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

🙂 Solo nomad: Akureyri is 21% cheaper than Hverageroi without rent, and 78.9% more expensive with rent.

🙂 Family of 3: Akureyri is 37% cheaper than Hverageroi without rent, and 18.1% more expensive with rent.

Meal at Budget Restaurant

$23.74 ISK 2,990

$26.79 ISK 3,375

-11.38%

Three-Course Dinner for Two, Mid-Range

$131 ISK 16.5K

$146 ISK 18.4K

-10.57%

Fast Food Meal (McDonalds, etc)

$22.36 ISK 2,816

$22.77 ISK 2,868

-1.80%

Cappuccino

$4.82 ISK 607

$6.04 ISK 761

-20.20%

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

$3.44 ISK 434

$3.21 ISK 405

7.17%

Water (0.33 liter bottle)

$3.05 ISK 385

$2.59 ISK 326

17.76%

Local Beer (0.5 liter draught)

$11.05 ISK 1,391

$12.92 ISK 1,627

-14.47%

Imported Beer (0.33 liter bottle)

$9.27 ISK 1,168

$11.10 ISK 1,398

-16.49%

Milk (1 liter)

$2.73 ISK 344

$1.92 ISK 242

42.19%

White Bread (500g)

$2.23 ISK 281

$4.31 ISK 543

-48.26%

Rice (white) (1kg)

$3.06 ISK 386

$3.59 ISK 452

-14.76%

Eggs

$8.24 ISK 1,038

$6.40 ISK 806

28.75%

Local Cheese (1kg)

$18.26 ISK 2,300

Chicken Fillets (1kg)

$24.39 ISK 3,072

$24.32 ISK 3,063

0.29%

Beef Round Steak (1kg)

$42.40 ISK 5,341

Apples (1kg)

$3.22 ISK 406

Banana (1kg)

$2.43 ISK 306

Oranges (1kg)

$3.00 ISK 378

Tomato (1kg)

$5.04 ISK 635

Potato (1kg)

$3.65 ISK 460

Onion (1kg)

$2.43 ISK 306

Lettuce (1 head)

$3.02 ISK 380

Water (1.5 liter bottle)

$1.93 ISK 243

Cigarettes 20 Pack (Marlboro, Camel)

$13.34 ISK 1,680

$13.92 ISK 1,753

-4.17%

Wine (Bottle)

$24.29 ISK 3,059

Local Beer (0.5 liter bottle)

$3.67 ISK 463

Imported Beer (0.33 liter bottle)

$3.33 ISK 419

Taxi Start (Normal Tariff)

$6.18 ISK 778

Taxi (Normal Tariff) (1km)

$2.63 ISK 331

Taxi 1hour Waiting (Normal Tariff)

$84.5 ISK 10.6K

Gasoline (1 liter)

$2.45 ISK 308

$2.48 ISK 312

-1.21%

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

$39.6K ISK 5.0M

$46.4K ISK 5.8M

-14.60%

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

$63.2K ISK 8.0M

$52.0K ISK 6.6M

21.47%

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

$120 ISK 15.1K

$86.2 ISK 10.9K

39.25%

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

$25.23 ISK 3,177

$27.97 ISK 3,524

-9.80%

Internet (50+ Mbps, Unlimited Data)

$162 ISK 20.3K

$83.6 ISK 10.5K

93.14%

Gym Membership (Monthly)

$82.8 ISK 10.4K

Cinema Ticket

$15.34 ISK 1,932

$17.84 ISK 2,247

-14.01%

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

$355 ISK 44.7K

$321 ISK 40.4K

10.50%

International Primary School, 1 Child (Yearly)

$30.5K ISK 3.8M

Jeans (Levis 501 Or Similar)

$81.7 ISK 10.3K

$138 ISK 17.4K

-40.86%

Summer Dress (H&M, Zara, etc)

$62.2 ISK 7,834

Sport Shoes (Adidas, Nike)

$122 ISK 15.4K

$183 ISK 23.0K

-33.08%

Men's Leather Business Shoes

$270 ISK 34.0K

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 794.2K

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: January 12, 2026

Last update for Hverageroi: January 11, 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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