Cost of Living Comparison Between Bakkafjordur and Akureyri Cost of Living Comparison Between Bakkafjordur and Akureyri

🙂 Solo nomad: Bakkafjordur is 74.5% cheaper than Akureyri without rent, and 91.6% cheaper with rent.

🙂 Family of 3: Bakkafjordur is 78.3% cheaper than Akureyri without rent, and 87.7% cheaper with rent.

Meal at Budget Restaurant

$24.36 ISK 3,027

Three-Course Dinner for Two, Mid-Range

$129 ISK 16.0K

Fast Food Meal (McDonalds, etc)

$22.26 ISK 2,766

Cappuccino

$4.94 ISK 614

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

$3.40 ISK 423

Water (0.33 liter bottle)

$2.94 ISK 366

Local Beer (0.5 liter draught)

$10.83 ISK 1,346

Imported Beer (0.33 liter bottle)

$9.15 ISK 1,137

Milk (1 liter)

$2.75 ISK 341

White Bread (500g)

$2.26 ISK 280

Rice (white) (1kg)

$2.18 ISK 271

$2.97 ISK 369

-26.60%

Eggs

$4.94 ISK 613

$8.20 ISK 1,019

-39.76%

Local Cheese (1kg)

$8.72 ISK 1,084

Chicken Fillets (1kg)

$11.03 ISK 1,371

$23.90 ISK 2,970

-53.85%

Beef Round Steak (1kg)

$11.16 ISK 1,387

Apples (1kg)

$2.26 ISK 281

Banana (1kg)

$2.24 ISK 279

Oranges (1kg)

$2.18 ISK 271

Tomato (1kg)

$2.14 ISK 266

Potato (1kg)

$2.24 ISK 279

Onion (1kg)

$2.14 ISK 266

Lettuce (1 head)

$0.99 ISK 123

Water (1.5 liter bottle)

$2.02 ISK 250

Cigarettes 20 Pack (Marlboro, Camel)

$13.29 ISK 1,651

Gasoline (1 liter)

$2.58 ISK 321

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

$39.8K ISK 4.9M

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

$64.6K ISK 8.0M

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

$120 ISK 14.9K

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

$25.46 ISK 3,164

Internet (50+ Mbps, Unlimited Data)

$160 ISK 19.9K

Gym Membership (Monthly)

$82.2 ISK 10.2K

Cinema Ticket

$14.83 ISK 1,843

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

$355 ISK 44.1K

Jeans (Levis 501 Or Similar)

$80.5 ISK 10.0K

Sport Shoes (Adidas, Nike)

$120 ISK 14.9K

1-bedroom Apartment, City Center (Monthly)

$1,742 ISK 216.4K

1-bedroom Apartment, Outside City Center (Monthly)

$1,788 ISK 222.2K

3-bedroom Apartment, Outside City Center (Monthly)

$2,094 ISK 260.2K

Buy Apartment in City Center (m2)

$6,470 ISK 804.0K

Buy Apartment Outside City Center (m2)

$6,520 ISK 810.3K

Average Monthly Net Salary (After Tax)

$5,875 ISK 730.1K

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 Bakkafjordur: March 2, 2026

Last update for Akureyri: March 3, 2026

City Median Internet Speeds Comparison (Updated December 2025)

The chart highlights the Precision Threshold for mobile and fixed broadband internet speeds, updated quarterly.

Digital Nomad Cost of Living Index

Similar cities

Altos

🇵🇾 Paraguay

Mandalay

🇲🇲 Myanmar

Urganch

🇺🇿 Uzbekistan

Moshi

🇹🇿 Tanzania

Pyongyang

🇰🇵 North Korea

Nalut

🇱🇾 Libya

Afgoye

🇸🇴 Somalia

Carriacou

🇬🇩 Grenada