Calgary vs Reykjavik - Cost of Living Comparison

Updated: March 11, 2026

	Calgary	Reykjavik
🚶 Cost of living one person	$2118	$3322
👨‍👩‍👧‍👦 Cost of living Family	$4745	$6846
🏠 One person rent	$1202	$2058
🏘️ Family rent	$1911	$3020
🍽️ Food expenses	$591	$916
🚐 Transport expenses	$173	$102
💳 Monthly salary after tax	$3199	$4546
😷 Air quality	Excellent	Excellent
✈️ Airport proximity	9 km	4 km
🎓 Higher education	53	52
😀 Quality of life	90	89
🏙️ Population	1.31M	139K

The cost of living in Calgary is 36% less expensive than in Reykjavik. Cities ranked 1716th and 86th ($2118 vs $3322) in the list of the most expensive cities in the world and ranked 29th 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 21st best city to live in Canada vs Reykjavik ranked 1st in Iceland, while ranked 209th and 268th among best cities to live in the world.

Salary adjustment calculator
the estimated difference in money purchasing power

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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	$17	$28.6
🥂 Dinner in a Restaurant, for 2	$65	$90.8
🥪 Fast food meal, equiv. McDonald's	$11.3	$20.3
🍻 Beer in a Pub, 0.5 L or 16 fl oz	$6.29	$12.6
☕ Cappuccino	$4.2	$6.19
🥤 Pepsi / Coke, 0.5 L or 16.9 fl oz	$2.03	$3.25
Rent & Utilities
🏙️ 1 bedroom apartment in Downtown, 40 m2 or 430 ft2	$1224	$2151
🏡 Cheap 1 bedroom apartment, 40 m2 or 430 ft2	$957	$1861
🏙️ 3 bedroom apartment in Downtown, 80 m2 or 860 ft2	$2059	$3373
🏡 Cheap 3 bedroom apartment, 80 m2 or 860 ft2	$1544	$2721
🔌 Utility Bill one person, electricity, heating, water, etc.	$132	$51.6
🔌 Utility Bill for a Family, electricity, heating, water, etc.	$204	$81.7
🌐 Internet plan, 50 Mbps+ 1 month unlimited	$59.8	$87.2
🏦 Mortgage Interest Rate for 20 Years	4.55%	8.79%
🏙️ Apartment price to Buy in city Center, 1 m2 or 10 ft2	$3738	$7832
🏡 House price to Buy in Suburbs, 1 m2 or 10 ft2	$3570	$6385
Transportation
🚌 Local transport ticket	$2.94	$5.51
🎟️ Monthly ticket local transport	$87.1	$87.9
🚕 Taxi Ride, 8 km or 5 mi	$15.5	$29.5
⛽ Gas / Petrol, 1 L or 0.26 gal	$0.98	$2.49
Groceries
🥛 Milk, 1 L or 1 qt	$1.98	$1.98
🍞 Bread, 0.5 kg or 1.1 lb	$2.42	$4.44
🍚 Rice, 1 kg or 2.2 lb	$3.2	$3.58
🥚 Eggs, x12	$3.79	$6.83
🧀 Cheese, 1 kg or 2.2 lb	$12.8	$19.7
🐔 Chicken Breast, 1 kg or 2.2 lb	$12.7	$26
🥩 Round Steak, 1 kg or 2.2 lb	$16.1	$44.9
🍏 Apples, 1 kg or 2.2 lb	$4.28	$3.55
🍌 Banana, 1 kg or 2.2 lb	$1.39	$2.67
🍊 Oranges, 1 kg or 2.2 lb	$4.02	$3.41
🍅 Tomato, 1 kg or 2.2 lb	$4.42	$5.8
🥔 Potato, 1 kg or 2.2 lb	$2.42	$3.52
🧅 Onion, 1 kg or 2.2 lb	$2.82	$2.2
🌊 Water, 1 L or 1 qt	$1.17	$1.27
🍹 Coca-Cola / Pepsi, 2 L or 67.6 fl oz	$2.28	$3.01
🍾 Wine (mid-priced), 750 mL bottle	$15.5	$24.2
🍺 Beer, 0.5 L or 16 fl oz	$2.95	$3.95
🚬 Cigarette pack	$13.7	$14
💊 Cold medicince, 1 week	$9.3	$12.7
🧴 Hair Shampoo	$5.63	$5.93
🧻 Toilet paper, 4 rolls	$2.56	$5.26
👄 Toothpaste, 1 tube	$2.51	$3.63
Other
🏋️ Gym Membership, 1 month	$55.4	$95.3
🎫 Cinema Ticket, 1 person	$13.8	$18.6
👩‍⚕️ Doctor's visit	$93.1	$93.8
💇 Haircut, simple	$23.2	$46.1
👖 Brand Jeans	$59.1	$144
👟 Brand Sneakers	$88.8	$176
👶 Daycare or Preschool, 1 month	$830	$408
🏫 International Primary School, 1 year	$15430	$30361

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	$1801
137 km or 85 mi	Red Deer	$1841
174 km or 108 mi	Lethbridge	$1761
248 km or 154 mi	Leduc	$1775
265 km or 165 mi	Medicine Hat	$1620
278 km or 173 mi	Spruce Grove	$1676
279 km or 173 mi	Edmonton	$1878
357 km or 222 mi	Sandpoint	$2593
402 km or 250 mi	Kelowna	$1993
422 km or 262 mi	Coeur d'Alene	$2331
426 km or 265 mi	Post Falls	$2315
429 km or 266 mi	Penticton	$1773
440 km or 273 mi	Spokane Valley	$2205
442 km or 275 mi	Kamloops	$1815
443 km or 275 mi	Great Falls	$1956
452 km or 281 mi	Spokane	$2187
466 km or 289 mi	Missoula	$2156
517 km or 322 mi	Helena	$2544
524 km or 325 mi	Saskatoon	$1821
526 km or 327 mi	Moscow	$1697
531 km or 330 mi	Pullman	$1899
556 km or 345 mi	Grande Prairie	$1892
560 km or 348 mi	Lewiston	$1701
572 km or 355 mi	Butte	$1634
579 km or 360 mi	Moses Lake	$2009
600 km or 373 mi	Chilliwack	$1884
603 km or 375 mi	Moose Jaw	$1506
607 km or 377 mi	Wenatchee	$2241
616 km or 382 mi	Prince Albert	$1486
630 km or 391 mi	Abbotsford	$2034
636 km or 395 mi	Whistler	$2470
637 km or 396 mi	Walla Walla	$2046
638 km or 396 mi	Bozeman	$2677
641 km or 398 mi	Maple Ridge	$2326
650 km or 404 mi	Langley	$2054
650 km or 404 mi	Pasco	$2074
651 km or 405 mi	Coquitlam	$2590
654 km or 406 mi	Bellingham	$2526
654 km or 406 mi	Richland	$2460
655 km or 407 mi	Fort McMurray	$1934

Cities near Reykjavik

Distance	City	Cost of living
6.8 km or 4.2 mi	Kopavogur	$3219
9.8 km or 6.1 mi	Hafnarfjorur	$3212
38 km or 24 mi	Keflavik	$2621
247 km or 153 mi	Akureyri	$2974
795 km or 494 mi	Torshavn	$2066
1204 km or 748 mi	Inverness	$2053
1230 km or 764 mi	Elgin	$1540
1300 km or 808 mi	Derry	$1620
1309 km or 813 mi	Greenock	$1645
1321 km or 821 mi	Aberdeen	$1848
1325 km or 823 mi	Perth	$1656
1328 km or 825 mi	Stirling	$1852
1331 km or 827 mi	Paisley	$1906
1333 km or 828 mi	Alloa	$1862
1337 km or 831 mi	Glasgow	$2121
1339 km or 832 mi	Dundee	$1585
1340 km or 833 mi	Omagh	$1769
1341 km or 833 mi	Cumbernauld	$1652
1342 km or 834 mi	Irvine	$1707
1348 km or 838 mi	East Kilbride	$1902
1349 km or 838 mi	Kilmarnock	$1568
1351 km or 839 mi	Dunfermline	$1782
1353 km or 841 mi	Hamilton	$1854
1357 km or 843 mi	Ayr	$1588
1360 km or 845 mi	Kirkcaldy	$1821
1365 km or 848 mi	Livingston	$1784
1372 km or 852 mi	Edinburgh	$2331
1382 km or 859 mi	Newtownabbey	$1892
1387 km or 862 mi	Belfast	$1954
1390 km or 864 mi	Bangor	$1496
1391 km or 864 mi	Lisburn	$1945
1401 km or 871 mi	Alesund	$1980
1413 km or 878 mi	Galway	$2978
1425 km or 886 mi	Dundalk	$2179
1431 km or 889 mi	Dumfries	$1490
1433 km or 891 mi	Nuuk	$2363
1441 km or 895 mi	Molde	$2135
1454 km or 903 mi	Kristiansund	$1984
1455 km or 904 mi	Drogheda	$2627
1455 km or 904 mi	Bergen	$2409