Cost of living comparison
Canada is 3.5% more expensive than Iceland overall.
- Restaurants
-
pay 26.4% less in Canada
- Groceries
-
pay 0.9% less in Canada
- Transportation
-
pay 30.3% less in Canada
- Housing
-
pay 6.1% more in Canada
- Childcare
-
pay 2.4 times more in Canada
- Entertainment and Sports
-
pay 22.1% less in Canada
- Clothing
-
pay 43.4% less in Canada
The cost of childcare and housing in Canada are more expensive than in Iceland. Expenses including clothing, transportation, restaurants, entertainment and sports, and groceries are lower in Canada. Notably, childcare is significantly more expensive in Canada.
If you lived in Canada instead of Iceland, you would:
pay 26.4% less for restaurants
|
Iceland
|
Canada
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$19.40
ISK2,552
|
$16.37
CA$23.54
|
|
|
Fast food combo meal
McDonalds, or similar
|
$16.94
ISK2,229
|
$10.01
CA$14.40
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$2.81
ISK370
|
$2.00
CA$2.87
|
|
| Bottle of water (11 fl. oz) |
$2.02
ISK266
|
$1.62
CA$2.32
|
|
pay 0.9% less for groceries
|
Iceland
|
Canada
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$2.95
ISK389
|
$2.48
CA$3.57
|
|
| Local cheese (8 oz) |
$7.27
ISK956
|
$5.30
CA$7.62
|
|
| Milk (1 gallon) |
$6.01
ISK790
|
$8.04
CA$11.56
|
|
|
Eggs
1 dozen
|
$5.42
ISK713
|
$3.39
CA$4.88
|
|
| Boneless chicken breast (1 lb) |
$8.51
ISK1,119
|
$5.12
CA$7.37
|
|
| Apples (1 lb) |
$1.22
ISK161
|
$1.79
CA$2.57
|
|
| Bananas (1 lb) |
$1.03
ISK135
|
$0.64
CA$0.91
|
|
| Oranges (1 lb) |
$1.17
ISK154
|
$1.60
CA$2.29
|
|
| Tomatoes (1 lb) |
$1.87
ISK246
|
$1.74
CA$2.51
|
|
| Potatoes (1 lb) |
$1.23
ISK162
|
$1.16
CA$1.66
|
|
| Onions (1 lb) |
$0.78
ISK103
|
$1.14
CA$1.64
|
|
pay 30.3% less for transportation
|
Iceland
|
Canada
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$8.36
ISK1,100
|
$4.35
CA$6.25
|
|
| Monthly public transit pass |
$71.28
ISK9,379
|
$65.88
CA$94.74
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$40,660.66
ISK5,350,130
|
$24,555.94
CA$35,315.13
|
|
| Taxi trip in downtown area (5 miles) |
$22.04
ISK2,900
|
$16.33
CA$23.49
|
|
pay 6.1% more for housing
|
Iceland
|
Canada
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$72.17
ISK9,497
|
$60.95
CA$87.66
|
|
| 1-Bedroom apartment in downtown area |
$1,838.04
ISK241,849
|
$1,220.42
CA$1,755.14
|
|
| 1-Bedroom apartment outside city center |
$1,497.77
ISK197,077
|
$1,114.36
CA$1,602.61
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$58.01
ISK7,634
|
$115.39
CA$165.94
|
|
pay 2.4 times more for childcare
|
Iceland
|
Canada
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$258.16
ISK33,969
|
$729.99
CA$1,049.83
|
|
| Middle school for 1 child, two semesters |
$5,993.99
ISK788,690
|
$12,017.58
CA$17,283.08
|
|
pay 22.1% less for entertainment and sports
|
Iceland
|
Canada
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$9.19
ISK1,209
|
$5.20
CA$7.48
|
|
| Cappuccino in mid-range area |
$4.65
ISK612
|
$3.58
CA$5.15
|
|
|
Pack of cigarettes
Marlboro or similar
|
$11.76
ISK1,547
|
$12.91
CA$18.57
|
|
| Monthly membership at local gym |
$61.46
ISK8,087
|
$42.97
CA$61.80
|
|
| Movie ticket to theater/cinema |
$14.35
ISK1,888
|
$10.95
CA$15.75
|
|
pay 43.4% less for clothing
|
Iceland
|
Canada
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$111.23
ISK14,636
|
$53.89
CA$77.50
|
|
|
Regular dress
from H&M or similar store
|
$59.69
ISK7,854
|
$39.01
CA$56.11
|
|
|
Running shoes
Nike or Adidas
|
$148.00
ISK19,474
|
$84.94
CA$122.15
|
|
| Men's business shoes (leather) |
$184.49
ISK24,276
|
$102.12
CA$146.86
|
|
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