Last update: Oct 2026

Cost of Living Comparison Between Reykjavik and Edmundston

For one person, living is cheaper in Edmundston: $2,233 a month against $4,037 in Reykjavik, rent and utilities included – about $21,600 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
108

Cost of Living Index in Edmundston
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Edmundston Living Index

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Reykjavik

🇮🇸 Iceland

$4,037

/mo nomad

Edmundston

🇨🇦 Canada

$2,233

/mo nomad

Monthly Cost of Living

How much you'll spend in Reykjavik and in Edmundston

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

Monthly costs for one person with rent: $4,037 in Reykjavik versus $2,233 in Edmundston.

Reykjavik $4,037
Edmundston $2,233

Estimated couple costs with rent: $5,666 in Reykjavik versus $3,249 in Edmundston.

Reykjavik $5,666
Edmundston $3,249

Monthly costs for a family of three with rent: $7,295 in Reykjavik versus $4,264 in Edmundston.

Reykjavik $7,295
Edmundston $4,264

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

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

Meal at Budget Restaurant

$30.59 ISK 3,730

$19.39 CA$27.64

57.76%

Three-Course Dinner for Two, Mid-Range

$136 ISK 16.5K

$64.3 CA$91.6

110.78%

Fast Food Meal (McDonalds, etc)

$27.08 ISK 3,302

$6.63 CA$9.45

308.45%

Cappuccino

$6.72 ISK 819

$3.66 CA$5.21

83.61%

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

$3.27 ISK 399

$2.25 CA$3.20

45.33%

Water (0.33 liter bottle)

$3.16 ISK 386

$1.55 CA$2.21

103.87%

Local Beer (0.5 liter draught)

$13.91 ISK 1,696

$5.08 CA$7.25

173.82%

Imported Beer (0.33 liter bottle)

$12.06 ISK 1,470

$5.10 CA$7.27

136.47%

Milk (1 liter)

$2.04 ISK 248

$2.10 CA$3.00

-2.86%

White Bread (500g)

$4.32 ISK 527

$2.49 CA$3.55

73.49%

Rice (white) (1kg)

$3.67 ISK 447

$3.33 CA$4.75

10.21%

Eggs

$7.02 ISK 856

$4.51 CA$6.42

55.65%

Local Cheese (1kg)

$22.01 ISK 2,684

$9.85 CA$14.04

123.45%

Chicken Fillets (1kg)

$24.70 ISK 3,012

$11.08 CA$15.80

122.92%

Beef Round Steak (1kg)

$42.66 ISK 5,202

$14.67 CA$20.91

190.80%

Apples (1kg)

$3.37 ISK 412

$3.91 CA$5.57

-13.81%

Banana (1kg)

$2.85 ISK 347

$1.36 CA$1.93

109.56%

Oranges (1kg)

$3.17 ISK 387

$3.67 CA$5.22

-13.62%

Tomato (1kg)

$6.39 ISK 779

$3.87 CA$5.51

65.12%

Potato (1kg)

$4.01 ISK 489

$2.36 CA$3.37

69.92%

Onion (1kg)

$1.64 ISK 200

$2.25 CA$3.20

-27.11%

Lettuce (1 head)

$3.80 ISK 463

$2.43 CA$3.46

56.38%

Water (1.5 liter bottle)

$1.74 ISK 212

$1.23 CA$1.76

41.46%

Cigarettes 20 Pack (Marlboro, Camel)

$13.80 ISK 1,682

$13.85 CA$19.74

-0.36%

Wine (Bottle)

$23.38 ISK 2,851

$12.50 CA$17.81

87.04%

Local Beer (0.5 liter bottle)

$3.53 ISK 430

$2.55 CA$3.63

38.43%

Imported Beer (0.33 liter bottle)

$3.45 ISK 420

$3.05 CA$4.34

13.11%

One-way Ticket (Public Transport)

$5.77 ISK 704

$2.14 CA$3.05

169.63%

Public Transport Monthly Pass (Regular Price)

$95.1 ISK 11.6K

$62.4 CA$88.9

52.54%

Taxi Start (Normal Tariff)

$6.63 ISK 808

$3.04 CA$4.33

118.09%

Taxi (Normal Tariff) (1km)

$2.79 ISK 341

$1.28 CA$1.83

117.97%

Taxi 1hour Waiting (Normal Tariff)

$81.4 ISK 9,923

$23.66 CA$33.72

243.91%

Gasoline (1 liter)

$2.11 ISK 257

$1.13 CA$1.62

86.73%

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

$50.8K ISK 6.2M

$29.2K CA$41.6K

74.16%

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

$52.7K ISK 6.4M

$18.8K CA$26.8K

180.50%

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

$88.7 ISK 10.8K

$152 CA$216

-41.50%

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

$31.53 ISK 3,845

$35.85 CA$51.1

-12.05%

Internet (50+ Mbps, Unlimited Data)

$84.6 ISK 10.3K

$53.2 CA$75.9

58.98%

Gym Membership (Monthly)

$100 ISK 12.2K

$37.64 CA$53.7

166.68%

Tennis Court (1 Hour on Weekend)

$48.20 ISK 5,877

$15.35 CA$21.87

214.01%

Cinema Ticket

$19.87 ISK 2,424

$10.16 CA$14.48

95.57%

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

$1,277 ISK 155.8K

$815 CA$1,161

56.80%

International Primary School, 1 Child (Yearly)

$31.0K ISK 3.8M

$12.5K CA$17.9K

146.71%

Jeans (Levis 501 Or Similar)

$161 ISK 19.6K

$49.05 CA$69.9

227.95%

Summer Dress (H&M, Zara, etc)

$64.9 ISK 7,914

$39.07 CA$55.7

66.11%

Sport Shoes (Adidas, Nike)

$183 ISK 22.3K

$83.6 CA$119

118.57%

Men's Leather Business Shoes

$254 ISK 31.0K

$105 CA$150

140.99%

1-bedroom Apartment, City Center (Monthly)

$2,499 ISK 304.8K

$1,244 CA$1,774

100.86%

1-bedroom Apartment, Outside City Center (Monthly)

$2,000 ISK 243.9K

$1,188 CA$1,693

68.39%

3-bedroom Apartment, City Center (Monthly)

$3,452 ISK 421.0K

$1,018 CA$1,452

238.94%

3-bedroom Apartment, Outside City Center (Monthly)

$2,742 ISK 334.4K

$1,681 CA$2,396

63.18%

Buy Apartment in City Center (m2)

$8,001 ISK 975.7K

$4,158 CA$5,927

92.41%

Buy Apartment Outside City Center (m2)

$6,249 ISK 762.1K

$3,889 CA$5,544

60.67%

Average Monthly Net Salary (After Tax)

$4,691 ISK 572.0K

$2,464 CA$3,512

90.39%

20-Year Fixed Mortgage Interest Rate (Annual %)

8.81

4.64

89.87%

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

Last update for Reykjavik: October 4, 2026

Last update for Edmundston: October 5, 2026

Monthly budget structure

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

Accommodation & Living

Reykjavik

$2K 50.9%

Edmundston

$1.2K 51.5% 40.6% $812

Groceries & Markets

Reykjavik

$625 15.9%

Edmundston

$348 15.1% 44.4% $277

Eating Out

Reykjavik

$526 13.4%

Edmundston

$270 11.7% 48.7% $256

Clothing & Footwear

Reykjavik

$298 7.6%

Edmundston

$125 5.4% 58.2% $173

Monthly Utilities & Internet

Reykjavik

$205 5.2%

Edmundston

$241 10.4% 17.5% $36

Sport & Entertainment

Reykjavik

$140 3.6%

Edmundston

$58 2.5% 58.6% $82

Getting Around

Reykjavik

$139 3.5%

Edmundston

$80 3.5% 42.1% $58

Cost Breakdown

A one-bedroom apartment in the center runs $2,499 in Reykjavik and $1,244 in Edmundston. Housing cost is often the main lever when comparing two cities.

Reykjavik pays 90% 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 $64.0 in Edmundston for a mid-range dinner for two. Groceries echo the gap at $625 vs $348 per month, with Edmundston cheaper across the board.

Good to know

🇮🇸 Reykjavik

🇨🇦 Edmundston

🕒 Local time

10:53 10:53 AM

07:53 7:53 AM

3 h behind Reykjavik

🌤 Weather

👥 Population

136,894 Capital

16,437

💱 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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Highest

Between locations

Reykjavik Edmundston 3,340 km ≈ 4 h 45 min nonstop flight

From you

Reykjavik
Edmundston

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 Edmundston: Cost of Living - Frequently Asked Questions

Edmundston is cheaper overall, especially in groceries, eating out, and clothing. The 81% gap adds up to real monthly savings that compound significantly over time.

Average pay runs 90% 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 $1,244 in Edmundston. Housing is usually the single largest factor when comparing overall living costs between the two.

A monthly transit pass in Edmundston runs roughly 53% less than in Reykjavik. Both cities have functional networks, but the price difference matters if you're watching your budget.

Childcare runs $1,277 in Reykjavik versus $815 in Edmundston. Over years of preschool, even a modest monthly gap compounds into a major financial factor for families.

At $2,233 in Edmundston versus $4,037 in Reykjavik, a $2,500 budget is realistic in Edmundston but tight or insufficient in Reykjavik. The gap between the two cities makes Edmundston the clear choice for anyone on this budget.

For families, Edmundston is more practical. Housing and childcare are both notably cheaper than in Reykjavik, and the savings on those two alone free up budget for education, activities, and family trips.

Safety-wise, Reykjavik and Edmundston 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 Edmundston 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.