Cost of living comparison

compared to

Iceland vs. Bermuda Cost of Living Summary

Iceland is 9.2% cheaper than Bermuda overall.

Restaurants: pay 7.4% less in Iceland
Groceries: pay 34.1% less in Iceland
Transportation: pay 11.1% more in Iceland
Housing: pay 39.8% less in Iceland
Childcare: pay 24.6% less in Iceland
Entertainment and Sports: pay 11.3% less in Iceland
Clothing: pay 42.0% more in Iceland

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

Iceland vs. Bermuda Cost Breakdown

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

Display currency: USD

pay 7.4% less for restaurants

	Bermuda	Iceland
Basic meal with drink at inexpensive restaurant	$60.00 BMD60.00	$26.52 ISK3,394	-55.8%
Fast food combo meal McDonalds, or similar	$15.00 BMD15.00	$21.32 ISK2,728	+42.1%
Bottle of Coca-Cola (11 fl. oz)	$3.42 BMD3.42	$3.11 ISK398	-9.0%
Bottle of water (11 fl. oz)	$2.92 BMD2.92	$2.72 ISK348	-6.8%
Average			-7.4%

Bermuda vs. Iceland - Cost of restaurants

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pay 34.1% less for groceries

	Bermuda	Iceland
Bread 1 loaf	$8.38 BMD8.38	$3.80 ISK487	-54.6%
Local cheese (8 oz)	$6.09 BMD6.09	$9.44 ISK1,208	+54.9%
Milk (1 gallon)	$16.74 BMD16.74	$7.78 ISK996	-53.5%
Eggs 1 dozen	$7.53 BMD7.53	$6.71 ISK859	-11.0%
Boneless chicken breast (1 lb)	$10.49 BMD10.49	$11.22 ISK1,436	+7.0%
Apples (1 lb)	$5.80 BMD5.80	$1.50 ISK191	-74.2%
Bananas (1 lb)	$3.01 BMD3.01	$1.15 ISK147	-61.9%
Oranges (1 lb)	$4.38 BMD4.38	$1.41 ISK181	-67.7%
Tomatoes (1 lb)	$3.18 BMD3.18	$2.34 ISK300	-26.3%
Potatoes (1 lb)	$3.40 BMD3.40	$1.65 ISK211	-51.6%
Onions (1 lb)	$1.71 BMD1.71	$1.09 ISK140	-35.9%
Average			-34.1%

Bermuda vs. Iceland - Cost of groceries

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pay 11.1% more for transportation

	Bermuda	Iceland
Gasoline (1 gallon)	$8.89 BMD8.89	$9.65 ISK1,235	+8.6%
Monthly public transit pass	$69.00 BMD69.00	$79.56 ISK10,182	+15.3%
New Volkswagen Golf 1.4 (standard edition)	$32,500.00 BMD32,500.00	$49,144.25 ISK6,289,481	+51.2%
Taxi trip in downtown area (5 miles)	$36.83 BMD36.83	$25.55 ISK3,270	-30.6%
Average			+11.1%

Bermuda vs. Iceland - Cost of transportation

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pay 39.8% less for housing

	Bermuda	Iceland
Internet connection 50 mbps or faster, cable/dsl	$151.67 BMD151.67	$95.65 ISK12,241	-36.9%
1-Bedroom apartment in downtown area	$3,616.67 BMD3,616.67	$2,289.17 ISK292,968	-36.7%
1-Bedroom apartment outside city center	$2,266.67 BMD2,266.67	$1,830.04 ISK234,209	-19.3%
Utilities for two (700 sq ft apartment) including electric, gas, water, heating	$193.88 BMD193.88	$65.15 ISK8,338	-66.4%
Average			-39.8%

Bermuda vs. Iceland - Cost of housing

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pay 24.6% less for childcare

	Bermuda	Iceland
Private preschool for 1 child, monthly	$1,320.00 BMD1,320.00	$334.67 ISK42,830	-74.6%
Middle school for 1 child, two semesters	$24,500.00 BMD24,500.00	$30,711.08 ISK3,930,404	+25.4%
Average			-24.6%

Bermuda vs. Iceland - Cost of childcare

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pay 11.3% less for entertainment and sports

	Bermuda	Iceland
Domestic/local beer (1 pint)	$10.00 BMD10.00	$11.14 ISK1,426	+11.4%
Cappuccino in mid-range area	$6.44 BMD6.44	$5.62 ISK720	-12.6%
Pack of cigarettes Marlboro or similar	$17.62 BMD17.62	$13.90 ISK1,778	-21.2%
Monthly membership at local gym	$188.00 BMD188.00	$78.17 ISK10,004	-58.4%
Movie ticket to theater/cinema	$13.50 BMD13.50	$16.75 ISK2,144	+24.1%
Average			-11.3%

Bermuda vs. Iceland - Cost of entertainment and sports

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pay 42.0% more for clothing

	Bermuda	Iceland
Regular jeans Levi's brand	$80.00 BMD80.00	$130.91 ISK16,753	+63.6%
Regular dress from H&M or similar store	$60.00 BMD60.00	$61.83 ISK7,913	+3.0%
Running shoes Nike or Adidas	$142.50 BMD142.50	$163.81 ISK20,965	+15.0%
Men's business shoes (leather)	$127.17 BMD127.17	$237.31 ISK30,371	+86.6%
Average			+42.0%

Bermuda vs. Iceland - Cost of clothing

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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: December 2025

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