Last update: Oct 2026

Cost of Living Comparison Between Truro and Reykjavik

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.

105

Cost of Living Index in Truro
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Truro Living Index
193

Cost of Living Index in Reykjavik
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Reykjavik Living Index

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Truro

🇨🇦 Canada

$2,177

/mo nomad

Reykjavik

🇮🇸 Iceland

$4,002

/mo nomad

Monthly Cost of Living

How much you'll spend in Truro 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 Truro and in Reykjavik actually costs, broken down by who's living it.

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

Truro $2,177
Reykjavik $4,002

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

Truro $3,130
Reykjavik $5,705

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

Truro $4,084
Reykjavik $7,407

Truro is about 46% cheaper than Reykjavik, and outside of rent the biggest gap is in eating out.

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

Meal at Budget Restaurant

$15.59 CA$22.04

$31.56 ISK 3,828

-50.60%

Three-Course Dinner for Two, Mid-Range

$64.1 CA$90.6

$122 ISK 14.8K

-47.63%

Fast Food Meal (McDonalds, etc)

$8.61 CA$12.18

$26.86 ISK 3,258

-67.94%

Cappuccino

$2.72 CA$3.84

$6.81 ISK 827

-60.06%

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

$2.15 CA$3.04

$3.39 ISK 411

-36.58%

Water (0.33 liter bottle)

$1.77 CA$2.50

$3.20 ISK 388

-44.69%

Local Beer (0.5 liter draught)

$4.95 CA$6.99

$14.14 ISK 1,715

-64.99%

Imported Beer (0.33 liter bottle)

$4.84 CA$6.85

$12.31 ISK 1,493

-60.68%

Milk (1 liter)

$1.69 CA$2.39

$2.10 ISK 255

-19.52%

White Bread (500g)

$2.73 CA$3.86

$4.19 ISK 508

-34.84%

Rice (white) (1kg)

$2.53 CA$3.58

$3.72 ISK 451

-31.99%

Eggs

$3.78 CA$5.34

$7.05 ISK 856

-46.38%

Local Cheese (1kg)

$11.22 CA$15.86

$21.56 ISK 2,615

-47.96%

Chicken Fillets (1kg)

$9.73 CA$13.76

$24.68 ISK 2,993

-60.58%

Beef Round Steak (1kg)

$10.27 CA$14.52

$42.19 ISK 5,117

-75.66%

Apples (1kg)

$3.58 CA$5.06

$3.23 ISK 392

10.84%

Banana (1kg)

$1.57 CA$2.22

$2.73 ISK 331

-42.49%

Oranges (1kg)

$4.19 CA$5.92

$3.17 ISK 384

32.18%

Tomato (1kg)

$5.24 CA$7.41

$6.61 ISK 802

-20.73%

Potato (1kg)

$2.56 CA$3.62

$3.85 ISK 467

-33.51%

Onion (1kg)

$1.49 CA$2.10

$1.66 ISK 201

-10.24%

Lettuce (1 head)

$2.05 CA$2.90

$3.80 ISK 461

-46.05%

Water (1.5 liter bottle)

$1.61 CA$2.28

$1.75 ISK 212

-8.00%

Cigarettes 20 Pack (Marlboro, Camel)

$11.03 CA$15.60

$13.71 ISK 1,662

-19.55%

Wine (Bottle)

$11.25 CA$15.90

$24.21 ISK 2,937

-53.53%

Local Beer (0.5 liter bottle)

$3.02 CA$4.27

$3.53 ISK 428

-14.45%

Imported Beer (0.33 liter bottle)

$4.50 CA$6.37

$3.32 ISK 402

35.54%

One-way Ticket (Public Transport)

$2.31 CA$3.26

$5.75 ISK 697

-59.83%

Public Transport Monthly Pass (Regular Price)

$62.4 CA$88.3

$93.8 ISK 11.4K

-33.44%

Taxi Start (Normal Tariff)

$2.73 CA$3.86

$6.61 ISK 802

-58.70%

Taxi (Normal Tariff) (1km)

$1.29 CA$1.83

$2.90 ISK 352

-55.52%

Taxi 1hour Waiting (Normal Tariff)

$21.03 CA$29.72

$79.2 ISK 9,602

-73.43%

Gasoline (1 liter)

$1.15 CA$1.62

$2.09 ISK 253

-44.98%

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

$27.2K CA$38.4K

$51.0K ISK 6.2M

-46.73%

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

$19.1K CA$27.0K

$53.3K ISK 6.5M

-64.16%

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

$123 CA$174

$95.3 ISK 11.6K

29.19%

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

$28.25 CA$39.94

$32.35 ISK 3,923

-12.67%

Internet (50+ Mbps, Unlimited Data)

$70.8 CA$100

$87.5 ISK 10.6K

-19.18%

Gym Membership (Monthly)

$39.57 CA$56.0

$102 ISK 12.4K

-61.15%

Tennis Court (1 Hour on Weekend)

$20.49 CA$28.97

$50.1 ISK 6,074

-59.09%

Cinema Ticket

$10.34 CA$14.61

$19.88 ISK 2,412

-47.99%

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

$566 CA$800

$1,194 ISK 144.8K

-52.58%

International Primary School, 1 Child (Yearly)

$1,697 CA$2,399

$25.4K ISK 3.1M

-93.32%

Jeans (Levis 501 Or Similar)

$48.74 CA$68.9

$149 ISK 18.1K

-67.30%

Summer Dress (H&M, Zara, etc)

$39.24 CA$55.5

$66.6 ISK 8,080

-41.10%

Sport Shoes (Adidas, Nike)

$76.1 CA$108

$180 ISK 21.8K

-57.68%

Men's Leather Business Shoes

$81.1 CA$115

$253 ISK 30.7K

-67.99%

1-bedroom Apartment, City Center (Monthly)

$1,263 CA$1,785

$2,549 ISK 309.2K

-50.47%

1-bedroom Apartment, Outside City Center (Monthly)

$1,132 CA$1,601

$2,056 ISK 249.4K

-44.93%

3-bedroom Apartment, City Center (Monthly)

$1,945 CA$2,750

$3,498 ISK 424.2K

-44.38%

3-bedroom Apartment, Outside City Center (Monthly)

$1,722 CA$2,435

$2,764 ISK 335.2K

-37.69%

Buy Apartment in City Center (m2)

$4,305 CA$6,086

$8,120 ISK 984.9K

-46.98%

Buy Apartment Outside City Center (m2)

$3,232 CA$4,568

$6,254 ISK 758.5K

-48.33%

Average Monthly Net Salary (After Tax)

$2,527 CA$3,572

$4,573 ISK 554.6K

-44.74%

20-Year Fixed Mortgage Interest Rate (Annual %)

4.77

8.81

-45.86%

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

Last update for Truro: October 12, 2026

Last update for Reykjavik: October 12, 2026

Monthly budget structure

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

Accommodation & Living

Truro

$1.1K 52%

Reykjavik

$2.1K 51.4% 81.6% $924

Groceries & Markets

Truro

$338 15.5%

Reykjavik

$623 15.6% 84.4% $285

Eating Out

Truro

$233 10.7%

Reykjavik

$536 13.4% 130% $303

Monthly Utilities & Internet

Truro

$222 10.2%

Reykjavik

$215 5.4% 3.1% $6.9

Clothing & Footwear

Truro

$110 5.1%

Reykjavik

$292 7.3% 165% $182

Getting Around

Truro

$81 3.7%

Reykjavik

$138 3.5% 70.6% $57

Sport & Entertainment

Truro

$60 2.8%

Reykjavik

$142 3.5% 135% $81

Cost Breakdown

A central one-bedroom costs $1,263 in Truro versus $2,549 in Reykjavik. 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 $64.0 in Truro versus $122 in Reykjavik. Monthly groceries follow the same trend: $338 vs $623 – making Truro the more affordable choice for daily food spending.

Good to know

🇨🇦 Truro

🇮🇸 Reykjavik

🕒 Local time

11:46 11:46 AM

14:46 2:46 PM

3 h ahead of Truro

🌤 Weather

👥 Population

12,954

136,894 Capital

💱 Currency

Canadian Dollar CAD $

Icelandic Króna ISK kr

📈 Exchange rate

1 CAD = 0.707 USD

1 CAD = 0.629 EUR

1,000 ISK = 8.24 USD

1,000 ISK = 7.33 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 17, 2026: 1 USD = 1.41 CAD (1 CAD = 0.707 USD). 1 EUR = 1.59 CAD (1 CAD = 0.629 EUR).

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).

USD to CAD in detail →

On the map

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Highest

Between locations

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

From you

Truro
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

Truro vs Reykjavik: 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 $3,265 per month in Truro and $6,003 in Reykjavik. 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 $2,177 in Truro and $4,002 in Reykjavik. 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.