Last update: Oct 2026

Cost of Living Comparison Between Reykjavik and Bermuda

Name: Bermuda
Address: BM

For one person, living is cheaper in Reykjavik: $4,037 a month against $5,272 in Bermuda, rent and utilities included – about $14,800 less a year. Rent and utilities account for most of the difference.

193

Cost of Living Index in Reykjavik
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Reykjavik Living Index
253

Cost of Living Index in Bermuda
Learn more

Bermuda Living Index

Jump to prices

Reykjavik

🇮🇸 Iceland

$4,037

/mo nomad

🇧🇲 Bermuda

$5,272

/mo nomad

🙂 Solo nomad: Reykjavik is 20.3% cheaper than Bermuda without rent, and 23.4% cheaper with rent.

🙂 Family of 3: Reykjavik is 16.2% cheaper than Bermuda without rent, and 42.5% cheaper with rent.

Meal at Budget Restaurant

$30.59 ISK 3,730

$55.1 BMD 55.1

-44.50%

Three-Course Dinner for Two, Mid-Range

$136 ISK 16.5K

$151 BMD 151

-10.54%

Fast Food Meal (McDonalds, etc)

$27.08 ISK 3,302

$17.67 BMD 17.67

53.25%

Cappuccino

$6.72 ISK 819

$6.68 BMD 6.68

0.60%

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

$3.27 ISK 399

$3.35 BMD 3.35

-2.39%

Water (0.33 liter bottle)

$3.16 ISK 386

$3.31 BMD 3.31

-4.53%

Local Beer (0.5 liter draught)

$13.91 ISK 1,696

$7.87 BMD 7.87

76.75%

Imported Beer (0.33 liter bottle)

$12.06 ISK 1,470

$8.78 BMD 8.78

37.36%

Milk (1 liter)

$2.04 ISK 248

$5.02 BMD 5.02

-59.36%

White Bread (500g)

$4.32 ISK 527

$8.24 BMD 8.24

-47.57%

Rice (white) (1kg)

$3.67 ISK 447

$5.27 BMD 5.27

-30.36%

Eggs

$7.02 ISK 856

$7.64 BMD 7.64

-8.12%

Local Cheese (1kg)

$22.01 ISK 2,684

$18.30 BMD 18.30

20.27%

Chicken Fillets (1kg)

$24.70 ISK 3,012

$21.89 BMD 21.89

12.84%

Beef Round Steak (1kg)

$42.66 ISK 5,202

$24.22 BMD 24.22

76.14%

Apples (1kg)

$3.37 ISK 412

$12.33 BMD 12.33

-72.67%

Banana (1kg)

$2.85 ISK 347

$7.51 BMD 7.51

-62.05%

Oranges (1kg)

$3.17 ISK 387

$9.42 BMD 9.42

-66.35%

Tomato (1kg)

$6.39 ISK 779

$10.70 BMD 10.70

-40.28%

Potato (1kg)

$4.01 ISK 489

$7.68 BMD 7.68

-47.79%

Onion (1kg)

$1.64 ISK 200

$8.01 BMD 8.01

-79.53%

Lettuce (1 head)

$3.80 ISK 463

$6.28 BMD 6.28

-39.49%

Water (1.5 liter bottle)

$1.74 ISK 212

$4.53 BMD 4.53

-61.59%

Cigarettes 20 Pack (Marlboro, Camel)

$13.80 ISK 1,682

$18.95 BMD 18.95

-27.18%

Wine (Bottle)

$23.38 ISK 2,851

$24.92 BMD 24.92

-6.18%

Local Beer (0.5 liter bottle)

$3.53 ISK 430

$7.29 BMD 7.29

-51.58%

Imported Beer (0.33 liter bottle)

$3.45 ISK 420

$4.30 BMD 4.30

-19.77%

One-way Ticket (Public Transport)

$5.77 ISK 704

$5.14 BMD 5.14

12.26%

Public Transport Monthly Pass (Regular Price)

$95.1 ISK 11.6K

$70.1 BMD 70.1

35.78%

Taxi Start (Normal Tariff)

$6.63 ISK 808

$6.66 BMD 6.66

-0.45%

Taxi (Normal Tariff) (1km)

$2.79 ISK 341

$2.52 BMD 2.52

10.71%

Taxi 1hour Waiting (Normal Tariff)

$81.4 ISK 9,923

$70.1 BMD 70.1

16.04%

Gasoline (1 liter)

$2.11 ISK 257

$2.16 BMD 2.16

-2.31%

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

$50.8K ISK 6.2M

$35.1K BMD 35.1K

44.72%

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

$52.7K ISK 6.4M

$40.8K BMD 40.8K

29.35%

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

$88.7 ISK 10.8K

$289 BMD 289

-69.35%

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

$31.53 ISK 3,845

$157 BMD 157

-79.87%

Internet (50+ Mbps, Unlimited Data)

$84.6 ISK 10.3K

$161 BMD 161

-47.29%

Gym Membership (Monthly)

$100 ISK 12.2K

$189 BMD 189

-46.82%

Tennis Court (1 Hour on Weekend)

$48.20 ISK 5,877

$15.08 BMD 15.08

219.63%

Cinema Ticket

$19.87 ISK 2,424

$13.29 BMD 13.29

49.51%

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

$1,277 ISK 155.8K

$1,315 BMD 1,315

-2.86%

International Primary School, 1 Child (Yearly)

$31.0K ISK 3.8M

$24.6K BMD 24.6K

25.99%

Jeans (Levis 501 Or Similar)

$161 ISK 19.6K

$89.0 BMD 89.0

80.74%

Summer Dress (H&M, Zara, etc)

$64.9 ISK 7,914

$69.5 BMD 69.5

-6.62%

Sport Shoes (Adidas, Nike)

$183 ISK 22.3K

$144 BMD 144

27.14%

Men's Leather Business Shoes

$254 ISK 31.0K

$128 BMD 128

98.31%

1-bedroom Apartment, City Center (Monthly)

$2,499 ISK 304.8K

$3,595 BMD 3,595

-30.48%

1-bedroom Apartment, Outside City Center (Monthly)

$2,000 ISK 243.9K

$2,554 BMD 2,554

-21.69%

3-bedroom Apartment, City Center (Monthly)

$3,452 ISK 421.0K

$8,175 BMD 8,175

-57.78%

3-bedroom Apartment, Outside City Center (Monthly)

$2,742 ISK 334.4K

$7,064 BMD 7,064

-61.18%

Buy Apartment in City Center (m2)

$8,001 ISK 975.7K

$14.9K BMD 14.9K

-46.27%

Buy Apartment Outside City Center (m2)

$6,249 ISK 762.1K

$8,923 BMD 8,923

-29.97%

Average Monthly Net Salary (After Tax)

$4,691 ISK 572.0K

$6,948 BMD 6,948

-32.49%

20-Year Fixed Mortgage Interest Rate (Annual %)

8.81

8.63

2.09%

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

Last update for Reykjavik: October 4, 2026

Last update for Bermuda: October 5, 2026

Monthly budget structure

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

Accommodation & Living

Reykjavik

$2K 50.9%

Bermuda

$2.6K 49.4% 27.7% $554

Groceries & Markets

Reykjavik

$625 15.9%

Bermuda

$832 16.1% 33.2% $207

Eating Out

Reykjavik

$526 13.4%

Bermuda

$658 12.7% 25.1% $132

Clothing & Footwear

Reykjavik

$298 7.6%

Bermuda

$194 3.7% 35% $104

Monthly Utilities & Internet

Reykjavik

$205 5.2%

Bermuda

$606 11.7% 196% $402

Sport & Entertainment

Reykjavik

$140 3.6%

Bermuda

$215 4.2% 53.7% $75

Getting Around

Reykjavik

$139 3.5%

Bermuda

$110 2.1% 20.8% $29

Good to know

🇮🇸 Reykjavik

🇧🇲 Bermuda

🕒 Local time

05:32 5:32 AM

02:32 2:32 AM

3 h behind Reykjavik

🌤 Weather

👥 Population

136,894 Capital

65,024

💱 Currency

Icelandic Króna ISK kr

Bermudian Dollar BMD $

📈 Exchange rate

1,000 ISK = 8.2 USD

1,000 ISK = 7.31 EUR

1 BMD = 1 USD

1 BMD = 0.892 EUR

Exchange rates and currency converter

BMD, USD, EUR to ISK – Icelandic Króna Converter

🇺🇸 United States Dollar ($)

🇮🇸 Icelandic Króna (kr)

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).

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).

USD to ISK in detail →

On the map

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Between locations

Reykjavik Bermuda 4,590 km ≈ 6 h nonstop flight

From you

Reykjavik
Bermuda

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

Reykjavik vs other spots: cost of living compared

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