Last update: Oct 2026

Cost of Living Comparison Between Akureyri and Grundarfjordur

For one person, living is cheaper in Grundarfjordur: $1,713 a month against $3,106 in Akureyri, rent and utilities included – about $16,700 less a year. Higher rent and utilities in Akureyri outweigh lower spending on other living expenses.

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Cost of Living Index in Grundarfjordur
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Grundarfjordur Living Index

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Akureyri

🇮🇸 Iceland

$3,106

/mo nomad

Grundarfjordur

🇮🇸 Iceland

$1,713

/mo nomad

Monthly Cost of Living

How much you'll spend in Akureyri and in Grundarfjordur

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 Grundarfjordur actually costs, broken down by who's living it.

A single person spends $3,106 per month in Akureyri vs $1,713 in Grundarfjordur, rent included.

Akureyri $3,106
Grundarfjordur $1,713

A couple spends around $4,176 per month in Akureyri vs $2,918 in Grundarfjordur, rent included.

Akureyri $4,176
Grundarfjordur $2,918

A family of three spends $5,246 per month in Akureyri vs $4,122 in Grundarfjordur, rent included.

Akureyri $5,246
Grundarfjordur $4,122

Akureyri costs about 81% more than Grundarfjordur, and outside of rent the biggest gap is in leisure.

Both Akureyri and Grundarfjordur sit above the global median – Akureyri by 128%, Grundarfjordur by 26%.

Meal at Budget Restaurant

$24.94 ISK 3,039

$30.53 ISK 3,720

-18.31%

Three-Course Dinner for Two, Mid-Range

$129 ISK 15.7K

$124 ISK 15.1K

3.83%

Fast Food Meal (McDonalds, etc)

$22.63 ISK 2,758

$27.06 ISK 3,298

-16.37%

Cappuccino

$5.04 ISK 613

$6.61 ISK 805

-23.75%

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

$3.35 ISK 408

$3.34 ISK 407

0.30%

Water (0.33 liter bottle)

$2.99 ISK 364

$3.03 ISK 370

-1.32%

Local Beer (0.5 liter draught)

$11.22 ISK 1,367

$14.17 ISK 1,726

-20.82%

Imported Beer (0.33 liter bottle)

$9.62 ISK 1,173

$12.21 ISK 1,488

-21.21%

Milk (1 liter)

$2.77 ISK 338

$2.09 ISK 255

32.54%

White Bread (500g)

$2.32 ISK 283

$4.11 ISK 501

-43.55%

Rice (white) (1kg)

$3.14 ISK 383

$3.73 ISK 455

-15.82%

Eggs

$7.65 ISK 931

$6.93 ISK 845

10.39%

Local Cheese (1kg)

$15.85 ISK 1,932

$21.76 ISK 2,651

-27.16%

Chicken Fillets (1kg)

$24.82 ISK 3,024

$24.62 ISK 2,999

0.81%

Beef Round Steak (1kg)

$42.23 ISK 5,145

Apples (1kg)

$3.31 ISK 403

Banana (1kg)

$2.92 ISK 355

$2.77 ISK 337

5.42%

Oranges (1kg)

$3.45 ISK 421

$3.16 ISK 385

9.18%

Tomato (1kg)

$6.08 ISK 740

$6.32 ISK 770

-3.80%

Potato (1kg)

$4.01 ISK 488

Onion (1kg)

$1.65 ISK 201

Lettuce (1 head)

$3.84 ISK 467

Water (1.5 liter bottle)

$1.77 ISK 216

Cigarettes 20 Pack (Marlboro, Camel)

$13.71 ISK 1,670

$14.16 ISK 1,725

-3.18%

Wine (Bottle)

$23.44 ISK 2,856

Local Beer (0.5 liter bottle)

$3.69 ISK 450

Imported Beer (0.33 liter bottle)

$3.48 ISK 424

Taxi Start (Normal Tariff)

$6.59 ISK 802

Taxi (Normal Tariff) (1km)

$2.80 ISK 341

Taxi 1hour Waiting (Normal Tariff)

$80.5 ISK 9,808

Gasoline (1 liter)

$2.59 ISK 315

$2.10 ISK 256

23.33%

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

$41.3K ISK 5.0M

$68.8K ISK 8.4M

-39.98%

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

$65.2K ISK 7.9M

$55.0K ISK 6.7M

18.44%

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

$121 ISK 14.7K

$97.0 ISK 11.8K

24.52%

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

$25.21 ISK 3,072

$32.92 ISK 4,011

-23.42%

Internet (50+ Mbps, Unlimited Data)

$165 ISK 20.1K

$86.2 ISK 10.5K

90.92%

Gym Membership (Monthly)

$84.3 ISK 10.3K

Cinema Ticket

$15.53 ISK 1,892

$19.36 ISK 2,359

-19.78%

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

$367 ISK 44.7K

$1,182 ISK 144.0K

-68.94%

International Primary School, 1 Child (Yearly)

$26.3K ISK 3.2M

Jeans (Levis 501 Or Similar)

$80.8 ISK 9,845

$148 ISK 18.0K

-45.36%

Summer Dress (H&M, Zara, etc)

$66.1 ISK 8,059

Sport Shoes (Adidas, Nike)

$122 ISK 14.9K

$185 ISK 22.5K

-34.00%

Men's Leather Business Shoes

$247 ISK 30.1K

1-bedroom Apartment, City Center (Monthly)

$1,835 ISK 223.5K

1-bedroom Apartment, Outside City Center (Monthly)

$1,833 ISK 223.3K

3-bedroom Apartment, Outside City Center (Monthly)

$2,186 ISK 266.3K

Buy Apartment in City Center (m2)

$6,596 ISK 803.7K

Buy Apartment Outside City Center (m2)

$6,483 ISK 789.9K

$1,098 ISK 133.8K

490.59%

20-Year Fixed Mortgage Interest Rate (Annual %)

9.4

8.81

6.70%

CityCost data is based on AI and user input – minor inaccuracies may occur.

Last update for Akureyri: October 25, 2026

Last update for Grundarfjordur: October 24, 2026

Monthly budget structure

Share of the monthly basket for one person, rent included.

Groceries & Markets

Akureyri

–

Grundarfjordur

$621 36.3%

Eating Out

Akureyri

–

Grundarfjordur

$525 30.7%

Clothing & Footwear

Akureyri

–

Grundarfjordur

$291 17%

Monthly Utilities & Internet

Akureyri

–

Grundarfjordur

$216 12.6%

Sport & Entertainment

Akureyri

–

Grundarfjordur

$39 * 2.3%

Getting Around

Akureyri

–

Grundarfjordur

$21 * 1.2%

Accommodation & Living

Akureyri

–

Grundarfjordur

- * 0%

Categories marked with * are only partly priced – their share counts the items that do have prices.

Cost Breakdown

A mid-range dinner for two costs $129 in Akureyri versus $124 in Grundarfjordur. Groceries tell a different story – $327 in Akureyri vs $621 in Grundarfjordur – so Akureyri wins on supermarket bills even if dining out costs more.

Good to know

🇮🇸 Akureyri

🇮🇸 Grundarfjordur

🕒 Local time

09:29 9:29 AM

Same time as Akureyri

🌤 Weather

👥 Population

19,219

800

💱 Currency

Icelandic Króna ISK kr

📈 Exchange rate

1,000 ISK = 8.21 USD

1,000 ISK = 7.37 EUR

1,000 ISK = 8.21 USD

1,000 ISK = 7.37 EUR

Exchange rates and currency converter

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Akureyri Grundarfjordur 250 km

From you

Akureyri
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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 Grundarfjordur: Cost of Living - Frequently Asked Questions

Yes – Akureyri is pricier by about 81%, and outside of rent the gap shows up most in leisure.

For a comfortable life, plan on about $4,659 per month in Akureyri and $2,570 in Grundarfjordur. That covers rent, food, utilities, transport, and enough left over to feel settled – not just surviving.

A mid-range dinner for two costs $129 in Akureyri and $124 in Grundarfjordur. That’s a good indicator of the overall restaurant and café pricing gap between the two cities.

Interestingly, groceries are about 47% cheaper in Akureyri – one category where the pricier city actually offers better value, probably thanks to stronger retail competition or local farming.

A $2,000 monthly budget goes further in Grundarfjordur, where all-in costs run around $1,713, than in Akureyri at $3,106. In Grundarfjordur 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 $1,713 in Grundarfjordur to $3,106 in Akureyri. Climate, culture, job market, and personal taste all factor in.

Both have safer and rougher neighborhoods, but overall safety is comparable to other large cities. Neighborhood choice matters more than the city-level comparison – central, well-trafficked areas feel secure in both.