Cost of living comparison

compared to

Reykjavik vs. Montreal Cost of Living Summary

Reykjavik is 34.5% more expensive than Montreal.

Restaurants: pay 43.0% more in Reykjavik
Groceries: pay 12.4% more in Reykjavik
Transportation: pay 55.0% more in Reykjavik
Housing: pay 51.0% more in Reykjavik
Childcare: pay 27.6% less in Reykjavik
Entertainment and Sports: pay 49.7% more in Reykjavik
Clothing: pay 58.3% more in Reykjavik

The cost of clothing, transportation, housing, entertainment and sports, restaurants, and groceries in Reykjavik are more expensive than in Montreal.

Reykjavik vs. Montreal Cost Breakdown

If you lived in Reykjavik instead of Montreal, you would:

Display currency: USD

pay 43.0% more for restaurants

	Montreal	Reykjavik
Basic meal with drink at inexpensive restaurant	$17.96 CA$25.90	$20.00 ISK2,772	+11.3%
Fast food combo meal McDonalds, or similar	$10.78 CA$15.54	$18.02 ISK2,498	+67.2%
Bottle of Coca-Cola (11 fl. oz)	$2.09 CA$3.02	$3.15 ISK437	+50.6%
Bottle of water (11 fl. oz)	$1.53 CA$2.20	$2.19 ISK303	+43.0%
Average			+43.0%

Montreal vs. Reykjavik - Cost of restaurants

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pay 12.4% more for groceries

	Montreal	Reykjavik
Bread 1 loaf	$3.25 CA$4.69	$3.61 ISK500	+11.0%
Local cheese (8 oz)	$7.59 CA$10.94	$7.76 ISK1,075	+2.2%
Milk (1 gallon)	$8.62 CA$12.42	$6.40 ISK888	-25.7%
Eggs 1 dozen	$3.45 CA$4.97	$5.76 ISK798	+67.0%
Boneless chicken breast (1 lb)	$5.61 CA$8.09	$9.45 ISK1,310	+68.4%
Apples (1 lb)	$1.61 CA$2.33	$1.40 ISK194	-13.2%
Bananas (1 lb)	$0.67 CA$0.97	$1.01 ISK140	+50.4%
Oranges (1 lb)	$1.95 CA$2.82	$1.22 ISK169	-37.7%
Tomatoes (1 lb)	$2.20 CA$3.17	$2.22 ISK308	+1.3%
Potatoes (1 lb)	$1.13 CA$1.63	$1.43 ISK199	+26.8%
Onions (1 lb)	$1.08 CA$1.56	$0.93 ISK129	-13.6%
Average			+12.4%

Montreal vs. Reykjavik - Cost of groceries

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pay 55.0% more for transportation

	Montreal	Reykjavik
Gasoline (1 gallon)	$4.61 CA$6.65	$8.50 ISK1,178	+84.4%
Monthly public transit pass	$71.85 CA$103.60	$74.95 ISK10,390	+4.3%
New Volkswagen Golf 1.4 (standard edition)	$24,412.64 CA$35,201.81	$42,450.45 ISK5,884,481	+73.9%
Taxi trip in downtown area (5 miles)	$15.29 CA$22.04	$24.05 ISK3,334	+57.3%
Average			+55.0%

Montreal vs. Reykjavik - Cost of transportation

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pay 51.0% more for housing

	Montreal	Reykjavik
Internet connection 50 mbps or faster, cable/dsl	$43.57 CA$62.83	$69.87 ISK9,685	+60.3%
1-Bedroom apartment in downtown area	$1,195.88 CA$1,724.41	$1,971.17 ISK273,244	+64.8%
1-Bedroom apartment outside city center	$957.38 CA$1,380.49	$1,803.44 ISK249,993	+88.4%
Utilities for two (700 sq ft apartment) including electric, gas, water, heating	$59.67 CA$86.03	$53.95 ISK7,479	-9.6%
Average			+51.0%

Montreal vs. Reykjavik - Cost of housing

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pay 27.6% less for childcare

	Montreal	Reykjavik
Private preschool for 1 child, monthly	$650.63 CA$938.17	$252.14 ISK34,952	-61.2%
Middle school for 1 child, two semesters	$5,648.39 CA$8,144.69	$5,993.99 ISK830,887	+6.1%
Average			-27.6%

Montreal vs. Reykjavik - Cost of childcare

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pay 49.7% more for entertainment and sports

	Montreal	Reykjavik
Domestic/local beer (1 pint)	$6.47 CA$9.32	$10.81 ISK1,499	+67.2%
Cappuccino in mid-range area	$3.61 CA$5.20	$5.31 ISK735	+47.2%
Pack of cigarettes Marlboro or similar	$11.85 CA$17.09	$12.25 ISK1,697	+3.3%
Monthly membership at local gym	$36.11 CA$52.07	$69.95 ISK9,696	+93.7%
Movie ticket to theater/cinema	$10.78 CA$15.54	$14.77 ISK2,048	+37.1%
Average			+49.7%

Montreal vs. Reykjavik - Cost of entertainment and sports

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pay 58.3% more for clothing

	Montreal	Reykjavik
Regular jeans Levi's brand	$63.65 CA$91.78	$108.97 ISK15,106	+71.2%
Regular dress from H&M or similar store	$44.65 CA$64.39	$49.72 ISK6,892	+11.3%
Running shoes Nike or Adidas	$89.18 CA$128.59	$151.85 ISK21,050	+70.3%
Men's business shoes (leather)	$107.63 CA$155.20	$194.16 ISK26,914	+80.4%
Average			+58.3%

Montreal vs. Reykjavik - Cost of clothing

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The statistics used to build this comparison are calculated using data from users just like you. We average the price of thousands of data points entered by users across the world. Learn more about our data sources. Page last updated: January 2025

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