Cost of living comparison

compared to

Iceland vs. Hamilton Cost of Living Summary

Iceland is 29.9% cheaper than Hamilton.

Restaurants: pay 23.9% less in Iceland
Groceries: pay 53.7% less in Iceland
Transportation: pay 6.2% less in Iceland
Housing: pay 48.0% less in Iceland
Childcare: pay 78.0% less in Iceland
Entertainment and Sports: pay 23.3% less in Iceland
Clothing: pay 23.6% more in Iceland

Expenses including childcare, groceries, housing, restaurants, entertainment and sports, and transportation are lower in Iceland.

Iceland vs. Hamilton Cost Breakdown

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

Display currency: USD

pay 23.9% less for restaurants

	Hamilton	Iceland
Basic meal with drink at inexpensive restaurant	$50.00 BMD50.00	$19.40 ISK2,689	-61.2%
Fast food combo meal McDonalds, or similar	$15.00 BMD15.00	$16.94 ISK2,348	+12.9%
Bottle of Coca-Cola (11 fl. oz)	$3.30 BMD3.30	$2.81 ISK390	-14.8%
Bottle of water (11 fl. oz)	$3.00 BMD3.00	$2.02 ISK280	-32.6%
Average			-23.9%

Hamilton vs. Iceland - Cost of restaurants

Improve prices · Change currency (USD)

pay 53.7% less for groceries

	Hamilton	Iceland
Bread 1 loaf	$8.28 BMD8.28	$2.95 ISK410	-64.3%
Local cheese (8 oz)	$7.59 BMD7.59	$7.27 ISK1,007	-4.3%
Milk (1 gallon)	$17.06 BMD17.06	$6.01 ISK833	-64.8%
Eggs 1 dozen	$7.24 BMD7.24	$5.42 ISK751	-25.1%
Boneless chicken breast (1 lb)	$11.11 BMD11.11	$8.51 ISK1,179	-23.4%
Apples (1 lb)	$4.68 BMD4.68	$1.22 ISK170	-73.9%
Bananas (1 lb)	$2.88 BMD2.88	$1.03 ISK142	-64.4%
Oranges (1 lb)	$4.61 BMD4.61	$1.17 ISK162	-74.6%
Tomatoes (1 lb)	$4.32 BMD4.32	$1.87 ISK260	-56.6%
Potatoes (1 lb)	$4.04 BMD4.04	$1.23 ISK171	-69.5%
Onions (1 lb)	$2.60 BMD2.60	$0.78 ISK109	-69.8%
Average			-53.7%

Hamilton vs. Iceland - Cost of groceries

Improve prices · Change currency (USD)

pay 6.2% less for transportation

	Hamilton	Iceland
Gasoline (1 gallon)	$8.77 BMD8.77	$8.36 ISK1,159	-4.6%
Monthly public transit pass	$69.00 BMD69.00	$71.28 ISK9,881	+3.3%
New Volkswagen Golf 1.4 (standard edition)	$35,000.00 BMD35,000.00	$40,660.66 ISK5,636,381	+16.2%
Taxi trip in downtown area (5 miles)	$36.61 BMD36.61	$22.04 ISK3,055	-39.8%
Average			-6.2%

Hamilton vs. Iceland - Cost of transportation

Improve prices · Change currency (USD)

pay 48.0% less for housing

	Hamilton	Iceland
Internet connection 50 mbps or faster, cable/dsl	$141.25 BMD141.25	$72.17 ISK10,005	-48.9%
1-Bedroom apartment in downtown area	$3,336.36 BMD3,336.36	$1,838.04 ISK254,789	-44.9%
1-Bedroom apartment outside city center	$2,225.00 BMD2,225.00	$1,497.77 ISK207,621	-32.7%
Utilities for two (700 sq ft apartment) including electric, gas, water, heating	$168.39 BMD168.39	$58.01 ISK8,042	-65.5%
Average			-48.0%

Hamilton vs. Iceland - Cost of housing

Improve prices · Change currency (USD)

pay 78.0% less for childcare

	Hamilton	Iceland
Private preschool for 1 child, monthly	$1,320.00 BMD1,320.00	$258.16 ISK35,787	-80.4%
Middle school for 1 child, two semesters	$24,571.43 BMD24,571.43	$5,993.99 ISK830,887	-75.6%
Average			-78.0%

Hamilton vs. Iceland - Cost of childcare

Improve prices · Change currency (USD)

pay 23.3% less for entertainment and sports

	Hamilton	Iceland
Domestic/local beer (1 pint)	$10.00 BMD10.00	$9.19 ISK1,274	-8.1%
Cappuccino in mid-range area	$5.75 BMD5.75	$4.65 ISK644	-19.2%
Pack of cigarettes Marlboro or similar	$17.62 BMD17.62	$11.76 ISK1,630	-33.3%
Monthly membership at local gym	$181.25 BMD181.25	$61.46 ISK8,520	-66.1%
Movie ticket to theater/cinema	$13.00 BMD13.00	$14.35 ISK1,989	+10.4%
Average			-23.3%

Hamilton vs. Iceland - Cost of entertainment and sports

Improve prices · Change currency (USD)

pay 23.6% more for clothing

	Hamilton	Iceland
Regular jeans Levi's brand	$75.00 BMD75.00	$111.23 ISK15,419	+48.3%
Regular dress from H&M or similar store	$70.00 BMD70.00	$59.69 ISK8,274	-14.7%
Running shoes Nike or Adidas	$134.00 BMD134.00	$148.00 ISK20,516	+10.4%
Men's business shoes (leather)	$122.60 BMD122.60	$184.49 ISK25,575	+50.5%
Average			+23.6%

Hamilton vs. Iceland - Cost of clothing

Improve prices · Change currency (USD)

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: January 2025

More cost comparisons

Hamilton vs.

Dublin

Hamilton vs.

Nairobi

Hamilton vs.

Wellington

Hamilton vs.

Kiev

Hamilton vs.

Manila

Hamilton vs.

Phnom Penh

Hamilton vs.

Berlin

Hamilton vs.

Canberra

Share this

Compare countries by overall cost of living

See the cost of living in Bermuda vs. Iceland. This provides a comparison of the average cost of living from cities within Bermuda and Iceland.

Help us improve these prices

MyLifeElsewhere is a collaborative project. Please enter price information for your location to help assist us in making these comparisons more accurate. Learn more

Add prices for Hamilton

Add prices for Iceland

ASK THE ELSEWHERE COMMUNITY

Join the Elsewhere community and ask a question about Iceland or Hamilton. It's a free, question-and-answer based forum to discuss what life is like in countries and cities around the world.