Cost of living comparison

compared to

British Virgin Islands vs. Iceland Cost of Living Summary

British Virgin Islands is 20.5% cheaper than Iceland overall.

Restaurants: pay 31.7% less in British Virgin Islands
Groceries: pay 12.7% more in British Virgin Islands
Transportation: pay 52.0% less in British Virgin Islands
Housing: pay 5.7% more in British Virgin Islands
Childcare: pay 27.2% less in British Virgin Islands
Entertainment and Sports: pay 19.0% less in British Virgin Islands
Clothing: pay 31.9% less in British Virgin Islands

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

British Virgin Islands vs. Iceland Cost Breakdown

If you lived in British Virgin Islands instead of Iceland, you would:

Display currency: USD

pay 31.7% less for restaurants

	Iceland	British Virgin Islands
Basic meal with drink at inexpensive restaurant	$26.52 ISK3,394	$24.49	-7.6%
Fast food combo meal McDonalds, or similar	$21.32 ISK2,728	$13.25	-37.8%
Bottle of Coca-Cola (11 fl. oz)	$3.11 ISK398	$1.97	-36.8%
Bottle of water (11 fl. oz)	$2.72 ISK348	$1.50	-44.8%
Average			-31.7%

Iceland vs. British Virgin Islands - Cost of restaurants

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pay 12.7% more for groceries

	Iceland	British Virgin Islands
Bread 1 loaf	$3.80 ISK487	$4.96	+30.4%
Local cheese (8 oz)	$9.44 ISK1,208	$7.75	-17.9%
Milk (1 gallon)	$7.78 ISK996	$9.43	+21.3%
Eggs 1 dozen	$6.71 ISK859	$6.10	-9.1%
Boneless chicken breast (1 lb)	$11.22 ISK1,436	$5.21	-53.5%
Apples (1 lb)	$1.50 ISK191	$1.56	+4.6%
Bananas (1 lb)	$1.15 ISK147	$1.59	+38.8%
Oranges (1 lb)	$1.41 ISK181	$0.91	-35.9%
Tomatoes (1 lb)	$2.34 ISK300	$3.22	+37.6%
Potatoes (1 lb)	$1.65 ISK211	$2.39	+45.1%
Onions (1 lb)	$1.09 ISK140	$1.95	+78.7%
Average			+12.7%

Iceland vs. British Virgin Islands - Cost of groceries

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pay 52.0% less for transportation

	Iceland	British Virgin Islands
Gasoline (1 gallon)	$9.65 ISK1,235	$4.64	-52.0%
Monthly public transit pass	$79.56 ISK10,182	??
New Volkswagen Golf 1.4 (standard edition)	$49,144.25 ISK6,289,481	??
Taxi trip in downtown area (5 miles)	$25.55 ISK3,270	??
Average			-52.0%

Iceland vs. British Virgin Islands - Cost of transportation

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pay 5.7% more for housing

	Iceland	British Virgin Islands
Internet connection 50 mbps or faster, cable/dsl	$95.65 ISK12,241	$120.00	+25.5%
1-Bedroom apartment in downtown area	$2,289.17 ISK292,968	$1,458.33	-36.3%
1-Bedroom apartment outside city center	$1,830.04 ISK234,209	$1,183.33	-35.3%
Utilities for two (700 sq ft apartment) including electric, gas, water, heating	$65.15 ISK8,338	$110.12	+69.0%
Average			+5.7%

Iceland vs. British Virgin Islands - Cost of housing

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pay 27.2% less for childcare

	Iceland	British Virgin Islands
Private preschool for 1 child, monthly	$334.67 ISK42,830	$375.00	+12.1%
Middle school for 1 child, two semesters	$30,711.08 ISK3,930,404	$10,320.00	-66.4%
Average			-27.2%

Iceland vs. British Virgin Islands - Cost of childcare

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pay 19.0% less for entertainment and sports

	Iceland	British Virgin Islands
Domestic/local beer (1 pint)	$11.14 ISK1,426	$3.75	-66.3%
Cappuccino in mid-range area	$5.62 ISK720	$6.04	+7.4%
Pack of cigarettes Marlboro or similar	$13.90 ISK1,778	$5.00	-64.0%
Monthly membership at local gym	$78.17 ISK10,004	$120.00	+53.5%
Movie ticket to theater/cinema	$16.75 ISK2,144	$12.50	-25.4%
Average			-19.0%

Iceland vs. British Virgin Islands - Cost of entertainment and sports

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pay 31.9% less for clothing

	Iceland	British Virgin Islands
Regular jeans Levi's brand	$130.91 ISK16,753	$47.50	-63.7%
Regular dress from H&M or similar store	$61.83 ISK7,913	$55.00	-11.0%
Running shoes Nike or Adidas	$163.81 ISK20,965	$155.00	-5.4%
Men's business shoes (leather)	$237.31 ISK30,371	$125.00	-47.3%
Average			-31.9%

Iceland vs. British Virgin Islands - 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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