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🇮🇸 Iceland - 🇨🇦 Canada

Cost of Living Comparison

Comparing cost of living between Iceland and Canada: Housing is 49% lower in Canada, Food is 28.4% lower in Canada, Transportation is 38.3% lower in Canada, Lifestyle is 49.6% lower in Canada, Healthcare is 5% lower in Canada.

Housing

Item
🇮🇸 Iceland
🇨🇦 Canada
Difference
Rent 1-bedroom (City Center)
🇮🇸 Iceland
$2675.00
$2473.70 $2926.63
🇨🇦 Canada
$1872.60
$1455.69 $2434.52
-42.8%
Rent 1-bedroom (Outside Center)
🇮🇸 Iceland
$2108.05
$1960.12 $2292.97
🇨🇦 Canada
$1382.75
$1096.23 $1768.92
-52.5%
Rent 3-bedroom (City Center)
🇮🇸 Iceland
$4714.37
$4347.81 $5172.57
🇨🇦 Canada
$3009.32
$2316.41 $3943.25
-56.7%
Rent 3-bedroom (Outside Center)
🇮🇸 Iceland
$3423.34
$3174.37 $3734.55
🇨🇦 Canada
$2339.33
$1836.49 $3017.08
-46.3%
Price per sqm to Buy (City Center)
🇮🇸 Iceland
$9028.51
$8304.16 $9933.95
🇨🇦 Canada
$6190.87
$4718.60 $8175.24
-45.8%
Price per sqm to Buy (Outside Center)
🇮🇸 Iceland
$6651.20
$6150.67 $7276.85
🇨🇦 Canada
$4548.24
$3535.64 $5913.05
-46.2%
Utilities (Monthly, 85m²)
🇮🇸 Iceland
$287.46
$271.85 $306.97
🇨🇦 Canada
$190.74
$160.34 $231.70
-50.7%
Internet (60 Mbps+, Monthly)
🇮🇸 Iceland
$105.75
$101.19 $111.46
🇨🇦 Canada
$69.90
$61.09 $81.78
-51.3%

Food

Item
🇮🇸 Iceland
🇨🇦 Canada
Difference
Meal, Inexpensive Restaurant
🇮🇸 Iceland
$30.78
$28.62 $33.48
🇨🇦 Canada
$22.48
$17.82 $28.76
-36.9%
Meal for 2, Mid-range Restaurant
🇮🇸 Iceland
$132.16
$122.21 $144.59
🇨🇦 Canada
$90.65
$70.47 $117.86
-45.8%
Fast Food Combo
🇮🇸 Iceland
$17.90
$16.93 $19.12
🇨🇦 Canada
$13.15
$11.06 $15.98
-36.1%
Domestic Beer (0.5L, Restaurant)
🇮🇸 Iceland
$12.19
$11.39 $13.18
🇨🇦 Canada
$7.43
$6.01 $9.35
-64.0%
Cappuccino
🇮🇸 Iceland
$7.66
$7.14 $8.30
🇨🇦 Canada
$5.23
$4.19 $6.63
-46.4%
Milk (1 liter)
🇮🇸 Iceland
$2.67
$2.53 $2.84
🇨🇦 Canada
$2.19
$1.86 $2.63
-22.0%
Bread (500g)
🇮🇸 Iceland
$2.66
$2.53 $2.82
🇨🇦 Canada
$2.18
$1.87 $2.60
-21.9%
Rice (1kg)
🇮🇸 Iceland
$4.11
$3.92 $4.35
🇨🇦 Canada
$3.61
$3.13 $4.27
-13.7%
Eggs (12)
🇮🇸 Iceland
$5.94
$5.63 $6.32
🇨🇦 Canada
$5.10
$4.33 $6.14
-16.4%
Cheese (1kg)
🇮🇸 Iceland
$19.39
$18.34 $20.71
🇨🇦 Canada
$16.07
$13.51 $19.53
-20.7%
Chicken Breast (1kg)
🇮🇸 Iceland
$16.32
$15.48 $17.37
🇨🇦 Canada
$13.10
$11.12 $15.76
-24.6%
Beef Round (1kg)
🇮🇸 Iceland
$23.99
$22.63 $25.70
🇨🇦 Canada
$20.54
$17.10 $25.18
-16.8%
Apples (1kg)
🇮🇸 Iceland
$5.90
$5.62 $6.26
🇨🇦 Canada
$5.08
$4.35 $6.05
-16.3%
Banana (1kg)
🇮🇸 Iceland
$2.93
$2.80 $3.10
🇨🇦 Canada
$2.60
$2.25 $3.07
-12.9%
Oranges (1kg)
🇮🇸 Iceland
$5.90
$5.62 $6.26
🇨🇦 Canada
$5.08
$4.35 $6.05
-16.3%
Tomato (1kg)
🇮🇸 Iceland
$5.58
$5.32 $5.90
🇨🇦 Canada
$4.33
$3.75 $5.11
-28.8%
Potato (1kg)
🇮🇸 Iceland
$3.21
$3.07 $3.39
🇨🇦 Canada
$2.59
$2.26 $3.03
-24.2%
Onion (1kg)
🇮🇸 Iceland
$2.92
$2.79 $3.08
🇨🇦 Canada
$2.16
$1.89 $2.53
-35.1%
Water (1.5L bottle)
🇮🇸 Iceland
$2.66
$2.53 $2.82
🇨🇦 Canada
$1.89
$1.62 $2.25
-40.7%
Wine (Mid-range bottle)
🇮🇸 Iceland
$22.49
$21.21 $24.10
🇨🇦 Canada
$17.61
$14.66 $21.59
-27.7%

Transportation

Item
🇮🇸 Iceland
🇨🇦 Canada
Difference
One-way Ticket (Local Transport)
🇮🇸 Iceland
$5.34
$4.99 $5.77
🇨🇦 Canada
$4.46
$3.60 $5.61
-19.7%
Monthly Pass (Regular Price)
🇮🇸 Iceland
$137.80
$128.49 $149.44
🇨🇦 Canada
$134.31
$107.53 $170.40
-2.6%
Taxi Start (Normal Tariff)
🇮🇸 Iceland
$10.77
$10.02 $11.72
🇨🇦 Canada
$5.99
$4.75 $7.67
-79.8%
Taxi 1km (Normal Tariff)
🇮🇸 Iceland
$3.85
$3.58 $4.19
🇨🇦 Canada
$2.26
$1.79 $2.88
-70.9%
Gasoline (1 liter)
🇮🇸 Iceland
$3.12
$2.96 $3.32
🇨🇦 Canada
$2.04
$1.73 $2.45
-53.2%
Volkswagen Golf (New Car)
🇮🇸 Iceland
$54891.00
$52839.00 $57456.00
🇨🇦 Canada
$45576.00
$40608.00 $52272.00
-20.4%
Toyota Corolla (New Car)
🇮🇸 Iceland
$52002.00
$50058.00 $54432.00
🇨🇦 Canada
$42727.50
$38070.00 $49005.00
-21.7%

Lifestyle

Item
🇮🇸 Iceland
🇨🇦 Canada
Difference
Fitness Club (Monthly Fee)
🇮🇸 Iceland
$85.28
$78.86 $93.30
🇨🇦 Canada
$56.62
$44.01 $73.61
-50.6%
Tennis Court Rent (1 Hour)
🇮🇸 Iceland
$37.39
$34.77 $40.67
🇨🇦 Canada
$24.28
$19.25 $31.06
-54.0%
Cinema Ticket (International Release)
🇮🇸 Iceland
$24.55
$22.96 $26.55
🇨🇦 Canada
$16.44
$13.29 $20.68
-49.4%
Pair of Jeans (Levis or similar)
🇮🇸 Iceland
$90.27
$86.38 $95.14
🇨🇦 Canada
$61.42
$53.68 $71.86
-47.0%
Summer Dress (Zara, H&M)
🇮🇸 Iceland
$60.18
$57.59 $63.43
🇨🇦 Canada
$40.95
$35.79 $47.91
-47.0%
Running Shoes (Nike, Adidas)
🇮🇸 Iceland
$126.52
$121.42 $132.89
🇨🇦 Canada
$86.27
$76.13 $99.94
-46.6%
Leather Business Shoes
🇮🇸 Iceland
$199.26
$189.54 $211.41
🇨🇦 Canada
$130.41
$111.78 $155.52
-52.8%

Healthcare

Item
🇮🇸 Iceland
🇨🇦 Canada
Difference
Prescription Medicine (Cold/Flu)
🇮🇸 Iceland
$13.05
$12.45 $13.80
🇨🇦 Canada
$12.82
$11.10 $15.15
-1.8%
Antibiotics (1 week)
🇮🇸 Iceland
$19.58
$18.68 $20.70
🇨🇦 Canada
$19.24
$16.65 $22.73
-1.8%
Health Insurance (Monthly, Individual)
🇮🇸 Iceland
$433.20
$402.80 $471.20
🇨🇦 Canada
$388.50
$308.00 $497.00
-11.5%

Average Monthly Salaries (After Tax, USD)

🇮🇸 Iceland

$7,350
$6,090
$4,704
$8,064
$4,200

🇨🇦 Canada

$5,279
$4,373
$3,378
$5,792
$3,017

Quality of Life Comparison

🇮🇸 Iceland
74.5
🇨🇦 Canada
70.2
🇮🇸 Iceland
78.5
🇨🇦 Canada
63.7
🇮🇸 Iceland
15.2
🇨🇦 Canada
29.4
🇮🇸 Iceland
56.8
🇨🇦 Canada
60.8

How to Use This Comparison

📈 Understanding Differences

Green percentages show where costs are lower, red shows higher costs. Look at individual categories to understand where your money goes further. Some items like housing may vary more than others like groceries.

💰 Budget Impact

Focus on categories that matter most to your lifestyle. If you eat out frequently, restaurant prices are crucial. If you drive daily, transportation costs significantly impact your budget. Prioritize categories based on your habits.

🔄 Next Steps

Use our salary calculator to determine what income you need in the more expensive location. Consider quality of life factors like healthcare and safety alongside costs. Visit city-specific pages for more detailed local pricing.

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Frequently Asked Questions

How are the percentage differences between Iceland and Canada calculated?

Percentages show how much more or less expensive each item is in Canada compared to Iceland, based on individual price differences.

What do the colors in the comparison table mean?

Green indicates a lower price in that location, while red indicates a higher price. The intensity of color reflects the size of the difference.

What data is included in this comparison?

This comparison covers housing, food, transportation, healthcare, and lifestyle expenses. Country comparisons also include salary data and quality of life metrics when available.

Can I compare different locations?

Yes, use the country or city directory pages to select different locations, or visit the homepage to start a new comparison.