Cost of living comparison
Toronto is 25.9% more expensive than Reykjavik.
If you lived in Toronto instead of Reykjavik, you would:
pay 22.7% less for restaurants
|
Reykjavik
|
Toronto
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$20.00
ISK2,794
|
$20.12
CA$28.23
|
|
|
Fast food combo meal
McDonalds, or similar
|
$18.02
ISK2,517
|
$10.78
CA$15.12
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$3.15
ISK441
|
$2.20
CA$3.08
|
|
| Bottle of water (11 fl. oz) |
$2.19
ISK305
|
$1.73
CA$2.43
|
|
pay 3.0% less for groceries
|
Reykjavik
|
Toronto
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$3.61
ISK504
|
$2.82
CA$3.96
|
|
| Local cheese (8 oz) |
$7.76
ISK1,084
|
$5.64
CA$7.92
|
|
| Milk (1 gallon) |
$6.40
ISK895
|
$12.09
CA$16.96
|
|
|
Eggs
1 dozen
|
$5.76
ISK804
|
$3.38
CA$4.75
|
|
| Boneless chicken breast (1 lb) |
$9.45
ISK1,320
|
$5.59
CA$7.85
|
|
| Apples (1 lb) |
$1.40
ISK196
|
$1.76
CA$2.46
|
|
| Bananas (1 lb) |
$1.01
ISK141
|
$0.62
CA$0.86
|
|
| Oranges (1 lb) |
$1.22
ISK170
|
$1.61
CA$2.25
|
|
| Tomatoes (1 lb) |
$2.22
ISK311
|
$1.79
CA$2.51
|
|
| Potatoes (1 lb) |
$1.43
ISK200
|
$1.08
CA$1.52
|
|
| Onions (1 lb) |
$0.93
ISK130
|
$1.27
CA$1.78
|
|
pay 19.6% less for transportation
|
Reykjavik
|
Toronto
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$8.50
ISK1,187
|
$4.38
CA$6.14
|
|
| Monthly public transit pass |
$74.95
ISK10,470
|
$112.08
CA$157.28
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$42,450.45
ISK5,929,479
|
$24,490.95
CA$34,366.93
|
|
| Taxi trip in downtown area (5 miles) |
$24.05
ISK3,359
|
$15.09
CA$21.17
|
|
pay 2.1% more for housing
|
Reykjavik
|
Toronto
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$69.87
ISK9,759
|
$51.33
CA$72.03
|
|
| 1-Bedroom apartment in downtown area |
$1,971.17
ISK275,333
|
$1,807.04
CA$2,535.73
|
|
| 1-Bedroom apartment outside city center |
$1,803.44
ISK251,904
|
$1,526.54
CA$2,142.12
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$53.95
ISK7,536
|
$85.64
CA$120.18
|
|
pay 3.8 times more for childcare
|
Reykjavik
|
Toronto
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$252.14
ISK35,219
|
$1,179.39
CA$1,654.98
|
|
| Middle school for 1 child, two semesters |
$5,993.99
ISK837,241
|
$17,423.23
CA$24,449.15
|
|
pay 19.1% less for entertainment and sports
|
Reykjavik
|
Toronto
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$10.81
ISK1,510
|
$5.75
CA$8.07
|
|
| Cappuccino in mid-range area |
$5.31
ISK741
|
$4.04
CA$5.66
|
|
|
Pack of cigarettes
Marlboro or similar
|
$12.25
ISK1,710
|
$14.37
CA$20.16
|
|
| Monthly membership at local gym |
$69.95
ISK9,770
|
$49.00
CA$68.76
|
|
| Movie ticket to theater/cinema |
$14.77
ISK2,064
|
$12.93
CA$18.15
|
|
pay 35.5% less for clothing
|
Reykjavik
|
Toronto
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$108.97
ISK15,221
|
$59.77
CA$83.87
|
|
|
Regular dress
from H&M or similar store
|
$49.72
ISK6,945
|
$39.77
CA$55.81
|
|
|
Running shoes
Nike or Adidas
|
$151.85
ISK21,211
|
$95.97
CA$134.66
|
|
| Men's business shoes (leather) |
$194.16
ISK27,120
|
$116.44
CA$163.39
|
|
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