Last update: Oct 2026

Cost of Living Comparison Between Hafnarfjordur and Nassau

For one person, living is cheaper in Hafnarfjordur: $3,877 a month against $4,356 in Nassau, rent and utilities included – about $5,700 less a year. Rent and utilities account for most of the difference.

186

Cost of Living Index in Hafnarfjordur
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Hafnarfjordur Living Index
211

Cost of Living Index in Nassau
Learn more

Nassau Living Index

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Hafnarfjordur

🇮🇸 Iceland

$3,877

/mo nomad

Nassau

🇧🇸 Bahamas

$4,356

/mo nomad

Monthly Cost of Living

How much you'll spend in Hafnarfjordur and in Nassau

Real prices from locals and on-the-ground checks – rent, groceries, transit and the daily extras. Here's what a month in Hafnarfjordur and in Nassau actually costs, broken down by who's living it.

A single person spends $3,877 per month in Hafnarfjordur vs $4,356 in Nassau, rent included.

Hafnarfjordur $3,877
Nassau $4,356

A couple spends around $5,400 per month in Hafnarfjordur vs $6,855 in Nassau, rent included.

Hafnarfjordur $5,400
Nassau $6,855

A family of three spends $6,923 per month in Hafnarfjordur vs $9,354 in Nassau, rent included.

Hafnarfjordur $6,923
Nassau $9,354

Hafnarfjordur is about 11% cheaper than Nassau, and outside of rent the biggest gap is in leisure.

Both Hafnarfjordur and Nassau sit above the global median – Hafnarfjordur by 187%, Nassau by 223%.

Meal at Budget Restaurant

$31.03 ISK 3,763

$39.05 BSD 39.05

-20.54%

Three-Course Dinner for Two, Mid-Range

$124 ISK 15.0K

$197 BSD 197

-37.19%

Fast Food Meal (McDonalds, etc)

$16.27 ISK 1,973

$11.96 BSD 11.96

36.04%

Cappuccino

$6.88 ISK 835

$5.34 BSD 5.34

28.84%

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

$3.27 ISK 396

$3.22 BSD 3.22

1.55%

Water (0.33 liter bottle)

$3.07 ISK 372

$1.98 BSD 1.98

55.05%

Local Beer (0.5 liter draught)

$14.18 ISK 1,720

$4.94 BSD 4.94

187.04%

Imported Beer (0.33 liter bottle)

$12.22 ISK 1,482

$9.03 BSD 9.03

35.33%

Milk (1 liter)

$1.70 ISK 207

$3.96 BSD 3.96

-57.07%

White Bread (500g)

$4.18 ISK 507

$5.66 BSD 5.66

-26.15%

Rice (white) (1kg)

$3.61 ISK 438

$7.10 BSD 7.10

-49.15%

Eggs

$7.19 ISK 872

$7.60 BSD 7.60

-5.39%

Local Cheese (1kg)

$21.88 ISK 2,654

$10.28 BSD 10.28

112.84%

Chicken Fillets (1kg)

$24.76 ISK 3,003

$17.88 BSD 17.88

38.48%

Beef Round Steak (1kg)

$42.29 ISK 5,130

$27.02 BSD 27.02

56.51%

Apples (1kg)

$3.41 ISK 413

$5.69 BSD 5.69

-40.07%

Banana (1kg)

$2.50 ISK 303

$3.60 BSD 3.60

-30.56%

Oranges (1kg)

$3.18 ISK 386

$5.20 BSD 5.20

-38.85%

Tomato (1kg)

$6.33 ISK 767

$10.63 BSD 10.63

-40.45%

Potato (1kg)

$3.87 ISK 469

$2.88 BSD 2.88

34.38%

Onion (1kg)

$1.69 ISK 205

$5.22 BSD 5.22

-67.62%

Lettuce (1 head)

$3.69 ISK 447

$4.86 BSD 4.86

-24.07%

Water (1.5 liter bottle)

$1.81 ISK 220

$2.77 BSD 2.77

-34.66%

Cigarettes 20 Pack (Marlboro, Camel)

$13.80 ISK 1,674

$14.76 BSD 14.76

-6.50%

Wine (Bottle)

$23.94 ISK 2,904

$34.09 BSD 34.09

-29.77%

Local Beer (0.5 liter bottle)

$3.54 ISK 430

$5.51 BSD 5.51

-35.75%

Imported Beer (0.33 liter bottle)

$3.43 ISK 416

$4.89 BSD 4.89

-29.86%

One-way Ticket (Public Transport)

$5.21 ISK 632

$2.54 BSD 2.54

105.12%

Public Transport Monthly Pass (Regular Price)

$85.4 ISK 10.4K

$151 BSD 151

-43.30%

Taxi Start (Normal Tariff)

$6.58 ISK 798

$7.79 BSD 7.79

-15.53%

Taxi (Normal Tariff) (1km)

$2.80 ISK 339

$2.92 BSD 2.92

-4.11%

Taxi 1hour Waiting (Normal Tariff)

$80.9 ISK 9,810

$49.38 BSD 49.38

63.79%

Gasoline (1 liter)

$2.04 ISK 248

$1.53 BSD 1.53

33.33%

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

$51.3K ISK 6.2M

$30.3K BSD 30.3K

69.13%

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

$53.3K ISK 6.5M

$44.5K BSD 44.5K

19.88%

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

$70.7 ISK 8,571

$401 BSD 401

-82.38%

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

$33.02 ISK 4,005

$71.9 BSD 71.9

-54.08%

Internet (50+ Mbps, Unlimited Data)

$87.0 ISK 10.6K

$111 BSD 111

-21.53%

Gym Membership (Monthly)

$64.9 ISK 7,870

$199 BSD 199

-67.38%

Tennis Court (1 Hour on Weekend)

$44.77 BSD 44.77

Cinema Ticket

$17.05 ISK 2,068

$20.28 BSD 20.28

-15.93%

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

$1,196 ISK 145.1K

$860 BSD 860

38.98%

International Primary School, 1 Child (Yearly)

$25.8K ISK 3.1M

$16.5K BSD 16.5K

56.28%

Jeans (Levis 501 Or Similar)

$124 ISK 15.0K

$48.93 BSD 48.93

152.71%

Summer Dress (H&M, Zara, etc)

$65.8 ISK 7,980

$119 BSD 119

-44.60%

Sport Shoes (Adidas, Nike)

$125 ISK 15.2K

$129 BSD 129

-3.07%

Men's Leather Business Shoes

$252 ISK 30.6K

$132 BSD 132

91.15%

1-bedroom Apartment, City Center (Monthly)

$2,498 ISK 302.9K

$1,484 BSD 1,484

68.36%

1-bedroom Apartment, Outside City Center (Monthly)

$2,087 ISK 253.1K

$2,023 BSD 2,023

3.13%

3-bedroom Apartment, City Center (Monthly)

$3,226 ISK 391.3K

$4,818 BSD 4,818

-33.03%

3-bedroom Apartment, Outside City Center (Monthly)

$2,607 ISK 316.2K

$3,906 BSD 3,906

-33.25%

Buy Apartment in City Center (m2)

$7,085 ISK 859.4K

$5,320 BSD 5,320

33.19%

Buy Apartment Outside City Center (m2)

$6,990 ISK 847.8K

$3,233 BSD 3,233

116.20%

Average Monthly Net Salary (After Tax)

$4,751 ISK 576.2K

$3,309 BSD 3,309

43.59%

20-Year Fixed Mortgage Interest Rate (Annual %)

8.81

7.38

19.38%

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

Last update for Hafnarfjordur: October 12, 2026

Last update for Nassau: October 11, 2026

Monthly budget structure

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

Accommodation & Living

Hafnarfjordur

$2.1K 53.8%

Nassau

$2K 46.5% 3% $63

Groceries & Markets

Hafnarfjordur

$619 16%

Nassau

$657 15.1% 6.3% $39

Eating Out

Hafnarfjordur

$500 12.9%

Nassau

$476 10.9% 4.9% $24

Clothing & Footwear

Hafnarfjordur

$255 6.6%

Nassau

$193 4.4% 24.4% $62

Monthly Utilities & Internet

Hafnarfjordur

$191 4.9%

Nassau

$584 13.4% 206% $393

Getting Around

Hafnarfjordur

$127 3.3%

Nassau

$183 4.2% 44.4% $56

Sport & Entertainment

Hafnarfjordur

$99 2.6%

Nassau

$239 5.5% 142% $140

Cost Breakdown

A central one-bedroom costs $2,498 in Hafnarfjordur versus $1,484 in Nassau. Rent is usually the largest line item in a monthly budget, so the gap here sets the tone for the overall comparison.

Salaries run about 44% higher in Hafnarfjordur, which reinforces the cost advantage – you earn more and spend less. Purchasing power leans clearly in its favor.

A mid-range dinner for two costs $124 in Hafnarfjordur versus $197 in Nassau. Monthly groceries follow the same trend: $619 vs $657 – making Hafnarfjordur the more affordable choice for daily food spending.

Good to know

🇮🇸 Hafnarfjordur

🇧🇸 Nassau

🕒 Local time

19:46 7:46 PM

15:46 3:46 PM

4 h behind Hafnarfjordur

🌤 Weather

👥 Population

31,525

259,300 Capital

💱 Currency

Icelandic Króna ISK kr

Bahamian Dollar BSD $

📈 Exchange rate

1,000 ISK = 8.24 USD

1,000 ISK = 7.33 EUR

1 BSD = 1 USD

1 BSD = 0.89 EUR

Exchange rates and currency converter

BSD, USD, EUR to ISK – Icelandic Króna Converter

🇺🇸 United States Dollar ($)

🇮🇸 Icelandic Króna (kr)

Icelandic Króna exchange rates as of October 18, 2026: 1 USD = 121 ISK (1,000 ISK = 8.24 USD). 1 EUR = 136 ISK (1,000 ISK = 7.33 EUR).

Bahamian Dollar exchange rates as of October 18, 2026: 1 USD = 1 BSD (1 BSD = 1 USD). 1 EUR = 1.12 BSD (1 BSD = 0.89 EUR).

USD to ISK in detail →

On the map

Lowest

Highest

Between locations

Hafnarfjordur Nassau 5,860 km ≈ 8 h nonstop flight

From you

Hafnarfjordur
Nassau

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

Hafnarfjordur vs Nassau: Cost of Living - Frequently Asked Questions

Nassau costs about 12% more than Hafnarfjordur, and outside of rent the gap comes mainly from leisure. That's enough to noticeably affect everyday spending and lifestyle for anyone choosing between the two.

For a comfortable life, plan on about $5,816 per month in Hafnarfjordur and $6,534 in Nassau. That covers rent, food, utilities, transport, and enough left over to feel settled – not just surviving.

Rent is clearly cheaper in Hafnarfjordur, especially for central apartments. Housing is actually the single biggest factor behind the overall cost gap between these two cities.

Monthly expenses with rent come to $3,877 in Hafnarfjordur and $4,356 in Nassau. That's a gap of about 12%.

Public transport costs about 76% less in Hafnarfjordur. For daily commuters, that gap adds up to noticeable savings over a year.

$2,000 is a stretch for both – monthly costs hit $3,877 in Hafnarfjordur and $4,356 in Nassau. You'll need shared housing and careful budgeting no matter which city you pick.

Families tend to lean toward Hafnarfjordur – lower housing and cheaper childcare make a real difference, especially on a single income or when paying for private education.

Both have safer and rougher neighborhoods, but overall safety is comparable to other large cities. Neighborhood choice matters more than the city-level comparison – central, well-trafficked areas feel secure in both.

If budget matters most, go with Hafnarfjordur. If higher salaries, better infrastructure, or specific career opportunities are the priority, Nassau makes more sense. Both are solid long-term options with distinct trade-offs.