Cost of Living Comparison Between Akranes and Selfoss Cost of Living Comparison Between Akranes and Selfoss

😐 Solo nomad: Akranes is 213% more expensive than Selfoss without rent, and 0.4% cheaper with rent.

😐 Family of 3: Akranes is 138% more expensive than Selfoss without rent, and 424.3% more expensive with rent.

Meal at Budget Restaurant

$27.36 ISK 3,446

Three-Course Dinner for Two, Mid-Range

$146 ISK 18.4K

Fast Food Meal (McDonalds, etc)

$22.31 ISK 2,811

$20.36 ISK 2,565

9.58%

Cappuccino

$6.05 ISK 763

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

$3.15 ISK 397

Water (0.33 liter bottle)

$2.41 ISK 304

Local Beer (0.5 liter draught)

$10.34 ISK 1,303

$12.28 ISK 1,547

-15.80%

Imported Beer (0.33 liter bottle)

$7.80 ISK 983

Milk (1 liter)

$1.90 ISK 239

$1.75 ISK 220

8.57%

White Bread (500g)

$2.02 ISK 255

$7.22 ISK 909

-72.02%

Rice (white) (1kg)

$3.59 ISK 453

$4.53 ISK 571

-20.75%

Eggs

$5.94 ISK 748

$6.42 ISK 809

-7.48%

Local Cheese (1kg)

$18.33 ISK 2,310

$16.70 ISK 2,103

9.76%

Chicken Fillets (1kg)

$24.13 ISK 3,039

$20.67 ISK 2,603

16.74%

Beef Round Steak (1kg)

$42.32 ISK 5,331

$33.43 ISK 4,212

26.59%

Apples (1kg)

$3.22 ISK 406

$2.64 ISK 332

21.97%

Banana (1kg)

$2.41 ISK 303

$2.55 ISK 321

-5.49%

Oranges (1kg)

$2.97 ISK 374

$2.60 ISK 327

14.23%

Tomato (1kg)

$4.77 ISK 601

$7.10 ISK 894

-32.82%

Potato (1kg)

$3.70 ISK 466

$3.11 ISK 392

18.97%

Onion (1kg)

$2.41 ISK 304

$2.11 ISK 265

14.22%

Lettuce (1 head)

$3.15 ISK 397

$3.56 ISK 448

-11.52%

Water (1.5 liter bottle)

$2.02 ISK 255

$1.38 ISK 173

46.38%

Cigarettes 20 Pack (Marlboro, Camel)

$13.77 ISK 1,734

$15.43 ISK 1,944

-10.76%

Wine (Bottle)

$23.90 ISK 3,011

Local Beer (0.5 liter bottle)

$2.78 ISK 351

Imported Beer (0.33 liter bottle)

$1.98 ISK 250

$1.09 ISK 138

81.65%

One-way Ticket (Public Transport)

$3.66 ISK 461

Public Transport Monthly Pass (Regular Price)

$71.3 ISK 8,978

Taxi Start (Normal Tariff)

$6.39 ISK 804

Taxi (Normal Tariff) (1km)

$1.04 ISK 131

Taxi 1hour Waiting (Normal Tariff)

$85.9 ISK 10.8K

Gasoline (1 liter)

$2.43 ISK 306

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

$46.5K ISK 5.9M

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

$52.2K ISK 6.6M

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

$87.1 ISK 11.0K

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

$26.95 ISK 3,394

Internet (50+ Mbps, Unlimited Data)

$85.5 ISK 10.8K

Cinema Ticket

$17.73 ISK 2,234

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

$322 ISK 40.6K

International Primary School, 1 Child (Yearly)

$29.9K ISK 3.8M

Jeans (Levis 501 Or Similar)

$142 ISK 17.8K

Summer Dress (H&M, Zara, etc)

$60.9 ISK 7,670

Sport Shoes (Adidas, Nike)

$184 ISK 23.2K

Men's Leather Business Shoes

$264 ISK 33.3K

1-bedroom Apartment, City Center (Monthly)

$3,023 ISK 380.8K

1-bedroom Apartment, Outside City Center (Monthly)

$1,884 ISK 237.3K

$2,944 ISK 370.9K

-36.01%

3-bedroom Apartment, City Center (Monthly)

$4,833 ISK 608.8K

3-bedroom Apartment, Outside City Center (Monthly)

$3,648 ISK 459.6K

Average Monthly Net Salary (After Tax)

$5,462 ISK 688.1K

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 Selfoss: 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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