Cost of living comparison

Bahamas

compared to

Iceland

Iceland vs. Bahamas Cost of Living Summary

Iceland is 5.6% more expensive than Bahamas overall.

Restaurants: pay 6.2% more in Iceland
Groceries: pay 29.0% less in Iceland
Transportation: pay 5.4% more in Iceland
Housing: pay 17.0% more in Iceland
Childcare: pay 59.4% more in Iceland
Entertainment and Sports: pay 3.9% more in Iceland
Clothing: pay 48.5% more in Iceland

The cost of childcare, clothing, housing, restaurants, transportation, and entertainment and sports in Iceland are more expensive than in Bahamas.

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Iceland vs. Bahamas Cost Breakdown

If you lived in Iceland instead of Bahamas, you would:

Display currency: USD

pay 6.2% more for restaurants

	Bahamas	Iceland
Basic meal with drink at inexpensive restaurant	$43.12 BSD43.12	$28.88 ISK3,499	-33.0%
Fast food combo meal McDonalds, or similar	$12.25 BSD12.25	$22.83 ISK2,767	+86.4%
Bottle of Coca-Cola (11 fl. oz)	$3.24 BSD3.24	$3.25 ISK393	+0.3%
Bottle of water (11 fl. oz)	$2.42 BSD2.42	$3.01 ISK365	+24.6%
Average			+6.2%

Bahamas vs. Iceland - Cost of restaurants

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pay 29.0% less for groceries

	Bahamas	Iceland
Bread 1 loaf	$5.61 BSD5.61	$3.55 ISK431	-36.7%
Local cheese (8 oz)	$6.78 BSD6.78	$10.11 ISK1,226	+49.2%
Milk (1 gallon)	$12.04 BSD12.04	$7.79 ISK944	-35.3%
Eggs 1 dozen	$8.35 BSD8.35	$6.92 ISK839	-17.0%
Boneless chicken breast (1 lb)	$5.72 BSD5.72	$11.01 ISK1,334	+92.4%
Apples (1 lb)	$3.59 BSD3.59	$1.43 ISK173	-60.3%
Bananas (1 lb)	$1.74 BSD1.74	$1.23 ISK148	-29.7%
Oranges (1 lb)	$3.50 BSD3.50	$1.42 ISK172	-59.5%
Tomatoes (1 lb)	$5.32 BSD5.32	$2.60 ISK315	-51.1%
Potatoes (1 lb)	$1.69 BSD1.69	$1.71 ISK207	+1.3%
Onions (1 lb)	$1.80 BSD1.80	$0.76 ISK92	-58.1%
Average			-29.0%

Bahamas vs. Iceland - Cost of groceries

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pay 5.4% more for transportation

	Bahamas	Iceland
Gasoline (1 gallon)	$5.98 BSD5.98	$8.09 ISK980	+35.3%
Monthly public transit pass	$150.00 BSD150.00	$80.58 ISK9,765	-46.3%
New Volkswagen Golf 1.4 (standard edition)	$33,500.00 BSD33,500.00	$48,967.53 ISK6M	+46.2%
Taxi trip in downtown area (5 miles)	$29.50 BSD29.50	$26.24 ISK3,179	-11.1%
Average			+5.4%

Bahamas vs. Iceland - Cost of transportation

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pay 17.0% more for housing

	Bahamas	Iceland
Internet connection 50 mbps or faster, cable/dsl	$88.38 BSD88.38	$98.24 ISK11,905	+11.2%
1-Bedroom apartment in downtown area	$1,241.67 BSD1,241.67	$2,335.24 ISK283K	+88.1%
1-Bedroom apartment outside city center	$1,462.00 BSD1,462.00	$1,824.40 ISK221K	+24.8%
Utilities for two (700 sq ft apartment) including electric, gas, water, heating	$256.37 BSD256.37	$72.34 ISK8,766	-71.8%
Average			+17.0%

Bahamas vs. Iceland - Cost of housing

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pay 59.4% more for childcare

	Bahamas	Iceland
Private preschool for 1 child, monthly	$730.07 BSD730.07	$833.66 ISK101K	+14.2%
Middle school for 1 child, two semesters	$12,468.00 BSD12,468.00	$27,752.37 ISK3M	+122.6%
Average			+59.4%

Bahamas vs. Iceland - Cost of childcare

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pay 3.9% more for entertainment and sports

	Bahamas	Iceland
Domestic/local beer (1 pint)	$4.88 BSD4.88	$11.37 ISK1,378	+133.3%
Cappuccino in mid-range area	$6.08 BSD6.08	$5.90 ISK715	-3.1%
Pack of cigarettes Marlboro or similar	$15.00 BSD15.00	$13.85 ISK1,679	-7.6%
Monthly membership at local gym	$125.83 BSD125.83	$83.64 ISK10,136	-33.5%
Movie ticket to theater/cinema	$19.00 BSD19.00	$17.92 ISK2,171	-5.7%
Average			+3.9%

Bahamas vs. Iceland - Cost of entertainment and sports

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pay 48.5% more for clothing

	Bahamas	Iceland
Regular jeans Levi's brand	$48.54 BSD48.54	$134.47 ISK16,295	+177.0%
Regular dress from H&M or similar store	$120.00 BSD120.00	$63.25 ISK7,664	-47.3%
Running shoes Nike or Adidas	$111.25 BSD111.25	$159.03 ISK19,271	+42.9%
Men's business shoes (leather)	$101.67 BSD101.67	$237.19 ISK28,742	+133.3%
Average			+48.5%

Bahamas vs. Iceland - Cost of clothing

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We average the price of thousands of data points entered by users across the world. Sources: MyLifeElsewhere's cost-of-living dataset (prices updated October 2026). How we calculate this

Compare further: Bahamas vs. Iceland

Salary Calculator · Free tool

What salary would you need in Iceland?

Quality of Life Comparison · 18 statistics

Make 2.5 times more money in Iceland

Size Comparison · See true size

Bahamas is about 7 times smaller than Iceland.

Moving from Bahamas to Iceland · OECD 2021

1 people moved from Bahamas to Iceland.

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