Cost of Living Comparison Between Akureyri and Kopavogur Cost of Living Comparison Between Akureyri and Kopavogur

🙂 Solo nomad: Akureyri is 40% cheaper than Kopavogur without rent, and 69.2% more expensive with rent.

🙂 Family of 3: Akureyri is 35.6% cheaper than Kopavogur without rent, and 18.2% more expensive with rent.

Meal at Budget Restaurant

$23.74 ISK 2,990

$27.01 ISK 3,402

-12.11%

Three-Course Dinner for Two, Mid-Range

$131 ISK 16.5K

$95.2 ISK 12.0K

37.30%

Fast Food Meal (McDonalds, etc)

$22.36 ISK 2,816

$22.81 ISK 2,873

-1.97%

Cappuccino

$4.82 ISK 607

$5.99 ISK 755

-19.53%

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

$3.44 ISK 434

$2.07 ISK 260

66.18%

Water (0.33 liter bottle)

$3.05 ISK 385

$2.61 ISK 329

16.86%

Local Beer (0.5 liter draught)

$11.05 ISK 1,391

$10.39 ISK 1,309

6.35%

Imported Beer (0.33 liter bottle)

$9.27 ISK 1,168

$11.12 ISK 1,401

-16.64%

Milk (1 liter)

$2.73 ISK 344

$1.71 ISK 215

59.65%

White Bread (500g)

$2.23 ISK 281

$4.30 ISK 542

-48.14%

Rice (white) (1kg)

$3.06 ISK 386

$3.74 ISK 471

-18.18%

Eggs

$8.24 ISK 1,038

$6.23 ISK 785

32.26%

Local Cheese (1kg)

$17.88 ISK 2,253

Chicken Fillets (1kg)

$24.39 ISK 3,072

$24.24 ISK 3,053

0.62%

Beef Round Steak (1kg)

$42.31 ISK 5,329

Apples (1kg)

$3.25 ISK 409

Banana (1kg)

$2.54 ISK 319

Oranges (1kg)

$2.97 ISK 375

Tomato (1kg)

$4.86 ISK 613

Potato (1kg)

$3.52 ISK 443

Onion (1kg)

$2.37 ISK 298

Lettuce (1 head)

$3.17 ISK 399

Water (1.5 liter bottle)

$1.99 ISK 251

Cigarettes 20 Pack (Marlboro, Camel)

$13.34 ISK 1,680

$13.54 ISK 1,706

-1.48%

Wine (Bottle)

$23.57 ISK 2,970

Local Beer (0.5 liter bottle)

$3.61 ISK 455

Imported Beer (0.33 liter bottle)

$3.38 ISK 425

One-way Ticket (Public Transport)

$4.35 ISK 547

Public Transport Monthly Pass (Regular Price)

$73.6 ISK 9,274

Taxi Start (Normal Tariff)

$5.71 ISK 719

Taxi (Normal Tariff) (1km)

$2.65 ISK 334

Taxi 1hour Waiting (Normal Tariff)

$87.0 ISK 11.0K

Gasoline (1 liter)

$2.45 ISK 309

$2.44 ISK 307

0.41%

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

$39.6K ISK 5.0M

$47.5K ISK 6.0M

-16.57%

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

$63.2K ISK 8.0M

$52.7K ISK 6.6M

19.88%

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

$120 ISK 15.1K

$89.4 ISK 11.3K

34.28%

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

$25.23 ISK 3,178

$26.93 ISK 3,392

-6.31%

Internet (50+ Mbps, Unlimited Data)

$162 ISK 20.3K

$86.0 ISK 10.8K

87.75%

Gym Membership (Monthly)

$82.8 ISK 10.4K

$69.4 ISK 8,747

19.18%

Cinema Ticket

$15.34 ISK 1,932

$16.39 ISK 2,065

-6.41%

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

$355 ISK 44.7K

$318 ISK 40.1K

11.40%

International Primary School, 1 Child (Yearly)

$30.5K ISK 3.8M

Jeans (Levis 501 Or Similar)

$81.7 ISK 10.3K

$140 ISK 17.7K

-41.81%

Summer Dress (H&M, Zara, etc)

$52.1 ISK 6,560

Sport Shoes (Adidas, Nike)

$122 ISK 15.4K

$160 ISK 20.2K

-23.74%

Men's Leather Business Shoes

$269 ISK 33.9K

1-bedroom Apartment, City Center (Monthly)

$1,740 ISK 219.1K

1-bedroom Apartment, Outside City Center (Monthly)

$1,753 ISK 220.8K

3-bedroom Apartment, Outside City Center (Monthly)

$2,121 ISK 267.1K

Buy Apartment in City Center (m2)

$6,473 ISK 815.3K

$5,943 ISK 748.6K

8.92%

Buy Apartment Outside City Center (m2)

$6,305 ISK 794.3K

$5,918 ISK 745.5K

6.53%

Average Monthly Net Salary (After Tax)

$5,169 ISK 651.2K

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 Kopavogur: January 13, 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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