Wage Cost

Country comparison

Iceland vs Canada

Compare average wages, historical trends and everyday price levels across two economies. A common wage-year frame and a visible United States = 100 price benchmark keep the view comparable.

All Countries
Iceland$100,6052025 · PPP-adjusted annual wage

Overall Price Level: 112.00 · 2024

Data reviewed: August 2026

Canada$67,9012025 · PPP-adjusted annual wage

Overall Price Level: 86.00 · 2024

Data reviewed: August 2026

Compare average wages, historical trends and everyday price levels across two economies. A common wage-year frame and a visible United States = 100 price benchmark keep the view comparable.

Wage trend comparison

How Wages Have Changed

$104k$93k$82k$71k$60k20152025PPP-adjusted annual wage (USD)

USD PPP, constant 2025 prices · click a legend name to hide it; at least one line remains.

Price Level Comparison

Compare Everyday Price Levels

Compare eight consumer price categories using the United States benchmark of 100.

OverallIceland +26.0
FoodIceland +19.0
ClothingIceland +11.0
HousingIceland +7.9
HealthIceland +37.7
TransportIceland +41.0
RecreationIceland +36.0
RestaurantsIceland +36.4
Iceland 112.00Canada 86.00
Overall
Iceland 112.00
Canada 86.00
Difference Iceland +26.00
Food
Iceland 127.00
Canada 108.00
Difference Iceland +19.00
Clothing
Iceland 129.00
Canada 118.00
Difference Iceland +11.00
Housing
Iceland 91.00
Canada 83.10
Difference Iceland +7.90
Health
Iceland 99.90
Canada 62.20
Difference Iceland +37.70
Transport
Iceland 144.00
Canada 103.00
Difference Iceland +41.00
Recreation
Iceland 128.00
Canada 92.00
Difference Iceland +36.00
Restaurants
Iceland 134.00
Canada 97.60
Difference Iceland +36.40

Key Differences

Understanding Iceland and Canada

Iceland records a higher 2025 PPP-adjusted annual wage than Canada, while both countries have overall price levels that sit on opposite sides of the U.S. benchmark in 2024. The page keeps the arithmetic difference visible but does not turn it into a causal explanation or a living-standard judgement.

Wage Comparison

Iceland shows the higher PPP-adjusted annual wage: $32,704 (48.2%) more than Canada. Over the latest reported year, both economies recorded positive one-year wage changes (+1.82% and +0.20%). The widest price category gap is Transport at 41.0 index points, and the two overall price levels sit on opposite sides of the U.S. benchmark of 100 in 2024. Wages are reported for 2025, while prices cover 2024; the two datasets are labelled separately.

Price Profile

The two overall price indices sit on opposite sides of the U.S. benchmark (112.00 vs 86.00), while the largest reported category difference appears in Transport, where Iceland exceeds Canada by 41.0 index points. Each value remains relative to the United States = 100 benchmark.

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Data Notes

Wage data: 2025 common-year PPP-adjusted annual wages. Price data: 2022–2024, United States = 100. Missing values display – without zero fill, interpolation, or automatic year fallback.

Data reviewed: August 2026