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$24.90
|
$21.59
ISK2,962
|
|
Fast food combo meal
McDonalds, or similar
|
$11.01
CA$14.94
|
$17.27
ISK2,370
|
|
Bottle of Coca-Cola (11 fl. oz) |
$2.17
CA$2.94
|
$2.90
ISK398
|
|
Bottle of water (11 fl. oz) |
$1.63
CA$2.21
|
$2.07
ISK284
|
|
pay 14.3% more for groceries
Toronto
|
Reykjavik
|
||
---|---|---|---|
Bread
1 loaf
|
$2.84
CA$3.85
|
$3.68
ISK506
|
|
Local cheese (8 oz) |
$5.77
CA$7.83
|
$7.66
ISK1,051
|
|
Milk (1 gallon) |
$11.65
CA$15.81
|
$6.16
ISK846
|
|
Eggs
1 dozen
|
$3.58
CA$4.86
|
$5.91
ISK811
|
|
Boneless chicken breast (1 lb) |
$5.77
CA$7.84
|
$8.87
ISK1,218
|
|
Apples (1 lb) |
$1.77
CA$2.40
|
$1.53
ISK210
|
|
Bananas (1 lb) |
$0.69
CA$0.94
|
$0.97
ISK133
|
|
Oranges (1 lb) |
$1.80
CA$2.45
|
$1.26
ISK173
|
|
Tomatoes (1 lb) |
$1.71
CA$2.32
|
$2.23
ISK306
|
|
Potatoes (1 lb) |
$1.22
CA$1.65
|
$1.42
ISK194
|
|
Onions (1 lb) |
$1.28
CA$1.73
|
$1.01
ISK139
|
|
pay 45.3% more for transportation
Toronto
|
Reykjavik
|
||
---|---|---|---|
Gasoline (1 gallon) |
$4.50
CA$6.10
|
$8.57
ISK1,177
|
|
Monthly public transit pass |
$114.49
CA$155.39
|
$66.92
ISK9,184
|
|
New Volkswagen Golf 1.4 (standard edition) |
$25,209.07
CA$34,214.63
|
$41,660.67
ISK5,717,510
|
|
Taxi trip in downtown area (5 miles) |
$13.94
CA$18.93
|
$23.30
ISK3,197
|
|
pay 1.4% more for housing
Toronto
|
Reykjavik
|
||
---|---|---|---|
Internet connection
50 mbps or faster, cable/dsl
|
$53.81
CA$73.03
|
$68.45
ISK9,394
|
|
1-Bedroom apartment in downtown area |
$1,853.23
CA$2,515.27
|
$1,864.13
ISK255,834
|
|
1-Bedroom apartment outside city center |
$1,580.15
CA$2,144.64
|
$1,666.20
ISK228,669
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$88.91
CA$120.67
|
$64.43
ISK8,843
|
|
pay 73.2% less for childcare
Toronto
|
Reykjavik
|
||
---|---|---|---|
Private preschool for 1 child, monthly |
$1,147.29
CA$1,557.15
|
$240.37
ISK32,988
|
|
Middle school for 1 child, two semesters |
$18,322.57
CA$24,868.04
|
$5,984.07
ISK821,254
|
|
pay 24.9% more for entertainment and sports
Toronto
|
Reykjavik
|
||
---|---|---|---|
Domestic/local beer (1 pint) |
$5.87
CA$7.97
|
$10.79
ISK1,481
|
|
Cappuccino in mid-range area |
$3.99
CA$5.42
|
$5.09
ISK698
|
|
Pack of cigarettes
Marlboro or similar
|
$14.68
CA$19.92
|
$11.87
ISK1,629
|
|
Monthly membership at local gym |
$53.05
CA$72.00
|
$65.50
ISK8,990
|
|
Movie ticket to theater/cinema |
$13.21
CA$17.93
|
$14.39
ISK1,975
|
|
pay 41.3% more for clothing
Toronto
|
Reykjavik
|
||
---|---|---|---|
Regular jeans
Levi's brand
|
$61.87
CA$83.98
|
$103.94
ISK14,265
|
|
Regular dress
from H&M or similar store
|
$37.66
CA$51.11
|
$43.50
ISK5,969
|
|
Running shoes
Nike or Adidas
|
$101.68
CA$138.01
|
$141.47
ISK19,416
|
|
Men's business shoes (leather) |
$122.37
CA$166.08
|
$174.65
ISK23,969
|
|
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