Cost of living in Iceland compared to Canada
Currency:
Food | + 75% | |||
---|---|---|---|---|
Food in Iceland is 75% more expensive than in Canada | ||||
Iceland | Canada | Diff | ||
Basic lunchtime menu (including a drink) in the business district | 5,459 kr (C$54) | C$24 | + 127% | |
Combo meal in fast food restaurant (big mac meal or similar) | 2,999 kr (C$30) | C$14 | + 107% | |
500 gr (1 lb.) of boneless chicken breast | 1,493 kr (C$15) | C$10 | + 52% | |
1 liter (1 qt.) of whole fat milk | 236 kr (C$2.33) | C$3.28 | - 29% | |
12 eggs, large | 1,045 kr (C$10) | C$5.88 | + 76% | |
1 kg (2 lb.) of tomatoes | 666 kr (C$7) | C$5.56 | + 18% | |
500 gr (16 oz.) of local cheese | 1,713 kr (C$17) | C$11 | + 54% | |
1 kg (2 lb.) of apples | 399 kr (C$3.94) | C$5.47 | - 28% | |
1 kg (2 lb.) of potatoes | 468 kr (C$4.62) | C$3.31 | + 40% | |
0.5 l (16 oz) domestic beer in the supermarket | 699 kr (C$7) | C$4.03 | + 71% | |
1 bottle of red table wine, good quality | 3,728 kr (C$37) | C$21 | + 75% | |
2 liters of coca-cola | 396 kr (C$3.91) | C$3.23 | + 21% | |
Bread for 2 people for 1 day | 589 kr (C$5.82) | C$2.58 | + 126% | |
Housing | + 96% | |||
Housing in Iceland is 96% more expensive than in Canada | ||||
Iceland | Canada | Diff | ||
Monthly rent for 85 m2 (900 sqft) furnished accommodation in expensive area | 337,107 kr (C$3,329) | C$2,911 | + 14% | |
Monthly rent for 85 m2 (900 sqft) furnished accommodation in normal area | 238,569 kr (C$2,356) | C$2,295 | + 3% | |
Utilities 1 month (heating, electricity, gas ...) for 2 people in 85m2 flat | 222,135 kr (C$2,193) | C$240 | + 816% | |
Monthly rent for a 45 m2 (480 sqft) furnished studio in expensive area | 246,021 kr (C$2,429) | C$2,062 | + 18% | |
Monthly rent for a 45 m2 (480 sqft) furnished studio in normal area | 155,625 kr (C$1,537) | C$1,501 | + 2% | |
Utilities 1 month (heating, electricity, gas ...) for 1 person in 45 m2 (480 sqft) studio | 62,145 kr (C$614) | C$128 | + 378% | |
Internet 8 mbps (1 month) | 21,072 kr (C$208) | C$65 | + 220% | |
40” flat screen tv | 150,515 kr (C$1,486) | C$401 | + 271% | |
Microwave 800/900 watt (bosch, panasonic, lg, sharp, or equivalent brands) | 24,394 kr (C$241) | C$213 | + 13% | |
Laundry detergent (3 l. ~ 100 oz.) | 3,236 kr (C$32) | C$14 | + 126% | |
Hourly rate for cleaning help | 7,154 kr (C$71) | C$30 | + 138% | |
Clothes | + 157% | |||
Clothes in Iceland is 157% more expensive than in Canada | ||||
Iceland | Canada | Diff | ||
1 pair of jeans (levis 501 or similar) | 16,280 kr (C$161) | C$80 | + 100% | |
1 summer dress in a high street store (zara, h&m or similar retailers) | 18,714 kr (C$185) | C$57 | + 226% | |
1 pair of sport shoes (nike, adidas, or equivalent brands) | 26,530 kr (C$262) | C$147 | + 78% | |
1 pair of men’s leather business shoes | 35,893 kr (C$354) | C$173 | + 104% | |
Transportation | + 58% | |||
Transportation in Iceland is 58% more expensive than in Canada | ||||
Iceland | Canada | Diff | ||
Volkswagen golf 1.4 tsi 150 cv (or equivalent), with no extras, new | 6,086,940 kr (C$60,101) | C$33,546 | + 79% | |
1 liter (1/4 gallon) of gas | 313 kr (C$3.09) | C$1.60 | + 93% | |
Monthly ticket public transport | 16,297 kr (C$161) | C$106 | + 52% | |
Personal Care | + 59% | |||
Personal Care in Iceland is 59% more expensive than in Canada | ||||
Iceland | Canada | Diff | ||
Cold medicine for 6 days (tylenol, frenadol, coldrex, or equivalent brands) | 2,500 kr (C$25) | C$11 | + 127% | |
1 box of antibiotics (12 doses) | 3,085 kr (C$30) | C$24 | + 27% | |
Short visit to private doctor (15 minutes) | 19,528 kr (C$193) | C$103 | + 87% | |
1 box of 32 tampons (tampax, ob, ...) | 750 kr (C$7) | C$10 | - 24% | |
Deodorant, roll-on (50ml ~ 1.5 oz.) | 665 kr (C$7) | C$6 | + 2% | |
Hair shampoo 2-in-1 (400 ml ~ 12 oz.) | 948 kr (C$9) | C$6 | + 45% | |
4 rolls of toilet paper | 863 kr (C$9) | C$4.45 | + 92% | |
Tube of toothpaste | 577 kr (C$5.70) | C$3.63 | + 57% | |
Standard men's haircut in expat area of the city | 6,596 kr (C$65) | C$31 | + 111% | |
Entertainment | + 90% | |||
Entertainment in Iceland is 90% more expensive than in Canada | ||||
Iceland | Canada | Diff | ||
Basic dinner out for two in neighborhood pub | 12,694 kr (C$125) | C$68 | + 85% | |
2 tickets to the movies | 5,796 kr (C$57) | C$31 | + 84% | |
2 tickets to the theater (best available seats) | 17,961 kr (C$177) | C$217 | - 18% | |
Dinner for two at an italian restaurant in the expat area including appetisers, main course, wine and dessert | 18,942 kr (C$187) | C$129 | + 45% | |
1 cocktail drink in downtown club | 3,082 kr (C$30) | C$15 | + 105% | |
Cappuccino in expat area of the city | 697 kr (C$7) | C$5.88 | + 17% | |
1 beer in neighbourhood pub (500ml or 1pt.) | 1,183 kr (C$12) | C$8 | + 43% | |
Ipad wi-fi 128gb | 179,000 kr (C$1,767) | C$808 | + 119% | |
1 min. of prepaid mobile tariff (no discounts or plans) | - | C$0.44 | - | |
1 month of gym membership in business district | 38,993 kr (C$385) | C$67 | + 474% | |
1 package of marlboro cigarettes | 1,775 kr (C$18) | C$18 | - 1% | |
TOTAL | + 79% |
WARNING! This comparison is based on only a few data points. At this point it is only a guess. It is based on 4,776 prices entered by 757 different people.
These prices were last updated on March 18, 2024.
Exchange rate:
0.00987
CAD
/
ISK
Cost of living in Iceland is 79% more expensive than in Canada
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