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

🙂 Solo nomad: Akureyri is 42.1% cheaper than Akranes without rent, and 16.4% cheaper with rent.

🙂 Family of 3: Akureyri is 40.9% cheaper than Akranes without rent, and 38.6% cheaper with rent.

Meal at Budget Restaurant

$24.36 ISK 3,049

$27.06 ISK 3,386

-9.98%

Three-Course Dinner for Two, Mid-Range

$129 ISK 16.1K

$144 ISK 18.0K

-10.87%

Fast Food Meal (McDonalds, etc)

$22.26 ISK 2,786

$22.09 ISK 2,764

0.77%

Cappuccino

$4.94 ISK 618

$5.98 ISK 748

-17.39%

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

$3.40 ISK 426

$3.12 ISK 390

8.97%

Water (0.33 liter bottle)

$2.94 ISK 368

$2.43 ISK 304

20.99%

Local Beer (0.5 liter draught)

$10.83 ISK 1,355

$10.49 ISK 1,313

3.24%

Imported Beer (0.33 liter bottle)

$9.15 ISK 1,145

$7.95 ISK 995

15.09%

Milk (1 liter)

$2.75 ISK 344

$1.95 ISK 244

41.03%

White Bread (500g)

$2.26 ISK 282

$2.00 ISK 250

13.00%

Rice (white) (1kg)

$2.97 ISK 372

$3.56 ISK 445

-16.57%

Eggs

$8.20 ISK 1,026

$5.90 ISK 739

38.98%

Local Cheese (1kg)

$18.35 ISK 2,297

Chicken Fillets (1kg)

$23.90 ISK 2,991

$24.33 ISK 3,045

-1.77%

Beef Round Steak (1kg)

$41.63 ISK 5,210

Apples (1kg)

$3.22 ISK 403

Banana (1kg)

$2.43 ISK 305

Oranges (1kg)

$2.96 ISK 370

Tomato (1kg)

$4.85 ISK 607

Potato (1kg)

$3.52 ISK 440

Onion (1kg)

$2.33 ISK 291

Lettuce (1 head)

$3.06 ISK 383

Water (1.5 liter bottle)

$1.95 ISK 244

Cigarettes 20 Pack (Marlboro, Camel)

$13.29 ISK 1,663

$13.41 ISK 1,678

-0.89%

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

One-way Ticket (Public Transport)

$3.51 ISK 440

Public Transport Monthly Pass (Regular Price)

$72.0 ISK 9,015

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)

$2.58 ISK 323

$2.55 ISK 319

1.18%

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

$39.8K ISK 5.0M

$46.9K ISK 5.9M

-15.07%

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

$64.6K ISK 8.1M

$52.4K ISK 6.6M

23.25%

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

$120 ISK 15.0K

$89.3 ISK 11.2K

34.51%

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

$25.46 ISK 3,186

$27.35 ISK 3,422

-6.91%

Internet (50+ Mbps, Unlimited Data)

$160 ISK 20.0K

$85.2 ISK 10.7K

87.77%

Gym Membership (Monthly)

$82.2 ISK 10.3K

Cinema Ticket

$14.83 ISK 1,856

$17.78 ISK 2,225

-16.59%

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

$355 ISK 44.4K

$321 ISK 40.1K

10.61%

International Primary School, 1 Child (Yearly)

$29.6K ISK 3.7M

Jeans (Levis 501 Or Similar)

$80.5 ISK 10.1K

$141 ISK 17.7K

-42.95%

Summer Dress (H&M, Zara, etc)

$61.2 ISK 7,652

Sport Shoes (Adidas, Nike)

$120 ISK 15.0K

$180 ISK 22.5K

-33.18%

Men's Leather Business Shoes

$267 ISK 33.5K

1-bedroom Apartment, City Center (Monthly)

$1,742 ISK 217.9K

$3,016 ISK 377.5K

-42.26%

1-bedroom Apartment, Outside City Center (Monthly)

$1,788 ISK 223.8K

$1,896 ISK 237.2K

-5.66%

3-bedroom Apartment, City Center (Monthly)

$4,768 ISK 596.6K

3-bedroom Apartment, Outside City Center (Monthly)

$2,094 ISK 262.0K

$3,568 ISK 446.5K

-41.32%

Buy Apartment in City Center (m2)

$6,470 ISK 809.7K

Buy Apartment Outside City Center (m2)

$6,520 ISK 816.0K

Average Monthly Net Salary (After Tax)

$5,728 ISK 716.8K

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: March 3, 2026

Last update for Akranes: 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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