Cost of Living Comparison Between Akranes and Petoskey, MI Cost of Living Comparison Between Akranes and Petoskey, MI

😐 Solo nomad: Akranes is 110.1% more expensive than Petoskey, MI without rent, and 46.4% more expensive with rent.

😐 Family of 3: Akranes is 46% more expensive than Petoskey, MI without rent, and 62.7% more expensive with rent.

Meal at Budget Restaurant

$27.36 ISK 3,446

$14.78 $14.78

85.12%

Three-Course Dinner for Two, Mid-Range

$146 ISK 18.4K

$69.8 $69.8

108.85%

Fast Food Meal (McDonalds, etc)

$22.31 ISK 2,811

$10.83 $10.83

106.00%

Cappuccino

$6.05 ISK 763

$4.63 $4.63

30.67%

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

$3.15 ISK 397

$2.02 $2.02

55.94%

Water (0.33 liter bottle)

$2.41 ISK 304

$1.02 $1.02

136.27%

Local Beer (0.5 liter draught)

$10.34 ISK 1,303

$6.16 $6.16

67.86%

Imported Beer (0.33 liter bottle)

$7.80 ISK 983

$7.19 $7.19

8.48%

Milk (1 liter)

$1.90 ISK 239

$0.88 $0.88

115.91%

White Bread (500g)

$2.02 ISK 255

$1.12 $1.12

80.36%

Rice (white) (1kg)

$3.59 ISK 453

$4.50 $4.50

-20.22%

Eggs

$5.94 ISK 748

$3.26 $3.26

82.21%

Local Cheese (1kg)

$18.33 ISK 2,309

$15.27 $15.27

20.04%

Chicken Fillets (1kg)

$24.13 ISK 3,039

$12.23 $12.23

97.30%

Beef Round Steak (1kg)

$42.32 ISK 5,330

$14.84 $14.84

185.18%

Apples (1kg)

$3.22 ISK 406

$4.22 $4.22

-23.70%

Banana (1kg)

$2.41 ISK 303

$1.38 $1.38

74.64%

Oranges (1kg)

$2.97 ISK 374

$3.24 $3.24

-8.33%

Tomato (1kg)

$4.77 ISK 601

$4.27 $4.27

11.71%

Potato (1kg)

$3.70 ISK 466

$2.11 $2.11

75.36%

Onion (1kg)

$2.41 ISK 304

$2.89 $2.89

-16.61%

Lettuce (1 head)

$3.15 ISK 397

$2.46 $2.46

28.05%

Water (1.5 liter bottle)

$2.02 ISK 255

$2.10 $2.10

-3.81%

Cigarettes 20 Pack (Marlboro, Camel)

$13.77 ISK 1,734

$9.21 $9.21

49.51%

Wine (Bottle)

$23.90 ISK 3,011

$14.66 $14.66

63.03%

Local Beer (0.5 liter bottle)

$2.78 ISK 351

$1.83 $1.83

51.91%

Imported Beer (0.33 liter bottle)

$1.98 ISK 250

$2.43 $2.43

-18.52%

One-way Ticket (Public Transport)

$3.66 ISK 461

$1.98 $1.98

84.85%

Public Transport Monthly Pass (Regular Price)

$71.3 ISK 8,977

Taxi Start (Normal Tariff)

$6.39 ISK 804

$4.65 $4.65

37.42%

Taxi (Normal Tariff) (1km)

$1.04 ISK 131

$1.67 $1.67

-37.72%

Taxi 1hour Waiting (Normal Tariff)

$85.9 ISK 10.8K

$28.24 $28.24

204.07%

Gasoline (1 liter)

$2.43 ISK 306

$0.91 $0.91

167.03%

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

$46.5K ISK 5.9M

$24.6K $24.6K

89.28%

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

$52.2K ISK 6.6M

$24.6K $24.6K

112.55%

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

$87.1 ISK 11.0K

$116 $116

-25.11%

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

$26.95 ISK 3,394

$45.36 $45.36

-40.59%

Internet (50+ Mbps, Unlimited Data)

$85.5 ISK 10.8K

$61.7 $61.7

38.55%

Gym Membership (Monthly)

$42.52 $42.52

Cinema Ticket

$17.73 ISK 2,234

$11.18 $11.18

58.59%

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

$322 ISK 40.6K

$938 $938

-65.66%

International Primary School, 1 Child (Yearly)

$29.9K ISK 3.8M

$20.9K $20.9K

43.05%

Jeans (Levis 501 Or Similar)

$142 ISK 17.8K

$59.3 $59.3

138.72%

Summer Dress (H&M, Zara, etc)

$60.9 ISK 7,669

$40.42 $40.42

50.62%

Sport Shoes (Adidas, Nike)

$184 ISK 23.2K

$78.6 $78.6

134.37%

Men's Leather Business Shoes

$264 ISK 33.3K

$121 $121

118.55%

1-bedroom Apartment, City Center (Monthly)

$3,023 ISK 380.8K

$1,572 $1,572

92.35%

1-bedroom Apartment, Outside City Center (Monthly)

$1,884 ISK 237.3K

$1,332 $1,332

41.45%

3-bedroom Apartment, City Center (Monthly)

$4,833 ISK 608.8K

$2,640 $2,640

83.04%

3-bedroom Apartment, Outside City Center (Monthly)

$3,648 ISK 459.5K

$2,206 $2,206

65.37%

Buy Apartment in City Center (m2)

$2,750 $2,750

Buy Apartment Outside City Center (m2)

$2,378 $2,378

Average Monthly Net Salary (After Tax)

$5,462 ISK 688.0K

$2,659 $2,659

105.44%

20-Year Fixed Mortgage Interest Rate (Annual %)

9.63

6.51

47.93%

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

Last update for Akranes: January 11, 2026

Last update for Petoskey, MI: January 13, 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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