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

🙂 Solo nomad: Bakkafjordur is 75% cheaper than Akureyri without rent, and 91.7% cheaper with rent.

🙂 Family of 3: Bakkafjordur is 79.3% cheaper than Akureyri without rent, and 87.7% cheaper with rent.

Meal at Budget Restaurant

$24.27 ISK 2,962

Three-Course Dinner for Two, Mid-Range

$130 ISK 15.9K

Fast Food Meal (McDonalds, etc)

$21.94 ISK 2,678

Cappuccino

$5.01 ISK 611

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

$3.39 ISK 414

Water (0.33 liter bottle)

$3.06 ISK 373

Local Beer (0.5 liter draught)

$10.80 ISK 1,318

Imported Beer (0.33 liter bottle)

$9.44 ISK 1,152

Milk (1 liter)

$2.75 ISK 336

White Bread (500g)

$2.17 ISK 264

$2.35 ISK 287

-7.66%

Rice (white) (1kg)

$2.25 ISK 274

$3.14 ISK 383

-28.34%

Eggs

$4.92 ISK 601

$8.00 ISK 977

-38.50%

Local Cheese (1kg)

$8.94 ISK 1,091

Chicken Fillets (1kg)

$11.17 ISK 1,364

$23.91 ISK 2,919

-53.28%

Beef Round Steak (1kg)

$11.11 ISK 1,357

Apples (1kg)

$2.17 ISK 265

Banana (1kg)

$2.14 ISK 261

Oranges (1kg)

$2.24 ISK 273

Tomato (1kg)

$2.15 ISK 262

Potato (1kg)

$2.23 ISK 272

Onion (1kg)

$2.16 ISK 264

Lettuce (1 head)

$1.02 ISK 125

Water (1.5 liter bottle)

$2.04 ISK 250

Cigarettes 20 Pack (Marlboro, Camel)

$13.27 ISK 1,619

Gasoline (1 liter)

$2.45 ISK 299

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

$39.7K ISK 4.8M

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

$64.6K ISK 7.9M

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

$122 ISK 14.9K

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

$25.27 ISK 3,084

Internet (50+ Mbps, Unlimited Data)

$163 ISK 19.9K

Gym Membership (Monthly)

$85.0 ISK 10.4K

Cinema Ticket

$14.79 ISK 1,805

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

$356 ISK 43.5K

Jeans (Levis 501 Or Similar)

$80.3 ISK 9,805

Sport Shoes (Adidas, Nike)

$120 ISK 14.7K

1-bedroom Apartment, City Center (Monthly)

$1,791 ISK 218.6K

1-bedroom Apartment, Outside City Center (Monthly)

$1,736 ISK 211.9K

3-bedroom Apartment, Outside City Center (Monthly)

$2,086 ISK 254.7K

Buy Apartment in City Center (m2)

$6,638 ISK 810.4K

Buy Apartment Outside City Center (m2)

$6,635 ISK 809.9K

Average Monthly Net Salary (After Tax)

$5,758 ISK 702.9K

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: April 14, 2026

Last update for Akureyri: April 13, 2026

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

Bakkafjordur vs other spots: cost of living compared

Similar cities

Altos

🇵🇾 Paraguay

Mandalay

🇲🇲 Myanmar

Urganch

🇺🇿 Uzbekistan

Moshi

🇹🇿 Tanzania

Pyongyang

🇰🇵 North Korea

Nalut

🇱🇾 Libya

Afgoye

🇸🇴 Somalia

Carriacou

🇬🇩 Grenada