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

😐 Solo nomad: Akranes is 153.9% more expensive than Selfoss without rent, and 0.1% more expensive with rent.

😐 Family of 3: Akranes is 259.2% more expensive than Selfoss without rent, and 442.1% more expensive with rent.

Meal at Budget Restaurant

$27.06 ISK 3,386

Three-Course Dinner for Two, Mid-Range

$144 ISK 18.0K

Fast Food Meal (McDonalds, etc)

$22.09 ISK 2,764

$20.40 ISK 2,552

8.28%

Cappuccino

$5.98 ISK 748

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

$3.12 ISK 390

Water (0.33 liter bottle)

$2.43 ISK 304

Local Beer (0.5 liter draught)

$10.49 ISK 1,313

$11.87 ISK 1,486

-11.63%

Imported Beer (0.33 liter bottle)

$7.95 ISK 994

Milk (1 liter)

$1.95 ISK 244

$1.75 ISK 219

11.43%

White Bread (500g)

$2.00 ISK 250

$7.34 ISK 918

-72.75%

Rice (white) (1kg)

$3.56 ISK 445

$4.34 ISK 543

-17.97%

Eggs

$5.90 ISK 739

$6.39 ISK 800

-7.67%

Local Cheese (1kg)

$18.35 ISK 2,296

$16.74 ISK 2,094

9.62%

Chicken Fillets (1kg)

$24.33 ISK 3,045

$20.50 ISK 2,565

18.68%

Beef Round Steak (1kg)

$41.63 ISK 5,210

$32.61 ISK 4,081

27.66%

Apples (1kg)

$3.22 ISK 403

$2.77 ISK 347

16.25%

Banana (1kg)

$2.43 ISK 305

$2.61 ISK 327

-6.90%

Oranges (1kg)

$2.96 ISK 370

$2.69 ISK 337

10.04%

Tomato (1kg)

$4.85 ISK 606

$7.02 ISK 879

-30.91%

Potato (1kg)

$3.52 ISK 440

$3.20 ISK 401

10.00%

Onion (1kg)

$2.33 ISK 291

$2.03 ISK 254

14.78%

Lettuce (1 head)

$3.06 ISK 383

$3.58 ISK 448

-14.53%

Water (1.5 liter bottle)

$1.95 ISK 244

$1.33 ISK 167

46.62%

Cigarettes 20 Pack (Marlboro, Camel)

$13.41 ISK 1,677

$15.25 ISK 1,909

-12.07%

Wine (Bottle)

$23.60 ISK 2,954

Local Beer (0.5 liter bottle)

$2.84 ISK 355

Imported Beer (0.33 liter bottle)

$2.04 ISK 256

$1.10 ISK 138

85.45%

One-way Ticket (Public Transport)

$3.51 ISK 440

Public Transport Monthly Pass (Regular Price)

$72.0 ISK 9,014

Taxi Start (Normal Tariff)

$6.50 ISK 813

Taxi (Normal Tariff) (1km)

$1.04 ISK 130

Taxi 1hour Waiting (Normal Tariff)

$86.8 ISK 10.9K

Gasoline (1 liter)

$2.55 ISK 319

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

$46.9K ISK 5.9M

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

$52.4K ISK 6.6M

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

$89.3 ISK 11.2K

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

$27.35 ISK 3,422

Internet (50+ Mbps, Unlimited Data)

$85.2 ISK 10.7K

Cinema Ticket

$17.78 ISK 2,225

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

$321 ISK 40.1K

International Primary School, 1 Child (Yearly)

$29.6K ISK 3.7M

Jeans (Levis 501 Or Similar)

$141 ISK 17.7K

Summer Dress (H&M, Zara, etc)

$61.2 ISK 7,652

Sport Shoes (Adidas, Nike)

$180 ISK 22.5K

Men's Leather Business Shoes

$267 ISK 33.5K

1-bedroom Apartment, City Center (Monthly)

$3,016 ISK 377.4K

1-bedroom Apartment, Outside City Center (Monthly)

$1,896 ISK 237.2K

$2,844 ISK 355.9K

-33.35%

3-bedroom Apartment, City Center (Monthly)

$4,768 ISK 596.6K

3-bedroom Apartment, Outside City Center (Monthly)

$3,568 ISK 446.5K

Average Monthly Net Salary (After Tax)

$5,728 ISK 716.8K

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 Selfoss: March 1, 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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