Cost of living comparison
Reykjavik is 12.6% more expensive than Toronto.
If you lived in Reykjavik instead of Toronto, you would:
pay 33.9% more for restaurants
|
Toronto
|
Reykjavik
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$18.35
CA$25.49
|
$21.59
ISK2,981
|
|
|
Fast food combo meal
McDonalds, or similar
|
$11.01
CA$15.29
|
$17.27
ISK2,385
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$2.17
CA$3.01
|
$2.90
ISK401
|
|
| Bottle of water (11 fl. oz) |
$1.63
CA$2.26
|
$2.07
ISK286
|
|
pay 14.3% more for groceries
|
Toronto
|
Reykjavik
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$2.84
CA$3.94
|
$3.68
ISK509
|
|
| Local cheese (8 oz) |
$5.77
CA$8.01
|
$7.66
ISK1,058
|
|
| Milk (1 gallon) |
$11.65
CA$16.19
|
$6.16
ISK851
|
|
|
Eggs
1 dozen
|
$3.58
CA$4.97
|
$5.91
ISK817
|
|
| Boneless chicken breast (1 lb) |
$5.77
CA$8.02
|
$8.87
ISK1,225
|
|
| Apples (1 lb) |
$1.77
CA$2.45
|
$1.53
ISK211
|
|
| Bananas (1 lb) |
$0.69
CA$0.96
|
$0.97
ISK134
|
|
| Oranges (1 lb) |
$1.80
CA$2.50
|
$1.26
ISK174
|
|
| Tomatoes (1 lb) |
$1.71
CA$2.37
|
$2.23
ISK308
|
|
| Potatoes (1 lb) |
$1.22
CA$1.69
|
$1.42
ISK195
|
|
| Onions (1 lb) |
$1.28
CA$1.77
|
$1.01
ISK140
|
|
pay 45.3% more for transportation
|
Toronto
|
Reykjavik
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$4.50
CA$6.25
|
$8.57
ISK1,184
|
|
| Monthly public transit pass |
$114.49
CA$159.05
|
$66.92
ISK9,242
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$25,209.07
CA$35,021.70
|
$41,660.67
ISK5,754,172
|
|
| Taxi trip in downtown area (5 miles) |
$13.94
CA$19.37
|
$23.30
ISK3,218
|
|
pay 1.4% more for housing
|
Toronto
|
Reykjavik
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$53.81
CA$74.75
|
$68.45
ISK9,454
|
|
| 1-Bedroom apartment in downtown area |
$1,853.23
CA$2,574.60
|
$1,864.13
ISK257,474
|
|
| 1-Bedroom apartment outside city center |
$1,580.15
CA$2,195.23
|
$1,666.20
ISK230,135
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$88.91
CA$123.52
|
$64.43
ISK8,900
|
|
pay 73.2% less for childcare
|
Toronto
|
Reykjavik
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$1,147.29
CA$1,593.88
|
$240.37
ISK33,200
|
|
| Middle school for 1 child, two semesters |
$18,322.57
CA$25,454.63
|
$5,984.07
ISK826,520
|
|
pay 24.9% more for entertainment and sports
|
Toronto
|
Reykjavik
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$5.87
CA$8.16
|
$10.79
ISK1,491
|
|
| Cappuccino in mid-range area |
$3.99
CA$5.54
|
$5.09
ISK703
|
|
|
Pack of cigarettes
Marlboro or similar
|
$14.68
CA$20.39
|
$11.87
ISK1,640
|
|
| Monthly membership at local gym |
$53.05
CA$73.70
|
$65.50
ISK9,047
|
|
| Movie ticket to theater/cinema |
$13.21
CA$18.35
|
$14.39
ISK1,988
|
|
pay 41.3% more for clothing
|
Toronto
|
Reykjavik
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$61.87
CA$85.96
|
$103.94
ISK14,356
|
|
|
Regular dress
from H&M or similar store
|
$37.66
CA$52.32
|
$43.50
ISK6,008
|
|
|
Running shoes
Nike or Adidas
|
$101.68
CA$141.26
|
$141.47
ISK19,540
|
|
| Men's business shoes (leather) |
$122.37
CA$170.00
|
$174.65
ISK24,123
|
|
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