Cost of living comparison

Barbados

compared to

Iceland

Iceland vs. Barbados Cost of Living Summary

Iceland is 44.3% more expensive than Barbados overall.

Restaurants: pay 57.9% more in Iceland
Groceries: pay 6.9% less in Iceland
Transportation: pay 3.9% more in Iceland
Housing: pay 81.2% more in Iceland
Entertainment and Sports: pay 70.0% more in Iceland
Clothing: pay 2.4 times more in Iceland

The cost of clothing, housing, entertainment and sports, restaurants, and transportation in Iceland are more expensive than in Barbados. Notably, clothing and housing are significantly more expensive in Iceland.

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Iceland vs. Barbados Cost Breakdown

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

Display currency: USD

pay 57.9% more for restaurants

	Barbados	Iceland
Basic meal with drink at inexpensive restaurant	$22.50 BBD45.00	$28.88 ISK3,499	+28.3%
Fast food combo meal McDonalds, or similar	$11.25 BBD22.50	$22.83 ISK2,767	+103.0%
Bottle of Coca-Cola (11 fl. oz)	$2.28 BBD4.57	$3.25 ISK393	+42.1%
Bottle of water (11 fl. oz)	$1.62 BBD3.25	$3.01 ISK365	+85.2%
Average			+57.9%

Barbados vs. Iceland - Cost of restaurants

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pay 6.9% less for groceries

	Barbados	Iceland
Bread 1 loaf	$3.24 BBD6.48	$3.55 ISK431	+9.6%
Local cheese (8 oz)	$3.91 BBD7.82	$10.11 ISK1,226	+158.6%
Milk (1 gallon)	$14.47 BBD28.93	$7.79 ISK944	-46.1%
Eggs 1 dozen	$6.13 BBD12.26	$6.92 ISK839	+13.0%
Boneless chicken breast (1 lb)	$4.50 BBD9.00	$11.01 ISK1,334	+144.8%
Apples (1 lb)	$2.38 BBD4.76	$1.43 ISK173	-40.1%
Bananas (1 lb)	$1.70 BBD3.41	$1.23 ISK148	-28.0%
Oranges (1 lb)	$2.44 BBD4.87	$1.42 ISK172	-41.8%
Tomatoes (1 lb)	$2.46 BBD4.91	$2.60 ISK315	+5.9%
Potatoes (1 lb)	$1.96 BBD3.91	$1.71 ISK207	-12.6%
Onions (1 lb)	$1.62 BBD3.24	$0.76 ISK92	-53.3%
Average			-6.9%

Barbados vs. Iceland - Cost of groceries

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pay 3.9% more for transportation

	Barbados	Iceland
Gasoline (1 gallon)	$7.73 BBD15.46	$8.09 ISK980	+4.6%
Monthly public transit pass	??	$80.58 ISK9,765
New Volkswagen Golf 1.4 (standard edition)	$43,750.00 BBD87,500.00	$48,967.53 ISK6M	+11.9%
Taxi trip in downtown area (5 miles)	$32.40 BBD64.80	$26.24 ISK3,179	-19.0%
Average			+3.9%

Barbados vs. Iceland - Cost of transportation

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pay 81.2% more for housing

	Barbados	Iceland
Internet connection 50 mbps or faster, cable/dsl	$83.96 BBD167.92	$98.24 ISK11,905	+17.0%
1-Bedroom apartment in downtown area	$925.00 BBD1,850.00	$2,335.24 ISK283K	+152.5%
1-Bedroom apartment outside city center	$900.00 BBD1,800.00	$1,824.40 ISK221K	+102.7%
Utilities for two (700 sq ft apartment) including electric, gas, water, heating	$112.79 BBD225.59	$72.34 ISK8,766	-35.9%
Average			+81.2%

Barbados vs. Iceland - Cost of housing

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pay (unknown) more for childcare

	Barbados	Iceland
Private preschool for 1 child, monthly	??	$833.66 ISK101K
Middle school for 1 child, two semesters	??	$27,752.37 ISK3M

Barbados vs. Iceland - Cost of childcare

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pay 70.0% more for entertainment and sports

	Barbados	Iceland
Domestic/local beer (1 pint)	$2.75 BBD5.50	$11.37 ISK1,378	+314.0%
Cappuccino in mid-range area	$5.13 BBD10.27	$5.90 ISK715	+14.9%
Pack of cigarettes Marlboro or similar	$7.00 BBD14.00	$13.85 ISK1,679	+97.9%
Monthly membership at local gym	$69.17 BBD138.33	$83.64 ISK10,136	+20.9%
Movie ticket to theater/cinema	$11.88 BBD23.75	$17.92 ISK2,171	+50.9%
Average			+70.0%

Barbados vs. Iceland - Cost of entertainment and sports

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pay 2.4 times more for clothing

	Barbados	Iceland
Regular jeans Levi's brand	$49.38 BBD98.75	$134.47 ISK16,295	+172.3%
Regular dress from H&M or similar store	$26.88 BBD53.75	$63.25 ISK7,664	+135.3%
Running shoes Nike or Adidas	$93.12 BBD186.25	$159.03 ISK19,271	+70.8%
Men's business shoes (leather)	$81.25 BBD162.50	$237.19 ISK28,742	+191.9%
Average			+137.7%

Barbados 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: Barbados vs. Iceland

Salary Calculator · Free tool

What salary would you need in Iceland?

Quality of Life Comparison · 20 statistics

Make 3.5 times more money in Iceland

Size Comparison · See true size

Barbados is about 240 times smaller than Iceland.

Moving from Barbados to Iceland · UN DESA 2015

1 people born in Barbados live in Iceland.

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