Cost of Living & Prices:
Canada vs. Iceland
Compare the cost of living and prices of goods and services, such as consumer goods prices, housing costs, average wages and more, to learn about differences and similarities between countries.
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ReykjavíkTable of contents
Grocery
Canada vs. Iceland - grocery purchase prices. You would pay on average 1.3 times less for grocery shopping in Canada than in Iceland.
Apples (1kg)
One kilogram of apples costs 3.55 USD in Canada and 3.25 USD in Iceland. The price of this product is 8.5% lower in Iceland.
Banana (1kg)
1 kilogram of bananas costs 1.21 USD in Canada and 2.04 USD in Iceland. The price of this product is 40.7% lower in Canada.
Beef Round (1kg) (or Equivalent Back Leg Red Meat)
One kilogram of beef or similar meat costs 13.4 USD in Canada and 25.17 USD in Iceland. The price of this product is 46.8% lower in Canada.
Bottle of Wine (Mid-Range)
A bottle of medium-grade wine costs 11.94 USD in Canada and 19.39 USD in Iceland. The price of this product is 38.4% lower in Canada.
Chicken Fillets (1kg)
One kilogram of chicken fillet costs 11.66 USD in Canada and 17.39 USD in Iceland. The price of this product is 32.9% lower in Canada.
Cigarettes 20 Pack (Marlboro)
A pack of 20 cigarettes costs 12.61 USD in Canada and 11.49 USD in Iceland. The price of this product is 8.9% lower in Iceland.
Domestic Beer (0.5 liter bottle)
Domestic beer in a 0.5 liter bottle costs 2.27 USD in Canada and 3.01 USD in Iceland. The price of this product is 24.6% lower in Canada.
Eggs (regular) (12)
You will pay 3.18 USD for 12 eggs in Canada and 5.46 USD in Iceland. The price of this product is 41.8% lower in Canada.
Imported Beer (0.33 liter bottle)
A 0.33 liter bottle of imported beer costs 2.69 USD in Canada and 2.5 USD in Iceland. The price of this product is 7.1% lower in Iceland.
Johnnie Walker Red Label Whisky 0.7 Litre
Lettuce (1 head)
One head of lettuce costs 2.43 USD in Canada and 2.7 USD in Iceland. The price of this product is 10% lower in Canada.
Loaf of Fresh White Bread (500g)
One loaf of fresh white bread costs 2.48 USD in Canada and 3.23 USD in Iceland. The price of this product is 23.2% lower in Canada.
Local Cheese (1kg)
One kilogram of locally produced cheese costs 11.39 USD in Canada and 14.14 USD in Iceland. The price of this product is 19.4% lower in Canada.
Milk (regular), (1 liter)
One liter of milk costs 2.64 USD in Canada and 1.52 USD in Iceland. The price of this product is 42.4% lower in Iceland.
Onion (1kg)
One kilogram of onions costs 2.61 USD in Canada and 1.35 USD in Iceland. The price of this product is 48.3% lower in Iceland.
Oranges (1kg)
One kilogram of oranges costs 3.27 USD in Canada and 2.48 USD in Iceland. The price of this product is 24.2% lower in Iceland.
Potato (1kg)
One kilogram of potatoes costs 2.61 USD in Canada and 2.67 USD in Iceland. The price of this product is 2.2% lower in Canada.
Rice (white), (1kg)
One kilogram of white rice costs 2.99 USD in Canada and 3.06 USD in Iceland. The price of this product is 2.3% lower in Canada.
Smirnoff Red Label Vodka 0.7 Litre
Tomato (1kg)
One kilogram of tomatoes costs 3.68 USD in Canada and 4.59 USD in Iceland. The price of this product is 19.8% lower in Canada.
Water (1.5 liter bottle)
A 1.5 liter bottle of water costs 1.64 USD in Canada and 1.94 USD in Iceland. The price of this product is 15.5% lower in Canada.
Restaurant
Canada vs. Iceland - expenses on meals in restaurants. You would pay 1.24 times less for meals in restaurants in Canada than in Iceland.
Cappuccino (regular)
For a cappuccino in a restaurant, you'll pay 3.57 USD in Canada and 4.49 USD in Iceland. The price of this product is 20.5% lower in Canada.
Coke/Pepsi (0.33 liter bottle)
A 0.33 liter bottle of Coca-Cola or Pepsi costs 1.96 USD in Canada and 2.48 USD in Iceland. The price of this product is 21% lower in Canada.
Domestic Beer (0.5 liter draught)
Domestic beer with a capacity of 0.5 liters costs 5.85 USD in Canada and 9.34 USD in Iceland. The price of this product is 37.4% lower in Canada.
Imported Beer (0.33 liter bottle)
A 0.33 liter bottle of imported beer costs 6.58 USD in Canada and 7.9 USD in Iceland. The price of this product is 16.7% lower in Canada.
McMeal at McDonalds (or Equivalent Combo Meal)
A McMeal or similar meal at McDonald's costs 9.5 USD in Canada and 14.37 USD in Iceland. The price of this product is 33.9% lower in Canada.
Meal for 2 People, Mid-range Restaurant, Three-course
A three-course meal for two people at a mid-range restaurant costs 87.7 USD in Canada and 107.75 USD in Iceland. The price of this product is 18.6% lower in Canada.
Meal, Inexpensive Restaurant
A meal at an inexpensive restaurant costs 16.81 USD in Canada and 17.96 USD in Iceland. The price of this product is 6.4% lower in Canada.
Water (0.33 liter bottle)
A 0.33 liter bottle of water costs 1.56 USD in Canada and 1.92 USD in Iceland. The price of this product is 18.8% lower in Canada.
Fuel
Canada vs. Iceland - expenses related to fuel. You would pay 1.85 times less for fuel in Canada than in Iceland.
Diesel 1L
A liter of diesel costs 1.25 USD in Canada and 2.32 USD in Iceland. The price of this product is 46.1% lower in Canada.
Gasoline 1L
A liter of gasoline costs 1.23 USD in Canada and 2.27 USD in Iceland. The price of this product is 45.8% lower in Canada.
LPG 1L
Transportation
Canada vs. Iceland - costs of transportation and public communication. You would pay 1.06 times more for transportation in Canada than in Iceland.
Monthly Pass (Regular Price)
The monthly ticket price for public transportation is 114.02 USD in Canada and 64.65 USD in Iceland. The price of this product is 43.3% lower in Iceland.
One-way Ticket (Local Transport)
The one-way ticket price for local transportation is 2.38 USD in Canada and 3.95 USD in Iceland. The price of this product is 39.7% lower in Canada.
Taxi 1hour Waiting (Normal Tariff)
The cost of a one-hour taxi stand/wait is 22.66 USD in Canada and 58.69 USD in Iceland. The price of this product is 61.4% lower in Canada.
Taxi 1km (Normal Tariff)
The fare for each kilometer traveled is 1.28 USD in Canada and 2.97 USD in Iceland. The price of this product is 56.9% lower in Canada.
Taxi Start (Normal Tariff)
The initial fare during a taxi ride is 3.27 USD in Canada and 5.24 USD in Iceland. The price of this product is 37.6% lower in Canada.
Sports & entertainment
Canada vs. Iceland - costs related to entertainment and sports.
Cinema, International Release, 1 Seat
The ticket price for a foreign film in the cinema is 10.96 USD in Canada and 13.29 USD in Iceland. The price of this product is 17.5% lower in Canada.
Fitness Club, Monthly Fee for 1 Adult
The monthly fee for entry to the fitness club is 45.9 USD in Canada and 64.66 USD in Iceland. The price of this product is 29% lower in Canada.
Tennis Court Rent (1 Hour on Weekend)
The cost of renting a tennis court for one hour on the weekend is 17.37 USD in Canada and 44.42 USD in Iceland. The price of this product is 60.9% lower in Canada.
Flats for rent
Canada vs. Iceland - costs of renting an apartment. You would pay about 1.2 times more for renting an apartment in Canada than in Iceland.
Apartment (1 bedroom) in City Centre
For renting an apartment in the city center consisting of a living room and one bedroom, you will pay 1775 USD in Canada and 1561 USD in Iceland. The price of this product is 12.1% lower in Iceland.
Apartment (1 bedroom) Outside of Centre
For renting an apartment outside the city center consisting of a living room and one bedroom, you will pay 1491 USD in Canada and 1322 USD in Iceland. The price of this product is 11.3% lower in Iceland.
Apartment (3 bedrooms) in City Centre
For renting an apartment in the city center consisting of a living room and three bedrooms, you will pay 2838 USD in Canada and 2260 USD in Iceland. The price of this product is 20.4% lower in Iceland.
Apartment (3 bedrooms) Outside of Centre
For renting an apartment outside the city center consisting of a living room and three bedrooms, you will pay 2311 USD in Canada and 1881 USD in Iceland. The price of this product is 18.6% lower in Iceland.
Flats for sale
Canada vs. Iceland - costs of purchasing an apartment. You would pay 1.59 times more for buying an apartment in Canada than in Iceland.
Price per Square Meter to Buy Apartment in City Centre
For one square meter of an apartment in the city center you will pay 9324 USD in Canada and 6033 USD in Iceland. The price of this product is 35.3% lower in Iceland.
Price per Square Meter to Buy Apartment Outside of Centre
For one square meter of an apartment outside the city center, you will pay 7313 USD in Canada and 4402 USD in Iceland. The price of this product is 39.8% lower in Iceland.
Salary
Canada vs. Iceland - average salary. The average salary in Canada is 1.16 times lower than in Iceland.
Average Monthly Net Salary (After Tax)
The average monthly salary after taxes is 3090 USD in Canada and 3586 USD in Iceland. The average salary is 13.8% lower in Canada.
Hotels
Canada vs. Iceland - prices of accommodation in hostels, guesthouses, and hotels.
One star
Two stars
Three stars
Four stars
Five stars
Average accommodation prices based on Expedia.com data • Update: 15 Jun 2024 (1 night stay for 2 people on 29 Jun 2024) • Canada: 20 cities, 775 hotels • Iceland: 20 cities, 249 hotels