Cost of Living Comparison Between Akureyri and Drangsnes Cost of Living Comparison Between Akureyri and Drangsnes

🙂 Solo nomad: Akureyri is 35.2% cheaper than Drangsnes without rent, and 78.8% more expensive with rent.

🙂 Family of 3: Akureyri is 31.9% cheaper than Drangsnes without rent, and 17.8% more expensive with rent.

Meal at Budget Restaurant

$23.74 ISK 2,990

$27.39 ISK 3,451

-13.33%

Three-Course Dinner for Two, Mid-Range

$131 ISK 16.5K

$144 ISK 18.1K

-9.30%

Fast Food Meal (McDonalds, etc)

$22.36 ISK 2,816

$22.70 ISK 2,859

-1.50%

Cappuccino

$4.82 ISK 607

$5.93 ISK 747

-18.72%

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

$3.44 ISK 434

$3.30 ISK 415

4.24%

Water (0.33 liter bottle)

$3.05 ISK 385

$2.54 ISK 320

20.08%

Local Beer (0.5 liter draught)

$11.05 ISK 1,391

$12.88 ISK 1,623

-14.21%

Imported Beer (0.33 liter bottle)

$9.27 ISK 1,168

$11.16 ISK 1,406

-16.94%

Milk (1 liter)

$2.73 ISK 344

$1.89 ISK 239

44.44%

White Bread (500g)

$2.23 ISK 281

$4.23 ISK 533

-47.28%

Rice (white) (1kg)

$3.06 ISK 386

$3.74 ISK 471

-18.18%

Eggs

$8.24 ISK 1,038

$6.24 ISK 786

32.05%

Local Cheese (1kg)

$18.36 ISK 2,312

Chicken Fillets (1kg)

$24.39 ISK 3,072

$23.65 ISK 2,979

3.13%

Beef Round Steak (1kg)

$42.48 ISK 5,351

Apples (1kg)

$3.32 ISK 419

Banana (1kg)

$2.53 ISK 319

Oranges (1kg)

$3.09 ISK 390

Tomato (1kg)

$4.98 ISK 627

Potato (1kg)

$3.54 ISK 446

Onion (1kg)

$2.44 ISK 307

Lettuce (1 head)

$3.17 ISK 399

Water (1.5 liter bottle)

$1.91 ISK 241

Cigarettes 20 Pack (Marlboro, Camel)

$13.34 ISK 1,680

$13.42 ISK 1,691

-0.60%

Wine (Bottle)

$24.23 ISK 3,051

Local Beer (0.5 liter bottle)

$3.55 ISK 447

Imported Beer (0.33 liter bottle)

$3.23 ISK 407

Taxi Start (Normal Tariff)

$6.25 ISK 788

Taxi (Normal Tariff) (1km)

$2.52 ISK 317

Taxi 1hour Waiting (Normal Tariff)

$85.2 ISK 10.7K

Gasoline (1 liter)

$2.45 ISK 308

$2.54 ISK 320

-3.54%

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

$39.6K ISK 5.0M

$47.5K ISK 6.0M

-16.59%

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

$63.2K ISK 8.0M

$52.2K ISK 6.6M

21.02%

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

$120 ISK 15.1K

$88.1 ISK 11.1K

36.31%

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

$25.23 ISK 3,177

$27.75 ISK 3,496

-9.08%

Internet (50+ Mbps, Unlimited Data)

$162 ISK 20.3K

$85.1 ISK 10.7K

89.78%

Gym Membership (Monthly)

$82.8 ISK 10.4K

Cinema Ticket

$15.34 ISK 1,932

$17.38 ISK 2,189

-11.74%

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

$355 ISK 44.7K

$328 ISK 41.3K

8.31%

International Primary School, 1 Child (Yearly)

$30.4K ISK 3.8M

Jeans (Levis 501 Or Similar)

$81.7 ISK 10.3K

$142 ISK 17.8K

-42.25%

Summer Dress (H&M, Zara, etc)

$62.6 ISK 7,886

Sport Shoes (Adidas, Nike)

$122 ISK 15.4K

$183 ISK 23.0K

-33.02%

Men's Leather Business Shoes

$264 ISK 33.2K

1-bedroom Apartment, City Center (Monthly)

$1,740 ISK 219.1K

1-bedroom Apartment, Outside City Center (Monthly)

$1,753 ISK 220.8K

3-bedroom Apartment, Outside City Center (Monthly)

$2,121 ISK 267.1K

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)

$5,980 ISK 753.2K

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 Drangsnes: 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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