Cost of Living Comparison Between Akureyri and Hverageroi Cost of Living Comparison Between Akureyri and Hverageroi

🙂 Solo nomad: Akureyri is 35.2% cheaper than Hverageroi without rent, and 81.5% more expensive with rent.

🙂 Family of 3: Akureyri is 34.1% cheaper than Hverageroi without rent, and 22.4% more expensive with rent.

Meal at Budget Restaurant

$23.93 ISK 2,985

$26.64 ISK 3,323

-10.17%

Three-Course Dinner for Two, Mid-Range

$129 ISK 16.1K

$146 ISK 18.2K

-11.65%

Fast Food Meal (McDonalds, etc)

$21.97 ISK 2,741

$22.31 ISK 2,783

-1.52%

Cappuccino

$4.9 ISK 611

$6.25 ISK 780

-21.60%

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

$3.28 ISK 409

$3.37 ISK 421

-2.67%

Water (0.33 liter bottle)

$3.06 ISK 382

$2.5 ISK 312

22.40%

Local Beer (0.5 liter draught)

$10.98 ISK 1,370

$12.73 ISK 1,588

-13.75%

Imported Beer (0.33 liter bottle)

$9.37 ISK 1,169

$11.44 ISK 1,427

-18.09%

Milk (1 liter)

$2.88 ISK 360

$1.95 ISK 243

47.69%

White Bread (500g)

$2.33 ISK 291

$4.35 ISK 543

-46.44%

Rice (white) (1kg)

$3.13 ISK 390

$3.59 ISK 448

-12.81%

Eggs

$7.95 ISK 991

$6.4 ISK 799

24.22%

Local Cheese (1kg)

$18.18 ISK 2,267

Chicken Fillets (1kg)

$24.09 ISK 3,005

$24.55 ISK 3,063

-1.87%

Beef Round Steak (1kg)

$42.64 ISK 5,319

Apples (1kg)

$3.2 ISK 399

Banana (1kg)

$2.51 ISK 313

Oranges (1kg)

$3 ISK 375

Tomato (1kg)

$4.92 ISK 614

Potato (1kg)

$3.58 ISK 447

Onion (1kg)

$2.39 ISK 299

Lettuce (1 head)

$3.16 ISK 394

Water (1.5 liter bottle)

$2.01 ISK 251

Cigarettes 20 Pack (Marlboro, Camel)

$13.22 ISK 1,650

$13.53 ISK 1,688

-2.29%

Wine (Bottle)

$23.98 ISK 2,992

Local Beer (0.5 liter bottle)

$3.62 ISK 452

Imported Beer (0.33 liter bottle)

$3.19 ISK 398

Taxi Start (Normal Tariff)

$6.33 ISK 790

Taxi (Normal Tariff) (1km)

$2.54 ISK 317

Taxi 1hour Waiting (Normal Tariff)

$87.7 ISK 10.9K

Gasoline (1 liter)

$2.58 ISK 322

$2.44 ISK 304

5.74%

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

$39.5K ISK 4.9M

$47.5K ISK 5.9M

-16.85%

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

$65.5K ISK 8.2M

$51.3K ISK 6.4M

27.69%

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

$121 ISK 15.1K

$89.4 ISK 11.1K

35.29%

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

$25.16 ISK 3,138

$27.56 ISK 3,438

-8.71%

Internet (50+ Mbps, Unlimited Data)

$159 ISK 19.8K

$85.7 ISK 10.7K

84.92%

Gym Membership (Monthly)

$85 ISK 10.6K

Cinema Ticket

$14.98 ISK 1,869

$17.8 ISK 2,220

-15.84%

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

$357 ISK 44.6K

$317 ISK 39.5K

12.87%

International Primary School, 1 Child (Yearly)

$30.7K ISK 3.8M

Jeans (Levis 501 Or Similar)

$80 ISK 9,980

$137 ISK 17.1K

-41.70%

Summer Dress (H&M, Zara, etc)

$61.1 ISK 7,627

Sport Shoes (Adidas, Nike)

$119 ISK 14.8K

$180 ISK 22.5K

-34.04%

Men's Leather Business Shoes

$267 ISK 33.4K

1-bedroom Apartment, City Center (Monthly)

$1,748 ISK 218.1K

1-bedroom Apartment, Outside City Center (Monthly)

$1,790 ISK 223.4K

3-bedroom Apartment, Outside City Center (Monthly)

$2,098 ISK 261.7K

Buy Apartment in City Center (m2)

$6,556 ISK 817.9K

Buy Apartment Outside City Center (m2)

$6,382 ISK 796.2K

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: November 3, 2025

Last update for Hverageroi: November 3, 2025

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