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

🙂 Solo nomad: Bakkafjordur is 78.1% cheaper than Akureyri without rent, and 91.5% cheaper with rent.

🙂 Family of 3: Bakkafjordur is 71.6% cheaper than Akureyri without rent, and 87.7% cheaper with rent.

Meal at Budget Restaurant

$23.74 ISK 2,990

Three-Course Dinner for Two, Mid-Range

$131 ISK 16.5K

Fast Food Meal (McDonalds, etc)

$22.36 ISK 2,816

Cappuccino

$4.82 ISK 607

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

$3.44 ISK 434

Water (0.33 liter bottle)

$3.05 ISK 385

Local Beer (0.5 liter draught)

$11.05 ISK 1,391

Imported Beer (0.33 liter bottle)

$9.27 ISK 1,168

Milk (1 liter)

$2.73 ISK 344

White Bread (500g)

$2.25 ISK 283

$2.23 ISK 281

0.90%

Rice (white) (1kg)

$2.16 ISK 272

$3.06 ISK 386

-29.41%

Eggs

$4.84 ISK 610

$8.24 ISK 1,038

-41.26%

Local Cheese (1kg)

$8.77 ISK 1,105

Chicken Fillets (1kg)

$10.81 ISK 1,362

$24.39 ISK 3,072

-55.68%

Beef Round Steak (1kg)

$11.08 ISK 1,395

Apples (1kg)

$2.25 ISK 283

Banana (1kg)

$2.25 ISK 284

Oranges (1kg)

$2.24 ISK 283

Tomato (1kg)

$2.16 ISK 272

Potato (1kg)

$2.16 ISK 272

Onion (1kg)

$2.23 ISK 281

Lettuce (1 head)

$0.99 ISK 125

Water (1.5 liter bottle)

$1.99 ISK 251

Cigarettes 20 Pack (Marlboro, Camel)

$13.34 ISK 1,680

Gasoline (1 liter)

$2.45 ISK 309

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

$39.6K ISK 5.0M

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

$63.2K ISK 8.0M

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

$120 ISK 15.1K

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

$25.23 ISK 3,178

Internet (50+ Mbps, Unlimited Data)

$162 ISK 20.3K

Gym Membership (Monthly)

$82.8 ISK 10.4K

Cinema Ticket

$15.34 ISK 1,932

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

$355 ISK 44.7K

Jeans (Levis 501 Or Similar)

$81.7 ISK 10.3K

Sport Shoes (Adidas, Nike)

$122 ISK 15.4K

1-bedroom Apartment, City Center (Monthly)

$1,740 ISK 219.1K

1-bedroom Apartment, Outside City Center (Monthly)

$1,753 ISK 220.8K

3-bedroom Apartment, Outside City Center (Monthly)

$2,121 ISK 267.1K

Buy Apartment in City Center (m2)

$6,473 ISK 815.3K

Buy Apartment Outside City Center (m2)

$6,305 ISK 794.3K

Average Monthly Net Salary (After Tax)

$5,889 ISK 741.8K

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 Bakkafjordur: January 13, 2026

Last update for Akureyri: January 12, 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