Cost of Living Comparison Between Akureyri and Njardvik Cost of Living Comparison Between Akureyri and Njardvik

🙂 Solo nomad: Akureyri is 30% cheaper than Njardvik without rent, and 5.6% cheaper with rent.

🙂 Family of 3: Akureyri is 25.7% cheaper than Njardvik without rent, and 26.5% cheaper with rent.

Meal at Budget Restaurant

$24.36 ISK 3,049

$24.05 ISK 3,010

1.29%

Three-Course Dinner for Two, Mid-Range

$129 ISK 16.1K

$98.2 ISK 12.3K

30.95%

Fast Food Meal (McDonalds, etc)

$22.26 ISK 2,786

$16.26 ISK 2,035

36.90%

Cappuccino

$4.94 ISK 618

$6.15 ISK 770

-19.67%

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

$3.40 ISK 426

$1.58 ISK 198

115.19%

Water (0.33 liter bottle)

$2.94 ISK 368

$2.34 ISK 293

25.64%

Local Beer (0.5 liter draught)

$10.83 ISK 1,355

$10.47 ISK 1,311

3.44%

Imported Beer (0.33 liter bottle)

$9.15 ISK 1,145

$11.22 ISK 1,404

-18.45%

Milk (1 liter)

$2.75 ISK 344

$1.89 ISK 237

45.50%

White Bread (500g)

$2.26 ISK 282

$4.20 ISK 526

-46.19%

Rice (white) (1kg)

$2.97 ISK 372

$3.68 ISK 461

-19.29%

Eggs

$8.20 ISK 1,026

$6.47 ISK 810

26.74%

Local Cheese (1kg)

$18.33 ISK 2,294

Chicken Fillets (1kg)

$23.90 ISK 2,991

$23.76 ISK 2,973

0.59%

Beef Round Steak (1kg)

$41.57 ISK 5,202

Apples (1kg)

$3.29 ISK 412

Banana (1kg)

$2.52 ISK 315

Oranges (1kg)

$2.98 ISK 372

Tomato (1kg)

$5.02 ISK 628

Potato (1kg)

$3.69 ISK 462

Onion (1kg)

$2.40 ISK 301

Lettuce (1 head)

$3.14 ISK 394

Water (1.5 liter bottle)

$2.00 ISK 250

Cigarettes 20 Pack (Marlboro, Camel)

$13.29 ISK 1,663

$13.48 ISK 1,687

-1.41%

Wine (Bottle)

$23.93 ISK 2,994

Local Beer (0.5 liter bottle)

$3.62 ISK 453

Imported Beer (0.33 liter bottle)

$3.32 ISK 416

Taxi Start (Normal Tariff)

$6.31 ISK 790

Taxi (Normal Tariff) (1km)

$2.65 ISK 332

Taxi 1hour Waiting (Normal Tariff)

$84.5 ISK 10.6K

Gasoline (1 liter)

$2.58 ISK 323

$2.43 ISK 305

6.17%

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

$39.8K ISK 5.0M

$48.2K ISK 6.0M

-17.37%

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

$64.6K ISK 8.1M

$51.5K ISK 6.4M

25.49%

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

$120 ISK 15.0K

$87.0 ISK 10.9K

38.02%

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

$25.46 ISK 3,186

$27.82 ISK 3,482

-8.48%

Internet (50+ Mbps, Unlimited Data)

$160 ISK 20.0K

$85.8 ISK 10.7K

86.64%

Gym Membership (Monthly)

$82.2 ISK 10.3K

$81.2 ISK 10.2K

1.26%

Cinema Ticket

$14.83 ISK 1,856

$17.64 ISK 2,207

-15.93%

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

$355 ISK 44.4K

$326 ISK 40.8K

8.75%

International Primary School, 1 Child (Yearly)

$30.3K ISK 3.8M

Jeans (Levis 501 Or Similar)

$80.5 ISK 10.1K

$119 ISK 14.8K

-32.08%

Summer Dress (H&M, Zara, etc)

$60.5 ISK 7,576

Sport Shoes (Adidas, Nike)

$120 ISK 15.0K

$186 ISK 23.3K

-35.46%

Men's Leather Business Shoes

$271 ISK 33.9K

1-bedroom Apartment, City Center (Monthly)

$1,742 ISK 217.9K

1-bedroom Apartment, Outside City Center (Monthly)

$1,788 ISK 223.8K

$1,425 ISK 178.3K

25.52%

3-bedroom Apartment, Outside City Center (Monthly)

$2,094 ISK 262.0K

$2,665 ISK 333.5K

-21.44%

Buy Apartment in City Center (m2)

$6,470 ISK 809.7K

Buy Apartment Outside City Center (m2)

$6,520 ISK 816.0K

Average Monthly Net Salary (After Tax)

$4,037 ISK 505.2K

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: March 3, 2026

Last update for Njardvik: February 28, 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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