Cost of living comparison

 Ottawa, Canada
compared to
 Keflavik, Iceland
Keflavik vs. Ottawa Cost of Living Summary

Keflavik is 7.8% more expensive than Ottawa.

Restaurants
pay 31.8% more in Keflavik
Groceries
pay 1.6% more in Keflavik
Transportation
pay 48.4% more in Keflavik
Housing
pay 19.2% less in Keflavik
Childcare
pay 72.3% less in Keflavik
Entertainment and Sports
pay 11.9% more in Keflavik
Clothing
pay 52.4% more in Keflavik

The cost of clothing, transportation, restaurants, entertainment and sports, and groceries in Keflavik are more expensive than in Ottawa. Expenses including childcare and housing are lower in Keflavik.

Keflavik vs. Ottawa Cost Breakdown

If you lived in Keflavik instead of Ottawa, you would:

pay 31.8% more for restaurants

 
Ottawa
Keflavik
Basic meal with drink at inexpensive restaurant $17.96
CA$24.86
$20.00
ISK2,552
Fast food combo meal
McDonalds, or similar
$10.78
CA$14.92
$15.10
ISK1,927
Bottle of Coca-Cola (11 fl. oz) $2.17
CA$3.00
$2.88
ISK368

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pay 1.6% more for groceries

 
Ottawa
Keflavik
Bread
1 loaf
$2.65
CA$3.67
$3.61
ISK461
Local cheese (8 oz) $6.28
CA$8.69
$7.76
ISK990
Milk (1 gallon) $9.92
CA$13.74
$6.40
ISK817

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pay 48.4% more for transportation

 
Ottawa
Keflavik
Gasoline (1 gallon) $4.15
CA$5.74
$8.49
ISK1,083
Monthly public transit pass $92.50
CA$128.04
$80.36
ISK10,255
New Volkswagen Golf 1.4 (standard edition) $24,412.64
CA$33,790.41
$42,450.45
ISK5,417,102

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pay 19.2% less for housing

 
Ottawa
Keflavik
Internet connection
50 mbps or faster, cable/dsl
$50.21
CA$69.50
$64.86
ISK8,277
1-Bedroom apartment in downtown area $1,425.51
CA$1,973.10
$1,345.35
ISK171,680
1-Bedroom apartment outside city center $1,269.57
CA$1,757.25
$960.96
ISK122,628

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pay 72.3% less for childcare

 
Ottawa
Keflavik
Private preschool for 1 child, monthly $999.72
CA$1,383.75
$252.14
ISK32,176
Middle school for 1 child, two semesters $19,936.07
CA$27,594.24
$5,993.99
ISK764,894

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pay 11.9% more for entertainment and sports

 
Ottawa
Keflavik
Domestic/local beer (1 pint) $5.75
CA$7.96
$7.57
ISK966
Cappuccino in mid-range area $3.71
CA$5.14
$3.57
ISK455
Pack of cigarettes
Marlboro or similar
$12.93
CA$17.90
$10.77
ISK1,375

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pay 52.4% more for clothing

 
Ottawa
Keflavik
Regular jeans
Levi's brand
$57.20
CA$79.17
$108.97
ISK13,906
Regular dress
from H&M or similar store
$44.39
CA$61.44
$49.72
ISK6,345
Running shoes
Nike or Adidas
$97.78
CA$135.34
$151.85
ISK19,378

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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: April 2025
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See the cost of living in Canada vs. Iceland. This provides a comparison of the average cost of living from cities within Canada and Iceland.

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