Cost of living comparison

Bermuda

compared to

Iceland

Iceland vs. Bermuda Cost of Living Summary

Iceland is 26.3% cheaper than Bermuda overall.

Restaurants: pay 12.9% less in Iceland
Groceries: pay 43.2% less in Iceland
Transportation: pay 6.7% more in Iceland
Housing: pay 42.0% less in Iceland
Childcare: pay 16.4% less in Iceland
Entertainment and Sports: pay 8.1% less in Iceland
Clothing: pay 29.1% more in Iceland

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

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Iceland vs. Bermuda Cost Breakdown

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

Display currency: USD

pay 12.9% less for restaurants

	Bermuda	Iceland
Basic meal with drink at inexpensive restaurant	$50.00 BMD50.00	$28.88 ISK3,499	-42.2%
Fast food combo meal McDonalds, or similar	$16.88 BMD16.88	$22.83 ISK2,767	+35.3%
Bottle of Coca-Cola (11 fl. oz)	$3.04 BMD3.04	$3.25 ISK393	+6.8%
Bottle of water (11 fl. oz)	$3.12 BMD3.12	$3.01 ISK365	-3.6%
Average			-12.9%

Bermuda vs. Iceland - Cost of restaurants

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pay 43.2% less for groceries

	Bermuda	Iceland
Bread 1 loaf	$8.02 BMD8.02	$3.55 ISK431	-55.7%
Local cheese (8 oz)	$11.75 BMD11.75	$10.11 ISK1,226	-14.0%
Milk (1 gallon)	$18.61 BMD18.61	$7.79 ISK944	-58.1%
Eggs 1 dozen	$7.18 BMD7.18	$6.92 ISK839	-3.5%
Boneless chicken breast (1 lb)	$9.66 BMD9.66	$11.01 ISK1,334	+14.0%
Apples (1 lb)	$4.11 BMD4.11	$1.43 ISK173	-65.3%
Bananas (1 lb)	$3.00 BMD3.00	$1.23 ISK148	-59.2%
Oranges (1 lb)	$3.24 BMD3.24	$1.42 ISK172	-56.2%
Tomatoes (1 lb)	$3.80 BMD3.80	$2.60 ISK315	-31.5%
Potatoes (1 lb)	$2.58 BMD2.58	$1.71 ISK207	-33.8%
Onions (1 lb)	$1.88 BMD1.88	$0.76 ISK92	-59.8%
Average			-43.2%

Bermuda vs. Iceland - Cost of groceries

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pay 6.7% more for transportation

	Bermuda	Iceland
Gasoline (1 gallon)	$9.03 BMD9.03	$8.09 ISK980	-10.5%
Monthly public transit pass	$69.00 BMD69.00	$80.58 ISK9,765	+16.8%
New Volkswagen Golf 1.4 (standard edition)	$37,500.00 BMD37,500.00	$48,967.53 ISK6M	+30.6%
Taxi trip in downtown area (5 miles)	$30.39 BMD30.39	$26.24 ISK3,179	-13.7%
Average			+6.7%

Bermuda vs. Iceland - Cost of transportation

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pay 42.0% less for housing

	Bermuda	Iceland
Internet connection 50 mbps or faster, cable/dsl	$159.67 BMD159.67	$98.24 ISK11,905	-38.5%
1-Bedroom apartment in downtown area	$3,868.00 BMD3,868.00	$2,335.24 ISK283K	-39.6%
1-Bedroom apartment outside city center	$2,661.67 BMD2,661.67	$1,824.40 ISK221K	-31.5%
Utilities for two (700 sq ft apartment) including electric, gas, water, heating	$220.49 BMD220.49	$72.34 ISK8,766	-67.2%
Average			-42.0%

Bermuda vs. Iceland - Cost of housing

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pay 16.4% less for childcare

	Bermuda	Iceland
Private preschool for 1 child, monthly	$1,320.00 BMD1,320.00	$833.66 ISK101K	-36.8%
Middle school for 1 child, two semesters	$25,083.33 BMD25,083.33	$27,752.37 ISK3M	+10.6%
Average			-16.4%

Bermuda vs. Iceland - Cost of childcare

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pay 8.1% less for entertainment and sports

	Bermuda	Iceland
Domestic/local beer (1 pint)	$7.50 BMD7.50	$11.37 ISK1,378	+51.6%
Cappuccino in mid-range area	$6.20 BMD6.20	$5.90 ISK715	-4.9%
Pack of cigarettes Marlboro or similar	$18.00 BMD18.00	$13.85 ISK1,679	-23.0%
Monthly membership at local gym	$188.00 BMD188.00	$83.64 ISK10,136	-55.5%
Movie ticket to theater/cinema	$13.50 BMD13.50	$17.92 ISK2,171	+32.7%
Average			-8.1%

Bermuda vs. Iceland - Cost of entertainment and sports

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pay 29.1% more for clothing

	Bermuda	Iceland
Regular jeans Levi's brand	$90.00 BMD90.00	$134.47 ISK16,295	+49.4%
Regular dress from H&M or similar store	$70.00 BMD70.00	$63.25 ISK7,664	-9.6%
Running shoes Nike or Adidas	$142.50 BMD142.50	$159.03 ISK19,271	+11.6%
Men's business shoes (leather)	$128.75 BMD128.75	$237.19 ISK28,742	+84.2%
Average			+29.1%

Bermuda 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: Bermuda vs. Iceland

Salary Calculator · Free tool

What salary would you need in Iceland?

Quality of Life Comparison · 9 statistics

Make 30.9% less money in Iceland

Size Comparison · See true size

Bermuda is about 1,907 times smaller than Iceland.

Moving from Bermuda to Iceland · UN DESA 2020

2 people born in Bermuda live in Iceland.

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