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

Name: Canada
Address: CA

😐 Solo nomad: Iceland is 56.3% more expensive than Canada without rent, and 54.9% more expensive with rent.

😐 Family of 3: Iceland is 56.2% more expensive than Canada without rent, and 51.7% more expensive with rent.

Meal at Budget Restaurant

$26.93 ISK 3,293

$18.25 CA$25.01

47.56%

Three-Course Dinner for Two, Mid-Range

$127 ISK 15.5K

$72.9 CA$99.8

73.88%

Fast Food Meal (McDonalds, etc)

$20.36 ISK 2,489

$11.06 CA$15.16

84.09%

Cappuccino

$5.84 ISK 714

$3.72 CA$5.10

56.99%

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

$3.29 ISK 403

$2.17 CA$2.97

51.61%

Water (0.33 liter bottle)

$2.68 ISK 328

$1.67 CA$2.29

60.48%

Local Beer (0.5 liter draught)

$12.22 ISK 1,494

$6.01 CA$8.24

103.33%

Imported Beer (0.33 liter bottle)

$10.49 ISK 1,282

$6.06 CA$8.30

73.10%

Milk (1 liter)

$1.94 ISK 238

$2.31 CA$3.17

-16.02%

White Bread (500g)

$4.17 ISK 509

$2.65 CA$3.63

57.36%

Rice (white) (1kg)

$3.57 ISK 437

$3.60 CA$4.93

-0.83%

Eggs

$6.38 ISK 779

$3.57 CA$4.89

78.71%

Local Cheese (1kg)

$18.51 ISK 2,263

$11.60 CA$15.89

59.57%

Chicken Fillets (1kg)

$24.46 ISK 2,990

$12.44 CA$17.04

96.62%

Beef Round Steak (1kg)

$42.80 ISK 5,232

$15.25 CA$20.89

180.66%

Apples (1kg)

$3.18 ISK 389

$4.33 CA$5.94

-26.56%

Banana (1kg)

$2.43 ISK 297

$1.45 CA$1.99

67.59%

Oranges (1kg)

$2.83 ISK 346

$3.78 CA$5.18

-25.13%

Tomato (1kg)

$5.10 ISK 624

$4.21 CA$5.77

21.14%

Potato (1kg)

$3.51 ISK 429

$2.69 CA$3.68

30.48%

Onion (1kg)

$2.28 ISK 278

$2.75 CA$3.77

-17.09%

Lettuce (1 head)

$3.17 ISK 388

$2.52 CA$3.45

25.79%

Water (1.5 liter bottle)

$2.25 ISK 275

$1.86 CA$2.54

20.97%

Cigarettes 20 Pack (Marlboro, Camel)

$14.21 ISK 1,737

$14.70 CA$20.14

-3.33%

Wine (Bottle)

$22.03 ISK 2,693

$13.06 CA$17.90

68.68%

Local Beer (0.5 liter bottle)

$3.59 ISK 439

$3.00 CA$4.10

19.67%

Imported Beer (0.33 liter bottle)

$3.15 ISK 385

$3.37 CA$4.61

-6.53%

One-way Ticket (Public Transport)

$5.30 ISK 648

$2.62 CA$3.59

102.29%

Public Transport Monthly Pass (Regular Price)

$83.8 ISK 10.2K

$75.5 CA$103

10.88%

Taxi Start (Normal Tariff)

$6.16 ISK 753

$3.50 CA$4.79

76.00%

Taxi (Normal Tariff) (1km)

$2.27 ISK 278

$1.49 CA$2.04

52.35%

Taxi 1hour Waiting (Normal Tariff)

$86.0 ISK 10.5K

$28.59 CA$39.17

200.77%

Gasoline (1 liter)

$2.48 ISK 303

$1.15 CA$1.58

115.65%

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

$47.5K ISK 5.8M

$24.8K CA$33.9K

91.89%

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

$52.8K ISK 6.5M

$20.9K CA$28.6K

152.85%

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

$91.0 ISK 11.1K

$152 CA$208

-40.21%

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

$27.81 ISK 3,400

$45.94 CA$62.9

-39.46%

Internet (50+ Mbps, Unlimited Data)

$88.4 ISK 10.8K

$64.0 CA$87.7

38.09%

Gym Membership (Monthly)

$82.4 ISK 10.1K

$42.93 CA$58.8

91.85%

Tennis Court (1 Hour on Weekend)

$38.19 ISK 4,668

$17.73 CA$24.29

115.40%

Cinema Ticket

$17.73 ISK 2,168

$11.48 CA$15.72

54.44%

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

$346 ISK 42.3K

$810 CA$1,110

-57.34%

International Primary School, 1 Child (Yearly)

$29.6K ISK 3.6M

$12.3K CA$16.8K

140.83%

Jeans (Levis 501 Or Similar)

$137 ISK 16.7K

$55.5 CA$76.0

146.75%

Summer Dress (H&M, Zara, etc)

$64.0 ISK 7,819

$41.89 CA$57.4

52.71%

Sport Shoes (Adidas, Nike)

$173 ISK 21.1K

$90.1 CA$123

91.62%

Men's Leather Business Shoes

$249 ISK 30.4K

$106 CA$146

134.19%

1-bedroom Apartment, City Center (Monthly)

$2,170 ISK 265.3K

$1,340 CA$1,836

61.93%

1-bedroom Apartment, Outside City Center (Monthly)

$1,995 ISK 243.9K

$1,217 CA$1,668

63.88%

3-bedroom Apartment, City Center (Monthly)

$3,122 ISK 381.6K

$2,186 CA$2,995

42.83%

3-bedroom Apartment, Outside City Center (Monthly)

$2,691 ISK 329.0K

$1,828 CA$2,505

47.21%

Buy Apartment in City Center (m2)

$7,697 ISK 940.9K

$4,863 CA$6,663

58.27%

Buy Apartment Outside City Center (m2)

$6,250 ISK 764.0K

$3,966 CA$5,434

57.57%

Average Monthly Net Salary (After Tax)

$4,656 ISK 569.1K

$3,042 CA$4,167

53.05%

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: April 12, 2026

Last update for Canada: April 11, 2026

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

Iceland vs other spots: cost of living compared

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

City Median Internet Speeds Comparison (Updated April 2026)

Iceland

Canada

Iceland

Canada

Iceland vs other spots: cost of living compared

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