Last update: Oct 2026

Cost of Living Comparison Between Akranes and Egilsstadir

For one person, living is cheaper in Egilsstadir: $622 a month against $3,713 in Akranes, rent and utilities included – about $37,100 less a year. Rent and utilities account for most of the difference.

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Cost of Living Index in Akranes
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Akranes Living Index

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Akranes

🇮🇸 Iceland

$3,713

/mo nomad

Egilsstadir

🇮🇸 Iceland

$622

/mo nomad

Monthly Cost of Living

How much you'll spend in Akranes and in Egilsstadir

Real prices from locals and on-the-ground checks – rent, groceries, transit and the daily extras. Here's what a month in Akranes and in Egilsstadir actually costs, broken down by who's living it.

Monthly costs for one person with rent: $3,713 in Akranes versus $622 in Egilsstadir.

Akranes $3,713
Egilsstadir $622

Estimated couple costs with rent: $5,859 in Akranes versus $1,036 in Egilsstadir.

Akranes $5,859
Egilsstadir $1,036

Monthly costs for a family of three with rent: $8,006 in Akranes versus $1,449 in Egilsstadir.

Akranes $8,006
Egilsstadir $1,449

Living in Akranes is roughly 496% more expensive than in Egilsstadir, and outside of rent the biggest gap is in transport.

The two cities straddle the global median: Akranes is 173% above, Egilsstadir is 54% below.

Meal at Budget Restaurant

$31.70 ISK 3,848

Three-Course Dinner for Two, Mid-Range

$123 ISK 15.0K

Fast Food Meal (McDonalds, etc)

$26.72 ISK 3,243

Cappuccino

$6.01 ISK 730

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

$3.19 ISK 388

Water (0.33 liter bottle)

$2.51 ISK 304

Local Beer (0.5 liter draught)

$10.69 ISK 1,298

Imported Beer (0.33 liter bottle)

$8.10 ISK 984

Milk (1 liter)

$2.10 ISK 255

$1.66 ISK 202

26.51%

White Bread (500g)

$2.04 ISK 248

$2.80 ISK 340

-27.14%

Rice (white) (1kg)

$3.71 ISK 451

$2.47 ISK 299

50.20%

Eggs

$6.26 ISK 760

$5.65 ISK 686

10.80%

Local Cheese (1kg)

$20.35 ISK 2,470

$22.02 ISK 2,673

-7.58%

Chicken Fillets (1kg)

$24.72 ISK 3,001

$32.21 ISK 3,911

-23.25%

Beef Round Steak (1kg)

$42.16 ISK 5,119

$43.35 ISK 5,263

-2.75%

Apples (1kg)

$3.30 ISK 400

$2.74 ISK 333

20.44%

Banana (1kg)

$2.72 ISK 330

$2.40 ISK 292

13.33%

Oranges (1kg)

$3.23 ISK 392

$2.53 ISK 307

27.67%

Tomato (1kg)

$4.89 ISK 593

$3.87 ISK 470

26.36%

Potato (1kg)

$3.82 ISK 463

$4.47 ISK 542

-14.54%

Onion (1kg)

$1.71 ISK 207

$2.12 ISK 258

-19.34%

Lettuce (1 head)

$3.65 ISK 443

$2.14 ISK 260

70.56%

Water (1.5 liter bottle)

$1.81 ISK 220

$2.23 ISK 270

-18.83%

Cigarettes 20 Pack (Marlboro, Camel)

$13.90 ISK 1,687

Wine (Bottle)

$23.57 ISK 2,862

$22.37 ISK 2,716

5.36%

Local Beer (0.5 liter bottle)

$2.88 ISK 350

$3.95 ISK 479

-27.09%

Imported Beer (0.33 liter bottle)

$2.07 ISK 251

$3.48 ISK 423

-40.52%

One-way Ticket (Public Transport)

$3.61 ISK 439

Public Transport Monthly Pass (Regular Price)

$72.3 ISK 8,778

Taxi Start (Normal Tariff)

$6.55 ISK 795

$6.21 ISK 754

5.48%

Taxi (Normal Tariff) (1km)

$1.25 ISK 152

Taxi 1hour Waiting (Normal Tariff)

$81.9 ISK 9,944

Gasoline (1 liter)

$2.08 ISK 252

$2.40 ISK 292

-13.33%

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

$67.8K ISK 8.2M

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

$54.6K ISK 6.6M

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

$96.4 ISK 11.7K

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

$33.29 ISK 4,041

Internet (50+ Mbps, Unlimited Data)

$85.0 ISK 10.3K

Gym Membership (Monthly)

$104 ISK 12.6K

Cinema Ticket

$19.29 ISK 2,342

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

$1,205 ISK 146.3K

International Primary School, 1 Child (Yearly)

$26.1K ISK 3.2M

Jeans (Levis 501 Or Similar)

$150 ISK 18.2K

Summer Dress (H&M, Zara, etc)

$67.1 ISK 8,147

Sport Shoes (Adidas, Nike)

$179 ISK 21.7K

Men's Leather Business Shoes

$246 ISK 29.8K

1-bedroom Apartment, City Center (Monthly)

$3,064 ISK 372.0K

1-bedroom Apartment, Outside City Center (Monthly)

$1,889 ISK 229.3K

3-bedroom Apartment, City Center (Monthly)

$5,013 ISK 608.6K

3-bedroom Apartment, Outside City Center (Monthly)

$3,654 ISK 443.6K

Average Monthly Net Salary (After Tax)

$5,704 ISK 692.5K

20-Year Fixed Mortgage Interest Rate (Annual %)

8.81

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

Last update for Akranes: October 27, 2026

Last update for Egilsstadir: October 26, 2026

Monthly budget structure

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

Accommodation & Living

Akranes

$1.9K 50.9%

Egilsstadir

–

Groceries & Markets

Akranes

$579 15.6%

Egilsstadir

–

Eating Out

Akranes

$498 13.4%

Egilsstadir

–

Clothing & Footwear

Akranes

$289 7.8%

Egilsstadir

–

Monthly Utilities & Internet

Akranes

$215 5.8%

Egilsstadir

–

Sport & Entertainment

Akranes

$143 3.9%

Egilsstadir

–

Getting Around

Akranes

$100 2.7%

Egilsstadir

–

Good to know

🇮🇸 Akranes

🇮🇸 Egilsstadir

🕒 Local time

07:02 7:02 AM

Same time as Akranes

🌤 Weather

👥 Population

7,800

2,500

💱 Currency

Icelandic Króna ISK kr

📈 Exchange rate

1,000 ISK = 8.24 USD

1,000 ISK = 7.38 EUR

1,000 ISK = 8.24 USD

1,000 ISK = 7.38 EUR

Exchange rates and currency converter

On the map

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Akranes Egilsstadir 380 km

From you

Akranes
Egilsstadir

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

Akranes vs Egilsstadir: Cost of Living - Frequently Asked Questions

Egilsstadir wins on cost – living expenses run 83% lower than in Akranes. Housing and daily spending are where you’ll feel the difference most, making Egilsstadir the obvious pick if budget is a priority.

You’d need roughly $5,569 in Akranes and $934 in Egilsstadir to live well. The gap comes down to housing and overall price levels. Both cities are liveable on less, but these numbers represent actual comfort.

Shoppers in Akranes pay roughly 6% less for everyday groceries. It’s an unusual reversal that partly offsets higher costs elsewhere.

All in, you’ll spend $3,713 per month in Akranes versus $622 in Egilsstadir – Egilsstadir is about 83% cheaper, which adds up to real savings over time.

At $622 in Egilsstadir versus $3,713 in Akranes, a $1,000 budget is realistic in Egilsstadir but tight or insufficient in Akranes. The gap between the two cities makes Egilsstadir the clear choice for anyone on this budget.

Both cities offer a good standard of living with different trade-offs. Neither is objectively better – the right pick depends on what matters most: affordability, career, cultural scene, or climate.

Safety-wise, Akranes and Egilsstadir are both considered safe, so it’s unlikely to be the deciding factor between them.