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

🙂 Solo nomad: Akureyri is 34.8% cheaper than Grundarfjordur without rent, and 80.9% more expensive with rent.

🙂 Family of 3: Akureyri is 31.3% cheaper than Grundarfjordur without rent, and 19% more expensive with rent.

Meal at Budget Restaurant

$24.23 ISK 3,023

$26.89 ISK 3,354

-9.89%

Three-Course Dinner for Two, Mid-Range

$126 ISK 15.8K

$143 ISK 17.8K

-11.55%

Fast Food Meal (McDonalds, etc)

$22 ISK 2,744

$22.13 ISK 2,761

-0.59%

Cappuccino

$4.73 ISK 591

$6.16 ISK 769

-23.21%

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

$3.43 ISK 428

$3.24 ISK 404

5.86%

Water (0.33 liter bottle)

$3.04 ISK 380

$2.51 ISK 313

21.12%

Local Beer (0.5 liter draught)

$10.74 ISK 1,339

$12.69 ISK 1,583

-15.37%

Imported Beer (0.33 liter bottle)

$9.04 ISK 1,127

$11.45 ISK 1,428

-21.05%

Milk (1 liter)

$2.84 ISK 354

$1.93 ISK 241

47.15%

White Bread (500g)

$2.32 ISK 289

$4.39 ISK 547

-47.15%

Rice (white) (1kg)

$3.03 ISK 377

$3.67 ISK 458

-17.44%

Eggs

$8.18 ISK 1,021

$6.52 ISK 814

25.46%

Local Cheese (1kg)

$18.17 ISK 2,266

Chicken Fillets (1kg)

$24.06 ISK 3,001

$24.29 ISK 3,030

-0.95%

Beef Round Steak (1kg)

$41.67 ISK 5,198

Apples (1kg)

$3.24 ISK 404

Banana (1kg)

$2.5 ISK 311

Oranges (1kg)

$2.99 ISK 373

Tomato (1kg)

$4.97 ISK 621

Potato (1kg)

$3.68 ISK 459

Onion (1kg)

$2.39 ISK 298

Lettuce (1 head)

$3.15 ISK 393

Water (1.5 liter bottle)

$1.95 ISK 243

Cigarettes 20 Pack (Marlboro, Camel)

$13.68 ISK 1,706

$13.79 ISK 1,720

-0.80%

Wine (Bottle)

$24.42 ISK 3,047

Local Beer (0.5 liter bottle)

$3.73 ISK 466

Imported Beer (0.33 liter bottle)

$3.32 ISK 414

Taxi Start (Normal Tariff)

$6.49 ISK 810

Taxi (Normal Tariff) (1km)

$2.66 ISK 331

Taxi 1hour Waiting (Normal Tariff)

$85.7 ISK 10.7K

Gasoline (1 liter)

$2.51 ISK 313

$2.43 ISK 304

3.29%

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

$40.6K ISK 5.1M

$47.9K ISK 6M

-15.38%

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

$64.7K ISK 8.1M

$52.3K ISK 6.5M

23.76%

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

$123 ISK 15.3K

$88.5 ISK 11K

38.49%

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

$24.89 ISK 3,106

$27.54 ISK 3,436

-9.62%

Internet (50+ Mbps, Unlimited Data)

$162 ISK 20.2K

$83.9 ISK 10.5K

93.14%

Gym Membership (Monthly)

$82.7 ISK 10.3K

Cinema Ticket

$15.29 ISK 1,907

$17.39 ISK 2,170

-12.08%

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

$360 ISK 44.9K

$318 ISK 39.6K

13.27%

International Primary School, 1 Child (Yearly)

$30.7K ISK 3.8M

Jeans (Levis 501 Or Similar)

$80.8 ISK 10.1K

$139 ISK 17.3K

-41.73%

Summer Dress (H&M, Zara, etc)

$61 ISK 7,607

Sport Shoes (Adidas, Nike)

$119 ISK 14.8K

$183 ISK 22.8K

-35.02%

Men's Leather Business Shoes

$268 ISK 33.4K

1-bedroom Apartment, City Center (Monthly)

$1,794 ISK 223.9K

1-bedroom Apartment, Outside City Center (Monthly)

$1,803 ISK 224.9K

3-bedroom Apartment, Outside City Center (Monthly)

$2,140 ISK 266.9K

Buy Apartment in City Center (m2)

$6,404 ISK 798.8K

Buy Apartment Outside City Center (m2)

$6,379 ISK 795.8K

$1,147 ISK 143.1K

456.11%

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: October 27, 2025

Last update for Grundarfjordur: October 27, 2025

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