Cost of living comparison

Hamilton, Bermuda

compared to

Reykjavik, Iceland

Reykjavik vs. Hamilton Cost of Living Summary

Reykjavik is 26.4% cheaper than Hamilton.

Restaurants: pay 17.9% less in Reykjavik
Groceries: pay 48.9% less in Reykjavik
Transportation: pay 1.8% less in Reykjavik
Housing: pay 44.6% less in Reykjavik
Childcare: pay 78.2% less in Reykjavik
Entertainment and Sports: pay 15.6% less in Reykjavik
Clothing: pay 22.0% more in Reykjavik

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

Reykjavik vs. Hamilton Cost Breakdown

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

Display currency: USD

pay 17.9% less for restaurants

	Hamilton	Reykjavik
Basic meal with drink at inexpensive restaurant	$50.00 BMD50.00	$20.00 ISK2,493	-60.0%
Fast food combo meal McDonalds, or similar	$15.00 BMD15.00	$18.02 ISK2,246	+20.1%
Bottle of Coca-Cola (11 fl. oz)	$3.30 BMD3.30	$3.15 ISK393	-4.4%
Bottle of water (11 fl. oz)	$3.00 BMD3.00	$2.19 ISK272	-27.2%
Average			-17.9%

Hamilton vs. Reykjavik - Cost of restaurants

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pay 48.9% less for groceries

	Hamilton	Reykjavik
Bread 1 loaf	$8.28 BMD8.28	$3.61 ISK450	-56.4%
Local cheese (8 oz)	$7.59 BMD7.59	$7.76 ISK967	+2.2%
Milk (1 gallon)	$17.06 BMD17.06	$6.40 ISK798	-62.5%
Eggs 1 dozen	$7.24 BMD7.24	$5.76 ISK718	-20.5%
Boneless chicken breast (1 lb)	$11.11 BMD11.11	$9.45 ISK1,178	-15.0%
Apples (1 lb)	$4.68 BMD4.68	$1.40 ISK175	-70.0%
Bananas (1 lb)	$2.88 BMD2.88	$1.01 ISK126	-65.0%
Oranges (1 lb)	$4.61 BMD4.61	$1.22 ISK152	-73.6%
Tomatoes (1 lb)	$4.32 BMD4.32	$2.22 ISK277	-48.5%
Potatoes (1 lb)	$4.04 BMD4.04	$1.43 ISK179	-64.5%
Onions (1 lb)	$2.60 BMD2.60	$0.93 ISK116	-64.0%
Average			-48.9%

Hamilton vs. Reykjavik - Cost of groceries

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pay 1.8% less for transportation

	Hamilton	Reykjavik
Gasoline (1 gallon)	$8.77 BMD8.77	$8.50 ISK1,060	-3.0%
Monthly public transit pass	$69.00 BMD69.00	$74.95 ISK9,343	+8.6%
New Volkswagen Golf 1.4 (standard edition)	$35,000.00 BMD35,000.00	$42,450.45 ISK5,291,449	+21.3%
Taxi trip in downtown area (5 miles)	$36.61 BMD36.61	$24.05 ISK2,998	-34.3%
Average			-1.8%

Hamilton vs. Reykjavik - Cost of transportation

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pay 44.6% less for housing

	Hamilton	Reykjavik
Internet connection 50 mbps or faster, cable/dsl	$141.25 BMD141.25	$69.87 ISK8,709	-50.5%
1-Bedroom apartment in downtown area	$3,336.36 BMD3,336.36	$1,971.17 ISK245,706	-40.9%
1-Bedroom apartment outside city center	$2,225.00 BMD2,225.00	$1,803.44 ISK224,799	-18.9%
Utilities for two (700 sq ft apartment) including electric, gas, water, heating	$168.39 BMD168.39	$53.95 ISK6,725	-68.0%
Average			-44.6%

Hamilton vs. Reykjavik - Cost of housing

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pay 78.2% less for childcare

	Hamilton	Reykjavik
Private preschool for 1 child, monthly	$1,320.00 BMD1,320.00	$252.14 ISK31,429	-80.9%
Middle school for 1 child, two semesters	$24,571.43 BMD24,571.43	$5,993.99 ISK747,151	-75.6%
Average			-78.2%

Hamilton vs. Reykjavik - Cost of childcare

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pay 15.6% less for entertainment and sports

	Hamilton	Reykjavik
Domestic/local beer (1 pint)	$10.00 BMD10.00	$10.81 ISK1,348	+8.1%
Cappuccino in mid-range area	$5.75 BMD5.75	$5.31 ISK661	-7.7%
Pack of cigarettes Marlboro or similar	$17.62 BMD17.62	$12.25 ISK1,526	-30.5%
Monthly membership at local gym	$181.25 BMD181.25	$69.95 ISK8,719	-61.4%
Movie ticket to theater/cinema	$13.00 BMD13.00	$14.77 ISK1,842	+13.7%
Average			-15.6%

Hamilton vs. Reykjavik - Cost of entertainment and sports

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pay 22.0% more for clothing

	Hamilton	Reykjavik
Regular jeans Levi's brand	$75.00 BMD75.00	$108.97 ISK13,583	+45.3%
Regular dress from H&M or similar store	$70.00 BMD70.00	$49.72 ISK6,198	-29.0%
Running shoes Nike or Adidas	$134.00 BMD134.00	$151.85 ISK18,929	+13.3%
Men's business shoes (leather)	$122.60 BMD122.60	$194.16 ISK24,202	+58.4%
Average			+22.0%

Hamilton vs. Reykjavik - 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: June 2025

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