Cost of Living Comparison Between Akranes and Akureyri Cost of Living Comparison Between Akranes and Akureyri

😐 Solo nomad: Akranes is 85.7% more expensive than Akureyri without rent, and 23.5% more expensive with rent.

😐 Family of 3: Akranes is 62.1% more expensive than Akureyri without rent, and 59.9% more expensive with rent.

Meal at Budget Restaurant

$27.19 ISK 3,324

$24.07 ISK 2,942

12.96%

Three-Course Dinner for Two, Mid-Range

$147 ISK 17.9K

$130 ISK 15.9K

12.81%

Fast Food Meal (McDonalds, etc)

$22.63 ISK 2,767

$22.08 ISK 2,699

2.49%

Cappuccino

$5.93 ISK 725

$4.74 ISK 579

25.11%

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

$3.14 ISK 384

$3.44 ISK 420

-8.72%

Water (0.33 liter bottle)

$2.41 ISK 295

$3.10 ISK 379

-22.26%

Local Beer (0.5 liter draught)

$10.37 ISK 1,268

$11.06 ISK 1,351

-6.24%

Imported Beer (0.33 liter bottle)

$7.82 ISK 956

$9.48 ISK 1,159

-17.51%

Milk (1 liter)

$1.86 ISK 227

$2.83 ISK 346

-34.28%

White Bread (500g)

$1.95 ISK 239

$2.23 ISK 273

-12.56%

Rice (white) (1kg)

$3.74 ISK 457

$3.13 ISK 383

19.49%

Eggs

$6.00 ISK 734

$8.01 ISK 979

-25.09%

Local Cheese (1kg)

$17.88 ISK 2,186

Chicken Fillets (1kg)

$24.48 ISK 2,992

$24.08 ISK 2,943

1.66%

Beef Round Steak (1kg)

$42.24 ISK 5,164

Apples (1kg)

$3.23 ISK 395

Banana (1kg)

$2.42 ISK 296

Oranges (1kg)

$3.01 ISK 368

Tomato (1kg)

$4.84 ISK 592

Potato (1kg)

$3.69 ISK 451

Onion (1kg)

$2.42 ISK 296

Lettuce (1 head)

$3.04 ISK 372

Water (1.5 liter bottle)

$1.99 ISK 244

Cigarettes 20 Pack (Marlboro, Camel)

$13.53 ISK 1,654

$13.21 ISK 1,615

2.42%

Wine (Bottle)

$23.92 ISK 2,924

Local Beer (0.5 liter bottle)

$2.85 ISK 349

Imported Beer (0.33 liter bottle)

$1.99 ISK 244

One-way Ticket (Public Transport)

$3.57 ISK 437

Public Transport Monthly Pass (Regular Price)

$73.7 ISK 9,003

Taxi Start (Normal Tariff)

$6.24 ISK 763

Taxi (Normal Tariff) (1km)

$1.06 ISK 129

Taxi 1hour Waiting (Normal Tariff)

$84.9 ISK 10.4K

Gasoline (1 liter)

$2.43 ISK 297

$2.53 ISK 309

-3.95%

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

$48.0K ISK 5.9M

$39.7K ISK 4.9M

21.01%

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

$53.1K ISK 6.5M

$65.4K ISK 8.0M

-18.86%

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

$89.2 ISK 10.9K

$119 ISK 14.5K

-24.92%

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

$27.36 ISK 3,344

$25.31 ISK 3,094

8.10%

Internet (50+ Mbps, Unlimited Data)

$84.5 ISK 10.3K

$159 ISK 19.5K

-47.00%

Gym Membership (Monthly)

$83.1 ISK 10.2K

Cinema Ticket

$17.71 ISK 2,165

$15.01 ISK 1,835

17.99%

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

$328 ISK 40.0K

$356 ISK 43.5K

-7.96%

International Primary School, 1 Child (Yearly)

$30.5K ISK 3.7M

Jeans (Levis 501 Or Similar)

$141 ISK 17.3K

$81.5 ISK 9,963

73.23%

Summer Dress (H&M, Zara, etc)

$61.1 ISK 7,473

Sport Shoes (Adidas, Nike)

$180 ISK 21.9K

$122 ISK 14.9K

47.22%

Men's Leather Business Shoes

$271 ISK 33.1K

1-bedroom Apartment, City Center (Monthly)

$3,030 ISK 370.4K

$1,794 ISK 219.4K

68.84%

1-bedroom Apartment, Outside City Center (Monthly)

$1,850 ISK 226.1K

$1,784 ISK 218.1K

3.67%

3-bedroom Apartment, City Center (Monthly)

$4,763 ISK 582.3K

3-bedroom Apartment, Outside City Center (Monthly)

$3,574 ISK 436.8K

$2,116 ISK 258.6K

68.89%

Buy Apartment in City Center (m2)

$6,507 ISK 795.4K

Buy Apartment Outside City Center (m2)

$6,582 ISK 804.6K

Average Monthly Net Salary (After Tax)

$5,631 ISK 688.3K

20-Year Fixed Mortgage Interest Rate (Annual %)

9.63

9.4

2.45%

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

Last update for Akranes: February 12, 2026

Last update for Akureyri: February 12, 2026

City Median Internet Speeds Comparison (Updated December 2025)

The chart highlights the Precision Threshold for mobile and fixed broadband internet speeds, updated quarterly.

Digital Nomad Cost of Living Index

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