Last update: Oct 2026

Cost of Living Comparison Between Paget Parish and Reykjavik

For one person, living is cheaper in Reykjavik: $4,037 a month against $5,464 in Paget Parish, rent and utilities included – about $17,100 less a year. Rent and utilities account for most of the difference.

264

Cost of Living Index in Paget Parish
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Paget Parish Living Index
193

Cost of Living Index in Reykjavik
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Reykjavik Living Index

Jump to prices

Paget Parish

🇧🇲 Bermuda

$5,464

/mo nomad

Reykjavik

🇮🇸 Iceland

$4,037

/mo nomad

Monthly Cost of Living

How much you'll spend in Paget Parish 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 Paget Parish and in Reykjavik actually costs, broken down by who's living it.

Monthly costs for one person with rent: $5,464 in Paget Parish versus $4,037 in Reykjavik.

Paget Parish $5,464
Reykjavik $4,037

Estimated couple costs with rent: $9,812 in Paget Parish versus $5,666 in Reykjavik.

Paget Parish $9,812
Reykjavik $5,666

Monthly costs for a family of three with rent: $14.2K in Paget Parish versus $7,295 in Reykjavik.

Paget Parish $14.2K
Reykjavik $7,295

Living in Paget Parish is roughly 35% more expensive than in Reykjavik, and outside of rent the biggest gap is in utilities.

Both cities are pricier than the global median: Paget Parish 308% above, Reykjavik 201% above.

Meal at Budget Restaurant

$50.3 BMD 50.3

$30.59 ISK 3,730

64.50%

Three-Course Dinner for Two, Mid-Range

$150 BMD 150

$136 ISK 16.5K

10.62%

Fast Food Meal (McDonalds, etc)

$16.90 BMD 16.90

$27.08 ISK 3,302

-37.59%

Cappuccino

$6.31 BMD 6.31

$6.72 ISK 819

-6.10%

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

$3.09 BMD 3.09

$3.27 ISK 399

-5.50%

Water (0.33 liter bottle)

$3.16 BMD 3.16

$3.16 ISK 386

Local Beer (0.5 liter draught)

$7.57 BMD 7.57

$13.91 ISK 1,696

-45.58%

Imported Beer (0.33 liter bottle)

$8.83 BMD 8.83

$12.06 ISK 1,470

-26.78%

Milk (1 liter)

$5.01 BMD 5.01

$2.04 ISK 248

145.59%

White Bread (500g)

$8.07 BMD 8.07

$4.32 ISK 527

86.81%

Rice (white) (1kg)

$5.68 BMD 5.68

$3.67 ISK 447

54.77%

Eggs

$5.84 BMD 5.84

$7.02 ISK 856

-16.81%

Local Cheese (1kg)

$21.96 BMD 21.96

$22.01 ISK 2,684

-0.23%

Chicken Fillets (1kg)

$17.34 BMD 17.34

$24.70 ISK 3,012

-29.80%

Beef Round Steak (1kg)

$19.87 BMD 19.87

$42.66 ISK 5,202

-53.42%

Apples (1kg)

$8.81 BMD 8.81

$3.37 ISK 412

161.42%

Banana (1kg)

$6.48 BMD 6.48

$2.85 ISK 347

127.37%

Oranges (1kg)

$7.24 BMD 7.24

$3.17 ISK 387

128.39%

Tomato (1kg)

$8.36 BMD 8.36

$6.39 ISK 779

30.83%

Potato (1kg)

$5.53 BMD 5.53

$4.01 ISK 489

37.91%

Onion (1kg)

$4.09 BMD 4.09

$1.64 ISK 200

149.39%

Lettuce (1 head)

$6.33 BMD 6.33

$3.80 ISK 463

66.58%

Water (1.5 liter bottle)

$3.45 BMD 3.45

$1.74 ISK 212

98.28%

Cigarettes 20 Pack (Marlboro, Camel)

$18.05 BMD 18.05

$13.80 ISK 1,682

30.80%

Wine (Bottle)

$23.81 BMD 23.81

$23.38 ISK 2,851

1.84%

Local Beer (0.5 liter bottle)

$5.35 BMD 5.35

$3.53 ISK 430

51.56%

Imported Beer (0.33 liter bottle)

$4.17 BMD 4.17

$3.45 ISK 420

20.87%

One-way Ticket (Public Transport)

$4.48 BMD 4.48

$5.77 ISK 704

-22.36%

Public Transport Monthly Pass (Regular Price)

$95.1 ISK 11.6K

Taxi Start (Normal Tariff)

$6.37 BMD 6.37

$6.63 ISK 808

-3.92%

Taxi (Normal Tariff) (1km)

$3.05 BMD 3.05

$2.79 ISK 341

9.32%

Taxi 1hour Waiting (Normal Tariff)

$68.7 BMD 68.7

$81.4 ISK 9,923

-15.57%

Gasoline (1 liter)

$2.22 BMD 2.22

$2.11 ISK 257

5.21%

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

$20.4K BMD 20.4K

$50.8K ISK 6.2M

-59.94%

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

$35.7K BMD 35.7K

$52.7K ISK 6.4M

-32.31%

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

$284 BMD 284

$88.7 ISK 10.8K

220.10%

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

$149 BMD 149

$31.53 ISK 3,845

370.98%

Internet (50+ Mbps, Unlimited Data)

$122 BMD 122

$84.6 ISK 10.3K

44.31%

Gym Membership (Monthly)

$201 BMD 201

$100 ISK 12.2K

100.31%

Tennis Court (1 Hour on Weekend)

$48.20 ISK 5,877

Cinema Ticket

$13.48 BMD 13.48

$19.87 ISK 2,424

-32.16%

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

$1,321 BMD 1,321

$1,277 ISK 155.8K

3.44%

International Primary School, 1 Child (Yearly)

$25.3K BMD 25.3K

$31.0K ISK 3.8M

-18.39%

Jeans (Levis 501 Or Similar)

$90.3 BMD 90.3

$161 ISK 19.6K

-43.90%

Summer Dress (H&M, Zara, etc)

$70.8 BMD 70.8

$64.9 ISK 7,914

9.12%

Sport Shoes (Adidas, Nike)

$144 BMD 144

$183 ISK 22.3K

-21.29%

Men's Leather Business Shoes

$129 BMD 129

$254 ISK 31.0K

-49.08%

1-bedroom Apartment, City Center (Monthly)

$4,039 BMD 4,039

$2,499 ISK 304.8K

61.61%

1-bedroom Apartment, Outside City Center (Monthly)

$3,082 BMD 3,082

$2,000 ISK 243.9K

54.11%

3-bedroom Apartment, City Center (Monthly)

$8,371 BMD 8,371

$3,452 ISK 421.0K

142.51%

3-bedroom Apartment, Outside City Center (Monthly)

$8,899 BMD 8,899

$2,742 ISK 334.4K

224.49%

Buy Apartment in City Center (m2)

$8,001 ISK 975.7K

Buy Apartment Outside City Center (m2)

$6,015 BMD 6,015

$6,249 ISK 762.1K

-3.74%

Average Monthly Net Salary (After Tax)

$4,028 BMD 4,028

$4,691 ISK 572.0K

-14.13%

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 Paget Parish: 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

Paget Parish

$3.1K 56.8%

Reykjavik

$2K 50.9% 35.1% $1.1K

Groceries & Markets

Paget Parish

$717 13.2%

Reykjavik

$625 15.9% 12.8% $92

Eating Out

Paget Parish

$610 11.2%

Reykjavik

$526 13.4% 13.7% $84

Monthly Utilities & Internet

Paget Parish

$554 10.2%

Reykjavik

$205 5.2% 63.1% $350

Sport & Entertainment

Paget Parish

$228 4.2%

Reykjavik

$140 3.6% 38.5% $88

Clothing & Footwear

Paget Parish

$195 3.6%

Reykjavik

$298 7.6% 52.6% $103

Getting Around

Paget Parish

$40 * 0.7%

Reykjavik

$139 3.5% 251% $99

Categories marked with * are only partly priced – their share counts the items that do have prices.

Cost Breakdown

A one-bedroom apartment in the center runs $4,039 in Paget Parish and $2,499 in Reykjavik. Housing cost is often the main lever when comparing two cities.

Reykjavik pays 16% more on average while also being the cheaper of the two. The combined effect is a noticeably stronger local purchasing power.

Dining out: $150 in Paget Parish vs $136 in Reykjavik for a mid-range dinner for two. Groceries echo the gap at $717 vs $625 per month, with Reykjavik cheaper across the board.

Good to know

🇧🇲 Paget Parish

🇮🇸 Reykjavik

🕒 Local time

23:37 11:37 PM

02:37 2:37 AM

3 h ahead of Paget Parish

🌤 Weather

👥 Population

5,702

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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Highest

Between locations

Paget Parish Reykjavik 4,600 km ≈ 6 h nonstop flight

From you

Paget Parish
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

Paget Parish vs Reykjavik: Cost of Living - Frequently Asked Questions

Paget Parish and Reykjavik differ by about 35% in total monthly costs ($5,464 vs $4,037 including rent). Reykjavik is meaningfully more affordable – a gap that matters a lot on a fixed or modest income.

On paper, salaries run 16% lower in Reykjavik. That's worth factoring in alongside costs, though remote workers earning in a stronger currency may not notice the difference at all.

Rent for a central apartment: $4,039 in Paget Parish versus $2,499 in Reykjavik. Housing is usually the single largest factor when comparing overall living costs between the two.

Childcare runs $1,321 in Paget Parish versus $1,277 in Reykjavik. Over years of preschool, even a modest monthly gap compounds into a major financial factor for families.

Dining out is cheaper in Reykjavik – a meal for two runs $136 versus $150 in Paget Parish. If you eat out regularly, this makes a real dent in your monthly spending.

Both cities are expensive relative to $3,000. Reykjavik is the more realistic option, but even there you'll need to be disciplined with housing, food, and fun money.

Both cities offer a good standard of living with different trade-offs. Neither is objectively better – the right pick depends on what matters most: affordability, career, cultural scene, or climate.

Safety-wise, Paget Parish and Reykjavik are on par. Petty crime is typical for cities this size, and most residents feel comfortable going about their daily routines in either place.

Expats usually find Reykjavik gentler on the wallet – expenses run 35% less than in Paget Parish. Beyond cost, consider language, visa policies, and how big the international community is in each city.