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 1.42 times less for grocery shopping in Canada than in Iceland.
Apples (1kg)
One kilogram of apples costs 3.12 EUR (3.54 USD) in Canada and 3.12 EUR (3.54 USD) in Iceland. The price of this product is 0% lower in Iceland.
Banana (1kg)
1 kilogram of bananas costs 1.06 EUR (1.21 USD) in Canada and 1.96 EUR (2.23 USD) in Iceland. The price of this product is 45.9% lower in Canada.
Beef Round (1kg) (or Equivalent Back Leg Red Meat)
One kilogram of beef or similar meat costs 11.76 EUR (13.36 USD) in Canada and 24.17 EUR (27.47 USD) in Iceland. The price of this product is 51.3% lower in Canada.
Bottle of Wine (Mid-Range)
A bottle of medium-grade wine costs 10.47 EUR (11.9 USD) in Canada and 18.62 EUR (21.17 USD) in Iceland. The price of this product is 43.8% lower in Canada.
Chicken Fillets (1kg)
One kilogram of chicken fillet costs 10.22 EUR (11.62 USD) in Canada and 16.7 EUR (18.98 USD) in Iceland. The price of this product is 38.8% lower in Canada.
Cigarettes 20 Pack (Marlboro)
A pack of 20 cigarettes costs 11.06 EUR (12.57 USD) in Canada and 11.04 EUR (12.54 USD) in Iceland. The price of this product is 0.2% lower in Iceland.
Domestic Beer (0.5 liter bottle)
Domestic beer in a 0.5 liter bottle costs 1.99 EUR (2.26 USD) in Canada and 2.89 EUR (3.28 USD) in Iceland. The price of this product is 31.1% lower in Canada.
Eggs (regular) (12)
You will pay 2.79 EUR (3.17 USD) for 12 eggs in Canada and 5.24 EUR (5.95 USD) in Iceland. The price of this product is 46.8% lower in Canada.
Imported Beer (0.33 liter bottle)
A 0.33 liter bottle of imported beer costs 2.36 EUR (2.68 USD) in Canada and 2.4 EUR (2.73 USD) in Iceland. The price of this product is 1.7% lower in Canada.
Johnnie Walker Red Label Whisky 0.7 Litre
Lettuce (1 head)
One head of lettuce costs 2.13 EUR (2.42 USD) in Canada and 2.6 EUR (2.95 USD) in Iceland. The price of this product is 18.1% lower in Canada.
Loaf of Fresh White Bread (500g)
One loaf of fresh white bread costs 2.18 EUR (2.48 USD) in Canada and 3.1 EUR (3.52 USD) in Iceland. The price of this product is 29.7% lower in Canada.
Local Cheese (1kg)
One kilogram of locally produced cheese costs 9.99 EUR (11.35 USD) in Canada and 13.57 EUR (15.43 USD) in Iceland. The price of this product is 26.4% lower in Canada.
Milk (regular), (1 liter)
One liter of milk costs 2.31 EUR (2.63 USD) in Canada and 1.46 EUR (1.66 USD) in Iceland. The price of this product is 36.8% lower in Iceland.
Onion (1kg)
One kilogram of onions costs 2.29 EUR (2.6 USD) in Canada and 1.29 EUR (1.47 USD) in Iceland. The price of this product is 43.7% lower in Iceland.
Oranges (1kg)
One kilogram of oranges costs 2.87 EUR (3.26 USD) in Canada and 2.38 EUR (2.7 USD) in Iceland. The price of this product is 17.1% lower in Iceland.
Potato (1kg)
One kilogram of potatoes costs 2.29 EUR (2.6 USD) in Canada and 2.57 EUR (2.92 USD) in Iceland. The price of this product is 10.9% lower in Canada.
Rice (white), (1kg)
One kilogram of white rice costs 2.62 EUR (2.98 USD) in Canada and 2.93 EUR (3.34 USD) in Iceland. The price of this product is 10.6% lower in Canada.
Smirnoff Red Label Vodka 0.7 Litre
Tomato (1kg)
One kilogram of tomatoes costs 3.23 EUR (3.67 USD) in Canada and 4.41 EUR (5.01 USD) in Iceland. The price of this product is 26.8% lower in Canada.
Water (1.5 liter bottle)
A 1.5 liter bottle of water costs 1.44 EUR (1.63 USD) in Canada and 1.86 EUR (2.11 USD) in Iceland. The price of this product is 22.6% lower in Canada.
Restaurant
Canada vs. Iceland - expenses on meals in restaurants. You would pay 1.36 times less for meals in restaurants in Canada than in Iceland.
Cappuccino (regular)
For a cappuccino in a restaurant, you'll pay 3.13 EUR (3.56 USD) in Canada and 4.31 EUR (4.9 USD) in Iceland. The price of this product is 27.4% lower in Canada.
Coke/Pepsi (0.33 liter bottle)
A 0.33 liter bottle of Coca-Cola or Pepsi costs 1.72 EUR (1.95 USD) in Canada and 2.38 EUR (2.7 USD) in Iceland. The price of this product is 27.7% lower in Canada.
Domestic Beer (0.5 liter draught)
Domestic beer with a capacity of 0.5 liters costs 5.13 EUR (5.83 USD) in Canada and 8.97 EUR (10.19 USD) in Iceland. The price of this product is 42.8% lower in Canada.
Imported Beer (0.33 liter bottle)
A 0.33 liter bottle of imported beer costs 5.77 EUR (6.56 USD) in Canada and 7.59 EUR (8.62 USD) in Iceland. The price of this product is 24% lower in Canada.
McMeal at McDonalds (or Equivalent Combo Meal)
A McMeal or similar meal at McDonald's costs 8.33 EUR (9.47 USD) in Canada and 13.8 EUR (15.68 USD) in Iceland. The price of this product is 39.6% 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 76.91 EUR (87.43 USD) in Canada and 103.46 EUR (117.61 USD) in Iceland. The price of this product is 25.7% lower in Canada.
Meal, Inexpensive Restaurant
A meal at an inexpensive restaurant costs 14.74 EUR (16.76 USD) in Canada and 17.24 EUR (19.6 USD) in Iceland. The price of this product is 14.5% lower in Canada.
Water (0.33 liter bottle)
A 0.33 liter bottle of water costs 1.37 EUR (1.55 USD) in Canada and 1.85 EUR (2.1 USD) in Iceland. The price of this product is 25.9% lower in Canada.
Fuel
Canada vs. Iceland - expenses related to fuel. You would pay 1.86 times less for fuel in Canada than in Iceland.
Diesel 1L
A liter of diesel costs 1.05 EUR (1.19 USD) in Canada and 2.02 EUR (2.3 USD) in Iceland. The price of this product is 48% lower in Canada.
Gasoline 1L
A liter of gasoline costs 1.11 EUR (1.26 USD) in Canada and 2 EUR (2.27 USD) in Iceland. The price of this product is 44.5% lower in Canada.
LPG 1L
Transportation
Canada vs. Iceland - costs of transportation and public communication. You would pay 1.03 times less for transportation in Canada than in Iceland.
Monthly Pass (Regular Price)
The monthly ticket price for public transportation is 99.99 EUR (113.66 USD) in Canada and 62.08 EUR (70.56 USD) in Iceland. The price of this product is 37.9% lower in Iceland.
One-way Ticket (Local Transport)
The one-way ticket price for local transportation is 2.08 EUR (2.37 USD) in Canada and 3.79 EUR (4.31 USD) in Iceland. The price of this product is 45.1% lower in Canada.
Taxi 1hour Waiting (Normal Tariff)
The cost of a one-hour taxi stand/wait is 19.87 EUR (22.59 USD) in Canada and 56.35 EUR (64.06 USD) in Iceland. The price of this product is 64.7% lower in Canada.
Taxi 1km (Normal Tariff)
The fare for each kilometer traveled is 1.12 EUR (1.27 USD) in Canada and 2.86 EUR (3.25 USD) in Iceland. The price of this product is 60.8% lower in Canada.
Taxi Start (Normal Tariff)
The initial fare during a taxi ride is 2.87 EUR (3.26 USD) in Canada and 5.04 EUR (5.72 USD) in Iceland. The price of this product is 43.1% 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 9.61 EUR (10.93 USD) in Canada and 12.76 EUR (14.5 USD) in Iceland. The price of this product is 24.7% lower in Canada.
Fitness Club, Monthly Fee for 1 Adult
The monthly fee for entry to the fitness club is 40.25 EUR (45.75 USD) in Canada and 62.09 EUR (70.57 USD) in Iceland. The price of this product is 35.2% lower in Canada.
Tennis Court Rent (1 Hour on Weekend)
The cost of renting a tennis court for one hour on the weekend is 15.24 EUR (17.32 USD) in Canada and 42.65 EUR (48.48 USD) in Iceland. The price of this product is 64.3% lower in Canada.
Flats for rent
Canada vs. Iceland - costs of renting an apartment. You would pay about 1.09 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 1557 EUR (1769.8 USD) in Canada and 1499 EUR (1703.56 USD) in Iceland. The price of this product is 3.7% 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 1308 EUR (1486.38 USD) in Canada and 1269 EUR (1442.98 USD) in Iceland. The price of this product is 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 2489 EUR (2829.22 USD) in Canada and 2170 EUR (2467.1 USD) in Iceland. The price of this product is 12.8% 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 2026 EUR (2303.26 USD) in Canada and 1806 EUR (2053.01 USD) in Iceland. The price of this product is 10.9% lower in Iceland.
Flats for sale
Canada vs. Iceland - costs of purchasing an apartment. You would pay 1.46 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 8177 EUR (9294.67 USD) in Canada and 5793 EUR (6584.46 USD) in Iceland. The price of this product is 29.2% 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 6413 EUR (7289.97 USD) in Canada and 4227 EUR (4804.27 USD) in Iceland. The price of this product is 34.1% lower in Iceland.
Salary
Canada vs. Iceland - average salary. The average salary in Canada is 1.27 times lower than in Iceland.
Average Monthly Net Salary (After Tax)
The average monthly salary after taxes is 2710 EUR (3080.4 USD) in Canada and 3444 EUR (3914.32 USD) in Iceland. The average salary is 21.3% 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 Dec 2024 (1 night stay for 2 people on 29 Dec 2024) • Canada: 20 cities, 1032 hotels • Iceland: 11 cities, 117 hotels