Last update: Oct 2026

Cost of Living Comparison Between Saint George and Reykjavik

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.

236

Cost of Living Index in Saint George
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Saint George Living Index
193

Cost of Living Index in Reykjavik
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Reykjavik Living Index

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Saint George

🇧🇲 Bermuda

$4,833

/mo nomad

Reykjavik

🇮🇸 Iceland

$4,037

/mo nomad

Monthly Cost of Living

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

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

Saint George $4,833
Reykjavik $4,037

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

Saint George $6,839
Reykjavik $5,666

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

Saint George $8,846
Reykjavik $7,295

Saint George costs about 20% more than Reykjavik, and outside of rent the biggest gap is in utilities.

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

Meal at Budget Restaurant

$49.88 BMD 49.88

$30.59 ISK 3,730

63.06%

Three-Course Dinner for Two, Mid-Range

$151 BMD 151

$136 ISK 16.5K

11.19%

Fast Food Meal (McDonalds, etc)

$16.63 BMD 16.63

$27.08 ISK 3,302

-38.59%

Cappuccino

$6.34 BMD 6.34

$6.72 ISK 819

-5.65%

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

$3.12 BMD 3.12

$3.27 ISK 399

-4.59%

Water (0.33 liter bottle)

$3.15 BMD 3.15

$3.16 ISK 386

-0.32%

Local Beer (0.5 liter draught)

$7.51 BMD 7.51

$13.91 ISK 1,696

-46.01%

Imported Beer (0.33 liter bottle)

$9.16 BMD 9.16

$12.06 ISK 1,470

-24.05%

Milk (1 liter)

$4.90 BMD 4.90

$2.04 ISK 248

140.20%

White Bread (500g)

$7.82 BMD 7.82

$4.32 ISK 527

81.02%

Rice (white) (1kg)

$3.98 BMD 3.98

$3.67 ISK 447

8.45%

Eggs

$7.15 BMD 7.15

$7.02 ISK 856

1.85%

Local Cheese (1kg)

$7.31 BMD 7.31

$22.01 ISK 2,684

-66.79%

Chicken Fillets (1kg)

$21.48 BMD 21.48

$24.70 ISK 3,012

-13.04%

Beef Round Steak (1kg)

$19.33 BMD 19.33

$42.66 ISK 5,202

-54.69%

Apples (1kg)

$9.03 BMD 9.03

$3.37 ISK 412

167.95%

Banana (1kg)

$6.46 BMD 6.46

$2.85 ISK 347

126.67%

Oranges (1kg)

$9.02 BMD 9.02

$3.17 ISK 387

184.54%

Tomato (1kg)

$9.59 BMD 9.59

$6.39 ISK 779

50.08%

Potato (1kg)

$8.68 BMD 8.68

$4.01 ISK 489

116.46%

Onion (1kg)

$4.07 BMD 4.07

$1.64 ISK 200

148.17%

Lettuce (1 head)

$6.09 BMD 6.09

$3.80 ISK 463

60.26%

Water (1.5 liter bottle)

$3.40 BMD 3.40

$1.74 ISK 212

95.40%

Cigarettes 20 Pack (Marlboro, Camel)

$17.70 BMD 17.70

$13.80 ISK 1,682

28.26%

Wine (Bottle)

$24.37 BMD 24.37

$23.38 ISK 2,851

4.23%

Local Beer (0.5 liter bottle)

$5.26 BMD 5.26

$3.53 ISK 430

49.01%

Imported Beer (0.33 liter bottle)

$4.24 BMD 4.24

$3.45 ISK 420

22.90%

One-way Ticket (Public Transport)

$5.77 ISK 704

Public Transport Monthly Pass (Regular Price)

$95.1 ISK 11.6K

Taxi Start (Normal Tariff)

$6.38 BMD 6.38

$6.63 ISK 808

-3.77%

Taxi (Normal Tariff) (1km)

$3.06 BMD 3.06

$2.79 ISK 341

9.68%

Taxi 1hour Waiting (Normal Tariff)

$70.3 BMD 70.3

$81.4 ISK 9,923

-13.65%

Gasoline (1 liter)

$2.45 BMD 2.45

$2.11 ISK 257

16.11%

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

$37.8K BMD 37.8K

$50.8K ISK 6.2M

-25.65%

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

$43.1K BMD 43.1K

$52.7K ISK 6.4M

-18.26%

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

$285 BMD 285

$88.7 ISK 10.8K

221.35%

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

$148 BMD 148

$31.53 ISK 3,845

370.63%

Internet (50+ Mbps, Unlimited Data)

$159 BMD 159

$84.6 ISK 10.3K

87.59%

Gym Membership (Monthly)

$100 ISK 12.2K

Tennis Court (1 Hour on Weekend)

$48.20 ISK 5,877

Cinema Ticket

$13.70 BMD 13.70

$19.87 ISK 2,424

-31.05%

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

$1,308 BMD 1,308

$1,277 ISK 155.8K

2.43%

International Primary School, 1 Child (Yearly)

$25.4K BMD 25.4K

$31.0K ISK 3.8M

-17.88%

Jeans (Levis 501 Or Similar)

$88.4 BMD 88.4

$161 ISK 19.6K

-45.06%

Summer Dress (H&M, Zara, etc)

$71.0 BMD 71.0

$64.9 ISK 7,914

9.32%

Sport Shoes (Adidas, Nike)

$141 BMD 141

$183 ISK 22.3K

-22.66%

Men's Leather Business Shoes

$130 BMD 130

$254 ISK 31.0K

-48.70%

1-bedroom Apartment, City Center (Monthly)

$3,049 BMD 3,049

$2,499 ISK 304.8K

21.98%

1-bedroom Apartment, Outside City Center (Monthly)

$2,744 BMD 2,744

$2,000 ISK 243.9K

37.17%

3-bedroom Apartment, City Center (Monthly)

$5,057 BMD 5,057

$3,452 ISK 421.0K

46.50%

3-bedroom Apartment, Outside City Center (Monthly)

$4,068 BMD 4,068

$2,742 ISK 334.4K

48.34%

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 %)

8.63

8.81

-2.04%

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

Last update for Saint George: October 5, 2026

Last update for Reykjavik: October 4, 2026

Monthly budget structure

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

Accommodation & Living

Saint George

$2.7K 56.1%

Reykjavik

$2K 50.9% 27.1% $743

Groceries & Markets

Saint George

$710 14.5%

Reykjavik

$625 15.9% 11.9% $85

Eating Out

Saint George

$606 12.4%

Reykjavik

$526 13.4% 13.2% $80

Monthly Utilities & Internet

Saint George

$592 12.1%

Reykjavik

$205 5.2% 65.4% $387

Clothing & Footwear

Saint George

$194 4%

Reykjavik

$298 7.6% 53.7% $104

Sport & Entertainment

Saint George

$27 * 0.6%

Reykjavik

$140 3.6% 411% $113

Getting Around

Saint George

$22 * 0.4%

Reykjavik

$139 3.5% 540% $117

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

Cost Breakdown

A central one-bedroom costs $3,049 in Saint George versus $2,499 in Reykjavik. 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 $151 in Saint George versus $136 in Reykjavik. Monthly groceries follow the same trend: $710 vs $625 – making Reykjavik the more affordable choice for daily food spending.

Good to know

🇧🇲 Saint George

🇮🇸 Reykjavik

🕒 Local time

11:16 11:16 AM

14:16 2:16 PM

3 h ahead of Saint George

🌤 Weather

👥 Population

2,000

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 = 7.32 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 = 7.32 EUR).

USD to BMD in detail →

On the map

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Between locations

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

From you

Saint George
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

Saint George vs Reykjavik: 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 $7,249 per month in Saint George and $6,055 in Reykjavik. 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 $4,833 in Saint George and $4,037 in Reykjavik. That's a gap of about 20%.

Kindergarten costs $1,308 per month in Saint George and $1,277 in Reykjavik. 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 $4,833 in Saint George and $4,037 in Reykjavik. 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.