Montreal vs Reykjavik - Cost of Living Comparison

Updated:

Livingcost

Montreal Reykjavik
🚶 Cost of living one person
$1954
$2915
👨‍👩‍👧‍👦 Cost of living Family
$4616
$5968
🏠 One person rent
$986
$1781
🏘️ Family rent
$1716
$2749
🍽️ Food expenses
$608
$832
🚐 Transport expenses
$190
$88.7
💳 Monthly salary after tax
$2805
$3918
😷 Air quality
Good
Excellent
✈️ Airport proximity
11 km
4 km
🎓 Higher education
100
53
😀 Quality of life
93
89
🏙️ Population
1.76M
140K

The cost of living in Montreal is 33% less expensive than in Reykjavik. Cities ranked 2002nd and 204th ($1954 vs $2915) in the list of the most expensive cities in the world and ranked 54th and 1st in Canada and Iceland, respectively. Check Canada vs Iceland comparison.

The average after-tax salary is enough to cover living expenses for 1.4 months in Montreal compared to 1.3 months in Reykjavik. Montreal ranked 2nd best city to live in Canada vs Reykjavik ranked 1st in Iceland, while ranked 60th and 189th among best cities to live in the world.

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Cost of living in Montreal vs Reykjavik infographic

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Prices in Montreal vs Reykjavik

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

Montreal Reykjavik
Eating Out
🍱 Lunch Menu
$16.6
$22
🥂 Dinner in a Restaurant, for 2
$76.2
$125
🥪 Fast food meal, equiv. McDonald's
$11.1
$18.5
🍻 Beer in a Pub, 0.5 L or 16 fl oz
$6.72
$11.1
☕ Cappuccino
$3.94
$5.35
🥤 Pepsi / Coke, 0.5 L or 16.9 fl oz
$2.2
$3.27
Rent & Utilities
🏙️ 1 bedroom apartment in Downtown, 40 m2 or 430 ft2
$1044
$1809
🏡 Cheap 1 bedroom apartment, 40 m2 or 430 ft2
$856
$1626
🏙️ 3 bedroom apartment in Downtown, 80 m2 or 860 ft2
$2012
$2822
🏡 Cheap 3 bedroom apartment, 80 m2 or 860 ft2
$1492
$2552
🔌 Utility Bill one person, electricity, heating, water, etc.
$49.3
$44.2
🔌 Utility Bill for a Family, electricity, heating, water, etc.
$77
$68.4
🌐 Internet plan, 50 Mbps+ 1 month unlimited
$42.7
$74.1
🏦 Mortgage Interest Rate for 20 Years
6.28%
8.55%
🏙️ Apartment price to Buy in city Center, 1 m2 or 10 ft2
$7494
$6498
🏡 House price to Buy in Suburbs, 1 m2 or 10 ft2
$4431
$5311
Transportation
🚌 Local transport ticket
$2.79
$4.63
🎟️ Monthly ticket local transport
$73.2
$77.2
🚕 Taxi Ride, 8 km or 5 mi
$18.3
$24.8
⛽ Gas / Petrol, 1 L or 0.26 gal
$1.27
$2.29
Groceries
🥛 Milk, 1 L or 1 qt
$2.34
$1.72
🍞 Bread, 0.5 kg or 1.1 lb
$2.92
$3.66
🍚 Rice, 1 kg or 2.2 lb
$2.95
$3.25
🥚 Eggs, x12
$3.73
$5.9
🧀 Cheese, 1 kg or 2.2 lb
$16.1
$16
🐔 Chicken Breast, 1 kg or 2.2 lb
$13.3
$21.4
🥩 Round Steak, 1 kg or 2.2 lb
$14.9
$37.6
🍏 Apples, 1 kg or 2.2 lb
$3.4
$3.07
🍌 Banana, 1 kg or 2.2 lb
$1.52
$2.29
🍊 Oranges, 1 kg or 2.2 lb
$4.28
$2.72
🍅 Tomato, 1 kg or 2.2 lb
$4.36
$4.99
🥔 Potato, 1 kg or 2.2 lb
$2.42
$3.21
🧅 Onion, 1 kg or 2.2 lb
$2.46
$2.16
🌊 Water, 1 L or 1 qt
$1.26
$1.37
🍹 Coca-Cola / Pepsi, 2 L or 67.6 fl oz
$2.06
$2.74
🍾 Wine (mid-priced), 750 mL bottle
$14.7
$22
🍺 Beer, 0.5 L or 16 fl oz
$3.18
$3.27
🚬 Cigarette pack
$11.5
$12.2
💊 Cold medicince, 1 week
$10.5
$11.6
🧴 Hair Shampoo
$5.65
$5.36
🧻 Toilet paper, 4 rolls
$3.67
$4.68
👄 Toothpaste, 1 tube
$3.01
$3.32
Other
🏋️ Gym Membership, 1 month
$33.2
$71.8
🎫 Cinema Ticket, 1 person
$11.3
$15.1
👩‍⚕️ Doctor's visit
$121
$84.7
💇 Haircut, simple
$32.8
$47.4
👖 Brand Jeans
$61.4
$112
👟 Brand Sneakers
$95.7
$155
👶 Daycare or Preschool, 1 month
$669
$254
🏫 International Primary School, 1 year
$6957
$6167

Cost of living in other countries

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Cost of Living in the nearest cities

Cities near Montreal

Distance City Cost of living
3.6 km or 2.3 mi Saint-Lambert
$1873
4.3 km or 2.7 mi Westmount
$1861
4.4 km or 2.8 mi Longueuil
$1896
6.4 km or 4 mi Mount Royal
$1871
9.4 km or 5.9 mi Cote-Saint-Luc
$1890
9.9 km or 6.1 mi Brossard
$2057
11 km or 7 mi La Prairie
$1960
13 km or 8.3 mi Boucherville
$1878
14 km or 8.9 mi Candiac
$1927
16 km or 9.8 mi Saint-Constant
$1912
16 km or 10 mi Dorval
$1912
17 km or 10 mi Saint-Bruno-de-Montarville
$1912
17 km or 10 mi Laval
$1996
20 km or 12 mi Sainte-Julie
$1884
20 km or 12 mi Dollard-des-Ormeaux
$1898
20 km or 13 mi Chateauguay
$1964
21 km or 13 mi Pointe-Claire
$1908
22 km or 14 mi Varennes
$1845
22 km or 14 mi Terrebonne
$1849
23 km or 14 mi Chambly
$1901
24 km or 15 mi Boisbriand
$1751
25 km or 15 mi Kirkland
$1897
26 km or 16 mi Repentigny
$1823
26 km or 16 mi Sainte-Therese
$1785
27 km or 17 mi Mascouche
$1821
27 km or 17 mi Saint-Eustache
$1839
29 km or 18 mi Beloeil
$1836
31 km or 19 mi Blainville
$1799
31 km or 20 mi Saint-Jean-sur-Richelieu
$1843
38 km or 23 mi L'Assomption
$1740
39 km or 24 mi Vaudreuil-Dorion
$1921
41 km or 26 mi Saint-Lin-Laurentides
$1773
44 km or 27 mi Mirabel
$1828
46 km or 28 mi Saint-Jerome
$1805
49 km or 31 mi Saint-Hyacinthe
$1657
53 km or 33 mi Salaberry-de-Valleyfield
$2002
57 km or 35 mi Joliette
$1540
66 km or 41 mi Granby
$1187
68 km or 42 mi Sorel-Tracy
$1624
91 km or 56 mi Plattsburgh
$1610

Cities near Reykjavik

Distance City Cost of living
6.8 km or 4.2 mi Kopavogur
$2371
9.8 km or 6.1 mi Hafnarfjorur
$2602
38 km or 24 mi Keflavik
$2091
247 km or 153 mi Akureyri
$2300
795 km or 494 mi Torshavn
$1913
1204 km or 748 mi Inverness
$1830
1230 km or 764 mi Elgin
$1459
1300 km or 808 mi Derry
$1491
1309 km or 813 mi Greenock
$1599
1321 km or 821 mi Aberdeen
$1701
1325 km or 823 mi Perth
$1647
1328 km or 825 mi Stirling
$1625
1331 km or 827 mi Paisley
$1793
1333 km or 828 mi Alloa
$1710
1337 km or 831 mi Glasgow
$2013
1339 km or 832 mi Dundee
$1545
1340 km or 833 mi Omagh
$1650
1341 km or 833 mi Cumbernauld
$1767
1342 km or 834 mi Irvine
$1573
1348 km or 838 mi East Kilbride
$1818
1349 km or 838 mi Kilmarnock
$1470
1351 km or 839 mi Dunfermline
$1724
1353 km or 841 mi Hamilton
$1793
1357 km or 843 mi Ayr
$1420
1360 km or 845 mi Kirkcaldy
$1704
1365 km or 848 mi Livingston
$1744
1372 km or 852 mi Edinburgh
$2246
1382 km or 859 mi Newtownabbey
$1767
1387 km or 862 mi Belfast
$1830
1390 km or 864 mi Bangor
$1467
1391 km or 864 mi Lisburn
$1805
1401 km or 871 mi Alesund
$1657
1413 km or 878 mi Galway
$2427
1425 km or 886 mi Dundalk
$1930
1431 km or 889 mi Dumfries
$1390
1433 km or 891 mi Nuuk
$2125
1441 km or 895 mi Molde
$1969
1454 km or 903 mi Kristiansund
$1752
1455 km or 904 mi Drogheda
$2492
1455 km or 904 mi Bergen
$2161