Barbados vs Iceland - Cost of Living Comparison

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Livingcost

Barbados Iceland
🚶 Cost of living one person
$1355
$2384
👨‍👩‍👧‍👦 Cost of living Family
$3577
$5111
🏠 One person rent
$553
$1378
🏘️ Family rent
$1248
$2233
🍽️ Food expenses
$598
$734
🚐 Transport expenses
$69.7
$80.4
💳 Monthly salary after tax
$1336
$3560
💸 GDP per capita
$20019
$72903
😃 Human freedom index
7.69
8.64
❤️ Life expectancy
77.6
83.1
👮 Corruption perceptions index
65
74
🌐 English speaking %
98.6%
98%
🎓 Higher education
32
81
😀 Quality of life
63
93
🏙️ Population
286K
364K

The average cost of living in Barbados ($1355) is 43% less expensive than in Iceland ($2384). Barbados ranked 40th vs 7th for Iceland in the list of the most expensive countries in the world.

The average after-tax salary is enough to cover living expenses for 1 months in Barbados compared to 1.5 months in Iceland. Ranked 52nd and 8th best countries to live in the world.

Salary adjustment calculator
the estimated difference in money purchasing power

Cost of living in Barbados vs Iceland infographic

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Prices in Barbados vs Iceland

We calculate prices for Barbados and Iceland as a population-weighted mean of 2 and 5 cities, respectively. Since large cities tend to have a higher cost of living, it's better to visit specific city pages below for more relevant information.

Barbados Iceland
Eating Out
🍱 Lunch Menu
$16.2
$18.9
🥂 Dinner in a Restaurant, for 2
$80.5
$102
🥪 Fast food meal, equiv. McDonald's
$9.02
$15.5
🍻 Beer in a Pub, 0.5 L or 16 fl oz
$2.55
$9.3
 Cappuccino
$4.93
$4.62
🥤 Pepsi / Coke, 0.5 L or 16.9 fl oz
$1.54
$2.67
Rent & Utilities
🏙️ 1 bedroom apartment in Downtown, 40 m2 or 430 ft2
$572
$1461
🏡 Cheap 1 bedroom apartment, 40 m2 or 430 ft2
$401
$1214
🏙️ 3 bedroom apartment in Downtown, 80 m2 or 860 ft2
$1550
$2314
🏡 Cheap 3 bedroom apartment, 80 m2 or 860 ft2
$979
$2036
🔌 Utility Bill one person, electricity, heating, water, etc.
$66.9
$48.4
🔌 Utility Bill for a Family, electricity, heating, water, etc.
$103
$75
🌐 Internet plan, 50 Mbps+ 1 month unlimited
$50.9
$65.8
🏦 Mortgage Interest Rate for 20 Years
5.84%
6.7%
🏙️ Apartment price to Buy in city Center, 1 m2 or 10 ft2
$3528
$5379
🏡 House price to Buy in Suburbs, 1 m2 or 10 ft2
$3516
$4254
Transportation
🚌 Local transport ticket
$1.76
$3.93
🎟️ Monthly ticket local transport
$42.4
$65.4
🚕 Taxi Ride, 8 km or 5 mi
$27.1
$24.3
 Gas / Petrol, 1 L or 0.26 gal
$2.15
$2.24
Groceries
🥛 Milk, 1 L or 1 qt
$3.47
$1.57
🍞 Bread, 0.5 kg or 1.1 lb
$2.55
$3.33
🍚 Rice, 1 kg or 2.2 lb
$3.11
$3.24
🥚 Eggs, x12
$5.15
$5.9
🧀 Cheese, 1 kg or 2.2 lb
$16
$14.2
🐔 Chicken Breast, 1 kg or 2.2 lb
$11
$18.5
🥩 Round Steak, 1 kg or 2.2 lb
$11.9
$29.1
🍏 Apples, 1 kg or 2.2 lb
$4.13
$2.99
🍌 Banana, 1 kg or 2.2 lb
$2.74
$2.14
🍊 Oranges, 1 kg or 2.2 lb
$3.63
$2.68
🍅 Tomato, 1 kg or 2.2 lb
$3.78
$4.56
🥔 Potato, 1 kg or 2.2 lb
$3.17
$2.8
🧅 Onion, 1 kg or 2.2 lb
$3.25
$1.67
🌊 Water, 1 L or 1 qt
$1.38
$1.39
🍹 Coca-Cola / Pepsi, 2 L or 67.6 fl oz
$2.93
$2.39
🍾 Wine (mid-priced), 750 mL bottle
$16.7
$19
🍺 Beer, 0.5 L or 16 fl oz
$2.08
$3.07
🚬 Cigarette pack
$7.95
$11.5
💊 Cold medicince, 1 week
$12.8
$12.8
🧴 Hair Shampoo
$7.03
$5.91
🧻 Toilet paper, 4 rolls
$3.12
$5.04
👄 Toothpaste, 1 tube
$3.34
$3.25
Other
🏋️ Gym Membership, 1 month
$67.2
$62.9
🎫 Cinema Ticket, 1 person
$9.79
$14.1
👩‍⚕️ Doctor's visit
$52.3
$77.4
💇 Haircut, simple
$8.84
$36.6
👖 Brand Jeans
$79.5
$110
👟 Brand Sneakers
$138
$143
👶 Daycare or Preschool, 1 month
$240
$252
🏫 International Primary School, 1 year
$5350
$5636

Cost of living in other countries

Cost of living

Cities Comparison in Barbados vs Iceland

More countries to compare

Cost of Living in Popular cities

In Barbados

City Cost of living Population
Bridgetown
$1355
110K
Holetown
$1303
1.6K

In Iceland

City Cost of living Population
Reykjavik
$2534
140K
Kopavogur
$2264
39.8K
Hafnarfjorur
$2343
30.6K
Akureyri
$1959
19.9K
Keflavik
$1985
16.5K