Cost of living comparison
Iceland is 27.4% cheaper than Bermuda.
If you lived in Iceland instead of Bermuda, you would:
pay 23.9% less for restaurants
|
Bermuda
|
Iceland
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$50.00
BMD50.00
|
$19.40
ISK2,670
|
|
|
Fast food combo meal
McDonalds, or similar
|
$15.00
BMD15.00
|
$16.94
ISK2,332
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$3.30
BMD3.30
|
$2.81
ISK387
|
|
| Bottle of water (11 fl. oz) |
$3.00
BMD3.00
|
$2.02
ISK278
|
|
pay 52.4% less for groceries
|
Bermuda
|
Iceland
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$8.28
BMD8.28
|
$2.95
ISK407
|
|
| Local cheese (8 oz) |
$6.63
BMD6.63
|
$7.27
ISK1,000
|
|
| Milk (1 gallon) |
$17.06
BMD17.06
|
$6.01
ISK827
|
|
|
Eggs
1 dozen
|
$7.24
BMD7.24
|
$5.42
ISK746
|
|
| Boneless chicken breast (1 lb) |
$11.11
BMD11.11
|
$8.51
ISK1,171
|
|
| Apples (1 lb) |
$4.68
BMD4.68
|
$1.22
ISK168
|
|
| Bananas (1 lb) |
$2.88
BMD2.88
|
$1.03
ISK141
|
|
| Oranges (1 lb) |
$4.48
BMD4.48
|
$1.17
ISK161
|
|
| Tomatoes (1 lb) |
$4.31
BMD4.31
|
$1.87
ISK258
|
|
| Potatoes (1 lb) |
$4.04
BMD4.04
|
$1.23
ISK170
|
|
| Onions (1 lb) |
$2.60
BMD2.60
|
$0.78
ISK108
|
|
pay 5.4% less for transportation
|
Bermuda
|
Iceland
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$8.54
BMD8.54
|
$8.36
ISK1,151
|
|
| Monthly public transit pass |
$68.50
BMD68.50
|
$71.28
ISK9,812
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$35,000.00
BMD35,000.00
|
$40,660.66
ISK5,596,940
|
|
| Taxi trip in downtown area (5 miles) |
$36.61
BMD36.61
|
$22.04
ISK3,033
|
|
pay 44.1% less for housing
|
Bermuda
|
Iceland
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$130.94
BMD130.94
|
$72.17
ISK9,935
|
|
| 1-Bedroom apartment in downtown area |
$3,195.45
BMD3,195.45
|
$1,838.04
ISK253,006
|
|
| 1-Bedroom apartment outside city center |
$1,958.33
BMD1,958.33
|
$1,497.77
ISK206,168
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$168.39
BMD168.39
|
$58.01
ISK7,986
|
|
pay 78.0% less for childcare
|
Bermuda
|
Iceland
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$1,320.00
BMD1,320.00
|
$258.16
ISK35,536
|
|
| Middle school for 1 child, two semesters |
$24,571.43
BMD24,571.43
|
$5,993.99
ISK825,073
|
|
pay 17.9% less for entertainment and sports
|
Bermuda
|
Iceland
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$9.50
BMD9.50
|
$9.19
ISK1,265
|
|
| Cappuccino in mid-range area |
$5.44
BMD5.44
|
$4.65
ISK640
|
|
|
Pack of cigarettes
Marlboro or similar
|
$17.62
BMD17.62
|
$11.76
ISK1,618
|
|
| Monthly membership at local gym |
$120.17
BMD120.17
|
$61.46
ISK8,460
|
|
| Movie ticket to theater/cinema |
$13.00
BMD13.00
|
$14.35
ISK1,975
|
|
pay 30.2% more for clothing
|
Bermuda
|
Iceland
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$63.75
BMD63.75
|
$111.23
ISK15,311
|
|
|
Regular dress
from H&M or similar store
|
$70.00
BMD70.00
|
$59.69
ISK8,216
|
|
|
Running shoes
Nike or Adidas
|
$134.00
BMD134.00
|
$148.00
ISK20,372
|
|
| Men's business shoes (leather) |
$122.60
BMD122.60
|
$184.49
ISK25,396
|
|
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