Last update: Nov 2026

Cost of Living Comparison Between Drangsnes and Akureyri

For one person, living is cheaper in Drangsnes: $1,726 a month against $3,106 in Akureyri, rent and utilities included – about $16,600 less a year. Higher rent and utilities in Akureyri outweigh lower spending on other living expenses.

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Cost of Living Index in Drangsnes
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Drangsnes Living Index

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Drangsnes

🇮🇸 Iceland

$1,726

/mo nomad

Akureyri

🇮🇸 Iceland

$3,106

/mo nomad

Monthly Cost of Living

How much you'll spend in Drangsnes and in Akureyri

Real prices from locals and on-the-ground checks – rent, groceries, transit and the daily extras. Here's what a month in Drangsnes and in Akureyri actually costs, broken down by who's living it.

A single person spends $1,726 per month in Drangsnes vs $3,106 in Akureyri, rent included.

Drangsnes $1,726
Akureyri $3,106

A couple spends around $2,935 per month in Drangsnes vs $4,170 in Akureyri, rent included.

Drangsnes $2,935
Akureyri $4,170

A family of three spends $4,144 per month in Drangsnes vs $5,234 in Akureyri, rent included.

Drangsnes $4,144
Akureyri $5,234

Drangsnes is about 44% cheaper than Akureyri, and outside of rent the biggest gap is in leisure.

Both Drangsnes and Akureyri sit above the global median – Drangsnes by 28%, Akureyri by 130%.

Meal at Budget Restaurant

$31.74 ISK 3,856

$24.19 ISK 2,939

31.21%

Three-Course Dinner for Two, Mid-Range

$122 ISK 14.9K

$131 ISK 15.9K

-6.63%

Fast Food Meal (McDonalds, etc)

$26.90 ISK 3,268

$22.90 ISK 2,782

17.47%

Cappuccino

$6.91 ISK 840

$4.90 ISK 596

41.02%

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

$3.41 ISK 414

$3.50 ISK 426

-2.57%

Water (0.33 liter bottle)

$3.15 ISK 383

$3.12 ISK 379

0.96%

Local Beer (0.5 liter draught)

$14.01 ISK 1,702

$11.08 ISK 1,347

26.44%

Imported Beer (0.33 liter bottle)

$12.12 ISK 1,473

$9.18 ISK 1,115

32.03%

Milk (1 liter)

$2.12 ISK 257

$2.76 ISK 335

-23.19%

White Bread (500g)

$4.23 ISK 514

$2.40 ISK 291

76.25%

Rice (white) (1kg)

$3.65 ISK 444

$3.05 ISK 370

19.67%

Eggs

$6.96 ISK 845

$7.90 ISK 960

-11.90%

Local Cheese (1kg)

$21.86 ISK 2,656

$15.82 ISK 1,923

38.18%

Chicken Fillets (1kg)

$24.27 ISK 2,948

$24.51 ISK 2,978

-0.98%

Beef Round Steak (1kg)

$42.46 ISK 5,159

Apples (1kg)

$3.28 ISK 398

Banana (1kg)

$2.84 ISK 344

$2.93 ISK 356

-3.07%

Oranges (1kg)

$3.17 ISK 385

$3.50 ISK 426

-9.43%

Tomato (1kg)

$6.60 ISK 801

$5.94 ISK 721

11.11%

Potato (1kg)

$3.94 ISK 479

Onion (1kg)

$1.70 ISK 207

Lettuce (1 head)

$3.66 ISK 444

Water (1.5 liter bottle)

$1.74 ISK 212

Cigarettes 20 Pack (Marlboro, Camel)

$13.77 ISK 1,673

$13.66 ISK 1,659

0.81%

Wine (Bottle)

$23.74 ISK 2,885

Local Beer (0.5 liter bottle)

$3.67 ISK 446

Imported Beer (0.33 liter bottle)

$3.49 ISK 424

Taxi Start (Normal Tariff)

$6.64 ISK 806

Taxi (Normal Tariff) (1km)

$2.79 ISK 339

Taxi 1hour Waiting (Normal Tariff)

$80.7 ISK 9,799

Gasoline (1 liter)

$2.11 ISK 256

$2.53 ISK 307

-16.60%

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

$69.7K ISK 8.5M

$41.2K ISK 5.0M

69.14%

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

$55.5K ISK 6.7M

$65.9K ISK 8.0M

-15.83%

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

$95.5 ISK 11.6K

$125 ISK 15.2K

-23.78%

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

$33.11 ISK 4,023

$25.95 ISK 3,153

27.59%

Internet (50+ Mbps, Unlimited Data)

$87.1 ISK 10.6K

$164 ISK 19.9K

-46.88%

Gym Membership (Monthly)

$85.2 ISK 10.3K

Cinema Ticket

$19.31 ISK 2,347

$15.66 ISK 1,903

23.31%

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

$1,168 ISK 142.0K

$372 ISK 45.2K

214.00%

International Primary School, 1 Child (Yearly)

$26.3K ISK 3.2M

Jeans (Levis 501 Or Similar)

$152 ISK 18.5K

$82.2 ISK 9,987

85.08%

Summer Dress (H&M, Zara, etc)

$65.6 ISK 7,971

Sport Shoes (Adidas, Nike)

$179 ISK 21.7K

$122 ISK 14.8K

46.83%

Men's Leather Business Shoes

$248 ISK 30.1K

1-bedroom Apartment, City Center (Monthly)

$1,807 ISK 219.6K

1-bedroom Apartment, Outside City Center (Monthly)

$1,834 ISK 222.9K

3-bedroom Apartment, Outside City Center (Monthly)

$2,171 ISK 263.8K

Buy Apartment in City Center (m2)

$6,673 ISK 810.8K

Buy Apartment Outside City Center (m2)

$6,448 ISK 783.4K

Average Monthly Net Salary (After Tax)

$6,094 ISK 740.4K

20-Year Fixed Mortgage Interest Rate (Annual %)

8.81

9.4

-6.28%

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

Last update for Drangsnes: November 3, 2026

Last update for Akureyri: October 31, 2026

Monthly budget structure

Share of the monthly basket for one person, rent included.

Groceries & Markets

Drangsnes

$623 36.1%

Akureyri

–

Eating Out

Drangsnes

$538 31.2%

Akureyri

–

Clothing & Footwear

Drangsnes

$290 16.8%

Akureyri

–

Monthly Utilities & Internet

Drangsnes

$216 12.5%

Akureyri

–

Sport & Entertainment

Drangsnes

$39 * 2.2%

Akureyri

–

Getting Around

Drangsnes

$21 * 1.2%

Akureyri

–

Accommodation & Living

Drangsnes

- * 0%

Akureyri

–

Categories marked with * are only partly priced – their share counts the items that do have prices.

Cost Breakdown

A mid-range dinner for two costs $122 in Drangsnes versus $131 in Akureyri. Groceries tell a different story – $623 in Drangsnes vs $327 in Akureyri – so Akureyri wins on supermarket bills even if dining out costs more.

Good to know

🇮🇸 Drangsnes

🇮🇸 Akureyri

🕒 Local time

04:16 4:16 AM

Same time as Drangsnes

🌤 Weather

👥 Population

100

19,219

💱 Currency

Icelandic Króna ISK kr

📈 Exchange rate

1,000 ISK = 8.23 USD

1,000 ISK = 7.36 EUR

1,000 ISK = 8.23 USD

1,000 ISK = 7.36 EUR

Exchange rates and currency converter

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Drangsnes Akureyri 150 km

From you

Drangsnes
Akureyri

Distances are measured in a straight line. Your location is detected approximately.

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

Drangsnes vs Akureyri: Cost of Living - Frequently Asked Questions

Yes – Akureyri is pricier by about 80%, and outside of rent the gap shows up most in leisure.

For a comfortable life, plan on about $2,589 per month in Drangsnes and $4,658 in Akureyri. That covers rent, food, utilities, transport, and enough left over to feel settled – not just surviving.

A mid-range dinner for two costs $122 in Drangsnes and $131 in Akureyri. That’s a good indicator of the overall restaurant and café pricing gap between the two cities.

Interestingly, groceries are about 48% cheaper in Akureyri – one category where the pricier city actually offers better value.

A $2,000 monthly budget goes further in Drangsnes, where all-in costs run around $1,726, than in Akureyri at $3,106. In Drangsnes it covers expenses comfortably, while in Akureyri it requires careful planning or may not stretch far enough.

It depends on your priorities. Akureyri has an edge in some lifestyle areas, with costs from $1,726 in Drangsnes to $3,106 in Akureyri. Climate, culture, job market, and personal taste all factor in.

Both cities have a reputation for safety. In either place, the choice of neighborhood matters more than the choice between the two cities.