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Year 2017-21

prices shown in
Reykjavik vs Toronto
Rkv vs Tor

Average net salary (After tax)

Toronto
Reykjavik

Housing

  • Rent apartment
  • Buy apartment

Rent 1 bedroom apartment

Cost per month

In city centre
Tor
Rkv
Outside city centre
Tor
Rkv

Rent 3 bedroom apartment

Cost per month

In city centre
Tor
Rkv
Outside city centre
Tor
Rkv

Buy apartment

Price per m2

In city centre
Tor
Rkv
Outside city centre
Tor
Rkv

Mortgage rates

Toronto
4.5%
Reykjavik
5.5%
Compare our
home insurance prices

Utilities

  • Basic Utilities
  • Internet & Phone

Basic utilities

Electricity, heating, water, Garbage for a 85m2 Apartment

Toronto
Reykjavik

Internet

60 Mbps or more, unlimited data, Cable/ADSL

Tor
Rkv

Mobile phone data

One-minute local prepaid call (no plan or discount)

Tor
Rkv

Transport

  • Public Transport
  • Car

One-way ticket

Local transport

Tor
Rkv

Monthly pass

Regular price

Tor
Rkv

Fuel prices

Per Litre

Toronto
Reykjavik

Buying a new car

Volkswagen Golf 1.4 90KW Trendline (Or equivalent)

Tor
Rkv
Compare our
car insurance prices

Groceries

  • Staples
  • Meat
  • Produce
  • Cigarettes

Staples

Milk 1L
Tor
Rkv
White bread 500g
Tor
Rkv
Eggs 12
Tor
Rkv
White rice 1kg
Tor
Rkv

Pack of cigarettes

(Marlboro)

Toronto
Reykjavik

Meat & cheese

Chicken breasts 1kg
Tor
Rkv
Beef round 1kg
Tor
Rkv
Local cheese 1kg
Tor
Rkv

Vegetables

Potatoes 1kg
Tor
Rkv
Lettuce 1 head
Tor
Rkv
Tomatoes 1kg
Tor
Rkv

Fruit

Apples 1kg
Tor
Rkv
Oranges 1 head
Tor
Rkv
Bananas 1kg
Tor
Rkv

Eating Out

  • Food
  • Drinks

Meal for two

Inexpensive restaurant 2 meals
Tor $4,070.74/mth
Rkv $4,070.74/mth
Mid-range restaurant Three-course meal for two people
Tor $4,070.74/mth
Rkv $4,070.74/mth

Mcdonalds McMeal

Or equivalent combo meal

Toronto
4.5%
Reykjavik
5.5%

Restaurant Prices in Toronto are 17.14% higher than in Reykjavik

Drinks

Coke/Pepsi 0.33L
bottle
Tor $4,070.74/mth
Rkv $4,070.74/mth
Water 0.33L
bottle
Tor $4,070.74/mth
Rkv $4,070.74/mth
Cappuccino regular
Tor $4,070.74/mth
Rkv $4,070.74/mth

Alcohol

  • Beer
  • Wine

Domestic beer

Restaurant 0.5L draught
Tor
Rkv
Market 0.5L bottle
Tor
Rkv

Imported beer

Restaurant 0.33L bottle
Tor
Rkv
Market 0.33L bottle
Tor
Rkv

Bottle of wine

Mid-range, from supermarket

Toronto
5
Reykjavik

Clothing

  • Clothing
  • Shoes

Pair of jeans

Levis 501 or similar

Tor
Rkv

Summer dress

From a chain store (e.g. Zara, H&M)

Tor
Rkv

Shoes

1 pair Nike shoes
Tor
Rkv
1 pair men's leather shoes
Tor
Rkv

Leisure

  • Cinema
  • Sports

Cinema

One ticket for an international release

Toronto
$15.33
Reykjavik
$11.43

Tennis court rental

One hour on weekend

Tor $4,070.74/mth
Rkv $4,070.74/mth

Fitness club

Monthly fee for one adult

Tor $4,070.74/mth
Rkv $4,070.74/mth