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

😐 Solo nomad: Drangsnes is 74.4% more expensive than Akureyri without rent, and 45.1% cheaper with rent.

😐 Family of 3: Drangsnes is 30.3% more expensive than Akureyri without rent, and 16% cheaper with rent.

Meal at Budget Restaurant

$27.44 ISK 3,434

$24.36 ISK 3,049

12.64%

Three-Course Dinner for Two, Mid-Range

$142 ISK 17.8K

$129 ISK 16.1K

10.53%

Fast Food Meal (McDonalds, etc)

$22.81 ISK 2,855

$22.26 ISK 2,786

2.47%

Cappuccino

$6.01 ISK 752

$4.94 ISK 618

21.66%

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

$3.26 ISK 408

$3.40 ISK 426

-4.12%

Water (0.33 liter bottle)

$2.56 ISK 320

$2.94 ISK 368

-12.93%

Local Beer (0.5 liter draught)

$12.62 ISK 1,580

$10.83 ISK 1,355

16.53%

Imported Beer (0.33 liter bottle)

$11.04 ISK 1,381

$9.15 ISK 1,145

20.66%

Milk (1 liter)

$1.92 ISK 240

$2.75 ISK 344

-30.18%

White Bread (500g)

$4.31 ISK 540

$2.26 ISK 282

90.71%

Rice (white) (1kg)

$3.70 ISK 464

$2.97 ISK 372

24.58%

Eggs

$6.23 ISK 780

$8.20 ISK 1,026

-24.02%

Local Cheese (1kg)

$18.39 ISK 2,301

Chicken Fillets (1kg)

$24.00 ISK 3,004

$23.90 ISK 2,991

0.42%

Beef Round Steak (1kg)

$41.82 ISK 5,234

Apples (1kg)

$3.23 ISK 405

Banana (1kg)

$2.54 ISK 318

Oranges (1kg)

$3.02 ISK 377

Tomato (1kg)

$4.93 ISK 617

Potato (1kg)

$3.57 ISK 447

Onion (1kg)

$2.39 ISK 299

Lettuce (1 head)

$3.16 ISK 396

Water (1.5 liter bottle)

$1.91 ISK 239

Cigarettes 20 Pack (Marlboro, Camel)

$13.75 ISK 1,721

$13.29 ISK 1,663

3.46%

Wine (Bottle)

$24.27 ISK 3,038

Local Beer (0.5 liter bottle)

$3.56 ISK 446

Imported Beer (0.33 liter bottle)

$3.23 ISK 404

Taxi Start (Normal Tariff)

$6.39 ISK 800

Taxi (Normal Tariff) (1km)

$2.54 ISK 318

Taxi 1hour Waiting (Normal Tariff)

$86.9 ISK 10.9K

Gasoline (1 liter)

$2.48 ISK 311

$2.58 ISK 323

-3.88%

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

$47.6K ISK 6.0M

$39.8K ISK 5.0M

19.59%

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

$52.6K ISK 6.6M

$64.6K ISK 8.1M

-18.68%

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

$87.2 ISK 10.9K

$120 ISK 15.0K

-27.42%

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

$27.39 ISK 3,428

$25.46 ISK 3,186

7.58%

Internet (50+ Mbps, Unlimited Data)

$85.6 ISK 10.7K

$160 ISK 20.0K

-46.52%

Gym Membership (Monthly)

$82.2 ISK 10.3K

Cinema Ticket

$17.47 ISK 2,186

$14.83 ISK 1,856

17.80%

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

$315 ISK 39.5K

$355 ISK 44.4K

-11.04%

International Primary School, 1 Child (Yearly)

$29.7K ISK 3.7M

Jeans (Levis 501 Or Similar)

$139 ISK 17.4K

$80.5 ISK 10.1K

72.41%

Summer Dress (H&M, Zara, etc)

$62.8 ISK 7,860

Sport Shoes (Adidas, Nike)

$186 ISK 23.3K

$120 ISK 15.0K

54.94%

Men's Leather Business Shoes

$270 ISK 33.7K

1-bedroom Apartment, City Center (Monthly)

$1,742 ISK 217.9K

1-bedroom Apartment, Outside City Center (Monthly)

$1,788 ISK 223.8K

3-bedroom Apartment, Outside City Center (Monthly)

$2,094 ISK 262.0K

Buy Apartment in City Center (m2)

$6,470 ISK 809.7K

Buy Apartment Outside City Center (m2)

$6,520 ISK 816.0K

Average Monthly Net Salary (After Tax)

$6,007 ISK 751.7K

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: March 1, 2026

Last update for Akureyri: March 3, 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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