Last update: Oct 2026

Cost of Living Comparison Between Corner Brook and Reykjavik

For one person, living is cheaper in Corner Brook: $2,232 a month against $4,037 in Reykjavik, rent and utilities included – about $21,700 less a year. Other living expenses account for most of the difference.

108

Cost of Living Index in Corner Brook
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Corner Brook Living Index
193

Cost of Living Index in Reykjavik
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Reykjavik Living Index

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Corner Brook

🇨🇦 Canada

$2,232

/mo nomad

Reykjavik

🇮🇸 Iceland

$4,037

/mo nomad

Monthly Cost of Living

How much you'll spend in Corner Brook and in Reykjavik

Real prices from locals and on-the-ground checks – rent, groceries, transit and the daily extras. Here's what a month in Corner Brook and in Reykjavik actually costs, broken down by who's living it.

Monthly costs for one person with rent: $2,232 in Corner Brook versus $4,037 in Reykjavik.

Corner Brook $2,232
Reykjavik $4,037

Estimated couple costs with rent: $3,257 in Corner Brook versus $5,666 in Reykjavik.

Corner Brook $3,257
Reykjavik $5,666

Monthly costs for a family of three with rent: $4,282 in Corner Brook versus $7,295 in Reykjavik.

Corner Brook $4,282
Reykjavik $7,295

Living in Corner Brook costs roughly 45% less than in Reykjavik, and outside of rent the biggest gap is in groceries.

Both cities are pricier than the global median: Corner Brook 67% above, Reykjavik 201% above.

Meal at Budget Restaurant

$17.51 CA$24.91

$30.59 ISK 3,727

-42.76%

Three-Course Dinner for Two, Mid-Range

$62.7 CA$89.2

$136 ISK 16.5K

-53.70%

Fast Food Meal (McDonalds, etc)

$10.32 CA$14.68

$27.08 ISK 3,300

-61.89%

Cappuccino

$3.65 CA$5.20

$6.72 ISK 818

-45.68%

Coke/Pepsi/Fanta/Sprite (0.33 liter bottle)

$1.93 CA$2.75

$3.27 ISK 399

-40.98%

Water (0.33 liter bottle)

$1.58 CA$2.24

$3.16 ISK 386

-50.00%

Local Beer (0.5 liter draught)

$5.22 CA$7.42

$13.91 ISK 1,695

-62.47%

Imported Beer (0.33 liter bottle)

$5.54 CA$7.87

$12.06 ISK 1,469

-54.06%

Milk (1 liter)

$2.04 CA$2.90

$2.04 ISK 248

White Bread (500g)

$2.49 CA$3.55

$4.32 ISK 526

-42.36%

Rice (white) (1kg)

$3.29 CA$4.68

$3.67 ISK 447

-10.35%

Eggs

$3.33 CA$4.74

$7.02 ISK 855

-52.56%

Local Cheese (1kg)

$8.59 CA$12.22

$22.01 ISK 2,682

-60.97%

Chicken Fillets (1kg)

$14.68 CA$20.89

$24.70 ISK 3,009

-40.57%

Beef Round Steak (1kg)

$14.45 CA$20.56

$42.66 ISK 5,198

-66.13%

Apples (1kg)

$3.73 CA$5.31

$3.37 ISK 411

10.68%

Banana (1kg)

$1.28 CA$1.82

$2.85 ISK 347

-55.09%

Oranges (1kg)

$3.71 CA$5.27

$3.17 ISK 387

17.03%

Tomato (1kg)

$3.75 CA$5.34

$6.39 ISK 779

-41.31%

Potato (1kg)

$2.54 CA$3.61

$4.01 ISK 489

-36.66%

Onion (1kg)

$2.22 CA$3.16

$1.64 ISK 200

35.37%

Lettuce (1 head)

$2.18 CA$3.11

$3.80 ISK 462

-42.63%

Water (1.5 liter bottle)

$1.51 CA$2.14

$1.74 ISK 212

-13.22%

Cigarettes 20 Pack (Marlboro, Camel)

$13.39 CA$19.05

$13.80 ISK 1,681

-2.97%

Wine (Bottle)

$12.21 CA$17.37

$23.38 ISK 2,849

-47.78%

Local Beer (0.5 liter bottle)

$2.66 CA$3.78

$3.53 ISK 430

-24.65%

Imported Beer (0.33 liter bottle)

$3.29 CA$4.67

$3.45 ISK 420

-4.64%

One-way Ticket (Public Transport)

$2.32 CA$3.30

$5.77 ISK 703

-59.79%

Public Transport Monthly Pass (Regular Price)

$61.7 CA$87.7

$95.1 ISK 11.6K

-35.20%

Taxi Start (Normal Tariff)

$2.99 CA$4.25

$6.63 ISK 808

-54.90%

Taxi (Normal Tariff) (1km)

$1.42 CA$2.02

$2.79 ISK 340

-49.10%

Taxi 1hour Waiting (Normal Tariff)

$22.41 CA$31.88

$81.4 ISK 9,915

-72.46%

Gasoline (1 liter)

$1.25 CA$1.78

$2.11 ISK 257

-40.76%

Midsize Hatchback 1.4l (Volkswagen Golf, Toyota Prius, Honda Civic, etc)

$29.6K CA$42.2K

$50.8K ISK 6.2M

-41.68%

Compact Sedan 1.6l (Toyota Corolla, Mazda3, Kia K4, Hyundai Elantra, etc)

$16.2K CA$23.1K

$52.7K ISK 6.4M

-69.21%

Utilities for 2 People in 2-bedroom Apartment (Heating, Electricity, Gas, Water, Garbage) (85m2)

$134 CA$191

$88.7 ISK 10.8K

51.08%

SIM Card Monthly Plan (Calls and 10GB+ Data)

$27.83 CA$39.58

$31.53 ISK 3,842

-11.73%

Internet (50+ Mbps, Unlimited Data)

$51.3 CA$72.9

$84.6 ISK 10.3K

-39.43%

Gym Membership (Monthly)

$40.81 CA$58.1

$100 ISK 12.2K

-59.34%

Tennis Court (1 Hour on Weekend)

$19.48 CA$27.70

$48.20 ISK 5,873

-59.59%

Cinema Ticket

$9.51 CA$13.53

$19.87 ISK 2,422

-52.14%

Preschool or Kindergarten, Full Day, Private, 1 Child (Monthly)

$673 CA$957

$1,277 ISK 155.7K

-47.35%

International Primary School, 1 Child (Yearly)

$13.3K CA$18.9K

$31.0K ISK 3.8M

-57.05%

Jeans (Levis 501 Or Similar)

$52.0 CA$74.0

$161 ISK 19.6K

-67.67%

Summer Dress (H&M, Zara, etc)

$37.87 CA$53.9

$64.9 ISK 7,908

-41.65%

Sport Shoes (Adidas, Nike)

$85.3 CA$121

$183 ISK 22.3K

-53.30%

Men's Leather Business Shoes

$113 CA$160

$254 ISK 30.9K

-55.62%

1-bedroom Apartment, City Center (Monthly)

$1,229 CA$1,749

$2,499 ISK 304.6K

-50.82%

1-bedroom Apartment, Outside City Center (Monthly)

$1,134 CA$1,613

$2,000 ISK 243.7K

-43.30%

3-bedroom Apartment, City Center (Monthly)

$1,968 CA$2,800

$3,452 ISK 420.6K

-42.98%

3-bedroom Apartment, Outside City Center (Monthly)

$1,703 CA$2,422

$2,742 ISK 334.2K

-37.91%

Buy Apartment in City Center (m2)

$4,105 CA$5,839

$8,001 ISK 974.9K

-48.70%

Buy Apartment Outside City Center (m2)

$4,012 CA$5,707

$6,249 ISK 761.5K

-35.80%

Average Monthly Net Salary (After Tax)

$2,421 CA$3,444

$4,691 ISK 571.6K

-48.38%

20-Year Fixed Mortgage Interest Rate (Annual %)

6.3

8.81

-28.49%

CityCost data is based on AI and user input – minor inaccuracies may occur.

Last update for Corner Brook: October 4, 2026

Last update for Reykjavik: October 4, 2026

Monthly budget structure

Share of the monthly basket for one person, rent included.

Accommodation & Living

Corner Brook

$1.1K 50.6%

Reykjavik

$2K 50.9% 76.4% $866

Groceries & Markets

Corner Brook

$358 16%

Reykjavik

$625 15.9% 74.8% $268

Eating Out

Corner Brook

$266 11.9%

Reykjavik

$526 13.4% 97.6% $260

Monthly Utilities & Internet

Corner Brook

$213 9.5%

Reykjavik

$205 5.2% 3.9% $8.2

Clothing & Footwear

Corner Brook

$130 5.8%

Reykjavik

$298 7.6% 130% $168

Getting Around

Corner Brook

$81 3.6%

Reykjavik

$139 3.5% 71.4% $58

Sport & Entertainment

Corner Brook

$60 2.7%

Reykjavik

$140 3.6% 134% $80

Cost Breakdown

A one-bedroom apartment in the center runs $1,229 in Corner Brook and $2,499 in Reykjavik. Housing cost is often the main lever when comparing two cities.

Reykjavik pays 94% more on average. The extra income cushions the higher costs, though housing choices and lifestyle decide how much of the gap is truly closed.

Dining out: $63.0 in Corner Brook vs $136 in Reykjavik for a mid-range dinner for two. Groceries echo the gap at $358 vs $625 per month, with Corner Brook cheaper across the board.

Good to know

🇨🇦 Corner Brook

🇮🇸 Reykjavik

🕒 Local time

01:18 1:18 AM

03:48 3:48 AM

2 h 30 min ahead of Corner Brook

🌤 Weather

👥 Population

19,886

136,894 Capital

💱 Currency

Canadian Dollar CAD $

Icelandic Króna ISK kr

📈 Exchange rate

1 CAD = 0.703 USD

1 CAD = 0.627 EUR

1,000 ISK = 8.21 USD

1,000 ISK = 7.32 EUR

Exchange rates and currency converter

ISK, USD, EUR to CAD – Canadian Dollar Converter

🇺🇸 United States Dollar ($)

🇨🇦 Canadian Dollar ($)

Canadian Dollar exchange rates as of October 10, 2026: 1 USD = 1.42 CAD (1 CAD = 0.703 USD). 1 EUR = 1.6 CAD (1 CAD = 0.627 EUR).

Icelandic Króna exchange rates as of October 10, 2026: 1 USD = 122 ISK (1,000 ISK = 8.21 USD). 1 EUR = 137 ISK (1,000 ISK = 7.32 EUR).

USD to CAD in detail →

On the map

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Highest

Between locations

Corner Brook Reykjavik 2,720 km ≈ 4 h nonstop flight

From you

Corner Brook
Reykjavik

Distances are measured in a straight line. Your location is detected approximately.

City Median Internet Speeds Comparison (Updated April 2026)

The chart highlights the Precision Threshold for mobile and fixed broadband internet speeds, updated quarterly.

Digital Nomad Cost of Living Index

Corner Brook vs Reykjavik: Cost of Living - Frequently Asked Questions

Corner Brook wins on cost – living expenses run 81% lower than in Reykjavik. Housing and daily spending are where you'll feel the difference most, making Corner Brook the obvious pick if budget is a priority.

On paper, salaries run 94% lower in Reykjavik. That's worth factoring in alongside costs, though remote workers earning in a stronger currency may not notice the difference at all.

Rent for a central apartment: $1,229 in Corner Brook versus $2,499 in Reykjavik. Housing is usually the single largest factor when comparing overall living costs between the two.

Dining out is cheaper in Corner Brook – a meal for two runs $63.0 versus $136 in Reykjavik. If you eat out regularly, this makes a real dent in your monthly spending.

All in, you'll spend $2,232 per month in Corner Brook versus $4,037 in Reykjavik – a 81% gap that adds up to real savings over time for anyone picking the cheaper option.

At $2,232 in Corner Brook versus $4,037 in Reykjavik, a $2,000 budget is realistic in Corner Brook but tight or insufficient in Reykjavik. The gap between the two cities makes Corner Brook the clear choice for anyone on this budget.

Both work as nomad bases, but Corner Brook delivers better value – similar infrastructure at $2,232 monthly. If stretching your runway or maximizing savings is the goal, the price difference makes Corner Brook hard to pass up.

Safety-wise, Corner Brook and Reykjavik are on par. Petty crime is typical for cities this size, and most residents feel comfortable going about their daily routines in either place.

Expats usually find Corner Brook gentler on the wallet – expenses run 81% less than in Reykjavik. Beyond cost, consider language, visa policies, and how big the international community is in each city.