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

🙂 Solo nomad: Akureyri is 36.6% cheaper than Hella without rent, and 82.3% more expensive with rent.

🙂 Family of 3: Akureyri is 33.5% cheaper than Hella without rent, and 17.9% more expensive with rent.

Meal at Budget Restaurant

$24.36 ISK 3,049

$27.19 ISK 3,403

-10.41%

Three-Course Dinner for Two, Mid-Range

$129 ISK 16.1K

$146 ISK 18.2K

-11.83%

Fast Food Meal (McDonalds, etc)

$22.26 ISK 2,786

$22.31 ISK 2,792

-0.22%

Cappuccino

$4.94 ISK 618

$5.95 ISK 744

-16.97%

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

$3.40 ISK 426

$3.24 ISK 406

4.94%

Water (0.33 liter bottle)

$2.94 ISK 368

$2.51 ISK 315

17.13%

Local Beer (0.5 liter draught)

$10.83 ISK 1,355

$12.68 ISK 1,586

-14.59%

Imported Beer (0.33 liter bottle)

$9.15 ISK 1,145

$11.34 ISK 1,420

-19.31%

Milk (1 liter)

$2.75 ISK 344

$1.94 ISK 243

41.75%

White Bread (500g)

$2.26 ISK 282

$4.16 ISK 521

-45.67%

Rice (white) (1kg)

$2.97 ISK 372

$3.59 ISK 450

-17.27%

Eggs

$8.20 ISK 1,026

$6.51 ISK 815

25.96%

Local Cheese (1kg)

$18.09 ISK 2,264

Chicken Fillets (1kg)

$23.90 ISK 2,991

$24.39 ISK 3,052

-2.01%

Beef Round Steak (1kg)

$43.11 ISK 5,395

Apples (1kg)

$3.32 ISK 416

Banana (1kg)

$2.43 ISK 304

Oranges (1kg)

$2.99 ISK 374

Tomato (1kg)

$5.10 ISK 638

Potato (1kg)

$3.53 ISK 442

Onion (1kg)

$2.32 ISK 290

Lettuce (1 head)

$3.19 ISK 400

Water (1.5 liter bottle)

$1.95 ISK 244

Cigarettes 20 Pack (Marlboro, Camel)

$13.29 ISK 1,663

$13.59 ISK 1,701

-2.21%

Wine (Bottle)

$24.40 ISK 3,053

Local Beer (0.5 liter bottle)

$3.70 ISK 463

Imported Beer (0.33 liter bottle)

$3.22 ISK 403

Taxi Start (Normal Tariff)

$6.19 ISK 775

Taxi (Normal Tariff) (1km)

$2.64 ISK 331

Taxi 1hour Waiting (Normal Tariff)

$86.2 ISK 10.8K

Gasoline (1 liter)

$2.58 ISK 323

$2.45 ISK 307

5.31%

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

$39.8K ISK 5.0M

$47.4K ISK 5.9M

-15.94%

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

$64.6K ISK 8.1M

$53.1K ISK 6.6M

21.67%

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

$120 ISK 15.0K

$89.2 ISK 11.2K

34.72%

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

$25.46 ISK 3,186

$27.93 ISK 3,495

-8.84%

Internet (50+ Mbps, Unlimited Data)

$160 ISK 20.0K

$86.3 ISK 10.8K

85.55%

Gym Membership (Monthly)

$82.2 ISK 10.3K

Cinema Ticket

$14.83 ISK 1,856

$17.74 ISK 2,220

-16.40%

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

$355 ISK 44.4K

$317 ISK 39.6K

12.00%

International Primary School, 1 Child (Yearly)

$29.6K ISK 3.7M

Jeans (Levis 501 Or Similar)

$80.5 ISK 10.1K

$140 ISK 17.6K

-42.62%

Summer Dress (H&M, Zara, etc)

$61.4 ISK 7,677

Sport Shoes (Adidas, Nike)

$120 ISK 15.0K

$186 ISK 23.3K

-35.42%

Men's Leather Business Shoes

$265 ISK 33.1K

1-bedroom Apartment, City Center (Monthly)

$1,742 ISK 217.9K

1-bedroom Apartment, Outside City Center (Monthly)

$1,788 ISK 223.8K

3-bedroom Apartment, Outside City Center (Monthly)

$2,094 ISK 262.0K

Buy Apartment in City Center (m2)

$6,470 ISK 809.7K

Buy Apartment Outside City Center (m2)

$6,520 ISK 816.0K

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 Hella: February 28, 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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