Cost of Living Comparison Between Akranes and Reykjavik Cost of Living Comparison Between Akranes and Reykjavik

🙂 Solo nomad: Akranes is 1.3% cheaper than Reykjavik without rent, and 8.4% cheaper with rent.

😐 Family of 3: Akranes is 3.1% more expensive than Reykjavik without rent, and 9.9% more expensive with rent.

Meal at Budget Restaurant

$27.06 ISK 3,386

$27.22 ISK 3,406

-0.59%

Three-Course Dinner for Two, Mid-Range

$144 ISK 18.0K

$145 ISK 18.1K

-0.32%

Fast Food Meal (McDonalds, etc)

$22.09 ISK 2,764

$22.41 ISK 2,804

-1.43%

Cappuccino

$5.98 ISK 748

$5.94 ISK 744

0.67%

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

$3.12 ISK 390

$3.26 ISK 408

-4.29%

Water (0.33 liter bottle)

$2.43 ISK 304

$2.54 ISK 318

-4.33%

Local Beer (0.5 liter draught)

$10.49 ISK 1,313

$12.83 ISK 1,606

-18.24%

Imported Beer (0.33 liter bottle)

$7.95 ISK 994

$11.46 ISK 1,434

-30.63%

Milk (1 liter)

$1.95 ISK 244

$1.88 ISK 236

3.72%

White Bread (500g)

$2.00 ISK 250

$4.33 ISK 542

-53.81%

Rice (white) (1kg)

$3.56 ISK 445

$3.57 ISK 447

-0.28%

Eggs

$5.90 ISK 739

$6.56 ISK 821

-10.06%

Local Cheese (1kg)

$18.35 ISK 2,296

$18.18 ISK 2,275

0.94%

Chicken Fillets (1kg)

$24.33 ISK 3,045

$24.52 ISK 3,068

-0.77%

Beef Round Steak (1kg)

$41.63 ISK 5,210

$42.03 ISK 5,260

-0.95%

Apples (1kg)

$3.22 ISK 403

$3.20 ISK 400

0.63%

Banana (1kg)

$2.43 ISK 305

$2.42 ISK 303

0.41%

Oranges (1kg)

$2.96 ISK 370

$3.06 ISK 383

-3.27%

Tomato (1kg)

$4.85 ISK 606

$4.86 ISK 609

-0.21%

Potato (1kg)

$3.52 ISK 440

$3.66 ISK 458

-3.83%

Onion (1kg)

$2.33 ISK 291

$2.34 ISK 293

-0.43%

Lettuce (1 head)

$3.06 ISK 383

$3.14 ISK 393

-2.55%

Water (1.5 liter bottle)

$1.95 ISK 244

$2.02 ISK 253

-3.47%

Cigarettes 20 Pack (Marlboro, Camel)

$13.41 ISK 1,677

$13.91 ISK 1,741

-3.59%

Wine (Bottle)

$23.60 ISK 2,954

$23.74 ISK 2,971

-0.59%

Local Beer (0.5 liter bottle)

$2.84 ISK 355

$3.69 ISK 462

-23.04%

Imported Beer (0.33 liter bottle)

$2.04 ISK 256

$3.23 ISK 404

-36.84%

One-way Ticket (Public Transport)

$3.51 ISK 440

$5.29 ISK 662

-33.65%

Public Transport Monthly Pass (Regular Price)

$72.0 ISK 9,014

$88.2 ISK 11.0K

-18.33%

Taxi Start (Normal Tariff)

$6.50 ISK 813

$6.54 ISK 818

-0.61%

Taxi (Normal Tariff) (1km)

$1.04 ISK 130

$2.60 ISK 326

-60.00%

Taxi 1hour Waiting (Normal Tariff)

$86.8 ISK 10.9K

$85.8 ISK 10.7K

1.11%

Gasoline (1 liter)

$2.55 ISK 319

$2.51 ISK 315

1.59%

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

$46.9K ISK 5.9M

$47.1K ISK 5.9M

-0.54%

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

$52.4K ISK 6.6M

$52.6K ISK 6.6M

-0.20%

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

$89.3 ISK 11.2K

$89.2 ISK 11.2K

0.16%

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

$27.35 ISK 3,422

$27.07 ISK 3,387

1.03%

Internet (50+ Mbps, Unlimited Data)

$85.2 ISK 10.7K

$84.2 ISK 10.5K

1.27%

Gym Membership (Monthly)

$84.0 ISK 10.5K

Tennis Court (1 Hour on Weekend)

$38.09 ISK 4,766

Cinema Ticket

$17.78 ISK 2,225

$17.42 ISK 2,180

2.07%

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

$321 ISK 40.1K

$324 ISK 40.5K

-0.97%

International Primary School, 1 Child (Yearly)

$29.6K ISK 3.7M

$30.5K ISK 3.8M

-2.78%

Jeans (Levis 501 Or Similar)

$141 ISK 17.7K

-0.23%

Summer Dress (H&M, Zara, etc)

$61.2 ISK 7,652

$62.6 ISK 7,836

-2.36%

Sport Shoes (Adidas, Nike)

$180 ISK 22.5K

$183 ISK 22.9K

-1.99%

Men's Leather Business Shoes

$267 ISK 33.5K

$268 ISK 33.5K

-0.24%

1-bedroom Apartment, City Center (Monthly)

$3,016 ISK 377.4K

$2,197 ISK 274.9K

37.31%

1-bedroom Apartment, Outside City Center (Monthly)

$1,896 ISK 237.2K

$2,053 ISK 256.9K

-7.68%

3-bedroom Apartment, City Center (Monthly)

$4,768 ISK 596.6K

$3,159 ISK 395.2K

50.94%

3-bedroom Apartment, Outside City Center (Monthly)

$3,568 ISK 446.5K

$2,728 ISK 341.4K

30.79%

Buy Apartment in City Center (m2)

$7,833 ISK 980.1K

Buy Apartment Outside City Center (m2)

$6,268 ISK 784.4K

Average Monthly Net Salary (After Tax)

$5,728 ISK 716.8K

$4,471 ISK 559.5K

28.11%

20-Year Fixed Mortgage Interest Rate (Annual %)

9.63

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

Last update for Akranes: March 1, 2026

Last update for Reykjavik: March 3, 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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