Cost of living comparison

compared to

Bermuda vs. Iceland Cost of Living Summary

Bermuda is 49.9% more expensive than Iceland overall.

Restaurants: pay 28.4% more in Bermuda
Groceries: pay 96.8% more in Bermuda
Transportation: pay 2.7% less in Bermuda
Housing: pay 84.5% more in Bermuda
Childcare: pay 2.4 times more in Bermuda
Entertainment and Sports: pay 30.4% more in Bermuda
Clothing: pay 25.3% less in Bermuda

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

Bermuda vs. Iceland Cost Breakdown

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

Display currency: USD

pay 28.4% more for restaurants

	Iceland	Bermuda
Basic meal with drink at inexpensive restaurant	$26.52 ISK3,394	$60.00 BMD60.00	+126.2%
Fast food combo meal McDonalds, or similar	$21.32 ISK2,728	$15.00 BMD15.00	-29.6%
Bottle of Coca-Cola (11 fl. oz)	$3.11 ISK398	$3.42 BMD3.42	+9.9%
Bottle of water (11 fl. oz)	$2.72 ISK348	$2.92 BMD2.92	+7.3%
Average			+28.4%

Iceland vs. Bermuda - Cost of restaurants

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pay 96.8% more for groceries

	Iceland	Bermuda
Bread 1 loaf	$3.80 ISK487	$8.38 BMD8.38	+120.4%
Local cheese (8 oz)	$9.44 ISK1,208	$6.09 BMD6.09	-35.5%
Milk (1 gallon)	$7.78 ISK996	$16.74 BMD16.74	+115.2%
Eggs 1 dozen	$6.71 ISK859	$7.53 BMD7.53	+12.3%
Boneless chicken breast (1 lb)	$11.22 ISK1,436	$10.49 BMD10.49	-6.5%
Apples (1 lb)	$1.50 ISK191	$5.80 BMD5.80	+288.0%
Bananas (1 lb)	$1.15 ISK147	$3.01 BMD3.01	+162.5%
Oranges (1 lb)	$1.41 ISK181	$4.38 BMD4.38	+210.0%
Tomatoes (1 lb)	$2.34 ISK300	$3.18 BMD3.18	+35.7%
Potatoes (1 lb)	$1.65 ISK211	$3.40 BMD3.40	+106.5%
Onions (1 lb)	$1.09 ISK140	$1.71 BMD1.71	+56.1%
Average			+96.8%

Iceland vs. Bermuda - Cost of groceries

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pay 2.7% less for transportation

	Iceland	Bermuda
Gasoline (1 gallon)	$9.65 ISK1,235	$8.89 BMD8.89	-7.9%
Monthly public transit pass	$79.56 ISK10,182	$69.00 BMD69.00	-13.3%
New Volkswagen Golf 1.4 (standard edition)	$49,144.25 ISK6,289,481	$32,500.00 BMD32,500.00	-33.9%
Taxi trip in downtown area (5 miles)	$25.55 ISK3,270	$36.83 BMD36.83	+44.1%
Average			-2.7%

Iceland vs. Bermuda - Cost of transportation

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pay 84.5% more for housing

	Iceland	Bermuda
Internet connection 50 mbps or faster, cable/dsl	$95.65 ISK12,241	$151.67 BMD151.67	+58.6%
1-Bedroom apartment in downtown area	$2,289.17 ISK292,968	$3,616.67 BMD3,616.67	+58.0%
1-Bedroom apartment outside city center	$1,830.04 ISK234,209	$2,266.67 BMD2,266.67	+23.9%
Utilities for two (700 sq ft apartment) including electric, gas, water, heating	$65.15 ISK8,338	$193.88 BMD193.88	+197.6%
Average			+84.5%

Iceland vs. Bermuda - Cost of housing

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pay 2.4 times more for childcare

	Iceland	Bermuda
Private preschool for 1 child, monthly	$334.67 ISK42,830	$1,320.00 BMD1,320.00	+294.4%
Middle school for 1 child, two semesters	$30,711.08 ISK3,930,404	$24,500.00 BMD24,500.00	-20.2%
Average			+137.1%

Iceland vs. Bermuda - Cost of childcare

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pay 30.4% more for entertainment and sports

	Iceland	Bermuda
Domestic/local beer (1 pint)	$11.14 ISK1,426	$10.00 BMD10.00	-10.2%
Cappuccino in mid-range area	$5.62 ISK720	$6.44 BMD6.44	+14.5%
Pack of cigarettes Marlboro or similar	$13.90 ISK1,778	$17.62 BMD17.62	+26.8%
Monthly membership at local gym	$78.17 ISK10,004	$188.00 BMD188.00	+140.5%
Movie ticket to theater/cinema	$16.75 ISK2,144	$13.50 BMD13.50	-19.4%
Average			+30.4%

Iceland vs. Bermuda - Cost of entertainment and sports

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pay 25.3% less for clothing

	Iceland	Bermuda
Regular jeans Levi's brand	$130.91 ISK16,753	$80.00 BMD80.00	-38.9%
Regular dress from H&M or similar store	$61.83 ISK7,913	$60.00 BMD60.00	-3.0%
Running shoes Nike or Adidas	$163.81 ISK20,965	$142.50 BMD142.50	-13.0%
Men's business shoes (leather)	$237.31 ISK30,371	$127.17 BMD127.17	-46.4%
Average			-25.3%

Iceland vs. Bermuda - 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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