Cost of living comparison

compared to

Hamilton vs. Reykjavik Cost of Living Summary

Hamilton is 46.6% more expensive than Reykjavik.

Restaurants: pay 23.7% more in Hamilton
Groceries: pay 87.9% more in Hamilton
Transportation: pay 8.7% less in Hamilton
Housing: pay 93.8% more in Hamilton
Childcare: pay 2.4 times more in Hamilton
Entertainment and Sports: pay 20.2% more in Hamilton
Clothing: pay 31.6% less in Hamilton

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

Hamilton vs. Reykjavik Cost Breakdown

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

Display currency: USD

pay 23.7% more for restaurants

	Reykjavik	Hamilton
Basic meal with drink at inexpensive restaurant	$27.48 ISK3,517	$60.00 BMD60.00	+118.4%
Fast food combo meal McDonalds, or similar	$22.76 ISK2,913	$15.00 BMD15.00	-34.1%
Bottle of Coca-Cola (11 fl. oz)	$3.34 ISK427	$3.42 BMD3.42	+2.4%
Bottle of water (11 fl. oz)	$2.70 ISK345	$2.92 BMD2.92	+8.1%
Average			+23.7%

Reykjavik vs. Hamilton - Cost of restaurants

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pay 87.9% more for groceries

	Reykjavik	Hamilton
Bread 1 loaf	$4.63 ISK593	$8.38 BMD8.38	+80.8%
Local cheese (8 oz)	$9.44 ISK1,208	$6.09 BMD6.09	-35.5%
Milk (1 gallon)	$7.63 ISK976	$16.74 BMD16.74	+119.4%
Eggs 1 dozen	$6.50 ISK832	$7.53 BMD7.53	+15.9%
Boneless chicken breast (1 lb)	$11.29 ISK1,445	$10.49 BMD10.49	-7.1%
Apples (1 lb)	$1.59 ISK204	$5.80 BMD5.80	+264.9%
Bananas (1 lb)	$1.17 ISK150	$3.01 BMD3.01	+157.4%
Oranges (1 lb)	$1.49 ISK190	$4.38 BMD4.38	+194.5%
Tomatoes (1 lb)	$2.54 ISK325	$3.18 BMD3.18	+25.2%
Potatoes (1 lb)	$1.70 ISK217	$3.40 BMD3.40	+100.5%
Onions (1 lb)	$1.13 ISK145	$1.71 BMD1.71	+51.0%
Average			+87.9%

Reykjavik vs. Hamilton - Cost of groceries

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pay 8.7% less for transportation

	Reykjavik	Hamilton
Gasoline (1 gallon)	$9.66 ISK1,236	$8.89 BMD8.89	-8.0%
Monthly public transit pass	$88.58 ISK11,337	$69.00 BMD69.00	-22.1%
New Volkswagen Golf 1.4 (standard edition)	$50,771.00 ISK6,497,672	$32,500.00 BMD32,500.00	-36.0%
Taxi trip in downtown area (5 miles)	$28.07 ISK3,592	$36.83 BMD36.83	+31.2%
Average			-8.7%

Reykjavik vs. Hamilton - Cost of transportation

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pay 93.8% more for housing

	Reykjavik	Hamilton
Internet connection 50 mbps or faster, cable/dsl	$81.97 ISK10,490	$151.67 BMD151.67	+85.0%
1-Bedroom apartment in downtown area	$2,259.48 ISK289,169	$3,616.67 BMD3,616.67	+60.1%
1-Bedroom apartment outside city center	$2,034.90 ISK260,427	$2,266.67 BMD2,266.67	+11.4%
Utilities for two (700 sq ft apartment) including electric, gas, water, heating	$60.87 ISK7,791	$193.88 BMD193.88	+218.5%
Average			+93.8%

Reykjavik vs. Hamilton - Cost of housing

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pay 2.4 times more for childcare

	Reykjavik	Hamilton
Private preschool for 1 child, monthly	$327.78 ISK41,949	$1,320.00 BMD1,320.00	+302.7%
Middle school for 1 child, two semesters	$30,711.08 ISK3,930,404	$24,500.00 BMD24,500.00	-20.2%
Average			+141.2%

Reykjavik vs. Hamilton - Cost of childcare

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pay 20.2% more for entertainment and sports

	Reykjavik	Hamilton
Domestic/local beer (1 pint)	$13.12 ISK1,680	$10.00 BMD10.00	-23.8%
Cappuccino in mid-range area	$6.17 ISK790	$6.44 BMD6.44	+4.3%
Pack of cigarettes Marlboro or similar	$13.94 ISK1,783	$17.62 BMD17.62	+26.5%
Monthly membership at local gym	$87.35 ISK11,179	$188.00 BMD188.00	+115.2%
Movie ticket to theater/cinema	$17.18 ISK2,199	$13.50 BMD13.50	-21.4%
Average			+20.2%

Reykjavik vs. Hamilton - Cost of entertainment and sports

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pay 31.6% less for clothing

	Reykjavik	Hamilton
Regular jeans Levi's brand	$145.10 ISK18,569	$80.00 BMD80.00	-44.9%
Regular dress from H&M or similar store	$63.97 ISK8,187	$60.00 BMD60.00	-6.2%
Running shoes Nike or Adidas	$193.43 ISK24,755	$142.50 BMD142.50	-26.3%
Men's business shoes (leather)	$248.79 ISK31,840	$127.17 BMD127.17	-48.9%
Average			-31.6%

Reykjavik vs. Hamilton - 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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