Last update: Oct 2026

Cost of Living Comparison Between New Glasgow Nova Scotia and Reykjavik

For one person, living is cheaper in New Glasgow Nova Scotia: $2,025 a month against $4,037 in Reykjavik, rent and utilities included – about $24,100 less a year. Rent and utilities account for about half of the difference.

98

Cost of Living Index in New Glasgow Nova Scotia
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New Glasgow Nova Scotia Living Index
193

Cost of Living Index in Reykjavik
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Reykjavik Living Index

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New Glasgow Nova Scotia

🇨🇦 Canada

$2,025

/mo nomad

Reykjavik

🇮🇸 Iceland

$4,037

/mo nomad

Monthly Cost of Living

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

A single person spends $2,025 per month in New Glasgow Nova Scotia vs $4,037 in Reykjavik, rent included.

New Glasgow Nova Scotia $2,025
Reykjavik $4,037

A couple spends around $3,019 per month in New Glasgow Nova Scotia vs $5,666 in Reykjavik, rent included.

New Glasgow Nova Scotia $3,019
Reykjavik $5,666

A family of three spends $4,012 per month in New Glasgow Nova Scotia vs $7,295 in Reykjavik, rent included.

New Glasgow Nova Scotia $4,012
Reykjavik $7,295

New Glasgow Nova Scotia is about 50% cheaper than Reykjavik, and outside of rent the biggest gap is in eating out.

Both New Glasgow Nova Scotia and Reykjavik sit above the global median – New Glasgow Nova Scotia by 51%, Reykjavik by 201%.

Meal at Budget Restaurant

$18.54 CA$26.42

$30.59 ISK 3,730

-39.39%

Three-Course Dinner for Two, Mid-Range

$56.2 CA$80.1

$136 ISK 16.5K

-58.56%

Fast Food Meal (McDonalds, etc)

$10.61 CA$15.13

$27.08 ISK 3,302

-60.82%

Cappuccino

$3.46 CA$4.94

$6.72 ISK 819

-48.51%

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

$2.03 CA$2.89

$3.27 ISK 399

-37.92%

Water (0.33 liter bottle)

$1.82 CA$2.59

$3.16 ISK 386

-42.41%

Local Beer (0.5 liter draught)

$3.65 CA$5.20

$13.91 ISK 1,696

-73.76%

Imported Beer (0.33 liter bottle)

$4.66 CA$6.65

$12.06 ISK 1,470

-61.36%

Milk (1 liter)

$1.89 CA$2.69

$2.04 ISK 248

-7.35%

White Bread (500g)

$2.73 CA$3.90

$4.32 ISK 527

-36.81%

Rice (white) (1kg)

$3.43 CA$4.89

$3.67 ISK 447

-6.54%

Eggs

$3.54 CA$5.05

$7.02 ISK 856

-49.57%

Local Cheese (1kg)

$13.39 CA$19.08

$22.01 ISK 2,684

-39.16%

Chicken Fillets (1kg)

$9.58 CA$13.66

$24.70 ISK 3,012

-61.21%

Beef Round Steak (1kg)

$13.00 CA$18.53

$42.66 ISK 5,202

-69.53%

Apples (1kg)

$5.42 CA$7.73

$3.37 ISK 412

60.83%

Banana (1kg)

$1.38 CA$1.96

$2.85 ISK 347

-51.58%

Oranges (1kg)

$4.59 CA$6.55

$3.17 ISK 387

44.79%

Tomato (1kg)

$4.30 CA$6.13

$6.39 ISK 779

-32.71%

Potato (1kg)

$2.00 CA$2.85

$4.01 ISK 489

-50.12%

Onion (1kg)

$2.08 CA$2.96

$1.64 ISK 200

26.83%

Lettuce (1 head)

$2.16 CA$3.08

$3.80 ISK 463

-43.16%

Water (1.5 liter bottle)

$2.13 CA$3.04

$1.74 ISK 212

22.41%

Cigarettes 20 Pack (Marlboro, Camel)

$14.28 CA$20.36

$13.80 ISK 1,682

3.48%

Wine (Bottle)

$13.81 CA$19.68

$23.38 ISK 2,851

-40.93%

Local Beer (0.5 liter bottle)

$3.26 CA$4.65

$3.53 ISK 430

-7.65%

Imported Beer (0.33 liter bottle)

$4.03 CA$5.75

$3.45 ISK 420

16.81%

One-way Ticket (Public Transport)

$5.77 ISK 704

Public Transport Monthly Pass (Regular Price)

$56.3 CA$80.3

$95.1 ISK 11.6K

-40.81%

Taxi Start (Normal Tariff)

$2.81 CA$4.01

$6.63 ISK 808

-57.62%

Taxi (Normal Tariff) (1km)

$1.31 CA$1.87

$2.79 ISK 341

-53.05%

Taxi 1hour Waiting (Normal Tariff)

$20.70 CA$29.50

$81.4 ISK 9,923

-74.56%

Gasoline (1 liter)

$1.09 CA$1.55

$2.11 ISK 257

-48.34%

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

$27.7K CA$39.4K

$50.8K ISK 6.2M

-45.56%

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

$19.3K CA$27.5K

$52.7K ISK 6.4M

-63.48%

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

$123 CA$176

$88.7 ISK 10.8K

39.26%

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

$40.94 CA$58.4

$31.53 ISK 3,845

29.84%

Internet (50+ Mbps, Unlimited Data)

$56.8 CA$81.0

$84.6 ISK 10.3K

-32.88%

Gym Membership (Monthly)

$46.22 CA$65.9

$100 ISK 12.2K

-53.95%

Tennis Court (1 Hour on Weekend)

$48.20 ISK 5,877

Cinema Ticket

$12.73 CA$18.14

$19.87 ISK 2,424

-35.93%

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

$377 CA$537

$1,277 ISK 155.8K

-70.48%

International Primary School, 1 Child (Yearly)

$13.1K CA$18.7K

$31.0K ISK 3.8M

-57.69%

Jeans (Levis 501 Or Similar)

$59.6 CA$85.0

$161 ISK 19.6K

-62.93%

Summer Dress (H&M, Zara, etc)

$34.96 CA$49.83

$64.9 ISK 7,914

-46.13%

Sport Shoes (Adidas, Nike)

$103 CA$146

$183 ISK 22.3K

-43.87%

Men's Leather Business Shoes

$116 CA$165

$254 ISK 31.0K

-54.29%

1-bedroom Apartment, City Center (Monthly)

$1,066 CA$1,519

$2,499 ISK 304.8K

-57.37%

1-bedroom Apartment, Outside City Center (Monthly)

$872 CA$1,243

$2,000 ISK 243.9K

-56.40%

3-bedroom Apartment, City Center (Monthly)

$1,539 CA$2,194

$3,452 ISK 421.0K

-55.41%

3-bedroom Apartment, Outside City Center (Monthly)

$1,517 CA$2,162

$2,742 ISK 334.4K

-44.68%

Buy Apartment in City Center (m2)

$8,001 ISK 975.7K

Buy Apartment Outside City Center (m2)

$6,249 ISK 762.1K

Average Monthly Net Salary (After Tax)

$2,473 CA$3,525

$4,691 ISK 572.0K

-47.28%

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 New Glasgow Nova Scotia: 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

New Glasgow Nova Scotia

$872 43.4%

Reykjavik

$2K 50.9% 129% $1.1K

Groceries & Markets

New Glasgow Nova Scotia

$373 18.6%

Reykjavik

$625 15.9% 67.7% $252

Eating Out

New Glasgow Nova Scotia

$265 13.2%

Reykjavik

$526 13.4% 98.7% $261

Monthly Utilities & Internet

New Glasgow Nova Scotia

$221 11%

Reykjavik

$205 5.2% 7.4% $16

Clothing & Footwear

New Glasgow Nova Scotia

$141 7%

Reykjavik

$298 7.6% 112% $157

Sport & Entertainment

New Glasgow Nova Scotia

$72 3.6%

Reykjavik

$140 3.6% 95.5% $68

Getting Around

New Glasgow Nova Scotia

$66 * 3.3%

Reykjavik

$139 3.5% 111% $73

Categories marked with * are only partly priced – their share counts the items that do have prices.

Cost Breakdown

A central one-bedroom costs $1,066 in New Glasgow Nova Scotia 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 90% 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 $56.0 in New Glasgow Nova Scotia versus $136 in Reykjavik. Monthly groceries follow the same trend: $373 vs $625 – making New Glasgow Nova Scotia the more affordable choice for daily food spending.

Good to know

🇨🇦 New Glasgow Nova Scotia

🇮🇸 Reykjavik

🕒 Local time

07:48 7:48 AM

10:48 10:48 AM

3 h ahead of New Glasgow Nova Scotia

🌤 Weather

👥 Population

18,665

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 = 7.32 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 11, 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 11, 2026: 1 USD = 122 ISK (1,000 ISK = 8.2 USD). 1 EUR = 137 ISK (1,000 ISK = 7.32 EUR).

USD to CAD in detail →

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New Glasgow Nova Scotia Reykjavik 3,230 km ≈ 4 h 30 min nonstop flight

From you

New Glasgow Nova Scotia
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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

New Glasgow Nova Scotia vs Reykjavik: Cost of Living - Frequently Asked Questions

Reykjavik costs about 99% more than New Glasgow Nova Scotia, and outside of rent the gap comes mainly from eating out. That's enough to noticeably affect everyday spending and lifestyle for anyone choosing between the two.

For a comfortable life, plan on about $3,038 per month in New Glasgow Nova Scotia 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 New Glasgow Nova Scotia, especially for central apartments. Housing is actually the single biggest factor behind the overall cost gap between these two cities.

Groceries cost about 68% more in Reykjavik, though it depends on what you buy. Local produce may be comparable; imported and premium items show the biggest price gap.

A mid-range dinner for two costs $56.0 in New Glasgow Nova Scotia and $136 in Reykjavik. That's a good indicator of the overall restaurant and café pricing gap between the two cities.

A $2,000 monthly budget goes further in New Glasgow Nova Scotia, where all-in costs run around $2,025, than in Reykjavik at $4,037. In New Glasgow Nova Scotia it covers expenses comfortably, while in Reykjavik it requires careful planning or may not stretch far enough.

For digital nomads, it depends on budget. New Glasgow Nova Scotia costs $2,025 versus $4,037 in Reykjavik. Both have workable remote work infrastructure, but the cost gap matters when income varies month to month.

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 New Glasgow Nova Scotia. 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.