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

🙂 Solo nomad: Akureyri is 30.7% cheaper than Grundarfjordur without rent, and 79.7% more expensive with rent.

🙂 Family of 3: Akureyri is 36% cheaper than Grundarfjordur without rent, and 20.8% more expensive with rent.

Meal at Budget Restaurant

$24.36 ISK 3,048

$27.16 ISK 3,398

-10.31%

Three-Course Dinner for Two, Mid-Range

$129 ISK 16.1K

$146 ISK 18.2K

-11.77%

Fast Food Meal (McDonalds, etc)

$22.26 ISK 2,785

$22.44 ISK 2,808

-0.80%

Cappuccino

$4.94 ISK 618

$6.02 ISK 753

-17.94%

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

$2.55 ISK 319

15.29%

Local Beer (0.5 liter draught)

$10.83 ISK 1,355

$12.75 ISK 1,596

-15.06%

Imported Beer (0.33 liter bottle)

$9.15 ISK 1,145

$11.37 ISK 1,423

-19.53%

Milk (1 liter)

$2.75 ISK 343

$1.97 ISK 246

39.59%

White Bread (500g)

$2.26 ISK 282

$4.31 ISK 539

-47.56%

Rice (white) (1kg)

$2.97 ISK 372

$3.56 ISK 446

-16.57%

Eggs

$8.20 ISK 1,026

$6.44 ISK 806

27.33%

Local Cheese (1kg)

$17.88 ISK 2,237

Chicken Fillets (1kg)

$23.90 ISK 2,991

$23.87 ISK 2,987

0.13%

Beef Round Steak (1kg)

$42.87 ISK 5,365

Apples (1kg)

$3.26 ISK 408

Banana (1kg)

$2.44 ISK 306

Oranges (1kg)

$2.97 ISK 371

Tomato (1kg)

$4.97 ISK 622

Potato (1kg)

$3.70 ISK 463

Onion (1kg)

$2.44 ISK 305

Lettuce (1 head)

$3.02 ISK 378

Water (1.5 liter bottle)

$2.00 ISK 250

Cigarettes 20 Pack (Marlboro, Camel)

$13.29 ISK 1,663

$13.88 ISK 1,737

-4.25%

Wine (Bottle)

$23.75 ISK 2,971

Local Beer (0.5 liter bottle)

$3.55 ISK 444

Imported Beer (0.33 liter bottle)

$3.37 ISK 422

Taxi Start (Normal Tariff)

$6.37 ISK 798

Taxi (Normal Tariff) (1km)

$2.65 ISK 332

Taxi 1hour Waiting (Normal Tariff)

$84.5 ISK 10.6K

Gasoline (1 liter)

$2.58 ISK 323

$2.53 ISK 316

1.98%

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

$39.8K ISK 5.0M

$46.5K ISK 5.8M

-14.37%

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

$64.6K ISK 8.1M

$51.5K ISK 6.4M

25.51%

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

$120 ISK 15.0K

$86.3 ISK 10.8K

39.25%

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

$25.46 ISK 3,186

$27.56 ISK 3,448

-7.62%

Internet (50+ Mbps, Unlimited Data)

$160 ISK 20.0K

$83.9 ISK 10.5K

90.77%

Gym Membership (Monthly)

$82.2 ISK 10.3K

Cinema Ticket

$14.83 ISK 1,855

$17.84 ISK 2,232

-16.87%

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

$355 ISK 44.4K

$315 ISK 39.4K

12.48%

International Primary School, 1 Child (Yearly)

$29.9K ISK 3.7M

Jeans (Levis 501 Or Similar)

$80.5 ISK 10.1K

$139 ISK 17.4K

-42.25%

Summer Dress (H&M, Zara, etc)

$61.0 ISK 7,638

Sport Shoes (Adidas, Nike)

$120 ISK 15.0K

$179 ISK 22.4K

-33.01%

Men's Leather Business Shoes

$267 ISK 33.4K

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 809.6K

Buy Apartment Outside City Center (m2)

$6,520 ISK 815.9K

$1,171 ISK 146.6K

456.63%

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 Grundarfjordur: March 3, 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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