Cost of Living Comparison Between Akureyri and Bolungarvik Cost of Living Comparison Between Akureyri and Bolungarvik

Meal at Budget Restaurant

$24.36 ISK 3,049

Three-Course Dinner for Two, Mid-Range

$129 ISK 16.1K

Fast Food Meal (McDonalds, etc)

$22.26 ISK 2,786

Cappuccino

$4.94 ISK 618

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

$3.40 ISK 426

Water (0.33 liter bottle)

$2.94 ISK 368

Local Beer (0.5 liter draught)

$10.83 ISK 1,355

Imported Beer (0.33 liter bottle)

$9.15 ISK 1,145

Milk (1 liter)

$2.75 ISK 344

White Bread (500g)

$2.26 ISK 282

Rice (white) (1kg)

$2.97 ISK 372

Eggs

$8.20 ISK 1,026

Chicken Fillets (1kg)

$23.90 ISK 2,991

Cigarettes 20 Pack (Marlboro, Camel)

$13.29 ISK 1,663

Gasoline (1 liter)

$2.58 ISK 323

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

$39.8K ISK 5.0M

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

$64.6K ISK 8.1M

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

$120 ISK 15.0K

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

$25.46 ISK 3,186

Internet (50+ Mbps, Unlimited Data)

$160 ISK 20.0K

Gym Membership (Monthly)

$82.2 ISK 10.3K

Cinema Ticket

$14.83 ISK 1,856

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

$355 ISK 44.4K

Jeans (Levis 501 Or Similar)

$80.5 ISK 10.1K

Sport Shoes (Adidas, Nike)

$120 ISK 15.0K

1-bedroom Apartment, City Center (Monthly)

$1,742 ISK 217.9K

1-bedroom Apartment, Outside City Center (Monthly)

$1,788 ISK 223.8K

3-bedroom Apartment, Outside City Center (Monthly)

$2,094 ISK 262.0K

Buy Apartment in City Center (m2)

$6,470 ISK 809.7K

Buy Apartment Outside City Center (m2)

$6,520 ISK 816.0K

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: March 3, 2026

Last update for Bolungarvik: February 28, 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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