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

🙂 Solo nomad: Akureyri is 43.4% cheaper than Reykjavik without rent, and 21.8% cheaper with rent.

🙂 Family of 3: Akureyri is 43% cheaper than Reykjavik without rent, and 32.7% cheaper with rent.

Meal at Budget Restaurant

$24.27 ISK 2,962

$26.47 ISK 3,231

-8.31%

Three-Course Dinner for Two, Mid-Range

$130 ISK 15.9K

$142 ISK 17.4K

-8.50%

Fast Food Meal (McDonalds, etc)

$21.94 ISK 2,678

$22.61 ISK 2,760

-2.96%

Cappuccino

$5.01 ISK 611

$6.17 ISK 753

-18.80%

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

$3.39 ISK 414

$3.35 ISK 409

1.19%

Water (0.33 liter bottle)

$3.06 ISK 373

$2.63 ISK 321

16.35%

Local Beer (0.5 liter draught)

$10.80 ISK 1,318

$12.64 ISK 1,543

-14.56%

Imported Beer (0.33 liter bottle)

$9.44 ISK 1,152

$11.33 ISK 1,384

-16.68%

Milk (1 liter)

$2.75 ISK 336

$1.93 ISK 236

42.49%

White Bread (500g)

$2.35 ISK 287

$4.15 ISK 507

-43.37%

Rice (white) (1kg)

$3.14 ISK 383

$3.74 ISK 456

-16.04%

Eggs

$8.00 ISK 977

$6.27 ISK 766

27.59%

Local Cheese (1kg)

$17.92 ISK 2,188

Chicken Fillets (1kg)

$23.91 ISK 2,919

$24.05 ISK 2,936

-0.58%

Beef Round Steak (1kg)

$42.07 ISK 5,136

Apples (1kg)

$3.22 ISK 393

Banana (1kg)

$2.52 ISK 307

Oranges (1kg)

$3.09 ISK 377

Tomato (1kg)

$5.09 ISK 621

Potato (1kg)

$3.58 ISK 437

Onion (1kg)

$2.44 ISK 297

Lettuce (1 head)

$3.18 ISK 389

Water (1.5 liter bottle)

$1.94 ISK 237

Cigarettes 20 Pack (Marlboro, Camel)

$13.27 ISK 1,619

$13.71 ISK 1,674

-3.21%

Wine (Bottle)

$22.59 ISK 2,758

Local Beer (0.5 liter bottle)

$3.55 ISK 434

Imported Beer (0.33 liter bottle)

$3.33 ISK 406

One-way Ticket (Public Transport)

$5.28 ISK 644

Public Transport Monthly Pass (Regular Price)

$87.1 ISK 10.6K

Taxi Start (Normal Tariff)

$6.25 ISK 763

Taxi (Normal Tariff) (1km)

$2.51 ISK 307

Taxi 1hour Waiting (Normal Tariff)

$84.7 ISK 10.3K

Gasoline (1 liter)

$2.45 ISK 299

$2.46 ISK 300

-0.41%

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

$39.7K ISK 4.8M

$46.5K ISK 5.7M

-14.51%

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

$64.6K ISK 7.9M

$51.5K ISK 6.3M

25.55%

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

$122 ISK 14.9K

$87.7 ISK 10.7K

39.66%

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

$25.27 ISK 3,084

$27.91 ISK 3,407

-9.46%

Internet (50+ Mbps, Unlimited Data)

$163 ISK 19.9K

$84.5 ISK 10.3K

93.08%

Gym Membership (Monthly)

$85.0 ISK 10.4K

$82.7 ISK 10.1K

2.87%

Tennis Court (1 Hour on Weekend)

$37.97 ISK 4,635

Cinema Ticket

$14.79 ISK 1,805

$17.78 ISK 2,170

-16.82%

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

$356 ISK 43.5K

$324 ISK 39.6K

9.86%

International Primary School, 1 Child (Yearly)

$29.7K ISK 3.6M

Jeans (Levis 501 Or Similar)

$80.3 ISK 9,805

$140 ISK 17.1K

-42.71%

Summer Dress (H&M, Zara, etc)

$60.6 ISK 7,399

Sport Shoes (Adidas, Nike)

$120 ISK 14.7K

$181 ISK 22.1K

-33.79%

Men's Leather Business Shoes

$263 ISK 32.1K

1-bedroom Apartment, City Center (Monthly)

$1,791 ISK 218.6K

$2,250 ISK 274.7K

-20.43%

1-bedroom Apartment, Outside City Center (Monthly)

$1,736 ISK 211.9K

$2,007 ISK 245.0K

-13.54%

3-bedroom Apartment, City Center (Monthly)

$3,118 ISK 380.6K

3-bedroom Apartment, Outside City Center (Monthly)

$2,086 ISK 254.7K

$2,755 ISK 336.3K

-24.27%

Buy Apartment in City Center (m2)

$6,638 ISK 810.4K

$8,013 ISK 978.1K

-17.15%

Buy Apartment Outside City Center (m2)

$6,635 ISK 809.9K

$6,528 ISK 796.9K

1.63%

Average Monthly Net Salary (After Tax)

$4,449 ISK 543.1K

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: April 13, 2026

Last update for Reykjavik: April 14, 2026

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 other spots: cost of living compared

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