Cost of Living Comparison Between Akureyri and Reykjavik Cost of Living Comparison Between Akureyri and Reykjavik

🙂 Solo nomad: Akureyri is 37.2% cheaper than Reykjavik without rent, and 24.7% cheaper with rent.

🙂 Family of 3: Akureyri is 45.7% cheaper than Reykjavik without rent, and 32.9% cheaper with rent.

Meal at Budget Restaurant

$23.74 ISK 2,990

$26.70 ISK 3,364

-11.09%

Three-Course Dinner for Two, Mid-Range

$131 ISK 16.5K

$145 ISK 18.2K

-9.70%

Fast Food Meal (McDonalds, etc)

$22.36 ISK 2,816

$22.39 ISK 2,820

-0.13%

Cappuccino

$4.82 ISK 607

$6.06 ISK 764

-20.46%

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

$3.44 ISK 434

$3.28 ISK 414

4.88%

Water (0.33 liter bottle)

$3.05 ISK 385

$2.62 ISK 330

16.41%

Local Beer (0.5 liter draught)

$11.05 ISK 1,391

$13.02 ISK 1,640

-15.13%

Imported Beer (0.33 liter bottle)

$9.27 ISK 1,168

$11.28 ISK 1,421

-17.82%

Milk (1 liter)

$2.73 ISK 344

$1.87 ISK 235

45.99%

White Bread (500g)

$2.23 ISK 281

$4.32 ISK 544

-48.38%

Rice (white) (1kg)

$3.06 ISK 386

$3.71 ISK 468

-17.52%

Eggs

$8.24 ISK 1,038

$6.52 ISK 821

26.38%

Local Cheese (1kg)

$18.16 ISK 2,288

Chicken Fillets (1kg)

$24.39 ISK 3,072

$23.83 ISK 3,002

2.35%

Beef Round Steak (1kg)

$42.83 ISK 5,395

Apples (1kg)

$3.37 ISK 424

Banana (1kg)

$2.50 ISK 315

Oranges (1kg)

$3.03 ISK 382

Tomato (1kg)

$4.98 ISK 627

Potato (1kg)

$3.66 ISK 461

Onion (1kg)

$2.40 ISK 302

Lettuce (1 head)

$3.06 ISK 386

Water (1.5 liter bottle)

$2.01 ISK 253

Cigarettes 20 Pack (Marlboro, Camel)

$13.34 ISK 1,680

$13.82 ISK 1,741

-3.47%

Wine (Bottle)

$23.58 ISK 2,971

Local Beer (0.5 liter bottle)

$3.55 ISK 447

Imported Beer (0.33 liter bottle)

$3.24 ISK 408

One-way Ticket (Public Transport)

$5.19 ISK 654

Public Transport Monthly Pass (Regular Price)

$87.7 ISK 11.0K

Taxi Start (Normal Tariff)

$6.18 ISK 778

Taxi (Normal Tariff) (1km)

$2.64 ISK 333

Taxi 1hour Waiting (Normal Tariff)

$87.3 ISK 11.0K

Gasoline (1 liter)

$2.45 ISK 309

$2.56 ISK 322

-4.30%

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

$39.6K ISK 5.0M

$48.0K ISK 6.0M

-17.39%

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

$63.2K ISK 8.0M

$52.5K ISK 6.6M

20.48%

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

$120 ISK 15.1K

$88.6 ISK 11.2K

35.40%

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

$25.23 ISK 3,178

$27.96 ISK 3,522

-9.76%

Internet (50+ Mbps, Unlimited Data)

$162 ISK 20.3K

$84.7 ISK 10.7K

90.79%

Gym Membership (Monthly)

$82.8 ISK 10.4K

$81.7 ISK 10.3K

1.33%

Tennis Court (1 Hour on Weekend)

$38.00 ISK 4,786

Cinema Ticket

$15.34 ISK 1,932

$17.53 ISK 2,208

-12.49%

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

$355 ISK 44.7K

$316 ISK 39.7K

12.43%

International Primary School, 1 Child (Yearly)

$30.1K ISK 3.8M

Jeans (Levis 501 Or Similar)

$81.7 ISK 10.3K

$140 ISK 17.6K

-41.46%

Summer Dress (H&M, Zara, etc)

$62.4 ISK 7,863

Sport Shoes (Adidas, Nike)

$122 ISK 15.4K

$182 ISK 22.9K

-32.77%

Men's Leather Business Shoes

$264 ISK 33.2K

1-bedroom Apartment, City Center (Monthly)

$1,740 ISK 219.1K

$2,225 ISK 280.3K

-21.82%

1-bedroom Apartment, Outside City Center (Monthly)

$1,753 ISK 220.8K

$2,047 ISK 257.9K

-14.39%

3-bedroom Apartment, City Center (Monthly)

$3,154 ISK 397.3K

3-bedroom Apartment, Outside City Center (Monthly)

$2,121 ISK 267.1K

$2,691 ISK 339.0K

-21.19%

Buy Apartment in City Center (m2)

$6,473 ISK 815.3K

$7,541 ISK 949.9K

-14.17%

Buy Apartment Outside City Center (m2)

$6,305 ISK 794.3K

$6,257 ISK 788.1K

0.78%

Average Monthly Net Salary (After Tax)

$4,489 ISK 565.5K

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: January 12, 2026

Last update for Reykjavik: 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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