Last update: Oct 2026

Cost of Living Comparison Between Reykjavik and Moncton

For one person, living is cheaper in Moncton: $2,029 a month against $4,037 in Reykjavik, rent and utilities included – about $24,100 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
97

Cost of Living Index in Moncton
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Moncton Living Index

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Reykjavik

🇮🇸 Iceland

$4,037

/mo nomad

Moncton

🇨🇦 Canada

$2,029

/mo nomad

Monthly Cost of Living

How much you'll spend in Reykjavik and in Moncton

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

A single person spends $4,037 per month in Reykjavik vs $2,029 in Moncton, rent included.

Reykjavik $4,037
Moncton $2,029

A couple spends around $5,666 per month in Reykjavik vs $3,066 in Moncton, rent included.

Reykjavik $5,666
Moncton $3,066

A family of three spends $7,295 per month in Reykjavik vs $4,103 in Moncton, rent included.

Reykjavik $7,295
Moncton $4,103

Reykjavik costs about 99% more than Moncton, and outside of rent the biggest gap is in eating out.

Both Reykjavik and Moncton sit above the global median – Reykjavik by 201%, Moncton by 51%.

Meal at Budget Restaurant

$30.59 ISK 3,730

$18.44 CA$26.28

65.89%

Three-Course Dinner for Two, Mid-Range

$136 ISK 16.5K

$66.5 CA$94.7

103.87%

Fast Food Meal (McDonalds, etc)

$27.08 ISK 3,302

$10.45 CA$14.90

159.14%

Cappuccino

$6.72 ISK 819

$3.51 CA$5.01

91.45%

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

$3.27 ISK 399

$2.04 CA$2.90

60.29%

Water (0.33 liter bottle)

$3.16 ISK 386

$1.88 CA$2.68

68.09%

Local Beer (0.5 liter draught)

$13.91 ISK 1,696

$4.34 CA$6.19

220.51%

Imported Beer (0.33 liter bottle)

$12.06 ISK 1,470

$5.62 CA$8.01

114.59%

Milk (1 liter)

$2.04 ISK 248

$2.93 CA$4.17

-30.38%

White Bread (500g)

$4.32 ISK 527

$2.77 CA$3.94

55.96%

Rice (white) (1kg)

$3.67 ISK 447

$3.41 CA$4.86

7.62%

Eggs

$7.02 ISK 856

$3.75 CA$5.34

87.20%

Local Cheese (1kg)

$22.01 ISK 2,684

$13.08 CA$18.65

68.27%

Chicken Fillets (1kg)

$24.70 ISK 3,012

$14.97 CA$21.34

65.00%

Beef Round Steak (1kg)

$42.66 ISK 5,202

$13.10 CA$18.67

225.65%

Apples (1kg)

$3.37 ISK 412

$5.41 CA$7.71

-37.71%

Banana (1kg)

$2.85 ISK 347

$1.61 CA$2.29

77.02%

Oranges (1kg)

$3.17 ISK 387

$4.61 CA$6.57

-31.24%

Tomato (1kg)

$6.39 ISK 779

$5.63 CA$8.03

13.50%

Potato (1kg)

$4.01 ISK 489

$2.06 CA$2.94

94.66%

Onion (1kg)

$1.64 ISK 200

$2.09 CA$2.98

-21.53%

Lettuce (1 head)

$3.80 ISK 463

$2.46 CA$3.51

54.47%

Water (1.5 liter bottle)

$1.74 ISK 212

$2.12 CA$3.02

-17.92%

Cigarettes 20 Pack (Marlboro, Camel)

$13.80 ISK 1,682

$14.08 CA$20.07

-1.99%

Wine (Bottle)

$23.38 ISK 2,851

$13.79 CA$19.66

69.54%

Local Beer (0.5 liter bottle)

$3.53 ISK 430

$3.29 CA$4.69

7.29%

Imported Beer (0.33 liter bottle)

$3.45 ISK 420

$4.10 CA$5.84

-15.85%

One-way Ticket (Public Transport)

$5.77 ISK 704

$2.06 CA$2.93

180.10%

Public Transport Monthly Pass (Regular Price)

$95.1 ISK 11.6K

$48.93 CA$69.8

94.44%

Taxi Start (Normal Tariff)

$6.63 ISK 808

$2.81 CA$4.00

135.94%

Taxi (Normal Tariff) (1km)

$2.79 ISK 341

$1.37 CA$1.95

103.65%

Taxi 1hour Waiting (Normal Tariff)

$81.4 ISK 9,923

$21.07 CA$30.03

286.19%

Gasoline (1 liter)

$2.11 ISK 257

$1.24 CA$1.77

70.16%

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

$50.8K ISK 6.2M

$27.8K CA$39.6K

83.04%

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

$52.7K ISK 6.4M

$19.1K CA$27.2K

176.81%

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

$88.7 ISK 10.8K

$121 CA$172

-26.62%

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

$31.53 ISK 3,845

$41.64 CA$59.4

-24.28%

Internet (50+ Mbps, Unlimited Data)

$84.6 ISK 10.3K

$63.0 CA$89.8

34.33%

Gym Membership (Monthly)

$100 ISK 12.2K

$48.21 CA$68.7

108.21%

Tennis Court (1 Hour on Weekend)

$48.20 ISK 5,877

$11.09 CA$15.81

334.63%

Cinema Ticket

$19.87 ISK 2,424

$12.59 CA$17.95

57.82%

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

$1,277 ISK 155.8K

$372 CA$530

243.34%

International Primary School, 1 Child (Yearly)

$31.0K ISK 3.8M

$13.3K CA$19.0K

132.77%

Jeans (Levis 501 Or Similar)

$161 ISK 19.6K

$59.7 CA$85.1

169.40%

Summer Dress (H&M, Zara, etc)

$64.9 ISK 7,914

$35.30 CA$50.3

83.85%

Sport Shoes (Adidas, Nike)

$183 ISK 22.3K

$102 CA$145

79.38%

Men's Leather Business Shoes

$254 ISK 31.0K

$119 CA$170

113.04%

1-bedroom Apartment, City Center (Monthly)

$2,499 ISK 304.8K

$1,011 CA$1,442

147.15%

1-bedroom Apartment, Outside City Center (Monthly)

$2,000 ISK 243.9K

$800 CA$1,141

149.91%

3-bedroom Apartment, City Center (Monthly)

$3,452 ISK 421.0K

$1,579 CA$2,251

118.63%

3-bedroom Apartment, Outside City Center (Monthly)

$2,742 ISK 334.4K

$1,333 CA$1,900

105.78%

Buy Apartment in City Center (m2)

$8,001 ISK 975.7K

$2,160 CA$3,079

270.40%

Buy Apartment Outside City Center (m2)

$6,249 ISK 762.1K

$2,070 CA$2,951

201.88%

Average Monthly Net Salary (After Tax)

$4,691 ISK 572.0K

$2,417 CA$3,445

94.09%

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 Moncton: October 4, 2026

Monthly budget structure

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

Accommodation & Living

Reykjavik

$2K 50.9%

Moncton

$800 40.1% 60% $1.2K

Groceries & Markets

Reykjavik

$625 15.9%

Moncton

$420 21% 32.8% $205

Eating Out

Reykjavik

$526 13.4%

Moncton

$270 13.5% 48.7% $256

Clothing & Footwear

Reykjavik

$298 7.6%

Moncton

$142 7.1% 52.3% $156

Monthly Utilities & Internet

Reykjavik

$205 5.2%

Moncton

$225 11.3% 10.1% $21

Sport & Entertainment

Reykjavik

$140 3.6%

Moncton

$73 3.7% 47.6% $67

Getting Around

Reykjavik

$139 3.5%

Moncton

$67 3.3% 51.9% $72

Cost Breakdown

A central one-bedroom costs $2,499 in Reykjavik versus $1,011 in Moncton. 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 94% 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 Moncton. Monthly groceries follow the same trend: $625 vs $420 – making Moncton the more affordable choice for daily food spending.

Good to know

🇮🇸 Reykjavik

🇨🇦 Moncton

🕒 Local time

07:34 7:34 AM

04:34 4:34 AM

3 h behind Reykjavik

🌤 Weather

👥 Population

136,894 Capital

80,000

💱 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

Lowest

Highest

Between locations

Reykjavik Moncton 3,280 km ≈ 4 h 30 min nonstop flight

From you

Reykjavik
Moncton

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 Moncton: Cost of Living - Frequently Asked Questions

Monthly costs with rent: $4,037 in Reykjavik, $2,029 in Moncton – roughly 99% apart. Outside of rent, the biggest gap is in eating out.

For a comfortable life, plan on about $6,055 per month in Reykjavik and $3,044 in Moncton. That covers rent, food, utilities, transport, and enough left over to feel settled – not just surviving.

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

A mid-range dinner for two costs $136 in Reykjavik and $66.0 in Moncton. That's a good indicator of the overall restaurant and café pricing gap between the two cities.

Monthly expenses with rent come to $4,037 in Reykjavik and $2,029 in Moncton. That's a gap of about 99%.

A $3,000 monthly budget goes further in Moncton, where all-in costs run around $2,029, than in Reykjavik at $4,037. In Moncton 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 $2,029 in Moncton to $4,037 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 Moncton. 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.