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

🙂 Solo nomad: Akureyri is 45% cheaper than Hafnarfjordur without rent, and 21.3% cheaper with rent.

🙂 Family of 3: Akureyri is 36.4% cheaper than Hafnarfjordur without rent, and 29.7% cheaper with rent.

Meal at Budget Restaurant

$24.36 ISK 3,049

$27.08 ISK 3,389

-10.04%

Three-Course Dinner for Two, Mid-Range

$129 ISK 16.1K

$146 ISK 18.2K

-11.70%

Fast Food Meal (McDonalds, etc)

$22.26 ISK 2,786

$16.50 ISK 2,065

34.91%

Cappuccino

$4.94 ISK 618

$6.20 ISK 775

-20.32%

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

$3.40 ISK 426

$3.36 ISK 421

1.19%

Water (0.33 liter bottle)

$2.94 ISK 368

$2.64 ISK 330

11.36%

Local Beer (0.5 liter draught)

$10.83 ISK 1,355

$12.84 ISK 1,606

-15.65%

Imported Beer (0.33 liter bottle)

$9.15 ISK 1,145

$11.42 ISK 1,429

-19.88%

Milk (1 liter)

$2.75 ISK 344

$1.69 ISK 211

62.72%

White Bread (500g)

$2.26 ISK 282

$4.36 ISK 545

-48.17%

Rice (white) (1kg)

$2.97 ISK 372

$3.56 ISK 445

-16.57%

Eggs

$8.20 ISK 1,026

$6.41 ISK 802

27.93%

Local Cheese (1kg)

$17.79 ISK 2,226

Chicken Fillets (1kg)

$23.90 ISK 2,991

$24.17 ISK 3,025

-1.12%

Beef Round Steak (1kg)

$42.16 ISK 5,276

Apples (1kg)

$3.23 ISK 404

Banana (1kg)

$2.36 ISK 295

Oranges (1kg)

$3.02 ISK 378

Tomato (1kg)

$4.92 ISK 615

Potato (1kg)

$3.59 ISK 449

Onion (1kg)

$2.45 ISK 306

Lettuce (1 head)

$3.16 ISK 396

Water (1.5 liter bottle)

$1.99 ISK 249

Cigarettes 20 Pack (Marlboro, Camel)

$13.29 ISK 1,663

$13.78 ISK 1,724

-3.56%

Wine (Bottle)

$24.14 ISK 3,020

Local Beer (0.5 liter bottle)

$3.58 ISK 448

Imported Beer (0.33 liter bottle)

$3.25 ISK 407

One-way Ticket (Public Transport)

$4.94 ISK 618

Public Transport Monthly Pass (Regular Price)

$84.2 ISK 10.5K

Taxi Start (Normal Tariff)

$6.17 ISK 772

Taxi (Normal Tariff) (1km)

$2.65 ISK 332

Taxi 1hour Waiting (Normal Tariff)

$84.8 ISK 10.6K

Gasoline (1 liter)

$2.58 ISK 323

$2.44 ISK 305

5.74%

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

$39.8K ISK 5.0M

$47.2K ISK 5.9M

-15.72%

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

$64.6K ISK 8.1M

$53.1K ISK 6.6M

21.76%

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

$120 ISK 15.0K

$68.3 ISK 8,552

75.77%

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

$25.46 ISK 3,186

$27.37 ISK 3,425

-6.98%

Internet (50+ Mbps, Unlimited Data)

$160 ISK 20.0K

$86.7 ISK 10.9K

84.57%

Gym Membership (Monthly)

$82.2 ISK 10.3K

$64.5 ISK 8,074

27.45%

Cinema Ticket

$14.83 ISK 1,856

$16.42 ISK 2,054

-9.68%

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

$355 ISK 44.4K

$325 ISK 40.7K

9.01%

International Primary School, 1 Child (Yearly)

$30.3K ISK 3.8M

Jeans (Levis 501 Or Similar)

$80.5 ISK 10.1K

$121 ISK 15.1K

-33.21%

Summer Dress (H&M, Zara, etc)

$62.1 ISK 7,770

Sport Shoes (Adidas, Nike)

$120 ISK 15.0K

0.05%

Men's Leather Business Shoes

$262 ISK 32.8K

1-bedroom Apartment, City Center (Monthly)

$1,742 ISK 217.9K

$2,438 ISK 305.1K

-28.58%

1-bedroom Apartment, Outside City Center (Monthly)

$1,788 ISK 223.8K

$1,980 ISK 247.8K

-9.71%

3-bedroom Apartment, City Center (Monthly)

$3,271 ISK 409.3K

3-bedroom Apartment, Outside City Center (Monthly)

$2,094 ISK 262.0K

$2,522 ISK 315.6K

-16.97%

Buy Apartment in City Center (m2)

$6,470 ISK 809.7K

$7,005 ISK 876.6K

-7.64%

Buy Apartment Outside City Center (m2)

$6,520 ISK 816.0K

$7,010 ISK 877.3K

-6.99%

Average Monthly Net Salary (After Tax)

$4,758 ISK 595.4K

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: March 3, 2026

Last update for Hafnarfjordur: March 2, 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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