Cost of Living Comparison Between Bolungarvik and Akureyri Cost of Living Comparison Between Bolungarvik and Akureyri

Meal at Budget Restaurant

$23.68 ISK 2,900

Three-Course Dinner for Two, Mid-Range

$127 ISK 15.6K

Fast Food Meal (McDonalds, etc)

$22.00 ISK 2,695

Cappuccino

$4.83 ISK 591

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

$3.43 ISK 420

Water (0.33 liter bottle)

$3.09 ISK 379

Local Beer (0.5 liter draught)

$10.76 ISK 1,318

Imported Beer (0.33 liter bottle)

$9.30 ISK 1,138

Milk (1 liter)

$2.79 ISK 341

White Bread (500g)

$2.25 ISK 276

Rice (white) (1kg)

$3.07 ISK 375

Eggs

$8.25 ISK 1,011

Chicken Fillets (1kg)

$24.53 ISK 3,004

Cigarettes 20 Pack (Marlboro, Camel)

$13.19 ISK 1,616

Gasoline (1 liter)

$2.54 ISK 311

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)

$63.4K ISK 7.8M

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

$121 ISK 14.8K

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

$25.36 ISK 3,106

Internet (50+ Mbps, Unlimited Data)

$160 ISK 19.6K

Gym Membership (Monthly)

$84.2 ISK 10.3K

Cinema Ticket

$14.88 ISK 1,823

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

$357 ISK 43.8K

Jeans (Levis 501 Or Similar)

$78.9 ISK 9,665

Sport Shoes (Adidas, Nike)

$122 ISK 15.0K

1-bedroom Apartment, City Center (Monthly)

$1,792 ISK 219.5K

1-bedroom Apartment, Outside City Center (Monthly)

$1,803 ISK 220.8K

3-bedroom Apartment, Outside City Center (Monthly)

$2,126 ISK 260.4K

Buy Apartment in City Center (m2)

$6,617 ISK 810.4K

Buy Apartment Outside City Center (m2)

$6,409 ISK 784.9K

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 Bolungarvik: April 27, 2026

Last update for Akureyri: April 28, 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

Bolungarvik vs Akureyri: Cost of Living - Frequently Asked Questions

Families tend to lean toward Bolungarvik – lower housing and cheaper childcare make a real difference, especially on a single income or when paying for private education.

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 Bolungarvik. If higher salaries, better infrastructure, or specific career opportunities are the priority, Akureyri makes more sense. Both are solid long-term options with distinct trade-offs.