Cost of Living Comparison Between Bakkafjordur and Chiang Mai Cost of Living Comparison Between Bakkafjordur and Chiang Mai

Monthly Cost of Living

A single person spends $251 per month in Bakkafjordur vs $861 in Chiang Mai, rent included.

A couple spends around $427 per month in Bakkafjordur vs $1,350 in Chiang Mai, rent included.

A family of three spends $602 per month in Bakkafjordur vs $1,838 in Chiang Mai, rent included.

Bakkafjordur is about 71% cheaper than Chiang Mai, driven mainly by Clothing & Footwear.

Both Bakkafjordur and Chiang Mai are more affordable than the global median – Bakkafjordur 81% lower, Chiang Mai 36% lower.

Meal at Budget Restaurant

$1.96 ฿65.7

Three-Course Dinner for Two, Mid-Range

$18.35 ฿616

Fast Food Meal (McDonalds, etc)

$7.48 ฿251

Cappuccino

$2.02 ฿67.7

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

$0.85 ฿28.45

Water (0.33 liter bottle)

$0.36 ฿11.94

Local Beer (0.5 liter draught)

$2.14 ฿71.7

Imported Beer (0.33 liter bottle)

$3.59 ฿121

Milk (1 liter)

$1.65 ฿55.4

White Bread (500g)

$2.24 ISK 280

$1.57 ฿52.6

42.68%

Rice (white) (1kg)

$2.15 ISK 268

$1.19 ฿39.95

80.67%

Eggs

$4.83 ISK 602

$1.94 ฿65.0

148.97%

Local Cheese (1kg)

$9.01 ISK 1,122

$16.19 ฿544

-44.35%

Chicken Fillets (1kg)

$11.19 ISK 1,395

$2.99 ฿100

274.25%

Beef Round Steak (1kg)

$10.86 ISK 1,353

$10.94 ฿367

-0.73%

Apples (1kg)

$2.25 ISK 280

$2.71 ฿91.0

-16.97%

Banana (1kg)

$2.18 ISK 271

$1.17 ฿39.18

86.32%

Oranges (1kg)

$2.14 ISK 267

$1.69 ฿56.6

26.63%

Tomato (1kg)

$2.23 ISK 278

$1.60 ฿53.9

39.37%

Potato (1kg)

$2.19 ISK 273

$1.38 ฿46.45

58.70%

Onion (1kg)

$2.24 ISK 280

$1.20 ฿40.38

86.67%

Lettuce (1 head)

$1.02 ISK 127

$0.67 ฿22.46

52.24%

Water (1.5 liter bottle)

$2.02 ISK 252

$0.56 ฿18.70

260.71%

Cigarettes 20 Pack (Marlboro, Camel)

$4.64 ฿156

Wine (Bottle)

$17.62 ฿591

Local Beer (0.5 liter bottle)

$1.86 ฿62.4

Imported Beer (0.33 liter bottle)

$3.30 ฿111

One-way Ticket (Public Transport)

$0.88 ฿29.63

Public Transport Monthly Pass (Regular Price)

$19.34 ฿649

Taxi Start (Normal Tariff)

$1.36 ฿45.82

Taxi (Normal Tariff) (1km)

$1.34 ฿44.90

Taxi 1hour Waiting (Normal Tariff)

$8.21 ฿276

Gasoline (1 liter)

$1.22 ฿41.11

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

$21.4K ฿716.8K

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

$22.5K ฿756.3K

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

$70.7 ฿2,372

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

$14.04 ฿471

Internet (50+ Mbps, Unlimited Data)

$17.49 ฿587

Gym Membership (Monthly)

$42.15 ฿1,415

Tennis Court (1 Hour on Weekend)

$6.88 ฿231

Cinema Ticket

$5.92 ฿199

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

$309 ฿10.4K

International Primary School, 1 Child (Yearly)

$14.9K ฿499.5K

Jeans (Levis 501 Or Similar)

$55.8 ฿1,872

Summer Dress (H&M, Zara, etc)

$26.11 ฿877

Sport Shoes (Adidas, Nike)

$83.0 ฿2,787

Men's Leather Business Shoes

$70.5 ฿2,365

1-bedroom Apartment, City Center (Monthly)

$432 ฿14.5K

1-bedroom Apartment, Outside City Center (Monthly)

$239 ฿8,020

3-bedroom Apartment, City Center (Monthly)

$822 ฿27.6K

3-bedroom Apartment, Outside City Center (Monthly)

$512 ฿17.2K

Buy Apartment in City Center (m2)

$1,915 ฿64.3K

Buy Apartment Outside City Center (m2)

$1,467 ฿49.3K

Average Monthly Net Salary (After Tax)

$5,788 ISK 721.1K

$579 ฿19.4K

898.95%

20-Year Fixed Mortgage Interest Rate (Annual %)

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

Last update for Bakkafjordur: July 13, 2026

Last update for Chiang Mai: July 12, 2026

Cost Breakdown

Salaries run about 899% higher in Bakkafjordur, which reinforces the cost advantage – you earn more and spend less. Purchasing power leans clearly in its favor.

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 Chiang Mai: Cost of Living - Frequently Asked Questions

Chiang Mai costs about 244% more than Bakkafjordur, with the gap driven mainly by Clothing & Footwear. That's enough to noticeably affect everyday spending and lifestyle for anyone choosing between the two.

For a comfortable life, plan on about $376 per month in Bakkafjordur and $1,292 in Chiang Mai. That covers rent, food, utilities, transport, and enough left over to feel settled – not just surviving.

Monthly expenses with rent come to $251 in Bakkafjordur and $861 in Chiang Mai. The difference isn't just one category – it shows up across housing, food, transport, and services.

Interestingly, groceries are about 2% cheaper in Chiang Mai – one category where the pricier city actually offers better value, probably thanks to stronger retail competition or local farming.

$800 covers both cities comfortably – all-in costs are $251 in Bakkafjordur and $861 in Chiang Mai, leaving budget for savings and extras in both cases.

For digital nomads, it depends on budget. Bakkafjordur costs $251 versus $861 in Chiang Mai. Both have workable remote work infrastructure, but the cost gap matters when income varies month to month.

Both have safer and rougher neighborhoods, but overall safety is comparable to other large cities. Neighborhood choice matters more than the city-level comparison – central, well-trafficked areas feel secure in both.

If budget matters most, go with Bakkafjordur. If higher salaries, better infrastructure, or specific career opportunities are the priority, Chiang Mai makes more sense. Both are solid long-term options with distinct trade-offs.