Last update: Oct 2026

Cost of Living Comparison Between Reykjavik and Bridgewater, NS

For one person, living is cheaper in Bridgewater, NS: $3,671 a month against $4,037 in Reykjavik, rent and utilities included – about $4,400 less a year. The total is higher in Reykjavik despite lower rent and utilities.

193

Cost of Living Index in Reykjavik
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Reykjavik Living Index
178

Cost of Living Index in Bridgewater, NS
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Bridgewater, NS Living Index

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Reykjavik

🇮🇸 Iceland

$4,037

/mo nomad

Bridgewater, NS

🇨🇦 Canada

$3,671

/mo nomad

Monthly Cost of Living

How much you'll spend in Reykjavik and in Bridgewater, NS

Real prices from locals and on-the-ground checks – rent, groceries, transit and the daily extras. Here's what a month in Reykjavik and in Bridgewater, NS actually costs, broken down by who's living it.

A single person spends $4,037 per month in Reykjavik vs $3,671 in Bridgewater, NS, rent included.

Reykjavik $4,037
Bridgewater, NS $3,671

A couple spends around $5,666 per month in Reykjavik vs $4,033 in Bridgewater, NS, rent included.

Reykjavik $5,666
Bridgewater, NS $4,033

A family of three spends $7,295 per month in Reykjavik vs $4,395 in Bridgewater, NS, rent included.

Reykjavik $7,295
Bridgewater, NS $4,395

Reykjavik costs about 10% more than Bridgewater, NS, and outside of rent the biggest gap is in eating out.

Both Reykjavik and Bridgewater, NS sit above the global median – Reykjavik by 201%, Bridgewater, NS by 174%.

Meal at Budget Restaurant

$30.59 ISK 3,730

$18.32 CA$26.11

66.98%

Three-Course Dinner for Two, Mid-Range

$136 ISK 16.5K

$65.7 CA$93.7

106.26%

Fast Food Meal (McDonalds, etc)

$27.08 ISK 3,302

$10.36 CA$14.77

161.39%

Cappuccino

$6.72 ISK 819

$3.48 CA$4.96

93.10%

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

$3.27 ISK 399

$1.73 CA$2.46

89.02%

Water (0.33 liter bottle)

$3.16 ISK 386

$1.85 CA$2.63

70.81%

Local Beer (0.5 liter draught)

$13.91 ISK 1,696

$4.47 CA$6.38

211.19%

Imported Beer (0.33 liter bottle)

$12.06 ISK 1,470

$5.47 CA$7.80

120.48%

Milk (1 liter)

$2.04 ISK 248

$2.13 CA$3.04

-4.23%

White Bread (500g)

$4.32 ISK 527

$2.67 CA$3.80

61.80%

Rice (white) (1kg)

$3.67 ISK 447

$3.34 CA$4.76

9.88%

Eggs

$7.02 ISK 856

$3.66 CA$5.22

91.80%

Local Cheese (1kg)

$22.01 ISK 2,684

$9.37 CA$13.36

134.90%

Chicken Fillets (1kg)

$24.70 ISK 3,012

$14.80 CA$21.09

66.89%

Beef Round Steak (1kg)

$42.66 ISK 5,202

$11.34 CA$16.16

276.19%

Apples (1kg)

$3.37 ISK 412

$5.26 CA$7.49

-35.93%

Banana (1kg)

$2.85 ISK 347

$1.55 CA$2.21

83.87%

Oranges (1kg)

$3.17 ISK 387

$4.70 CA$6.70

-32.55%

Tomato (1kg)

$6.39 ISK 779

$3.97 CA$5.66

60.96%

Potato (1kg)

$4.01 ISK 489

$2.06 CA$2.94

94.66%

Onion (1kg)

$1.64 ISK 200

$1.98 CA$2.82

-17.17%

Lettuce (1 head)

$3.80 ISK 463

$2.47 CA$3.52

53.85%

Water (1.5 liter bottle)

$1.74 ISK 212

$2.15 CA$3.06

-19.07%

Cigarettes 20 Pack (Marlboro, Camel)

$13.80 ISK 1,682

$11.05 CA$15.76

24.89%

Wine (Bottle)

$23.38 ISK 2,851

$14.28 CA$20.36

63.73%

Local Beer (0.5 liter bottle)

$3.53 ISK 430

$2.86 CA$4.08

23.43%

Imported Beer (0.33 liter bottle)

$3.45 ISK 420

$3.75 CA$5.34

-8.00%

One-way Ticket (Public Transport)

$5.77 ISK 704

$4.11 CA$5.86

40.39%

Public Transport Monthly Pass (Regular Price)

$95.1 ISK 11.6K

$36.57 CA$52.1

160.16%

Taxi Start (Normal Tariff)

$6.63 ISK 808

$2.79 CA$3.98

137.63%

Taxi (Normal Tariff) (1km)

$2.79 ISK 341

$1.36 CA$1.94

105.15%

Taxi 1hour Waiting (Normal Tariff)

$81.4 ISK 9,923

$20.99 CA$29.92

287.66%

Gasoline (1 liter)

$2.11 ISK 257

$1.15 CA$1.64

83.48%

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

$50.8K ISK 6.2M

$27.5K CA$39.1K

85.02%

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

$52.7K ISK 6.4M

$19.1K CA$27.2K

176.46%

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

$88.7 ISK 10.8K

$121 CA$172

-26.44%

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

$31.53 ISK 3,845

$41.54 CA$59.2

-24.10%

Internet (50+ Mbps, Unlimited Data)

$84.6 ISK 10.3K

$64.1 CA$91.3

32.08%

Gym Membership (Monthly)

$100 ISK 12.2K

$40.11 CA$57.2

150.26%

Tennis Court (1 Hour on Weekend)

$48.20 ISK 5,877

Cinema Ticket

$19.87 ISK 2,424

$10.34 CA$14.74

92.17%

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

$1,277 ISK 155.8K

$141 CA$201

806.80%

International Primary School, 1 Child (Yearly)

$31.0K ISK 3.8M

$13.0K CA$18.6K

137.79%

Jeans (Levis 501 Or Similar)

$161 ISK 19.6K

$36.96 CA$52.7

335.23%

Summer Dress (H&M, Zara, etc)

$64.9 ISK 7,914

$29.25 CA$41.70

121.88%

Sport Shoes (Adidas, Nike)

$183 ISK 22.3K

$93.2 CA$133

96.01%

Men's Leather Business Shoes

$254 ISK 31.0K

$116 CA$166

118.37%

1-bedroom Apartment, City Center (Monthly)

$2,499 ISK 304.8K

$1,722 CA$2,455

45.14%

1-bedroom Apartment, Outside City Center (Monthly)

$2,000 ISK 243.9K

$2,521 CA$3,594

-20.67%

3-bedroom Apartment, City Center (Monthly)

$3,452 ISK 421.0K

$3,521 CA$5,019

-1.97%

3-bedroom Apartment, Outside City Center (Monthly)

$2,742 ISK 334.4K

$1,778 CA$2,535

54.21%

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)

$4,691 ISK 572.0K

$2,350 CA$3,350

99.59%

20-Year Fixed Mortgage Interest Rate (Annual %)

8.81

4.6

91.52%

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

Last update for Reykjavik: October 4, 2026

Last update for Bridgewater, NS: October 5, 2026

Monthly budget structure

Share of the monthly basket for one person, rent included.

Accommodation & Living

Reykjavik

$2K 50.9%

Bridgewater, NS

$2.5K 69.2% 26.1% $521

Groceries & Markets

Reykjavik

$625 15.9%

Bridgewater, NS

$383 10.5% 38.8% $243

Eating Out

Reykjavik

$526 13.4%

Bridgewater, NS

$267 7.3% 49.2% $259

Clothing & Footwear

Reykjavik

$298 7.6%

Bridgewater, NS

$124 3.4% 58.4% $174

Monthly Utilities & Internet

Reykjavik

$205 5.2%

Bridgewater, NS

$226 6.2% 10.4% $21

Sport & Entertainment

Reykjavik

$140 3.6%

Bridgewater, NS

$61 1.7% 56.6% $79

Getting Around

Reykjavik

$139 3.5%

Bridgewater, NS

$63 1.7% 54.9% $76

Cost Breakdown

A central one-bedroom costs $2,499 in Reykjavik versus $1,722 in Bridgewater, NS. 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 100% 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 $136 in Reykjavik versus $66.0 in Bridgewater, NS. Monthly groceries follow the same trend: $625 vs $383 – making Bridgewater, NS the more affordable choice for daily food spending.

Good to know

🇮🇸 Reykjavik

🇨🇦 Bridgewater, NS

🕒 Local time

10:39 10:39 AM

07:39 7:39 AM

3 h behind Reykjavik

🌤 Weather

👥 Population

136,894 Capital

8,790

💱 Currency

Icelandic Króna ISK kr

Canadian Dollar CAD $

📈 Exchange rate

1,000 ISK = 8.2 USD

1,000 ISK = 7.32 EUR

1 CAD = 0.702 USD

1 CAD = 0.626 EUR

Exchange rates and currency converter

CAD, USD, EUR to ISK – Icelandic Króna Converter

🇺🇸 United States Dollar ($)

🇮🇸 Icelandic Króna (kr)

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 = 7.32 EUR).

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).

USD to ISK in detail →

On the map

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Reykjavik Bridgewater, NS 3,430 km ≈ 4 h 45 min nonstop flight

From you

Reykjavik
Bridgewater, NS

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

Reykjavik vs Bridgewater, NS: Cost of Living - Frequently Asked Questions

Reykjavik costs about 10% more than Bridgewater, NS, 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 $6,055 per month in Reykjavik and $5,507 in Bridgewater, NS. That covers rent, food, utilities, transport, and enough left over to feel settled – not just surviving.

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

Public transport costs about 160% less in Bridgewater, NS. For daily commuters, that gap adds up to noticeable savings over a year.

Kindergarten costs $1,277 per month in Reykjavik and $141 in Bridgewater, NS. For families with young kids, this one expense can tip the scales when choosing between the two cities.

$2,000 is a stretch for both – monthly costs hit $4,037 in Reykjavik and $3,671 in Bridgewater, NS. You'll need shared housing and careful budgeting no matter which city you pick.

For digital nomads, it depends on budget. Bridgewater, NS costs $3,671 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 Bridgewater, NS. 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.