Last update: Oct 2026

Cost of Living Comparison Between Akureyri and Hverageroi

For one person, living is cheaper in Hverageroi: $1,719 a month against $3,106 in Akureyri, rent and utilities included – about $16,600 less a year. Higher rent and utilities in Akureyri outweigh lower spending on other living expenses.

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Cost of Living Index in Hverageroi
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Hverageroi Living Index

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Akureyri

🇮🇸 Iceland

$3,106

/mo nomad

Hverageroi

🇮🇸 Iceland

$1,719

/mo nomad

Monthly Cost of Living

How much you'll spend in Akureyri and in Hverageroi

Real prices from locals and on-the-ground checks – rent, groceries, transit and the daily extras. Here's what a month in Akureyri and in Hverageroi actually costs, broken down by who's living it.

A single person spends $3,106 per month in Akureyri vs $1,719 in Hverageroi, rent included.

Akureyri $3,106
Hverageroi $1,719

A couple spends around $4,170 per month in Akureyri vs $2,927 in Hverageroi, rent included.

Akureyri $4,170
Hverageroi $2,927

A family of three spends $5,234 per month in Akureyri vs $4,135 in Hverageroi, rent included.

Akureyri $5,234
Hverageroi $4,135

Akureyri costs about 81% more than Hverageroi, and outside of rent the biggest gap is in leisure.

Both Akureyri and Hverageroi sit above the global median – Akureyri by 130%, Hverageroi by 27%.

Meal at Budget Restaurant

$24.19 ISK 2,939

$31.27 ISK 3,799

-22.64%

Three-Course Dinner for Two, Mid-Range

$131 ISK 15.9K

$124 ISK 15.1K

5.66%

Fast Food Meal (McDonalds, etc)

$22.90 ISK 2,782

$27.50 ISK 3,341

-16.73%

Cappuccino

$4.90 ISK 596

$6.74 ISK 819

-27.30%

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

$3.50 ISK 426

$3.37 ISK 409

3.86%

Water (0.33 liter bottle)

$3.12 ISK 379

$3.15 ISK 383

-0.95%

Local Beer (0.5 liter draught)

$11.08 ISK 1,347

$14.10 ISK 1,713

-21.42%

Imported Beer (0.33 liter bottle)

$9.18 ISK 1,115

$12.30 ISK 1,495

-25.37%

Milk (1 liter)

$2.76 ISK 335

$2.02 ISK 246

36.63%

White Bread (500g)

$2.40 ISK 291

$4.28 ISK 520

-43.93%

Rice (white) (1kg)

$3.05 ISK 370

$3.65 ISK 444

-16.44%

Eggs

$7.90 ISK 960

$6.90 ISK 838

14.49%

Local Cheese (1kg)

$15.82 ISK 1,923

$21.93 ISK 2,665

-27.86%

Chicken Fillets (1kg)

$24.51 ISK 2,978

$23.98 ISK 2,914

2.21%

Beef Round Steak (1kg)

$41.79 ISK 5,077

Apples (1kg)

$3.36 ISK 408

Banana (1kg)

$2.93 ISK 356

$2.76 ISK 335

6.16%

Oranges (1kg)

$3.50 ISK 426

$3.18 ISK 387

10.06%

Tomato (1kg)

$5.94 ISK 721

$6.38 ISK 775

-6.90%

Potato (1kg)

$3.91 ISK 475

Onion (1kg)

$1.70 ISK 207

Lettuce (1 head)

$3.62 ISK 440

Water (1.5 liter bottle)

$1.77 ISK 215

Cigarettes 20 Pack (Marlboro, Camel)

$13.66 ISK 1,659

$13.81 ISK 1,678

-1.09%

Wine (Bottle)

$23.51 ISK 2,856

Local Beer (0.5 liter bottle)

$3.54 ISK 430

Imported Beer (0.33 liter bottle)

$3.48 ISK 423

Taxi Start (Normal Tariff)

$6.90 ISK 839

Taxi (Normal Tariff) (1km)

$2.90 ISK 352

Taxi 1hour Waiting (Normal Tariff)

$81.7 ISK 9,928

Gasoline (1 liter)

$2.53 ISK 307

$2.04 ISK 248

24.02%

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

$41.2K ISK 5.0M

$69.7K ISK 8.5M

-40.86%

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

$65.9K ISK 8.0M

$55.0K ISK 6.7M

19.78%

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

$125 ISK 15.2K

$97.0 ISK 11.8K

29.10%

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

$25.95 ISK 3,153

$32.70 ISK 3,973

-20.64%

Internet (50+ Mbps, Unlimited Data)

$164 ISK 19.9K

$85.4 ISK 10.4K

92.12%

Gym Membership (Monthly)

$85.2 ISK 10.3K

Cinema Ticket

$15.66 ISK 1,903

$19.66 ISK 2,389

-20.35%

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

$372 ISK 45.2K

$1,207 ISK 146.7K

-69.18%

International Primary School, 1 Child (Yearly)

$26.2K ISK 3.2M

Jeans (Levis 501 Or Similar)

$82.2 ISK 9,987

$150 ISK 18.2K

-45.09%

Summer Dress (H&M, Zara, etc)

$66.8 ISK 8,114

Sport Shoes (Adidas, Nike)

$122 ISK 14.8K

$185 ISK 22.5K

-34.11%

Men's Leather Business Shoes

$247 ISK 30.0K

1-bedroom Apartment, City Center (Monthly)

$1,807 ISK 219.6K

1-bedroom Apartment, Outside City Center (Monthly)

$1,834 ISK 222.9K

3-bedroom Apartment, Outside City Center (Monthly)

$2,171 ISK 263.8K

Buy Apartment in City Center (m2)

$6,673 ISK 810.8K

Buy Apartment Outside City Center (m2)

$6,448 ISK 783.4K

20-Year Fixed Mortgage Interest Rate (Annual %)

9.4

8.81

6.70%

CityCost data is based on AI and user input – minor inaccuracies may occur.

Last update for Akureyri: October 31, 2026

Last update for Hverageroi: November 1, 2026

Monthly budget structure

Share of the monthly basket for one person, rent included.

Groceries & Markets

Akureyri

–

Hverageroi

$617 35.9%

Eating Out

Akureyri

–

Hverageroi

$535 31.1%

Clothing & Footwear

Akureyri

–

Hverageroi

$292 17%

Monthly Utilities & Internet

Akureyri

–

Hverageroi

$215 12.5%

Sport & Entertainment

Akureyri

–

Hverageroi

$39 * 2.3%

Getting Around

Akureyri

–

Hverageroi

$21 * 1.2%

Accommodation & Living

Akureyri

–

Hverageroi

- * 0%

Categories marked with * are only partly priced – their share counts the items that do have prices.

Cost Breakdown

A mid-range dinner for two costs $131 in Akureyri versus $124 in Hverageroi. Groceries tell a different story – $327 in Akureyri vs $617 in Hverageroi – so Akureyri wins on supermarket bills even if dining out costs more.

Good to know

🇮🇸 Akureyri

🇮🇸 Hverageroi

🕒 Local time

08:30 8:30 AM

Same time as Akureyri

🌤 Weather

👥 Population

19,219

2,657

💱 Currency

Icelandic Króna ISK kr

📈 Exchange rate

1,000 ISK = 8.23 USD

1,000 ISK = 7.34 EUR

1,000 ISK = 8.23 USD

1,000 ISK = 7.34 EUR

Exchange rates and currency converter

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Akureyri Hverageroi 240 km

From you

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Hverageroi

Distances are measured in a straight line. Your location is detected approximately.

City Median Internet Speeds Comparison (Updated April 2026)

The chart highlights the Precision Threshold for mobile and fixed broadband internet speeds, updated quarterly.

Digital Nomad Cost of Living Index

Akureyri vs Hverageroi: Cost of Living - Frequently Asked Questions

Yes – Akureyri is pricier by about 81%, and outside of rent the gap shows up most in leisure.

For a comfortable life, plan on about $4,658 per month in Akureyri and $2,578 in Hverageroi. That covers rent, food, utilities, transport, and enough left over to feel settled – not just surviving.

A mid-range dinner for two costs $131 in Akureyri and $124 in Hverageroi. That’s a good indicator of the overall restaurant and café pricing gap between the two cities.

Interestingly, groceries are about 47% cheaper in Akureyri – one category where the pricier city actually offers better value.

A $2,000 monthly budget goes further in Hverageroi, where all-in costs run around $1,719, than in Akureyri at $3,106. In Hverageroi it covers expenses comfortably, while in Akureyri it requires careful planning or may not stretch far enough.

It depends on your priorities. Akureyri has an edge in some lifestyle areas, with costs from $1,719 in Hverageroi to $3,106 in Akureyri. Climate, culture, job market, and personal taste all factor in.

Both cities have a reputation for safety. In either place, the choice of neighborhood matters more than the choice between the two cities.