Cost of living comparison

Bermuda

compared to

Iceland

Reykjavik vs. Hamilton Cost of Living Summary

Reykjavik is 20.7% cheaper than Hamilton.

Restaurants: pay 4.1% less in Reykjavik
Groceries: pay 40.4% less in Reykjavik
Transportation: pay 11.9% more in Reykjavik
Housing: pay 37.8% less in Reykjavik
Childcare: pay 3.8% less in Reykjavik
Entertainment and Sports: pay 5.1% more in Reykjavik
Clothing: pay 40.0% more in Reykjavik

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

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Reykjavik vs. Hamilton Cost Breakdown

If you lived in Reykjavik instead of Hamilton, you would:

Display currency: USD

pay 4.1% less for restaurants

	Hamilton	Reykjavik
Basic meal with drink at inexpensive restaurant	$50.00 BMD50.00	$31.06 ISK3,763	-37.9%
Fast food combo meal McDonalds, or similar	$16.88 BMD16.88	$26.97 ISK3,268	+59.8%
Bottle of Coca-Cola (11 fl. oz)	$3.04 BMD3.04	$3.31 ISK402	+9.1%
Bottle of water (11 fl. oz)	$3.12 BMD3.12	$3.11 ISK376	-0.5%
Average			-4.1%

Hamilton vs. Reykjavik - Cost of restaurants

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pay 40.4% less for groceries

	Hamilton	Reykjavik
Bread 1 loaf	$8.02 BMD8.02	$4.19 ISK508	-47.7%
Local cheese (8 oz)	$11.75 BMD11.75	$10.93 ISK1,324	-7.0%
Milk (1 gallon)	$18.61 BMD18.61	$7.78 ISK942	-58.2%
Eggs 1 dozen	$7.18 BMD7.18	$7.08 ISK858	-1.4%
Boneless chicken breast (1 lb)	$9.66 BMD9.66	$11.00 ISK1,333	+13.9%
Apples (1 lb)	$4.11 BMD4.11	$1.50 ISK182	-63.4%
Bananas (1 lb)	$3.00 BMD3.00	$1.27 ISK154	-57.8%
Oranges (1 lb)	$3.24 BMD3.24	$1.46 ISK177	-54.9%
Tomatoes (1 lb)	$3.80 BMD3.80	$2.93 ISK355	-22.9%
Potatoes (1 lb)	$2.58 BMD2.58	$1.78 ISK215	-31.3%
Onions (1 lb)	$1.88 BMD1.88	$0.76 ISK92	-59.8%
Average			-40.4%

Hamilton vs. Reykjavik - Cost of groceries

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pay 11.9% more for transportation

	Hamilton	Reykjavik
Gasoline (1 gallon)	$9.03 BMD9.03	$7.76 ISK941	-14.1%
Monthly public transit pass	$69.00 BMD69.00	$94.80 ISK11,488	+37.4%
New Volkswagen Golf 1.4 (standard edition)	$37,500.00 BMD37,500.00	$50,588.43 ISK6M	+34.9%
Taxi trip in downtown area (5 miles)	$30.39 BMD30.39	$29.26 ISK3,545	-3.7%
Average			+11.9%

Hamilton vs. Reykjavik - Cost of transportation

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pay 37.8% less for housing

	Hamilton	Reykjavik
Internet connection 50 mbps or faster, cable/dsl	$159.67 BMD159.67	$86.01 ISK10,422	-46.1%
1-Bedroom apartment in downtown area	$3,868.00 BMD3,868.00	$2,522.88 ISK306K	-34.8%
1-Bedroom apartment outside city center	$2,661.67 BMD2,661.67	$2,032.25 ISK246K	-23.6%
Utilities for two (700 sq ft apartment) including electric, gas, water, heating	$220.49 BMD220.49	$73.44 ISK8,899	-66.7%
Average			-37.8%

Hamilton vs. Reykjavik - Cost of housing

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pay 3.8% less for childcare

	Hamilton	Reykjavik
Private preschool for 1 child, monthly	$1,320.00 BMD1,320.00	$1,185.23 ISK144K	-10.2%
Middle school for 1 child, two semesters	$25,083.33 BMD25,083.33	$25,853.51 ISK3M	+3.1%
Average			-3.8%

Hamilton vs. Reykjavik - Cost of childcare

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pay 5.1% more for entertainment and sports

	Hamilton	Reykjavik
Domestic/local beer (1 pint)	$7.50 BMD7.50	$13.89 ISK1,684	+85.2%
Cappuccino in mid-range area	$6.20 BMD6.20	$6.74 ISK817	+8.7%
Pack of cigarettes Marlboro or similar	$18.00 BMD18.00	$13.89 ISK1,684	-22.8%
Monthly membership at local gym	$188.00 BMD188.00	$100.25 ISK12,148	-46.7%
Movie ticket to theater/cinema	$13.50 BMD13.50	$19.57 ISK2,372	+45.0%
Average			+5.1%

Hamilton vs. Reykjavik - Cost of entertainment and sports

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pay 40.0% more for clothing

	Hamilton	Reykjavik
Regular jeans Levi's brand	$90.00 BMD90.00	$149.01 ISK18,058	+65.6%
Regular dress from H&M or similar store	$70.00 BMD70.00	$65.79 ISK7,972	-6.0%
Running shoes Nike or Adidas	$142.50 BMD142.50	$181.84 ISK22,035	+27.6%
Men's business shoes (leather)	$128.75 BMD128.75	$248.81 ISK30,151	+93.3%
Average			+40.0%

Hamilton vs. Reykjavik - 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

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