Last update: Oct 2026

Cost of Living Comparison Between Bermuda and Reykjavik

For one person, living is cheaper in Reykjavik: $4,037 a month against $5,272 in Bermuda, rent and utilities included – about $14,800 less a year. Rent and utilities account for most of the difference.

253

Cost of Living Index in Bermuda
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Bermuda Living Index
193

Cost of Living Index in Reykjavik
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Reykjavik Living Index

Jump to prices

🇧🇲 Bermuda

$5,272

/mo nomad

Reykjavik

🇮🇸 Iceland

$4,037

/mo nomad

😐 Solo nomad: Bermuda is 25.5% more expensive than Reykjavik without rent, and 30.6% more expensive with rent.

😐 Family of 3: Bermuda is 19.4% more expensive than Reykjavik without rent, and 73.8% more expensive with rent.

Meal at Budget Restaurant

$55.1 BMD 55.1

$30.59 ISK 3,730

80.19%

Three-Course Dinner for Two, Mid-Range

$151 BMD 151

$136 ISK 16.5K

11.78%

Fast Food Meal (McDonalds, etc)

$17.67 BMD 17.67

$27.08 ISK 3,302

-34.75%

Cappuccino

$6.68 BMD 6.68

$6.72 ISK 819

-0.60%

Coke/Pepsi/Fanta/Sprite (0.33 liter bottle)

$3.35 BMD 3.35

$3.27 ISK 399

2.45%

Water (0.33 liter bottle)

$3.31 BMD 3.31

$3.16 ISK 386

4.75%

Local Beer (0.5 liter draught)

$7.87 BMD 7.87

$13.91 ISK 1,696

-43.42%

Imported Beer (0.33 liter bottle)

$8.78 BMD 8.78

$12.06 ISK 1,470

-27.20%

Milk (1 liter)

$5.02 BMD 5.02

$2.04 ISK 248

146.08%

White Bread (500g)

$8.24 BMD 8.24

$4.32 ISK 527

90.74%

Rice (white) (1kg)

$5.27 BMD 5.27

$3.67 ISK 447

43.60%

Eggs

$7.64 BMD 7.64

$7.02 ISK 856

8.83%

Local Cheese (1kg)

$18.30 BMD 18.30

$22.01 ISK 2,684

-16.86%

Chicken Fillets (1kg)

$21.89 BMD 21.89

$24.70 ISK 3,012

-11.38%

Beef Round Steak (1kg)

$24.22 BMD 24.22

$42.66 ISK 5,202

-43.23%

Apples (1kg)

$12.33 BMD 12.33

$3.37 ISK 412

265.88%

Banana (1kg)

$7.51 BMD 7.51

$2.85 ISK 347

163.51%

Oranges (1kg)

$9.42 BMD 9.42

$3.17 ISK 387

197.16%

Tomato (1kg)

$10.70 BMD 10.70

$6.39 ISK 779

67.45%

Potato (1kg)

$7.68 BMD 7.68

$4.01 ISK 489

91.52%

Onion (1kg)

$8.01 BMD 8.01

$1.64 ISK 200

388.41%

Lettuce (1 head)

$6.28 BMD 6.28

$3.80 ISK 463

65.26%

Water (1.5 liter bottle)

$4.53 BMD 4.53

$1.74 ISK 212

160.34%

Cigarettes 20 Pack (Marlboro, Camel)

$18.95 BMD 18.95

$13.80 ISK 1,682

37.32%

Wine (Bottle)

$24.92 BMD 24.92

$23.38 ISK 2,851

6.59%

Local Beer (0.5 liter bottle)

$7.29 BMD 7.29

$3.53 ISK 430

106.52%

Imported Beer (0.33 liter bottle)

$4.30 BMD 4.30

$3.45 ISK 420

24.64%

One-way Ticket (Public Transport)

$5.14 BMD 5.14

$5.77 ISK 704

-10.92%

Public Transport Monthly Pass (Regular Price)

$70.1 BMD 70.1

$95.1 ISK 11.6K

-26.35%

Taxi Start (Normal Tariff)

$6.66 BMD 6.66

$6.63 ISK 808

0.45%

Taxi (Normal Tariff) (1km)

$2.52 BMD 2.52

$2.79 ISK 341

-9.68%

Taxi 1hour Waiting (Normal Tariff)

$70.1 BMD 70.1

$81.4 ISK 9,923

-13.83%

Gasoline (1 liter)

$2.16 BMD 2.16

$2.11 ISK 257

2.37%

Midsize Hatchback 1.4l (Volkswagen Golf, Toyota Prius, Honda Civic, etc)

$35.1K BMD 35.1K

$50.8K ISK 6.2M

-30.90%

Compact Sedan 1.6l (Toyota Corolla, Mazda3, Kia K4, Hyundai Elantra, etc)

$40.8K BMD 40.8K

$52.7K ISK 6.4M

-22.69%

Utilities for 2 People in 2-bedroom Apartment (Heating, Electricity, Gas, Water, Garbage) (85m2)

$289 BMD 289

$88.7 ISK 10.8K

226.22%

SIM Card Monthly Plan (Calls and 10GB+ Data)

$157 BMD 157

$31.53 ISK 3,845

396.73%

Internet (50+ Mbps, Unlimited Data)

$161 BMD 161

$84.6 ISK 10.3K

89.72%

Gym Membership (Monthly)

$189 BMD 189

$100 ISK 12.2K

88.04%

Tennis Court (1 Hour on Weekend)

$15.08 BMD 15.08

$48.20 ISK 5,877

-68.71%

Cinema Ticket

$13.29 BMD 13.29

$19.87 ISK 2,424

-33.12%

Preschool or Kindergarten, Full Day, Private, 1 Child (Monthly)

$1,315 BMD 1,315

$1,277 ISK 155.8K

2.94%

International Primary School, 1 Child (Yearly)

$24.6K BMD 24.6K

$31.0K ISK 3.8M

-20.63%

Jeans (Levis 501 Or Similar)

$89.0 BMD 89.0

$161 ISK 19.6K

-44.67%

Summer Dress (H&M, Zara, etc)

$69.5 BMD 69.5

$64.9 ISK 7,914

7.09%

Sport Shoes (Adidas, Nike)

$144 BMD 144

$183 ISK 22.3K

-21.35%

Men's Leather Business Shoes

$128 BMD 128

$254 ISK 31.0K

-49.57%

1-bedroom Apartment, City Center (Monthly)

$3,595 BMD 3,595

$2,499 ISK 304.8K

43.84%

1-bedroom Apartment, Outside City Center (Monthly)

$2,554 BMD 2,554

$2,000 ISK 243.9K

27.71%

3-bedroom Apartment, City Center (Monthly)

$8,175 BMD 8,175

$3,452 ISK 421.0K

136.83%

3-bedroom Apartment, Outside City Center (Monthly)

$7,064 BMD 7,064

$2,742 ISK 334.4K

157.59%

Buy Apartment in City Center (m2)

$14.9K BMD 14.9K

$8,001 ISK 975.7K

86.10%

Buy Apartment Outside City Center (m2)

$8,923 BMD 8,923

$6,249 ISK 762.1K

42.79%

Average Monthly Net Salary (After Tax)

$6,948 BMD 6,948

$4,691 ISK 572.0K

48.12%

20-Year Fixed Mortgage Interest Rate (Annual %)

8.63

8.81

-2.04%

CityCost data is based on AI and user input – minor inaccuracies may occur.

Last update for Bermuda: October 5, 2026

Last update for Reykjavik: October 4, 2026

Monthly budget structure

Share of the monthly basket for one person, rent included.

Accommodation & Living

Bermuda

$2.6K 49.4%

Reykjavik

$2K 50.9% 21.7% $554

Groceries & Markets

Bermuda

$832 16.1%

Reykjavik

$625 15.9% 24.9% $207

Eating Out

Bermuda

$658 12.7%

Reykjavik

$526 13.4% 20% $132

Monthly Utilities & Internet

Bermuda

$606 11.7%

Reykjavik

$205 5.2% 66.2% $402

Sport & Entertainment

Bermuda

$215 4.2%

Reykjavik

$140 3.6% 34.9% $75

Clothing & Footwear

Bermuda

$194 3.7%

Reykjavik

$298 7.6% 54% $104

Getting Around

Bermuda

$110 2.1%

Reykjavik

$139 3.5% 26.3% $29

Good to know

🇧🇲 Bermuda

🇮🇸 Reykjavik

🕒 Local time

22:40 10:40 PM

01:40 1:40 AM

3 h ahead of Bermuda

🌤 Weather

👥 Population

65,024

136,894 Capital

💱 Currency

Bermudian Dollar BMD $

Icelandic Króna ISK kr

📈 Exchange rate

1 BMD = 1 USD

1 BMD = 0.892 EUR

1,000 ISK = 8.2 USD

1,000 ISK = 7.31 EUR

Exchange rates and currency converter

ISK, USD, EUR to BMD – Bermudian Dollar Converter

🇺🇸 United States Dollar ($)

🇧🇲 Bermudian Dollar ($)

Bermudian Dollar exchange rates as of October 10, 2026: 1 USD = 1 BMD (1 BMD = 1 USD). 1 EUR = 1.12 BMD (1 BMD = 0.892 EUR).

Icelandic Króna exchange rates as of October 10, 2026: 1 USD = 122 ISK (1,000 ISK = 8.2 USD). 1 EUR = 137 ISK (1,000 ISK = 7.31 EUR).

USD to BMD in detail →

On the map

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Between locations

Bermuda Reykjavik 4,590 km ≈ 6 h nonstop flight

From you

Bermuda
Reykjavik

Distances are measured in a straight line. Your location is detected approximately.

City Median Internet Speeds Comparison (Updated April 2026)

The chart highlights the Precision Threshold for mobile and fixed broadband internet speeds, updated quarterly.

Digital Nomad Cost of Living Index

Bermuda vs other spots: cost of living compared

Cost of Living Comparison Between Bermuda and Reykjavik

ISK, USD, EUR to BMD – Bermudian Dollar Converter

City Median Internet Speeds Comparison (Updated April 2026)

Bermuda

Reykjavik

Bermuda

Reykjavik

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