Cost of Living Comparison Between Akureyri and Hallormsstadur Cost of Living Comparison Between Akureyri and Hallormsstadur

Meal at Budget Restaurant

$23.74 ISK 2,990

Three-Course Dinner for Two, Mid-Range

$131 ISK 16.5K

Fast Food Meal (McDonalds, etc)

$22.36 ISK 2,816

Cappuccino

$4.82 ISK 607

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

$3.44 ISK 434

Water (0.33 liter bottle)

$3.05 ISK 385

Local Beer (0.5 liter draught)

$11.05 ISK 1,391

Imported Beer (0.33 liter bottle)

$9.27 ISK 1,168

Milk (1 liter)

$2.73 ISK 344

White Bread (500g)

$2.23 ISK 281

Rice (white) (1kg)

$3.06 ISK 386

Eggs

$8.24 ISK 1,038

Chicken Fillets (1kg)

$24.39 ISK 3,072

Cigarettes 20 Pack (Marlboro, Camel)

$13.34 ISK 1,680

Gasoline (1 liter)

$2.45 ISK 309

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

$39.6K ISK 5.0M

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

$63.2K ISK 8.0M

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

$120 ISK 15.1K

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

$25.23 ISK 3,178

Internet (50+ Mbps, Unlimited Data)

$162 ISK 20.3K

Gym Membership (Monthly)

$82.8 ISK 10.4K

Cinema Ticket

$15.34 ISK 1,932

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

$355 ISK 44.7K

Jeans (Levis 501 Or Similar)

$81.7 ISK 10.3K

Sport Shoes (Adidas, Nike)

$122 ISK 15.4K

1-bedroom Apartment, City Center (Monthly)

$1,740 ISK 219.1K

1-bedroom Apartment, Outside City Center (Monthly)

$1,753 ISK 220.8K

3-bedroom Apartment, Outside City Center (Monthly)

$2,121 ISK 267.1K

Buy Apartment in City Center (m2)

$6,473 ISK 815.3K

Buy Apartment Outside City Center (m2)

$6,305 ISK 794.3K

20-Year Fixed Mortgage Interest Rate (Annual %)

9.4

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

Last update for Akureyri: January 12, 2026

Last update for Hallormsstadur: January 13, 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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