Cost of Living Comparison Between Akureyri and Akranes Cost of Living Comparison Between Akureyri and Akranes

🙂 Solo nomad: Akureyri is 38.6% cheaper than Akranes without rent, and 17.5% cheaper with rent.

🙂 Family of 3: Akureyri is 36.8% cheaper than Akranes without rent, and 36.2% cheaper with rent.

Meal at Budget Restaurant

$23.74 ISK 2,990

$27.36 ISK 3,446

-13.23%

Three-Course Dinner for Two, Mid-Range

$131 ISK 16.5K

$146 ISK 18.4K

-10.40%

Fast Food Meal (McDonalds, etc)

$22.36 ISK 2,816

$22.31 ISK 2,811

0.22%

Cappuccino

$4.82 ISK 607

$6.05 ISK 763

-20.33%

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

$3.44 ISK 434

$3.15 ISK 397

9.21%

Water (0.33 liter bottle)

$3.05 ISK 385

$2.41 ISK 304

26.56%

Local Beer (0.5 liter draught)

$11.05 ISK 1,391

$10.34 ISK 1,303

6.87%

Imported Beer (0.33 liter bottle)

$9.27 ISK 1,168

$7.80 ISK 983

18.85%

Milk (1 liter)

$2.73 ISK 344

$1.90 ISK 239

43.68%

White Bread (500g)

$2.23 ISK 281

$2.02 ISK 255

10.40%

Rice (white) (1kg)

$3.06 ISK 386

$3.59 ISK 453

-14.76%

Eggs

$8.24 ISK 1,038

$5.94 ISK 748

38.72%

Local Cheese (1kg)

$18.33 ISK 2,309

Chicken Fillets (1kg)

$24.39 ISK 3,072

$24.13 ISK 3,039

1.08%

Beef Round Steak (1kg)

$42.32 ISK 5,330

Apples (1kg)

$3.22 ISK 406

Banana (1kg)

$2.41 ISK 303

Oranges (1kg)

$2.97 ISK 374

Tomato (1kg)

$4.77 ISK 601

Potato (1kg)

$3.70 ISK 466

Onion (1kg)

$2.41 ISK 304

Lettuce (1 head)

$3.15 ISK 397

Water (1.5 liter bottle)

$2.02 ISK 255

Cigarettes 20 Pack (Marlboro, Camel)

$13.34 ISK 1,680

$13.77 ISK 1,734

-3.12%

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

One-way Ticket (Public Transport)

$3.66 ISK 461

Public Transport Monthly Pass (Regular Price)

$71.3 ISK 8,977

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)

$2.45 ISK 308

$2.43 ISK 306

0.82%

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

$39.6K ISK 5.0M

$46.5K ISK 5.9M

-14.76%

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

$63.2K ISK 8.0M

$52.2K ISK 6.6M

21.01%

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

$120 ISK 15.1K

$87.1 ISK 11.0K

37.84%

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

$25.23 ISK 3,177

$26.95 ISK 3,394

-6.38%

Internet (50+ Mbps, Unlimited Data)

$162 ISK 20.3K

$85.5 ISK 10.8K

88.87%

Gym Membership (Monthly)

$82.8 ISK 10.4K

Cinema Ticket

$15.34 ISK 1,932

$17.73 ISK 2,234

-13.48%

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

$355 ISK 44.7K

$322 ISK 40.6K

10.17%

International Primary School, 1 Child (Yearly)

$29.9K ISK 3.8M

Jeans (Levis 501 Or Similar)

$81.7 ISK 10.3K

$142 ISK 17.8K

-42.26%

Summer Dress (H&M, Zara, etc)

$60.9 ISK 7,669

Sport Shoes (Adidas, Nike)

$122 ISK 15.4K

$184 ISK 23.2K

-33.58%

Men's Leather Business Shoes

$264 ISK 33.3K

1-bedroom Apartment, City Center (Monthly)

$1,740 ISK 219.1K

$3,023 ISK 380.8K

-42.45%

1-bedroom Apartment, Outside City Center (Monthly)

$1,753 ISK 220.8K

$1,884 ISK 237.3K

-6.96%

3-bedroom Apartment, City Center (Monthly)

$4,833 ISK 608.8K

3-bedroom Apartment, Outside City Center (Monthly)

$2,121 ISK 267.1K

$3,648 ISK 459.5K

-41.87%

Buy Apartment in City Center (m2)

$6,473 ISK 815.3K

Buy Apartment Outside City Center (m2)

$6,305 ISK 794.2K

Average Monthly Net Salary (After Tax)

$5,462 ISK 688.0K

20-Year Fixed Mortgage Interest Rate (Annual %)

9.4

9.63

-2.39%

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

Last update for Akureyri: January 12, 2026

Last update for Akranes: January 11, 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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