Published: Monday, 21th October 2024
The cost of living in Iceland is 1.36 times less expensive as compared to Barbados.
On this page, you will find side-by-side cost comparison between Iceland and Barbados. We have created 172 cost-of-living indicators. We average the prices of all those indicators and take a mathematically calculated approach to determine which country is more expensive to live in between Iceland and Barbados.
We always try to give you the latest data, but sometimes mistakes might occur. If you think some content on our site is not updated, please let us know by emailing us at: info.comparedoo@gmail.com
 Indicators  | Iceland  | Barbados  |
|---|---|---|
1 BHK Apartment in City Center  | 200,000 ISK (1,420 USD) | 2,500 BBD (1,250 USD) |
2 BHK Apartment in City Center  | 300,000 ISK (2,130 USD) | 3,800 BBD (1,900 USD) |
3 BHK Apartment in City Center  | 400,000 ISK (2,840 USD) | 5,000 BBD (2,500 USD) |
1 BHK Apartment outside City Center  | 150,000 ISK (1,065 USD) | 1,800 BBD (900 USD) |
2 BHK Apartment outside City Center  | 200,000 ISK (1,420 USD) | 2,700 BBD (1,350 USD) |
3 BHK Apartment outside City Center  | 300,000 ISK (2,130 USD) | 3,600 BBD (1,800 USD) |
Mortgage Rates Per Month  | 4 % | 6.85 % |
Realtor Commission  | 2 % | 5 % |
Property Taxes  | 0.2 to 1.65 % | 0.1 to 0.75 % |
The average housing cost in Iceland is 1.13 times more expensive than Barbados.
Indicators | Iceland | Barbados |
|---|---|---|
Basic Home Furnishing  | 300,000 ISK (2,130 USD) | 4,000 BBD (2,000 USD) |
Electricity Cost Per Month  | 20,000 ISK (142 USD) | 250 BBD (125 USD) |
Heating Cost Per Month  | 25,000 ISK (177.50 USD) | 150 BBD (75 USD) |
Cooling Cost Per Month  | 10,000 ISK (71 USD) | 100 BBD (50 USD) |
Water Supply Cost Per Month  | 5,000 ISK (35.50 USD) | 50 BBD (25 USD) |
If you lived in Iceland, instead of Barbados, you would have to pay 12.35% more for Utilities.
The basic home furnishing in Iceland costs 1.06 times more compared to Barbados.
Indicators | Iceland | Barbados |
|---|---|---|
Standard Wifi Cost Per Month  | 10,000 ISK (71 USD) | 150 BBD (75 USD) |
Mobile Phone Basic Plan Cost Per Month  | 5,000 ISK (35.50 USD) | 100 BBD (50 USD) |
Landline Basic Plan Cost Per Month  | 3,000 ISK (21.30 USD) | 40 BBD (20 USD) |
Cable TV Basic Plan Cost Per Month  | 8,000 ISK (56.80 USD) | 100 BBD (50 USD) |
The internet and communication costs 5.33% less in Iceland compared to Barbados.
Indicators | Iceland | Barbados |
|---|---|---|
Long Grain Rice (1 KG)  | 500 ISK (3.55 USD) | 6 BBD (3 USD) |
Milk (1 Liter)  | 250 ISK (1.78 USD) | 4 BBD (2 USD) |
Water (1 Liter)  | 50 ISK (0.36 USD) | 2 BBD (1 USD) |
Bread (500 gm)  | 150 ISK (1.07 USD) | 5 BBD (2.50 USD) |
Eggs (1 Dozen)  | 500 ISK (3.55 USD) | 8 BBD (4 USD) |
Cheese (1 KG)  | 1,200 ISK (8.52 USD) | 20 BBD (10 USD) |
Chicken Breast (1 KG)  | 1,000 ISK (7.10 USD) | 12 BBD (6 USD) |
In Iceland, the cost of 1 Liter Water and 1 Liter Milk is 1.41 times less expensive than the cost in Barbados.
If you lived in Iceland, instead of Barbados, you would have to pay 9.07% less for Groceries.
Indicators | Iceland | Barbados |
|---|---|---|
Apples (1 KG)  | 800 ISK (5.68 USD) | 10 BBD (5 USD) |
Bananas (1 KG)  | 600 ISK (4.26 USD) | 4 BBD (2 USD) |
Oranges (1 KG)  | 700 ISK (4.97 USD) | 8 BBD (4 USD) |
Tomatoes (1 KG)  | 500 ISK (3.55 USD) | 10 BBD (5 USD) |
Potatoes (1 KG)  | 400 ISK (2.84 USD) | 5 BBD (2.50 USD) |
Lemons (1 KG)  | 700 ISK (4.97 USD) | 6 BBD (3 USD) |
Onions (1 KG)  | 600 ISK (4.26 USD) | 4 BBD (2 USD) |
Lentils (1 KG)  | 600 ISK (4.26 USD) | 7 BBD (3.50 USD) |
If you lived in Iceland, instead of Barbados, you would have to pay 1.29 times more for Fruits and Vegetables.
Indicators | Iceland | Barbados |
|---|---|---|
Meal at a Resonable Restaurant  | 3,500 ISK (24.85 USD) | 30 BBD (15 USD) |
Three-Course Meal for Two  | 8,000 ISK (56.80 USD) | 150 BBD (75 USD) |
Fast Food Combo Meal  | 1,500 ISK (10.65 USD) | 12 BBD (6 USD) |
Normal Coffee  | 500 ISK (3.55 USD) | 5 BBD (2.50 USD) |
Soft Drink  | 300 ISK (2.13 USD) | 3 BBD (1.50 USD) |
Pizza for One  | 2,500 ISK (17.75 USD) | 20 BBD (10 USD) |
Take-Out Delivery Meal  | 3,000 ISK (21.30 USD) | 25 BBD (12.50 USD) |
Cigarette Pack of 20  | 1,500 ISK (10.65 USD) | 12 BBD (6 USD) |
Dining-Out costs 14.93% more in Iceland compared to Barbados.
Indicators | Iceland | Barbados |
|---|---|---|
Wine Mid-Range Bottle  | 2,000 ISK (14.20 USD) | 30 BBD (15 USD) |
Glass of Wine  | 1,200 ISK (8.52 USD) | 10 BBD (5 USD) |
Domestic Beer Half Liter  | 600 ISK (4.26 USD) | 4 BBD (2 USD) |
Imported Beer Half Liter  | 800 ISK (5.68 USD) | 6 BBD (3 USD) |
Domestic Alcohol 1 Liter  | 3,000 ISK (21.30 USD) | 25 BBD (12.50 USD) |
Branded Alcohol 1 Liter  | 4,000 ISK (28.40 USD) | 40 BBD (20 USD) |
If you lived in Iceland, instead of Barbados, you would have to pay 1.43 times more for usual hard drinks.
Indicators | Iceland | Barbados |
|---|---|---|
Monthly Public Transportation Pass  | 15,000 ISK (106.50 USD) | 100 BBD (50 USD) |
Single Public Transportation Ticket  | 400 ISK (2.84 USD) | 2 BBD (1 USD) |
Single Train Ticket  | Yet to Update () | 120 BBD (60 USD) |
Domestic Airplane Ticket  | 30,000 ISK (213 USD) | 200 BBD (100 USD) |
Taxi Start Fare  | 800 ISK (5.68 USD) | 10 BBD (5 USD) |
Taxi Rate Per Kilometer  | 200 ISK (1.42 USD) | 3 BBD (1.50 USD) |
Car Rental Per Day  | 10,000 ISK (71 USD) | 80 BBD (40 USD) |
Parking Fees in City Center Per Hour  | 500 ISK (3.55 USD) | 3 BBD (1.50 USD) |
Parking Fees outside City Center Per Hour  | 300 ISK (2.13 USD) | 1 BBD (0.50 USD) |
If you lived in Iceland, instead of Barbados, you would have to pay 1.57 times more for transportation.
Indicators | Iceland | Barbados |
|---|---|---|
Reasonable Vehicle Purchase Cost  | 4,000,000 ISK (28,400 USD) | 60,000 BBD (30,000 USD) |
Vehicle Registration Cost  | 15,000 ISK (106.50 USD) | 400 BBD (200 USD) |
Driving License Fees  | 5,000 ISK (35.50 USD) | 100 BBD (50 USD) |
Car Insurance Cost  | 40,000 ISK (284 USD) | 1,000 BBD (500 USD) |
Car Maintenance Cost  | 15,000 ISK (106.50 USD) | 300 BBD (150 USD) |
Car Loan Interest Rates  | 5 % | 6 % |
Fuel Per Liter  | 250 ISK (1.78 USD) | 3 BBD (1.50 USD) |
Fuel Per Gallon  | 1,200 ISK (8.52 USD) | 11.36 BBD (5.68 USD) |
Average Toll Fees  | 1,000 ISK 7.10 USD | 2 BBD 1 USD |
You would have to pay 1.07 times less for Vehicle purchase, daily operation and maintenance in Iceland compared to that of Barbados.
Indicators | Iceland | Barbados |
|---|---|---|
Doctor Visit  | 5,000 ISK (35.50 USD) | 100 BBD (50 USD) |
Specialist Visit  | 10,000 ISK (71 USD) | 200 BBD (100 USD) |
Dentist Visit  | 8,000 ISK (56.80 USD) | 150 BBD (75 USD) |
Eye Exam  | 3,000 ISK (21.30 USD) | 80 BBD (40 USD) |
Mental Health Counseling  | 8,000 ISK (56.80 USD) | 150 BBD (75 USD) |
Preventive Health Screening  | 4,000 ISK (28.40 USD) | 100 BBD (50 USD) |
Physical Therapy  | 6,000 ISK (42.60 USD) | 100 BBD (50 USD) |
Emergency Room Visit  | 15,000 ISK (106.50 USD) | 300 BBD (150 USD) |
Hospital Stay Per Night  | 25,000 ISK (177.50 USD) | 1,000 BBD (500 USD) |
Vaccinations  | 2,500 ISK (17.75 USD) | 60 BBD (30 USD) |
Prescription Medication  | 1,500 ISK (10.65 USD) | 50 BBD (25 USD) |
Over the Counter Medication  | 800 ISK (5.68 USD) | 20 BBD (10 USD) |
Health Insurance Premiums  | 20,000 ISK (142 USD) | 500 BBD (250 USD) |
Health Insurance Deductibles  | 5,000 ISK (35.50 USD) | 1,000 BBD (500 USD) |
If you lived in Iceland, instead of Barbados, you would have to pay 2.36 times less for Health and Medical Treatment.
Indicators | Iceland | Barbados |
|---|---|---|
Cosmetic Procedures  | 30,000 ISK (213 USD) | 2,000 BBD (1,000 USD) |
Spa Treatment  | 10,000 ISK (71 USD) | 100 BBD (50 USD) |
Manicure Pedicure Cost  | 3,000 ISK (21.30 USD) | 40 BBD (20 USD) |
Optical Glasses Cost  | 10,000 ISK (71 USD) | 200 BBD (100 USD) |
Contact Lenses Cost  | 5,000 ISK (35.50 USD) | 100 BBD (50 USD) |
Haircuts  | 2,000 ISK (14.20 USD) | 30 BBD (15 USD) |
Hair Coloring  | 6,000 ISK (42.60 USD) | 50 BBD (25 USD) |
Shampoo Price  | 500 ISK (3.55 USD) | 10 BBD (5 USD) |
Toothpaste Price  | 200 ISK (1.42 USD) | 5 BBD (2.50 USD) |
If you lived in Iceland, instead of Barbados, you would have to pay 2.68 times less for Personal Care Items and Treatment.
Indicators | Iceland | Barbados |
|---|---|---|
Pair of Nike Running Shoes  | 15,000 ISK (106.50 USD) | 120 BBD (60 USD) |
Men's Shirt  | 5,000 ISK (35.50 USD) | 50 BBD (25 USD) |
Women's Dress  | 10,000 ISK (71 USD) | 80 BBD (40 USD) |
Summer Dress  | 5,000 ISK (35.50 USD) | 60 BBD (30 USD) |
Men's Suit  | 40,000 ISK (284 USD) | 300 BBD (150 USD) |
Men's Jeans  | 7,000 ISK (49.70 USD) | 80 BBD (40 USD) |
Women's Jeans  | 6,000 ISK (42.60 USD) | 60 BBD (30 USD) |
Men's Formal Shoes  | 7,000 ISK (49.70 USD) | 150 BBD (75 USD) |
Women's Formal Shoes  | 7,000 ISK (49.70 USD) | 150 BBD (75 USD) |
Men's Casual Shoes  | 5,000 ISK (35.50 USD) | 100 BBD (50 USD) |
Women's Casual Shoes  | 4,000 ISK (28.40 USD) | 100 BBD (50 USD) |
Underwear For Men  | 1,000 ISK (7.10 USD) | 20 BBD (10 USD) |
Underwear For Women  | 1,200 ISK (8.52 USD) | 20 BBD (10 USD) |
Socks For Men  | 300 ISK (2.13 USD) | 10 BBD (5 USD) |
Socks For Women  | 400 ISK (2.84 USD) | 10 BBD (5 USD) |
Wintercoat for Adults  | 8,000 ISK (56.80 USD) | 150 BBD (75 USD) |
Sportswear  | 6,000 ISK (42.60 USD) | 100 BBD (50 USD) |
If you lived in Iceland, instead of Barbados, you would have to pay 1.16 times more for Clothing and Footwear for Adults.
Indicators | Iceland | Barbados |
|---|---|---|
Children's Jeans  | 3,500 ISK (24.85 USD) | 40 BBD (20 USD) |
Children's Normal Sneakers  | 4,000 ISK (28.40 USD) | 60 BBD (30 USD) |
Children's Winter Coat  | 6,000 ISK (42.60 USD) | 80 BBD (40 USD) |
Daycare for Infant  | 25,000 ISK (177.50 USD) | 500 BBD (250 USD) |
Daycare for Toddler  | 20,000 ISK (142 USD) | 450 BBD (225 USD) |
Childcare for Sick Days  | 1,500 ISK (10.65 USD) | 80 BBD (40 USD) |
Early Childhood Education Programs  | 6,000 ISK (42.60 USD) | 400 BBD (200 USD) |
Extra Curricular Activities  | 3,000 ISK (21.30 USD) | 60 BBD (30 USD) |
Summer Camp for Kids  | 8,000 ISK (56.80 USD) | 500 BBD (250 USD) |
If you lived in Iceland, instead of Barbados, you would have to pay 1.98 times less for Childcare and kids clothing.
Indicators | Iceland | Barbados |
|---|---|---|
PreSchool Fees  | 30,000 ISK (213 USD) | 400 BBD (200 USD) |
Primary School Fees  | 40,000 ISK (284 USD) | 600 BBD (300 USD) |
Secondary School Fees  | 60,000 ISK (426 USD) | 800 BBD (400 USD) |
Private School Fees  | 80,000 ISK (568 USD) | 1,200 BBD (600 USD) |
University Tuition Fees  | 150,000 ISK (1,065 USD) | 5,000 BBD (2,500 USD) |
University Private Tuition Fees  | 200,000 ISK (1,420 USD) | 10,000 BBD (5,000 USD) |
After School Activities  | 5,000 ISK (35.50 USD) | 100 BBD (50 USD) |
Special Education Services  | 7,000 ISK (49.70 USD) | 300 BBD (150 USD) |
Tutoring  | 5,000 ISK (35.50 USD) | 50 BBD (25 USD) |
Textbooks Cost  | 4,000 ISK (28.40 USD) | 200 BBD (100 USD) |
School Supplies  | 2,000 ISK (14.20 USD) | 100 BBD (50 USD) |
If you lived in Iceland, instead of Barbados, you would have to pay 2.26 times less for school and education.
Indicators | Iceland | Barbados |
|---|---|---|
Movie Ticket (Single)  | 1,000 ISK (7.10 USD) | 20 BBD (10 USD) |
Theater Ticket (Single)  | 2,000 ISK (14.20 USD) | 40 BBD (20 USD) |
Concert Ticket (Single)  | 2,500 ISK (17.75 USD) | 80 BBD (40 USD) |
Sports Event Ticket (Single)  | 1,500 ISK (10.65 USD) | 60 BBD (30 USD) |
Gym Membership  | 6,000 ISK (42.60 USD) | 100 BBD (50 USD) |
Swimming Pool Access  | 5,000 ISK (35.50 USD) | 50 BBD (25 USD) |
Museum Entry Ticket  | 1,000 ISK (7.10 USD) | 20 BBD (10 USD) |
Zoo Entry Ticket  | 1,500 ISK (10.65 USD) | 15 BBD (7.50 USD) |
Amusement Park Entry Ticket  | 2,000 ISK (14.20 USD) | 30 BBD (15 USD) |
Bowling  | 1,000 ISK (7.10 USD) | 20 BBD (10 USD) |
Mini Golf  | 1,500 ISK (10.65 USD) | 25 BBD (12.50 USD) |
Video Games  | 5,000 ISK (35.50 USD) | 60 BBD (30 USD) |
Streaming Services  | 1,000 ISK (7.10 USD) | 15 BBD (7.50 USD) |
Outdoor Equipment Rental  | 1,000 ISK (7.10 USD) | 40 BBD (20 USD) |
Theme Park Annual Pass  | 50,000 ISK (355 USD) | 300 BBD (150 USD) |
If you lived in Iceland, instead of Barbados, you would have to pay 1.33 times more for entertainment, recreation and fun activities.
Indicators | Iceland | Barbados |
|---|---|---|
Language Classes  | 5,000 ISK (35.50 USD) | 100 BBD (50 USD) |
Parenting Classes  | 5,000 ISK (35.50 USD) | 50 BBD (25 USD) |
Art Classes  | 3,000 ISK (21.30 USD) | 30 BBD (15 USD) |
Fitness Classes  | 6,000 ISK (42.60 USD) | 20 BBD (10 USD) |
Music Lessons  | 4,000 ISK (28.40 USD) | 30 BBD (15 USD) |
Dance Lessons  | 4,000 ISK (28.40 USD) | 25 BBD (12.50 USD) |
Reading Materials for Classes  | 1,000 ISK (7.10 USD) | 20 BBD (10 USD) |
Educational Software  | 3,000 ISK (21.30 USD) | 50 BBD (25 USD) |
If you lived in Iceland, instead of Barbados, you would have to pay 1.35 times more for Private Classes.
Indicators | Iceland | Barbados |
|---|---|---|
Average Gross Monthly Salary  | 450,000 ISK (3,195 USD) | 4,000 BBD (2,000 USD) |
Average Net Monthly Salary  | 350,000 ISK (2,485 USD) | 3,000 BBD (1,500 USD) |
Minimum Wages  | 6,666.67 ISK per hour (47.33 USD) | 33.33 BBD per hour (16.67 USD) |
Average Bonus  | 40,000 ISK (284 USD) | 1,000 BBD (500 USD) |
Income Tax Rate  | 0 to 24 % | 0 to 17.5 % |
Social Security Contributions  | 7 % | 8 % |
Pension Contributions  | 8 % | 5 % |
Cost of Living Index  | 12 | 75 |
Median Household Income  | 400,000 ISK (2,840 USD) | 40,000 BBD (20,000 USD) |
If you lived in Iceland, you would earn 2.71 times less salary as compared to Barbados.
Indicators | Iceland | Barbados |
|---|---|---|
Legal Consultation Per Hour Rate  | 10,000 ISK (71 USD) | 200 BBD (100 USD) |
Accounting Services Per Hour Rate  | 7,000 ISK (49.70 USD) | 100 BBD (50 USD) |
IT Support Services Per Hour Rate  | 5,000 ISK (35.50 USD) | 80 BBD (40 USD) |
Technician Services Per Hour Rate  | 4,000 ISK (28.40 USD) | 60 BBD (30 USD) |
Professional Services cost 1.19 times less in Iceland, as compared to Barbados.
We hope you enjoyed the detailed guide on the cost of living comparsion between Iceland and Barbados.
For more side-by-side comparsion between Countries, States and Cities, you can use the search box above or click the links below.
The Comparedoo.com family sincerely appreciates your time with us. We look forward to seeing you on our other pages.
