Cost of Living Comparison Between Akureyri and Bakkafjordur Cost of Living Comparison Between Akureyri and Bakkafjordur

😐 Solo nomad: Akureyri is 300.2% more expensive than Bakkafjordur without rent, and 1103.4% more expensive with rent.

😐 Family of 3: Akureyri is 382.8% more expensive than Bakkafjordur without rent, and 710.9% more expensive with rent.

Meal at Budget Restaurant

$24.27 ISK 2,962

Three-Course Dinner for Two, Mid-Range

$130 ISK 15.9K

Fast Food Meal (McDonalds, etc)

$21.94 ISK 2,678

Cappuccino

$5.01 ISK 611

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

$3.39 ISK 414

Water (0.33 liter bottle)

$3.06 ISK 373

Local Beer (0.5 liter draught)

$10.80 ISK 1,318

Imported Beer (0.33 liter bottle)

$9.44 ISK 1,152

Milk (1 liter)

$2.75 ISK 336

White Bread (500g)

$2.35 ISK 287

$2.17 ISK 264

8.29%

Rice (white) (1kg)

$3.14 ISK 383

$2.25 ISK 274

39.56%

Eggs

$8.00 ISK 977

$4.92 ISK 601

62.60%

Local Cheese (1kg)

$8.94 ISK 1,091

Chicken Fillets (1kg)

$23.91 ISK 2,919

$11.17 ISK 1,364

114.06%

Beef Round Steak (1kg)

$11.11 ISK 1,357

Apples (1kg)

$2.17 ISK 265

Banana (1kg)

$2.14 ISK 261

Oranges (1kg)

$2.24 ISK 273

Tomato (1kg)

$2.15 ISK 262

Potato (1kg)

$2.23 ISK 272

Onion (1kg)

$2.16 ISK 264

Lettuce (1 head)

$1.02 ISK 125

Water (1.5 liter bottle)

$2.04 ISK 250

Cigarettes 20 Pack (Marlboro, Camel)

$13.27 ISK 1,619

Gasoline (1 liter)

$2.45 ISK 299

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

$39.7K ISK 4.8M

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

$64.6K ISK 7.9M

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

$122 ISK 14.9K

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

$25.27 ISK 3,084

Internet (50+ Mbps, Unlimited Data)

$163 ISK 19.9K

Gym Membership (Monthly)

$85.0 ISK 10.4K

Cinema Ticket

$14.79 ISK 1,805

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

$356 ISK 43.5K

Jeans (Levis 501 Or Similar)

$80.3 ISK 9,805

Sport Shoes (Adidas, Nike)

$120 ISK 14.7K

1-bedroom Apartment, City Center (Monthly)

$1,791 ISK 218.6K

1-bedroom Apartment, Outside City Center (Monthly)

$1,736 ISK 211.9K

3-bedroom Apartment, Outside City Center (Monthly)

$2,086 ISK 254.7K

Buy Apartment in City Center (m2)

$6,638 ISK 810.4K

Buy Apartment Outside City Center (m2)

$6,635 ISK 809.9K

Average Monthly Net Salary (After Tax)

$5,758 ISK 702.9K

20-Year Fixed Mortgage Interest Rate (Annual %)

9.4

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

Last update for Akureyri: April 13, 2026

Last update for Bakkafjordur: April 14, 2026

City Median Internet Speeds Comparison (Updated April 2026)

The chart highlights the Precision Threshold for mobile and fixed broadband internet speeds, updated quarterly.

Digital Nomad Cost of Living Index

Akureyri vs other spots: cost of living compared

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