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

🙂 Solo nomad: Akureyri is 43.2% cheaper than Keflavik without rent, and 2% more expensive with rent.

🙂 Family of 3: Akureyri is 40.5% cheaper than Keflavik without rent, and 18.9% cheaper with rent.

Meal at Budget Restaurant

$24.23 ISK 3,023

$24.08 ISK 3,004

0.62%

Three-Course Dinner for Two, Mid-Range

$126 ISK 15.8K

$144 ISK 18K

-12.10%

Fast Food Meal (McDonalds, etc)

$22 ISK 2,744

$20.26 ISK 2,528

8.59%

Cappuccino

$4.73 ISK 591

$4.01 ISK 500

17.96%

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

$3.43 ISK 428

$3.14 ISK 391

9.24%

Water (0.33 liter bottle)

$3.04 ISK 380

$2.61 ISK 326

16.48%

Local Beer (0.5 liter draught)

$10.74 ISK 1,339

$7.94 ISK 990

35.26%

Imported Beer (0.33 liter bottle)

$9.04 ISK 1,127

$8.01 ISK 1,000

12.86%

Milk (1 liter)

$2.84 ISK 354

$1.88 ISK 234

51.06%

White Bread (500g)

$2.32 ISK 289

$4.31 ISK 537

-46.17%

Rice (white) (1kg)

$3.03 ISK 377

$2.37 ISK 296

27.85%

Eggs

$8.18 ISK 1,021

$6.12 ISK 764

33.66%

Local Cheese (1kg)

$18.3 ISK 2,283

Chicken Fillets (1kg)

$24.06 ISK 3,001

$23.39 ISK 2,917

2.86%

Beef Round Steak (1kg)

$41.94 ISK 5,232

Apples (1kg)

$2.45 ISK 306

Banana (1kg)

$2.48 ISK 309

Oranges (1kg)

$2.44 ISK 305

Tomato (1kg)

$3.94 ISK 491

Potato (1kg)

$3.15 ISK 393

Onion (1kg)

$2.06 ISK 257

Lettuce (1 head)

$3.17 ISK 396

Water (1.5 liter bottle)

$1.91 ISK 239

Cigarettes 20 Pack (Marlboro, Camel)

$13.68 ISK 1,706

$13.46 ISK 1,680

1.63%

Wine (Bottle)

$16.37 ISK 2,042

Local Beer (0.5 liter bottle)

$3.64 ISK 454

Imported Beer (0.33 liter bottle)

$2.77 ISK 346

One-way Ticket (Public Transport)

$3.7 ISK 461

Public Transport Monthly Pass (Regular Price)

$74.4 ISK 9,282

Taxi Start (Normal Tariff)

$6.28 ISK 783

Taxi (Normal Tariff) (1km)

$2.36 ISK 294

Taxi 1hour Waiting (Normal Tariff)

$87.6 ISK 10.9K

Gasoline (1 liter)

$2.51 ISK 313

$2.48 ISK 310

1.21%

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

$40.6K ISK 5.1M

$47.5K ISK 5.9M

-14.62%

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

$64.7K ISK 8.1M

$52.5K ISK 6.6M

23.24%

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

$123 ISK 15.3K

$86.6 ISK 10.8K

41.57%

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

$24.89 ISK 3,106

$27.89 ISK 3,479

-10.76%

Internet (50+ Mbps, Unlimited Data)

$162 ISK 20.2K

$84.8 ISK 10.6K

90.94%

Gym Membership (Monthly)

$82.7 ISK 10.3K

Cinema Ticket

$15.29 ISK 1,907

$17.59 ISK 2,194

-13.08%

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

$360 ISK 44.9K

$326 ISK 40.7K

10.28%

International Primary School, 1 Child (Yearly)

$29.7K ISK 3.7M

Jeans (Levis 501 Or Similar)

$80.8 ISK 10.1K

$138 ISK 17.2K

-41.38%

Summer Dress (H&M, Zara, etc)

$61.2 ISK 7,638

Sport Shoes (Adidas, Nike)

$119 ISK 14.8K

$186 ISK 23.2K

-36.06%

Men's Leather Business Shoes

$184 ISK 22.9K

1-bedroom Apartment, City Center (Monthly)

$1,794 ISK 223.9K

$1,854 ISK 231.3K

-3.21%

1-bedroom Apartment, Outside City Center (Monthly)

$1,803 ISK 224.9K

$1,347 ISK 168.1K

33.83%

3-bedroom Apartment, City Center (Monthly)

$2,480 ISK 309.4K

3-bedroom Apartment, Outside City Center (Monthly)

$2,140 ISK 266.9K

$1,978 ISK 246.7K

8.20%

Buy Apartment in City Center (m2)

$6,404 ISK 798.8K

Buy Apartment Outside City Center (m2)

$6,379 ISK 795.8K

Average Monthly Net Salary (After Tax)

$3,802 ISK 474.4K

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: October 27, 2025

Last update for Keflavik: October 28, 2025

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