Cost of living comparison

compared to

Hamilton vs. Iceland Cost of Living Summary

Hamilton is 2.0 times more expensive than Iceland overall.

Restaurants: pay 53.0% more in Hamilton
Groceries: pay 2.6 times more in Hamilton
Transportation: pay 13.4% more in Hamilton
Housing: pay 2.0 times more in Hamilton
Childcare: pay 4.6 times more in Hamilton
Entertainment and Sports: pay 53.6% more in Hamilton
Clothing: pay 14.6% less in Hamilton

The cost of childcare, groceries, housing, entertainment and sports, restaurants, and transportation in Hamilton are more expensive than in Iceland. Notably, childcare, groceries, and housing are significantly more expensive in Hamilton.

Hamilton vs. Iceland Cost Breakdown

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

Display currency: USD

pay 53.0% more for restaurants

	Iceland	Hamilton
Basic meal with drink at inexpensive restaurant	$19.40 ISK2,689	$50.00 BMD50.00	+157.8%
Fast food combo meal McDonalds, or similar	$16.94 ISK2,348	$15.00 BMD15.00	-11.5%
Bottle of Coca-Cola (11 fl. oz)	$2.81 ISK390	$3.30 BMD3.30	+17.4%
Bottle of water (11 fl. oz)	$2.02 ISK280	$3.00 BMD3.00	+48.4%
Average			+53.0%

Iceland vs. Hamilton - Cost of restaurants

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pay 2.6 times more for groceries

	Iceland	Hamilton
Bread 1 loaf	$2.95 ISK410	$8.28 BMD8.28	+180.4%
Local cheese (8 oz)	$7.27 ISK1,007	$7.59 BMD7.59	+4.5%
Milk (1 gallon)	$6.01 ISK833	$17.06 BMD17.06	+184.1%
Eggs 1 dozen	$5.42 ISK751	$7.24 BMD7.24	+33.6%
Boneless chicken breast (1 lb)	$8.51 ISK1,179	$11.11 BMD11.11	+30.6%
Apples (1 lb)	$1.22 ISK170	$4.68 BMD4.68	+282.5%
Bananas (1 lb)	$1.03 ISK142	$2.88 BMD2.88	+180.6%
Oranges (1 lb)	$1.17 ISK162	$4.61 BMD4.61	+293.3%
Tomatoes (1 lb)	$1.87 ISK260	$4.32 BMD4.32	+130.5%
Potatoes (1 lb)	$1.23 ISK171	$4.04 BMD4.04	+227.4%
Onions (1 lb)	$0.78 ISK109	$2.60 BMD2.60	+231.1%
Average			+161.7%

Iceland vs. Hamilton - Cost of groceries

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pay 13.4% more for transportation

	Iceland	Hamilton
Gasoline (1 gallon)	$8.36 ISK1,159	$8.77 BMD8.77	+4.8%
Monthly public transit pass	$71.28 ISK9,881	$69.00 BMD69.00	-3.2%
New Volkswagen Golf 1.4 (standard edition)	$40,660.66 ISK5,636,381	$35,000.00 BMD35,000.00	-13.9%
Taxi trip in downtown area (5 miles)	$22.04 ISK3,055	$36.61 BMD36.61	+66.1%
Average			+13.4%

Iceland vs. Hamilton - Cost of transportation

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pay 2.0 times more for housing

	Iceland	Hamilton
Internet connection 50 mbps or faster, cable/dsl	$72.17 ISK10,005	$141.25 BMD141.25	+95.7%
1-Bedroom apartment in downtown area	$1,838.04 ISK254,789	$3,336.36 BMD3,336.36	+81.5%
1-Bedroom apartment outside city center	$1,497.77 ISK207,621	$2,225.00 BMD2,225.00	+48.6%
Utilities for two (700 sq ft apartment) including electric, gas, water, heating	$58.01 ISK8,042	$168.39 BMD168.39	+190.3%
Average			+104.0%

Iceland vs. Hamilton - Cost of housing

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pay 4.6 times more for childcare

	Iceland	Hamilton
Private preschool for 1 child, monthly	$258.16 ISK35,787	$1,320.00 BMD1,320.00	+411.3%
Middle school for 1 child, two semesters	$5,993.99 ISK830,887	$24,571.43 BMD24,571.43	+309.9%
Average			+360.6%

Iceland vs. Hamilton - Cost of childcare

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pay 53.6% more for entertainment and sports

	Iceland	Hamilton
Domestic/local beer (1 pint)	$9.19 ISK1,274	$10.00 BMD10.00	+8.8%
Cappuccino in mid-range area	$4.65 ISK644	$5.75 BMD5.75	+23.7%
Pack of cigarettes Marlboro or similar	$11.76 ISK1,630	$17.62 BMD17.62	+49.9%
Monthly membership at local gym	$61.46 ISK8,520	$181.25 BMD181.25	+194.9%
Movie ticket to theater/cinema	$14.35 ISK1,989	$13.00 BMD13.00	-9.4%
Average			+53.6%

Iceland vs. Hamilton - Cost of entertainment and sports

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pay 14.6% less for clothing

	Iceland	Hamilton
Regular jeans Levi's brand	$111.23 ISK15,419	$75.00 BMD75.00	-32.6%
Regular dress from H&M or similar store	$59.69 ISK8,274	$70.00 BMD70.00	+17.3%
Running shoes Nike or Adidas	$148.00 ISK20,516	$134.00 BMD134.00	-9.5%
Men's business shoes (leather)	$184.49 ISK25,575	$122.60 BMD122.60	-33.5%
Average			-14.6%

Iceland 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: January 2025

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