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Insurer of the
Year 2017-21

prices shown in
Toronto vs Reykjavik
Tor vs Rkv

Average net salary (After tax)

Reykjavik
Toronto

Housing

  • Rent apartment
  • Buy apartment

Rent 1 bedroom apartment

Cost per month

In city centre
Rkv
Tor
Outside city centre
Rkv
Tor

Rent 3 bedroom apartment

Cost per month

In city centre
Rkv
Tor
Outside city centre
Rkv
Tor

Buy apartment

Price per m2

In city centre
Rkv
Tor
Outside city centre
Rkv
Tor

Mortgage rates

Reykjavik
4.5%
Toronto
5.5%
Compare our
home insurance prices

Utilities

  • Basic Utilities
  • Internet & Phone

Basic utilities

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

Reykjavik
Toronto

Internet

60 Mbps or more, unlimited data, Cable/ADSL

Rkv
Tor

Mobile phone data

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

Rkv
Tor

Transport

  • Public Transport
  • Car

One-way ticket

Local transport

Rkv
Tor

Monthly pass

Regular price

Rkv
Tor

Fuel prices

Per Litre

Reykjavik
Toronto

Buying a new car

Volkswagen Golf 1.4 90KW Trendline (Or equivalent)

Rkv
Tor
Compare our
car insurance prices

Groceries

  • Staples
  • Meat
  • Produce
  • Cigarettes

Staples

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

Pack of cigarettes

(Marlboro)

Reykjavik
Toronto

Meat & cheese

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

Vegetables

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

Fruit

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

Eating Out

  • Food
  • Drinks

Meal for two

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

Mcdonalds McMeal

Or equivalent combo meal

Reykjavik
4.5%
Toronto
5.5%

Restaurant Prices in Reykjavik are 17.14% higher than in Toronto

Drinks

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

Alcohol

  • Beer
  • Wine

Domestic beer

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

Imported beer

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

Bottle of wine

Mid-range, from supermarket

Reykjavik
5
Toronto

Clothing

  • Clothing
  • Shoes

Pair of jeans

Levis 501 or similar

Rkv
Tor

Summer dress

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

Rkv
Tor

Shoes

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

Leisure

  • Cinema
  • Sports

Cinema

One ticket for an international release

Reykjavik
$15.33
Toronto
$11.43

Tennis court rental

One hour on weekend

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

Fitness club

Monthly fee for one adult

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