Last update: Oct 2026

Cost of Living Comparison Between Reykjavik and Dartmouth

For one person, living is cheaper in Dartmouth: $1,993 a month against $4,002 in Reykjavik, rent and utilities included – about $24,100 less a year. Rent and utilities account for about half of the difference.

193

Cost of Living Index in Reykjavik
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Reykjavik Living Index
96

Cost of Living Index in Dartmouth
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Dartmouth Living Index

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Reykjavik

🇮🇸 Iceland

$4,002

/mo nomad

Dartmouth

🇨🇦 Canada

$1,993

/mo nomad

Monthly Cost of Living

How much you'll spend in Reykjavik and in Dartmouth

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

A single person spends $4,002 per month in Reykjavik vs $1,993 in Dartmouth, rent included.

Reykjavik $4,002
Dartmouth $1,993

A couple spends around $5,705 per month in Reykjavik vs $2,990 in Dartmouth, rent included.

Reykjavik $5,705
Dartmouth $2,990

A family of three spends $7,407 per month in Reykjavik vs $3,987 in Dartmouth, rent included.

Reykjavik $7,407
Dartmouth $3,987

Reykjavik costs about 101% more than Dartmouth, and outside of rent the biggest gap is in eating out.

Both Reykjavik and Dartmouth sit above the global median – Reykjavik by 196%, Dartmouth by 48%.

Meal at Budget Restaurant

$31.56 ISK 3,834

$10.55 CA$15.00

199.15%

Three-Course Dinner for Two, Mid-Range

$122 ISK 14.9K

$58.5 CA$83.2

109.22%

Fast Food Meal (McDonalds, etc)

$26.86 ISK 3,263

$6.96 CA$9.89

285.92%

Cappuccino

$6.81 ISK 828

$3.56 CA$5.07

91.29%

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

$3.39 ISK 411

$2.00 CA$2.84

69.50%

Water (0.33 liter bottle)

$3.20 ISK 389

$1.88 CA$2.68

70.21%

Local Beer (0.5 liter draught)

$14.14 ISK 1,717

$4.45 CA$6.33

217.75%

Imported Beer (0.33 liter bottle)

$12.31 ISK 1,495

$5.70 CA$8.10

115.96%

Milk (1 liter)

$2.10 ISK 255

$2.38 CA$3.38

-11.76%

White Bread (500g)

$4.19 ISK 509

$2.04 CA$2.91

105.39%

Rice (white) (1kg)

$3.72 ISK 452

$3.31 CA$4.71

12.39%

Eggs

$7.05 ISK 857

$3.49 CA$4.96

102.01%

Local Cheese (1kg)

$21.56 ISK 2,619

$7.64 CA$10.86

182.20%

Chicken Fillets (1kg)

$24.68 ISK 2,998

$9.18 CA$13.05

168.85%

Beef Round Steak (1kg)

$42.19 ISK 5,125

$10.37 CA$14.74

306.85%

Apples (1kg)

$3.23 ISK 393

$3.38 CA$4.80

-4.44%

Banana (1kg)

$2.73 ISK 332

$1.52 CA$2.16

79.61%

Oranges (1kg)

$3.17 ISK 385

$4.47 CA$6.36

-29.08%

Tomato (1kg)

$6.61 ISK 804

$5.75 CA$8.17

14.96%

Potato (1kg)

$3.85 ISK 467

$2.03 CA$2.88

89.66%

Onion (1kg)

$1.66 ISK 201

$2.11 CA$3.00

-21.33%

Lettuce (1 head)

$3.80 ISK 462

$2.48 CA$3.53

53.23%

Water (1.5 liter bottle)

$1.75 ISK 212

$2.13 CA$3.02

-17.84%

Cigarettes 20 Pack (Marlboro, Camel)

$13.71 ISK 1,665

$13.95 CA$19.83

-1.72%

Wine (Bottle)

$24.21 ISK 2,942

$14.17 CA$20.15

70.85%

Local Beer (0.5 liter bottle)

$3.53 ISK 429

$3.35 CA$4.77

5.37%

Imported Beer (0.33 liter bottle)

$3.32 ISK 403

$3.87 CA$5.50

-14.21%

One-way Ticket (Public Transport)

$5.75 ISK 698

$1.97 CA$2.80

191.88%

Public Transport Monthly Pass (Regular Price)

$93.8 ISK 11.4K

$59.6 CA$84.7

57.51%

Taxi Start (Normal Tariff)

$6.61 ISK 804

$2.76 CA$3.92

139.49%

Taxi (Normal Tariff) (1km)

$2.90 ISK 352

$1.32 CA$1.87

119.70%

Taxi 1hour Waiting (Normal Tariff)

$79.2 ISK 9,617

$21.34 CA$30.34

270.95%

Gasoline (1 liter)

$2.09 ISK 254

$1.12 CA$1.59

86.61%

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

$51.0K ISK 6.2M

$28.0K CA$39.8K

82.38%

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

$53.3K ISK 6.5M

$18.9K CA$26.8K

182.41%

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

$95.3 ISK 11.6K

$77.5 CA$110

23.00%

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

$32.35 ISK 3,929

$41.92 CA$59.6

-22.83%

Internet (50+ Mbps, Unlimited Data)

$87.5 ISK 10.6K

$63.3 CA$90.0

38.29%

Gym Membership (Monthly)

$102 ISK 12.4K

$35.19 CA$50.0

189.46%

Tennis Court (1 Hour on Weekend)

$50.1 ISK 6,083

Cinema Ticket

$19.88 ISK 2,415

$12.41 CA$17.64

60.19%

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

$1,194 ISK 145.0K

$373 CA$530

220.14%

International Primary School, 1 Child (Yearly)

$25.4K ISK 3.1M

$13.2K CA$18.8K

92.43%

Jeans (Levis 501 Or Similar)

$149 ISK 18.1K

$39.41 CA$56.0

278.15%

Summer Dress (H&M, Zara, etc)

$66.6 ISK 8,093

$33.13 CA$47.11

101.09%

Sport Shoes (Adidas, Nike)

$180 ISK 21.9K

$66.7 CA$94.8

169.73%

Men's Leather Business Shoes

$253 ISK 30.8K

$74.6 CA$106

239.55%

1-bedroom Apartment, City Center (Monthly)

$2,549 ISK 309.7K

$1,215 CA$1,727

109.87%

1-bedroom Apartment, Outside City Center (Monthly)

$2,056 ISK 249.8K

$1,037 CA$1,475

98.23%

3-bedroom Apartment, City Center (Monthly)

$3,498 ISK 424.9K

$1,956 CA$2,781

78.83%

3-bedroom Apartment, Outside City Center (Monthly)

$2,764 ISK 335.7K

$1,818 CA$2,585

52.02%

Buy Apartment in City Center (m2)

$8,120 ISK 986.4K

Buy Apartment Outside City Center (m2)

$6,254 ISK 759.7K

Average Monthly Net Salary (After Tax)

$4,573 ISK 555.5K

$2,539 CA$3,610

80.12%

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 12, 2026

Last update for Dartmouth: October 13, 2026

Monthly budget structure

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

Accommodation & Living

Reykjavik

$2.1K 51.4%

Dartmouth

$1K 52.1% 49.6% $1K

Groceries & Markets

Reykjavik

$623 15.6%

Dartmouth

$343 17.2% 45% $280

Eating Out

Reykjavik

$536 13.4%

Dartmouth

$197 9.9% 63.2% $339

Clothing & Footwear

Reykjavik

$292 7.3%

Dartmouth

$96 4.8% 67% $196

Monthly Utilities & Internet

Reykjavik

$215 5.4%

Dartmouth

$183 9.2% 15.1% $32

Sport & Entertainment

Reykjavik

$142 3.5%

Dartmouth

$60 3% 57.6% $82

Getting Around

Reykjavik

$138 3.5%

Dartmouth

$77 3.9% 44.3% $61

Cost Breakdown

A central one-bedroom costs $2,549 in Reykjavik versus $1,215 in Dartmouth. 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 80% 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 $122 in Reykjavik versus $58.0 in Dartmouth. Monthly groceries follow the same trend: $623 vs $343 – making Dartmouth the more affordable choice for daily food spending.

Good to know

🇮🇸 Reykjavik

🇨🇦 Dartmouth

🕒 Local time

23:27 11:27 PM

20:27 8:27 PM

3 h behind Reykjavik

🌤 Weather

👥 Population

136,894 Capital

70,000

💱 Currency

Icelandic Króna ISK kr

Canadian Dollar CAD $

📈 Exchange rate

1,000 ISK = 8.23 USD

1,000 ISK = 7.35 EUR

1 CAD = 0.703 USD

1 CAD = 0.628 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 14, 2026: 1 USD = 121 ISK (1,000 ISK = 8.23 USD). 1 EUR = 136 ISK (1,000 ISK = 7.35 EUR).

Canadian Dollar exchange rates as of October 14, 2026: 1 USD = 1.42 CAD (1 CAD = 0.703 USD). 1 EUR = 1.59 CAD (1 CAD = 0.628 EUR).

USD to ISK in detail →

On the map

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Highest

Between locations

Reykjavik Dartmouth 3,350 km ≈ 4 h 45 min nonstop flight

From you

Reykjavik
Dartmouth

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 Dartmouth: Cost of Living - Frequently Asked Questions

Monthly costs with rent: $4,002 in Reykjavik, $1,993 in Dartmouth – roughly 101% apart. Outside of rent, the biggest gap is in eating out.

For a comfortable life, plan on about $6,003 per month in Reykjavik and $2,989 in Dartmouth. That covers rent, food, utilities, transport, and enough left over to feel settled – not just surviving.

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

Monthly expenses with rent come to $4,002 in Reykjavik and $1,993 in Dartmouth. That's a gap of about 101%.

Public transport costs about 58% less in Dartmouth. For daily commuters, that gap adds up to noticeable savings over a year.

A $3,000 monthly budget goes further in Dartmouth, where all-in costs run around $1,993, than in Reykjavik at $4,002. In Dartmouth 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 $1,993 in Dartmouth to $4,002 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 Dartmouth. 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.