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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

EURCADUSDISK

Canada vs. Iceland - grocery purchase prices. You would pay on average 1.57 times less for grocery shopping in Canada than in Iceland.

Apples (1kg)

One kilogram of apples costs 3.39 EUR (3.97 USD) in Canada and 2.85 EUR (3.34 USD) in Iceland. The price of this product is 15.9% lower in Iceland.

3.39 EUR
2.85 EUR

Banana (1kg)

1 kilogram of bananas costs 0.96 EUR (1.13 USD) in Canada and 2.15 EUR (2.52 USD) in Iceland. The price of this product is 55.3% lower in Canada.

0.96 EUR
2.15 EUR

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

One kilogram of beef or similar meat costs 13.77 EUR (16.13 USD) in Canada and 36.87 EUR (43.2 USD) in Iceland. The price of this product is 62.7% lower in Canada.

13.77 EUR
36.87 EUR

Bottle of Wine (Mid-Range)

A bottle of medium-grade wine costs 11.1 EUR (13.01 USD) in Canada and 20.96 EUR (24.56 USD) in Iceland. The price of this product is 47% lower in Canada.

11.10 EUR
20.96 EUR

Chicken Fillets (1kg)

One kilogram of chicken fillet costs 10.78 EUR (12.63 USD) in Canada and 20.94 EUR (24.53 USD) in Iceland. The price of this product is 48.5% lower in Canada.

10.78 EUR
20.94 EUR

Cigarettes 20 Pack (Marlboro)

A pack of 20 cigarettes costs 12.34 EUR (14.45 USD) in Canada and 11.88 EUR (13.92 USD) in Iceland. The price of this product is 3.7% lower in Iceland.

12.34 EUR
11.88 EUR

Domestic Beer (0.5 liter bottle)

Domestic beer in a 0.5 liter bottle costs 2.33 EUR (2.72 USD) in Canada and 3.16 EUR (3.7 USD) in Iceland. The price of this product is 26.3% lower in Canada.

2.33 EUR
3.16 EUR

Eggs (regular) (12)

You will pay 2.95 EUR (3.45 USD) for 12 eggs in Canada and 5.54 EUR (6.49 USD) in Iceland. The price of this product is 46.8% lower in Canada.

2.95 EUR
5.54 EUR

Imported Beer (0.33 liter bottle)

A 0.33 liter bottle of imported beer costs 2.76 EUR (3.24 USD) in Canada and 2.93 EUR (3.44 USD) in Iceland. The price of this product is 5.8% lower in Canada.

2.76 EUR
2.93 EUR

Johnnie Walker Red Label Whisky 0.7 Litre

24.02 EUR
-

Lettuce (1 head)

One head of lettuce costs 2.02 EUR (2.36 USD) in Canada and 2.7 EUR (3.17 USD) in Iceland. The price of this product is 25.2% lower in Canada.

2.02 EUR
2.70 EUR

Loaf of Fresh White Bread (500g)

One loaf of fresh white bread costs 2.29 EUR (2.68 USD) in Canada and 3.71 EUR (4.35 USD) in Iceland. The price of this product is 38.3% lower in Canada.

2.29 EUR
3.71 EUR

Local Cheese (1kg)

One kilogram of locally produced cheese costs 12.01 EUR (14.07 USD) in Canada and 15.88 EUR (18.6 USD) in Iceland. The price of this product is 24.4% lower in Canada.

12.01 EUR
15.88 EUR

Milk (regular), (1 liter)

One liter of milk costs 2.21 EUR (2.59 USD) in Canada and 1.67 EUR (1.96 USD) in Iceland. The price of this product is 24.4% lower in Iceland.

2.21 EUR
1.67 EUR

Onion (1kg)

One kilogram of onions costs 2.37 EUR (2.78 USD) in Canada and 2.07 EUR (2.42 USD) in Iceland. The price of this product is 12.7% lower in Iceland.

2.37 EUR
2.07 EUR

Oranges (1kg)

One kilogram of oranges costs 2.84 EUR (3.32 USD) in Canada and 2.66 EUR (3.11 USD) in Iceland. The price of this product is 6.3% lower in Iceland.

2.84 EUR
2.66 EUR

Potato (1kg)

One kilogram of potatoes costs 2.04 EUR (2.38 USD) in Canada and 3.14 EUR (3.67 USD) in Iceland. The price of this product is 35% lower in Canada.

2.04 EUR
3.14 EUR

Rice (white), (1kg)

One kilogram of white rice costs 3.03 EUR (3.56 USD) in Canada and 3.17 EUR (3.72 USD) in Iceland. The price of this product is 4.4% lower in Canada.

3.03 EUR
3.17 EUR

Smirnoff Red Label Vodka 0.7 Litre

17.63 EUR
-

Tomato (1kg)

One kilogram of tomatoes costs 3.48 EUR (4.08 USD) in Canada and 4.35 EUR (5.1 USD) in Iceland. The price of this product is 20% lower in Canada.

3.48 EUR
4.35 EUR

Water (1.5 liter bottle)

A 1.5 liter bottle of water costs 1.65 EUR (1.93 USD) in Canada and 1.71 EUR (2 USD) in Iceland. The price of this product is 3.5% lower in Canada.

1.65 EUR
1.71 EUR

Restaurant

EURCADUSDISK

Canada vs. Iceland - expenses on meals in restaurants. You would pay 1.74 times less for meals in restaurants in Canada than in Iceland.

Cappuccino (regular)

For a cappuccino in a restaurant, you'll pay 3.26 EUR (3.82 USD) in Canada and 5.31 EUR (6.23 USD) in Iceland. The price of this product is 38.6% lower in Canada.

3.26 EUR
5.31 EUR

Coke/Pepsi (0.33 liter bottle)

A 0.33 liter bottle of Coca-Cola or Pepsi costs 1.82 EUR (2.13 USD) in Canada and 2.84 EUR (3.33 USD) in Iceland. The price of this product is 35.9% lower in Canada.

1.82 EUR
2.84 EUR

Domestic Beer (0.5 liter draught)

Domestic beer with a capacity of 0.5 liters costs 4.93 EUR (5.78 USD) in Canada and 11.18 EUR (13.1 USD) in Iceland. The price of this product is 55.9% lower in Canada.

4.93 EUR
11.18 EUR

Imported Beer (0.33 liter bottle)

A 0.33 liter bottle of imported beer costs 5.55 EUR (6.5 USD) in Canada and 9.78 EUR (11.46 USD) in Iceland. The price of this product is 43.3% lower in Canada.

5.55 EUR
9.78 EUR

McMeal at McDonalds (or Equivalent Combo Meal)

A McMeal or similar meal at McDonald's costs 9.25 EUR (10.84 USD) in Canada and 19.56 EUR (22.92 USD) in Iceland. The price of this product is 52.7% lower in Canada.

9.25 EUR
19.56 EUR

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

A three-course meal for two people at a mid-range restaurant costs 70.93 EUR (83.11 USD) in Canada and 125.77 EUR (147.36 USD) in Iceland. The price of this product is 43.6% lower in Canada.

70.93 EUR
125.77 EUR

Meal, Inexpensive Restaurant

A meal at an inexpensive restaurant costs 17.89 EUR (20.96 USD) in Canada and 23.41 EUR (27.43 USD) in Iceland. The price of this product is 23.6% lower in Canada.

17.89 EUR
23.41 EUR

Water (0.33 liter bottle)

A 0.33 liter bottle of water costs 1.39 EUR (1.63 USD) in Canada and 2.27 EUR (2.67 USD) in Iceland. The price of this product is 38.8% lower in Canada.

1.39 EUR
2.27 EUR

Fuel

EURCADUSDISK

Canada vs. Iceland - expenses related to fuel. You would pay 2.27 times less for fuel in Canada than in Iceland.

Diesel 1L

A liter of diesel costs 0.95 EUR (1.12 USD) in Canada and 2.27 EUR (2.65 USD) in Iceland. The price of this product is 58.1% lower in Canada.

0.95 EUR
2.27 EUR

Gasoline 1L

A liter of gasoline costs 1 EUR (1.17 USD) in Canada and 2.16 EUR (2.53 USD) in Iceland. The price of this product is 53.7% lower in Canada.

1.00 EUR
2.16 EUR

LPG 1L

0.79 EUR
-

Transportation

EURCADUSDISK

Canada vs. Iceland - costs of transportation and public communication. You would pay 1.31 times less for transportation in Canada than in Iceland.

Monthly Pass (Regular Price)

The monthly ticket price for public transportation is 96.22 EUR (112.74 USD) in Canada and 75.46 EUR (88.42 USD) in Iceland. The price of this product is 21.6% lower in Iceland.

96.22 EUR
75.46 EUR

One-way Ticket (Local Transport)

The one-way ticket price for local transportation is 2.07 EUR (2.42 USD) in Canada and 4.54 EUR (5.32 USD) in Iceland. The price of this product is 54.4% lower in Canada.

2.07 EUR
4.54 EUR

Taxi 1hour Waiting (Normal Tariff)

The cost of a one-hour taxi stand/wait is 21.59 EUR (25.29 USD) in Canada and 74.83 EUR (87.68 USD) in Iceland. The price of this product is 71.1% lower in Canada.

21.59 EUR
74.83 EUR

Taxi 1km (Normal Tariff)

The fare for each kilometer traveled is 1.23 EUR (1.45 USD) in Canada and 2.26 EUR (2.65 USD) in Iceland. The price of this product is 45.6% lower in Canada.

1.23 EUR
2.26 EUR

Taxi Start (Normal Tariff)

The initial fare during a taxi ride is 3.08 EUR (3.61 USD) in Canada and 5.52 EUR (6.47 USD) in Iceland. The price of this product is 44.2% lower in Canada.

3.08 EUR
5.52 EUR

Sports & entertainment

EURCADUSDISK

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 9.87 EUR (11.56 USD) in Canada and 15.3 EUR (17.93 USD) in Iceland. The price of this product is 35.5% lower in Canada.

9.87 EUR
15.30 EUR

Fitness Club, Monthly Fee for 1 Adult

The monthly fee for entry to the fitness club is 47.92 EUR (56.14 USD) in Canada and 72.16 EUR (84.55 USD) in Iceland. The price of this product is 33.6% lower in Canada.

47.92 EUR
72.16 EUR

Tennis Court Rent (1 Hour on Weekend)

The cost of renting a tennis court for one hour on the weekend is 17.5 EUR (20.51 USD) in Canada and 39.48 EUR (46.25 USD) in Iceland. The price of this product is 55.7% lower in Canada.

17.50 EUR
39.48 EUR

Flats for rent

EURCADUSDISK

Canada vs. Iceland - costs of renting an apartment. You would pay about 1.19 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 1523 EUR (1784.49 USD) in Canada and 1925 EUR (2255.23 USD) in Iceland. The price of this product is 20.9% lower in Canada.

1 523 EUR
1 925 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 1303 EUR (1526.24 USD) in Canada and 1764 EUR (2067.13 USD) in Iceland. The price of this product is 26.1% lower in Canada.

1 303 EUR
1 764 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 2486 EUR (2912.64 USD) in Canada and 2764 EUR (3238.17 USD) in Iceland. The price of this product is 10.1% lower in Canada.

2 486 EUR
2 764 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 2092 EUR (2450.85 USD) in Canada and 2385 EUR (2793.88 USD) in Iceland. The price of this product is 12.3% lower in Canada.

2 092 EUR
2 385 EUR

Flats for sale

EURCADUSDISK

Canada vs. Iceland - costs of purchasing an apartment. You would pay 1.15 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 7671 EUR (8987.24 USD) in Canada and 6632 EUR (7770.5 USD) in Iceland. The price of this product is 13.5% lower in Iceland.

7 671 EUR
6 632 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 6439 EUR (7543.92 USD) in Canada and 5608 EUR (6570.81 USD) in Iceland. The price of this product is 12.9% lower in Iceland.

6 439 EUR
5 608 EUR

Salary

EURCADUSDISK

Canada vs. Iceland - average salary. The average salary in Canada is 1.35 times lower than in Iceland.

Average Monthly Net Salary (After Tax)

The average monthly salary after taxes is 2711 EUR (3176.11 USD) in Canada and 3663 EUR (4291.81 USD) in Iceland. The average salary is 26% lower in Canada.

2 711 EUR
3 663 EUR

Hotels

EURCADUSDISK

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

One star

97.8 EUR
-

Two stars

106 EUR
147 EUR

Three stars

144 EUR
196 EUR

Four stars

175 EUR
313 EUR

Five stars

351 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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