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

🙂 Solo nomad: Akureyri is 25.1% cheaper than Njardvik without rent, and 5.2% cheaper with rent.

🙂 Family of 3: Akureyri is 41.5% cheaper than Njardvik without rent, and 24% cheaper with rent.

Meal at Budget Restaurant

$23.74 ISK 2,990

$24.36 ISK 3,068

-2.55%

Three-Course Dinner for Two, Mid-Range

$131 ISK 16.5K

$98.1 ISK 12.4K

33.14%

Fast Food Meal (McDonalds, etc)

$22.36 ISK 2,816

$16.36 ISK 2,061

36.67%

Cappuccino

$4.82 ISK 607

$6.27 ISK 789

-23.13%

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

$3.44 ISK 434

$1.66 ISK 209

107.23%

Water (0.33 liter bottle)

$3.05 ISK 385

$2.44 ISK 308

25.00%

Local Beer (0.5 liter draught)

$11.05 ISK 1,391

$10.57 ISK 1,332

4.54%

Imported Beer (0.33 liter bottle)

$9.27 ISK 1,168

$11.47 ISK 1,445

-19.18%

Milk (1 liter)

$2.73 ISK 344

$1.95 ISK 245

40.00%

White Bread (500g)

$2.23 ISK 281

$4.19 ISK 527

-46.78%

Rice (white) (1kg)

$3.06 ISK 386

$3.71 ISK 468

-17.52%

Eggs

$8.24 ISK 1,038

$6.28 ISK 791

31.21%

Local Cheese (1kg)

$17.87 ISK 2,251

Chicken Fillets (1kg)

$24.39 ISK 3,072

$24.11 ISK 3,036

1.16%

Beef Round Steak (1kg)

$42.03 ISK 5,294

Apples (1kg)

$3.34 ISK 420

Banana (1kg)

$2.52 ISK 317

Oranges (1kg)

$3.13 ISK 394

Tomato (1kg)

$5.03 ISK 634

Potato (1kg)

$3.56 ISK 448

Onion (1kg)

$2.35 ISK 296

Lettuce (1 head)

$3.20 ISK 403

Water (1.5 liter bottle)

$1.95 ISK 246

Cigarettes 20 Pack (Marlboro, Camel)

$13.34 ISK 1,680

$13.44 ISK 1,692

-0.74%

Wine (Bottle)

$23.76 ISK 2,993

Local Beer (0.5 liter bottle)

$3.55 ISK 447

Imported Beer (0.33 liter bottle)

$3.36 ISK 424

Taxi Start (Normal Tariff)

$6.47 ISK 815

Taxi (Normal Tariff) (1km)

$2.52 ISK 318

Taxi 1hour Waiting (Normal Tariff)

$84.4 ISK 10.6K

Gasoline (1 liter)

$2.45 ISK 308

$2.54 ISK 320

-3.54%

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

$39.6K ISK 5.0M

$48.1K ISK 6.1M

-17.63%

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

$63.2K ISK 8.0M

$53.1K ISK 6.7M

19.14%

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

$120 ISK 15.1K

$88.8 ISK 11.2K

35.20%

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

$25.23 ISK 3,177

$27.78 ISK 3,499

-9.18%

Internet (50+ Mbps, Unlimited Data)

$162 ISK 20.3K

$83.8 ISK 10.6K

92.84%

Gym Membership (Monthly)

$82.8 ISK 10.4K

$79.4 ISK 10.0K

4.19%

Cinema Ticket

$15.34 ISK 1,932

$17.68 ISK 2,227

-13.24%

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

$355 ISK 44.7K

$322 ISK 40.5K

10.21%

International Primary School, 1 Child (Yearly)

$29.7K ISK 3.7M

Jeans (Levis 501 Or Similar)

$81.7 ISK 10.3K

$120 ISK 15.1K

-31.96%

Summer Dress (H&M, Zara, etc)

$62.3 ISK 7,841

Sport Shoes (Adidas, Nike)

$122 ISK 15.4K

$183 ISK 23.1K

-33.19%

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

$1,470 ISK 185.2K

19.23%

3-bedroom Apartment, Outside City Center (Monthly)

$2,121 ISK 267.1K

$2,611 ISK 328.9K

-18.79%

Buy Apartment in City Center (m2)

$6,473 ISK 815.3K

Buy Apartment Outside City Center (m2)

$6,305 ISK 794.2K

Average Monthly Net Salary (After Tax)

$3,882 ISK 488.9K

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 Njardvik: January 10, 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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