Cost of Living Comparison Between Akureyri and Grundarfjordur Cost of Living Comparison Between Akureyri and Grundarfjordur

🙂 Solo nomad: Akureyri is 31% cheaper than Grundarfjordur without rent, and 81.8% more expensive with rent.

🙂 Family of 3: Akureyri is 40.9% cheaper than Grundarfjordur without rent, and 20.9% more expensive with rent.

Meal at Budget Restaurant

$23.74 ISK 2,990

$26.40 ISK 3,325

-10.08%

Three-Course Dinner for Two, Mid-Range

$131 ISK 16.5K

$146 ISK 18.4K

-10.52%

Fast Food Meal (McDonalds, etc)

$22.36 ISK 2,816

$22.44 ISK 2,826

-0.36%

Cappuccino

$4.82 ISK 607

$6.22 ISK 784

-22.51%

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

$3.44 ISK 434

$3.26 ISK 410

5.52%

Water (0.33 liter bottle)

$3.05 ISK 385

$2.61 ISK 329

16.86%

Local Beer (0.5 liter draught)

$11.05 ISK 1,391

$13.02 ISK 1,640

-15.13%

Imported Beer (0.33 liter bottle)

$9.27 ISK 1,168

$11.37 ISK 1,432

-18.47%

Milk (1 liter)

$2.73 ISK 344

$1.88 ISK 237

45.21%

White Bread (500g)

$2.23 ISK 281

$4.28 ISK 540

-47.90%

Rice (white) (1kg)

$3.06 ISK 386

$3.59 ISK 452

-14.76%

Eggs

$8.24 ISK 1,038

$6.36 ISK 801

29.56%

Local Cheese (1kg)

$18.19 ISK 2,292

Chicken Fillets (1kg)

$24.39 ISK 3,072

$23.73 ISK 2,989

2.78%

Beef Round Steak (1kg)

$42.57 ISK 5,362

Apples (1kg)

$3.31 ISK 417

Banana (1kg)

$2.49 ISK 313

Oranges (1kg)

$3.03 ISK 381

Tomato (1kg)

$4.88 ISK 614

Potato (1kg)

$3.66 ISK 460

Onion (1kg)

$2.32 ISK 293

Lettuce (1 head)

$3.14 ISK 395

Water (1.5 liter bottle)

$1.99 ISK 251

Cigarettes 20 Pack (Marlboro, Camel)

$13.34 ISK 1,680

$13.82 ISK 1,741

-3.47%

Wine (Bottle)

$24.19 ISK 3,047

Local Beer (0.5 liter bottle)

$3.73 ISK 470

Imported Beer (0.33 liter bottle)

$3.36 ISK 423

Taxi Start (Normal Tariff)

$6.50 ISK 819

Taxi (Normal Tariff) (1km)

$2.52 ISK 317

Taxi 1hour Waiting (Normal Tariff)

$85.5 ISK 10.8K

Gasoline (1 liter)

$2.45 ISK 308

$2.55 ISK 321

-3.92%

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

$39.6K ISK 5.0M

$46.7K ISK 5.9M

-15.11%

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

$63.2K ISK 8.0M

$53.0K ISK 6.7M

19.30%

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

$120 ISK 15.1K

$87.6 ISK 11.0K

37.04%

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

$25.23 ISK 3,177

$27.54 ISK 3,468

-8.39%

Internet (50+ Mbps, Unlimited Data)

$162 ISK 20.3K

$84.7 ISK 10.7K

90.77%

Gym Membership (Monthly)

$82.8 ISK 10.4K

Cinema Ticket

$15.34 ISK 1,932

$17.42 ISK 2,195

-11.94%

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

$355 ISK 44.7K

$325 ISK 41.0K

9.00%

International Primary School, 1 Child (Yearly)

$30.2K ISK 3.8M

Jeans (Levis 501 Or Similar)

$81.7 ISK 10.3K

$139 ISK 17.5K

-41.16%

Summer Dress (H&M, Zara, etc)

$61.3 ISK 7,726

Sport Shoes (Adidas, Nike)

$122 ISK 15.4K

$184 ISK 23.2K

-33.56%

Men's Leather Business Shoes

$267 ISK 33.6K

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

$1,181 ISK 148.7K

433.93%

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 Grundarfjordur: January 12, 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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