Last update: Oct 2026

Cost of Living Comparison Between Reykjavik and Fredericton

For one person, living is cheaper in Fredericton: $2,008 a month against $4,037 in Reykjavik, rent and utilities included – about $24,300 less a year. Rent and utilities account for most of the difference.

193

Cost of Living Index in Reykjavik
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Reykjavik Living Index
95

Cost of Living Index in Fredericton
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Fredericton Living Index

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Reykjavik

🇮🇸 Iceland

$4,037

/mo nomad

Fredericton

🇨🇦 Canada

$2,008

/mo nomad

Monthly Cost of Living

How much you'll spend in Reykjavik and in Fredericton

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

Monthly costs for one person with rent: $4,037 in Reykjavik versus $2,008 in Fredericton.

Reykjavik $4,037
Fredericton $2,008

Estimated couple costs with rent: $5,666 in Reykjavik versus $3,000 in Fredericton.

Reykjavik $5,666
Fredericton $3,000

Monthly costs for a family of three with rent: $7,295 in Reykjavik versus $3,992 in Fredericton.

Reykjavik $7,295
Fredericton $3,992

Living in Reykjavik is roughly 101% more expensive than in Fredericton, and outside of rent the biggest gap is in groceries.

Both cities are pricier than the global median: Reykjavik 201% above, Fredericton 50% above.

Meal at Budget Restaurant

$30.59 ISK 3,730

$15.53 CA$22.14

96.97%

Three-Course Dinner for Two, Mid-Range

$136 ISK 16.5K

$62.6 CA$89.3

116.40%

Fast Food Meal (McDonalds, etc)

$27.08 ISK 3,302

$12.60 CA$17.96

114.92%

Cappuccino

$6.72 ISK 819

$3.93 CA$5.60

70.99%

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

$3.27 ISK 399

$2.67 CA$3.81

22.47%

Water (0.33 liter bottle)

$3.16 ISK 386

$2.08 CA$2.97

51.92%

Local Beer (0.5 liter draught)

$13.91 ISK 1,696

$5.30 CA$7.56

162.45%

Imported Beer (0.33 liter bottle)

$12.06 ISK 1,470

$4.77 CA$6.80

152.83%

Milk (1 liter)

$2.04 ISK 248

$1.74 CA$2.48

17.24%

White Bread (500g)

$4.32 ISK 527

$2.75 CA$3.92

57.09%

Rice (white) (1kg)

$3.67 ISK 447

$2.53 CA$3.60

45.06%

Eggs

$7.02 ISK 856

$3.75 CA$5.34

87.20%

Local Cheese (1kg)

$22.01 ISK 2,684

$11.28 CA$16.07

95.12%

Chicken Fillets (1kg)

$24.70 ISK 3,012

$9.91 CA$14.13

149.24%

Beef Round Steak (1kg)

$42.66 ISK 5,202

$10.14 CA$14.45

320.71%

Apples (1kg)

$3.37 ISK 412

$4.56 CA$6.50

-26.10%

Banana (1kg)

$2.85 ISK 347

$1.58 CA$2.25

80.38%

Oranges (1kg)

$3.17 ISK 387

$4.52 CA$6.45

-29.87%

Tomato (1kg)

$6.39 ISK 779

$5.29 CA$7.54

20.79%

Potato (1kg)

$4.01 ISK 489

$2.54 CA$3.62

57.87%

Onion (1kg)

$1.64 ISK 200

$1.53 CA$2.19

7.19%

Lettuce (1 head)

$3.80 ISK 463

$2.11 CA$3.00

80.09%

Water (1.5 liter bottle)

$1.74 ISK 212

$1.63 CA$2.32

6.75%

Cigarettes 20 Pack (Marlboro, Camel)

$13.80 ISK 1,682

$11.24 CA$16.02

22.78%

Wine (Bottle)

$23.38 ISK 2,851

$12.11 CA$17.26

93.06%

Local Beer (0.5 liter bottle)

$3.53 ISK 430

$3.01 CA$4.29

17.28%

Imported Beer (0.33 liter bottle)

$3.45 ISK 420

$4.56 CA$6.50

-24.34%

One-way Ticket (Public Transport)

$5.77 ISK 704

$2.13 CA$3.04

170.89%

Public Transport Monthly Pass (Regular Price)

$95.1 ISK 11.6K

$55.9 CA$79.7

70.08%

Taxi Start (Normal Tariff)

$6.63 ISK 808

$2.77 CA$3.95

139.35%

Taxi (Normal Tariff) (1km)

$2.79 ISK 341

$1.35 CA$1.93

106.67%

Taxi 1hour Waiting (Normal Tariff)

$81.4 ISK 9,923

$20.72 CA$29.53

292.71%

Gasoline (1 liter)

$2.11 ISK 257

$1.26 CA$1.80

67.46%

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

$50.8K ISK 6.2M

$27.4K CA$39.0K

85.70%

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

$52.7K ISK 6.4M

$19.1K CA$27.3K

175.60%

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

$88.7 ISK 10.8K

$126 CA$180

-29.86%

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

$31.53 ISK 3,845

$70.6 CA$101

-55.35%

Internet (50+ Mbps, Unlimited Data)

$84.6 ISK 10.3K

$68.9 CA$98.3

22.77%

Gym Membership (Monthly)

$100 ISK 12.2K

$39.53 CA$56.3

153.93%

Tennis Court (1 Hour on Weekend)

$48.20 ISK 5,877

$24.80 CA$35.35

94.35%

Cinema Ticket

$19.87 ISK 2,424

$10.54 CA$15.02

88.52%

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

$1,277 ISK 155.8K

$577 CA$823

121.28%

International Primary School, 1 Child (Yearly)

$31.0K ISK 3.8M

$1,714 CA$2,444

1705.42%

Jeans (Levis 501 Or Similar)

$161 ISK 19.6K

$48.45 CA$69.1

232.01%

Summer Dress (H&M, Zara, etc)

$64.9 ISK 7,914

$39.03 CA$55.6

66.28%

Sport Shoes (Adidas, Nike)

$183 ISK 22.3K

$75.8 CA$108

141.05%

Men's Leather Business Shoes

$254 ISK 31.0K

$82.2 CA$117

208.86%

1-bedroom Apartment, City Center (Monthly)

$2,499 ISK 304.8K

$1,144 CA$1,631

118.47%

1-bedroom Apartment, Outside City Center (Monthly)

$2,000 ISK 243.9K

$836 CA$1,192

139.21%

3-bedroom Apartment, City Center (Monthly)

$3,452 ISK 421.0K

$1,823 CA$2,599

89.30%

3-bedroom Apartment, Outside City Center (Monthly)

$2,742 ISK 334.4K

$1,467 CA$2,090

86.99%

Buy Apartment in City Center (m2)

$8,001 ISK 975.7K

$1,873 CA$2,670

327.13%

Buy Apartment Outside City Center (m2)

$6,249 ISK 762.1K

$1,842 CA$2,626

239.22%

Average Monthly Net Salary (After Tax)

$4,691 ISK 572.0K

$2,328 CA$3,318

101.49%

20-Year Fixed Mortgage Interest Rate (Annual %)

8.81

4.77

84.70%

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

Last update for Reykjavik: October 4, 2026

Last update for Fredericton: October 5, 2026

Monthly budget structure

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

Accommodation & Living

Reykjavik

$2K 50.9%

Fredericton

$836 42.7% 58.2% $1.2K

Groceries & Markets

Reykjavik

$625 15.9%

Fredericton

$348 17.8% 44.4% $277

Eating Out

Reykjavik

$526 13.4%

Fredericton

$264 13.5% 49.8% $262

Clothing & Footwear

Reykjavik

$298 7.6%

Fredericton

$110 5.6% 62.9% $188

Monthly Utilities & Internet

Reykjavik

$205 5.2%

Fredericton

$266 13.6% 29.8% $61

Sport & Entertainment

Reykjavik

$140 3.6%

Fredericton

$61 3.1% 56.8% $80

Getting Around

Reykjavik

$139 3.5%

Fredericton

$74 3.8% 46.7% $65

Cost Breakdown

A one-bedroom apartment in the center runs $2,499 in Reykjavik and $1,144 in Fredericton. Housing cost is often the main lever when comparing two cities.

Reykjavik pays 101% 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 Fredericton for a mid-range dinner for two. Groceries echo the gap at $625 vs $348 per month, with Fredericton cheaper across the board.

Good to know

🇮🇸 Reykjavik

🇨🇦 Fredericton

🕒 Local time

06:36 6:36 AM

03:36 3:36 AM

3 h behind Reykjavik

🌤 Weather

👥 Population

136,894 Capital

56,224

💱 Currency

Icelandic Króna ISK kr

Canadian Dollar CAD $

📈 Exchange rate

1,000 ISK = 8.2 USD

1,000 ISK = 7.31 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 = 7.31 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 Fredericton 3,380 km ≈ 4 h 45 min nonstop flight

From you

Reykjavik
Fredericton

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 Fredericton: Cost of Living - Frequently Asked Questions

Fredericton is cheaper overall, especially in groceries, eating out, and clothing. The 101% gap adds up to real monthly savings that compound significantly over time.

Average pay runs 101% 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 $1,144 in Fredericton. Housing is usually the single largest factor when comparing overall living costs between the two.

A monthly transit pass in Fredericton runs roughly 70% 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 $577 in Fredericton. Over years of preschool, even a modest monthly gap compounds into a major financial factor for families.

At $2,008 in Fredericton versus $4,037 in Reykjavik, a $2,500 budget is realistic in Fredericton but tight or insufficient in Reykjavik. The gap between the two cities makes Fredericton the clear choice for anyone on this budget.

For families, Fredericton 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 Fredericton 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 Fredericton gentler on the wallet – expenses run 101% less than in Reykjavik. Beyond cost, consider language, visa policies, and how big the international community is in each city.