Last update: Oct 2026

Cost of Living Comparison Between Grand Falls-Windsor and Reykjavik

For one person, living is cheaper in Grand Falls-Windsor: $2,254 a month against $4,037 in Reykjavik, rent and utilities included – about $21,400 less a year. Rent and utilities account for most of the difference.

108

Cost of Living Index in Grand Falls-Windsor
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Grand Falls-Windsor Living Index
193

Cost of Living Index in Reykjavik
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Reykjavik Living Index

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Grand Falls-Windsor

🇨🇦 Canada

$2,254

/mo nomad

Reykjavik

🇮🇸 Iceland

$4,037

/mo nomad

Monthly Cost of Living

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

A single person spends $2,254 per month in Grand Falls-Windsor vs $4,037 in Reykjavik, rent included.

Grand Falls-Windsor $2,254
Reykjavik $4,037

A couple spends around $3,219 per month in Grand Falls-Windsor vs $5,666 in Reykjavik, rent included.

Grand Falls-Windsor $3,219
Reykjavik $5,666

A family of three spends $4,185 per month in Grand Falls-Windsor vs $7,295 in Reykjavik, rent included.

Grand Falls-Windsor $4,185
Reykjavik $7,295

Grand Falls-Windsor is about 44% cheaper than Reykjavik, and outside of rent the biggest gap is in groceries.

Both Grand Falls-Windsor and Reykjavik sit above the global median – Grand Falls-Windsor by 68%, Reykjavik by 201%.

Meal at Budget Restaurant

$14.97 CA$21.30

$30.59 ISK 3,727

-51.06%

Three-Course Dinner for Two, Mid-Range

$56.7 CA$80.6

$136 ISK 16.5K

-58.17%

Fast Food Meal (McDonalds, etc)

$9.36 CA$13.32

$27.08 ISK 3,300

-65.44%

Cappuccino

$3.56 CA$5.06

$6.72 ISK 818

-47.02%

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

$2.07 CA$2.95

$3.27 ISK 399

-36.70%

Water (0.33 liter bottle)

$1.76 CA$2.50

$3.16 ISK 386

-44.30%

Local Beer (0.5 liter draught)

$4.81 CA$6.85

$13.91 ISK 1,695

-65.42%

Imported Beer (0.33 liter bottle)

$5.48 CA$7.79

$12.06 ISK 1,469

-54.56%

Milk (1 liter)

$2.10 CA$2.98

$2.04 ISK 248

2.94%

White Bread (500g)

$2.46 CA$3.49

$4.32 ISK 526

-43.06%

Rice (white) (1kg)

$2.95 CA$4.20

$3.67 ISK 447

-19.62%

Eggs

$3.56 CA$5.07

$7.02 ISK 855

-49.29%

Local Cheese (1kg)

$10.19 CA$14.50

$22.01 ISK 2,682

-53.70%

Chicken Fillets (1kg)

$9.97 CA$14.18

$24.70 ISK 3,009

-59.64%

Beef Round Steak (1kg)

$14.86 CA$21.14

$42.66 ISK 5,198

-65.17%

Apples (1kg)

$3.74 CA$5.32

$3.37 ISK 411

10.98%

Banana (1kg)

$1.29 CA$1.84

$2.85 ISK 347

-54.74%

Oranges (1kg)

$3.84 CA$5.46

$3.17 ISK 387

21.14%

Tomato (1kg)

$3.41 CA$4.85

$6.39 ISK 779

-46.64%

Potato (1kg)

$2.13 CA$3.03

$4.01 ISK 489

-46.88%

Onion (1kg)

$1.87 CA$2.67

$1.64 ISK 200

14.02%

Lettuce (1 head)

$2.46 CA$3.49

$3.80 ISK 462

-35.26%

Water (1.5 liter bottle)

$1.59 CA$2.26

$1.74 ISK 212

-8.62%

Cigarettes 20 Pack (Marlboro, Camel)

$12.36 CA$17.59

$13.80 ISK 1,681

-10.43%

Wine (Bottle)

$14.30 CA$20.35

$23.38 ISK 2,849

-38.84%

Local Beer (0.5 liter bottle)

$2.31 CA$3.28

$3.53 ISK 430

-34.56%

Imported Beer (0.33 liter bottle)

$2.71 CA$3.85

$3.45 ISK 420

-21.45%

One-way Ticket (Public Transport)

$2.05 CA$2.91

$5.77 ISK 703

-64.47%

Public Transport Monthly Pass (Regular Price)

$69.5 CA$98.9

$95.1 ISK 11.6K

-26.92%

Taxi Start (Normal Tariff)

$3.10 CA$4.41

$6.63 ISK 808

-53.24%

Taxi (Normal Tariff) (1km)

$1.29 CA$1.83

$2.79 ISK 340

-53.76%

Taxi 1hour Waiting (Normal Tariff)

$21.92 CA$31.18

$81.4 ISK 9,915

-73.06%

Gasoline (1 liter)

$1.18 CA$1.68

$2.11 ISK 257

-44.08%

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

$31.1K CA$44.3K

$50.8K ISK 6.2M

-38.76%

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

$18.6K CA$26.5K

$52.7K ISK 6.4M

-64.67%

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

$155 CA$220

$88.7 ISK 10.8K

74.57%

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

$39.33 CA$55.9

$31.53 ISK 3,842

24.74%

Internet (50+ Mbps, Unlimited Data)

$57.3 CA$81.5

$84.6 ISK 10.3K

-32.29%

Gym Membership (Monthly)

$41.67 CA$59.3

$100 ISK 12.2K

-58.49%

Tennis Court (1 Hour on Weekend)

$17.04 CA$24.23

$48.20 ISK 5,873

-64.65%

Cinema Ticket

$9.55 CA$13.59

$19.87 ISK 2,422

-51.94%

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

$855 CA$1,216

$1,277 ISK 155.7K

-33.08%

International Primary School, 1 Child (Yearly)

$12.0K CA$17.0K

$31.0K ISK 3.8M

-61.35%

Jeans (Levis 501 Or Similar)

$60.1 CA$85.4

$161 ISK 19.6K

-62.66%

Summer Dress (H&M, Zara, etc)

$42.16 CA$60.0

$64.9 ISK 7,908

-35.04%

Sport Shoes (Adidas, Nike)

$96.4 CA$137

$183 ISK 22.3K

-47.25%

Men's Leather Business Shoes

$103 CA$146

$254 ISK 30.9K

-59.47%

1-bedroom Apartment, City Center (Monthly)

$1,254 CA$1,783

$2,499 ISK 304.6K

-49.84%

1-bedroom Apartment, Outside City Center (Monthly)

$1,235 CA$1,756

$2,000 ISK 243.7K

-38.27%

3-bedroom Apartment, City Center (Monthly)

$2,166 CA$3,081

$3,452 ISK 420.6K

-37.26%

3-bedroom Apartment, Outside City Center (Monthly)

$1,769 CA$2,516

$2,742 ISK 334.2K

-35.51%

Buy Apartment in City Center (m2)

$4,023 CA$5,722

$8,001 ISK 974.9K

-49.72%

Buy Apartment Outside City Center (m2)

$3,435 CA$4,885

$6,249 ISK 761.5K

-45.04%

Average Monthly Net Salary (After Tax)

$4,691 ISK 571.6K

20-Year Fixed Mortgage Interest Rate (Annual %)

4.64

8.81

-47.33%

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

Last update for Grand Falls-Windsor: 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

Grand Falls-Windsor

$1.2K 52.5%

Reykjavik

$2K 50.9% 62% $766

Groceries & Markets

Grand Falls-Windsor

$340 14.5%

Reykjavik

$625 15.9% 83.8% $285

Monthly Utilities & Internet

Grand Falls-Windsor

$251 10.7%

Reykjavik

$205 5.2% 18.5% $47

Eating Out

Grand Falls-Windsor

$241 10.3%

Reykjavik

$526 13.4% 118% $285

Clothing & Footwear

Grand Falls-Windsor

$136 5.8%

Reykjavik

$298 7.6% 120% $162

Getting Around

Grand Falls-Windsor

$87 3.7%

Reykjavik

$139 3.5% 59.1% $52

Sport & Entertainment

Grand Falls-Windsor

$61 2.6%

Reykjavik

$140 3.6% 131% $79

Cost Breakdown

A central one-bedroom costs $1,254 in Grand Falls-Windsor versus $2,499 in Reykjavik. Rent is usually the largest line item in a monthly budget, so the gap here sets the tone for the overall comparison.

A mid-range dinner for two costs $57.0 in Grand Falls-Windsor versus $136 in Reykjavik. Monthly groceries follow the same trend: $340 vs $625 – making Grand Falls-Windsor the more affordable choice for daily food spending.

Good to know

🇨🇦 Grand Falls-Windsor

🇮🇸 Reykjavik

🕒 Local time

02:11 2:11 AM

04:41 4:41 AM

2 h 30 min ahead of Grand Falls-Windsor

🌤 Weather

👥 Population

13,725

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

Lowest

Highest

Between locations

Grand Falls-Windsor Reykjavik 2,620 km ≈ 3 h 45 min nonstop flight

From you

Grand Falls-Windsor
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

Grand Falls-Windsor vs Reykjavik: Cost of Living - Frequently Asked Questions

Yes – Reykjavik is pricier by about 79%, and outside of rent the gap shows up most in groceries.

For a comfortable life, plan on about $3,381 per month in Grand Falls-Windsor and $6,055 in Reykjavik. That covers rent, food, utilities, transport, and enough left over to feel settled – not just surviving.

Rent is clearly cheaper in Grand Falls-Windsor, especially for central apartments. Housing is actually the single biggest factor behind the overall cost gap between these two cities.

Public transport costs about 37% less in Grand Falls-Windsor. For daily commuters, that gap adds up to noticeable savings over a year.

Kindergarten costs $855 per month in Grand Falls-Windsor and $1,277 in Reykjavik. For families with young kids, this one expense can tip the scales when choosing between the two cities.

A $2,500 monthly budget goes further in Grand Falls-Windsor, where all-in costs run around $2,254, than in Reykjavik at $4,037. In Grand Falls-Windsor it covers expenses comfortably, while in Reykjavik it requires careful planning or may not stretch far enough.

Families tend to lean toward Grand Falls-Windsor – lower housing and cheaper childcare make a real difference, especially on a single income or when paying for private education.

Both have safer and rougher neighborhoods, but overall safety is comparable to other large cities. Neighborhood choice matters more than the city-level comparison – central, well-trafficked areas feel secure in both.

If budget matters most, go with Grand Falls-Windsor. If higher salaries, better infrastructure, or specific career opportunities are the priority, Reykjavik makes more sense. Both are solid long-term options with distinct trade-offs.