Calgary vs Reykjavik - Cost of Living Comparison

Updated: June 21, 2026

	Calgary	Reykjavik
🚶 Cost of living one person	$2095	$3205
👨‍👩‍👧‍👦 Cost of living Family	$4718	$6762
🏠 One person rent	$1181	$1954
🏘️ Family rent	$1885	$2956
🍽️ Food expenses	$591	$904
🚐 Transport expenses	$173	$100
💳 Monthly salary after tax	$3093	$4423
😷 Air quality	Excellent	Excellent
✈️ Airport proximity	9 km	4 km
🎓 Higher education	53	53
😀 Quality of life	90	88
🏙️ Population	1.31M	139K

The cost of living in Calgary is 35% less expensive than in Reykjavik. Cities ranked 1759th and 119th ($2095 vs $3205) in the list of the most expensive cities in the world and ranked 27th and 1st in Canada and Iceland, respectively. Check Canada vs Iceland comparison.

The average after-tax salary is enough to cover living expenses for 1.5 months in Calgary compared to 1.4 months in Reykjavik. Calgary ranked 9th best city to live in Canada vs Reykjavik ranked 1st in Iceland, while ranked 187th and 258th among best cities to live in the world.

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the estimated difference in money purchasing power

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<img src="https://livingcost.org/assets/photo/cost/calgary/reykjavik.jpg" alt="Cost of living in Calgary vs Reykjavik infographic" style="max-width: 100%; height: auto;"><p>Source: <a href="https://livingcost.org/cost/calgary/reykjavik" target="_blank">Calgary vs Reykjavik - Cost of Living Comparison</a></p>

Prices in Calgary vs Reykjavik

Prices for goods and services in Calgary and Reykjavik are partly crowdsourced by our visitors, just like yourself. Please consider telling us about your city.

	Calgary	Reykjavik
Eating Out
🍱 Lunch Menu	$19.1	$28.3
🥂 Dinner in a Restaurant, for 2	$65.2	$97.9
🥪 Fast food meal, equiv. McDonald's	$10.9	$20
🍻 Beer in a Pub, 0.5 L or 16 fl oz	$5.66	$13.4
☕ Cappuccino	$4.19	$6.5
🥤 Pepsi / Coke, 0.5 L or 16.9 fl oz	$2.13	$3.26
Rent & Utilities
🏙️ 1 bedroom apartment in Downtown, 40 m2 or 430 ft2	$1234	$2129
🏡 Cheap 1 bedroom apartment, 40 m2 or 430 ft2	$935	$1743
🏙️ 3 bedroom apartment in Downtown, 80 m2 or 860 ft2	$1946	$3328
🏡 Cheap 3 bedroom apartment, 80 m2 or 860 ft2	$1549	$2660
🔌 Utility Bill one person, electricity, heating, water, etc.	$130	$52.2
🔌 Utility Bill for a Family, electricity, heating, water, etc.	$200	$80.3
🌐 Internet plan, 50 Mbps+ 1 month unlimited	$56.1	$82
🏦 Mortgage Interest Rate for 20 Years	4.5%	8.69%
🏙️ Apartment price to Buy in city Center, 1 m2 or 10 ft2	$3751	$7748
🏡 House price to Buy in Suburbs, 1 m2 or 10 ft2	$3441	$6175
Transportation
🚌 Local transport ticket	$2.85	$5.38
🎟️ Monthly ticket local transport	$88	$90.3
🚕 Taxi Ride, 8 km or 5 mi	$15.2	$28.9
⛽ Gas / Petrol, 1 L or 0.26 gal	$1.06	$2.12
Groceries
🥛 Milk, 1 L or 1 qt	$1.86	$2.04
🍞 Bread, 0.5 kg or 1.1 lb	$2.39	$4.21
🍚 Rice, 1 kg or 2.2 lb	$3.39	$3.46
🥚 Eggs, x12	$3.87	$6.99
🧀 Cheese, 1 kg or 2.2 lb	$12.5	$20.2
🐔 Chicken Breast, 1 kg or 2.2 lb	$12	$24.8
🥩 Round Steak, 1 kg or 2.2 lb	$16.6	$44.1
🍏 Apples, 1 kg or 2.2 lb	$4.3	$3.41
🍌 Banana, 1 kg or 2.2 lb	$1.4	$2.66
🍊 Oranges, 1 kg or 2.2 lb	$3.83	$3.17
🍅 Tomato, 1 kg or 2.2 lb	$4.54	$5.99
🥔 Potato, 1 kg or 2.2 lb	$2.25	$3.65
🧅 Onion, 1 kg or 2.2 lb	$2.98	$1.89
🌊 Water, 1 L or 1 qt	$1.03	$1.16
🍹 Coca-Cola / Pepsi, 2 L or 67.6 fl oz	$2.21	$3
🍾 Wine (mid-priced), 750 mL bottle	$15.2	$23.2
🍺 Beer, 0.5 L or 16 fl oz	$2.92	$3.72
🚬 Cigarette pack	$13.2	$13.5
💊 Cold medicince, 1 week	$9.27	$11.6
🧴 Hair Shampoo	$5.57	$5.76
🧻 Toilet paper, 4 rolls	$2.51	$5.18
👄 Toothpaste, 1 tube	$2.43	$3.63
Other
🏋️ Gym Membership, 1 month	$53.4	$90.3
🎫 Cinema Ticket, 1 person	$13.8	$19.2
👩‍⚕️ Doctor's visit	$92.4	$92.8
💇 Haircut, simple	$22.6	$47.2
👖 Brand Jeans	$57.7	$146
👟 Brand Sneakers	$88.1	$178
👶 Daycare or Preschool, 1 month	$820	$472
🏫 International Primary School, 1 year	$15881	$30029

Cost of living in other countries

Cost of living

Cost of Living in the nearest cities

Cities near Calgary

Distance	City	Cost of living
106 km or 66 mi	Banff	$1927
137 km or 85 mi	Red Deer	$1874
174 km or 108 mi	Lethbridge	$1780
248 km or 154 mi	Leduc	$1733
265 km or 165 mi	Medicine Hat	$1579
278 km or 173 mi	Spruce Grove	$1626
279 km or 173 mi	Edmonton	$1835
357 km or 222 mi	Sandpoint	$2595
402 km or 250 mi	Kelowna	$1974
422 km or 262 mi	Coeur d'Alene	$2338
426 km or 265 mi	Post Falls	$2307
429 km or 266 mi	Penticton	$1749
440 km or 273 mi	Spokane Valley	$2197
442 km or 275 mi	Kamloops	$1771
443 km or 275 mi	Great Falls	$1953
452 km or 281 mi	Spokane	$2180
466 km or 289 mi	Missoula	$2135
517 km or 322 mi	Helena	$2505
524 km or 325 mi	Saskatoon	$1781
526 km or 327 mi	Moscow	$1703
531 km or 330 mi	Pullman	$1787
556 km or 345 mi	Grande Prairie	$1867
560 km or 348 mi	Lewiston	$1729
572 km or 355 mi	Butte	$1634
579 km or 360 mi	Moses Lake	$2100
600 km or 373 mi	Chilliwack	$1869
603 km or 375 mi	Moose Jaw	$1451
607 km or 377 mi	Wenatchee	$2290
616 km or 382 mi	Prince Albert	$1442
630 km or 391 mi	Abbotsford	$1953
636 km or 395 mi	Whistler	$2427
637 km or 396 mi	Walla Walla	$2053
638 km or 396 mi	Bozeman	$2930
641 km or 398 mi	Maple Ridge	$2266
650 km or 404 mi	Langley	$2100
650 km or 404 mi	Pasco	$2141
651 km or 405 mi	Coquitlam	$2493
654 km or 406 mi	Bellingham	$2523
654 km or 406 mi	Richland	$2492
655 km or 407 mi	Fort McMurray	$1872

Cities near Reykjavik

Distance	City	Cost of living
6.8 km or 4.2 mi	Kopavogur	$3092
9.8 km or 6.1 mi	Hafnarfjorur	$3106
38 km or 24 mi	Keflavik	$2581
247 km or 153 mi	Akureyri	$2921
795 km or 494 mi	Torshavn	$2017
1204 km or 748 mi	Inverness	$2005
1230 km or 764 mi	Elgin	$1523
1300 km or 808 mi	Derry	$1646
1309 km or 813 mi	Greenock	$1647
1321 km or 821 mi	Aberdeen	$1806
1325 km or 823 mi	Perth	$1640
1328 km or 825 mi	Stirling	$1835
1331 km or 827 mi	Paisley	$1885
1333 km or 828 mi	Alloa	$1842
1337 km or 831 mi	Glasgow	$2114
1339 km or 832 mi	Dundee	$1593
1340 km or 833 mi	Omagh	$1763
1341 km or 833 mi	Cumbernauld	$1611
1342 km or 834 mi	Irvine	$1704
1348 km or 838 mi	East Kilbride	$1878
1349 km or 838 mi	Kilmarnock	$1600
1351 km or 839 mi	Dunfermline	$1750
1353 km or 841 mi	Hamilton	$1831
1357 km or 843 mi	Ayr	$1586
1360 km or 845 mi	Kirkcaldy	$1794
1365 km or 848 mi	Livingston	$1760
1372 km or 852 mi	Edinburgh	$2295
1382 km or 859 mi	Newtownabbey	$1820
1387 km or 862 mi	Belfast	$1878
1390 km or 864 mi	Bangor	$1485
1391 km or 864 mi	Lisburn	$1923
1401 km or 871 mi	Alesund	$2021
1413 km or 878 mi	Galway	$3003
1425 km or 886 mi	Dundalk	$2264
1431 km or 889 mi	Dumfries	$1456
1433 km or 891 mi	Nuuk	$2508
1441 km or 895 mi	Molde	$2101
1454 km or 903 mi	Kristiansund	$1944
1455 km or 904 mi	Drogheda	$2518
1455 km or 904 mi	Bergen	$2336