Reykjavik vs Toronto - Cost of Living Comparison

Updated:

Livingcost

Reykjavik Toronto
🚶 Cost of living one person
$3205
$2415
👨‍👩‍👧‍👦 Cost of living Family
$6762
$5363
🏠 One person rent
$1954
$1430
🏘️ Family rent
$2956
$2259
🍽️ Food expenses
$904
$606
🚐 Transport expenses
$100
$236
💳 Monthly salary after tax
$4423
$3517
😷 Air quality
Excellent
Excellent
✈️ Airport proximity
4 km
5 km
🎓 Higher education
53
86
😀 Quality of life
88
94
🏙️ Population
139K
2.79M

The cost of living in Reykjavik is 33% more expensive than in Toronto. Cities ranked 119th and 1059th ($3205 vs $2415) in the list of the most expensive cities in the world and ranked 1st and 6th in Iceland and Canada, respectively. Check Iceland vs Canada comparison.

The average after-tax salary is enough to cover living expenses for 1.4 months in Reykjavik compared to 1.5 months in Toronto. Reykjavik ranked 1st best city to live in Iceland vs Toronto ranked 1st in Canada, while ranked 258th and 46th among best cities to live in the world.

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Prices in Reykjavik vs Toronto

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

Reykjavik Toronto
Eating Out
🍱 Lunch Menu
$28.3
$17.3
🥂 Dinner in a Restaurant, for 2
$97.9
$78.4
🥪 Fast food meal, equiv. McDonald's
$20
$10.9
🍻 Beer in a Pub, 0.5 L or 16 fl oz
$13.4
$6.66
☕ Cappuccino
$6.5
$4.26
🥤 Pepsi / Coke, 0.5 L or 16.9 fl oz
$3.26
$2.15
Rent & Utilities
🏙️ 1 bedroom apartment in Downtown, 40 m2 or 430 ft2
$2129
$1469
🏡 Cheap 1 bedroom apartment, 40 m2 or 430 ft2
$1743
$1255
🏙️ 3 bedroom apartment in Downtown, 80 m2 or 860 ft2
$3328
$2469
🏡 Cheap 3 bedroom apartment, 80 m2 or 860 ft2
$2660
$1987
🔌 Utility Bill one person, electricity, heating, water, etc.
$52.2
$84.4
🔌 Utility Bill for a Family, electricity, heating, water, etc.
$80.3
$128
🌐 Internet plan, 50 Mbps+ 1 month unlimited
$82
$47.9
🏦 Mortgage Interest Rate for 20 Years
8.69%
4.71%
🏙️ Apartment price to Buy in city Center, 1 m2 or 10 ft2
$7748
$8879
🏡 House price to Buy in Suburbs, 1 m2 or 10 ft2
$6175
$6979
Transportation
🚌 Local transport ticket
$5.38
$2.41
🎟️ Monthly ticket local transport
$90.3
$111
🚕 Taxi Ride, 8 km or 5 mi
$28.9
$14.7
⛽ Gas / Petrol, 1 L or 0.26 gal
$2.12
$1.14
Groceries
🥛 Milk, 1 L or 1 qt
$2.04
$2.77
🍞 Bread, 0.5 kg or 1.1 lb
$4.21
$2.7
🍚 Rice, 1 kg or 2.2 lb
$3.46
$2.58
🥚 Eggs, x12
$6.99
$3.5
🧀 Cheese, 1 kg or 2.2 lb
$20.2
$14.1
🐔 Chicken Breast, 1 kg or 2.2 lb
$24.8
$13.2
🥩 Round Steak, 1 kg or 2.2 lb
$44.1
$16.6
🍏 Apples, 1 kg or 2.2 lb
$3.41
$3.83
🍌 Banana, 1 kg or 2.2 lb
$2.66
$1.26
🍊 Oranges, 1 kg or 2.2 lb
$3.17
$3.8
🍅 Tomato, 1 kg or 2.2 lb
$5.99
$4.15
🥔 Potato, 1 kg or 2.2 lb
$3.65
$2.8
🧅 Onion, 1 kg or 2.2 lb
$1.89
$1.89
🌊 Water, 1 L or 1 qt
$1.16
$1.01
🍹 Coca-Cola / Pepsi, 2 L or 67.6 fl oz
$3
$2.31
🍾 Wine (mid-priced), 750 mL bottle
$23.2
$14.3
🍺 Beer, 0.5 L or 16 fl oz
$3.72
$2.33
🚬 Cigarette pack
$13.5
$14.2
💊 Cold medicince, 1 week
$11.6
$11.7
🧴 Hair Shampoo
$5.76
$6.04
🧻 Toilet paper, 4 rolls
$5.18
$3.48
👄 Toothpaste, 1 tube
$3.63
$3.66
Other
🏋️ Gym Membership, 1 month
$90.3
$45.2
🎫 Cinema Ticket, 1 person
$19.2
$13.7
👩‍⚕️ Doctor's visit
$92.8
$73.5
💇 Haircut, simple
$47.2
$23.4
👖 Brand Jeans
$146
$61.4
👟 Brand Sneakers
$178
$89.2
👶 Daycare or Preschool, 1 month
$472
$930
🏫 International Primary School, 1 year
$30029
$22670

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Cost of Living in the nearest cities

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

Cities near Toronto

Distance City Cost of living
20 km or 13 mi Vaughan
$2233
23 km or 14 mi Mississauga
$2308
24 km or 15 mi Richmond Hill
$2483
26 km or 16 mi Markham
$2172
31 km or 19 mi Brampton
$2102
34 km or 21 mi Oakville
$2318
35 km or 22 mi Ajax
$2124
46 km or 28 mi Halton Hills
$2034
50 km or 31 mi Oshawa
$1581
51 km or 32 mi Burlington
$2214
54 km or 34 mi New Tecumseth
$1997
56 km or 35 mi St. Catharines
$1994
60 km or 37 mi Hamilton
$2006
65 km or 40 mi Orangeville
$1892
67 km or 41 mi Niagara Falls
$1892
71 km or 44 mi Niagara Falls
$1958
71 km or 44 mi Guelph
$2017
77 km or 48 mi Welland
$1848
81 km or 50 mi Grand Island
$2078
81 km or 51 mi Lockport
$2081
82 km or 51 mi North Tonawanda
$2084
82 km or 51 mi Cambridge
$2049
84 km or 52 mi Barrie
$1449
89 km or 56 mi Brantford
$1832
90 km or 56 mi Amherst
$2138
92 km or 57 mi Kitchener
$2109
94 km or 58 mi Waterloo
$1936
96 km or 59 mi Buffalo
$2303
100 km or 62 mi Cheektowaga
$2175
100 km or 62 mi Clarence
$2123
103 km or 64 mi West Seneca
$2181
103 km or 64 mi Orillia
$1939
105 km or 65 mi Lancaster
$2125
111 km or 69 mi Peterborough
$1953
112 km or 70 mi Hamburg
$1863
114 km or 71 mi Orchard Park
$2030
132 km or 82 mi Stratford
$1706
146 km or 91 mi Greece
$2046
146 km or 91 mi Chili
$2035
148 km or 92 mi Gates
$2053