Last update: Oct 2026

Cost of Living Comparison Between Pembroke and Reykjavik

For one person, living is cheaper in Pembroke: $2,355 a month against $4,037 in Reykjavik, rent and utilities included – about $20,200 less a year. Higher rent and utilities in Reykjavik outweigh lower spending on other living expenses.

115

Cost of Living Index in Pembroke
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Pembroke Living Index
193

Cost of Living Index in Reykjavik
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Reykjavik Living Index

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Pembroke

🇧🇲 Bermuda

$2,355

/mo nomad

Reykjavik

🇮🇸 Iceland

$4,037

/mo nomad

Monthly Cost of Living

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

Monthly costs for one person with rent: $2,355 in Pembroke versus $4,037 in Reykjavik.

Pembroke $2,355
Reykjavik $4,037

Estimated couple costs with rent: $3,881 in Pembroke versus $5,666 in Reykjavik.

Pembroke $3,881
Reykjavik $5,666

Monthly costs for a family of three with rent: $5,406 in Pembroke versus $7,295 in Reykjavik.

Pembroke $5,406
Reykjavik $7,295

Living in Pembroke costs roughly 42% less than in Reykjavik, and outside of rent the biggest gap is in utilities.

Both cities are pricier than the global median: Pembroke 76% above, Reykjavik 201% above.

Meal at Budget Restaurant

$50.6 BMD 50.6

$30.59 ISK 3,730

65.32%

Three-Course Dinner for Two, Mid-Range

$151 BMD 151

$136 ISK 16.5K

11.48%

Fast Food Meal (McDonalds, etc)

$16.82 BMD 16.82

$27.08 ISK 3,302

-37.89%

Cappuccino

$4.45 BMD 4.45

$6.72 ISK 819

-33.78%

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

$2.98 BMD 2.98

$3.27 ISK 399

-8.87%

Water (0.33 liter bottle)

$3.18 BMD 3.18

$3.16 ISK 386

0.63%

Local Beer (0.5 liter draught)

$7.66 BMD 7.66

$13.91 ISK 1,696

-44.93%

Imported Beer (0.33 liter bottle)

$9.09 BMD 9.09

$12.06 ISK 1,470

-24.63%

Milk (1 liter)

$4.82 BMD 4.82

$2.04 ISK 248

136.27%

White Bread (500g)

$7.95 BMD 7.95

$4.32 ISK 527

84.03%

Rice (white) (1kg)

$5.57 BMD 5.57

$3.67 ISK 447

51.77%

Eggs

$7.35 BMD 7.35

$7.02 ISK 856

4.70%

Local Cheese (1kg)

$23.15 BMD 23.15

$22.01 ISK 2,684

5.18%

Chicken Fillets (1kg)

$21.62 BMD 21.62

$24.70 ISK 3,012

-12.47%

Beef Round Steak (1kg)

$19.72 BMD 19.72

$42.66 ISK 5,202

-53.77%

Apples (1kg)

$8.94 BMD 8.94

$3.37 ISK 412

165.28%

Banana (1kg)

$6.69 BMD 6.69

$2.85 ISK 347

134.74%

Oranges (1kg)

$7.01 BMD 7.01

$3.17 ISK 387

121.14%

Tomato (1kg)

$8.56 BMD 8.56

$6.39 ISK 779

33.96%

Potato (1kg)

$5.81 BMD 5.81

$4.01 ISK 489

44.89%

Onion (1kg)

$4.12 BMD 4.12

$1.64 ISK 200

151.22%

Lettuce (1 head)

$6.22 BMD 6.22

$3.80 ISK 463

63.68%

Water (1.5 liter bottle)

$3.56 BMD 3.56

$1.74 ISK 212

104.60%

Cigarettes 20 Pack (Marlboro, Camel)

$17.84 BMD 17.84

$13.80 ISK 1,682

29.28%

Wine (Bottle)

$24.41 BMD 24.41

$23.38 ISK 2,851

4.41%

Local Beer (0.5 liter bottle)

$5.32 BMD 5.32

$3.53 ISK 430

50.71%

Imported Beer (0.33 liter bottle)

$4.27 BMD 4.27

$3.45 ISK 420

23.77%

One-way Ticket (Public Transport)

$5.77 ISK 704

Public Transport Monthly Pass (Regular Price)

$129 BMD 129

$95.1 ISK 11.6K

35.36%

Taxi Start (Normal Tariff)

$6.69 BMD 6.69

$6.63 ISK 808

0.90%

Taxi (Normal Tariff) (1km)

$2.43 BMD 2.43

$2.79 ISK 341

-12.90%

Taxi 1hour Waiting (Normal Tariff)

$69.1 BMD 69.1

$81.4 ISK 9,923

-15.07%

Gasoline (1 liter)

$2.42 BMD 2.42

$2.11 ISK 257

14.69%

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

$36.8K BMD 36.8K

$50.8K ISK 6.2M

-27.59%

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

$43.5K BMD 43.5K

$52.7K ISK 6.4M

-17.48%

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

$286 BMD 286

$88.7 ISK 10.8K

222.14%

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

$151 BMD 151

$31.53 ISK 3,845

377.32%

Internet (50+ Mbps, Unlimited Data)

$161 BMD 161

$84.6 ISK 10.3K

89.98%

Gym Membership (Monthly)

$80.2 BMD 80.2

$100 ISK 12.2K

-20.09%

Tennis Court (1 Hour on Weekend)

$48.20 ISK 5,877

Cinema Ticket

$13.32 BMD 13.32

$19.87 ISK 2,424

-32.96%

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

$1,324 BMD 1,324

$1,277 ISK 155.8K

3.67%

International Primary School, 1 Child (Yearly)

$24.7K BMD 24.7K

$31.0K ISK 3.8M

-20.28%

Jeans (Levis 501 Or Similar)

$90.5 BMD 90.5

$161 ISK 19.6K

-43.75%

Summer Dress (H&M, Zara, etc)

$71.2 BMD 71.2

$64.9 ISK 7,914

9.65%

Sport Shoes (Adidas, Nike)

$141 BMD 141

$183 ISK 22.3K

-23.00%

Men's Leather Business Shoes

$128 BMD 128

$254 ISK 31.0K

-49.61%

1-bedroom Apartment, City Center (Monthly)

$3,765 BMD 3,765

$2,499 ISK 304.8K

50.63%

1-bedroom Apartment, Outside City Center (Monthly)

$2,000 ISK 243.9K

3-bedroom Apartment, City Center (Monthly)

$3,452 ISK 421.0K

3-bedroom Apartment, Outside City Center (Monthly)

$2,742 ISK 334.4K

Buy Apartment in City Center (m2)

$8,001 ISK 975.7K

Buy Apartment Outside City Center (m2)

$6,249 ISK 762.1K

Average Monthly Net Salary (After Tax)

$7,935 BMD 7,935

$4,691 ISK 572.0K

69.16%

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 Pembroke: October 5, 2026

Last update for Reykjavik: October 4, 2026

Monthly budget structure

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

Groceries & Markets

Pembroke

$749 31.4%

Reykjavik

$625 15.9% 16.6% $124

Monthly Utilities & Internet

Pembroke

$597 25%

Reykjavik

$205 5.2% 65.7% $392

Eating Out

Pembroke

$590 24.7%

Reykjavik

$526 13.4% 10.8% $64

Clothing & Footwear

Pembroke

$194 8.1%

Reykjavik

$298 7.6% 53.9% $104

Getting Around

Pembroke

$148 * 6.2%

Reykjavik

$139 3.5% 5.9% $8.8

Sport & Entertainment

Pembroke

$107 4.5%

Reykjavik

$140 3.6% 31.1% $33

Accommodation & Living

Pembroke

- * 0%

Reykjavik

$2K 50.9%

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 $3,765 in Pembroke and $2,499 in Reykjavik. Housing cost is often the main lever when comparing two cities.

Pembroke pays 69% more on average while also being the cheaper of the two. The combined effect is a noticeably stronger local purchasing power.

Dining out: $151 in Pembroke vs $136 in Reykjavik for a mid-range dinner for two. Groceries echo the gap at $749 vs $625 per month, with Reykjavik cheaper across the board.

Good to know

🇧🇲 Pembroke

🇮🇸 Reykjavik

🕒 Local time

04:43 4:43 AM

07:43 7:43 AM

3 h ahead of Pembroke

🌤 Weather

👥 Population

11,160

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

Pembroke Reykjavik 4,590 km ≈ 6 h nonstop flight

From you

Pembroke
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

Pembroke vs Reykjavik: Cost of Living - Frequently Asked Questions

Pembroke wins on cost – living expenses run 71% lower than in Reykjavik. Housing and daily spending are where you'll feel the difference most, making Pembroke the obvious pick if budget is a priority.

Average pay runs 69% higher in Pembroke, which matters when comparing affordability. Whether that higher income actually nets you more depends on your spending habits and housing choices.

Rent for a central apartment: $3,765 in Pembroke versus $2,499 in Reykjavik. Housing is usually the single largest factor when comparing overall living costs between the two.

Childcare runs $1,324 in Pembroke versus $1,277 in Reykjavik. Over years of preschool, even a modest monthly gap compounds into a major financial factor for families.

Shoppers in Reykjavik pay roughly 20% less for everyday groceries. It's an unusual reversal that partly offsets higher costs elsewhere.

Both cities are expensive relative to $2,000. Pembroke is the more realistic option, but even there you'll need to be disciplined with housing, food, and fun money.

Both work as nomad bases, but Pembroke delivers better value – similar infrastructure at $2,355 monthly. If stretching your runway or maximizing savings is the goal, the price difference makes Pembroke hard to pass up.

Safety-wise, Pembroke 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 Pembroke gentler on the wallet – expenses run 71% less than in Reykjavik. Beyond cost, consider language, visa policies, and how big the international community is in each city.