Last update: Oct 2026

Cost of Living Comparison Between Akureyri and Njardvik

For one person, living costs are similar in Akureyri and in Njardvik: $3,106 and $3,133 a month, rent and utilities included.

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Cost of Living Index in Njardvik
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Njardvik Living Index

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Akureyri

🇮🇸 Iceland

$3,106

/mo nomad

Njardvik

🇮🇸 Iceland

$3,133

/mo nomad

Monthly Cost of Living

How much you'll spend in Akureyri and in Njardvik

Real prices from locals and on-the-ground checks – rent, groceries, transit and the daily extras. Here's what a month in Akureyri and in Njardvik actually costs, broken down by who's living it.

A single person spends $3,106 per month in Akureyri vs $3,133 in Njardvik, rent included.

Akureyri $3,106
Njardvik $3,133

A couple spends around $4,170 per month in Akureyri vs $4,864 in Njardvik, rent included.

Akureyri $4,170
Njardvik $4,864

A family of three spends $5,234 per month in Akureyri vs $6,596 in Njardvik, rent included.

Akureyri $5,234
Njardvik $6,596

Akureyri and Njardvik have comparable living costs – the differences are in the details.

Both Akureyri and Njardvik sit above the global median – Akureyri by 130%, Njardvik by 132%.

Meal at Budget Restaurant

$24.19 ISK 2,939

$24.20 ISK 2,940

-0.04%

Three-Course Dinner for Two, Mid-Range

$131 ISK 15.9K

$98.4 ISK 12.0K

33.32%

Fast Food Meal (McDonalds, etc)

$22.90 ISK 2,782

$16.27 ISK 1,977

40.75%

Cappuccino

$4.90 ISK 596

$6.46 ISK 784

-24.15%

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

$3.50 ISK 426

$1.61 ISK 195

117.39%

Water (0.33 liter bottle)

$3.12 ISK 379

$2.41 ISK 292

29.46%

Local Beer (0.5 liter draught)

$11.08 ISK 1,347

$10.53 ISK 1,280

5.22%

Imported Beer (0.33 liter bottle)

$9.18 ISK 1,115

$12.43 ISK 1,510

-26.15%

Milk (1 liter)

$2.76 ISK 335

$2.12 ISK 258

30.19%

White Bread (500g)

$2.40 ISK 291

$4.24 ISK 515

-43.40%

Rice (white) (1kg)

$3.05 ISK 370

$3.64 ISK 443

-16.21%

Eggs

$7.90 ISK 960

$7.20 ISK 875

9.72%

Local Cheese (1kg)

$15.82 ISK 1,923

$21.85 ISK 2,655

-27.60%

Chicken Fillets (1kg)

$24.51 ISK 2,978

$24.79 ISK 3,012

-1.13%

Beef Round Steak (1kg)

$41.37 ISK 5,027

Apples (1kg)

$3.40 ISK 413

Banana (1kg)

$2.93 ISK 356

$2.85 ISK 347

2.81%

Oranges (1kg)

$3.50 ISK 426

$3.13 ISK 381

11.82%

Tomato (1kg)

$5.94 ISK 721

$6.54 ISK 795

-9.17%

Potato (1kg)

$3.95 ISK 480

Onion (1kg)

$1.68 ISK 205

Lettuce (1 head)

$3.75 ISK 456

Water (1.5 liter bottle)

$1.84 ISK 224

Cigarettes 20 Pack (Marlboro, Camel)

$13.66 ISK 1,659

$13.70 ISK 1,665

-0.29%

Wine (Bottle)

$23.83 ISK 2,896

Local Beer (0.5 liter bottle)

$3.61 ISK 439

Imported Beer (0.33 liter bottle)

$3.35 ISK 407

Taxi Start (Normal Tariff)

$6.57 ISK 799

Taxi (Normal Tariff) (1km)

$2.87 ISK 349

Taxi 1hour Waiting (Normal Tariff)

$81.0 ISK 9,846

Gasoline (1 liter)

$2.53 ISK 307

$2.05 ISK 249

23.41%

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

$41.2K ISK 5.0M

$67.8K ISK 8.2M

-39.19%

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

$65.9K ISK 8.0M

$56.3K ISK 6.8M

17.09%

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

$125 ISK 15.2K

$96.1 ISK 11.7K

30.37%

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

$25.95 ISK 3,153

$32.14 ISK 3,905

-19.26%

Internet (50+ Mbps, Unlimited Data)

$164 ISK 19.9K

$85.4 ISK 10.4K

92.16%

Gym Membership (Monthly)

$85.2 ISK 10.3K

$80.6 ISK 9,793

5.65%

Cinema Ticket

$15.66 ISK 1,903

$19.99 ISK 2,429

-21.66%

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

$372 ISK 45.2K

$1,198 ISK 145.5K

-68.93%

International Primary School, 1 Child (Yearly)

$26.0K ISK 3.2M

Jeans (Levis 501 Or Similar)

$82.2 ISK 9,987

$122 ISK 14.8K

-32.41%

Summer Dress (H&M, Zara, etc)

$66.7 ISK 8,106

Sport Shoes (Adidas, Nike)

$122 ISK 14.8K

$183 ISK 22.2K

-33.46%

Men's Leather Business Shoes

$247 ISK 30.0K

1-bedroom Apartment, City Center (Monthly)

$1,807 ISK 219.6K

1-bedroom Apartment, Outside City Center (Monthly)

$1,834 ISK 222.9K

$1,462 ISK 177.6K

25.48%

3-bedroom Apartment, Outside City Center (Monthly)

$2,171 ISK 263.8K

$2,674 ISK 324.9K

-18.82%

Buy Apartment in City Center (m2)

$6,673 ISK 810.8K

Buy Apartment Outside City Center (m2)

$6,448 ISK 783.4K

Average Monthly Net Salary (After Tax)

$4,080 ISK 495.7K

20-Year Fixed Mortgage Interest Rate (Annual %)

9.4

8.81

6.70%

CityCost data is based on AI and user input – minor inaccuracies may occur.

Last update for Akureyri: October 31, 2026

Last update for Njardvik: November 1, 2026

Monthly budget structure

Share of the monthly basket for one person, rent included.

Accommodation & Living

Akureyri

–

Njardvik

$1.5K 46.7%

Groceries & Markets

Akureyri

–

Njardvik

$625 19.9%

Eating Out

Akureyri

–

Njardvik

$413 13.2%

Clothing & Footwear

Akureyri

–

Njardvik

$278 8.9%

Monthly Utilities & Internet

Akureyri

–

Njardvik

$214 6.8%

Sport & Entertainment

Akureyri

–

Njardvik

$121 3.9%

Getting Around

Akureyri

–

Njardvik

$21 * 0.7%

Categories marked with * are only partly priced – their share counts the items that do have prices.

Cost Breakdown

A mid-range dinner for two costs $131 in Akureyri versus $98 in Njardvik. Groceries tell a different story – $327 in Akureyri vs $625 in Njardvik – so Akureyri wins on supermarket bills even if dining out costs more.

Good to know

🇮🇸 Akureyri

🇮🇸 Njardvik

🕒 Local time

23:55 11:55 PM

Same time as Akureyri

🌤 Weather

👥 Population

19,219

6,000

💱 Currency

Icelandic Króna ISK kr

📈 Exchange rate

1,000 ISK = 8.23 USD

1,000 ISK = 7.31 EUR

1,000 ISK = 8.23 USD

1,000 ISK = 7.31 EUR

Exchange rates and currency converter

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Akureyri Njardvik 280 km

From you

Akureyri
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Distances are measured in a straight line. Your location is detected approximately.

City Median Internet Speeds Comparison (Updated April 2026)

The chart highlights the Precision Threshold for mobile and fixed broadband internet speeds, updated quarterly.

Digital Nomad Cost of Living Index

Akureyri vs Njardvik: Cost of Living - Frequently Asked Questions

For a comfortable life, plan on about $4,658 per month in Akureyri and $4,700 in Njardvik. That covers rent, food, utilities, transport, and enough left over to feel settled – not just surviving.

A mid-range dinner for two costs $131 in Akureyri and $98 in Njardvik. That’s a good indicator of the overall restaurant and café pricing gap between the two cities.

Kindergarten costs $372 per month in Akureyri and $1,198 in Njardvik. For families with young kids, this one expense can tip the scales when choosing between the two cities.

$2,500 is a stretch for both – monthly costs hit $3,106 in Akureyri and $3,133 in Njardvik. You’ll need shared housing and careful budgeting no matter which city you pick.

It depends on your priorities. Akureyri has an edge in some lifestyle areas, with costs from $3,106 in Akureyri to $3,133 in Njardvik. Climate, culture, job market, and personal taste all factor in.

Both cities have a reputation for safety. In either place, the choice of neighborhood matters more than the choice between the two cities.