Last update: Oct 2026

Cost of Living Comparison Between Southampton and Reykjavik

For one person, living is cheaper in Southampton: $3,694 a month against $4,023 in Reykjavik, rent and utilities included – about $3,900 less a year. Higher rent and utilities in Reykjavik outweigh lower spending on other living expenses.

179

Cost of Living Index in Southampton
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Southampton Living Index
193

Cost of Living Index in Reykjavik
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Reykjavik Living Index

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Southampton

🇧🇲 Bermuda

$3,694

/mo nomad

Reykjavik

🇮🇸 Iceland

$4,023

/mo nomad

Monthly Cost of Living

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

A single person spends $3,694 per month in Southampton vs $4,023 in Reykjavik, rent included.

Southampton $3,694
Reykjavik $4,023

A couple spends around $8,281 per month in Southampton vs $5,708 in Reykjavik, rent included.

Southampton $8,281
Reykjavik $5,708

A family of three spends $12.9K per month in Southampton vs $7,393 in Reykjavik, rent included.

Southampton $12.9K
Reykjavik $7,393

Southampton is about 8% cheaper than Reykjavik, and outside of rent the biggest gap is in utilities.

Both Southampton and Reykjavik sit above the global median – Southampton by 173%, Reykjavik by 197%.

Meal at Budget Restaurant

$50.7 BMD 50.7

$31.00 ISK 3,760

63.55%

Three-Course Dinner for Two, Mid-Range

$151 BMD 151

$123 ISK 14.9K

22.48%

Fast Food Meal (McDonalds, etc)

$16.82 BMD 16.82

$27.21 ISK 3,300

-38.18%

Cappuccino

$6.02 BMD 6.02

$6.90 ISK 837

-12.75%

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

$2.98 BMD 2.98

$3.30 ISK 401

-9.70%

Water (0.33 liter bottle)

$3.09 BMD 3.09

$3.16 ISK 384

-2.22%

Local Beer (0.5 liter draught)

$7.55 BMD 7.55

$13.84 ISK 1,678

-45.45%

Imported Beer (0.33 liter bottle)

$9.03 BMD 9.03

$12.46 ISK 1,512

-27.53%

Milk (1 liter)

$4.79 BMD 4.79

$2.06 ISK 250

132.52%

White Bread (500g)

$7.98 BMD 7.98

$4.11 ISK 498

94.16%

Rice (white) (1kg)

$5.45 BMD 5.45

$3.68 ISK 446

48.10%

Eggs

$7.33 BMD 7.33

$7.27 ISK 882

0.83%

Local Cheese (1kg)

$23.09 BMD 23.09

$21.79 ISK 2,643

5.97%

Chicken Fillets (1kg)

$21.09 BMD 21.09

$23.95 ISK 2,905

-11.94%

Beef Round Steak (1kg)

$19.30 BMD 19.30

$41.43 ISK 5,025

-53.42%

Apples (1kg)

$8.88 BMD 8.88

$3.42 ISK 414

159.65%

Banana (1kg)

$6.79 BMD 6.79

$2.84 ISK 344

139.08%

Oranges (1kg)

$7.23 BMD 7.23

$3.23 ISK 391

123.84%

Tomato (1kg)

$8.49 BMD 8.49

$6.46 ISK 783

31.42%

Potato (1kg)

$5.86 BMD 5.86

$4.05 ISK 491

44.69%

Onion (1kg)

$4.13 BMD 4.13

$1.66 ISK 202

148.80%

Lettuce (1 head)

$6.39 BMD 6.39

$3.86 ISK 468

65.54%

Water (1.5 liter bottle)

$3.39 BMD 3.39

$1.84 ISK 223

84.24%

Cigarettes 20 Pack (Marlboro, Camel)

$18.34 BMD 18.34

$13.96 ISK 1,693

31.38%

Wine (Bottle)

$23.79 BMD 23.79

$23.76 ISK 2,882

0.13%

Local Beer (0.5 liter bottle)

$5.12 BMD 5.12

$3.54 ISK 430

44.63%

Imported Beer (0.33 liter bottle)

$4.20 BMD 4.20

$3.44 ISK 418

22.09%

One-way Ticket (Public Transport)

$5.81 ISK 705

Public Transport Monthly Pass (Regular Price)

$95.3 ISK 11.6K

Taxi Start (Normal Tariff)

$6.60 BMD 6.60

$6.72 ISK 815

-1.79%

Taxi (Normal Tariff) (1km)

$3.07 BMD 3.07

$2.81 ISK 340

9.25%

Taxi 1hour Waiting (Normal Tariff)

$70.9 BMD 70.9

$81.3 ISK 9,866

-12.90%

Gasoline (1 liter)

$2.10 BMD 2.10

$2.12 ISK 257

-0.94%

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

$37.4K BMD 37.4K

$68.9K ISK 8.4M

-45.81%

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

$43.4K BMD 43.4K

$55.8K ISK 6.8M

-22.22%

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

$288 BMD 288

$95.8 ISK 11.6K

200.77%

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

$148 BMD 148

$33.11 ISK 4,016

345.55%

Internet (50+ Mbps, Unlimited Data)

$162 BMD 162

$87.2 ISK 10.6K

86.04%

Gym Membership (Monthly)

$101 ISK 12.3K

Tennis Court (1 Hour on Weekend)

$50.7 ISK 6,155

Cinema Ticket

$13.37 BMD 13.37

$19.85 ISK 2,407

-32.64%

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

$1,314 BMD 1,314

$1,195 ISK 144.9K

9.99%

International Primary School, 1 Child (Yearly)

$24.9K BMD 24.9K

$26.2K ISK 3.2M

-5.03%

Jeans (Levis 501 Or Similar)

$90.3 BMD 90.3

$148 ISK 18.0K

-39.12%

Summer Dress (H&M, Zara, etc)

$70.2 BMD 70.2

$66.8 ISK 8,096

5.15%

Sport Shoes (Adidas, Nike)

$141 BMD 141

$187 ISK 22.6K

-24.58%

Men's Leather Business Shoes

$131 BMD 131

$253 ISK 30.6K

-48.13%

1-bedroom Apartment, City Center (Monthly)

$2,579 ISK 312.8K

1-bedroom Apartment, Outside City Center (Monthly)

$1,503 BMD 1,503

$2,080 ISK 252.3K

-27.74%

3-bedroom Apartment, City Center (Monthly)

$3,455 ISK 419.0K

3-bedroom Apartment, Outside City Center (Monthly)

$7,867 BMD 7,867

$2,752 ISK 333.8K

185.87%

Buy Apartment in City Center (m2)

$7,933 ISK 962.2K

Buy Apartment Outside City Center (m2)

$6,377 ISK 773.5K

Average Monthly Net Salary (After Tax)

$9,763 BMD 9,763

$4,695 ISK 569.5K

107.93%

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 Southampton: October 19, 2026

Last update for Reykjavik: October 20, 2026

Monthly budget structure

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

Accommodation & Living

Southampton

$1.5K 40.7%

Reykjavik

$2.1K 51.7% 38.4% $577

Groceries & Markets

Southampton

$742 20.1%

Reykjavik

$619 15.4% 16.5% $122

Eating Out

Southampton

$608 16.5%

Reykjavik

$532 13.2% 12.5% $76

Monthly Utilities & Internet

Southampton

$598 16.2%

Reykjavik

$216 5.4% 63.9% $382

Clothing & Footwear

Southampton

$195 5.3%

Reykjavik

$294 7.3% 51.4% $100

Sport & Entertainment

Southampton

$27 * 0.7%

Reykjavik

$141 3.5% 427% $114

Getting Around

Southampton

$22 * 0.6%

Reykjavik

$139 3.5% 534% $117

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

Cost Breakdown

Salaries run about 108% higher in Southampton, which reinforces the cost advantage – you earn more and spend less. Purchasing power leans clearly in its favor.

A mid-range dinner for two costs $151 in Southampton versus $123 in Reykjavik. Monthly groceries follow the same trend: $742 vs $619 – making Reykjavik the more affordable choice for daily food spending.

Good to know

🇧🇲 Southampton

🇮🇸 Reykjavik

🕒 Local time

22:04 10:04 PM

01:04 1:04 AM

3 h ahead of Southampton

🌤 Weather

👥 Population

6,260

136,894 Capital

💱 Currency

Bermudian Dollar BMD $

Icelandic Króna ISK kr

📈 Exchange rate

1 BMD = 1 USD

1 BMD = 0.89 EUR

1,000 ISK = 8.24 USD

1,000 ISK = 7.33 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 25, 2026: 1 USD = 1 BMD (1 BMD = 1 USD). 1 EUR = 1.12 BMD (1 BMD = 0.89 EUR).

Icelandic Króna exchange rates as of October 25, 2026: 1 USD = 121 ISK (1,000 ISK = 8.24 USD). 1 EUR = 136 ISK (1,000 ISK = 7.33 EUR).

USD to BMD in detail →

On the map

Lowest

Highest

Between locations

Southampton Reykjavik 4,600 km ≈ 6 h nonstop flight

From you

Southampton
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

Southampton vs Reykjavik: Cost of Living - Frequently Asked Questions

Reykjavik costs about 9% more than Southampton, 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 $5,542 per month in Southampton and $6,034 in Reykjavik. That covers rent, food, utilities, transport, and enough left over to feel settled – not just surviving.

Monthly expenses with rent come to $3,694 in Southampton and $4,023 in Reykjavik. That's a gap of about 9%.

Kindergarten costs $1,314 per month in Southampton and $1,195 in Reykjavik. For families with young kids, this one expense can tip the scales when choosing between the two cities.

A $2,000 monthly budget goes further in Southampton, where all-in costs run around $3,694, than in Reykjavik at $4,023. In Southampton it covers expenses comfortably, while in Reykjavik it requires careful planning or may not stretch far enough.

For digital nomads, it depends on budget. Southampton costs $3,694 versus $4,023 in Reykjavik. 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 Southampton. If higher salaries, better infrastructure, or specific career opportunities are the priority, Reykjavik makes more sense. Both are solid long-term options with distinct trade-offs.