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  3. Cost of Living & Prices: Canada vs. Iceland

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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TorontoToronto
ReykjavíkReykjavík

Table of contents

Grocery

EURUSDISKCAD

Canada vs. Iceland - grocery purchase prices. You would pay on average 1.41 times less for grocery shopping in Canada than in Iceland.

Apples (1kg)

One kilogram of apples costs 3.14 EUR (3.45 USD) in Canada and 3.11 EUR (3.42 USD) in Iceland. The price of this product is 1% lower in Iceland.

3.14 EUR
3.11 EUR

Banana (1kg)

1 kilogram of bananas costs 1.07 EUR (1.18 USD) in Canada and 1.96 EUR (2.15 USD) in Iceland. The price of this product is 45.4% lower in Canada.

1.07 EUR
1.96 EUR

Beef Round (1kg) (or Equivalent Back Leg Red Meat)

One kilogram of beef or similar meat costs 11.86 EUR (13.03 USD) in Canada and 24.15 EUR (26.52 USD) in Iceland. The price of this product is 50.9% lower in Canada.

11.86 EUR
24.15 EUR

Bottle of Wine (Mid-Range)

A bottle of medium-grade wine costs 10.56 EUR (11.6 USD) in Canada and 18.6 EUR (20.43 USD) in Iceland. The price of this product is 43.2% lower in Canada.

10.56 EUR
18.60 EUR

Chicken Fillets (1kg)

One kilogram of chicken fillet costs 10.32 EUR (11.33 USD) in Canada and 16.68 EUR (18.32 USD) in Iceland. The price of this product is 38.1% lower in Canada.

10.32 EUR
16.68 EUR

Cigarettes 20 Pack (Marlboro)

A pack of 20 cigarettes costs 11.16 EUR (12.25 USD) in Canada and 11.03 EUR (12.11 USD) in Iceland. The price of this product is 1.2% lower in Iceland.

11.16 EUR
11.03 EUR

Domestic Beer (0.5 liter bottle)

Domestic beer in a 0.5 liter bottle costs 2 EUR (2.2 USD) in Canada and 2.89 EUR (3.17 USD) in Iceland. The price of this product is 30.8% lower in Canada.

2.00 EUR
2.89 EUR

Eggs (regular) (12)

You will pay 2.81 EUR (3.09 USD) for 12 eggs in Canada and 5.23 EUR (5.75 USD) in Iceland. The price of this product is 46.3% lower in Canada.

2.81 EUR
5.23 EUR

Imported Beer (0.33 liter bottle)

A 0.33 liter bottle of imported beer costs 2.38 EUR (2.61 USD) in Canada and 2.4 EUR (2.64 USD) in Iceland. The price of this product is 0.8% lower in Canada.

2.38 EUR
2.40 EUR

Johnnie Walker Red Label Whisky 0.7 Litre

25.62 EUR
-

Lettuce (1 head)

One head of lettuce costs 2.15 EUR (2.36 USD) in Canada and 2.59 EUR (2.85 USD) in Iceland. The price of this product is 17% lower in Canada.

2.15 EUR
2.59 EUR

Loaf of Fresh White Bread (500g)

One loaf of fresh white bread costs 2.2 EUR (2.41 USD) in Canada and 3.1 EUR (3.4 USD) in Iceland. The price of this product is 29% lower in Canada.

2.20 EUR
3.10 EUR

Local Cheese (1kg)

One kilogram of locally produced cheese costs 10.08 EUR (11.07 USD) in Canada and 13.56 EUR (14.89 USD) in Iceland. The price of this product is 25.7% lower in Canada.

10.08 EUR
13.56 EUR

Milk (regular), (1 liter)

One liter of milk costs 2.33 EUR (2.56 USD) in Canada and 1.46 EUR (1.6 USD) in Iceland. The price of this product is 37.3% lower in Iceland.

2.33 EUR
1.46 EUR

Onion (1kg)

One kilogram of onions costs 2.31 EUR (2.54 USD) in Canada and 1.29 EUR (1.42 USD) in Iceland. The price of this product is 44.2% lower in Iceland.

2.31 EUR
1.29 EUR

Oranges (1kg)

One kilogram of oranges costs 2.89 EUR (3.17 USD) in Canada and 2.38 EUR (2.61 USD) in Iceland. The price of this product is 17.6% lower in Iceland.

2.89 EUR
2.38 EUR

Potato (1kg)

One kilogram of potatoes costs 2.31 EUR (2.54 USD) in Canada and 2.57 EUR (2.82 USD) in Iceland. The price of this product is 10.1% lower in Canada.

2.31 EUR
2.57 EUR

Rice (white), (1kg)

One kilogram of white rice costs 2.65 EUR (2.9 USD) in Canada and 2.93 EUR (3.22 USD) in Iceland. The price of this product is 9.6% lower in Canada.

2.65 EUR
2.93 EUR

Smirnoff Red Label Vodka 0.7 Litre

18.81 EUR
-

Tomato (1kg)

One kilogram of tomatoes costs 3.26 EUR (3.58 USD) in Canada and 4.41 EUR (4.84 USD) in Iceland. The price of this product is 26.1% lower in Canada.

3.26 EUR
4.41 EUR

Water (1.5 liter bottle)

A 1.5 liter bottle of water costs 1.45 EUR (1.59 USD) in Canada and 1.86 EUR (2.04 USD) in Iceland. The price of this product is 22% lower in Canada.

1.45 EUR
1.86 EUR

Restaurant

EURUSDISKCAD

Canada vs. Iceland - expenses on meals in restaurants. You would pay 1.35 times less for meals in restaurants in Canada than in Iceland.

Cappuccino (regular)

For a cappuccino in a restaurant, you'll pay 3.16 EUR (3.47 USD) in Canada and 4.31 EUR (4.73 USD) in Iceland. The price of this product is 26.7% lower in Canada.

3.16 EUR
4.31 EUR

Coke/Pepsi (0.33 liter bottle)

A 0.33 liter bottle of Coca-Cola or Pepsi costs 1.73 EUR (1.9 USD) in Canada and 2.38 EUR (2.61 USD) in Iceland. The price of this product is 27.3% lower in Canada.

1.73 EUR
2.38 EUR

Domestic Beer (0.5 liter draught)

Domestic beer with a capacity of 0.5 liters costs 5.17 EUR (5.68 USD) in Canada and 8.96 EUR (9.84 USD) in Iceland. The price of this product is 42.3% lower in Canada.

5.17 EUR
8.96 EUR

Imported Beer (0.33 liter bottle)

A 0.33 liter bottle of imported beer costs 5.82 EUR (6.39 USD) in Canada and 7.58 EUR (8.33 USD) in Iceland. The price of this product is 23.2% lower in Canada.

5.82 EUR
7.58 EUR

McMeal at McDonalds (or Equivalent Combo Meal)

A McMeal or similar meal at McDonald's costs 8.41 EUR (9.23 USD) in Canada and 13.78 EUR (15.14 USD) in Iceland. The price of this product is 39% lower in Canada.

8.41 EUR
13.78 EUR

Meal for 2 People, Mid-range Restaurant, Three-course

A three-course meal for two people at a mid-range restaurant costs 77.61 EUR (85.23 USD) in Canada and 103.38 EUR (113.52 USD) in Iceland. The price of this product is 24.9% lower in Canada.

77.61 EUR
103.38 EUR

Meal, Inexpensive Restaurant

A meal at an inexpensive restaurant costs 14.88 EUR (16.34 USD) in Canada and 17.23 EUR (18.92 USD) in Iceland. The price of this product is 13.6% lower in Canada.

14.88 EUR
17.23 EUR

Water (0.33 liter bottle)

A 0.33 liter bottle of water costs 1.38 EUR (1.51 USD) in Canada and 1.85 EUR (2.03 USD) in Iceland. The price of this product is 25.4% lower in Canada.

1.38 EUR
1.85 EUR

Fuel

EURUSDISKCAD

Canada vs. Iceland - expenses related to fuel. You would pay 1.87 times less for fuel in Canada than in Iceland.

Diesel 1L

A liter of diesel costs 1.08 EUR (1.19 USD) in Canada and 2.09 EUR (2.3 USD) in Iceland. The price of this product is 48.3% lower in Canada.

1.08 EUR
2.09 EUR

Gasoline 1L

A liter of gasoline costs 1.15 EUR (1.26 USD) in Canada and 2.07 EUR (2.27 USD) in Iceland. The price of this product is 44.4% lower in Canada.

1.15 EUR
2.07 EUR

LPG 1L

0.85 EUR
-

Transportation

EURUSDISKCAD

Canada vs. Iceland - costs of transportation and public communication. You would pay 1.02 times less for transportation in Canada than in Iceland.

Monthly Pass (Regular Price)

The monthly ticket price for public transportation is 100.9 EUR (110.8 USD) in Canada and 62.03 EUR (68.11 USD) in Iceland. The price of this product is 38.5% lower in Iceland.

100.90 EUR
62.03 EUR

One-way Ticket (Local Transport)

The one-way ticket price for local transportation is 2.1 EUR (2.31 USD) in Canada and 3.79 EUR (4.16 USD) in Iceland. The price of this product is 44.6% lower in Canada.

2.10 EUR
3.79 EUR

Taxi 1hour Waiting (Normal Tariff)

The cost of a one-hour taxi stand/wait is 20.05 EUR (22.02 USD) in Canada and 56.31 EUR (61.83 USD) in Iceland. The price of this product is 64.4% lower in Canada.

20.05 EUR
56.31 EUR

Taxi 1km (Normal Tariff)

The fare for each kilometer traveled is 1.13 EUR (1.24 USD) in Canada and 2.85 EUR (3.13 USD) in Iceland. The price of this product is 60.4% lower in Canada.

1.13 EUR
2.85 EUR

Taxi Start (Normal Tariff)

The initial fare during a taxi ride is 2.89 EUR (3.17 USD) in Canada and 5.03 EUR (5.52 USD) in Iceland. The price of this product is 42.5% lower in Canada.

2.89 EUR
5.03 EUR

Sports & entertainment

EURUSDISKCAD

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 9.7 EUR (10.65 USD) in Canada and 12.75 EUR (14 USD) in Iceland. The price of this product is 23.9% lower in Canada.

9.70 EUR
12.75 EUR

Fitness Club, Monthly Fee for 1 Adult

The monthly fee for entry to the fitness club is 40.62 EUR (44.6 USD) in Canada and 62.03 EUR (68.12 USD) in Iceland. The price of this product is 34.5% lower in Canada.

40.62 EUR
62.03 EUR

Tennis Court Rent (1 Hour on Weekend)

The cost of renting a tennis court for one hour on the weekend is 15.37 EUR (16.88 USD) in Canada and 42.61 EUR (46.8 USD) in Iceland. The price of this product is 63.9% lower in Canada.

15.37 EUR
42.61 EUR

Flats for rent

EURUSDISKCAD

Canada vs. Iceland - costs of renting an apartment. You would pay about 1.11 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 1571 EUR (1725.36 USD) in Canada and 1497 EUR (1644.45 USD) in Iceland. The price of this product is 4.7% lower in Iceland.

1 571 EUR
1 497 EUR

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 1320 EUR (1449.06 USD) in Canada and 1268 EUR (1392.92 USD) in Iceland. The price of this product is 3.9% lower in Iceland.

1 320 EUR
1 268 EUR

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 2512 EUR (2758.18 USD) in Canada and 2169 EUR (2381.5 USD) in Iceland. The price of this product is 13.7% lower in Iceland.

2 512 EUR
2 169 EUR

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 2045 EUR (2245.43 USD) in Canada and 1805 EUR (1981.78 USD) in Iceland. The price of this product is 11.7% lower in Iceland.

2 045 EUR
1 805 EUR

Flats for sale

EURUSDISKCAD

Canada vs. Iceland - costs of purchasing an apartment. You would pay 1.47 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 8251 EUR (9061.3 USD) in Canada and 5788 EUR (6356 USD) in Iceland. The price of this product is 29.9% lower in Iceland.

8 251 EUR
5 788 EUR

Price per Square Meter to Buy Apartment Outside of Centre

For one square meter of an apartment outside the city center, you will pay 6472 EUR (7106.93 USD) in Canada and 4223 EUR (4637.58 USD) in Iceland. The price of this product is 34.7% lower in Iceland.

6 472 EUR
4 223 EUR

Salary

EURUSDISKCAD

Canada vs. Iceland - average salary. The average salary in Canada is 1.26 times lower than in Iceland.

Average Monthly Net Salary (After Tax)

The average monthly salary after taxes is 2735 EUR (3003.06 USD) in Canada and 3441 EUR (3778.5 USD) in Iceland. The average salary is 20.5% lower in Canada.

2 735 EUR
3 441 EUR

Hotels

EURUSDISKCAD

Canada vs. Iceland - prices of accommodation in hostels, guesthouses, and hotels.

One star

104 EUR
-

Two stars

113 EUR
157 EUR

Three stars

153 EUR
209 EUR

Four stars

187 EUR
334 EUR

Five stars

375 EUR
-

Average accommodation prices based on Expedia.com data • Update: 15 Dec 2024 (1 night stay for 2 people on 29 Dec 2024) • Canada: 20 cities, 1032 hotels • Iceland: 11 cities, 117 hotels

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