Cost of living comparison

compared to

Montreal vs. Reykjavik Cost of Living Summary

Montreal is 11.4% cheaper than Reykjavik.

Restaurants: pay 28.5% less in Montreal
Groceries: pay 2.1% less in Montreal
Transportation: pay 32.2% less in Montreal
Housing: pay 28.3% less in Montreal
Childcare: pay 76.1% more in Montreal
Entertainment and Sports: pay 30.2% less in Montreal
Clothing: pay 34.4% less in Montreal

Expenses including clothing, transportation, entertainment and sports, restaurants, housing, and groceries are lower in Montreal. Notably, childcare is significantly more expensive in Montreal.

Montreal vs. Reykjavik Cost Breakdown

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

Display currency: USD

pay 28.5% less for restaurants

	Reykjavik	Montreal
Basic meal with drink at inexpensive restaurant	$20.00 ISK2,796	$17.96 CA$25.95	-10.2%
Fast food combo meal McDonalds, or similar	$18.02 ISK2,519	$10.78 CA$15.57	-40.2%
Bottle of Coca-Cola (11 fl. oz)	$3.15 ISK441	$2.09 CA$3.03	-33.6%
Bottle of water (11 fl. oz)	$2.19 ISK305	$1.53 CA$2.21	-30.1%
Average			-28.5%

Reykjavik vs. Montreal - Cost of restaurants

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pay 2.1% less for groceries

	Reykjavik	Montreal
Bread 1 loaf	$3.61 ISK505	$3.25 CA$4.70	-9.9%
Local cheese (8 oz)	$7.76 ISK1,084	$7.59 CA$10.97	-2.2%
Milk (1 gallon)	$6.40 ISK895	$8.62 CA$12.45	+34.5%
Eggs 1 dozen	$5.76 ISK805	$3.45 CA$4.98	-40.1%
Boneless chicken breast (1 lb)	$9.45 ISK1,321	$5.61 CA$8.10	-40.6%
Apples (1 lb)	$1.40 ISK196	$1.61 CA$2.33	+15.2%
Bananas (1 lb)	$1.01 ISK141	$0.67 CA$0.97	-33.5%
Oranges (1 lb)	$1.22 ISK170	$1.95 CA$2.82	+60.5%
Tomatoes (1 lb)	$2.22 ISK311	$2.20 CA$3.17	-1.2%
Potatoes (1 lb)	$1.43 ISK201	$1.13 CA$1.63	-21.2%
Onions (1 lb)	$0.93 ISK131	$1.08 CA$1.56	+15.8%
Average			-2.1%

Reykjavik vs. Montreal - Cost of groceries

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pay 32.2% less for transportation

	Reykjavik	Montreal
Gasoline (1 gallon)	$8.50 ISK1,188	$4.61 CA$6.66	-45.8%
Monthly public transit pass	$74.95 ISK10,477	$71.85 CA$103.80	-4.1%
New Volkswagen Golf 1.4 (standard edition)	$42,450.45 ISK5,933,724	$24,412.64 CA$35,270.16	-42.5%
Taxi trip in downtown area (5 miles)	$24.05 ISK3,362	$15.29 CA$22.08	-36.4%
Average			-32.2%

Reykjavik vs. Montreal - Cost of transportation

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pay 28.3% less for housing

	Reykjavik	Montreal
Internet connection 50 mbps or faster, cable/dsl	$69.87 ISK9,766	$43.57 CA$62.95	-37.6%
1-Bedroom apartment in downtown area	$1,971.17 ISK275,530	$1,195.88 CA$1,727.75	-39.3%
1-Bedroom apartment outside city center	$1,803.44 ISK252,085	$957.38 CA$1,383.17	-46.9%
Utilities for two (700 sq ft apartment) including electric, gas, water, heating	$53.95 ISK7,542	$59.67 CA$86.20	+10.6%
Average			-28.3%

Reykjavik vs. Montreal - Cost of housing

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pay 76.1% more for childcare

	Reykjavik	Montreal
Private preschool for 1 child, monthly	$252.14 ISK35,244	$650.63 CA$939.99	+158.0%
Middle school for 1 child, two semesters	$5,993.99 ISK837,840	$5,648.39 CA$8,160.51	-5.8%
Average			+76.1%

Reykjavik vs. Montreal - Cost of childcare

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pay 30.2% less for entertainment and sports

	Reykjavik	Montreal
Domestic/local beer (1 pint)	$10.81 ISK1,511	$6.47 CA$9.34	-40.2%
Cappuccino in mid-range area	$5.31 ISK742	$3.61 CA$5.21	-32.0%
Pack of cigarettes Marlboro or similar	$12.25 ISK1,712	$11.85 CA$17.13	-3.2%
Monthly membership at local gym	$69.95 ISK9,777	$36.11 CA$52.18	-48.4%
Movie ticket to theater/cinema	$14.77 ISK2,065	$10.78 CA$15.57	-27.1%
Average			-30.2%

Reykjavik vs. Montreal - Cost of entertainment and sports

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pay 34.4% less for clothing

	Reykjavik	Montreal
Regular jeans Levi's brand	$108.97 ISK15,232	$63.65 CA$91.96	-41.6%
Regular dress from H&M or similar store	$49.72 ISK6,950	$44.65 CA$64.51	-10.2%
Running shoes Nike or Adidas	$151.85 ISK21,226	$89.18 CA$128.84	-41.3%
Men's business shoes (leather)	$194.16 ISK27,139	$107.63 CA$155.50	-44.6%
Average			-34.4%

Reykjavik vs. Montreal - 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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