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

😐 Solo nomad: Akranes is 60.3% more expensive than Petoskey, MI without rent, and 47.8% more expensive with rent.

😐 Family of 3: Akranes is 91.2% more expensive than Petoskey, MI without rent, and 67.3% more expensive with rent.

Meal at Budget Restaurant

$26.99 ISK 3,437

$15.17 $15.17

77.92%

Three-Course Dinner for Two, Mid-Range

$147 ISK 18.7K

$71.3 $71.3

105.70%

Fast Food Meal (McDonalds, etc)

$22.72 ISK 2,894

$11.18 $11.18

103.22%

Cappuccino

$5.88 ISK 749

$4.83 $4.83

21.74%

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

$3.23 ISK 411

$1.95 $1.95

65.64%

Water (0.33 liter bottle)

$2.45 ISK 312

$1.02 $1.02

140.20%

Local Beer (0.5 liter draught)

$10.51 ISK 1,338

$5.9 $5.9

78.14%

Imported Beer (0.33 liter bottle)

$7.84 ISK 998

$7.1 $7.1

10.42%

Milk (1 liter)

$1.88 ISK 240

$0.9 $0.9

108.89%

White Bread (500g)

$1.96 ISK 250

$1.12 $1.12

75.00%

Rice (white) (1kg)

$3.69 ISK 469

$4.36 $4.36

-15.37%

Eggs

$6.12 ISK 780

$3.17 $3.17

93.06%

Local Cheese (1kg)

$18.09 ISK 2,303

$15.38 $15.38

17.62%

Chicken Fillets (1kg)

$24.17 ISK 3,077

$12.22 $12.22

97.79%

Beef Round Steak (1kg)

$42.66 ISK 5,433

$15.03 $15.03

183.83%

Apples (1kg)

$3.26 ISK 415

$4.1 $4.1

-20.49%

Banana (1kg)

$2.42 ISK 308

$1.32 $1.32

83.33%

Oranges (1kg)

$3.12 ISK 397

$3.37 $3.37

-7.42%

Tomato (1kg)

$4.81 ISK 612

$4.29 $4.29

12.12%

Potato (1kg)

$3.64 ISK 463

$2.21 $2.21

64.71%

Onion (1kg)

$2.41 ISK 308

$2.88 $2.88

-16.32%

Lettuce (1 head)

$3.06 ISK 389

$2.45 $2.45

24.90%

Water (1.5 liter bottle)

$1.95 ISK 249

$2.03 $2.03

-3.94%

Cigarettes 20 Pack (Marlboro, Camel)

$13.69 ISK 1,744

$9.18 $9.18

49.13%

Wine (Bottle)

$24.3 ISK 3,095

$11.94 $11.94

103.52%

Local Beer (0.5 liter bottle)

$2.84 ISK 362

$1.8 $1.8

57.78%

Imported Beer (0.33 liter bottle)

$1.99 ISK 254

$2.45 $2.45

-18.78%

One-way Ticket (Public Transport)

$3.52 ISK 448

$2.01 $2.01

75.12%

Public Transport Monthly Pass (Regular Price)

$71 ISK 9,047

Taxi Start (Normal Tariff)

$6.2 ISK 790

$4.76 $4.76

30.25%

Taxi (Normal Tariff) (1km)

$1.05 ISK 134

$1.65 $1.65

-36.36%

Taxi 1hour Waiting (Normal Tariff)

$86.1 ISK 11K

$28.77 $28.77

199.41%

Gasoline (1 liter)

$2.43 ISK 309

$0.91 $0.91

167.03%

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

$47.4K ISK 6M

$25.3K $25.3K

87.50%

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

$53.2K ISK 6.8M

$24.7K $24.7K

115.15%

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

$86.3 ISK 11K

$120 $120

-28.26%

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

$27.75 ISK 3,534

$44.63 $44.63

-37.82%

Internet (50+ Mbps, Unlimited Data)

$84.2 ISK 10.7K

$61.8 $61.8

36.40%

Gym Membership (Monthly)

$43.33 $43.33

Cinema Ticket

$17.51 ISK 2,230

$11.17 $11.17

56.76%

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

$327 ISK 41.6K

$967 $967

-66.21%

International Primary School, 1 Child (Yearly)

$29.7K ISK 3.8M

$20.9K $20.9K

41.93%

Jeans (Levis 501 Or Similar)

$138 ISK 17.6K

$59.2 $59.2

133.69%

Summer Dress (H&M, Zara, etc)

$61.9 ISK 7,879

$39.7 $39.7

55.84%

Sport Shoes (Adidas, Nike)

$180 ISK 22.9K

$78.9 $78.9

127.83%

Men's Leather Business Shoes

$267 ISK 34K

$119 $119

124.45%

1-bedroom Apartment, City Center (Monthly)

$2,932 ISK 373.4K

$1,595 $1,595

83.80%

1-bedroom Apartment, Outside City Center (Monthly)

$1,849 ISK 235.4K

$1,331 $1,331

38.94%

3-bedroom Apartment, City Center (Monthly)

$4,751 ISK 605K

$2,667 $2,667

78.13%

3-bedroom Apartment, Outside City Center (Monthly)

$3,654 ISK 465.3K

$2,262 $2,262

61.53%

Buy Apartment in City Center (m2)

$3,472 $3,472

Buy Apartment Outside City Center (m2)

$2,617 $2,617

Average Monthly Net Salary (After Tax)

$5,458 ISK 695K

$2,700 $2,700

102.13%

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: November 30, 2025

Last update for Petoskey, MI: November 30, 2025

Digital Nomad Cost of Living Index

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