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

Meal at Budget Restaurant

$23.84 ISK 2,969

Three-Course Dinner for Two, Mid-Range

$129 ISK 16.0K

Fast Food Meal (McDonalds, etc)

$22.40 ISK 2,789

Cappuccino

$4.95 ISK 617

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

$3.28 ISK 409

Water (0.33 liter bottle)

$3.08 ISK 383

Local Beer (0.5 liter draught)

$10.68 ISK 1,330

Imported Beer (0.33 liter bottle)

$9.04 ISK 1,125

Milk (1 liter)

$2.87 ISK 357

White Bread (500g)

$2.31 ISK 288

Rice (white) (1kg)

$3.02 ISK 376

Eggs

$7.92 ISK 986

Chicken Fillets (1kg)

$24.30 ISK 3,026

Cigarettes 20 Pack (Marlboro, Camel)

$13.20 ISK 1,643

Gasoline (1 liter)

$2.50 ISK 311

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

$40.9K ISK 5.1M

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

$63.6K ISK 7.9M

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)

$25.24 ISK 3,143

Internet (50+ Mbps, Unlimited Data)

$159 ISK 19.8K

Gym Membership (Monthly)

$82.4 ISK 10.3K

Cinema Ticket

$14.82 ISK 1,845

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

$362 ISK 45.1K

Jeans (Levis 501 Or Similar)

$81.4 ISK 10.1K

Sport Shoes (Adidas, Nike)

$119 ISK 14.9K

1-bedroom Apartment, City Center (Monthly)

$1,802 ISK 224.3K

1-bedroom Apartment, Outside City Center (Monthly)

$1,786 ISK 222.3K

3-bedroom Apartment, Outside City Center (Monthly)

$2,144 ISK 266.9K

Buy Apartment in City Center (m2)

$6,488 ISK 807.7K

Buy Apartment Outside City Center (m2)

$6,500 ISK 809.2K

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: June 8, 2026

Last update for Akureyri: June 6, 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.