Cost of Living Comparison Between Akureyri and Keflavik Cost of Living Comparison Between Akureyri and Keflavik

🙂 Solo nomad: Akureyri is 37.4% cheaper than Keflavik without rent, and 0.8% more expensive with rent.

🙂 Family of 3: Akureyri is 21.6% cheaper than Keflavik without rent, and 18.9% cheaper with rent.

Meal at Budget Restaurant

$24.36 ISK 3,049

$24.37 ISK 3,049

-0.04%

Three-Course Dinner for Two, Mid-Range

$129 ISK 16.1K

$143 ISK 17.9K

-10.05%

Fast Food Meal (McDonalds, etc)

$22.26 ISK 2,786

$20.19 ISK 2,527

10.25%

Cappuccino

$4.94 ISK 618

$3.99 ISK 499

23.81%

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

$3.40 ISK 426

$3.20 ISK 400

6.25%

Water (0.33 liter bottle)

$2.94 ISK 368

$2.51 ISK 314

17.13%

Local Beer (0.5 liter draught)

$10.83 ISK 1,355

$8.22 ISK 1,029

31.75%

Imported Beer (0.33 liter bottle)

$9.15 ISK 1,145

$7.89 ISK 987

15.97%

Milk (1 liter)

$2.75 ISK 344

$1.96 ISK 246

40.31%

White Bread (500g)

$2.26 ISK 282

$4.31 ISK 539

-47.56%

Rice (white) (1kg)

$2.97 ISK 372

$2.36 ISK 295

25.85%

Eggs

$8.20 ISK 1,026

$6.21 ISK 777

32.05%

Local Cheese (1kg)

$17.93 ISK 2,244

Chicken Fillets (1kg)

$23.90 ISK 2,991

$23.44 ISK 2,933

1.96%

Beef Round Steak (1kg)

$43.07 ISK 5,390

Apples (1kg)

$2.39 ISK 299

Banana (1kg)

$2.40 ISK 300

Oranges (1kg)

$2.46 ISK 307

Tomato (1kg)

$4.06 ISK 508

Potato (1kg)

$3.18 ISK 397

Onion (1kg)

$2.04 ISK 255

Lettuce (1 head)

$3.13 ISK 391

Water (1.5 liter bottle)

$1.92 ISK 241

Cigarettes 20 Pack (Marlboro, Camel)

$13.29 ISK 1,663

$13.59 ISK 1,701

-2.21%

Wine (Bottle)

$16.49 ISK 2,063

Local Beer (0.5 liter bottle)

$3.75 ISK 470

Imported Beer (0.33 liter bottle)

$2.74 ISK 343

One-way Ticket (Public Transport)

$3.56 ISK 446

Public Transport Monthly Pass (Regular Price)

$74.1 ISK 9,271

Taxi Start (Normal Tariff)

$6.27 ISK 784

Taxi (Normal Tariff) (1km)

$2.29 ISK 286

Taxi 1hour Waiting (Normal Tariff)

$86.6 ISK 10.8K

Gasoline (1 liter)

$2.58 ISK 323

$2.43 ISK 304

6.17%

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

$39.8K ISK 5.0M

$47.6K ISK 6.0M

-16.39%

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

$64.6K ISK 8.1M

$53.0K ISK 6.6M

22.00%

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

$120 ISK 15.0K

$88.8 ISK 11.1K

35.26%

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

$25.46 ISK 3,186

$27.97 ISK 3,500

-8.97%

Internet (50+ Mbps, Unlimited Data)

$160 ISK 20.0K

$85.5 ISK 10.7K

87.20%

Gym Membership (Monthly)

$82.2 ISK 10.3K

Cinema Ticket

$14.83 ISK 1,856

$17.26 ISK 2,160

-14.08%

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

$355 ISK 44.4K

$323 ISK 40.5K

9.61%

International Primary School, 1 Child (Yearly)

$30.4K ISK 3.8M

Jeans (Levis 501 Or Similar)

$80.5 ISK 10.1K

$139 ISK 17.4K

-42.18%

Summer Dress (H&M, Zara, etc)

$61.3 ISK 7,673

Sport Shoes (Adidas, Nike)

$120 ISK 15.0K

$180 ISK 22.6K

-33.46%

Men's Leather Business Shoes

$191 ISK 23.9K

1-bedroom Apartment, City Center (Monthly)

$1,742 ISK 217.9K

$1,866 ISK 233.5K

-6.67%

1-bedroom Apartment, Outside City Center (Monthly)

$1,788 ISK 223.8K

$1,319 ISK 165.1K

35.56%

3-bedroom Apartment, City Center (Monthly)

$2,415 ISK 302.2K

3-bedroom Apartment, Outside City Center (Monthly)

$2,094 ISK 262.0K

$2,043 ISK 255.7K

2.49%

Buy Apartment in City Center (m2)

$6,470 ISK 809.7K

Buy Apartment Outside City Center (m2)

$6,520 ISK 816.0K

Average Monthly Net Salary (After Tax)

$3,742 ISK 468.3K

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 Keflavik: 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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