Last update: Oct 2026

Cost of Living Comparison Between Moncton and Reykjavik

For one person, living is cheaper in Moncton: $2,029 a month against $4,037 in Reykjavik, rent and utilities included – about $24,100 less a year. Rent and utilities account for most of the difference.

97

Cost of Living Index in Moncton
Learn more

Moncton Living Index
193

Cost of Living Index in Reykjavik
Learn more

Reykjavik Living Index

Jump to prices

Moncton

🇨🇦 Canada

$2,029

/mo nomad

Reykjavik

🇮🇸 Iceland

$4,037

/mo nomad

Monthly Cost of Living

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

A single person spends $2,029 per month in Moncton vs $4,037 in Reykjavik, rent included.

Moncton $2,029
Reykjavik $4,037

A couple spends around $3,066 per month in Moncton vs $5,666 in Reykjavik, rent included.

Moncton $3,066
Reykjavik $5,666

A family of three spends $4,103 per month in Moncton vs $7,295 in Reykjavik, rent included.

Moncton $4,103
Reykjavik $7,295

Moncton is about 50% cheaper than Reykjavik, and outside of rent the biggest gap is in eating out.

Both Moncton and Reykjavik sit above the global median – Moncton by 51%, Reykjavik by 201%.

Meal at Budget Restaurant

$18.44 CA$26.28

$30.59 ISK 3,730

-39.72%

Three-Course Dinner for Two, Mid-Range

$66.5 CA$94.7

$136 ISK 16.5K

-50.95%

Fast Food Meal (McDonalds, etc)

$10.45 CA$14.90

$27.08 ISK 3,302

-61.41%

Cappuccino

$3.51 CA$5.01

$6.72 ISK 819

-47.77%

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

$2.04 CA$2.90

$3.27 ISK 399

-37.61%

Water (0.33 liter bottle)

$1.88 CA$2.68

$3.16 ISK 386

-40.51%

Local Beer (0.5 liter draught)

$4.34 CA$6.19

$13.91 ISK 1,696

-68.80%

Imported Beer (0.33 liter bottle)

$5.62 CA$8.01

$12.06 ISK 1,470

-53.40%

Milk (1 liter)

$2.93 CA$4.17

$2.04 ISK 248

43.63%

White Bread (500g)

$2.77 CA$3.94

$4.32 ISK 527

-35.88%

Rice (white) (1kg)

$3.41 CA$4.86

$3.67 ISK 447

-7.08%

Eggs

$3.75 CA$5.34

$7.02 ISK 856

-46.58%

Local Cheese (1kg)

$13.08 CA$18.65

$22.01 ISK 2,684

-40.57%

Chicken Fillets (1kg)

$14.97 CA$21.34

$24.70 ISK 3,012

-39.39%

Beef Round Steak (1kg)

$13.10 CA$18.67

$42.66 ISK 5,202

-69.29%

Apples (1kg)

$5.41 CA$7.71

$3.37 ISK 412

60.53%

Banana (1kg)

$1.61 CA$2.29

$2.85 ISK 347

-43.51%

Oranges (1kg)

$4.61 CA$6.57

$3.17 ISK 387

45.43%

Tomato (1kg)

$5.63 CA$8.03

$6.39 ISK 779

-11.89%

Potato (1kg)

$2.06 CA$2.94

$4.01 ISK 489

-48.63%

Onion (1kg)

$2.09 CA$2.98

$1.64 ISK 200

27.44%

Lettuce (1 head)

$2.46 CA$3.51

$3.80 ISK 463

-35.26%

Water (1.5 liter bottle)

$2.12 CA$3.02

$1.74 ISK 212

21.84%

Cigarettes 20 Pack (Marlboro, Camel)

$14.08 CA$20.07

$13.80 ISK 1,682

2.03%

Wine (Bottle)

$13.79 CA$19.66

$23.38 ISK 2,851

-41.02%

Local Beer (0.5 liter bottle)

$3.29 CA$4.69

$3.53 ISK 430

-6.80%

Imported Beer (0.33 liter bottle)

$4.10 CA$5.84

$3.45 ISK 420

18.84%

One-way Ticket (Public Transport)

$2.06 CA$2.93

$5.77 ISK 704

-64.30%

Public Transport Monthly Pass (Regular Price)

$48.93 CA$69.8

$95.1 ISK 11.6K

-48.57%

Taxi Start (Normal Tariff)

$2.81 CA$4.00

$6.63 ISK 808

-57.62%

Taxi (Normal Tariff) (1km)

$1.37 CA$1.95

$2.79 ISK 341

-50.90%

Taxi 1hour Waiting (Normal Tariff)

$21.07 CA$30.03

$81.4 ISK 9,923

-74.11%

Gasoline (1 liter)

$1.24 CA$1.77

$2.11 ISK 257

-41.23%

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

$27.8K CA$39.6K

$50.8K ISK 6.2M

-45.37%

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

$19.1K CA$27.2K

$52.7K ISK 6.4M

-63.87%

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

$121 CA$172

$88.7 ISK 10.8K

36.27%

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

$41.64 CA$59.4

$31.53 ISK 3,845

32.06%

Internet (50+ Mbps, Unlimited Data)

$63.0 CA$89.8

$84.6 ISK 10.3K

-25.56%

Gym Membership (Monthly)

$48.21 CA$68.7

$100 ISK 12.2K

-51.97%

Tennis Court (1 Hour on Weekend)

$11.09 CA$15.81

$48.20 ISK 5,877

-76.99%

Cinema Ticket

$12.59 CA$17.95

$19.87 ISK 2,424

-36.64%

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

$372 CA$530

$1,277 ISK 155.8K

-70.87%

International Primary School, 1 Child (Yearly)

$13.3K CA$19.0K

$31.0K ISK 3.8M

-57.04%

Jeans (Levis 501 Or Similar)

$59.7 CA$85.1

$161 ISK 19.6K

-62.88%

Summer Dress (H&M, Zara, etc)

$35.30 CA$50.3

$64.9 ISK 7,914

-45.61%

Sport Shoes (Adidas, Nike)

$102 CA$145

$183 ISK 22.3K

-44.25%

Men's Leather Business Shoes

$119 CA$170

$254 ISK 31.0K

-53.06%

1-bedroom Apartment, City Center (Monthly)

$1,011 CA$1,442

$2,499 ISK 304.8K

-59.54%

1-bedroom Apartment, Outside City Center (Monthly)

$800 CA$1,141

$2,000 ISK 243.9K

-59.98%

3-bedroom Apartment, City Center (Monthly)

$1,579 CA$2,251

$3,452 ISK 421.0K

-54.26%

3-bedroom Apartment, Outside City Center (Monthly)

$1,333 CA$1,900

$2,742 ISK 334.4K

-51.41%

Buy Apartment in City Center (m2)

$2,160 CA$3,079

$8,001 ISK 975.7K

-73.00%

Buy Apartment Outside City Center (m2)

$2,070 CA$2,951

$6,249 ISK 762.1K

-66.87%

Average Monthly Net Salary (After Tax)

$2,417 CA$3,445

$4,691 ISK 572.0K

-48.48%

20-Year Fixed Mortgage Interest Rate (Annual %)

4.6

8.81

-47.79%

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

Last update for Moncton: 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

Moncton

$800 40.1%

Reykjavik

$2K 50.9% 150% $1.2K

Groceries & Markets

Moncton

$420 21%

Reykjavik

$625 15.9% 48.8% $205

Eating Out

Moncton

$270 13.5%

Reykjavik

$526 13.4% 95.1% $256

Monthly Utilities & Internet

Moncton

$225 11.3%

Reykjavik

$205 5.2% 9.2% $21

Clothing & Footwear

Moncton

$142 7.1%

Reykjavik

$298 7.6% 110% $156

Sport & Entertainment

Moncton

$73 3.7%

Reykjavik

$140 3.6% 90.9% $67

Getting Around

Moncton

$67 3.3%

Reykjavik

$139 3.5% 108% $72

Cost Breakdown

A central one-bedroom costs $1,011 in Moncton 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.

Salaries run about 94% higher in Reykjavik, which partly offsets the higher cost of living there. Purchasing power depends on which expenses matter most to you.

A mid-range dinner for two costs $66.0 in Moncton versus $136 in Reykjavik. Monthly groceries follow the same trend: $420 vs $625 – making Moncton the more affordable choice for daily food spending.

Good to know

🇨🇦 Moncton

🇮🇸 Reykjavik

🕒 Local time

02:33 2:33 AM

05:33 5:33 AM

3 h ahead of Moncton

🌤 Weather

👥 Population

80,000

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

Lowest

Highest

Between locations

Moncton Reykjavik 3,280 km ≈ 4 h 30 min nonstop flight

From you

Moncton
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

Moncton vs Reykjavik: Cost of Living - Frequently Asked Questions

Monthly costs with rent: $2,029 in Moncton, $4,037 in Reykjavik – roughly 99% apart. Outside of rent, the biggest gap is in eating out.

For a comfortable life, plan on about $3,044 per month in Moncton 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 Moncton, especially for central apartments. Housing is actually the single biggest factor behind the overall cost gap between these two cities.

A mid-range dinner for two costs $66.0 in Moncton and $136 in Reykjavik. That's a good indicator of the overall restaurant and café pricing gap between the two cities.

Monthly expenses with rent come to $2,029 in Moncton and $4,037 in Reykjavik. That's a gap of about 99%.

A $3,000 monthly budget goes further in Moncton, where all-in costs run around $2,029, than in Reykjavik at $4,037. In Moncton it covers expenses comfortably, while in Reykjavik it requires careful planning or may not stretch far enough.

It depends on your priorities. Reykjavik has an edge in some lifestyle areas, with costs from $2,029 in Moncton to $4,037 in Reykjavik. Climate, culture, job market, and personal taste all factor in.

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 Moncton. 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.