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

🙂 Solo nomad: Akureyri is 34.2% cheaper than Akranes without rent, and 18.3% cheaper with rent.

🙂 Family of 3: Akureyri is 42% cheaper than Akranes without rent, and 37.9% cheaper with rent.

Meal at Budget Restaurant

$24.23 ISK 3,023

$26.45 ISK 3,299

-8.39%

Three-Course Dinner for Two, Mid-Range

$126 ISK 15.8K

$145 ISK 18.1K

-12.97%

Fast Food Meal (McDonalds, etc)

$22 ISK 2,744

$22.1 ISK 2,757

-0.45%

Cappuccino

$4.73 ISK 591

$6.13 ISK 765

-22.84%

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

$3.43 ISK 428

$3.13 ISK 391

9.58%

Water (0.33 liter bottle)

$3.04 ISK 380

$2.44 ISK 304

24.59%

Local Beer (0.5 liter draught)

$10.74 ISK 1,339

$10.64 ISK 1,327

0.94%

Imported Beer (0.33 liter bottle)

$9.04 ISK 1,127

$8.11 ISK 1,011

11.47%

Milk (1 liter)

$2.84 ISK 354

$1.96 ISK 245

44.90%

White Bread (500g)

$2.32 ISK 289

$2.06 ISK 258

12.62%

Rice (white) (1kg)

$3.03 ISK 377

$3.57 ISK 446

-15.13%

Eggs

$8.18 ISK 1,021

$5.88 ISK 734

39.12%

Local Cheese (1kg)

$18.07 ISK 2,254

Chicken Fillets (1kg)

$24.06 ISK 3,001

$24.01 ISK 2,995

0.21%

Beef Round Steak (1kg)

$41.8 ISK 5,214

Apples (1kg)

$3.35 ISK 418

Banana (1kg)

$2.4 ISK 299

Oranges (1kg)

$2.98 ISK 372

Tomato (1kg)

$4.74 ISK 591

Potato (1kg)

$3.64 ISK 455

Onion (1kg)

$2.44 ISK 304

Lettuce (1 head)

$3.18 ISK 397

Water (1.5 liter bottle)

$1.99 ISK 248

Cigarettes 20 Pack (Marlboro, Camel)

$13.68 ISK 1,706

$13.65 ISK 1,702

0.22%

Wine (Bottle)

$24.29 ISK 3,030

Local Beer (0.5 liter bottle)

$2.79 ISK 348

Imported Beer (0.33 liter bottle)

$1.96 ISK 245

One-way Ticket (Public Transport)

$3.65 ISK 455

Public Transport Monthly Pass (Regular Price)

$72.4 ISK 9,029

Taxi Start (Normal Tariff)

$6.2 ISK 773

Taxi (Normal Tariff) (1km)

$1.04 ISK 130

Taxi 1hour Waiting (Normal Tariff)

$87.1 ISK 10.9K

Gasoline (1 liter)

$2.51 ISK 313

$2.51 ISK 314

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

$40.6K ISK 5.1M

$46.9K ISK 5.8M

-13.43%

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

$64.7K ISK 8.1M

$53K ISK 6.6M

22.08%

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

$123 ISK 15.3K

$88.8 ISK 11.1K

38.02%

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

$24.89 ISK 3,106

$27.52 ISK 3,433

-9.56%

Internet (50+ Mbps, Unlimited Data)

$162 ISK 20.2K

$86.4 ISK 10.8K

87.51%

Gym Membership (Monthly)

$82.7 ISK 10.3K

Cinema Ticket

$15.29 ISK 1,907

$17.51 ISK 2,184

-12.68%

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

$360 ISK 44.9K

$321 ISK 40.1K

11.96%

International Primary School, 1 Child (Yearly)

$30.5K ISK 3.8M

Jeans (Levis 501 Or Similar)

$80.8 ISK 10.1K

$138 ISK 17.2K

-41.27%

Summer Dress (H&M, Zara, etc)

$62.6 ISK 7,805

Sport Shoes (Adidas, Nike)

$119 ISK 14.8K

$184 ISK 23K

-35.54%

Men's Leather Business Shoes

$264 ISK 32.9K

1-bedroom Apartment, City Center (Monthly)

$1,794 ISK 223.9K

$2,925 ISK 364.9K

-38.66%

1-bedroom Apartment, Outside City Center (Monthly)

$1,803 ISK 224.9K

$1,877 ISK 234.1K

-3.93%

3-bedroom Apartment, City Center (Monthly)

$4,785 ISK 597K

3-bedroom Apartment, Outside City Center (Monthly)

$2,140 ISK 266.9K

$3,552 ISK 443.2K

-39.77%

Buy Apartment in City Center (m2)

$6,404 ISK 798.8K

Buy Apartment Outside City Center (m2)

$6,379 ISK 795.8K

Average Monthly Net Salary (After Tax)

$5,630 ISK 702.4K

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: October 27, 2025

Last update for Akranes: October 29, 2025

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