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

Meal at Budget Restaurant

$24.40 ISK 2,970

Three-Course Dinner for Two, Mid-Range

$132 ISK 16.1K

Fast Food Meal (McDonalds, etc)

$22.91 ISK 2,788

Cappuccino

$5.15 ISK 626

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

$3.48 ISK 424

Water (0.33 liter bottle)

$3.05 ISK 371

Local Beer (0.5 liter draught)

$11.40 ISK 1,388

Imported Beer (0.33 liter bottle)

$9.41 ISK 1,146

Milk (1 liter)

$2.77 ISK 337

White Bread (500g)

$2.41 ISK 294

Rice (white) (1kg)

$3.07 ISK 373

Eggs

$8.09 ISK 985

Local Cheese (1kg)

$15.69 ISK 1,909

Chicken Fillets (1kg)

$24.69 ISK 3,005

Banana (1kg)

$3.00 ISK 365

Oranges (1kg)

$3.39 ISK 413

Tomato (1kg)

$6.03 ISK 734

Cigarettes 20 Pack (Marlboro, Camel)

$14.00 ISK 1,703

Gasoline (1 liter)

$2.54 ISK 309

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

$40.8K ISK 5.0M

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

$67.1K ISK 8.2M

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

$123 ISK 15.0K

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

$26.18 ISK 3,186

Internet (50+ Mbps, Unlimited Data)

$168 ISK 20.4K

Gym Membership (Monthly)

$85.8 ISK 10.4K

Cinema Ticket

$15.37 ISK 1,870

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

$374 ISK 45.5K

Jeans (Levis 501 Or Similar)

$82.1 ISK 9,988

Sport Shoes (Adidas, Nike)

$123 ISK 15.0K

1-bedroom Apartment, City Center (Monthly)

$1,832 ISK 223.0K

1-bedroom Apartment, Outside City Center (Monthly)

$1,831 ISK 222.9K

3-bedroom Apartment, Outside City Center (Monthly)

$2,195 ISK 267.1K

Buy Apartment in City Center (m2)

$6,760 ISK 822.7K

Buy Apartment Outside City Center (m2)

$6,647 ISK 808.9K

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: September 28, 2026

Last update for Akureyri: September 26, 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.