Cost of Living Comparison Between Akureyri and Hafnarfjordur Cost of Living Comparison Between Akureyri and Hafnarfjordur

🙂 Solo nomad: Akureyri is 29.6% cheaper than Hafnarfjordur without rent, and 23.3% cheaper with rent.

🙂 Family of 3: Akureyri is 43.3% cheaper than Hafnarfjordur without rent, and 30.2% cheaper with rent.

Meal at Budget Restaurant

$23.74 ISK 2,990

$27.05 ISK 3,407

-12.24%

Three-Course Dinner for Two, Mid-Range

$131 ISK 16.5K

$144 ISK 18.1K

-9.15%

Fast Food Meal (McDonalds, etc)

$22.36 ISK 2,816

$16.33 ISK 2,057

36.93%

Cappuccino

$4.82 ISK 607

$6.19 ISK 780

-22.13%

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

$3.44 ISK 434

$3.30 ISK 415

4.24%

Water (0.33 liter bottle)

$3.05 ISK 385

$2.52 ISK 317

21.03%

Local Beer (0.5 liter draught)

$11.05 ISK 1,391

$12.82 ISK 1,615

-13.81%

Imported Beer (0.33 liter bottle)

$9.27 ISK 1,168

$11.18 ISK 1,409

-17.08%

Milk (1 liter)

$2.73 ISK 344

$1.64 ISK 207

66.46%

White Bread (500g)

$2.23 ISK 281

$4.25 ISK 536

-47.53%

Rice (white) (1kg)

$3.06 ISK 386

$3.61 ISK 455

-15.24%

Eggs

$8.24 ISK 1,038

$6.53 ISK 822

26.19%

Local Cheese (1kg)

$18.48 ISK 2,328

Chicken Fillets (1kg)

$24.39 ISK 3,072

$24.11 ISK 3,037

1.16%

Beef Round Steak (1kg)

$42.19 ISK 5,315

Apples (1kg)

$3.24 ISK 408

Banana (1kg)

$2.46 ISK 310

Oranges (1kg)

$2.99 ISK 377

Tomato (1kg)

$5.09 ISK 641

Potato (1kg)

$3.57 ISK 449

Onion (1kg)

$2.33 ISK 293

Lettuce (1 head)

$3.10 ISK 390

Water (1.5 liter bottle)

$2.03 ISK 255

Cigarettes 20 Pack (Marlboro, Camel)

$13.34 ISK 1,680

$13.49 ISK 1,699

-1.11%

Wine (Bottle)

$24.10 ISK 3,036

Local Beer (0.5 liter bottle)

$3.62 ISK 456

Imported Beer (0.33 liter bottle)

$3.23 ISK 407

One-way Ticket (Public Transport)

$5.17 ISK 652

Public Transport Monthly Pass (Regular Price)

$83.4 ISK 10.5K

Taxi Start (Normal Tariff)

$6.17 ISK 777

Taxi (Normal Tariff) (1km)

$2.64 ISK 332

Taxi 1hour Waiting (Normal Tariff)

$86.5 ISK 10.9K

Gasoline (1 liter)

$2.45 ISK 308

$2.48 ISK 313

-1.21%

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

$39.6K ISK 5.0M

$46.5K ISK 5.9M

-14.71%

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

$63.2K ISK 8.0M

$52.8K ISK 6.7M

19.63%

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

$120 ISK 15.1K

$67.5 ISK 8,507

77.73%

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

$25.23 ISK 3,177

$27.42 ISK 3,453

-7.99%

Internet (50+ Mbps, Unlimited Data)

$162 ISK 20.3K

$85.3 ISK 10.7K

89.49%

Gym Membership (Monthly)

$82.8 ISK 10.4K

$63.7 ISK 8,025

29.90%

Cinema Ticket

$15.34 ISK 1,932

$16.37 ISK 2,062

-6.29%

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

$355 ISK 44.7K

$316 ISK 39.8K

12.15%

International Primary School, 1 Child (Yearly)

$29.8K ISK 3.7M

Jeans (Levis 501 Or Similar)

$81.7 ISK 10.3K

$120 ISK 15.1K

-31.87%

Summer Dress (H&M, Zara, etc)

$61.8 ISK 7,784

Sport Shoes (Adidas, Nike)

$122 ISK 15.4K

$122 ISK 15.3K

0.65%

Men's Leather Business Shoes

$265 ISK 33.4K

1-bedroom Apartment, City Center (Monthly)

$1,740 ISK 219.1K

$2,373 ISK 298.9K

-26.70%

1-bedroom Apartment, Outside City Center (Monthly)

$1,753 ISK 220.8K

$2,041 ISK 257.1K

-14.11%

3-bedroom Apartment, City Center (Monthly)

$3,241 ISK 408.3K

3-bedroom Apartment, Outside City Center (Monthly)

$2,121 ISK 267.1K

$2,555 ISK 321.8K

-16.99%

Buy Apartment in City Center (m2)

$6,473 ISK 815.3K

$6,838 ISK 861.3K

-5.34%

Buy Apartment Outside City Center (m2)

$6,305 ISK 794.2K

$6,703 ISK 844.3K

-5.94%

Average Monthly Net Salary (After Tax)

$4,521 ISK 569.4K

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 Hafnarfjordur: January 11, 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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