Cost of Living Comparison Between Akureyri and Selfoss Cost of Living Comparison Between Akureyri and Selfoss

😐 Solo nomad: Akureyri is 50.5% more expensive than Selfoss without rent, and 17.7% cheaper with rent.

😐 Family of 3: Akureyri is 62.1% more expensive than Selfoss without rent, and 232.4% more expensive with rent.

Meal at Budget Restaurant

$24.23 ISK 3,023

Three-Course Dinner for Two, Mid-Range

$126 ISK 15.8K

Fast Food Meal (McDonalds, etc)

$22 ISK 2,744

$19.9 ISK 2,482

10.55%

Cappuccino

$4.73 ISK 591

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

$3.43 ISK 428

Water (0.33 liter bottle)

$3.04 ISK 380

Local Beer (0.5 liter draught)

$10.74 ISK 1,339

$12.23 ISK 1,526

-12.18%

Imported Beer (0.33 liter bottle)

$9.04 ISK 1,127

Milk (1 liter)

$2.84 ISK 354

$1.73 ISK 216

64.16%

White Bread (500g)

$2.32 ISK 289

$7.36 ISK 918

-68.48%

Rice (white) (1kg)

$3.03 ISK 377

$4.54 ISK 567

-33.26%

Eggs

$8.18 ISK 1,021

$6.3 ISK 786

29.84%

Local Cheese (1kg)

$17.15 ISK 2,139

Chicken Fillets (1kg)

$24.06 ISK 3,001

$20.77 ISK 2,591

15.84%

Beef Round Steak (1kg)

$32.97 ISK 4,114

Apples (1kg)

$2.75 ISK 343

Banana (1kg)

$2.65 ISK 331

Oranges (1kg)

$2.58 ISK 322

Tomato (1kg)

$7.14 ISK 891

Potato (1kg)

$3.22 ISK 402

Onion (1kg)

$2.09 ISK 261

Lettuce (1 head)

$3.52 ISK 439

Water (1.5 liter bottle)

$1.37 ISK 172

Cigarettes 20 Pack (Marlboro, Camel)

$13.68 ISK 1,706

$15.4 ISK 1,921

-11.17%

Imported Beer (0.33 liter bottle)

$1.13 ISK 141

Gasoline (1 liter)

$2.51 ISK 313

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

$40.6K ISK 5.1M

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

$64.7K ISK 8.1M

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

$123 ISK 15.3K

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

$24.89 ISK 3,106

Internet (50+ Mbps, Unlimited Data)

$162 ISK 20.2K

Gym Membership (Monthly)

$82.7 ISK 10.3K

Cinema Ticket

$15.29 ISK 1,907

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

$360 ISK 44.9K

Jeans (Levis 501 Or Similar)

$80.8 ISK 10.1K

Sport Shoes (Adidas, Nike)

$119 ISK 14.8K

1-bedroom Apartment, City Center (Monthly)

$1,794 ISK 223.9K

1-bedroom Apartment, Outside City Center (Monthly)

$1,803 ISK 224.9K

$2,856 ISK 356.3K

-36.87%

3-bedroom Apartment, Outside City Center (Monthly)

$2,140 ISK 266.9K

Buy Apartment in City Center (m2)

$6,404 ISK 798.8K

Buy Apartment Outside City Center (m2)

$6,379 ISK 795.8K

20-Year Fixed Mortgage Interest Rate (Annual %)

9.4

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

Last update for Akureyri: October 27, 2025

Last update for Selfoss: October 28, 2025

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