Cost of living comparison
Toronto is 30.4% more expensive than Reykjavik.
If you lived in Toronto instead of Reykjavik, you would:
pay 24.5% less for restaurants
|
Reykjavik
|
Toronto
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$21.59
ISK2,967
|
$18.35
CA$25.63
|
|
|
Fast food combo meal
McDonalds, or similar
|
$17.27
ISK2,374
|
$11.01
CA$15.38
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$2.90
ISK399
|
$2.17
CA$3.03
|
|
| Bottle of water (11 fl. oz) |
$2.07
ISK285
|
$1.63
CA$2.27
|
|
pay 1.3% less for groceries
|
Reykjavik
|
Toronto
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$3.68
ISK506
|
$2.84
CA$3.97
|
|
| Local cheese (8 oz) |
$7.66
ISK1,052
|
$5.77
CA$8.06
|
|
| Milk (1 gallon) |
$6.16
ISK847
|
$11.65
CA$16.27
|
|
|
Eggs
1 dozen
|
$5.91
ISK813
|
$3.58
CA$5.00
|
|
| Boneless chicken breast (1 lb) |
$8.87
ISK1,220
|
$5.77
CA$8.06
|
|
| Apples (1 lb) |
$1.53
ISK210
|
$1.77
CA$2.47
|
|
| Bananas (1 lb) |
$0.97
ISK133
|
$0.69
CA$0.96
|
|
| Oranges (1 lb) |
$1.26
ISK173
|
$1.80
CA$2.52
|
|
| Tomatoes (1 lb) |
$2.23
ISK306
|
$1.71
CA$2.38
|
|
| Potatoes (1 lb) |
$1.42
ISK195
|
$1.22
CA$1.70
|
|
| Onions (1 lb) |
$1.01
ISK139
|
$1.28
CA$1.78
|
|
pay 14.0% less for transportation
|
Reykjavik
|
Toronto
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$8.57
ISK1,179
|
$4.50
CA$6.28
|
|
| Monthly public transit pass |
$66.92
ISK9,198
|
$114.49
CA$159.91
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$41,660.67
ISK5,726,259
|
$25,209.07
CA$35,210.76
|
|
| Taxi trip in downtown area (5 miles) |
$23.30
ISK3,202
|
$13.94
CA$19.48
|
|
pay 2.7% more for housing
|
Reykjavik
|
Toronto
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$68.45
ISK9,408
|
$53.81
CA$75.15
|
|
| 1-Bedroom apartment in downtown area |
$1,864.13
ISK256,225
|
$1,853.23
CA$2,588.50
|
|
| 1-Bedroom apartment outside city center |
$1,666.20
ISK229,019
|
$1,580.15
CA$2,207.08
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$64.43
ISK8,856
|
$88.91
CA$124.18
|
|
pay 3.9 times more for childcare
|
Reykjavik
|
Toronto
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$240.37
ISK33,039
|
$1,147.29
CA$1,602.48
|
|
| Middle school for 1 child, two semesters |
$5,984.07
ISK822,511
|
$18,322.57
CA$25,592.05
|
|
pay 14.2% less for entertainment and sports
|
Reykjavik
|
Toronto
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$10.79
ISK1,483
|
$5.87
CA$8.20
|
|
| Cappuccino in mid-range area |
$5.09
ISK699
|
$3.99
CA$5.57
|
|
|
Pack of cigarettes
Marlboro or similar
|
$11.87
ISK1,632
|
$14.68
CA$20.50
|
|
| Monthly membership at local gym |
$65.50
ISK9,003
|
$53.05
CA$74.10
|
|
| Movie ticket to theater/cinema |
$14.39
ISK1,978
|
$13.21
CA$18.45
|
|
pay 28.0% less for clothing
|
Reykjavik
|
Toronto
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$103.94
ISK14,287
|
$61.87
CA$86.42
|
|
|
Regular dress
from H&M or similar store
|
$43.50
ISK5,978
|
$37.66
CA$52.60
|
|
|
Running shoes
Nike or Adidas
|
$141.47
ISK19,445
|
$101.68
CA$142.02
|
|
| Men's business shoes (leather) |
$174.65
ISK24,006
|
$122.37
CA$170.91
|
|
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