Last update: Oct 2026

Cost of Living Comparison Between Reykjavik and Truro

For one person, living is cheaper in Truro: $2,177 a month against $4,002 in Reykjavik, rent and utilities included – about $21,900 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
105

Cost of Living Index in Truro
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Truro Living Index

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Reykjavik

🇮🇸 Iceland

$4,002

/mo nomad

Truro

🇨🇦 Canada

$2,177

/mo nomad

Monthly Cost of Living

How much you'll spend in Reykjavik and in Truro

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

A single person spends $4,002 per month in Reykjavik vs $2,177 in Truro, rent included.

Reykjavik $4,002
Truro $2,177

A couple spends around $5,705 per month in Reykjavik vs $3,130 in Truro, rent included.

Reykjavik $5,705
Truro $3,130

A family of three spends $7,407 per month in Reykjavik vs $4,084 in Truro, rent included.

Reykjavik $7,407
Truro $4,084

Reykjavik costs about 84% more than Truro, and outside of rent the biggest gap is in eating out.

Both Reykjavik and Truro sit above the global median – Reykjavik by 196%, Truro by 61%.

Meal at Budget Restaurant

$31.56 ISK 3,828

$15.59 CA$22.04

102.44%

Three-Course Dinner for Two, Mid-Range

$122 ISK 14.8K

$64.1 CA$90.6

90.93%

Fast Food Meal (McDonalds, etc)

$26.86 ISK 3,258

$8.61 CA$12.18

211.96%

Cappuccino

$6.81 ISK 827

$2.72 CA$3.84

150.37%

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

$3.39 ISK 411

$2.15 CA$3.04

57.67%

Water (0.33 liter bottle)

$3.20 ISK 388

$1.77 CA$2.50

80.79%

Local Beer (0.5 liter draught)

$14.14 ISK 1,715

$4.95 CA$6.99

185.66%

Imported Beer (0.33 liter bottle)

$12.31 ISK 1,493

$4.84 CA$6.85

154.34%

Milk (1 liter)

$2.10 ISK 255

$1.69 CA$2.39

24.26%

White Bread (500g)

$4.19 ISK 508

$2.73 CA$3.86

53.48%

Rice (white) (1kg)

$3.72 ISK 451

$2.53 CA$3.58

47.04%

Eggs

$7.05 ISK 856

$3.78 CA$5.34

86.51%

Local Cheese (1kg)

$21.56 ISK 2,615

$11.22 CA$15.86

92.16%

Chicken Fillets (1kg)

$24.68 ISK 2,993

$9.73 CA$13.76

153.65%

Beef Round Steak (1kg)

$42.19 ISK 5,117

$10.27 CA$14.52

310.81%

Apples (1kg)

$3.23 ISK 392

$3.58 CA$5.06

-9.78%

Banana (1kg)

$2.73 ISK 331

$1.57 CA$2.22

73.89%

Oranges (1kg)

$3.17 ISK 384

$4.19 CA$5.92

-24.34%

Tomato (1kg)

$6.61 ISK 802

$5.24 CA$7.41

26.15%

Potato (1kg)

$3.85 ISK 467

$2.56 CA$3.62

50.39%

Onion (1kg)

$1.66 ISK 201

$1.49 CA$2.10

11.41%

Lettuce (1 head)

$3.80 ISK 461

$2.05 CA$2.90

85.37%

Water (1.5 liter bottle)

$1.75 ISK 212

$1.61 CA$2.28

8.70%

Cigarettes 20 Pack (Marlboro, Camel)

$13.71 ISK 1,662

$11.03 CA$15.60

24.30%

Wine (Bottle)

$24.21 ISK 2,937

$11.25 CA$15.90

115.20%

Local Beer (0.5 liter bottle)

$3.53 ISK 428

$3.02 CA$4.27

16.89%

Imported Beer (0.33 liter bottle)

$3.32 ISK 402

$4.50 CA$6.37

-26.22%

One-way Ticket (Public Transport)

$5.75 ISK 697

$2.31 CA$3.26

148.92%

Public Transport Monthly Pass (Regular Price)

$93.8 ISK 11.4K

$62.4 CA$88.3

50.24%

Taxi Start (Normal Tariff)

$6.61 ISK 802

$2.73 CA$3.86

142.12%

Taxi (Normal Tariff) (1km)

$2.90 ISK 352

$1.29 CA$1.83

124.81%

Taxi 1hour Waiting (Normal Tariff)

$79.2 ISK 9,602

$21.03 CA$29.72

276.41%

Gasoline (1 liter)

$2.09 ISK 253

$1.15 CA$1.62

81.74%

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

$51.0K ISK 6.2M

$27.2K CA$38.4K

87.72%

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

$53.3K ISK 6.5M

$19.1K CA$27.0K

179.05%

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

$95.3 ISK 11.6K

$123 CA$174

-22.60%

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

$32.35 ISK 3,923

$28.25 CA$39.94

14.51%

Internet (50+ Mbps, Unlimited Data)

$87.5 ISK 10.6K

$70.8 CA$100

23.73%

Gym Membership (Monthly)

$102 ISK 12.4K

$39.57 CA$56.0

157.42%

Tennis Court (1 Hour on Weekend)

$50.1 ISK 6,074

$20.49 CA$28.97

144.41%

Cinema Ticket

$19.88 ISK 2,412

$10.34 CA$14.61

92.26%

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

$1,194 ISK 144.8K

$566 CA$800

110.89%

International Primary School, 1 Child (Yearly)

$25.4K ISK 3.1M

$1,697 CA$2,399

1397.44%

Jeans (Levis 501 Or Similar)

$149 ISK 18.1K

$48.74 CA$68.9

205.77%

Summer Dress (H&M, Zara, etc)

$66.6 ISK 8,080

$39.24 CA$55.5

69.78%

Sport Shoes (Adidas, Nike)

$180 ISK 21.8K

$76.1 CA$108

136.28%

Men's Leather Business Shoes

$253 ISK 30.7K

$81.1 CA$115

212.41%

1-bedroom Apartment, City Center (Monthly)

$2,549 ISK 309.2K

$1,263 CA$1,785

101.88%

1-bedroom Apartment, Outside City Center (Monthly)

$2,056 ISK 249.4K

$1,132 CA$1,601

81.58%

3-bedroom Apartment, City Center (Monthly)

$3,498 ISK 424.2K

$1,945 CA$2,750

79.79%

3-bedroom Apartment, Outside City Center (Monthly)

$2,764 ISK 335.2K

$1,722 CA$2,435

60.48%

Buy Apartment in City Center (m2)

$8,120 ISK 984.9K

$4,305 CA$6,086

88.62%

Buy Apartment Outside City Center (m2)

$6,254 ISK 758.5K

$3,232 CA$4,568

93.52%

Average Monthly Net Salary (After Tax)

$4,573 ISK 554.6K

$2,527 CA$3,572

80.97%

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 12, 2026

Last update for Truro: October 12, 2026

Monthly budget structure

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

Accommodation & Living

Reykjavik

$2.1K 51.4%

Truro

$1.1K 52% 44.9% $924

Groceries & Markets

Reykjavik

$623 15.6%

Truro

$338 15.5% 45.8% $285

Eating Out

Reykjavik

$536 13.4%

Truro

$233 10.7% 56.5% $303

Clothing & Footwear

Reykjavik

$292 7.3%

Truro

$110 5.1% 62.2% $182

Monthly Utilities & Internet

Reykjavik

$215 5.4%

Truro

$222 10.2% 3.2% $6.9

Sport & Entertainment

Reykjavik

$142 3.5%

Truro

$60 2.8% 57.5% $81

Getting Around

Reykjavik

$138 3.5%

Truro

$81 3.7% 41.4% $57

Cost Breakdown

A central one-bedroom costs $2,549 in Reykjavik versus $1,263 in Truro. 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 81% 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 $64.0 in Truro. Monthly groceries follow the same trend: $623 vs $338 – making Truro the more affordable choice for daily food spending.

Good to know

🇮🇸 Reykjavik

🇨🇦 Truro

🕒 Local time

15:43 3:43 PM

12:43 12:43 PM

3 h behind Reykjavik

🌤 Weather

👥 Population

136,894 Capital

12,954

💱 Currency

Icelandic Króna ISK kr

Canadian Dollar CAD $

📈 Exchange rate

1,000 ISK = 8.24 USD

1,000 ISK = 7.33 EUR

1 CAD = 0.707 USD

1 CAD = 0.629 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 17, 2026: 1 USD = 121 ISK (1,000 ISK = 8.24 USD). 1 EUR = 136 ISK (1,000 ISK = 7.33 EUR).

Canadian Dollar exchange rates as of October 17, 2026: 1 USD = 1.41 CAD (1 CAD = 0.707 USD). 1 EUR = 1.59 CAD (1 CAD = 0.629 EUR).

USD to ISK in detail →

On the map

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Highest

Between locations

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

From you

Reykjavik
Truro

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 Truro: Cost of Living - Frequently Asked Questions

Reykjavik costs about 84% more than Truro, and outside of rent the gap comes mainly from eating out. That's enough to noticeably affect everyday spending and lifestyle for anyone choosing between the two.

For a comfortable life, plan on about $6,003 per month in Reykjavik and $3,265 in Truro. That covers rent, food, utilities, transport, and enough left over to feel settled – not just surviving.

Rent is clearly cheaper in Truro, 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 $2,177 in Truro. That's a gap of about 84%.

Public transport costs about 50% less in Truro. For daily commuters, that gap adds up to noticeable savings over a year.

A $2,500 monthly budget goes further in Truro, where all-in costs run around $2,177, than in Reykjavik at $4,002. In Truro it covers expenses comfortably, while in Reykjavik it requires careful planning or may not stretch far enough.

For digital nomads, it depends on budget. Truro costs $2,177 versus $4,002 in Reykjavik. Both have workable remote work infrastructure, but the cost gap matters when income varies month to month.

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 Truro. 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.