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

🙂 Solo nomad: Akureyri is 31.4% cheaper than Keflavik without rent, and 1.7% more expensive with rent.

🙂 Family of 3: Akureyri is 43.3% cheaper than Keflavik without rent, and 17.3% cheaper with rent.

Meal at Budget Restaurant

$23.74 ISK 2,990

$23.80 ISK 2,998

-0.25%

Three-Course Dinner for Two, Mid-Range

$131 ISK 16.5K

$143 ISK 18.0K

-8.79%

Fast Food Meal (McDonalds, etc)

$22.36 ISK 2,816

$20.37 ISK 2,565

9.77%

Cappuccino

$4.82 ISK 607

$4.11 ISK 518

17.27%

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

$3.44 ISK 434

$3.26 ISK 411

5.52%

Water (0.33 liter bottle)

$3.05 ISK 385

$2.55 ISK 321

19.61%

Local Beer (0.5 liter draught)

$11.05 ISK 1,391

$7.82 ISK 986

41.30%

Imported Beer (0.33 liter bottle)

$9.27 ISK 1,168

$8.01 ISK 1,010

15.73%

Milk (1 liter)

$2.73 ISK 344

$1.97 ISK 248

38.58%

White Bread (500g)

$2.23 ISK 281

$4.35 ISK 548

-48.74%

Rice (white) (1kg)

$3.06 ISK 386

$2.39 ISK 301

28.03%

Eggs

$8.24 ISK 1,038

$6.34 ISK 799

29.97%

Local Cheese (1kg)

$17.88 ISK 2,253

Chicken Fillets (1kg)

$24.39 ISK 3,072

$24.13 ISK 3,040

1.08%

Beef Round Steak (1kg)

$41.80 ISK 5,266

Apples (1kg)

$2.46 ISK 310

Banana (1kg)

$2.39 ISK 301

Oranges (1kg)

$2.48 ISK 312

Tomato (1kg)

$3.94 ISK 497

Potato (1kg)

$3.07 ISK 386

Onion (1kg)

$2.12 ISK 267

Lettuce (1 head)

$3.19 ISK 401

Water (1.5 liter bottle)

$1.95 ISK 245

Cigarettes 20 Pack (Marlboro, Camel)

$13.34 ISK 1,680

$13.57 ISK 1,709

-1.69%

Wine (Bottle)

$15.59 ISK 1,964

Local Beer (0.5 liter bottle)

$3.55 ISK 448

Imported Beer (0.33 liter bottle)

$2.85 ISK 359

One-way Ticket (Public Transport)

$3.52 ISK 443

Public Transport Monthly Pass (Regular Price)

$75.1 ISK 9,462

Taxi Start (Normal Tariff)

$6.28 ISK 791

Taxi (Normal Tariff) (1km)

$2.29 ISK 288

Taxi 1hour Waiting (Normal Tariff)

$86.9 ISK 10.9K

Gasoline (1 liter)

$2.45 ISK 309

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

$39.6K ISK 5.0M

$46.8K ISK 5.9M

-15.28%

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

$63.2K ISK 8.0M

$52.5K ISK 6.6M

20.32%

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

$120 ISK 15.1K

$87.4 ISK 11.0K

37.40%

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

$25.23 ISK 3,178

$27.11 ISK 3,415

-6.93%

Internet (50+ Mbps, Unlimited Data)

$162 ISK 20.3K

$86.0 ISK 10.8K

87.95%

Gym Membership (Monthly)

$82.8 ISK 10.4K

Cinema Ticket

$15.34 ISK 1,932

$17.32 ISK 2,181

-11.43%

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

$355 ISK 44.7K

$326 ISK 41.1K

8.82%

International Primary School, 1 Child (Yearly)

$30.4K ISK 3.8M

Jeans (Levis 501 Or Similar)

$81.7 ISK 10.3K

$141 ISK 17.8K

-42.19%

Summer Dress (H&M, Zara, etc)

$62.6 ISK 7,882

Sport Shoes (Adidas, Nike)

$122 ISK 15.4K

$185 ISK 23.3K

-33.77%

Men's Leather Business Shoes

$188 ISK 23.7K

1-bedroom Apartment, City Center (Monthly)

$1,740 ISK 219.1K

$1,870 ISK 235.6K

-6.97%

1-bedroom Apartment, Outside City Center (Monthly)

$1,753 ISK 220.8K

$1,302 ISK 164.1K

34.58%

3-bedroom Apartment, City Center (Monthly)

$2,438 ISK 307.1K

3-bedroom Apartment, Outside City Center (Monthly)

$2,121 ISK 267.1K

$2,042 ISK 257.2K

3.84%

Buy Apartment in City Center (m2)

$6,473 ISK 815.3K

Buy Apartment Outside City Center (m2)

$6,305 ISK 794.3K

Average Monthly Net Salary (After Tax)

$3,649 ISK 459.7K

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 Keflavik: 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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