Cost of living comparison
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.
If you lived in Reykjavik instead of Hamilton, you would:
pay 17.9% less for restaurants
|
Hamilton
|
Reykjavik
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$50.00
BMD50.00
|
$20.00
ISK2,545
|
|
|
Fast food combo meal
McDonalds, or similar
|
$15.00
BMD15.00
|
$18.02
ISK2,293
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$3.30
BMD3.30
|
$3.15
ISK401
|
|
| Bottle of water (11 fl. oz) |
$3.00
BMD3.00
|
$2.19
ISK278
|
|
pay 48.9% less for groceries
|
Hamilton
|
Reykjavik
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$8.28
BMD8.28
|
$3.61
ISK459
|
|
| Local cheese (8 oz) |
$7.59
BMD7.59
|
$7.76
ISK987
|
|
| Milk (1 gallon) |
$17.06
BMD17.06
|
$6.40
ISK815
|
|
|
Eggs
1 dozen
|
$7.24
BMD7.24
|
$5.76
ISK733
|
|
| Boneless chicken breast (1 lb) |
$11.11
BMD11.11
|
$9.45
ISK1,202
|
|
| Apples (1 lb) |
$4.68
BMD4.68
|
$1.40
ISK178
|
|
| Bananas (1 lb) |
$2.88
BMD2.88
|
$1.01
ISK128
|
|
| Oranges (1 lb) |
$4.61
BMD4.61
|
$1.22
ISK155
|
|
| Tomatoes (1 lb) |
$4.32
BMD4.32
|
$2.22
ISK283
|
|
| Potatoes (1 lb) |
$4.04
BMD4.04
|
$1.43
ISK183
|
|
| Onions (1 lb) |
$2.60
BMD2.60
|
$0.93
ISK119
|
|
pay 1.8% less for transportation
|
Hamilton
|
Reykjavik
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$8.77
BMD8.77
|
$8.50
ISK1,082
|
|
| Monthly public transit pass |
$69.00
BMD69.00
|
$74.95
ISK9,538
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$35,000.00
BMD35,000.00
|
$42,450.45
ISK5,401,820
|
|
| Taxi trip in downtown area (5 miles) |
$36.61
BMD36.61
|
$24.05
ISK3,060
|
|
pay 44.6% less for housing
|
Hamilton
|
Reykjavik
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$141.25
BMD141.25
|
$69.87
ISK8,890
|
|
| 1-Bedroom apartment in downtown area |
$3,336.36
BMD3,336.36
|
$1,971.17
ISK250,832
|
|
| 1-Bedroom apartment outside city center |
$2,225.00
BMD2,225.00
|
$1,803.44
ISK229,488
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$168.39
BMD168.39
|
$53.95
ISK6,866
|
|
pay 78.2% less for childcare
|
Hamilton
|
Reykjavik
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$1,320.00
BMD1,320.00
|
$252.14
ISK32,085
|
|
| Middle school for 1 child, two semesters |
$24,571.43
BMD24,571.43
|
$5,993.99
ISK762,736
|
|
pay 15.6% less for entertainment and sports
|
Hamilton
|
Reykjavik
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$10.00
BMD10.00
|
$10.81
ISK1,376
|
|
| Cappuccino in mid-range area |
$5.75
BMD5.75
|
$5.31
ISK675
|
|
|
Pack of cigarettes
Marlboro or similar
|
$17.62
BMD17.62
|
$12.25
ISK1,558
|
|
| Monthly membership at local gym |
$181.25
BMD181.25
|
$69.95
ISK8,901
|
|
| Movie ticket to theater/cinema |
$13.00
BMD13.00
|
$14.77
ISK1,880
|
|
pay 22.0% more for clothing
|
Hamilton
|
Reykjavik
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$75.00
BMD75.00
|
$108.97
ISK13,867
|
|
|
Regular dress
from H&M or similar store
|
$70.00
BMD70.00
|
$49.72
ISK6,327
|
|
|
Running shoes
Nike or Adidas
|
$134.00
BMD134.00
|
$151.85
ISK19,323
|
|
| Men's business shoes (leather) |
$122.60
BMD122.60
|
$194.16
ISK24,707
|
|
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