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

🙂 Solo nomad: Akureyri is 42.8% cheaper than Reykjavik without rent, and 23.5% cheaper with rent.

🙂 Family of 3: Akureyri is 39.1% cheaper than Reykjavik without rent, and 32.5% cheaper with rent.

Meal at Budget Restaurant

$24.36 ISK 3,021

$27.22 ISK 3,375

-10.51%

Three-Course Dinner for Two, Mid-Range

$129 ISK 15.9K

$145 ISK 17.9K

-11.16%

Fast Food Meal (McDonalds, etc)

$22.26 ISK 2,760

$22.41 ISK 2,778

-0.67%

Cappuccino

$4.94 ISK 613

$5.94 ISK 737

-16.84%

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

$3.40 ISK 422

$3.26 ISK 404

4.29%

Water (0.33 liter bottle)

$2.94 ISK 365

$2.54 ISK 315

15.75%

Local Beer (0.5 liter draught)

$10.83 ISK 1,343

$12.83 ISK 1,591

-15.59%

Imported Beer (0.33 liter bottle)

$9.15 ISK 1,134

$11.46 ISK 1,421

-20.16%

Milk (1 liter)

$2.75 ISK 340

$1.88 ISK 234

46.28%

White Bread (500g)

$2.26 ISK 280

$4.33 ISK 537

-47.81%

Rice (white) (1kg)

$2.97 ISK 368

$3.57 ISK 443

-16.81%

Eggs

$8.20 ISK 1,017

$6.56 ISK 813

25.00%

Local Cheese (1kg)

$18.18 ISK 2,254

Chicken Fillets (1kg)

$23.90 ISK 2,964

$24.52 ISK 3,040

-2.53%

Beef Round Steak (1kg)

$42.03 ISK 5,212

Apples (1kg)

$3.20 ISK 397

Banana (1kg)

$2.42 ISK 300

Oranges (1kg)

$3.06 ISK 380

Tomato (1kg)

$4.86 ISK 603

Potato (1kg)

$3.66 ISK 454

Onion (1kg)

$2.34 ISK 290

Lettuce (1 head)

$3.14 ISK 389

Water (1.5 liter bottle)

$2.02 ISK 251

Cigarettes 20 Pack (Marlboro, Camel)

$13.29 ISK 1,647

$13.91 ISK 1,725

-4.46%

Wine (Bottle)

$23.74 ISK 2,944

Local Beer (0.5 liter bottle)

$3.69 ISK 458

Imported Beer (0.33 liter bottle)

$3.23 ISK 400

One-way Ticket (Public Transport)

$5.29 ISK 656

Public Transport Monthly Pass (Regular Price)

$88.2 ISK 10.9K

Taxi Start (Normal Tariff)

$6.54 ISK 811

Taxi (Normal Tariff) (1km)

$2.60 ISK 323

Taxi 1hour Waiting (Normal Tariff)

$85.8 ISK 10.6K

Gasoline (1 liter)

$2.58 ISK 320

$2.51 ISK 312

2.79%

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

$39.8K ISK 4.9M

$47.1K ISK 5.8M

-15.53%

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

$64.6K ISK 8.0M

$52.6K ISK 6.5M

23.00%

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

$120 ISK 14.9K

$89.2 ISK 11.1K

34.72%

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

$25.46 ISK 3,157

$27.07 ISK 3,356

-5.95%

Internet (50+ Mbps, Unlimited Data)

$160 ISK 19.8K

$84.2 ISK 10.4K

90.16%

Gym Membership (Monthly)

$82.2 ISK 10.2K

$84.0 ISK 10.4K

-2.06%

Tennis Court (1 Hour on Weekend)

$38.09 ISK 4,722

Cinema Ticket

$14.83 ISK 1,839

$17.42 ISK 2,160

-14.87%

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

$355 ISK 44.0K

$324 ISK 40.1K

9.53%

International Primary School, 1 Child (Yearly)

$30.5K ISK 3.8M

Jeans (Levis 501 Or Similar)

$80.5 ISK 9,985

$141 ISK 17.5K

-43.08%

Summer Dress (H&M, Zara, etc)

$62.6 ISK 7,765

Sport Shoes (Adidas, Nike)

$120 ISK 14.9K

$183 ISK 22.7K

-34.51%

Men's Leather Business Shoes

$268 ISK 33.2K

1-bedroom Apartment, City Center (Monthly)

$1,742 ISK 215.9K

$2,197 ISK 272.4K

-20.72%

1-bedroom Apartment, Outside City Center (Monthly)

$1,788 ISK 221.7K

$2,053 ISK 254.6K

-12.91%

3-bedroom Apartment, City Center (Monthly)

$3,159 ISK 391.6K

3-bedroom Apartment, Outside City Center (Monthly)

$2,094 ISK 259.6K

$2,728 ISK 338.3K

-23.25%

Buy Apartment in City Center (m2)

$6,470 ISK 802.2K

$7,833 ISK 971.2K

-17.40%

Buy Apartment Outside City Center (m2)

$6,520 ISK 808.5K

$6,268 ISK 777.2K

4.02%

Average Monthly Net Salary (After Tax)

$4,471 ISK 554.4K

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 Reykjavik: March 3, 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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