Montreal vs Reykjavik - Cost of Living Comparison

Updated: March 01, 2024

	Montreal	Reykjavik
🚶 Cost of living one person	$1821	$2723
👨‍👩‍👧‍👦 Cost of living Family	$4326	$5671
🏠 One person rent	$928	$1643
🏘️ Family rent	$1624	$2600
🍽️ Food expenses	$569	$800
🚐 Transport expenses	$172	$86.1
💳 Monthly salary after tax	$2722	$3682
😷 Air quality	Excellent	Excellent
✈️ Airport proximity	11 km	4 km
🎓 Higher education	100	53
😀 Quality of life	95	89
🏙️ Population	1.76M	140K

The cost of living in Montreal is 33% less expensive than in Reykjavik. Cities ranked 2281st and 344th ($1821 vs $2723) in the list of the most expensive cities in the world and ranked 76th 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 Montreal compared to 1.4 months in Reykjavik. Montreal ranked 1st best city to live in Canada vs Reykjavik ranked 1st in Iceland, while ranked 30th and 152nd among best cities to live in the world.

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the estimated difference in money purchasing power

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	$15.9	$21.6
🥂 Dinner in a Restaurant, for 2	$69.3	$125
🥪 Fast food meal, equiv. McDonald's	$10.7	$16.9
🍻 Beer in a Pub, 0.5 L or 16 fl oz	$6.11	$10.9
☕ Cappuccino	$3.77	$5.05
🥤 Pepsi / Coke, 0.5 L or 16.9 fl oz	$2.01	$2.94
Rent & Utilities
🏙️ 1 bedroom apartment in Downtown, 40 m2 or 430 ft2	$1044	$1659
🏡 Cheap 1 bedroom apartment, 40 m2 or 430 ft2	$780	$1492
🏙️ 3 bedroom apartment in Downtown, 80 m2 or 860 ft2	$1952	$2694
🏡 Cheap 3 bedroom apartment, 80 m2 or 860 ft2	$1385	$2395
🔌 Utility Bill one person, electricity, heating, water, etc.	$52	$52.4
🔌 Utility Bill for a Family, electricity, heating, water, etc.	$81.9	$80.5
🌐 Internet plan, 50 Mbps+ 1 month unlimited	$43.7	$64.8
🏦 Mortgage Interest Rate for 20 Years	6.41%	8.07%
🏙️ Apartment price to Buy in city Center, 1 m2 or 10 ft2	$7593	$6252
🏡 House price to Buy in Suburbs, 1 m2 or 10 ft2	$4320	$4951
Transportation
🚌 Local transport ticket	$2.78	$4.13
🎟️ Monthly ticket local transport	$71.5	$66.6
🚕 Taxi Ride, 8 km or 5 mi	$14.6	$26.3
⛽ Gas / Petrol, 1 L or 0.26 gal	$1.25	$2.28
Groceries
🥛 Milk, 1 L or 1 qt	$2.11	$1.65
🍞 Bread, 0.5 kg or 1.1 lb	$2.94	$3.71
🍚 Rice, 1 kg or 2.2 lb	$3.08	$3.27
🥚 Eggs, x12	$3.51	$6.03
🧀 Cheese, 1 kg or 2.2 lb	$13	$15.4
🐔 Chicken Breast, 1 kg or 2.2 lb	$12.7	$19.8
🥩 Round Steak, 1 kg or 2.2 lb	$14.1	$31
🍏 Apples, 1 kg or 2.2 lb	$3.38	$3.2
🍌 Banana, 1 kg or 2.2 lb	$1.45	$2.12
🍊 Oranges, 1 kg or 2.2 lb	$3.58	$2.81
🍅 Tomato, 1 kg or 2.2 lb	$4.14	$4.84
🥔 Potato, 1 kg or 2.2 lb	$1.95	$3.07
🧅 Onion, 1 kg or 2.2 lb	$2.36	$2.14
🌊 Water, 1 L or 1 qt	$1.1	$1.44
🍹 Coca-Cola / Pepsi, 2 L or 67.6 fl oz	$2.02	$2.53
🍾 Wine (mid-priced), 750 mL bottle	$13.1	$20
🍺 Beer, 0.5 L or 16 fl oz	$3.15	$3.08
🚬 Cigarette pack	$11	$11.8
💊 Cold medicince, 1 week	$9.29	$11.6
🧴 Hair Shampoo	$4.48	$5.21
🧻 Toilet paper, 4 rolls	$4.06	$4.67
👄 Toothpaste, 1 tube	$2.95	$3.24
Other
🏋️ Gym Membership, 1 month	$31.9	$63.3
🎫 Cinema Ticket, 1 person	$11	$14.5
👩‍⚕️ Doctor's visit	$119	$83
💇 Haircut, simple	$18.5	$37.2
👖 Brand Jeans	$62.4	$105
👟 Brand Sneakers	$90	$142
👶 Daycare or Preschool, 1 month	$703	$239
🏫 International Primary School, 1 year	$7624	$6072

Cost of living in other countries

Cost of living

Cost of Living in the nearest cities

Cities near Montreal

Distance	City	Cost of living
3.6 km or 2.3 mi	Saint-Lambert	$1869
4.3 km or 2.7 mi	Westmount	$1808
4.4 km or 2.8 mi	Longueuil	$1962
6.4 km or 4 mi	Mount Royal	$1821
9.4 km or 5.9 mi	Cote-Saint-Luc	$1840
9.9 km or 6.1 mi	Brossard	$2105
11 km or 7 mi	La Prairie	$1949
13 km or 8.3 mi	Boucherville	$1882
14 km or 8.9 mi	Candiac	$1912
16 km or 9.8 mi	Saint-Constant	$1888
16 km or 10 mi	Dorval	$1846
17 km or 10 mi	Saint-Bruno-de-Montarville	$1924
17 km or 10 mi	Laval	$1874
20 km or 12 mi	Sainte-Julie	$1874
20 km or 12 mi	Dollard-des-Ormeaux	$1835
20 km or 13 mi	Chateauguay	$1841
21 km or 13 mi	Pointe-Claire	$1846
22 km or 14 mi	Varennes	$1835
22 km or 14 mi	Terrebonne	$1820
23 km or 14 mi	Chambly	$1906
24 km or 15 mi	Boisbriand	$1813
25 km or 15 mi	Kirkland	$1845
26 km or 16 mi	Repentigny	$1783
26 km or 16 mi	Sainte-Therese	$1808
27 km or 17 mi	Mascouche	$1772
27 km or 17 mi	Saint-Eustache	$1827
29 km or 18 mi	Beloeil	$1816
31 km or 19 mi	Blainville	$1808
31 km or 20 mi	Saint-Jean-sur-Richelieu	$1847
38 km or 23 mi	L'Assomption	$1659
39 km or 24 mi	Vaudreuil-Dorion	$1894
41 km or 26 mi	Saint-Lin-Laurentides	$1705
44 km or 27 mi	Mirabel	$1797
46 km or 28 mi	Saint-Jerome	$1757
49 km or 31 mi	Saint-Hyacinthe	$1626
53 km or 33 mi	Salaberry-de-Valleyfield	$2014
57 km or 35 mi	Joliette	$1397
66 km or 41 mi	Granby	$1158
68 km or 42 mi	Sorel-Tracy	$1558
91 km or 56 mi	Plattsburgh	$1576

Cities near Reykjavik

Distance	City	Cost of living
6.8 km or 4.2 mi	Kopavogur	$2304
9.8 km or 6.1 mi	Hafnarfjorur	$2460
38 km or 24 mi	Keflavik	$2023
247 km or 153 mi	Akureyri	$2011
795 km or 494 mi	Torshavn	$1952
1204 km or 748 mi	Inverness	$1629
1230 km or 764 mi	Elgin	$1554
1300 km or 808 mi	Derry	$1662
1309 km or 813 mi	Greenock	$1524
1321 km or 821 mi	Aberdeen	$1681
1325 km or 823 mi	Perth	$1537
1328 km or 825 mi	Stirling	$1659
1331 km or 827 mi	Paisley	$1734
1333 km or 828 mi	Alloa	$1670
1337 km or 831 mi	Glasgow	$1884
1339 km or 832 mi	Dundee	$1527
1340 km or 833 mi	Omagh	$1642
1341 km or 833 mi	Cumbernauld	$1803
1342 km or 834 mi	Irvine	$1514
1348 km or 838 mi	East Kilbride	$1748
1349 km or 838 mi	Kilmarnock	$1399
1351 km or 839 mi	Dunfermline	$1693
1353 km or 841 mi	Hamilton	$1731
1357 km or 843 mi	Ayr	$1520
1360 km or 845 mi	Kirkcaldy	$1800
1365 km or 848 mi	Livingston	$1651
1372 km or 852 mi	Edinburgh	$2043
1382 km or 859 mi	Newtownabbey	$1666
1387 km or 862 mi	Belfast	$1741
1390 km or 864 mi	Bangor	$1305
1391 km or 864 mi	Lisburn	$1643
1401 km or 871 mi	Alesund	$1539
1413 km or 878 mi	Galway	$2244
1425 km or 886 mi	Dundalk	$1869
1431 km or 889 mi	Dumfries	$1723
1433 km or 891 mi	Nuuk	$2175
1441 km or 895 mi	Molde	$1928
1454 km or 903 mi	Kristiansund	$1632
1455 km or 904 mi	Drogheda	$2391
1455 km or 904 mi	Bergen	$1991