Last update: Nov 2026

Cost of Living Comparison Between Drangsnes and Selfoss

For one person, living is cheaper in Drangsnes: $1,726 a month against $3,397 in Selfoss, rent and utilities included – about $20,100 less a year. Higher rent and utilities in Selfoss 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

Selfoss

🇮🇸 Iceland

$3,397

/mo nomad

Monthly Cost of Living

How much you'll spend in Drangsnes and in Selfoss

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 Selfoss actually costs, broken down by who's living it.

Monthly costs for one person with rent: $1,726 in Drangsnes versus $3,397 in Selfoss.

Drangsnes $1,726
Selfoss $3,397

Estimated couple costs with rent: $2,935 in Drangsnes versus $2,424 in Selfoss.

Drangsnes $2,935
Selfoss $2,424

Monthly costs for a family of three with rent: $4,144 in Drangsnes versus $1,451 in Selfoss.

Drangsnes $4,144
Selfoss $1,451

Living in Drangsnes costs roughly 49% less than in Selfoss.

Both cities are pricier than the global median: Drangsnes 28% above, Selfoss 151% above.

Meal at Budget Restaurant

$31.74 ISK 3,853

Three-Course Dinner for Two, Mid-Range

$122 ISK 14.9K

Fast Food Meal (McDonalds, etc)

$26.90 ISK 3,266

$20.19 ISK 2,451

33.23%

Cappuccino

$6.91 ISK 839

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

$3.41 ISK 414

Water (0.33 liter bottle)

$3.15 ISK 383

Local Beer (0.5 liter draught)

$14.01 ISK 1,700

$12.45 ISK 1,511

12.53%

Imported Beer (0.33 liter bottle)

$12.12 ISK 1,471

Milk (1 liter)

$2.12 ISK 257

$1.76 ISK 214

20.45%

White Bread (500g)

$4.23 ISK 514

$7.43 ISK 902

-43.07%

Rice (white) (1kg)

$3.65 ISK 444

$4.37 ISK 531

-16.48%

Eggs

$6.96 ISK 845

$6.34 ISK 770

9.78%

Local Cheese (1kg)

$21.86 ISK 2,654

$16.92 ISK 2,054

29.20%

Chicken Fillets (1kg)

$24.27 ISK 2,946

$21.39 ISK 2,597

13.46%

Beef Round Steak (1kg)

$42.46 ISK 5,155

$33.81 ISK 4,104

25.58%

Apples (1kg)

$3.28 ISK 398

$2.83 ISK 343

15.90%

Banana (1kg)

$2.84 ISK 344

$2.59 ISK 314

9.65%

Oranges (1kg)

$3.17 ISK 385

$2.68 ISK 325

18.28%

Tomato (1kg)

$6.60 ISK 801

$7.37 ISK 895

-10.45%

Potato (1kg)

$3.94 ISK 478

$3.11 ISK 378

26.69%

Onion (1kg)

$1.70 ISK 207

$2.16 ISK 262

-21.30%

Lettuce (1 head)

$3.66 ISK 444

$3.49 ISK 424

4.87%

Water (1.5 liter bottle)

$1.74 ISK 212

$1.40 ISK 170

24.29%

Cigarettes 20 Pack (Marlboro, Camel)

$13.77 ISK 1,671

$15.52 ISK 1,884

-11.28%

Wine (Bottle)

$23.74 ISK 2,882

Local Beer (0.5 liter bottle)

$3.67 ISK 445

Imported Beer (0.33 liter bottle)

$3.49 ISK 424

$1.16 ISK 141

200.86%

Taxi Start (Normal Tariff)

$6.64 ISK 806

Taxi (Normal Tariff) (1km)

$2.79 ISK 339

Taxi 1hour Waiting (Normal Tariff)

$80.7 ISK 9,791

Gasoline (1 liter)

$2.11 ISK 256

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

$69.7K ISK 8.5M

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

$55.5K ISK 6.7M

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

$95.5 ISK 11.6K

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

$33.11 ISK 4,019

Internet (50+ Mbps, Unlimited Data)

$87.1 ISK 10.6K

Cinema Ticket

$19.31 ISK 2,345

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

$1,168 ISK 141.9K

International Primary School, 1 Child (Yearly)

$26.3K ISK 3.2M

Jeans (Levis 501 Or Similar)

$152 ISK 18.5K

Summer Dress (H&M, Zara, etc)

$65.6 ISK 7,965

Sport Shoes (Adidas, Nike)

$179 ISK 21.7K

Men's Leather Business Shoes

$248 ISK 30.1K

1-bedroom Apartment, Outside City Center (Monthly)

$2,756 ISK 334.6K

Average Monthly Net Salary (After Tax)

$6,094 ISK 739.8K

20-Year Fixed Mortgage Interest Rate (Annual %)

8.81

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

Last update for Drangsnes: November 3, 2026

Last update for Selfoss: November 1, 2026

Monthly budget structure

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

Groceries & Markets

Drangsnes

$623 36.1%

Selfoss

–

Eating Out

Drangsnes

$538 31.2%

Selfoss

–

Clothing & Footwear

Drangsnes

$290 16.8%

Selfoss

–

Monthly Utilities & Internet

Drangsnes

$216 12.5%

Selfoss

–

Sport & Entertainment

Drangsnes

$39 * 2.2%

Selfoss

–

Getting Around

Drangsnes

$21 * 1.2%

Selfoss

–

Accommodation & Living

Drangsnes

- * 0%

Selfoss

–

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

Good to know

🇮🇸 Drangsnes

🇮🇸 Selfoss

🕒 Local time

04:42 4:42 AM

Same time as Drangsnes

🌤 Weather

👥 Population

100

9,000

💱 Currency

Icelandic Króna ISK kr

📈 Exchange rate

1,000 ISK = 8.24 USD

1,000 ISK = 7.37 EUR

1,000 ISK = 8.24 USD

1,000 ISK = 7.37 EUR

Exchange rates and currency converter

On the map

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Drangsnes Selfoss 200 km

From you

Drangsnes
Selfoss

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 Selfoss: Cost of Living - Frequently Asked Questions

You’d need roughly $2,589 in Drangsnes and $5,095 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 17% less for everyday groceries. It’s an unusual reversal that partly offsets higher costs elsewhere.

All in, you’ll spend $1,726 per month in Drangsnes versus $3,397 in Selfoss – Drangsnes is about 49% cheaper, which adds up to real savings over time.

At $1,726 in Drangsnes versus $3,397 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 both considered safe, so it’s unlikely to be the deciding factor between them.