Last update: Oct 2026

Cost of Living Comparison Between Nassau and Hafnarfjordur

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.

211

Cost of Living Index in Nassau
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Nassau Living Index
186

Cost of Living Index in Hafnarfjordur
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Hafnarfjordur Living Index

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Nassau

🇧🇸 Bahamas

$4,356

/mo nomad

Hafnarfjordur

🇮🇸 Iceland

$3,877

/mo nomad

Monthly Cost of Living

How much you'll spend in Nassau and in Hafnarfjordur

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

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

Nassau $4,356
Hafnarfjordur $3,877

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

Nassau $6,855
Hafnarfjordur $5,400

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

Nassau $9,354
Hafnarfjordur $6,923

Nassau costs about 12% more than Hafnarfjordur, and outside of rent the biggest gap is in leisure.

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

Meal at Budget Restaurant

$39.05 BSD 39.05

$31.03 ISK 3,763

25.85%

Three-Course Dinner for Two, Mid-Range

$197 BSD 197

$124 ISK 15.0K

59.22%

Fast Food Meal (McDonalds, etc)

$11.96 BSD 11.96

$16.27 ISK 1,973

-26.49%

Cappuccino

$5.34 BSD 5.34

$6.88 ISK 835

-22.38%

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

$3.22 BSD 3.22

$3.27 ISK 396

-1.53%

Water (0.33 liter bottle)

$1.98 BSD 1.98

$3.07 ISK 372

-35.50%

Local Beer (0.5 liter draught)

$4.94 BSD 4.94

$14.18 ISK 1,720

-65.16%

Imported Beer (0.33 liter bottle)

$9.03 BSD 9.03

$12.22 ISK 1,482

-26.10%

Milk (1 liter)

$3.96 BSD 3.96

$1.70 ISK 207

132.94%

White Bread (500g)

$5.66 BSD 5.66

$4.18 ISK 507

35.41%

Rice (white) (1kg)

$7.10 BSD 7.10

$3.61 ISK 438

96.68%

Eggs

$7.60 BSD 7.60

$7.19 ISK 872

5.70%

Local Cheese (1kg)

$10.28 BSD 10.28

$21.88 ISK 2,654

-53.02%

Chicken Fillets (1kg)

$17.88 BSD 17.88

$24.76 ISK 3,003

-27.79%

Beef Round Steak (1kg)

$27.02 BSD 27.02

$42.29 ISK 5,130

-36.11%

Apples (1kg)

$5.69 BSD 5.69

$3.41 ISK 413

66.86%

Banana (1kg)

$3.60 BSD 3.60

$2.50 ISK 303

44.00%

Oranges (1kg)

$5.20 BSD 5.20

$3.18 ISK 386

63.52%

Tomato (1kg)

$10.63 BSD 10.63

$6.33 ISK 767

67.93%

Potato (1kg)

$2.88 BSD 2.88

$3.87 ISK 469

-25.58%

Onion (1kg)

$5.22 BSD 5.22

$1.69 ISK 205

208.88%

Lettuce (1 head)

$4.86 BSD 4.86

$3.69 ISK 447

31.71%

Water (1.5 liter bottle)

$2.77 BSD 2.77

$1.81 ISK 220

53.04%

Cigarettes 20 Pack (Marlboro, Camel)

$14.76 BSD 14.76

$13.80 ISK 1,674

6.96%

Wine (Bottle)

$34.09 BSD 34.09

$23.94 ISK 2,904

42.40%

Local Beer (0.5 liter bottle)

$5.51 BSD 5.51

$3.54 ISK 430

55.65%

Imported Beer (0.33 liter bottle)

$4.89 BSD 4.89

$3.43 ISK 416

42.57%

One-way Ticket (Public Transport)

$2.54 BSD 2.54

$5.21 ISK 632

-51.25%

Public Transport Monthly Pass (Regular Price)

$151 BSD 151

$85.4 ISK 10.4K

76.36%

Taxi Start (Normal Tariff)

$7.79 BSD 7.79

$6.58 ISK 798

18.39%

Taxi (Normal Tariff) (1km)

$2.92 BSD 2.92

$2.80 ISK 339

4.29%

Taxi 1hour Waiting (Normal Tariff)

$49.38 BSD 49.38

$80.9 ISK 9,810

-38.95%

Gasoline (1 liter)

$1.53 BSD 1.53

$2.04 ISK 248

-25.00%

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

$30.3K BSD 30.3K

$51.3K ISK 6.2M

-40.87%

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

$44.5K BSD 44.5K

$53.3K ISK 6.5M

-16.58%

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

$401 BSD 401

$70.7 ISK 8,571

467.62%

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

$71.9 BSD 71.9

$33.02 ISK 4,005

117.78%

Internet (50+ Mbps, Unlimited Data)

$111 BSD 111

$87.0 ISK 10.6K

27.44%

Gym Membership (Monthly)

$199 BSD 199

$64.9 ISK 7,870

206.60%

Tennis Court (1 Hour on Weekend)

$44.77 BSD 44.77

Cinema Ticket

$20.28 BSD 20.28

$17.05 ISK 2,068

18.94%

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

$860 BSD 860

$1,196 ISK 145.1K

-28.05%

International Primary School, 1 Child (Yearly)

$16.5K BSD 16.5K

$25.8K ISK 3.1M

-36.01%

Jeans (Levis 501 Or Similar)

$48.93 BSD 48.93

$124 ISK 15.0K

-60.43%

Summer Dress (H&M, Zara, etc)

$119 BSD 119

$65.8 ISK 7,980

80.51%

Sport Shoes (Adidas, Nike)

$129 BSD 129

$125 ISK 15.2K

3.17%

Men's Leather Business Shoes

$132 BSD 132

$252 ISK 30.6K

-47.68%

1-bedroom Apartment, City Center (Monthly)

$1,484 BSD 1,484

$2,498 ISK 302.9K

-40.60%

1-bedroom Apartment, Outside City Center (Monthly)

$2,023 BSD 2,023

$2,087 ISK 253.1K

-3.04%

3-bedroom Apartment, City Center (Monthly)

$4,818 BSD 4,818

$3,226 ISK 391.3K

49.33%

3-bedroom Apartment, Outside City Center (Monthly)

$3,906 BSD 3,906

$2,607 ISK 316.2K

49.82%

Buy Apartment in City Center (m2)

$5,320 BSD 5,320

$7,085 ISK 859.4K

-24.92%

Buy Apartment Outside City Center (m2)

$3,233 BSD 3,233

$6,990 ISK 847.8K

-53.75%

Average Monthly Net Salary (After Tax)

$3,309 BSD 3,309

$4,751 ISK 576.2K

-30.36%

20-Year Fixed Mortgage Interest Rate (Annual %)

7.38

8.81

-16.23%

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

Last update for Nassau: October 11, 2026

Last update for Hafnarfjordur: October 12, 2026

Monthly budget structure

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

Accommodation & Living

Nassau

$2K 46.5%

Hafnarfjordur

$2.1K 53.8% 3.1% $63

Groceries & Markets

Nassau

$657 15.1%

Hafnarfjordur

$619 16% 5.9% $39

Monthly Utilities & Internet

Nassau

$584 13.4%

Hafnarfjordur

$191 4.9% 67.3% $393

Eating Out

Nassau

$476 10.9%

Hafnarfjordur

$500 12.9% 5.1% $24

Sport & Entertainment

Nassau

$239 5.5%

Hafnarfjordur

$99 2.6% 58.7% $140

Clothing & Footwear

Nassau

$193 4.4%

Hafnarfjordur

$255 6.6% 32.2% $62

Getting Around

Nassau

$183 4.2%

Hafnarfjordur

$127 3.3% 30.8% $56

Cost Breakdown

A central one-bedroom costs $1,484 in Nassau versus $2,498 in Hafnarfjordur. 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 $197 in Nassau versus $124 in Hafnarfjordur. Monthly groceries follow the same trend: $657 vs $619 – making Hafnarfjordur the more affordable choice for daily food spending.

Good to know

🇧🇸 Nassau

🇮🇸 Hafnarfjordur

🕒 Local time

21:03 9:03 PM

01:03 1:03 AM

4 h ahead of Nassau

🌤 Weather

👥 Population

259,300 Capital

31,525

💱 Currency

Bahamian Dollar BSD $

Icelandic Króna ISK kr

📈 Exchange rate

1 BSD = 1 USD

1 BSD = 0.89 EUR

1,000 ISK = 8.24 USD

1,000 ISK = 7.33 EUR

Exchange rates and currency converter

ISK, USD, EUR to BSD – Bahamian Dollar Converter

🇺🇸 United States Dollar ($)

🇧🇸 Bahamian Dollar ($)

Bahamian Dollar exchange rates as of October 19, 2026: 1 USD = 1 BSD (1 BSD = 1 USD). 1 EUR = 1.12 BSD (1 BSD = 0.89 EUR).

Icelandic Króna exchange rates as of October 19, 2026: 1 USD = 121 ISK (1,000 ISK = 8.24 USD). 1 EUR = 136 ISK (1,000 ISK = 7.33 EUR).

USD to BSD in detail →

On the map

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Highest

Between locations

Nassau Hafnarfjordur 5,860 km ≈ 8 h nonstop flight

From you

Nassau
Hafnarfjordur

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

Nassau vs Hafnarfjordur: 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 $6,534 per month in Nassau and $5,816 in Hafnarfjordur. 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 $4,356 in Nassau and $3,877 in Hafnarfjordur. 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 $4,356 in Nassau and $3,877 in Hafnarfjordur. 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.