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

🙂 Solo nomad: Akureyri is 42.6% cheaper than Drangsnes without rent, and 82% more expensive with rent.

🙂 Family of 3: Akureyri is 23.3% cheaper than Drangsnes without rent, and 19% more expensive with rent.

Meal at Budget Restaurant

$24.36 ISK 3,049

$27.44 ISK 3,434

-11.22%

Three-Course Dinner for Two, Mid-Range

$129 ISK 16.1K

$142 ISK 17.8K

-9.53%

Fast Food Meal (McDonalds, etc)

$22.26 ISK 2,786

$22.81 ISK 2,855

-2.41%

Cappuccino

$4.94 ISK 618

$6.01 ISK 752

-17.80%

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

$3.40 ISK 426

$3.26 ISK 408

4.29%

Water (0.33 liter bottle)

$2.94 ISK 368

$2.56 ISK 320

14.84%

Local Beer (0.5 liter draught)

$10.83 ISK 1,355

$12.62 ISK 1,580

-14.18%

Imported Beer (0.33 liter bottle)

$9.15 ISK 1,145

$11.04 ISK 1,381

-17.12%

Milk (1 liter)

$2.75 ISK 344

$1.92 ISK 240

43.23%

White Bread (500g)

$2.26 ISK 282

$4.31 ISK 540

-47.56%

Rice (white) (1kg)

$2.97 ISK 372

$3.70 ISK 464

-19.73%

Eggs

$8.20 ISK 1,026

$6.23 ISK 780

31.62%

Local Cheese (1kg)

$18.39 ISK 2,301

Chicken Fillets (1kg)

$23.90 ISK 2,991

$24.00 ISK 3,004

-0.42%

Beef Round Steak (1kg)

$41.82 ISK 5,234

Apples (1kg)

$3.23 ISK 405

Banana (1kg)

$2.54 ISK 318

Oranges (1kg)

$3.02 ISK 377

Tomato (1kg)

$4.93 ISK 617

Potato (1kg)

$3.57 ISK 447

Onion (1kg)

$2.39 ISK 299

Lettuce (1 head)

$3.16 ISK 396

Water (1.5 liter bottle)

$1.91 ISK 239

Cigarettes 20 Pack (Marlboro, Camel)

$13.29 ISK 1,663

$13.75 ISK 1,721

-3.35%

Wine (Bottle)

$24.27 ISK 3,038

Local Beer (0.5 liter bottle)

$3.56 ISK 446

Imported Beer (0.33 liter bottle)

$3.23 ISK 404

Taxi Start (Normal Tariff)

$6.39 ISK 800

Taxi (Normal Tariff) (1km)

$2.54 ISK 318

Taxi 1hour Waiting (Normal Tariff)

$86.9 ISK 10.9K

Gasoline (1 liter)

$2.58 ISK 323

$2.48 ISK 311

4.03%

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

$39.8K ISK 5.0M

$47.6K ISK 6.0M

-16.38%

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

$64.6K ISK 8.1M

$52.6K ISK 6.6M

22.97%

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

$120 ISK 15.0K

$87.2 ISK 10.9K

37.78%

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

$25.46 ISK 3,186

$27.39 ISK 3,428

-7.05%

Internet (50+ Mbps, Unlimited Data)

$160 ISK 20.0K

$85.6 ISK 10.7K

86.98%

Gym Membership (Monthly)

$82.2 ISK 10.3K

Cinema Ticket

$14.83 ISK 1,856

$17.47 ISK 2,186

-15.11%

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

$355 ISK 44.4K

$315 ISK 39.5K

12.42%

International Primary School, 1 Child (Yearly)

$29.7K ISK 3.7M

Jeans (Levis 501 Or Similar)

$80.5 ISK 10.1K

$139 ISK 17.4K

-42.00%

Summer Dress (H&M, Zara, etc)

$62.8 ISK 7,860

Sport Shoes (Adidas, Nike)

$120 ISK 15.0K

$186 ISK 23.3K

-35.46%

Men's Leather Business Shoes

$270 ISK 33.7K

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

Average Monthly Net Salary (After Tax)

$6,007 ISK 751.7K

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 Drangsnes: 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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