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

🙂 Solo nomad: Akureyri is 38.5% cheaper than Kopavogur without rent, and 66.5% more expensive with rent.

🙂 Family of 3: Akureyri is 29.9% cheaper than Kopavogur without rent, and 17.6% more expensive with rent.

Meal at Budget Restaurant

$24.36 ISK 3,049

$27.11 ISK 3,393

-10.14%

Three-Course Dinner for Two, Mid-Range

$129 ISK 16.1K

$96.0 ISK 12.0K

33.95%

Fast Food Meal (McDonalds, etc)

$22.26 ISK 2,786

$22.84 ISK 2,858

-2.54%

Cappuccino

$4.94 ISK 618

$5.95 ISK 744

-16.97%

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

$3.40 ISK 426

$2.02 ISK 253

68.32%

Water (0.33 liter bottle)

$2.94 ISK 368

$2.61 ISK 327

12.64%

Local Beer (0.5 liter draught)

$10.83 ISK 1,355

$10.43 ISK 1,306

3.84%

Imported Beer (0.33 liter bottle)

$9.15 ISK 1,145

$11.05 ISK 1,383

-17.19%

Milk (1 liter)

$2.75 ISK 344

$1.67 ISK 209

64.67%

White Bread (500g)

$2.26 ISK 282

$4.19 ISK 525

-46.06%

Rice (white) (1kg)

$2.97 ISK 372

$3.71 ISK 465

-19.95%

Eggs

$8.20 ISK 1,026

$6.46 ISK 808

26.93%

Local Cheese (1kg)

$18.42 ISK 2,305

Chicken Fillets (1kg)

$23.90 ISK 2,991

$23.60 ISK 2,954

1.27%

Beef Round Steak (1kg)

$42.97 ISK 5,377

Apples (1kg)

$3.19 ISK 399

Banana (1kg)

$2.52 ISK 315

Oranges (1kg)

$3.08 ISK 385

Tomato (1kg)

$5.08 ISK 635

Potato (1kg)

$3.58 ISK 448

Onion (1kg)

$2.32 ISK 290

Lettuce (1 head)

$3.20 ISK 400

Water (1.5 liter bottle)

$1.95 ISK 244

Cigarettes 20 Pack (Marlboro, Camel)

$13.29 ISK 1,663

$13.55 ISK 1,696

-1.92%

Wine (Bottle)

$23.59 ISK 2,952

Local Beer (0.5 liter bottle)

$3.70 ISK 463

Imported Beer (0.33 liter bottle)

$3.21 ISK 402

One-way Ticket (Public Transport)

$4.48 ISK 560

Public Transport Monthly Pass (Regular Price)

$72.9 ISK 9,120

Taxi Start (Normal Tariff)

$5.80 ISK 726

Taxi (Normal Tariff) (1km)

$2.54 ISK 318

Taxi 1hour Waiting (Normal Tariff)

$87.8 ISK 11.0K

Gasoline (1 liter)

$2.58 ISK 323

$2.45 ISK 307

5.31%

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

$39.8K ISK 5.0M

$46.5K ISK 5.8M

-14.32%

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

$64.6K ISK 8.1M

$53.0K ISK 6.6M

22.04%

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

$120 ISK 15.0K

$89.3 ISK 11.2K

34.51%

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

$25.46 ISK 3,186

$27.91 ISK 3,493

-8.78%

Internet (50+ Mbps, Unlimited Data)

$160 ISK 20.0K

$86.6 ISK 10.8K

84.83%

Gym Membership (Monthly)

$82.2 ISK 10.3K

$69.0 ISK 8,632

19.21%

Cinema Ticket

$14.83 ISK 1,856

$16.79 ISK 2,101

-11.67%

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

$355 ISK 44.4K

$317 ISK 39.7K

11.77%

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

-42.09%

Summer Dress (H&M, Zara, etc)

$52.9 ISK 6,619

Sport Shoes (Adidas, Nike)

$120 ISK 15.0K

$161 ISK 20.2K

-25.52%

Men's Leather Business Shoes

$267 ISK 33.5K

1-bedroom Apartment, City Center (Monthly)

$1,742 ISK 217.9K

1-bedroom Apartment, Outside City Center (Monthly)

$1,788 ISK 223.8K

3-bedroom Apartment, Outside City Center (Monthly)

$2,094 ISK 262.0K

Buy Apartment in City Center (m2)

$6,470 ISK 809.7K

$6,096 ISK 762.9K

6.13%

Buy Apartment Outside City Center (m2)

$6,520 ISK 816.0K

$5,945 ISK 744.0K

9.67%

Average Monthly Net Salary (After Tax)

$5,310 ISK 664.5K

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 Kopavogur: 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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