Cost of living comparison

compared to

Iceland vs. Bahamas Cost of Living Summary

Iceland is 5.4% more expensive than Bahamas overall.

Restaurants: pay 5.2% more in Iceland
Groceries: pay 10.4% less in Iceland
Transportation: pay 25.1% more in Iceland
Housing: pay 13.7% less in Iceland
Childcare: pay 37.9% less in Iceland
Entertainment and Sports: pay 11.1% more in Iceland
Clothing: pay 58.7% more in Iceland

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

Iceland vs. Bahamas Cost Breakdown

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

Display currency: USD

pay 5.2% more for restaurants

	Bahamas	Iceland
Basic meal with drink at inexpensive restaurant	$30.33 BSD30.33	$19.40 ISK2,534	-36.1%
Fast food combo meal McDonalds, or similar	$10.58 BSD10.58	$16.94 ISK2,213	+60.1%
Bottle of Coca-Cola (11 fl. oz)	$2.73 BSD2.73	$2.81 ISK367	+3.0%
Bottle of water (11 fl. oz)	$2.15 BSD2.15	$2.02 ISK264	-6.1%
Average			+5.2%

Bahamas vs. Iceland - Cost of restaurants

Improve prices · Change currency (USD)

pay 10.4% less for groceries

	Bahamas	Iceland
Bread 1 loaf	$4.38 BSD4.38	$2.95 ISK386	-32.6%
Local cheese (8 oz)	$4.32 BSD4.32	$7.27 ISK949	+68.2%
Milk (1 gallon)	$14.05 BSD14.05	$6.01 ISK784	-57.3%
Eggs 1 dozen	$5.32 BSD5.32	$5.42 ISK708	+1.9%
Boneless chicken breast (1 lb)	$4.62 BSD4.62	$8.51 ISK1,111	+84.3%
Apples (1 lb)	$1.74 BSD1.74	$1.22 ISK160	-29.6%
Bananas (1 lb)	$1.44 BSD1.44	$1.03 ISK134	-28.7%
Oranges (1 lb)	$1.73 BSD1.73	$1.17 ISK153	-32.1%
Tomatoes (1 lb)	$2.10 BSD2.10	$1.87 ISK245	-10.7%
Potatoes (1 lb)	$1.89 BSD1.89	$1.23 ISK161	-34.7%
Onions (1 lb)	$1.37 BSD1.37	$0.78 ISK102	-42.6%
Average			-10.4%

Bahamas vs. Iceland - Cost of groceries

Improve prices · Change currency (USD)

pay 25.1% more for transportation

	Bahamas	Iceland
Gasoline (1 gallon)	$5.16 BSD5.16	$8.36 ISK1,092	+62.2%
Monthly public transit pass	$45.00 BSD45.00	$71.28 ISK9,310	+58.4%
New Volkswagen Golf 1.4 (standard edition)	$37,500.00 BSD37,500.00	$40,660.66 ISK5,310,689	+8.4%
Taxi trip in downtown area (5 miles)	$30.85 BSD30.85	$22.04 ISK2,878	-28.6%
Average			+25.1%

Bahamas vs. Iceland - Cost of transportation

Improve prices · Change currency (USD)

pay 13.7% less for housing

	Bahamas	Iceland
Internet connection 50 mbps or faster, cable/dsl	$73.43 BSD73.43	$72.17 ISK9,427	-1.7%
1-Bedroom apartment in downtown area	$1,522.92 BSD1,522.92	$1,838.04 ISK240,066	+20.7%
1-Bedroom apartment outside city center	$1,550.00 BSD1,550.00	$1,497.77 ISK195,624	-3.4%
Utilities for two (700 sq ft apartment) including electric, gas, water, heating	$197.45 BSD197.45	$58.01 ISK7,577	-70.6%
Average			-13.7%

Bahamas vs. Iceland - Cost of housing

Improve prices · Change currency (USD)

pay 37.9% less for childcare

	Bahamas	Iceland
Private preschool for 1 child, monthly	$453.33 BSD453.33	$258.16 ISK33,719	-43.1%
Middle school for 1 child, two semesters	$8,905.56 BSD8,905.56	$5,993.99 ISK782,876	-32.7%
Average			-37.9%

Bahamas vs. Iceland - Cost of childcare

Improve prices · Change currency (USD)

pay 11.1% more for entertainment and sports

	Bahamas	Iceland
Domestic/local beer (1 pint)	$4.33 BSD4.33	$9.19 ISK1,200	+112.0%
Cappuccino in mid-range area	$6.02 BSD6.02	$4.65 ISK607	-22.8%
Pack of cigarettes Marlboro or similar	$10.66 BSD10.66	$11.76 ISK1,535	+10.2%
Monthly membership at local gym	$80.69 BSD80.69	$61.46 ISK8,027	-23.8%
Movie ticket to theater/cinema	$18.00 BSD18.00	$14.35 ISK1,874	-20.3%
Average			+11.1%

Bahamas vs. Iceland - Cost of entertainment and sports

Improve prices · Change currency (USD)

pay 58.7% more for clothing

	Bahamas	Iceland
Regular jeans Levi's brand	$57.50 BSD57.50	$111.23 ISK14,528	+93.4%
Regular dress from H&M or similar store	$50.83 BSD50.83	$59.69 ISK7,796	+17.4%
Running shoes Nike or Adidas	$106.00 BSD106.00	$148.00 ISK19,330	+39.6%
Men's business shoes (leather)	$100.00 BSD100.00	$184.49 ISK24,097	+84.5%
Average			+58.7%

Bahamas vs. Iceland - Cost of clothing

Improve prices · Change currency (USD)

The statistics used to build this comparison are calculated using data from users just like you. We average the price of thousands of data points entered by users across the world. Learn more about our data sources. Page last updated: May 2025

More cost comparisons

Bahamas vs.

Spain

Bahamas vs.

Peru

Bahamas vs.

China

Bahamas vs.

Poland

Bahamas vs.

Ecuador

Bahamas vs.

Thailand

Bahamas vs.

Austria

Bahamas vs.

Australia

Share this

Compare by city

For example, try comparing the cost of living in Nassau vs. Reykjavik

Help us improve these prices

MyLifeElsewhere is a collaborative project. Please enter price information for your location to help assist us in making these comparisons more accurate. Learn more

Add prices for Bahamas

Add prices for Iceland

ASK THE ELSEWHERE COMMUNITY

Join the Elsewhere community and ask a question about Iceland or Bahamas. It's a free, question-and-answer based forum to discuss what life is like in countries and cities around the world.