Cost of Living Comparison Between Drangsnes and Akureyri Cost of Living Comparison Between Drangsnes and Akureyri

😐 Solo nomad: Drangsnes is 54.2% more expensive than Akureyri without rent, and 44.1% cheaper with rent.

😐 Family of 3: Drangsnes is 46.8% more expensive than Akureyri without rent, and 15.1% cheaper with rent.

Meal at Budget Restaurant

$27.39 ISK 3,451

$23.74 ISK 2,990

15.37%

Three-Course Dinner for Two, Mid-Range

$144 ISK 18.1K

$131 ISK 16.5K

10.26%

Fast Food Meal (McDonalds, etc)

$22.70 ISK 2,859

$22.36 ISK 2,816

1.52%

Cappuccino

$5.93 ISK 747

$4.82 ISK 607

23.03%

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

$3.30 ISK 415

$3.44 ISK 434

-4.07%

Water (0.33 liter bottle)

$2.54 ISK 320

$3.05 ISK 385

-16.72%

Local Beer (0.5 liter draught)

$12.88 ISK 1,623

$11.05 ISK 1,391

16.56%

Imported Beer (0.33 liter bottle)

$11.16 ISK 1,406

$9.27 ISK 1,168

20.39%

Milk (1 liter)

$1.89 ISK 239

$2.73 ISK 344

-30.77%

White Bread (500g)

$4.23 ISK 533

$2.23 ISK 281

89.69%

Rice (white) (1kg)

$3.74 ISK 471

$3.06 ISK 386

22.22%

Eggs

$6.24 ISK 786

$8.24 ISK 1,038

-24.27%

Local Cheese (1kg)

$18.36 ISK 2,312

Chicken Fillets (1kg)

$23.65 ISK 2,979

$24.39 ISK 3,072

-3.03%

Beef Round Steak (1kg)

$42.48 ISK 5,352

Apples (1kg)

$3.32 ISK 419

Banana (1kg)

$2.53 ISK 319

Oranges (1kg)

$3.09 ISK 390

Tomato (1kg)

$4.98 ISK 627

Potato (1kg)

$3.54 ISK 446

Onion (1kg)

$2.44 ISK 307

Lettuce (1 head)

$3.17 ISK 399

Water (1.5 liter bottle)

$1.91 ISK 241

Cigarettes 20 Pack (Marlboro, Camel)

$13.42 ISK 1,691

$13.34 ISK 1,680

0.60%

Wine (Bottle)

$24.23 ISK 3,052

Local Beer (0.5 liter bottle)

$3.55 ISK 448

Imported Beer (0.33 liter bottle)

$3.23 ISK 407

Taxi Start (Normal Tariff)

$6.25 ISK 788

Taxi (Normal Tariff) (1km)

$2.52 ISK 317

Taxi 1hour Waiting (Normal Tariff)

$85.2 ISK 10.7K

Gasoline (1 liter)

$2.54 ISK 320

$2.45 ISK 309

3.67%

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

$47.5K ISK 6.0M

$39.6K ISK 5.0M

19.89%

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

$52.2K ISK 6.6M

$63.2K ISK 8.0M

-17.37%

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

$88.1 ISK 11.1K

$120 ISK 15.1K

-26.64%

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

$27.75 ISK 3,496

$25.23 ISK 3,178

9.99%

Internet (50+ Mbps, Unlimited Data)

$85.1 ISK 10.7K

$162 ISK 20.3K

-47.31%

Gym Membership (Monthly)

$82.8 ISK 10.4K

Cinema Ticket

$17.38 ISK 2,189

$15.34 ISK 1,932

13.30%

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

$328 ISK 41.3K

$355 ISK 44.7K

-7.67%

International Primary School, 1 Child (Yearly)

$30.4K ISK 3.8M

Jeans (Levis 501 Or Similar)

$142 ISK 17.8K

$81.7 ISK 10.3K

73.17%

Summer Dress (H&M, Zara, etc)

$62.6 ISK 7,887

Sport Shoes (Adidas, Nike)

$183 ISK 23.0K

$122 ISK 15.4K

49.29%

Men's Leather Business Shoes

$264 ISK 33.2K

1-bedroom Apartment, City Center (Monthly)

$1,740 ISK 219.1K

1-bedroom Apartment, Outside City Center (Monthly)

$1,753 ISK 220.8K

3-bedroom Apartment, Outside City Center (Monthly)

$2,121 ISK 267.1K

Buy Apartment in City Center (m2)

$6,473 ISK 815.3K

Buy Apartment Outside City Center (m2)

$6,305 ISK 794.3K

Average Monthly Net Salary (After Tax)

$5,980 ISK 753.3K

20-Year Fixed Mortgage Interest Rate (Annual %)

9.63

9.4

2.45%

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

Last update for Drangsnes: January 11, 2026

Last update for Akureyri: January 12, 2026

City Median Internet Speeds Comparison (Updated December 2025)

The chart highlights the Precision Threshold for mobile and fixed broadband internet speeds, updated quarterly.

Digital Nomad Cost of Living Index

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