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 1.54 times less for grocery shopping in Canada than in Iceland.
Apples (1kg)
One kilogram of apples costs 4.01 USD in Canada and 3.31 USD in Iceland. The price of this product is 17.5% lower in Iceland.
Banana (1kg)
1 kilogram of bananas costs 1.14 USD in Canada and 2.5 USD in Iceland. The price of this product is 54.4% lower in Canada.
Beef Round (1kg) (or Equivalent Back Leg Red Meat)
One kilogram of beef or similar meat costs 16.3 USD in Canada and 42.8 USD in Iceland. The price of this product is 61.9% lower in Canada.
Bottle of Wine (Mid-Range)
A bottle of medium-grade wine costs 13.14 USD in Canada and 24.33 USD in Iceland. The price of this product is 46% lower in Canada.
Chicken Fillets (1kg)
One kilogram of chicken fillet costs 12.76 USD in Canada and 24.3 USD in Iceland. The price of this product is 47.5% lower in Canada.
Cigarettes 20 Pack (Marlboro)
A pack of 20 cigarettes costs 14.6 USD in Canada and 13.79 USD in Iceland. The price of this product is 5.5% lower in Iceland.
Domestic Beer (0.5 liter bottle)
Domestic beer in a 0.5 liter bottle costs 2.75 USD in Canada and 3.67 USD in Iceland. The price of this product is 25.1% lower in Canada.
Eggs (regular) (12)
You will pay 3.49 USD for 12 eggs in Canada and 6.43 USD in Iceland. The price of this product is 45.7% lower in Canada.
Imported Beer (0.33 liter bottle)
A 0.33 liter bottle of imported beer costs 3.27 USD in Canada and 3.4 USD in Iceland. The price of this product is 3.8% lower in Canada.
Johnnie Walker Red Label Whisky 0.7 Litre
Lettuce (1 head)
One head of lettuce costs 2.39 USD in Canada and 3.14 USD in Iceland. The price of this product is 23.9% lower in Canada.
Loaf of Fresh White Bread (500g)
One loaf of fresh white bread costs 2.71 USD in Canada and 4.31 USD in Iceland. The price of this product is 37.1% lower in Canada.
Local Cheese (1kg)
One kilogram of locally produced cheese costs 14.22 USD in Canada and 18.43 USD in Iceland. The price of this product is 22.8% lower in Canada.
Milk (regular), (1 liter)
One liter of milk costs 2.61 USD in Canada and 1.94 USD in Iceland. The price of this product is 25.7% lower in Iceland.
Onion (1kg)
One kilogram of onions costs 2.81 USD in Canada and 2.4 USD in Iceland. The price of this product is 14.6% lower in Iceland.
Oranges (1kg)
One kilogram of oranges costs 3.36 USD in Canada and 3.08 USD in Iceland. The price of this product is 8.3% lower in Iceland.
Potato (1kg)
One kilogram of potatoes costs 2.41 USD in Canada and 3.64 USD in Iceland. The price of this product is 33.8% lower in Canada.
Rice (white), (1kg)
One kilogram of white rice costs 3.59 USD in Canada and 3.68 USD in Iceland. The price of this product is 2.4% lower in Canada.
Smirnoff Red Label Vodka 0.7 Litre
Tomato (1kg)
One kilogram of tomatoes costs 4.13 USD in Canada and 5.05 USD in Iceland. The price of this product is 18.2% lower in Canada.
Water (1.5 liter bottle)
A 1.5 liter bottle of water costs 1.95 USD in Canada and 1.98 USD in Iceland. The price of this product is 1.5% lower in Canada.
Restaurant
Canada vs. Iceland - expenses on meals in restaurants. You would pay 1.71 times less for meals in restaurants in Canada than in Iceland.
Cappuccino (regular)
For a cappuccino in a restaurant, you'll pay 3.86 USD in Canada and 6.17 USD in Iceland. The price of this product is 37.4% lower in Canada.
Coke/Pepsi (0.33 liter bottle)
A 0.33 liter bottle of Coca-Cola or Pepsi costs 2.15 USD in Canada and 3.3 USD in Iceland. The price of this product is 34.8% lower in Canada.
Domestic Beer (0.5 liter draught)
Domestic beer with a capacity of 0.5 liters costs 5.84 USD in Canada and 12.98 USD in Iceland. The price of this product is 55% lower in Canada.
Imported Beer (0.33 liter bottle)
A 0.33 liter bottle of imported beer costs 6.57 USD in Canada and 11.36 USD in Iceland. The price of this product is 42.2% lower in Canada.
McMeal at McDonalds (or Equivalent Combo Meal)
A McMeal or similar meal at McDonald's costs 10.95 USD in Canada and 22.71 USD in Iceland. The price of this product is 51.8% 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 83.98 USD in Canada and 146 USD in Iceland. The price of this product is 42.5% lower in Canada.
Meal, Inexpensive Restaurant
A meal at an inexpensive restaurant costs 21.18 USD in Canada and 27.17 USD in Iceland. The price of this product is 22% lower in Canada.
Water (0.33 liter bottle)
A 0.33 liter bottle of water costs 1.64 USD in Canada and 2.64 USD in Iceland. The price of this product is 37.9% lower in Canada.
Fuel
Canada vs. Iceland - expenses related to fuel. You would pay 2.26 times less for fuel in Canada than in Iceland.
Diesel 1L
A liter of diesel costs 1.12 USD in Canada and 2.65 USD in Iceland. The price of this product is 57.7% lower in Canada.
Gasoline 1L
A liter of gasoline costs 1.17 USD in Canada and 2.53 USD in Iceland. The price of this product is 53.8% lower in Canada.
LPG 1L
Transportation
Canada vs. Iceland - costs of transportation and public communication. You would pay 1.28 times less for transportation in Canada than in Iceland.
Monthly Pass (Regular Price)
The monthly ticket price for public transportation is 113.92 USD in Canada and 87.6 USD in Iceland. The price of this product is 23.1% lower in Iceland.
One-way Ticket (Local Transport)
The one-way ticket price for local transportation is 2.45 USD in Canada and 5.27 USD in Iceland. The price of this product is 53.5% lower in Canada.
Taxi 1hour Waiting (Normal Tariff)
The cost of a one-hour taxi stand/wait is 25.56 USD in Canada and 86.87 USD in Iceland. The price of this product is 70.6% lower in Canada.
Taxi 1km (Normal Tariff)
The fare for each kilometer traveled is 1.46 USD in Canada and 2.63 USD in Iceland. The price of this product is 44.5% lower in Canada.
Taxi Start (Normal Tariff)
The initial fare during a taxi ride is 3.65 USD in Canada and 6.41 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 11.68 USD in Canada and 17.76 USD in Iceland. The price of this product is 34.2% lower in Canada.
Fitness Club, Monthly Fee for 1 Adult
The monthly fee for entry to the fitness club is 56.73 USD in Canada and 83.76 USD in Iceland. The price of this product is 32.3% lower in Canada.
Tennis Court Rent (1 Hour on Weekend)
The cost of renting a tennis court for one hour on the weekend is 20.72 USD in Canada and 45.83 USD in Iceland. The price of this product is 54.8% lower in Canada.
Flats for rent
Canada vs. Iceland - costs of renting an apartment. You would pay about 1.17 times less 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 1803 USD in Canada and 2234 USD in Iceland. The price of this product is 19.3% lower in Canada.
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 1542 USD in Canada and 2048 USD in Iceland. The price of this product is 24.7% lower in Canada.
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 2943 USD in Canada and 3208 USD in Iceland. The price of this product is 8.3% lower in Canada.
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 2476 USD in Canada and 2768 USD in Iceland. The price of this product is 10.5% lower in Canada.
Flats for sale
Canada vs. Iceland - costs of purchasing an apartment. You would pay 1.18 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 9081 USD in Canada and 7699 USD in Iceland. The price of this product is 15.2% 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 7623 USD in Canada and 6510 USD in Iceland. The price of this product is 14.6% lower in Iceland.
Salary
Canada vs. Iceland - average salary. The average salary in Canada is 1.33 times lower than in Iceland.
Average Monthly Net Salary (After Tax)
The average monthly salary after taxes is 3209 USD in Canada and 4252 USD in Iceland. The average salary is 24.5% 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