Last update: Oct 2026

Cost of Living Comparison Between Akureyri and Egilsstadir

For one person, living is cheaper in Egilsstadir: $622 a month against $3,106 in Akureyri, rent and utilities included – about $29,800 less a year. Rent and utilities account for most of the difference.

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Akureyri

🇮🇸 Iceland

$3,106

/mo nomad

Egilsstadir

🇮🇸 Iceland

$622

/mo nomad

Monthly Cost of Living

How much you'll spend in Akureyri and in Egilsstadir

Real prices from locals and on-the-ground checks – rent, groceries, transit and the daily extras. Here's what a month in Akureyri and in Egilsstadir actually costs, broken down by who's living it.

A single person spends $3,106 per month in Akureyri vs $622 in Egilsstadir, rent included.

Akureyri $3,106
Egilsstadir $622

A couple spends around $4,176 per month in Akureyri vs $1,036 in Egilsstadir, rent included.

Akureyri $4,176
Egilsstadir $1,036

A family of three spends $5,246 per month in Akureyri vs $1,449 in Egilsstadir, rent included.

Akureyri $5,246
Egilsstadir $1,449

Akureyri costs about 399% more than Egilsstadir.

Akureyri sits 128% above the global median, while Egilsstadir is 54% below – they fall on opposite sides of the world average.

Meal at Budget Restaurant

$24.94 ISK 3,028

Three-Course Dinner for Two, Mid-Range

$129 ISK 15.6K

Fast Food Meal (McDonalds, etc)

$22.63 ISK 2,748

Cappuccino

$5.04 ISK 611

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

$3.35 ISK 406

Water (0.33 liter bottle)

$2.99 ISK 363

Local Beer (0.5 liter draught)

$11.22 ISK 1,362

Imported Beer (0.33 liter bottle)

$9.62 ISK 1,168

Milk (1 liter)

$2.77 ISK 337

$1.66 ISK 202

66.87%

White Bread (500g)

$2.32 ISK 282

$2.80 ISK 340

-17.14%

Rice (white) (1kg)

$3.14 ISK 382

$2.47 ISK 299

27.13%

Eggs

$7.65 ISK 928

$5.65 ISK 686

35.40%

Local Cheese (1kg)

$15.85 ISK 1,925

$22.02 ISK 2,673

-28.02%

Chicken Fillets (1kg)

$24.82 ISK 3,013

$32.21 ISK 3,911

-22.94%

Beef Round Steak (1kg)

$43.35 ISK 5,263

Apples (1kg)

$2.74 ISK 333

Banana (1kg)

$2.92 ISK 354

$2.40 ISK 292

21.67%

Oranges (1kg)

$3.45 ISK 419

$2.53 ISK 307

36.36%

Tomato (1kg)

$6.08 ISK 738

$3.87 ISK 470

57.11%

Potato (1kg)

$4.47 ISK 542

Onion (1kg)

$2.12 ISK 258

Lettuce (1 head)

$2.14 ISK 260

Water (1.5 liter bottle)

$2.23 ISK 270

Cigarettes 20 Pack (Marlboro, Camel)

$13.71 ISK 1,664

Wine (Bottle)

$22.37 ISK 2,716

Local Beer (0.5 liter bottle)

$3.95 ISK 479

Imported Beer (0.33 liter bottle)

$3.48 ISK 423

Taxi Start (Normal Tariff)

$6.21 ISK 754

Gasoline (1 liter)

$2.59 ISK 314

$2.40 ISK 292

7.92%

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

$41.3K ISK 5.0M

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

$65.2K ISK 7.9M

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

$121 ISK 14.7K

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

$25.21 ISK 3,061

Internet (50+ Mbps, Unlimited Data)

$165 ISK 20.0K

Gym Membership (Monthly)

$84.3 ISK 10.2K

Cinema Ticket

$15.53 ISK 1,885

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

$367 ISK 44.6K

Jeans (Levis 501 Or Similar)

$80.8 ISK 9,810

Sport Shoes (Adidas, Nike)

$122 ISK 14.8K

1-bedroom Apartment, City Center (Monthly)

$1,835 ISK 222.7K

1-bedroom Apartment, Outside City Center (Monthly)

$1,833 ISK 222.5K

3-bedroom Apartment, Outside City Center (Monthly)

$2,186 ISK 265.4K

Buy Apartment in City Center (m2)

$6,596 ISK 800.8K

Buy Apartment Outside City Center (m2)

$6,483 ISK 787.1K

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: October 25, 2026

Last update for Egilsstadir: October 26, 2026

Good to know

🇮🇸 Akureyri

🇮🇸 Egilsstadir

🕒 Local time

05:25 5:25 AM

Same time as Akureyri

🌤 Weather

👥 Population

19,219

2,500

💱 Currency

Icelandic Króna ISK kr

📈 Exchange rate

1,000 ISK = 8.24 USD

1,000 ISK = 7.38 EUR

1,000 ISK = 8.24 USD

1,000 ISK = 7.38 EUR

Exchange rates and currency converter

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Akureyri Egilsstadir 180 km

From you

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Distances are measured in a straight line. Your location is detected approximately.

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 Egilsstadir: Cost of Living - Frequently Asked Questions

Akureyri costs about 399% more than Egilsstadir, and outside of rent the gap comes mainly from eating out. That’s enough to noticeably affect everyday spending and lifestyle for anyone choosing between the two.

For a comfortable life, plan on about $4,659 per month in Akureyri and $934 in Egilsstadir. That covers rent, food, utilities, transport, and enough left over to feel settled – not just surviving.

Monthly expenses with rent come to $3,106 in Akureyri and $622 in Egilsstadir. That makes Egilsstadir about 80% cheaper.

Interestingly, groceries are about 47% cheaper in Akureyri – one category where the pricier city actually offers better value.

A $1,000 monthly budget goes further in Egilsstadir, where all-in costs run around $622, than in Akureyri at $3,106. In Egilsstadir it covers expenses comfortably, while in Akureyri it requires careful planning or may not stretch far enough.

It depends on your priorities. Akureyri has an edge in some lifestyle areas, with costs from $622 in Egilsstadir to $3,106 in Akureyri. Climate, culture, job market, and personal taste all factor in.

Both cities have a reputation for safety. In either place, the choice of neighborhood matters more than the choice between the two cities.