Cost of Living Comparison Between Drangsnes and Selfoss Cost of Living Comparison Between Drangsnes and Selfoss

Monthly Cost of Living

Monthly costs for one person with rent: $1,602 in Drangsnes versus $3,462 in Selfoss.

Estimated couple costs with rent: $2,826 in Drangsnes versus $2,428 in Selfoss.

Monthly costs for a family of three with rent: $4,050 in Drangsnes versus $1,394 in Selfoss.

Living in Drangsnes costs roughly 54% less than in Selfoss, driven mainly by Eating Out.

Both cities are pricier than the global median: Drangsnes 20% above, Selfoss 160% above.

Meal at Budget Restaurant

$27.09 ISK 3,349

Three-Course Dinner for Two, Mid-Range

$146 ISK 18.0K

Fast Food Meal (McDonalds, etc)

$22.43 ISK 2,772

$20.38 ISK 2,519

10.06%

Cappuccino

$6.21 ISK 767

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

$3.37 ISK 416

Water (0.33 liter bottle)

$2.56 ISK 316

Local Beer (0.5 liter draught)

$12.80 ISK 1,582

$11.83 ISK 1,462

8.20%

Imported Beer (0.33 liter bottle)

$11.29 ISK 1,396

Milk (1 liter)

$1.96 ISK 243

$1.74 ISK 215

12.64%

White Bread (500g)

$4.35 ISK 537

$7.09 ISK 876

-38.65%

Rice (white) (1kg)

$3.67 ISK 453

$4.28 ISK 529

-14.25%

Eggs

$6.48 ISK 801

$6.43 ISK 795

0.78%

Local Cheese (1kg)

$18.10 ISK 2,237

$16.96 ISK 2,096

6.72%

Chicken Fillets (1kg)

$24.54 ISK 3,033

$20.63 ISK 2,549

18.95%

Beef Round Steak (1kg)

$41.85 ISK 5,172

$32.75 ISK 4,047

27.79%

Apples (1kg)

$3.21 ISK 397

$2.69 ISK 333

19.33%

Banana (1kg)

$2.46 ISK 304

$2.65 ISK 328

-7.17%

Oranges (1kg)

$3.11 ISK 384

$2.61 ISK 323

19.16%

Tomato (1kg)

$5.14 ISK 636

$7.27 ISK 898

-29.30%

Potato (1kg)

$3.72 ISK 459

$3.18 ISK 393

16.98%

Onion (1kg)

$2.32 ISK 286

$2.07 ISK 256

12.08%

Lettuce (1 head)

$3.04 ISK 376

$3.56 ISK 440

-14.61%

Water (1.5 liter bottle)

$2.01 ISK 249

$1.38 ISK 171

45.65%

Cigarettes 20 Pack (Marlboro, Camel)

$13.39 ISK 1,655

$15.41 ISK 1,904

-13.11%

Wine (Bottle)

$23.52 ISK 2,907

Local Beer (0.5 liter bottle)

$3.57 ISK 441

Imported Beer (0.33 liter bottle)

$3.26 ISK 403

$1.14 ISK 141

185.96%

Taxi Start (Normal Tariff)

$6.33 ISK 782

Taxi (Normal Tariff) (1km)

$2.65 ISK 327

Taxi 1hour Waiting (Normal Tariff)

$85.5 ISK 10.6K

Gasoline (1 liter)

$2.53 ISK 313

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

$46.9K ISK 5.8M

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

$52.7K ISK 6.5M

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

$86.7 ISK 10.7K

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

$27.67 ISK 3,420

Internet (50+ Mbps, Unlimited Data)

$85.9 ISK 10.6K

Cinema Ticket

$17.91 ISK 2,213

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

$315 ISK 38.9K

International Primary School, 1 Child (Yearly)

$29.5K ISK 3.6M

Jeans (Levis 501 Or Similar)

$139 ISK 17.2K

Summer Dress (H&M, Zara, etc)

$60.9 ISK 7,523

Sport Shoes (Adidas, Nike)

$184 ISK 22.8K

Men's Leather Business Shoes

$266 ISK 32.9K

1-bedroom Apartment, Outside City Center (Monthly)

$2,903 ISK 358.8K

Average Monthly Net Salary (After Tax)

$5,921 ISK 731.8K

20-Year Fixed Mortgage Interest Rate (Annual %)

9.63

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

Last update for Drangsnes: July 26, 2026

Last update for Selfoss: July 25, 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

Drangsnes vs Selfoss: Cost of Living - Frequently Asked Questions

Drangsnes and Selfoss differ by about 116% in total monthly costs ($1,602 vs $3,462 including rent). Drangsnes is meaningfully more affordable – a gap that matters a lot on a fixed or modest income.

You'd need roughly $2,403 in Drangsnes and $5,192 in Selfoss to live well. The gap comes down to housing and overall price levels. Both cities are liveable on less, but these numbers represent actual comfort.

Shoppers in Selfoss pay roughly 18% less for everyday groceries. It's an unusual reversal that partly offsets higher costs elsewhere.

All in, you'll spend $1,602 per month in Drangsnes versus $3,462 in Selfoss – a 116% gap that adds up to real savings over time for anyone picking the cheaper option.

At $1,602 in Drangsnes versus $3,462 in Selfoss, a $2,000 budget is realistic in Drangsnes but tight or insufficient in Selfoss. The gap between the two cities makes Drangsnes the clear choice for anyone on this budget.

Both cities offer a good standard of living with different trade-offs. Neither is objectively better – the right pick depends on what matters most: affordability, career, cultural scene, or climate.

Safety-wise, Drangsnes and Selfoss are on par. Petty crime is typical for cities this size, and most residents feel comfortable going about their daily routines in either place.

Expats usually find Drangsnes gentler on the wallet – expenses run 116% less than in Selfoss. Beyond cost, consider language, visa policies, and how big the international community is in each city.