Last update: Oct 2026

Cost of Living Comparison Between Athens and Grundarfjordur

For one person, living costs are similar in Athens and in Grundarfjordur: $1,775 and $1,722 a month, rent and utilities included.

86

Cost of Living Index in Athens
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Athens Living Index
84

Cost of Living Index in Grundarfjordur
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Grundarfjordur Living Index

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Athens

🇬🇷 Greece

$1,775

/mo nomad

Grundarfjordur

🇮🇸 Iceland

$1,722

/mo nomad

Monthly Cost of Living

How much you'll spend in Athens and in Grundarfjordur

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 Grundarfjordur actually costs, broken down by who's living it.

Monthly costs for one person with rent: $1,775 in Athens versus $1,722 in Grundarfjordur.

Athens $1,775
Grundarfjordur $1,722

Estimated couple costs with rent: $2,721 in Athens versus $2,930 in Grundarfjordur.

Athens $2,721
Grundarfjordur $2,930

Monthly costs for a family of three with rent: $3,666 in Athens versus $4,138 in Grundarfjordur.

Athens $3,666
Grundarfjordur $4,138

Living in Athens is roughly 3% more expensive than in Grundarfjordur, and outside of rent the biggest gap is in groceries.

Both cities are pricier than the global median: Athens 31% above, Grundarfjordur 28% above.

Meal at Budget Restaurant

$16.69 €14.82

$31.43 ISK 3,812

-46.90%

Three-Course Dinner for Two, Mid-Range

$67.8 €60.2

$123 ISK 14.9K

-44.69%

Fast Food Meal (McDonalds, etc)

$11.14 €9.89

$27.34 ISK 3,316

-59.25%

Cappuccino

$4.03 €3.58

$6.73 ISK 816

-40.12%

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

$2.77 €2.46

$3.35 ISK 406

-17.31%

Water (0.33 liter bottle)

$0.55 €0.48

$3.02 ISK 367

-81.79%

Local Beer (0.5 liter draught)

$5.74 €5.09

$13.78 ISK 1,671

-58.35%

Imported Beer (0.33 liter bottle)

$5.45 €4.84

$12.34 ISK 1,496

-55.83%

Milk (1 liter)

$1.82 €1.62

$2.11 ISK 255

-13.74%

White Bread (500g)

$1.38 €1.22

$4.31 ISK 523

-67.98%

Rice (white) (1kg)

$2.80 €2.49

$3.60 ISK 437

-22.22%

Eggs

$4.83 €4.29

$7.15 ISK 867

-32.45%

Local Cheese (1kg)

$15.05 €13.37

$21.52 ISK 2,610

-30.07%

Chicken Fillets (1kg)

$10.63 €9.44

$24.59 ISK 2,983

-56.77%

Beef Round Steak (1kg)

$18.43 €16.36

$41.30 ISK 5,010

-55.38%

Apples (1kg)

$2.20 €1.95

$3.23 ISK 392

-31.89%

Banana (1kg)

$1.90 €1.68

$2.88 ISK 349

-34.03%

Oranges (1kg)

$1.37 €1.22

$3.27 ISK 396

-58.10%

Tomato (1kg)

$2.10 €1.86

$6.39 ISK 776

-67.14%

Potato (1kg)

$1.08 €0.96

$3.96 ISK 480

-72.73%

Onion (1kg)

$1.12 €1.00

$1.68 ISK 204

-33.33%

Lettuce (1 head)

$1.12 €1.00

$3.67 ISK 445

-69.48%

Water (1.5 liter bottle)

$0.88 €0.79

$1.83 ISK 222

-51.91%

Cigarettes 20 Pack (Marlboro, Camel)

$5.48 €4.87

$13.67 ISK 1,658

-59.91%

Wine (Bottle)

$10.13 €8.99

$23.72 ISK 2,877

-57.29%

Local Beer (0.5 liter bottle)

$2.13 €1.89

$3.53 ISK 428

-39.66%

Imported Beer (0.33 liter bottle)

$2.25 €2.00

$3.48 ISK 423

-35.34%

One-way Ticket (Public Transport)

$1.36 €1.21

Public Transport Monthly Pass (Regular Price)

$29.89 €26.55

Taxi Start (Normal Tariff)

$4.45 €3.95

$6.67 ISK 809

-33.28%

Taxi (Normal Tariff) (1km)

$1.02 €0.90

$2.90 ISK 352

-64.83%

Taxi 1hour Waiting (Normal Tariff)

$16.92 €15.03

$81.7 ISK 9,913

-79.30%

Gasoline (1 liter)

$2.25 €1.99

$2.02 ISK 245

11.39%

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

$28.0K €24.9K

$51.5K ISK 6.2M

-45.58%

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

$28.2K €25.1K

$52.9K ISK 6.4M

-46.66%

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

$205 €182

$97.1 ISK 11.8K

110.75%

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

$26.65 €23.67

$32.85 ISK 3,985

-18.87%

Internet (50+ Mbps, Unlimited Data)

$30.38 €26.98

$85.2 ISK 10.3K

-64.33%

Gym Membership (Monthly)

$54.5 €48.39

Tennis Court (1 Hour on Weekend)

$25.88 €22.98

Cinema Ticket

$10.42 €9.25

$19.40 ISK 2,353

-46.29%

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

$569 €505

$1,191 ISK 144.4K

-52.20%

International Primary School, 1 Child (Yearly)

$12.6K €11.2K

$25.8K ISK 3.1M

-51.19%

Jeans (Levis 501 Or Similar)

$88.7 €78.7

$147 ISK 17.8K

-39.56%

Summer Dress (H&M, Zara, etc)

$40.46 €35.93

$66.1 ISK 8,022

-38.83%

Sport Shoes (Adidas, Nike)

$105 €93.2

$185 ISK 22.5K

-43.43%

Men's Leather Business Shoes

$121 €108

$253 ISK 30.7K

-52.05%

1-bedroom Apartment, City Center (Monthly)

$741 €658

1-bedroom Apartment, Outside City Center (Monthly)

$655 €581

3-bedroom Apartment, City Center (Monthly)

$1,300 €1,154

3-bedroom Apartment, Outside City Center (Monthly)

$1,148 €1,019

Buy Apartment in City Center (m2)

$4,014 €3,565

Buy Apartment Outside City Center (m2)

$3,460 €3,073

$1,121 ISK 135.9K

208.72%

Average Monthly Net Salary (After Tax)

$1,242 €1,103

20-Year Fixed Mortgage Interest Rate (Annual %)

4.48

8.81

-49.15%

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

Last update for Athens: October 10, 2026

Last update for Grundarfjordur: October 10, 2026

Monthly budget structure

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

Accommodation & Living

Athens

$655 36.9%

Grundarfjordur

- * 0% 100%

Groceries & Markets

Athens

$310 17.5%

Grundarfjordur

$621 36.1% 100% $311

Eating Out

Athens

$268 15.1%

Grundarfjordur

$533 31% 98.9% $265

Monthly Utilities & Internet

Athens

$262 14.7%

Grundarfjordur

$215 12.5% 17.8% $47

Clothing & Footwear

Athens

$160 9%

Grundarfjordur

$293 17% 83.3% $133

Sport & Entertainment

Athens

$75 4.2%

Grundarfjordur

$39 * 2.3% 48.5% $37

Getting Around

Athens

$45 2.5%

Grundarfjordur

$21 * 1.2% 52.8% $24

Categories marked with * are only partly priced – their share counts the items that do have prices.

Cost Breakdown

Dining out: $68.0 in Athens vs $123 in Grundarfjordur for a mid-range dinner for two. Groceries echo the gap at $310 vs $621 per month, with Athens cheaper across the board.

Good to know

🇬🇷 Athens

🇮🇸 Grundarfjordur

🕒 Local time

22:46 10:46 PM

19:46 7:46 PM

3 h behind Athens

🌤 Weather

👥 Population

3,090,508 Capital

800

💱 Currency

Euro EUR €

Icelandic Króna ISK kr

📈 Exchange rate

1 EUR = 1.13 USD

1,000 ISK = 8.24 USD

1,000 ISK = 7.35 EUR

Exchange rates and currency converter

ISK, USD to EUR – Euro Converter

🇺🇸 United States Dollar ($)

🇪🇺 Euro (€)

Euro exchange rates as of October 16, 2026: 1 USD = 0.888 EUR (1 EUR = 1.13 USD).

Icelandic Króna exchange rates as of October 16, 2026: 1 USD = 121 ISK (1,000 ISK = 8.24 USD). 1 EUR = 136 ISK (1,000 ISK = 7.35 EUR).

USD to EUR in detail →

On the map

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Between locations

Athens Grundarfjordur 4,250 km ≈ 6 h nonstop flight

From you

Athens
Grundarfjordur

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 Grundarfjordur: Cost of Living - Frequently Asked Questions

Grundarfjordur wins on cost – living expenses run 3% lower than in Athens. Housing and daily spending are where you'll feel the difference most, making Grundarfjordur the obvious pick if budget is a priority.

You'd need roughly $2,662 in Athens and $2,584 in Grundarfjordur to live well. The gap comes down to housing and overall price levels. Both cities are liveable on less, but these numbers represent actual comfort.

Childcare runs $569 in Athens versus $1,191 in Grundarfjordur. Over years of preschool, even a modest monthly gap compounds into a major financial factor for families.

Dining out is cheaper in Grundarfjordur – a meal for two runs $123 versus $68.0 in Athens. If you eat out regularly, this makes a real dent in your monthly spending.

At $1,722 in Grundarfjordur versus $1,775 in Athens, a $2,000 budget is realistic in Grundarfjordur but tight or insufficient in Athens. The gap between the two cities makes Grundarfjordur the clear choice for anyone on this budget.

Both work as nomad bases, but Grundarfjordur delivers better value – similar infrastructure at $1,722 monthly. If stretching your runway or maximizing savings is the goal, the price difference makes Grundarfjordur hard to pass up.

Safety-wise, Athens and Grundarfjordur 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 Grundarfjordur gentler on the wallet – expenses run 3% less than in Athens. Beyond cost, consider language, visa policies, and how big the international community is in each city.