Cost of living comparison
Canada is 3.5% more expensive than Iceland.
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
ISK2,675
|
$16.37
CA$23.18
|
|
|
Fast food combo meal
McDonalds, or similar
|
$16.94
ISK2,336
|
$10.01
CA$14.18
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$2.81
ISK388
|
$2.00
CA$2.83
|
|
| Bottle of water (11 fl. oz) |
$2.02
ISK279
|
$1.62
CA$2.29
|
|
pay 0.9% less for groceries
|
Iceland
|
Canada
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$2.95
ISK407
|
$2.48
CA$3.51
|
|
| Local cheese (8 oz) |
$7.27
ISK1,002
|
$5.30
CA$7.51
|
|
| Milk (1 gallon) |
$6.01
ISK828
|
$8.04
CA$11.38
|
|
|
Eggs
1 dozen
|
$5.42
ISK747
|
$3.39
CA$4.80
|
|
| Boneless chicken breast (1 lb) |
$8.51
ISK1,173
|
$5.12
CA$7.25
|
|
| Apples (1 lb) |
$1.22
ISK169
|
$1.79
CA$2.54
|
|
| Bananas (1 lb) |
$1.03
ISK142
|
$0.64
CA$0.90
|
|
| Oranges (1 lb) |
$1.17
ISK161
|
$1.60
CA$2.26
|
|
| Tomatoes (1 lb) |
$1.87
ISK258
|
$1.74
CA$2.47
|
|
| Potatoes (1 lb) |
$1.23
ISK170
|
$1.16
CA$1.64
|
|
| Onions (1 lb) |
$0.78
ISK108
|
$1.14
CA$1.62
|
|
pay 30.3% less for transportation
|
Iceland
|
Canada
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$8.36
ISK1,153
|
$4.35
CA$6.16
|
|
| Monthly public transit pass |
$71.28
ISK9,828
|
$65.88
CA$93.29
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$40,660.66
ISK5,606,292
|
$24,555.94
CA$34,774.90
|
|
| Taxi trip in downtown area (5 miles) |
$22.04
ISK3,038
|
$16.33
CA$23.13
|
|
pay 6.1% more for housing
|
Iceland
|
Canada
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$72.17
ISK9,951
|
$60.95
CA$86.32
|
|
| 1-Bedroom apartment in downtown area |
$1,838.04
ISK253,429
|
$1,220.42
CA$1,728.29
|
|
| 1-Bedroom apartment outside city center |
$1,497.77
ISK206,513
|
$1,114.36
CA$1,578.09
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$58.01
ISK7,999
|
$115.39
CA$163.41
|
|
pay 2.4 times more for childcare
|
Iceland
|
Canada
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$258.16
ISK35,596
|
$729.99
CA$1,033.77
|
|
| Middle school for 1 child, two semesters |
$5,993.99
ISK826,452
|
$12,017.58
CA$17,018.69
|
|
pay 22.1% less for entertainment and sports
|
Iceland
|
Canada
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$9.19
ISK1,267
|
$5.20
CA$7.36
|
|
| Cappuccino in mid-range area |
$4.65
ISK641
|
$3.58
CA$5.07
|
|
|
Pack of cigarettes
Marlboro or similar
|
$11.76
ISK1,621
|
$12.91
CA$18.29
|
|
| Monthly membership at local gym |
$61.46
ISK8,474
|
$42.97
CA$60.85
|
|
| Movie ticket to theater/cinema |
$14.35
ISK1,978
|
$10.95
CA$15.51
|
|
pay 43.4% less for clothing
|
Iceland
|
Canada
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$111.23
ISK15,336
|
$53.89
CA$76.31
|
|
|
Regular dress
from H&M or similar store
|
$59.69
ISK8,230
|
$39.01
CA$55.25
|
|
|
Running shoes
Nike or Adidas
|
$148.00
ISK20,406
|
$84.94
CA$120.28
|
|
| Men's business shoes (leather) |
$184.49
ISK25,438
|
$102.12
CA$144.61
|
|
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