Last update: Oct 2026

Cost of Living Comparison Between Fredericton and Reykjavik

For one person, living is cheaper in Fredericton: $2,008 a month against $4,037 in Reykjavik, rent and utilities included – about $24,300 less a year. Rent and utilities account for most of the difference.

95

Cost of Living Index in Fredericton
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Fredericton Living Index
193

Cost of Living Index in Reykjavik
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Reykjavik Living Index

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Fredericton

🇨🇦 Canada

$2,008

/mo nomad

Reykjavik

🇮🇸 Iceland

$4,037

/mo nomad

Monthly Cost of Living

How much you'll spend in Fredericton 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 Fredericton and in Reykjavik actually costs, broken down by who's living it.

Monthly costs for one person with rent: $2,008 in Fredericton versus $4,037 in Reykjavik.

Fredericton $2,008
Reykjavik $4,037

Estimated couple costs with rent: $3,000 in Fredericton versus $5,666 in Reykjavik.

Fredericton $3,000
Reykjavik $5,666

Monthly costs for a family of three with rent: $3,992 in Fredericton versus $7,295 in Reykjavik.

Fredericton $3,992
Reykjavik $7,295

Living in Fredericton costs roughly 50% less than in Reykjavik, and outside of rent the biggest gap is in groceries.

Both cities are pricier than the global median: Fredericton 50% above, Reykjavik 201% above.

Meal at Budget Restaurant

$15.53 CA$22.14

$30.59 ISK 3,730

-49.23%

Three-Course Dinner for Two, Mid-Range

$62.6 CA$89.3

$136 ISK 16.5K

-53.79%

Fast Food Meal (McDonalds, etc)

$12.60 CA$17.96

$27.08 ISK 3,302

-53.47%

Cappuccino

$3.93 CA$5.60

$6.72 ISK 819

-41.52%

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

$2.67 CA$3.81

$3.27 ISK 399

-18.35%

Water (0.33 liter bottle)

$2.08 CA$2.97

$3.16 ISK 386

-34.18%

Local Beer (0.5 liter draught)

$5.30 CA$7.56

$13.91 ISK 1,696

-61.90%

Imported Beer (0.33 liter bottle)

$4.77 CA$6.80

$12.06 ISK 1,470

-60.45%

Milk (1 liter)

$1.74 CA$2.48

$2.04 ISK 248

-14.71%

White Bread (500g)

$2.75 CA$3.92

$4.32 ISK 527

-36.34%

Rice (white) (1kg)

$2.53 CA$3.60

$3.67 ISK 447

-31.06%

Eggs

$3.75 CA$5.34

$7.02 ISK 856

-46.58%

Local Cheese (1kg)

$11.28 CA$16.07

$22.01 ISK 2,684

-48.75%

Chicken Fillets (1kg)

$9.91 CA$14.13

$24.70 ISK 3,012

-59.88%

Beef Round Steak (1kg)

$10.14 CA$14.45

$42.66 ISK 5,202

-76.23%

Apples (1kg)

$4.56 CA$6.50

$3.37 ISK 412

35.31%

Banana (1kg)

$1.58 CA$2.25

$2.85 ISK 347

-44.56%

Oranges (1kg)

$4.52 CA$6.45

$3.17 ISK 387

42.59%

Tomato (1kg)

$5.29 CA$7.54

$6.39 ISK 779

-17.21%

Potato (1kg)

$2.54 CA$3.62

$4.01 ISK 489

-36.66%

Onion (1kg)

$1.53 CA$2.19

$1.64 ISK 200

-6.71%

Lettuce (1 head)

$2.11 CA$3.00

$3.80 ISK 463

-44.47%

Water (1.5 liter bottle)

$1.63 CA$2.32

$1.74 ISK 212

-6.32%

Cigarettes 20 Pack (Marlboro, Camel)

$11.24 CA$16.02

$13.80 ISK 1,682

-18.55%

Wine (Bottle)

$12.11 CA$17.26

$23.38 ISK 2,851

-48.20%

Local Beer (0.5 liter bottle)

$3.01 CA$4.29

$3.53 ISK 430

-14.73%

Imported Beer (0.33 liter bottle)

$4.56 CA$6.50

$3.45 ISK 420

32.17%

One-way Ticket (Public Transport)

$2.13 CA$3.04

$5.77 ISK 704

-63.08%

Public Transport Monthly Pass (Regular Price)

$55.9 CA$79.7

$95.1 ISK 11.6K

-41.20%

Taxi Start (Normal Tariff)

$2.77 CA$3.95

$6.63 ISK 808

-58.22%

Taxi (Normal Tariff) (1km)

$1.35 CA$1.93

$2.79 ISK 341

-51.61%

Taxi 1hour Waiting (Normal Tariff)

$20.72 CA$29.53

$81.4 ISK 9,923

-74.54%

Gasoline (1 liter)

$1.26 CA$1.80

$2.11 ISK 257

-40.28%

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

$27.4K CA$39.0K

$50.8K ISK 6.2M

-46.15%

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

$19.1K CA$27.3K

$52.7K ISK 6.4M

-63.72%

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

$126 CA$180

$88.7 ISK 10.8K

42.57%

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

$70.6 CA$101

$31.53 ISK 3,845

123.95%

Internet (50+ Mbps, Unlimited Data)

$68.9 CA$98.3

$84.6 ISK 10.3K

-18.55%

Gym Membership (Monthly)

$39.53 CA$56.3

$100 ISK 12.2K

-60.62%

Tennis Court (1 Hour on Weekend)

$24.80 CA$35.35

$48.20 ISK 5,877

-48.55%

Cinema Ticket

$10.54 CA$15.02

$19.87 ISK 2,424

-46.96%

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

$577 CA$823

$1,277 ISK 155.8K

-54.81%

International Primary School, 1 Child (Yearly)

$1,714 CA$2,444

$31.0K ISK 3.8M

-94.46%

Jeans (Levis 501 Or Similar)

$48.45 CA$69.1

$161 ISK 19.6K

-69.88%

Summer Dress (H&M, Zara, etc)

$39.03 CA$55.6

$64.9 ISK 7,914

-39.86%

Sport Shoes (Adidas, Nike)

$75.8 CA$108

$183 ISK 22.3K

-58.51%

Men's Leather Business Shoes

$82.2 CA$117

$254 ISK 31.0K

-67.62%

1-bedroom Apartment, City Center (Monthly)

$1,144 CA$1,631

$2,499 ISK 304.8K

-54.23%

1-bedroom Apartment, Outside City Center (Monthly)

$836 CA$1,192

$2,000 ISK 243.9K

-58.20%

3-bedroom Apartment, City Center (Monthly)

$1,823 CA$2,599

$3,452 ISK 421.0K

-47.17%

3-bedroom Apartment, Outside City Center (Monthly)

$1,467 CA$2,090

$2,742 ISK 334.4K

-46.52%

Buy Apartment in City Center (m2)

$1,873 CA$2,670

$8,001 ISK 975.7K

-76.59%

Buy Apartment Outside City Center (m2)

$1,842 CA$2,626

$6,249 ISK 762.1K

-70.52%

Average Monthly Net Salary (After Tax)

$2,328 CA$3,318

$4,691 ISK 572.0K

-50.37%

20-Year Fixed Mortgage Interest Rate (Annual %)

4.77

8.81

-45.86%

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

Last update for Fredericton: October 5, 2026

Last update for Reykjavik: October 4, 2026

Monthly budget structure

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

Accommodation & Living

Fredericton

$836 42.7%

Reykjavik

$2K 50.9% 139% $1.2K

Groceries & Markets

Fredericton

$348 17.8%

Reykjavik

$625 15.9% 79.7% $277

Monthly Utilities & Internet

Fredericton

$266 13.6%

Reykjavik

$205 5.2% 23% $61

Eating Out

Fredericton

$264 13.5%

Reykjavik

$526 13.4% 99% $262

Clothing & Footwear

Fredericton

$110 5.6%

Reykjavik

$298 7.6% 170% $188

Getting Around

Fredericton

$74 3.8%

Reykjavik

$139 3.5% 87.6% $65

Sport & Entertainment

Fredericton

$61 3.1%

Reykjavik

$140 3.6% 131% $80

Cost Breakdown

A one-bedroom apartment in the center runs $1,144 in Fredericton and $2,499 in Reykjavik. Housing cost is often the main lever when comparing two cities.

Reykjavik pays 101% 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 Fredericton vs $136 in Reykjavik for a mid-range dinner for two. Groceries echo the gap at $348 vs $625 per month, with Fredericton cheaper across the board.

Good to know

🇨🇦 Fredericton

🇮🇸 Reykjavik

🕒 Local time

00:33 12:33 AM

03:33 3:33 AM

3 h ahead of Fredericton

🌤 Weather

👥 Population

56,224

136,894 Capital

💱 Currency

Canadian Dollar CAD $

Icelandic Króna ISK kr

📈 Exchange rate

1 CAD = 0.702 USD

1 CAD = 0.626 EUR

1,000 ISK = 8.2 USD

1,000 ISK = 7.31 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 = 1.43 CAD (1 CAD = 0.702 USD). 1 EUR = 1.6 CAD (1 CAD = 0.626 EUR).

Icelandic Króna exchange rates as of October 10, 2026: 1 USD = 122 ISK (1,000 ISK = 8.2 USD). 1 EUR = 137 ISK (1,000 ISK = 7.31 EUR).

USD to CAD in detail →

On the map

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Between locations

Fredericton Reykjavik 3,380 km ≈ 4 h 45 min nonstop flight

From you

Fredericton
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

Fredericton vs Reykjavik: Cost of Living - Frequently Asked Questions

Fredericton is cheaper overall, especially in groceries, eating out, and clothing. The 101% gap adds up to real monthly savings that compound significantly over time.

On paper, salaries run 101% 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: $1,144 in Fredericton versus $2,499 in Reykjavik. Housing is usually the single largest factor when comparing overall living costs between the two.

A monthly transit pass in Fredericton runs roughly 70% less than in Reykjavik. Both cities have functional networks, but the price difference matters if you're watching your budget.

Childcare runs $577 in Fredericton versus $1,277 in Reykjavik. Over years of preschool, even a modest monthly gap compounds into a major financial factor for families.

At $2,008 in Fredericton versus $4,037 in Reykjavik, a $2,500 budget is realistic in Fredericton but tight or insufficient in Reykjavik. The gap between the two cities makes Fredericton the clear choice for anyone on this budget.

For families, Fredericton is more practical. Housing and childcare are both notably cheaper than in Reykjavik, and the savings on those two alone free up budget for education, activities, and family trips.

Safety-wise, Fredericton 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 Fredericton gentler on the wallet – expenses run 101% less than in Reykjavik. Beyond cost, consider language, visa policies, and how big the international community is in each city.