Cost of living comparison
Bermuda is 2.4 times more expensive than Iceland.
If you lived in Bermuda instead of Iceland, you would:
pay 40.9% more for restaurants
Iceland
|
Bermuda
|
||
---|---|---|---|
Basic meal with drink at inexpensive restaurant |
$17.84
kr2,439
|
$36.50
$36.50
|
|
Fast food combo meal
McDonalds, or similar
|
$14.27
kr1,951
|
$15.00
$15.00
|
|
Bottle of Coca-Cola (11 fl. oz) |
$2.32
kr317
|
$3.00
$3.00
|
|
Bottle of water (11 fl. oz) |
$2.12
kr290
|
$2.64
$2.64
|
|
pay 2.9 times more for groceries
Iceland
|
Bermuda
|
||
---|---|---|---|
Bread
1 loaf
|
$3.42
kr468
|
$7.15
$7.15
|
|
Local cheese (8 oz) |
$5.98
kr818
|
$7.10
$7.10
|
|
Milk (1 gallon) |
$5.33
kr728
|
$15.74
$15.74
|
|
Eggs
1 dozen
|
$5.66
kr774
|
$6.84
$6.84
|
|
Boneless chicken breast (1 lb) |
$7.09
kr970
|
$9.56
$9.56
|
|
Apples (1 lb) |
$1.16
kr159
|
$5.41
$5.41
|
|
Bananas (1 lb) |
$0.98
kr134
|
$3.10
$3.10
|
|
Oranges (1 lb) |
$1.17
kr160
|
$4.74
$4.74
|
|
Tomatoes (1 lb) |
$1.84
kr251
|
$4.03
$4.03
|
|
Potatoes (1 lb) |
$0.96
kr131
|
$3.84
$3.84
|
|
Onions (1 lb) |
$0.51
kr70
|
$2.84
$2.84
|
|
pay 12.7% more for transportation
Iceland
|
Bermuda
|
||
---|---|---|---|
Gasoline (1 gallon) |
$8.03
kr1,099
|
$8.74
$8.74
|
|
Monthly public transit pass |
$77.40
kr10,584
|
$68.50
$68.50
|
|
New Volkswagen Golf 1.4 (standard edition) |
$29,836.83
kr4,080,131
|
$38,000.00
$38,000.00
|
|
Taxi trip in downtown area (5 miles) |
$23.97
kr3,277
|
$30.25
$30.25
|
|
pay 2.2 times more for housing
Iceland
|
Bermuda
|
||
---|---|---|---|
Internet connection
50 mbps or faster, cable/dsl
|
$62.40
kr8,533
|
$128.22
$128.22
|
|
1-Bedroom apartment in downtown area |
$1,437.14
kr196,527
|
$3,125.00
$3,125.00
|
|
1-Bedroom apartment outside city center |
$1,215.63
kr166,234
|
$2,193.95
$2,193.95
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$68.63
kr9,385
|
$178.50
$178.50
|
|
pay 6.7 times more for childcare
Iceland
|
Bermuda
|
||
---|---|---|---|
Private preschool for 1 child, monthly |
$259.34
kr35,465
|
$1,184.67
$1,184.67
|
|
Middle school for 1 child, two semesters |
$2,750.10
kr376,071
|
$24,375.00
$24,375.00
|
|
pay 43.1% more for entertainment and sports
Iceland
|
Bermuda
|
||
---|---|---|---|
Domestic/local beer (1 pint) |
$8.52
kr1,165
|
$9.33
$9.33
|
|
Cappuccino in mid-range area |
$4.15
kr568
|
$5.50
$5.50
|
|
Pack of cigarettes
Marlboro or similar
|
$10.64
kr1,454
|
$17.62
$17.62
|
|
Monthly membership at local gym |
$56.90
kr7,781
|
$114.94
$114.94
|
|
Movie ticket to theater/cinema |
$12.27
kr1,678
|
$13.00
$13.00
|
|
pay 15.7% less for clothing
Iceland
|
Bermuda
|
||
---|---|---|---|
Regular jeans
Levi's brand
|
$118.08
kr16,147
|
$70.50
$70.50
|
|
Regular dress
from H&M or similar store
|
$50.39
kr6,891
|
$57.00
$57.00
|
|
Running shoes
Nike or Adidas
|
$151.12
kr20,665
|
$140.62
$140.62
|
|
Men's business shoes (leather) |
$175.20
kr23,958
|
$124.75
$124.75
|
|
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