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

🙂 Solo nomad: Akureyri is 46.6% cheaper than Reykjavik without rent, and 24.3% cheaper with rent.

🙂 Family of 3: Akureyri is 46.3% cheaper than Reykjavik without rent, and 33.8% cheaper with rent.

Meal at Budget Restaurant

$24.23 ISK 3,023

$26.9 ISK 3,355

-9.93%

Three-Course Dinner for Two, Mid-Range

$126 ISK 15.8K

$146 ISK 18.3K

-13.58%

Fast Food Meal (McDonalds, etc)

$22 ISK 2,744

$22.18 ISK 2,767

-0.81%

Cappuccino

$4.73 ISK 591

$6.08 ISK 758

-22.20%

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

$3.43 ISK 428

$3.4 ISK 424

0.88%

Water (0.33 liter bottle)

$3.04 ISK 380

$2.5 ISK 312

21.60%

Local Beer (0.5 liter draught)

$10.74 ISK 1,339

$12.96 ISK 1,617

-17.13%

Imported Beer (0.33 liter bottle)

$9.04 ISK 1,127

$11.05 ISK 1,379

-18.19%

Milk (1 liter)

$2.84 ISK 354

$1.88 ISK 234

51.06%

White Bread (500g)

$2.32 ISK 289

$4.26 ISK 531

-45.54%

Rice (white) (1kg)

$3.03 ISK 377

$3.67 ISK 458

-17.44%

Eggs

$8.18 ISK 1,021

$6.51 ISK 813

25.65%

Local Cheese (1kg)

$17.83 ISK 2,224

Chicken Fillets (1kg)

$24.06 ISK 3,001

$24.1 ISK 3,006

-0.17%

Beef Round Steak (1kg)

$43.22 ISK 5,391

Apples (1kg)

$3.19 ISK 397

Banana (1kg)

$2.54 ISK 317

Oranges (1kg)

$3.09 ISK 386

Tomato (1kg)

$5.03 ISK 628

Potato (1kg)

$3.59 ISK 447

Onion (1kg)

$2.4 ISK 300

Lettuce (1 head)

$3.08 ISK 384

Water (1.5 liter bottle)

$2.01 ISK 250

Cigarettes 20 Pack (Marlboro, Camel)

$13.68 ISK 1,706

$13.9 ISK 1,734

-1.58%

Wine (Bottle)

$23.87 ISK 2,978

Local Beer (0.5 liter bottle)

$3.62 ISK 452

Imported Beer (0.33 liter bottle)

$3.32 ISK 414

One-way Ticket (Public Transport)

$5.27 ISK 658

Public Transport Monthly Pass (Regular Price)

$86.4 ISK 10.8K

Taxi Start (Normal Tariff)

$6.26 ISK 781

Taxi (Normal Tariff) (1km)

$2.53 ISK 316

Taxi 1hour Waiting (Normal Tariff)

$85.2 ISK 10.6K

Gasoline (1 liter)

$2.51 ISK 313

$2.57 ISK 321

-2.33%

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

$40.6K ISK 5.1M

$47.8K ISK 6M

-15.13%

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

$64.7K ISK 8.1M

$52.4K ISK 6.5M

23.51%

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

$123 ISK 15.3K

$86.5 ISK 10.8K

41.67%

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

$24.89 ISK 3,106

$26.91 ISK 3,357

-7.51%

Internet (50+ Mbps, Unlimited Data)

$162 ISK 20.2K

$84.9 ISK 10.6K

90.76%

Gym Membership (Monthly)

$82.7 ISK 10.3K

-0.02%

Tennis Court (1 Hour on Weekend)

$38.2 ISK 4,765

Cinema Ticket

$15.29 ISK 1,907

$17.83 ISK 2,225

-14.25%

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

$360 ISK 44.9K

$318 ISK 39.7K

12.94%

International Primary School, 1 Child (Yearly)

$29.9K ISK 3.7M

Jeans (Levis 501 Or Similar)

$80.8 ISK 10.1K

$141 ISK 17.6K

-42.68%

Summer Dress (H&M, Zara, etc)

$62.4 ISK 7,785

Sport Shoes (Adidas, Nike)

$119 ISK 14.8K

$183 ISK 22.9K

-35.27%

Men's Leather Business Shoes

$267 ISK 33.3K

1-bedroom Apartment, City Center (Monthly)

$1,794 ISK 223.9K

$2,179 ISK 271.8K

-17.64%

1-bedroom Apartment, Outside City Center (Monthly)

$1,803 ISK 224.9K

$2,000 ISK 249.6K

-9.87%

3-bedroom Apartment, City Center (Monthly)

$3,152 ISK 393.2K

3-bedroom Apartment, Outside City Center (Monthly)

$2,140 ISK 266.9K

$2,726 ISK 340.1K

-21.51%

Buy Apartment in City Center (m2)

$6,404 ISK 798.8K

$7,821 ISK 975.7K

-18.12%

Buy Apartment Outside City Center (m2)

$6,379 ISK 795.8K

$6,501 ISK 811K

-1.87%

Average Monthly Net Salary (After Tax)

$4,376 ISK 546K

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: October 27, 2025

Last update for Reykjavik: October 28, 2025

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