Last update: Oct 2026

Cost of Living Comparison Between Reykjavik and Saint George

For one person, living is cheaper in Reykjavik: $4,037 a month against $4,833 in Saint George, rent and utilities included – about $9,600 less a year. Higher rent and utilities in Saint George outweigh lower spending on other living expenses.

193

Cost of Living Index in Reykjavik
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Reykjavik Living Index
236

Cost of Living Index in Saint George
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Saint George Living Index

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Reykjavik

🇮🇸 Iceland

$4,037

/mo nomad

Saint George

🇧🇲 Bermuda

$4,833

/mo nomad

Monthly Cost of Living

How much you'll spend in Reykjavik and in Saint George

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

A single person spends $4,037 per month in Reykjavik vs $4,833 in Saint George, rent included.

Reykjavik $4,037
Saint George $4,833

A couple spends around $5,666 per month in Reykjavik vs $6,839 in Saint George, rent included.

Reykjavik $5,666
Saint George $6,839

A family of three spends $7,295 per month in Reykjavik vs $8,846 in Saint George, rent included.

Reykjavik $7,295
Saint George $8,846

Reykjavik is about 16% cheaper than Saint George, and outside of rent the biggest gap is in utilities.

Both Reykjavik and Saint George sit above the global median – Reykjavik by 201%, Saint George by 261%.

Meal at Budget Restaurant

$30.59 ISK 3,730

$49.88 BMD 49.88

-38.67%

Three-Course Dinner for Two, Mid-Range

$136 ISK 16.5K

$151 BMD 151

-10.06%

Fast Food Meal (McDonalds, etc)

$27.08 ISK 3,302

$16.63 BMD 16.63

62.84%

Cappuccino

$6.72 ISK 819

$6.34 BMD 6.34

5.99%

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

$3.27 ISK 399

$3.12 BMD 3.12

4.81%

Water (0.33 liter bottle)

$3.16 ISK 386

$3.15 BMD 3.15

0.32%

Local Beer (0.5 liter draught)

$13.91 ISK 1,696

$7.51 BMD 7.51

85.22%

Imported Beer (0.33 liter bottle)

$12.06 ISK 1,470

$9.16 BMD 9.16

31.66%

Milk (1 liter)

$2.04 ISK 248

$4.90 BMD 4.90

-58.37%

White Bread (500g)

$4.32 ISK 527

$7.82 BMD 7.82

-44.76%

Rice (white) (1kg)

$3.67 ISK 447

$3.98 BMD 3.98

-7.79%

Eggs

$7.02 ISK 856

$7.15 BMD 7.15

-1.82%

Local Cheese (1kg)

$22.01 ISK 2,684

$7.31 BMD 7.31

201.09%

Chicken Fillets (1kg)

$24.70 ISK 3,012

$21.48 BMD 21.48

14.99%

Beef Round Steak (1kg)

$42.66 ISK 5,202

$19.33 BMD 19.33

120.69%

Apples (1kg)

$3.37 ISK 412

$9.03 BMD 9.03

-62.68%

Banana (1kg)

$2.85 ISK 347

$6.46 BMD 6.46

-55.88%

Oranges (1kg)

$3.17 ISK 387

$9.02 BMD 9.02

-64.86%

Tomato (1kg)

$6.39 ISK 779

$9.59 BMD 9.59

-33.37%

Potato (1kg)

$4.01 ISK 489

$8.68 BMD 8.68

-53.80%

Onion (1kg)

$1.64 ISK 200

$4.07 BMD 4.07

-59.71%

Lettuce (1 head)

$3.80 ISK 463

$6.09 BMD 6.09

-37.60%

Water (1.5 liter bottle)

$1.74 ISK 212

$3.40 BMD 3.40

-48.82%

Cigarettes 20 Pack (Marlboro, Camel)

$13.80 ISK 1,682

$17.70 BMD 17.70

-22.03%

Wine (Bottle)

$23.38 ISK 2,851

$24.37 BMD 24.37

-4.06%

Local Beer (0.5 liter bottle)

$3.53 ISK 430

$5.26 BMD 5.26

-32.89%

Imported Beer (0.33 liter bottle)

$3.45 ISK 420

$4.24 BMD 4.24

-18.63%

One-way Ticket (Public Transport)

$5.77 ISK 704

Public Transport Monthly Pass (Regular Price)

$95.1 ISK 11.6K

Taxi Start (Normal Tariff)

$6.63 ISK 808

$6.38 BMD 6.38

3.92%

Taxi (Normal Tariff) (1km)

$2.79 ISK 341

$3.06 BMD 3.06

-8.82%

Taxi 1hour Waiting (Normal Tariff)

$81.4 ISK 9,923

$70.3 BMD 70.3

15.81%

Gasoline (1 liter)

$2.11 ISK 257

$2.45 BMD 2.45

-13.88%

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

$50.8K ISK 6.2M

$37.8K BMD 37.8K

34.49%

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

$52.7K ISK 6.4M

$43.1K BMD 43.1K

22.34%

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

$88.7 ISK 10.8K

$285 BMD 285

-68.88%

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

$31.53 ISK 3,845

$148 BMD 148

-78.75%

Internet (50+ Mbps, Unlimited Data)

$84.6 ISK 10.3K

$159 BMD 159

-46.69%

Gym Membership (Monthly)

$100 ISK 12.2K

Tennis Court (1 Hour on Weekend)

$48.20 ISK 5,877

Cinema Ticket

$19.87 ISK 2,424

$13.70 BMD 13.70

45.04%

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

$1,277 ISK 155.8K

$1,308 BMD 1,308

-2.37%

International Primary School, 1 Child (Yearly)

$31.0K ISK 3.8M

$25.4K BMD 25.4K

21.77%

Jeans (Levis 501 Or Similar)

$161 ISK 19.6K

$88.4 BMD 88.4

82.03%

Summer Dress (H&M, Zara, etc)

$64.9 ISK 7,914

$71.0 BMD 71.0

-8.53%

Sport Shoes (Adidas, Nike)

$183 ISK 22.3K

$141 BMD 141

29.30%

Men's Leather Business Shoes

$254 ISK 31.0K

$130 BMD 130

94.93%

1-bedroom Apartment, City Center (Monthly)

$2,499 ISK 304.8K

$3,049 BMD 3,049

-18.02%

1-bedroom Apartment, Outside City Center (Monthly)

$2,000 ISK 243.9K

$2,744 BMD 2,744

-27.10%

3-bedroom Apartment, City Center (Monthly)

$3,452 ISK 421.0K

$5,057 BMD 5,057

-31.74%

3-bedroom Apartment, Outside City Center (Monthly)

$2,742 ISK 334.4K

$4,068 BMD 4,068

-32.59%

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)

$4,691 ISK 572.0K

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 Saint George: October 5, 2026

Monthly budget structure

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

Accommodation & Living

Reykjavik

$2K 50.9%

Saint George

$2.7K 56.1% 37.2% $743

Groceries & Markets

Reykjavik

$625 15.9%

Saint George

$710 14.5% 13.6% $85

Eating Out

Reykjavik

$526 13.4%

Saint George

$606 12.4% 15.2% $80

Clothing & Footwear

Reykjavik

$298 7.6%

Saint George

$194 4% 35% $104

Monthly Utilities & Internet

Reykjavik

$205 5.2%

Saint George

$592 12.1% 189% $387

Sport & Entertainment

Reykjavik

$140 3.6%

Saint George

$27 * 0.6% 80.4% $113

Getting Around

Reykjavik

$139 3.5%

Saint George

$22 * 0.4% 84.4% $117

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

Cost Breakdown

A central one-bedroom costs $2,499 in Reykjavik versus $3,049 in Saint George. Rent is usually the largest line item in a monthly budget, so the gap here sets the tone for the overall comparison.

A mid-range dinner for two costs $136 in Reykjavik versus $151 in Saint George. Monthly groceries follow the same trend: $625 vs $710 – making Reykjavik the more affordable choice for daily food spending.

Good to know

🇮🇸 Reykjavik

🇧🇲 Saint George

🕒 Local time

13:47 1:47 PM

10:47 10:47 AM

3 h behind Reykjavik

🌤 Weather

👥 Population

136,894 Capital

2,000

💱 Currency

Icelandic Króna ISK kr

Bermudian Dollar BMD $

📈 Exchange rate

1,000 ISK = 8.2 USD

1,000 ISK = 7.32 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 = 7.32 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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Highest

Between locations

Reykjavik Saint George 4,580 km ≈ 6 h nonstop flight

From you

Reykjavik
Saint George

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 Saint George: Cost of Living - Frequently Asked Questions

Saint George costs about 20% more than Reykjavik, and outside of rent the gap comes mainly from utilities. That's enough to noticeably affect everyday spending and lifestyle for anyone choosing between the two.

For a comfortable life, plan on about $6,055 per month in Reykjavik and $7,249 in Saint George. 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.

Monthly expenses with rent come to $4,037 in Reykjavik and $4,833 in Saint George. That's a gap of about 20%.

Kindergarten costs $1,277 per month in Reykjavik and $1,308 in Saint George. For families with young kids, this one expense can tip the scales when choosing between the two cities.

$3,000 is a stretch for both – monthly costs hit $4,037 in Reykjavik and $4,833 in Saint George. You'll need shared housing and careful budgeting no matter which city you pick.

For digital nomads, it depends on budget. Reykjavik costs $4,037 versus $4,833 in Saint George. Both have workable remote work infrastructure, but the cost gap matters when income varies month to month.

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, Saint George makes more sense. Both are solid long-term options with distinct trade-offs.