Last update: Oct 2026

Cost of Living Comparison Between Hamilton and Reykjavik

For one person, living is cheaper in Reykjavik: $4,037 a month against $5,131 in Hamilton, rent and utilities included – about $13,100 less a year. Rent and utilities account for most of the difference.

249

Cost of Living Index in Hamilton
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Hamilton Living Index
193

Cost of Living Index in Reykjavik
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Reykjavik Living Index

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Hamilton

🇧🇲 Bermuda

$5,131

/mo nomad

Reykjavik

🇮🇸 Iceland

$4,037

/mo nomad

Monthly Cost of Living

How much you'll spend in Hamilton and in Reykjavik

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

A single person spends $5,131 per month in Hamilton vs $4,037 in Reykjavik, rent included.

Hamilton $5,131
Reykjavik $4,037

A couple spends around $9,033 per month in Hamilton vs $5,666 in Reykjavik, rent included.

Hamilton $9,033
Reykjavik $5,666

A family of three spends $12.9K per month in Hamilton vs $7,295 in Reykjavik, rent included.

Hamilton $12.9K
Reykjavik $7,295

Hamilton costs about 27% more than Reykjavik, and outside of rent the biggest gap is in utilities.

Both Hamilton and Reykjavik sit above the global median – Hamilton by 283%, Reykjavik by 201%.

Meal at Budget Restaurant

$49.07 BMD 49.07

$30.59 ISK 3,730

60.41%

Three-Course Dinner for Two, Mid-Range

$153 BMD 153

$136 ISK 16.5K

12.72%

Fast Food Meal (McDonalds, etc)

$17.07 BMD 17.07

$27.08 ISK 3,302

-36.96%

Cappuccino

$6.34 BMD 6.34

$6.72 ISK 819

-5.65%

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

$2.98 BMD 2.98

$3.27 ISK 399

-8.87%

Water (0.33 liter bottle)

$3.17 BMD 3.17

$3.16 ISK 386

0.32%

Local Beer (0.5 liter draught)

$7.43 BMD 7.43

$13.91 ISK 1,696

-46.59%

Imported Beer (0.33 liter bottle)

$9.07 BMD 9.07

$12.06 ISK 1,470

-24.79%

Milk (1 liter)

$4.79 BMD 4.79

$2.04 ISK 248

134.80%

White Bread (500g)

$8.18 BMD 8.18

$4.32 ISK 527

89.35%

Rice (white) (1kg)

$5.45 BMD 5.45

$3.67 ISK 447

48.50%

Eggs

$7.23 BMD 7.23

$7.02 ISK 856

2.99%

Local Cheese (1kg)

$23.76 BMD 23.76

$22.01 ISK 2,684

7.95%

Chicken Fillets (1kg)

$21.05 BMD 21.05

$24.70 ISK 3,012

-14.78%

Beef Round Steak (1kg)

$19.59 BMD 19.59

$42.66 ISK 5,202

-54.08%

Apples (1kg)

$8.86 BMD 8.86

$3.37 ISK 412

162.91%

Banana (1kg)

$6.75 BMD 6.75

$2.85 ISK 347

136.84%

Oranges (1kg)

$7.34 BMD 7.34

$3.17 ISK 387

131.55%

Tomato (1kg)

$8.53 BMD 8.53

$6.39 ISK 779

33.49%

Potato (1kg)

$5.57 BMD 5.57

$4.01 ISK 489

38.90%

Onion (1kg)

$4.11 BMD 4.11

$1.64 ISK 200

150.61%

Lettuce (1 head)

$6.33 BMD 6.33

$3.80 ISK 463

66.58%

Water (1.5 liter bottle)

$3.43 BMD 3.43

$1.74 ISK 212

97.13%

Cigarettes 20 Pack (Marlboro, Camel)

$17.91 BMD 17.91

$13.80 ISK 1,682

29.78%

Wine (Bottle)

$24.06 BMD 24.06

$23.38 ISK 2,851

2.91%

Local Beer (0.5 liter bottle)

$5.18 BMD 5.18

$3.53 ISK 430

46.74%

Imported Beer (0.33 liter bottle)

$4.31 BMD 4.31

$3.45 ISK 420

24.93%

One-way Ticket (Public Transport)

$5.14 BMD 5.14

$5.77 ISK 704

-10.92%

Public Transport Monthly Pass (Regular Price)

$69.1 BMD 69.1

$95.1 ISK 11.6K

-27.35%

Taxi Start (Normal Tariff)

$6.39 BMD 6.39

$6.63 ISK 808

-3.62%

Taxi (Normal Tariff) (1km)

$2.91 BMD 2.91

$2.79 ISK 341

4.30%

Taxi 1hour Waiting (Normal Tariff)

$70.7 BMD 70.7

$81.4 ISK 9,923

-13.14%

Gasoline (1 liter)

$2.36 BMD 2.36

$2.11 ISK 257

11.85%

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

$38.2K BMD 38.2K

$50.8K ISK 6.2M

-24.83%

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

$43.3K BMD 43.3K

$52.7K ISK 6.4M

-17.92%

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

$293 BMD 293

$88.7 ISK 10.8K

230.35%

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

$151 BMD 151

$31.53 ISK 3,845

378.66%

Internet (50+ Mbps, Unlimited Data)

$163 BMD 163

$84.6 ISK 10.3K

92.19%

Gym Membership (Monthly)

$189 BMD 189

$100 ISK 12.2K

88.10%

Tennis Court (1 Hour on Weekend)

$14.76 BMD 14.76

$48.20 ISK 5,877

-69.38%

Cinema Ticket

$13.58 BMD 13.58

$19.87 ISK 2,424

-31.66%

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

$1,307 BMD 1,307

$1,277 ISK 155.8K

2.34%

International Primary School, 1 Child (Yearly)

$25.3K BMD 25.3K

$31.0K ISK 3.8M

-18.18%

Jeans (Levis 501 Or Similar)

$90.1 BMD 90.1

$161 ISK 19.6K

-44.00%

Summer Dress (H&M, Zara, etc)

$70.1 BMD 70.1

$64.9 ISK 7,914

7.94%

Sport Shoes (Adidas, Nike)

$140 BMD 140

$183 ISK 22.3K

-23.23%

Men's Leather Business Shoes

$130 BMD 130

$254 ISK 31.0K

-48.81%

1-bedroom Apartment, City Center (Monthly)

$3,943 BMD 3,943

$2,499 ISK 304.8K

57.77%

1-bedroom Apartment, Outside City Center (Monthly)

$2,641 BMD 2,641

$2,000 ISK 243.9K

32.04%

3-bedroom Apartment, City Center (Monthly)

$8,560 BMD 8,560

$3,452 ISK 421.0K

147.99%

3-bedroom Apartment, Outside City Center (Monthly)

$7,447 BMD 7,447

$2,742 ISK 334.4K

171.53%

Buy Apartment in City Center (m2)

$15.1K BMD 15.1K

$8,001 ISK 975.7K

89.09%

Buy Apartment Outside City Center (m2)

$8,947 BMD 8,947

$6,249 ISK 762.1K

43.18%

Average Monthly Net Salary (After Tax)

$6,487 BMD 6,487

$4,691 ISK 572.0K

38.29%

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 Hamilton: October 4, 2026

Last update for Reykjavik: October 4, 2026

Monthly budget structure

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

Accommodation & Living

Hamilton

$2.6K 51.6%

Reykjavik

$2K 50.9% 24.3% $641

Groceries & Markets

Hamilton

$747 14.6%

Reykjavik

$625 15.9% 16.3% $122

Monthly Utilities & Internet

Hamilton

$607 11.9%

Reykjavik

$205 5.2% 66.2% $402

Eating Out

Hamilton

$600 11.7%

Reykjavik

$526 13.4% 12.3% $74

Sport & Entertainment

Hamilton

$216 4.2%

Reykjavik

$140 3.6% 35.1% $76

Clothing & Footwear

Hamilton

$194 3.8%

Reykjavik

$298 7.6% 53.9% $104

Getting Around

Hamilton

$111 2.2%

Reykjavik

$139 3.5% 25.5% $28

Cost Breakdown

A central one-bedroom costs $3,943 in Hamilton versus $2,499 in Reykjavik. 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 38% higher in Hamilton, which partly offsets the higher cost of living there. Purchasing power depends on which expenses matter most to you.

A mid-range dinner for two costs $153 in Hamilton versus $136 in Reykjavik. Monthly groceries follow the same trend: $747 vs $625 – making Reykjavik the more affordable choice for daily food spending.

Good to know

🇧🇲 Hamilton

🇮🇸 Reykjavik

🕒 Local time

10:01 10:01 AM

13:01 1:01 PM

3 h ahead of Hamilton

🌤 Weather

👥 Population

10,000 Capital

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 = 7.32 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 = 7.32 EUR).

USD to BMD in detail →

On the map

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Between locations

Hamilton Reykjavik 4,590 km ≈ 6 h nonstop flight

From you

Hamilton
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

Hamilton vs Reykjavik: Cost of Living - Frequently Asked Questions

Monthly costs with rent: $5,131 in Hamilton, $4,037 in Reykjavik – roughly 27% apart. Outside of rent, the biggest gap is in utilities.

For a comfortable life, plan on about $7,696 per month in Hamilton and $6,055 in Reykjavik. That covers rent, food, utilities, transport, and enough left over to feel settled – not just surviving.

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

A mid-range dinner for two costs $153 in Hamilton and $136 in Reykjavik. That's a good indicator of the overall restaurant and café pricing gap between the two cities.

Monthly expenses with rent come to $5,131 in Hamilton and $4,037 in Reykjavik. That's a gap of about 27%.

$3,000 is a stretch for both – monthly costs hit $5,131 in Hamilton and $4,037 in Reykjavik. You'll need shared housing and careful budgeting no matter which city you pick.

It depends on your priorities. Hamilton has an edge in some lifestyle areas, with costs from $4,037 in Reykjavik to $5,131 in Hamilton. Climate, culture, job market, and personal taste all factor in.

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 Reykjavik. If higher salaries, better infrastructure, or specific career opportunities are the priority, Hamilton makes more sense. Both are solid long-term options with distinct trade-offs.