Last update: Oct 2026

Cost of Living Comparison Between Reykjavik and Corner Brook

For one person, living is cheaper in Corner Brook: $2,232 a month against $4,037 in Reykjavik, rent and utilities included – about $21,700 less a year. Other living expenses account for most of the difference.

193

Cost of Living Index in Reykjavik
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Reykjavik Living Index
108

Cost of Living Index in Corner Brook
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Corner Brook Living Index

Jump to prices

Reykjavik

🇮🇸 Iceland

$4,037

/mo nomad

Corner Brook

🇨🇦 Canada

$2,232

/mo nomad

Monthly Cost of Living

How much you'll spend in Reykjavik and in Corner Brook

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 Corner Brook actually costs, broken down by who's living it.

Monthly costs for one person with rent: $4,037 in Reykjavik versus $2,232 in Corner Brook.

Reykjavik $4,037
Corner Brook $2,232

Estimated couple costs with rent: $5,666 in Reykjavik versus $3,257 in Corner Brook.

Reykjavik $5,666
Corner Brook $3,257

Monthly costs for a family of three with rent: $7,295 in Reykjavik versus $4,282 in Corner Brook.

Reykjavik $7,295
Corner Brook $4,282

Living in Reykjavik is roughly 81% more expensive than in Corner Brook, and outside of rent the biggest gap is in groceries.

Both cities are pricier than the global median: Reykjavik 201% above, Corner Brook 67% above.

Meal at Budget Restaurant

$30.59 ISK 3,727

$17.51 CA$24.91

74.70%

Three-Course Dinner for Two, Mid-Range

$136 ISK 16.5K

$62.7 CA$89.2

115.99%

Fast Food Meal (McDonalds, etc)

$27.08 ISK 3,300

$10.32 CA$14.68

162.40%

Cappuccino

$6.72 ISK 818

$3.65 CA$5.20

84.11%

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

$3.27 ISK 399

$1.93 CA$2.75

69.43%

Water (0.33 liter bottle)

$3.16 ISK 386

$1.58 CA$2.24

100.00%

Local Beer (0.5 liter draught)

$13.91 ISK 1,695

$5.22 CA$7.42

166.48%

Imported Beer (0.33 liter bottle)

$12.06 ISK 1,469

$5.54 CA$7.87

117.69%

Milk (1 liter)

$2.04 ISK 248

$2.04 CA$2.90

White Bread (500g)

$4.32 ISK 526

$2.49 CA$3.55

73.49%

Rice (white) (1kg)

$3.67 ISK 447

$3.29 CA$4.68

11.55%

Eggs

$7.02 ISK 855

$3.33 CA$4.74

110.81%

Local Cheese (1kg)

$22.01 ISK 2,682

$8.59 CA$12.22

156.23%

Chicken Fillets (1kg)

$24.70 ISK 3,009

$14.68 CA$20.89

68.26%

Beef Round Steak (1kg)

$42.66 ISK 5,198

$14.45 CA$20.56

195.22%

Apples (1kg)

$3.37 ISK 411

$3.73 CA$5.31

-9.65%

Banana (1kg)

$2.85 ISK 347

$1.28 CA$1.82

122.66%

Oranges (1kg)

$3.17 ISK 387

$3.71 CA$5.27

-14.56%

Tomato (1kg)

$6.39 ISK 779

$3.75 CA$5.34

70.40%

Potato (1kg)

$4.01 ISK 489

$2.54 CA$3.61

57.87%

Onion (1kg)

$1.64 ISK 200

$2.22 CA$3.16

-26.13%

Lettuce (1 head)

$3.80 ISK 462

$2.18 CA$3.11

74.31%

Water (1.5 liter bottle)

$1.74 ISK 212

$1.51 CA$2.14

15.23%

Cigarettes 20 Pack (Marlboro, Camel)

$13.80 ISK 1,681

$13.39 CA$19.05

3.06%

Wine (Bottle)

$23.38 ISK 2,849

$12.21 CA$17.37

91.48%

Local Beer (0.5 liter bottle)

$3.53 ISK 430

$2.66 CA$3.78

32.71%

Imported Beer (0.33 liter bottle)

$3.45 ISK 420

$3.29 CA$4.67

4.86%

One-way Ticket (Public Transport)

$5.77 ISK 703

$2.32 CA$3.30

148.71%

Public Transport Monthly Pass (Regular Price)

$95.1 ISK 11.6K

$61.7 CA$87.7

54.32%

Taxi Start (Normal Tariff)

$6.63 ISK 808

$2.99 CA$4.25

121.74%

Taxi (Normal Tariff) (1km)

$2.79 ISK 340

$1.42 CA$2.02

96.48%

Taxi 1hour Waiting (Normal Tariff)

$81.4 ISK 9,915

$22.41 CA$31.88

263.10%

Gasoline (1 liter)

$2.11 ISK 257

$1.25 CA$1.78

68.80%

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

$50.8K ISK 6.2M

$29.6K CA$42.2K

71.48%

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

$52.7K ISK 6.4M

$16.2K CA$23.1K

224.81%

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

$88.7 ISK 10.8K

$134 CA$191

-33.81%

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

$31.53 ISK 3,842

$27.83 CA$39.58

13.30%

Internet (50+ Mbps, Unlimited Data)

$84.6 ISK 10.3K

$51.3 CA$72.9

65.09%

Gym Membership (Monthly)

$100 ISK 12.2K

$40.81 CA$58.1

145.97%

Tennis Court (1 Hour on Weekend)

$48.20 ISK 5,873

$19.48 CA$27.70

147.43%

Cinema Ticket

$19.87 ISK 2,422

$9.51 CA$13.53

108.94%

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

$1,277 ISK 155.7K

$673 CA$957

89.95%

International Primary School, 1 Child (Yearly)

$31.0K ISK 3.8M

$13.3K CA$18.9K

132.83%

Jeans (Levis 501 Or Similar)

$161 ISK 19.6K

$52.0 CA$74.0

209.35%

Summer Dress (H&M, Zara, etc)

$64.9 ISK 7,908

$37.87 CA$53.9

71.38%

Sport Shoes (Adidas, Nike)

$183 ISK 22.3K

$85.3 CA$121

114.14%

Men's Leather Business Shoes

$254 ISK 30.9K

$113 CA$160

125.35%

1-bedroom Apartment, City Center (Monthly)

$2,499 ISK 304.6K

$1,229 CA$1,749

103.32%

1-bedroom Apartment, Outside City Center (Monthly)

$2,000 ISK 243.7K

$1,134 CA$1,613

76.38%

3-bedroom Apartment, City Center (Monthly)

$3,452 ISK 420.6K

$1,968 CA$2,800

75.38%

3-bedroom Apartment, Outside City Center (Monthly)

$2,742 ISK 334.2K

$1,703 CA$2,422

61.05%

Buy Apartment in City Center (m2)

$8,001 ISK 974.9K

$4,105 CA$5,839

94.91%

Buy Apartment Outside City Center (m2)

$6,249 ISK 761.5K

$4,012 CA$5,707

55.75%

Average Monthly Net Salary (After Tax)

$4,691 ISK 571.6K

$2,421 CA$3,444

93.72%

20-Year Fixed Mortgage Interest Rate (Annual %)

8.81

6.3

39.84%

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

Last update for Reykjavik: October 4, 2026

Last update for Corner Brook: October 4, 2026

Monthly budget structure

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

Accommodation & Living

Reykjavik

$2K 50.9%

Corner Brook

$1.1K 50.6% 43.3% $866

Groceries & Markets

Reykjavik

$625 15.9%

Corner Brook

$358 16% 42.8% $268

Eating Out

Reykjavik

$526 13.4%

Corner Brook

$266 11.9% 49.4% $260

Clothing & Footwear

Reykjavik

$298 7.6%

Corner Brook

$130 5.8% 56.5% $168

Monthly Utilities & Internet

Reykjavik

$205 5.2%

Corner Brook

$213 9.5% 4% $8.2

Sport & Entertainment

Reykjavik

$140 3.6%

Corner Brook

$60 2.7% 57.3% $80

Getting Around

Reykjavik

$139 3.5%

Corner Brook

$81 3.6% 41.7% $58

Cost Breakdown

A one-bedroom apartment in the center runs $2,499 in Reykjavik and $1,229 in Corner Brook. Housing cost is often the main lever when comparing two cities.

Reykjavik pays 94% more on average. The extra income cushions the higher costs, though housing choices and lifestyle decide how much of the gap is truly closed.

Dining out: $136 in Reykjavik vs $63.0 in Corner Brook for a mid-range dinner for two. Groceries echo the gap at $625 vs $358 per month, with Corner Brook cheaper across the board.

Good to know

🇮🇸 Reykjavik

🇨🇦 Corner Brook

🕒 Local time

03:49 3:49 AM

01:19 1:19 AM

2 h 30 min behind Reykjavik

🌤 Weather

👥 Population

136,894 Capital

19,886

💱 Currency

Icelandic Króna ISK kr

Canadian Dollar CAD $

📈 Exchange rate

1,000 ISK = 8.21 USD

1,000 ISK = 7.32 EUR

1 CAD = 0.703 USD

1 CAD = 0.627 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 = 8.21 USD). 1 EUR = 137 ISK (1,000 ISK = 7.32 EUR).

Canadian Dollar exchange rates as of October 10, 2026: 1 USD = 1.42 CAD (1 CAD = 0.703 USD). 1 EUR = 1.6 CAD (1 CAD = 0.627 EUR).

USD to ISK in detail →

On the map

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Between locations

Reykjavik Corner Brook 2,720 km ≈ 4 h nonstop flight

From you

Reykjavik
Corner Brook

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 Corner Brook: Cost of Living - Frequently Asked Questions

Corner Brook wins on cost – living expenses run 81% lower than in Reykjavik. Housing and daily spending are where you'll feel the difference most, making Corner Brook the obvious pick if budget is a priority.

Average pay runs 94% higher in Reykjavik, which matters when comparing affordability. Whether that higher income actually nets you more depends on your spending habits and housing choices.

Rent for a central apartment: $2,499 in Reykjavik versus $1,229 in Corner Brook. Housing is usually the single largest factor when comparing overall living costs between the two.

Dining out is cheaper in Corner Brook – a meal for two runs $63.0 versus $136 in Reykjavik. If you eat out regularly, this makes a real dent in your monthly spending.

All in, you'll spend $4,037 per month in Reykjavik versus $2,232 in Corner Brook – a 81% gap that adds up to real savings over time for anyone picking the cheaper option.

At $2,232 in Corner Brook versus $4,037 in Reykjavik, a $2,000 budget is realistic in Corner Brook but tight or insufficient in Reykjavik. The gap between the two cities makes Corner Brook the clear choice for anyone on this budget.

Both work as nomad bases, but Corner Brook delivers better value – similar infrastructure at $2,232 monthly. If stretching your runway or maximizing savings is the goal, the price difference makes Corner Brook hard to pass up.

Safety-wise, Reykjavik and Corner Brook are on par. Petty crime is typical for cities this size, and most residents feel comfortable going about their daily routines in either place.

Expats usually find Corner Brook gentler on the wallet – expenses run 81% less than in Reykjavik. Beyond cost, consider language, visa policies, and how big the international community is in each city.