Cost of Living Comparison Between Akureyri and Hella Cost of Living Comparison Between Akureyri and Hella

🙂 Solo nomad: Akureyri is 38.3% cheaper than Hella without rent, and 81.2% more expensive with rent.

🙂 Family of 3: Akureyri is 35.4% cheaper than Hella without rent, and 18.5% more expensive with rent.

Meal at Budget Restaurant

$24.23 ISK 3,023

$27.03 ISK 3,372

-10.36%

Three-Course Dinner for Two, Mid-Range

$126 ISK 15.8K

$142 ISK 17.7K

-11.05%

Fast Food Meal (McDonalds, etc)

$22 ISK 2,744

$22.3 ISK 2,782

-1.35%

Cappuccino

$4.73 ISK 591

$6.08 ISK 758

-22.20%

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

$3.43 ISK 428

$3.38 ISK 422

1.48%

Water (0.33 liter bottle)

$3.04 ISK 380

$2.51 ISK 314

21.12%

Local Beer (0.5 liter draught)

$10.74 ISK 1,339

$12.88 ISK 1,607

-16.61%

Imported Beer (0.33 liter bottle)

$9.04 ISK 1,127

$11.33 ISK 1,414

-20.21%

Milk (1 liter)

$2.84 ISK 354

$1.94 ISK 242

46.39%

White Bread (500g)

$2.32 ISK 289

$4.31 ISK 538

-46.17%

Rice (white) (1kg)

$3.03 ISK 377

$3.63 ISK 453

-16.53%

Eggs

$8.18 ISK 1,021

$6.5 ISK 811

25.85%

Local Cheese (1kg)

$18.25 ISK 2,277

Chicken Fillets (1kg)

$24.06 ISK 3,001

$23.89 ISK 2,981

0.71%

Beef Round Steak (1kg)

$42.64 ISK 5,320

Apples (1kg)

$3.22 ISK 402

Banana (1kg)

$2.4 ISK 299

Oranges (1kg)

$3.01 ISK 376

Tomato (1kg)

$4.96 ISK 618

Potato (1kg)

$3.5 ISK 437

Onion (1kg)

$2.41 ISK 300

Lettuce (1 head)

$3.05 ISK 381

Water (1.5 liter bottle)

$2.02 ISK 252

Cigarettes 20 Pack (Marlboro, Camel)

$13.68 ISK 1,706

$13.71 ISK 1,711

-0.22%

Wine (Bottle)

$24.56 ISK 3,064

Local Beer (0.5 liter bottle)

$3.68 ISK 459

Imported Beer (0.33 liter bottle)

$3.37 ISK 420

Taxi Start (Normal Tariff)

$6.29 ISK 785

Taxi (Normal Tariff) (1km)

$2.6 ISK 325

Taxi 1hour Waiting (Normal Tariff)

$87.4 ISK 10.9K

Gasoline (1 liter)

$2.51 ISK 313

$2.52 ISK 315

-0.40%

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

$40.6K ISK 5.1M

$48.1K ISK 6M

-15.72%

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

$64.7K ISK 8.1M

$52.2K ISK 6.5M

23.95%

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

$123 ISK 15.3K

$88.9 ISK 11.1K

37.85%

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

$24.89 ISK 3,106

$27.09 ISK 3,380

-8.12%

Internet (50+ Mbps, Unlimited Data)

$162 ISK 20.2K

$85.8 ISK 10.7K

88.82%

Gym Membership (Monthly)

$82.7 ISK 10.3K

Cinema Ticket

$15.29 ISK 1,907

$17.76 ISK 2,216

-13.91%

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

$360 ISK 44.9K

$319 ISK 39.8K

12.75%

International Primary School, 1 Child (Yearly)

$29.9K ISK 3.7M

Jeans (Levis 501 Or Similar)

$80.8 ISK 10.1K

$137 ISK 17K

-40.87%

Summer Dress (H&M, Zara, etc)

$62 ISK 7,734

Sport Shoes (Adidas, Nike)

$119 ISK 14.8K

$185 ISK 23.1K

-35.99%

Men's Leather Business Shoes

$264 ISK 32.9K

1-bedroom Apartment, City Center (Monthly)

$1,794 ISK 223.9K

1-bedroom Apartment, Outside City Center (Monthly)

$1,803 ISK 224.9K

3-bedroom Apartment, Outside City Center (Monthly)

$2,140 ISK 266.9K

Buy Apartment in City Center (m2)

$6,404 ISK 798.8K

Buy Apartment Outside City Center (m2)

$6,379 ISK 795.8K

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: October 27, 2025

Last update for Hella: October 28, 2025

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