Iceland
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$729.99
CA$1,049.83
|
$258.16
ISK33,969
|
|
| Middle school for 1 child, two semesters |
$12,017.58
CA$17,283.08
|
$5,993.99
ISK788,690
|
|
pay 34.3% more for entertainment and sports
|
Canada
|
Iceland
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$5.20
CA$7.48
|
$9.19
ISK1,209
|
|
| Cappuccino in mid-range area |
$3.58
CA$5.15
|
$4.65
ISK612
|
|
|
Pack of cigarettes
Marlboro or similar
|
$12.91
CA$18.57
|
$11.76
ISK1,547
|
|
| Monthly membership at local gym |
$42.97
CA$61.80
|
$61.46
ISK8,087
|
|
| Movie ticket to theater/cinema |
$10.95
CA$15.75
|
$14.35
ISK1,888
|
|
pay 78.6% more for clothing
|
Canada
|
Iceland
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$53.89
CA$77.50
|
$111.23
ISK14,636
|
|
|
Regular dress
from H&M or similar store
|
$39.01
CA$56.11
|
$59.69
ISK7,854
|
|
|
Running shoes
Nike or Adidas
|
$84.94
CA$122.15
|
$148.00
ISK19,474
|
|
| Men's business shoes (leather) |
$102.12
CA$146.86
|
$184.49
ISK24,276
|
|
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