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

😐 Solo nomad: Akranes is 2.3% more expensive than Reykjavik without rent, and 8.7% cheaper with rent.

🙂 Family of 3: Akranes is 14% cheaper than Reykjavik without rent, and 5.2% more expensive with rent.

Meal at Budget Restaurant

$27.36 ISK 3,446

$26.70 ISK 3,364

2.47%

Three-Course Dinner for Two, Mid-Range

$146 ISK 18.4K

$145 ISK 18.2K

0.77%

Fast Food Meal (McDonalds, etc)

$22.31 ISK 2,811

$22.39 ISK 2,820

-0.36%

Cappuccino

$6.05 ISK 763

$6.06 ISK 764

-0.17%

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

$3.15 ISK 397

$3.28 ISK 414

-3.96%

Water (0.33 liter bottle)

$2.41 ISK 304

$2.62 ISK 330

-8.02%

Local Beer (0.5 liter draught)

$10.34 ISK 1,303

$13.02 ISK 1,640

-20.58%

Imported Beer (0.33 liter bottle)

$7.80 ISK 983

$11.28 ISK 1,421

-30.85%

Milk (1 liter)

$1.90 ISK 239

$1.87 ISK 235

1.60%

White Bread (500g)

$2.02 ISK 255

$4.32 ISK 544

-53.24%

Rice (white) (1kg)

$3.59 ISK 453

$3.71 ISK 468

-3.23%

Eggs

$5.94 ISK 748

$6.52 ISK 821

-8.90%

Local Cheese (1kg)

$18.33 ISK 2,310

$18.16 ISK 2,288

0.94%

Chicken Fillets (1kg)

$24.13 ISK 3,039

$23.83 ISK 3,002

1.26%

Beef Round Steak (1kg)

$42.32 ISK 5,331

$42.83 ISK 5,395

-1.19%

Apples (1kg)

$3.22 ISK 406

$3.37 ISK 424

-4.45%

Banana (1kg)

$2.41 ISK 303

$2.50 ISK 315

-3.60%

Oranges (1kg)

$2.97 ISK 374

$3.03 ISK 382

-1.98%

Tomato (1kg)

$4.77 ISK 601

$4.98 ISK 627

-4.22%

Potato (1kg)

$3.70 ISK 466

$3.66 ISK 461

1.09%

Onion (1kg)

$2.41 ISK 304

$2.40 ISK 302

0.42%

Lettuce (1 head)

$3.15 ISK 397

$3.06 ISK 386

2.94%

Water (1.5 liter bottle)

$2.02 ISK 255

$2.01 ISK 253

0.50%

Cigarettes 20 Pack (Marlboro, Camel)

$13.77 ISK 1,734

$13.82 ISK 1,741

-0.36%

Wine (Bottle)

$23.90 ISK 3,011

$23.58 ISK 2,971

1.36%

Local Beer (0.5 liter bottle)

$2.78 ISK 351

$3.55 ISK 447

-21.69%

Imported Beer (0.33 liter bottle)

$1.98 ISK 250

$3.24 ISK 408

-38.89%

One-way Ticket (Public Transport)

$3.66 ISK 461

$5.19 ISK 654

-29.48%

Public Transport Monthly Pass (Regular Price)

$71.3 ISK 8,978

$87.7 ISK 11.0K

-18.71%

Taxi Start (Normal Tariff)

$6.39 ISK 804

$6.18 ISK 778

3.40%

Taxi (Normal Tariff) (1km)

$1.04 ISK 131

$2.64 ISK 333

-60.61%

Taxi 1hour Waiting (Normal Tariff)

$85.9 ISK 10.8K

$87.3 ISK 11.0K

-1.60%

Gasoline (1 liter)

$2.43 ISK 306

$2.56 ISK 322

-5.08%

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

$46.5K ISK 5.9M

$48.0K ISK 6.0M

-3.08%

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

$52.2K ISK 6.6M

$52.5K ISK 6.6M

-0.44%

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

$87.1 ISK 11.0K

$88.6 ISK 11.2K

-1.77%

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

$26.95 ISK 3,394

$27.96 ISK 3,522

-3.61%

Internet (50+ Mbps, Unlimited Data)

$85.5 ISK 10.8K

$84.7 ISK 10.7K

1.02%

Gym Membership (Monthly)

$81.7 ISK 10.3K

Tennis Court (1 Hour on Weekend)

$38.00 ISK 4,786

Cinema Ticket

$17.73 ISK 2,234

$17.53 ISK 2,208

1.14%

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

$322 ISK 40.6K

$316 ISK 39.7K

2.05%

International Primary School, 1 Child (Yearly)

$29.9K ISK 3.8M

$30.1K ISK 3.8M

-0.59%

Jeans (Levis 501 Or Similar)

$142 ISK 17.8K

$140 ISK 17.6K

1.38%

Summer Dress (H&M, Zara, etc)

$60.9 ISK 7,670

$62.4 ISK 7,863

-2.47%

Sport Shoes (Adidas, Nike)

$184 ISK 23.2K

$182 ISK 22.9K

1.21%

Men's Leather Business Shoes

$264 ISK 33.3K

$264 ISK 33.2K

0.26%

1-bedroom Apartment, City Center (Monthly)

$3,023 ISK 380.8K

$2,225 ISK 280.3K

35.85%

1-bedroom Apartment, Outside City Center (Monthly)

$1,884 ISK 237.3K

$2,047 ISK 257.9K

-7.98%

3-bedroom Apartment, City Center (Monthly)

$4,833 ISK 608.8K

$3,154 ISK 397.3K

53.22%

3-bedroom Apartment, Outside City Center (Monthly)

$3,648 ISK 459.6K

$2,691 ISK 339.0K

35.58%

Buy Apartment in City Center (m2)

$7,541 ISK 949.9K

Buy Apartment Outside City Center (m2)

$6,257 ISK 788.1K

Average Monthly Net Salary (After Tax)

$5,462 ISK 688.1K

$4,489 ISK 565.5K

21.68%

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: January 11, 2026

Last update for Reykjavik: January 10, 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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