Cost of Living Comparison Between Iceland and Canada Cost of Living Comparison Between Iceland and Canada

Name: Canada
Address: CA

😐 Solo nomad: Iceland is 54.4% more expensive than Canada without rent, and 60.1% more expensive with rent.

😐 Family of 3: Iceland is 59.1% more expensive than Canada without rent, and 51.5% more expensive with rent.

Meal at Budget Restaurant

$26.42 ISK 3,328

$18.38 CA$25.54

43.74%

Three-Course Dinner for Two, Mid-Range

$128 ISK 16.1K

$72.8 CA$101

75.41%

Fast Food Meal (McDonalds, etc)

$19.96 ISK 2,514

$10.87 CA$15.12

83.62%

Cappuccino

$5.99 ISK 755

$3.89 CA$5.40

53.98%

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

$3.32 ISK 418

$2.17 CA$3.02

53.00%

Water (0.33 liter bottle)

$2.62 ISK 330

$1.69 CA$2.35

55.03%

Local Beer (0.5 liter draught)

$12.09 ISK 1,523

$5.73 CA$7.97

110.99%

Imported Beer (0.33 liter bottle)

$10.65 ISK 1,341

$6.03 CA$8.38

76.62%

Milk (1 liter)

$1.95 ISK 246

$2.22 CA$3.08

-12.16%

White Bread (500g)

$4.21 ISK 531

$2.80 CA$3.89

50.36%

Rice (white) (1kg)

$3.59 ISK 452

$3.72 CA$5.16

-3.49%

Eggs

$6.41 ISK 808

$3.57 CA$4.96

79.55%

Local Cheese (1kg)

$18.74 ISK 2,360

$11.27 CA$15.67

66.28%

Chicken Fillets (1kg)

$23.89 ISK 3,010

$12.09 CA$16.81

97.60%

Beef Round Steak (1kg)

$42.05 ISK 5,298

$15.16 CA$21.07

177.37%

Apples (1kg)

$3.07 ISK 387

$4.28 CA$5.95

-28.27%

Banana (1kg)

$2.50 ISK 315

$1.49 CA$2.07

67.79%

Oranges (1kg)

$2.89 ISK 364

$3.83 CA$5.32

-24.54%

Tomato (1kg)

$4.96 ISK 625

$4.12 CA$5.73

20.39%

Potato (1kg)

$3.51 ISK 442

$2.65 CA$3.69

32.45%

Onion (1kg)

$2.28 ISK 287

$2.69 CA$3.74

-15.24%

Lettuce (1 head)

$3.09 ISK 390

$2.62 CA$3.64

17.94%

Water (1.5 liter bottle)

$2.17 ISK 274

$1.81 CA$2.52

19.89%

Cigarettes 20 Pack (Marlboro, Camel)

$14.28 ISK 1,799

$14.65 CA$20.36

-2.53%

Wine (Bottle)

$23.25 ISK 2,929

$13.04 CA$18.13

78.30%

Local Beer (0.5 liter bottle)

$3.72 ISK 468

$3.01 CA$4.18

23.59%

Imported Beer (0.33 liter bottle)

$3.20 ISK 404

$3.41 CA$4.74

-6.16%

One-way Ticket (Public Transport)

$5.29 ISK 666

$2.59 CA$3.61

104.25%

Public Transport Monthly Pass (Regular Price)

$84.2 ISK 10.6K

$75.5 CA$105

11.53%

Taxi Start (Normal Tariff)

$6.39 ISK 805

$3.52 CA$4.89

81.53%

Taxi (Normal Tariff) (1km)

$2.38 ISK 300

$1.53 CA$2.12

55.56%

Taxi 1hour Waiting (Normal Tariff)

$84.9 ISK 10.7K

$29.01 CA$40.33

192.59%

Gasoline (1 liter)

$2.54 ISK 320

$1.15 CA$1.60

120.87%

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

$47.1K ISK 5.9M

$24.6K CA$34.1K

91.75%

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

$54.5K ISK 6.9M

$20.9K CA$29.0K

160.97%

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

$90.6 ISK 11.4K

$157 CA$219

-42.42%

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

$27.40 ISK 3,451

$46.09 CA$64.1

-40.55%

Internet (50+ Mbps, Unlimited Data)

$88.2 ISK 11.1K

$62.3 CA$86.6

41.53%

Gym Membership (Monthly)

$82.6 ISK 10.4K

$42.85 CA$59.6

92.77%

Tennis Court (1 Hour on Weekend)

$37.13 ISK 4,677

$18.20 CA$25.30

104.01%

Cinema Ticket

$17.81 ISK 2,244

$11.63 CA$16.16

53.14%

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

$347 ISK 43.7K

$798 CA$1,110

-56.49%

International Primary School, 1 Child (Yearly)

$29.7K ISK 3.7M

$11.9K CA$16.5K

150.34%

Jeans (Levis 501 Or Similar)

$138 ISK 17.4K

$55.5 CA$77.2

148.22%

Summer Dress (H&M, Zara, etc)

$62.7 ISK 7,898

$42.29 CA$58.8

48.26%

Sport Shoes (Adidas, Nike)

$175 ISK 22.0K

$90.0 CA$125

94.21%

Men's Leather Business Shoes

$253 ISK 31.9K

$106 CA$148

138.06%

1-bedroom Apartment, City Center (Monthly)

$2,235 ISK 281.6K

$1,346 CA$1,871

66.09%

1-bedroom Apartment, Outside City Center (Monthly)

$1,977 ISK 249.1K

$1,199 CA$1,667

64.90%

3-bedroom Apartment, City Center (Monthly)

$3,150 ISK 396.8K

$2,170 CA$3,016

45.14%

3-bedroom Apartment, Outside City Center (Monthly)

$2,737 ISK 344.7K

$1,825 CA$2,537

49.94%

Buy Apartment in City Center (m2)

$7,399 ISK 932.0K

$4,916 CA$6,833

50.51%

Buy Apartment Outside City Center (m2)

$6,095 ISK 767.8K

$3,953 CA$5,494

54.19%

Average Monthly Net Salary (After Tax)

$4,487 ISK 565.2K

$2,974 CA$4,134

50.87%

20-Year Fixed Mortgage Interest Rate (Annual %)

9.88

6.33

56.08%

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

Last update for Iceland: January 13, 2026

Last update for Canada: January 11, 2026

Digital Nomad Cost of Living Index

Cost of Living Comparison Between Iceland and Canada Cost of Living Comparison Between Iceland and Canada

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