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

🙂 Solo nomad: Akureyri is 45.1% cheaper than Keflavik without rent, and 1.1% more expensive with rent.

🙂 Family of 3: Akureyri is 12.9% cheaper than Keflavik without rent, and 17.1% cheaper with rent.

Meal at Budget Restaurant

$24.13 ISK 3,021

$24.51 ISK 3,069

-1.55%

Three-Course Dinner for Two, Mid-Range

$129 ISK 16.2K

$143 ISK 17.9K

-9.58%

Fast Food Meal (McDonalds, etc)

$22.37 ISK 2,800

$20.07 ISK 2,512

11.46%

Cappuccino

$5.00 ISK 626

$4.09 ISK 512

22.25%

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

$3.41 ISK 427

$3.22 ISK 404

5.90%

Water (0.33 liter bottle)

$3.07 ISK 385

$2.51 ISK 314

22.31%

Local Beer (0.5 liter draught)

$10.92 ISK 1,368

$7.94 ISK 994

37.53%

Imported Beer (0.33 liter bottle)

$9.01 ISK 1,128

$8.23 ISK 1,030

9.48%

Milk (1 liter)

$2.82 ISK 354

$1.94 ISK 243

45.36%

White Bread (500g)

$2.36 ISK 296

$4.22 ISK 529

-44.08%

Rice (white) (1kg)

$3.04 ISK 381

$2.38 ISK 298

27.73%

Eggs

$7.85 ISK 983

$6.09 ISK 762

28.90%

Local Cheese (1kg)

$17.86 ISK 2,236

Chicken Fillets (1kg)

$24.08 ISK 3,014

$23.72 ISK 2,970

1.52%

Beef Round Steak (1kg)

$41.78 ISK 5,231

Apples (1kg)

$2.46 ISK 309

Banana (1kg)

$2.34 ISK 293

Oranges (1kg)

$2.34 ISK 293

Tomato (1kg)

$3.90 ISK 488

Potato (1kg)

$3.19 ISK 399

Onion (1kg)

$2.05 ISK 257

Lettuce (1 head)

$3.07 ISK 385

Water (1.5 liter bottle)

$2.00 ISK 250

Cigarettes 20 Pack (Marlboro, Camel)

$13.34 ISK 1,670

$13.92 ISK 1,743

-4.17%

Wine (Bottle)

$15.93 ISK 1,995

Local Beer (0.5 liter bottle)

$3.74 ISK 469

Imported Beer (0.33 liter bottle)

$2.88 ISK 361

One-way Ticket (Public Transport)

$3.70 ISK 463

Public Transport Monthly Pass (Regular Price)

$76.0 ISK 9,512

Taxi Start (Normal Tariff)

$6.17 ISK 773

Taxi (Normal Tariff) (1km)

$2.28 ISK 286

Taxi 1hour Waiting (Normal Tariff)

$85.6 ISK 10.7K

Gasoline (1 liter)

$2.46 ISK 308

$2.43 ISK 304

1.23%

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

$40.6K ISK 5.1M

$47.7K ISK 6.0M

-15.04%

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

$64.8K ISK 8.1M

$52.7K ISK 6.6M

22.85%

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

$122 ISK 15.3K

$89.3 ISK 11.2K

37.07%

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

$25.50 ISK 3,192

$27.23 ISK 3,410

-6.35%

Internet (50+ Mbps, Unlimited Data)

$160 ISK 20.1K

$86.3 ISK 10.8K

85.72%

Gym Membership (Monthly)

$82.3 ISK 10.3K

Cinema Ticket

$15.26 ISK 1,911

$17.70 ISK 2,216

-13.79%

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

$358 ISK 44.8K

$324 ISK 40.6K

10.31%

International Primary School, 1 Child (Yearly)

$29.5K ISK 3.7M

Jeans (Levis 501 Or Similar)

$81.5 ISK 10.2K

$141 ISK 17.6K

-42.08%

Summer Dress (H&M, Zara, etc)

$62.0 ISK 7,764

Sport Shoes (Adidas, Nike)

$120 ISK 15.1K

$182 ISK 22.8K

-33.87%

Men's Leather Business Shoes

$191 ISK 23.9K

1-bedroom Apartment, City Center (Monthly)

$1,740 ISK 217.8K

$1,834 ISK 229.6K

-5.11%

1-bedroom Apartment, Outside City Center (Monthly)

$1,773 ISK 222.0K

$1,316 ISK 164.7K

34.76%

3-bedroom Apartment, City Center (Monthly)

$2,412 ISK 301.9K

3-bedroom Apartment, Outside City Center (Monthly)

$2,127 ISK 266.3K

$2,032 ISK 254.5K

4.67%

Buy Apartment in City Center (m2)

$6,302 ISK 789.0K

Buy Apartment Outside City Center (m2)

$6,447 ISK 807.1K

Average Monthly Net Salary (After Tax)

$3,752 ISK 469.7K

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: March 9, 2026

Last update for Keflavik: March 8, 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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