Last update: Oct 2026

Cost of Living Comparison Between Stephenville and Reykjavik

For one person, living is cheaper in Stephenville: $2,261 a month against $4,037 in Reykjavik, rent and utilities included – about $21,300 less a year. Rent and utilities account for about half of the difference.

109

Cost of Living Index in Stephenville
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Stephenville Living Index
193

Cost of Living Index in Reykjavik
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Reykjavik Living Index

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Stephenville

🇨🇦 Canada

$2,261

/mo nomad

Reykjavik

🇮🇸 Iceland

$4,037

/mo nomad

Monthly Cost of Living

How much you'll spend in Stephenville and in Reykjavik

Real prices from locals and on-the-ground checks – rent, groceries, transit and the daily extras. Here's what a month in Stephenville and in Reykjavik actually costs, broken down by who's living it.

A single person spends $2,261 per month in Stephenville vs $4,037 in Reykjavik, rent included.

Stephenville $2,261
Reykjavik $4,037

A couple spends around $3,221 per month in Stephenville vs $5,666 in Reykjavik, rent included.

Stephenville $3,221
Reykjavik $5,666

A family of three spends $4,181 per month in Stephenville vs $7,295 in Reykjavik, rent included.

Stephenville $4,181
Reykjavik $7,295

Stephenville is about 44% cheaper than Reykjavik, and outside of rent the biggest gap is in groceries.

Both Stephenville and Reykjavik sit above the global median – Stephenville by 69%, Reykjavik by 201%.

Meal at Budget Restaurant

$17.69 CA$25.17

$30.59 ISK 3,727

-42.17%

Three-Course Dinner for Two, Mid-Range

$62.6 CA$89.0

$136 ISK 16.5K

-53.83%

Fast Food Meal (McDonalds, etc)

$10.70 CA$15.22

$27.08 ISK 3,300

-60.49%

Cappuccino

$3.58 CA$5.09

$6.72 ISK 818

-46.73%

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

$1.96 CA$2.79

$3.27 ISK 399

-40.06%

Water (0.33 liter bottle)

$1.62 CA$2.31

$3.16 ISK 386

-48.73%

Local Beer (0.5 liter draught)

$5.31 CA$7.55

$13.91 ISK 1,695

-61.83%

Imported Beer (0.33 liter bottle)

$5.49 CA$7.81

$12.06 ISK 1,469

-54.48%

Milk (1 liter)

$2.47 CA$3.52

$2.04 ISK 248

21.08%

White Bread (500g)

$2.52 CA$3.59

$4.32 ISK 526

-41.67%

Rice (white) (1kg)

$3.34 CA$4.75

$3.67 ISK 447

-8.99%

Eggs

$3.45 CA$4.91

$7.02 ISK 855

-50.85%

Local Cheese (1kg)

$9.77 CA$13.90

$22.01 ISK 2,682

-55.61%

Chicken Fillets (1kg)

$11.42 CA$16.24

$24.70 ISK 3,009

-53.77%

Beef Round Steak (1kg)

$14.30 CA$20.34

$42.66 ISK 5,198

-66.48%

Apples (1kg)

$3.80 CA$5.40

$3.37 ISK 411

12.76%

Banana (1kg)

$1.30 CA$1.85

$2.85 ISK 347

-54.39%

Oranges (1kg)

$3.70 CA$5.27

$3.17 ISK 387

16.72%

Tomato (1kg)

$3.68 CA$5.23

$6.39 ISK 779

-42.41%

Potato (1kg)

$2.50 CA$3.56

$4.01 ISK 489

-37.66%

Onion (1kg)

$2.25 CA$3.20

$1.64 ISK 200

37.20%

Lettuce (1 head)

$2.34 CA$3.33

$3.80 ISK 462

-38.42%

Water (1.5 liter bottle)

$1.61 CA$2.28

$1.74 ISK 212

-7.47%

Cigarettes 20 Pack (Marlboro, Camel)

$13.88 CA$19.74

$13.80 ISK 1,681

0.58%

Wine (Bottle)

$10.76 CA$15.31

$23.38 ISK 2,849

-53.98%

Local Beer (0.5 liter bottle)

$2.57 CA$3.66

$3.53 ISK 430

-27.20%

Imported Beer (0.33 liter bottle)

$3.09 CA$4.40

$3.45 ISK 420

-10.43%

One-way Ticket (Public Transport)

$2.30 CA$3.27

$5.77 ISK 703

-60.14%

Public Transport Monthly Pass (Regular Price)

$61.0 CA$86.8

$95.1 ISK 11.6K

-35.87%

Taxi Start (Normal Tariff)

$2.82 CA$4.01

$6.63 ISK 808

-57.47%

Taxi (Normal Tariff) (1km)

$1.42 CA$2.02

$2.79 ISK 340

-49.10%

Taxi 1hour Waiting (Normal Tariff)

$22.82 CA$32.45

$81.4 ISK 9,915

-71.96%

Gasoline (1 liter)

$1.11 CA$1.58

$2.11 ISK 257

-47.39%

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

$27.8K CA$39.5K

$50.8K ISK 6.2M

-45.34%

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

$18.8K CA$26.7K

$52.7K ISK 6.4M

-64.39%

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

$139 CA$197

$88.7 ISK 10.8K

56.21%

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

$38.22 CA$54.4

$31.53 ISK 3,842

21.22%

Internet (50+ Mbps, Unlimited Data)

$54.8 CA$77.9

$84.6 ISK 10.3K

-35.27%

Gym Membership (Monthly)

$40.70 CA$57.9

$100 ISK 12.2K

-59.45%

Tennis Court (1 Hour on Weekend)

$18.03 CA$25.64

$48.20 ISK 5,873

-62.59%

Cinema Ticket

$11.22 CA$15.95

$19.87 ISK 2,422

-43.53%

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

$736 CA$1,046

$1,277 ISK 155.7K

-42.41%

International Primary School, 1 Child (Yearly)

$13.2K CA$18.7K

$31.0K ISK 3.8M

-57.48%

Jeans (Levis 501 Or Similar)

$54.0 CA$76.9

$161 ISK 19.6K

-66.41%

Summer Dress (H&M, Zara, etc)

$38.23 CA$54.4

$64.9 ISK 7,908

-41.09%

Sport Shoes (Adidas, Nike)

$83.5 CA$119

$183 ISK 22.3K

-54.30%

Men's Leather Business Shoes

$99.0 CA$141

$254 ISK 30.9K

-61.00%

1-bedroom Apartment, City Center (Monthly)

$1,232 CA$1,753

$2,499 ISK 304.6K

-50.70%

1-bedroom Apartment, Outside City Center (Monthly)

$1,132 CA$1,610

$2,000 ISK 243.7K

-43.43%

3-bedroom Apartment, City Center (Monthly)

$1,911 CA$2,718

$3,452 ISK 420.6K

-44.65%

3-bedroom Apartment, Outside City Center (Monthly)

$1,711 CA$2,434

$2,742 ISK 334.2K

-37.60%

Buy Apartment in City Center (m2)

$4,270 CA$6,073

$8,001 ISK 974.9K

-46.63%

Buy Apartment Outside City Center (m2)

$3,568 CA$5,075

$6,249 ISK 761.5K

-42.90%

Average Monthly Net Salary (After Tax)

$4,691 ISK 571.6K

20-Year Fixed Mortgage Interest Rate (Annual %)

4.64

8.81

-47.33%

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

Last update for Stephenville: October 5, 2026

Last update for Reykjavik: October 4, 2026

Monthly budget structure

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

Accommodation & Living

Stephenville

$1.1K 50.4%

Reykjavik

$2K 50.9% 76.8% $869

Groceries & Markets

Stephenville

$348 15.5%

Reykjavik

$625 15.9% 79.8% $277

Eating Out

Stephenville

$268 12%

Reykjavik

$526 13.4% 95.9% $257

Monthly Utilities & Internet

Stephenville

$232 10.3%

Reykjavik

$205 5.2% 11.5% $27

Clothing & Footwear

Stephenville

$124 5.5%

Reykjavik

$298 7.6% 141% $174

Getting Around

Stephenville

$80 3.6%

Reykjavik

$139 3.5% 73.2% $59

Sport & Entertainment

Stephenville

$63 2.8%

Reykjavik

$140 3.6% 122% $77

Cost Breakdown

A central one-bedroom costs $1,232 in Stephenville versus $2,499 in Reykjavik. Rent is usually the largest line item in a monthly budget, so the gap here sets the tone for the overall comparison.

A mid-range dinner for two costs $63.0 in Stephenville versus $136 in Reykjavik. Monthly groceries follow the same trend: $348 vs $625 – making Stephenville the more affordable choice for daily food spending.

Good to know

🇨🇦 Stephenville

🇮🇸 Reykjavik

🕒 Local time

09:03 9:03 AM

11:33 11:33 AM

2 h 30 min ahead of Stephenville

🌤 Weather

👥 Population

6,600

136,894 Capital

💱 Currency

Canadian Dollar CAD $

Icelandic Króna ISK kr

📈 Exchange rate

1 CAD = 0.703 USD

1 CAD = 0.627 EUR

1,000 ISK = 8.21 USD

1,000 ISK = 7.32 EUR

Exchange rates and currency converter

ISK, USD, EUR to CAD – Canadian Dollar Converter

🇺🇸 United States Dollar ($)

🇨🇦 Canadian Dollar ($)

Canadian Dollar exchange rates as of October 10, 2026: 1 USD = 1.42 CAD (1 CAD = 0.703 USD). 1 EUR = 1.59 CAD (1 CAD = 0.627 EUR).

Icelandic Króna exchange rates as of October 10, 2026: 1 USD = 122 ISK (1,000 ISK = 8.21 USD). 1 EUR = 137 ISK (1,000 ISK = 7.32 EUR).

USD to CAD in detail →

On the map

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Stephenville Reykjavik 2,780 km ≈ 4 h nonstop flight

From you

Stephenville
Reykjavik

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

Stephenville vs Reykjavik: Cost of Living - Frequently Asked Questions

Reykjavik costs about 79% more than Stephenville, and outside of rent the gap comes mainly from groceries. That's enough to noticeably affect everyday spending and lifestyle for anyone choosing between the two.

For a comfortable life, plan on about $3,392 per month in Stephenville and $6,055 in Reykjavik. That covers rent, food, utilities, transport, and enough left over to feel settled – not just surviving.

Rent is clearly cheaper in Stephenville, 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 $2,261 in Stephenville and $4,037 in Reykjavik. That's a gap of about 79%.

Public transport costs about 56% less in Stephenville. For daily commuters, that gap adds up to noticeable savings over a year.

A $2,000 monthly budget goes further in Stephenville, where all-in costs run around $2,261, than in Reykjavik at $4,037. In Stephenville it covers expenses comfortably, while in Reykjavik it requires careful planning or may not stretch far enough.

For digital nomads, it depends on budget. Stephenville costs $2,261 versus $4,037 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 Stephenville. 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.