Cost of living comparison
Banff is 21.8% more expensive than Reykjavik.
- Restaurants
-
pay 20.6% less in Banff
- Groceries
-
pay 2.4% more in Banff
- Transportation
-
pay 22.7% less in Banff
- Housing
-
pay 17.4% more in Banff
- Childcare
-
pay 3.3 times more in Banff
- Entertainment and Sports
-
pay 17.2% less in Banff
- Clothing
-
pay 41.3% less in Banff
The cost of childcare, housing, and groceries in Banff are more expensive than in Reykjavik. Expenses including clothing, transportation, restaurants, and entertainment and sports are lower in Banff. Notably, childcare is significantly more expensive in Banff.
If you lived in Banff instead of Reykjavik, you would:
pay 20.6% less for restaurants
|
Reykjavik
|
Banff
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$20.00
ISK2,689
|
$23.35
CA$33.60
|
|
|
Fast food combo meal
McDonalds, or similar
|
$18.02
ISK2,423
|
$8.62
CA$12.41
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$3.15
ISK424
|
$2.06
CA$2.96
|
|
| Bottle of water (11 fl. oz) |
$2.19
ISK294
|
$1.92
CA$2.76
|
|
pay 2.4% more for groceries
|
Reykjavik
|
Banff
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$3.61
ISK485
|
$2.28
CA$3.28
|
|
| Local cheese (8 oz) |
$7.76
ISK1,043
|
$6.10
CA$8.78
|
|
| Milk (1 gallon) |
$6.40
ISK861
|
$6.94
CA$9.99
|
|
|
Eggs
1 dozen
|
$5.76
ISK774
|
$3.65
CA$5.26
|
|
| Boneless chicken breast (1 lb) |
$9.45
ISK1,270
|
$6.57
CA$9.45
|
|
| Apples (1 lb) |
$1.40
ISK189
|
$1.63
CA$2.34
|
|
| Bananas (1 lb) |
$1.01
ISK136
|
$0.78
CA$1.13
|
|
| Oranges (1 lb) |
$1.22
ISK164
|
$2.31
CA$3.33
|
|
| Tomatoes (1 lb) |
$2.22
ISK299
|
$2.17
CA$3.13
|
|
| Potatoes (1 lb) |
$1.43
ISK193
|
$1.43
CA$2.05
|
|
| Onions (1 lb) |
$0.93
ISK126
|
$1.51
CA$2.18
|
|
pay 22.7% less for transportation
|
Reykjavik
|
Banff
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$8.50
ISK1,143
|
$3.77
CA$5.43
|
|
| Monthly public transit pass |
$74.95
ISK10,078
|
?? | |
| New Volkswagen Golf 1.4 (standard edition) |
$42,450.45
ISK5,707,888
|
$24,412.64
CA$35,128.57
|
|
| Taxi trip in downtown area (5 miles) |
$24.05
ISK3,234
|
$31.25
CA$44.97
|
|
pay 17.4% more for housing
|
Reykjavik
|
Banff
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$69.87
ISK9,394
|
$70.17
CA$100.97
|
|
| 1-Bedroom apartment in downtown area |
$1,971.17
ISK265,044
|
$790.33
CA$1,137.25
|
|
| 1-Bedroom apartment outside city center |
$1,803.44
ISK242,491
|
$862.18
CA$1,240.63
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$53.95
ISK7,255
|
$151.78
CA$218.40
|
|
pay 3.3 times more for childcare
|
Reykjavik
|
Banff
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$252.14
ISK33,903
|
$844.22
CA$1,214.79
|
|
| Middle school for 1 child, two semesters |
$5,993.99
ISK805,952
|
?? | |
pay 17.2% less for entertainment and sports
|
Reykjavik
|
Banff
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$10.81
ISK1,454
|
$7.18
CA$10.34
|
|
| Cappuccino in mid-range area |
$5.31
ISK713
|
$3.48
CA$5.01
|
|
|
Pack of cigarettes
Marlboro or similar
|
$12.25
ISK1,646
|
$14.37
CA$20.68
|
|
| Monthly membership at local gym |
$69.95
ISK9,405
|
$74.24
CA$106.83
|
|
| Movie ticket to theater/cinema |
$14.77
ISK1,987
|
$8.62
CA$12.41
|
|
pay 41.3% less for clothing
|
Reykjavik
|
Banff
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$108.97
ISK14,652
|
$38.32
CA$55.14
|
|
|
Regular dress
from H&M or similar store
|
$49.72
ISK6,685
|
$38.32
CA$55.14
|
|
|
Running shoes
Nike or Adidas
|
$151.85
ISK20,418
|
$101.79
CA$146.46
|
|
| Men's business shoes (leather) |
$194.16
ISK26,106
|
$107.77
CA$155.08
|
|
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