Last update: Oct 2026

Cost of Living Comparison Between Athens and Bakkafjordur

For one person, living is cheaper in Bakkafjordur: $250 a month against $1,775 in Athens, rent and utilities included – about $18,300 less a year. Rent and utilities account for most of the difference.

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Cost of Living Index in Athens
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Athens Living Index

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Athens

🇬🇷 Greece

$1,775

/mo nomad

Bakkafjordur

🇮🇸 Iceland

$250

/mo nomad

Monthly Cost of Living

How much you'll spend in Athens and in Bakkafjordur

Real prices from locals and on-the-ground checks – rent, groceries, transit and the daily extras. Here's what a month in Athens and in Bakkafjordur actually costs, broken down by who's living it.

Monthly costs for one person with rent: $1,775 in Athens versus $250 in Bakkafjordur.

Athens $1,775
Bakkafjordur $250

Estimated couple costs with rent: $2,721 in Athens versus $427 in Bakkafjordur.

Athens $2,721
Bakkafjordur $427

Monthly costs for a family of three with rent: $3,666 in Athens versus $604 in Bakkafjordur.

Athens $3,666
Bakkafjordur $604

Living in Athens is roughly 610% more expensive than in Bakkafjordur, and outside of rent the biggest gap is in eating out.

The two cities straddle the global median: Athens is 31% above, Bakkafjordur is 81% below.

Meal at Budget Restaurant

$16.69 €14.84

Three-Course Dinner for Two, Mid-Range

$67.8 €60.3

Fast Food Meal (McDonalds, etc)

$11.14 €9.91

Cappuccino

$4.03 €3.58

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

$2.77 €2.46

Water (0.33 liter bottle)

$0.55 €0.49

Local Beer (0.5 liter draught)

$5.74 €5.10

Imported Beer (0.33 liter bottle)

$5.45 €4.85

Milk (1 liter)

$1.82 €1.62

White Bread (500g)

$1.38 €1.23

$2.26 ISK 275

-38.94%

Rice (white) (1kg)

$2.80 €2.49

$2.17 ISK 263

29.03%

Eggs

$4.83 €4.30

$4.88 ISK 591

-1.02%

Local Cheese (1kg)

$15.05 €13.39

$8.91 ISK 1,081

68.91%

Chicken Fillets (1kg)

$10.63 €9.45

$11.17 ISK 1,355

-4.83%

Beef Round Steak (1kg)

$18.43 €16.39

$11.19 ISK 1,357

64.70%

Apples (1kg)

$2.20 €1.96

$2.22 ISK 269

-0.90%

Banana (1kg)

$1.90 €1.69

$2.25 ISK 273

-15.56%

Oranges (1kg)

$1.37 €1.22

$2.22 ISK 269

-38.29%

Tomato (1kg)

$2.10 €1.87

$2.19 ISK 265

-4.11%

Potato (1kg)

$1.08 €0.96

$2.18 ISK 264

-50.46%

Onion (1kg)

$1.12 €1.00

$2.24 ISK 272

-50.00%

Lettuce (1 head)

$1.12 €1.00

$1.02 ISK 124

9.80%

Water (1.5 liter bottle)

$0.88 €0.79

$1.97 ISK 238

-55.33%

Cigarettes 20 Pack (Marlboro, Camel)

$5.48 €4.88

Wine (Bottle)

$10.13 €9.01

Local Beer (0.5 liter bottle)

$2.13 €1.89

Imported Beer (0.33 liter bottle)

$2.25 €2.00

One-way Ticket (Public Transport)

$1.36 €1.21

Public Transport Monthly Pass (Regular Price)

$29.89 €26.59

Taxi Start (Normal Tariff)

$4.45 €3.96

Taxi (Normal Tariff) (1km)

$1.02 €0.90

Taxi 1hour Waiting (Normal Tariff)

$16.92 €15.05

Gasoline (1 liter)

$2.25 €2.00

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

$28.0K €24.9K

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

$28.2K €25.1K

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

$205 €182

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

$26.65 €23.71

Internet (50+ Mbps, Unlimited Data)

$30.38 €27.02

Gym Membership (Monthly)

$54.5 €48.47

Tennis Court (1 Hour on Weekend)

$25.88 €23.02

Cinema Ticket

$10.42 €9.27

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

$569 €506

International Primary School, 1 Child (Yearly)

$12.6K €11.2K

Jeans (Levis 501 Or Similar)

$88.7 €78.9

Summer Dress (H&M, Zara, etc)

$40.46 €35.99

Sport Shoes (Adidas, Nike)

$105 €93.3

Men's Leather Business Shoes

$121 €108

1-bedroom Apartment, City Center (Monthly)

$741 €659

1-bedroom Apartment, Outside City Center (Monthly)

$655 €582

3-bedroom Apartment, City Center (Monthly)

$1,300 €1,156

3-bedroom Apartment, Outside City Center (Monthly)

$1,148 €1,021

Buy Apartment in City Center (m2)

$4,014 €3,570

Buy Apartment Outside City Center (m2)

$3,460 €3,078

Average Monthly Net Salary (After Tax)

$1,242 €1,105

$5,928 ISK 719.0K

-79.04%

20-Year Fixed Mortgage Interest Rate (Annual %)

4.48

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

Last update for Athens: October 10, 2026

Last update for Bakkafjordur: October 11, 2026

Monthly budget structure

Share of the monthly basket for one person, rent included.

Accommodation & Living

Athens

$655 36.9%

Bakkafjordur

–

Groceries & Markets

Athens

$310 17.5%

Bakkafjordur

–

Eating Out

Athens

$268 15.1%

Bakkafjordur

–

Monthly Utilities & Internet

Athens

$262 14.7%

Bakkafjordur

–

Clothing & Footwear

Athens

$160 9%

Bakkafjordur

–

Sport & Entertainment

Athens

$75 4.2%

Bakkafjordur

–

Getting Around

Athens

$45 2.5%

Bakkafjordur

–

Cost Breakdown

Bakkafjordur pays 377% more on average while also being the cheaper of the two. The combined effect is a noticeably stronger local purchasing power.

Good to know

🇬🇷 Athens

🇮🇸 Bakkafjordur

🕒 Local time

07:58 7:58 AM

04:58 4:58 AM

3 h behind Athens

🌤 Weather

👥 Population

3,090,508 Capital

100

💱 Currency

Euro EUR €

Icelandic Króna ISK kr

📈 Exchange rate

1 EUR = 1.12 USD

1,000 ISK = 8.24 USD

1,000 ISK = 7.33 EUR

Exchange rates and currency converter

ISK, USD to EUR – Euro Converter

🇺🇸 United States Dollar ($)

🇪🇺 Euro (€)

Euro exchange rates as of October 19, 2026: 1 USD = 0.889 EUR (1 EUR = 1.12 USD).

Icelandic Króna exchange rates as of October 19, 2026: 1 USD = 121 ISK (1,000 ISK = 8.24 USD). 1 EUR = 136 ISK (1,000 ISK = 7.33 EUR).

USD to EUR in detail →

On the map

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Between locations

Athens Bakkafjordur 3,960 km ≈ 5 h nonstop flight

From you

Athens
Bakkafjordur

Distances are measured in a straight line. Your location is detected approximately.

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

Athens vs Bakkafjordur: Cost of Living - Frequently Asked Questions

Bakkafjordur wins on cost – living expenses run 610% lower than in Athens. Housing and daily spending are where you'll feel the difference most, making Bakkafjordur the obvious pick if budget is a priority.

On paper, salaries run 377% lower in Bakkafjordur. That's worth factoring in alongside costs, though remote workers earning in a stronger currency may not notice the difference at all.

Supermarket bills run roughly 24% higher in Athens. For households that cook at home regularly, that difference adds up over a month.

All in, you'll spend $1,775 per month in Athens versus $250 in Bakkafjordur – a 610% gap that adds up to real savings over time for anyone picking the cheaper option.

At $250 in Bakkafjordur versus $1,775 in Athens, a $1,000 budget is realistic in Bakkafjordur but tight or insufficient in Athens. The gap between the two cities makes Bakkafjordur the clear choice for anyone on this budget.

Both work as nomad bases, but Bakkafjordur delivers better value – similar infrastructure at $250 monthly. If stretching your runway or maximizing savings is the goal, the price difference makes Bakkafjordur hard to pass up.

Safety-wise, Athens and Bakkafjordur are on par. Petty crime is typical for cities this size, and most residents feel comfortable going about their daily routines in either place.

Expats usually find Bakkafjordur gentler on the wallet – expenses run 610% less than in Athens. Beyond cost, consider language, visa policies, and how big the international community is in each city.