Last update: Oct 2026

Cost of Living Comparison Between Austin, TX and Drangsnes

For one person, living is cheaper in Drangsnes: $1,712 a month against $2,663 in Austin, TX, rent and utilities included – about $11,400 less a year. Higher rent and utilities in Austin, TX outweigh lower spending on other living expenses.

130

Cost of Living Index in Austin, TX
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Austin, TX Living Index
84

Cost of Living Index in Drangsnes
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Drangsnes Living Index

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Austin, TX

🇺🇸 United States

$2,663

/mo nomad

Drangsnes

🇮🇸 Iceland

$1,712

/mo nomad

Monthly Cost of Living

How much you'll spend in Austin, TX and in Drangsnes

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

Monthly costs for one person with rent: $2,663 in Austin, TX versus $1,712 in Drangsnes.

Austin, TX $2,663
Drangsnes $1,712

Estimated couple costs with rent: $4,133 in Austin, TX versus $2,910 in Drangsnes.

Austin, TX $4,133
Drangsnes $2,910

Monthly costs for a family of three with rent: $5,603 in Austin, TX versus $4,109 in Drangsnes.

Austin, TX $5,603
Drangsnes $4,109

Living in Austin, TX is roughly 56% more expensive than in Drangsnes, and outside of rent the biggest gap is in groceries.

Both cities are pricier than the global median: Austin, TX 97% above, Drangsnes 27% above.

Meal at Budget Restaurant

$20.77 $20.77

$30.53 ISK 3,703

-31.97%

Three-Course Dinner for Two, Mid-Range

$84.6 $84.6

$122 ISK 14.8K

-30.45%

Fast Food Meal (McDonalds, etc)

$12.32 $12.32

$27.37 ISK 3,320

-54.99%

Cappuccino

$5.63 $5.63

$6.65 ISK 806

-15.34%

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

$3.72 $3.72

$3.40 ISK 412

9.41%

Water (0.33 liter bottle)

$2.50 $2.50

$3.02 ISK 366

-17.22%

Local Beer (0.5 liter draught)

$8.05 $8.05

$14.04 ISK 1,703

-42.66%

Imported Beer (0.33 liter bottle)

$9.01 $9.01

$12.40 ISK 1,504

-27.34%

Milk (1 liter)

$1.12 $1.12

$2.10 ISK 255

-46.67%

White Bread (500g)

$3.75 $3.75

$4.32 ISK 523

-13.19%

Rice (white) (1kg)

$3.26 $3.26

$3.65 ISK 443

-10.68%

Eggs

$4.17 $4.17

$6.97 ISK 845

-40.17%

Local Cheese (1kg)

$12.90 $12.90

$21.84 ISK 2,649

-40.93%

Chicken Fillets (1kg)

$14.16 $14.16

$24.20 ISK 2,935

-41.49%

Beef Round Steak (1kg)

$16.22 $16.22

$41.38 ISK 5,019

-60.80%

Apples (1kg)

$4.33 $4.33

$3.35 ISK 406

29.25%

Banana (1kg)

$1.46 $1.46

$2.78 ISK 337

-47.48%

Oranges (1kg)

$4.51 $4.51

$3.27 ISK 397

37.92%

Tomato (1kg)

$4.34 $4.34

$6.43 ISK 780

-32.50%

Potato (1kg)

$2.58 $2.58

$3.81 ISK 462

-32.28%

Onion (1kg)

$2.35 $2.35

$1.63 ISK 198

44.17%

Lettuce (1 head)

$1.78 $1.78

$3.82 ISK 463

-53.40%

Water (1.5 liter bottle)

$2.22 $2.22

$1.81 ISK 219

22.65%

Cigarettes 20 Pack (Marlboro, Camel)

$9.88 $9.88

$14.12 ISK 1,713

-30.03%

Wine (Bottle)

$15.08 $15.08

$23.60 ISK 2,862

-36.10%

Local Beer (0.5 liter bottle)

$2.92 $2.92

$3.69 ISK 447

-20.87%

Imported Beer (0.33 liter bottle)

$3.46 $3.46

$3.33 ISK 403

3.90%

One-way Ticket (Public Transport)

$1.49 $1.49

Public Transport Monthly Pass (Regular Price)

$41.72 $41.72

Taxi Start (Normal Tariff)

$2.73 $2.73

$6.66 ISK 808

-59.01%

Taxi (Normal Tariff) (1km)

$1.66 $1.66

$2.91 ISK 353

-42.96%

Taxi 1hour Waiting (Normal Tariff)

$35.30 $35.30

$80.9 ISK 9,806

-56.34%

Gasoline (1 liter)

$0.95 $0.95

$2.12 ISK 257

-55.19%

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

$36.0K $36.0K

$50.3K ISK 6.1M

-28.35%

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

$27.1K $27.1K

$53.0K ISK 6.4M

-48.88%

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

$229 $229

$95.5 ISK 11.6K

139.88%

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

$59.4 $59.4

$32.50 ISK 3,942

82.74%

Internet (50+ Mbps, Unlimited Data)

$69.9 $69.9

$85.5 ISK 10.4K

-18.20%

Gym Membership (Monthly)

$57.2 $57.2

Tennis Court (1 Hour on Weekend)

$16.33 $16.33

Cinema Ticket

$14.28 $14.28

$19.83 ISK 2,405

-27.99%

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

$1,506 $1,506

$1,173 ISK 142.3K

28.39%

International Primary School, 1 Child (Yearly)

$21.5K $21.5K

$26.3K ISK 3.2M

-18.41%

Jeans (Levis 501 Or Similar)

$52.8 $52.8

$150 ISK 18.1K

-64.70%

Summer Dress (H&M, Zara, etc)

$43.82 $43.82

$66.2 ISK 8,034

-33.85%

Sport Shoes (Adidas, Nike)

$84.8 $84.8

$180 ISK 21.9K

-52.98%

Men's Leather Business Shoes

$103 $103

$250 ISK 30.4K

-58.88%

1-bedroom Apartment, City Center (Monthly)

$1,907 $1,907

1-bedroom Apartment, Outside City Center (Monthly)

$1,274 $1,274

3-bedroom Apartment, City Center (Monthly)

$3,664 $3,664

3-bedroom Apartment, Outside City Center (Monthly)

$2,538 $2,538

Buy Apartment in City Center (m2)

$7,614 $7,614

Buy Apartment Outside City Center (m2)

$3,157 $3,157

Average Monthly Net Salary (After Tax)

$5,121 $5,121

$6,197 ISK 751.6K

-17.37%

20-Year Fixed Mortgage Interest Rate (Annual %)

6.79

8.81

-22.93%

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

Last update for Austin, TX: October 12, 2026

Last update for Drangsnes: October 10, 2026

Monthly budget structure

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

Accommodation & Living

Austin, TX

$1.3K 47.8%

Drangsnes

- * 0% 100%

Groceries & Markets

Austin, TX

$405 15.2%

Drangsnes

$620 36.2% 53.2% $215

Monthly Utilities & Internet

Austin, TX

$358 13.5%

Drangsnes

$213 12.5% 40.4% $145

Eating Out

Austin, TX

$354 13.3%

Drangsnes

$527 30.8% 48.9% $173

Clothing & Footwear

Austin, TX

$128 4.8%

Drangsnes

$291 17% 127% $163

Sport & Entertainment

Austin, TX

$86 3.2%

Drangsnes

$40 * 2.3% 53.8% $46

Getting Around

Austin, TX

$59 2.2%

Drangsnes

$21 * 1.2% 63.8% $37

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

Cost Breakdown

Drangsnes pays 21% more on average while also being the cheaper of the two. The combined effect is a noticeably stronger local purchasing power.

Dining out: $85.0 in Austin, TX vs $122 in Drangsnes for a mid-range dinner for two. Groceries echo the gap at $405 vs $620 per month, with Austin, TX cheaper across the board.

Good to know

🇺🇸 Austin, TX

🇮🇸 Drangsnes

🕒 Local time

20:38 8:38 PM

01:38 1:38 AM

5 h ahead of Austin, TX

🌤 Weather

👥 Population

974,447

100

💱 Currency

United States Dollar USD $

Icelandic Króna ISK kr

📈 Exchange rate

1 USD = 0.89 EUR

1,000 ISK = 8.24 USD

1,000 ISK = 7.33 EUR

Exchange rates and currency converter

ISK, EUR to USD – United States Dollar Converter

🇮🇸 Icelandic Króna (kr)

🇺🇸 United States Dollar ($)

United States Dollar exchange rates as of October 19, 2026: 1 EUR = 1.12 USD (1 USD = 0.89 EUR).

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).

ISK to USD in detail →

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Between locations

Austin, TX Drangsnes 6,350 km ≈ 8 h nonstop flight

From you

Austin, TX
Drangsnes

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

Austin, TX vs Drangsnes: Cost of Living - Frequently Asked Questions

Drangsnes wins on cost – living expenses run 56% lower than in Austin, TX. Housing and daily spending are where you'll feel the difference most, making Drangsnes the obvious pick if budget is a priority.

On paper, salaries run 21% lower in Drangsnes. That's worth factoring in alongside costs, though remote workers earning in a stronger currency may not notice the difference at all.

Childcare runs $1,506 in Austin, TX versus $1,173 in Drangsnes. Over years of preschool, even a modest monthly gap compounds into a major financial factor for families.

Dining out is cheaper in Drangsnes – a meal for two runs $122 versus $85.0 in Austin, TX. If you eat out regularly, this makes a real dent in your monthly spending.

At $1,712 in Drangsnes versus $2,663 in Austin, TX, a $2,000 budget is realistic in Drangsnes but tight or insufficient in Austin, TX. The gap between the two cities makes Drangsnes the clear choice for anyone on this budget.

Both cities offer a good standard of living with different trade-offs. Neither is objectively better – the right pick depends on what matters most: affordability, career, cultural scene, or climate.

Safety-wise, Austin, TX and Drangsnes 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 Drangsnes gentler on the wallet – expenses run 56% less than in Austin, TX. Beyond cost, consider language, visa policies, and how big the international community is in each city.