Cost of living comparison
Iceland is 28.6% cheaper than Bermuda.
If you lived in Iceland instead of Bermuda, you would:
pay 23.9% less for restaurants
|
Bermuda
|
Iceland
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$50.00
BMD50.00
|
$19.51
ISK2,647
|
|
|
Fast food combo meal
McDonalds, or similar
|
$15.00
BMD15.00
|
$16.45
ISK2,231
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$3.19
BMD3.19
|
$2.70
ISK367
|
|
| Bottle of water (11 fl. oz) |
$2.75
BMD2.75
|
$1.95
ISK265
|
|
pay 53.0% less for groceries
|
Bermuda
|
Iceland
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$8.20
BMD8.20
|
$3.16
ISK428
|
|
| Local cheese (8 oz) |
$5.93
BMD5.93
|
$6.72
ISK911
|
|
| Milk (1 gallon) |
$16.07
BMD16.07
|
$6.27
ISK851
|
|
|
Eggs
1 dozen
|
$8.10
BMD8.10
|
$6.03
ISK818
|
|
| Boneless chicken breast (1 lb) |
$9.59
BMD9.59
|
$7.60
ISK1,031
|
|
| Apples (1 lb) |
$5.20
BMD5.20
|
$1.13
ISK153
|
|
| Bananas (1 lb) |
$3.20
BMD3.20
|
$1.01
ISK137
|
|
| Oranges (1 lb) |
$4.42
BMD4.42
|
$1.15
ISK157
|
|
| Tomatoes (1 lb) |
$4.32
BMD4.32
|
$1.71
ISK232
|
|
| Potatoes (1 lb) |
$3.84
BMD3.84
|
$1.13
ISK153
|
|
| Onions (1 lb) |
$2.84
BMD2.84
|
$0.68
ISK92
|
|
pay 8.1% less for transportation
|
Bermuda
|
Iceland
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$8.77
BMD8.77
|
$8.42
ISK1,142
|
|
| Monthly public transit pass |
$69.00
BMD69.00
|
$68.29
ISK9,265
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$36,500.00
BMD36,500.00
|
$39,714.69
ISK5,387,695
|
|
| Taxi trip in downtown area (5 miles) |
$36.38
BMD36.38
|
$23.23
ISK3,151
|
|
pay 50.1% less for housing
|
Bermuda
|
Iceland
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$138.75
BMD138.75
|
$74.47
ISK10,103
|
|
| 1-Bedroom apartment in downtown area |
$2,955.56
BMD2,955.56
|
$1,518.94
ISK206,059
|
|
| 1-Bedroom apartment outside city center |
$2,175.00
BMD2,175.00
|
$1,325.48
ISK179,814
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$199.60
BMD199.60
|
$66.99
ISK9,088
|
|
pay 77.8% less for childcare
|
Bermuda
|
Iceland
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$1,268.00
BMD1,268.00
|
$254.97
ISK34,589
|
|
| Middle school for 1 child, two semesters |
$24,555.56
BMD24,555.56
|
$5,993.83
ISK813,122
|
|
pay 21.9% less for entertainment and sports
|
Bermuda
|
Iceland
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$10.00
BMD10.00
|
$9.37
ISK1,272
|
|
| Cappuccino in mid-range area |
$5.68
BMD5.68
|
$4.61
ISK626
|
|
|
Pack of cigarettes
Marlboro or similar
|
$17.50
BMD17.50
|
$11.22
ISK1,522
|
|
| Monthly membership at local gym |
$136.00
BMD136.00
|
$60.00
ISK8,140
|
|
| Movie ticket to theater/cinema |
$13.00
BMD13.00
|
$13.94
ISK1,891
|
|
pay 34.3% more for clothing
|
Bermuda
|
Iceland
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$52.50
BMD52.50
|
$108.23
ISK14,683
|
|
|
Regular dress
from H&M or similar store
|
$60.00
BMD60.00
|
$59.73
ISK8,103
|
|
|
Running shoes
Nike or Adidas
|
$140.00
BMD140.00
|
$146.94
ISK19,934
|
|
| Men's business shoes (leather) |
$133.83
BMD133.83
|
$169.24
ISK22,959
|
|
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