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

🙂 Solo nomad: Akureyri is 30.5% cheaper than Hverageroi without rent, and 81.1% more expensive with rent.

🙂 Family of 3: Akureyri is 26% cheaper than Hverageroi without rent, and 22.1% more expensive with rent.

Meal at Budget Restaurant

$24.36 ISK 3,049

$27.43 ISK 3,433

-11.19%

Three-Course Dinner for Two, Mid-Range

$129 ISK 16.1K

$144 ISK 18.0K

-10.84%

Fast Food Meal (McDonalds, etc)

$22.26 ISK 2,786

$22.41 ISK 2,804

-0.67%

Cappuccino

$4.94 ISK 618

$5.98 ISK 748

-17.39%

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

$3.40 ISK 426

$3.39 ISK 425

0.29%

Water (0.33 liter bottle)

$2.94 ISK 368

$2.61 ISK 326

12.64%

Local Beer (0.5 liter draught)

$10.83 ISK 1,355

$12.82 ISK 1,604

-15.52%

Imported Beer (0.33 liter bottle)

$9.15 ISK 1,145

$11.35 ISK 1,421

-19.38%

Milk (1 liter)

$2.75 ISK 344

$1.88 ISK 235

46.28%

White Bread (500g)

$2.26 ISK 282

$4.15 ISK 519

-45.54%

Rice (white) (1kg)

$2.97 ISK 372

$3.62 ISK 453

-17.96%

Eggs

$8.20 ISK 1,026

$6.46 ISK 808

26.93%

Local Cheese (1kg)

$18.28 ISK 2,287

Chicken Fillets (1kg)

$23.90 ISK 2,991

$23.66 ISK 2,961

1.01%

Beef Round Steak (1kg)

$42.05 ISK 5,263

Apples (1kg)

$3.22 ISK 403

Banana (1kg)

$2.44 ISK 306

Oranges (1kg)

$2.97 ISK 372

Tomato (1kg)

$5.09 ISK 637

Potato (1kg)

$3.56 ISK 446

Onion (1kg)

$2.32 ISK 291

Lettuce (1 head)

$3.03 ISK 379

Water (1.5 liter bottle)

$1.94 ISK 243

Cigarettes 20 Pack (Marlboro, Camel)

$13.29 ISK 1,663

$13.72 ISK 1,717

-3.13%

Wine (Bottle)

$24.30 ISK 3,040

Local Beer (0.5 liter bottle)

$3.76 ISK 470

Imported Beer (0.33 liter bottle)

$3.25 ISK 406

Taxi Start (Normal Tariff)

$6.22 ISK 778

Taxi (Normal Tariff) (1km)

$2.66 ISK 333

Taxi 1hour Waiting (Normal Tariff)

$84.4 ISK 10.6K

Gasoline (1 liter)

$2.58 ISK 323

$2.47 ISK 310

4.45%

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

$39.8K ISK 5.0M

$47.1K ISK 5.9M

-15.42%

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

$64.6K ISK 8.1M

$51.6K ISK 6.5M

25.29%

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

$120 ISK 15.0K

$86.9 ISK 10.9K

38.18%

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

$25.46 ISK 3,186

$26.97 ISK 3,375

-5.60%

Internet (50+ Mbps, Unlimited Data)

$160 ISK 20.0K

$84.2 ISK 10.5K

90.00%

Gym Membership (Monthly)

$82.2 ISK 10.3K

Cinema Ticket

$14.83 ISK 1,856

$17.69 ISK 2,214

-16.17%

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

$355 ISK 44.4K

$327 ISK 40.9K

8.47%

International Primary School, 1 Child (Yearly)

$29.8K ISK 3.7M

Jeans (Levis 501 Or Similar)

$80.5 ISK 10.1K

$141 ISK 17.7K

-42.91%

Summer Dress (H&M, Zara, etc)

$60.8 ISK 7,610

Sport Shoes (Adidas, Nike)

$120 ISK 15.0K

$183 ISK 23.0K

-34.57%

Men's Leather Business Shoes

$264 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 Hverageroi: 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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