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: $1,626 in Drangsnes versus $3,533 in Selfoss.

Estimated couple costs with rent: $2,819 in Drangsnes versus $2,478 in Selfoss.

Monthly costs for a family of three with rent: $4,011 in Drangsnes versus $1,422 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 21% above, Selfoss 163% above.

Meal at Budget Restaurant

$26.50 ISK 3,299

Three-Course Dinner for Two, Mid-Range

$142 ISK 17.7K

Fast Food Meal (McDonalds, etc)

$22.26 ISK 2,771

$19.63 ISK 2,444

13.40%

Cappuccino

$6.19 ISK 770

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

$3.35 ISK 416

Water (0.33 liter bottle)

$2.53 ISK 315

Local Beer (0.5 liter draught)

$12.82 ISK 1,596

$12.26 ISK 1,527

4.57%

Imported Beer (0.33 liter bottle)

$11.30 ISK 1,407

Milk (1 liter)

$1.95 ISK 243

$1.75 ISK 218

11.43%

White Bread (500g)

$4.17 ISK 520

$7.42 ISK 924

-43.80%

Rice (white) (1kg)

$3.72 ISK 463

$4.32 ISK 538

-13.89%

Eggs

$6.48 ISK 807

$6.22 ISK 774

4.18%

Local Cheese (1kg)

$17.82 ISK 2,219

$16.97 ISK 2,113

5.01%

Chicken Fillets (1kg)

$24.04 ISK 2,992

$21.17 ISK 2,635

13.56%

Beef Round Steak (1kg)

$42.42 ISK 5,281

$33.10 ISK 4,121

28.16%

Apples (1kg)

$3.37 ISK 420

$2.76 ISK 344

22.10%

Banana (1kg)

$2.43 ISK 303

$2.59 ISK 322

-6.18%

Oranges (1kg)

$3.08 ISK 384

$2.57 ISK 320

19.84%

Tomato (1kg)

$4.95 ISK 617

$7.15 ISK 891

-30.77%

Potato (1kg)

$3.65 ISK 455

$3.14 ISK 391

16.24%

Onion (1kg)

$2.34 ISK 292

$2.07 ISK 257

13.04%

Lettuce (1 head)

$3.04 ISK 378

$3.59 ISK 447

-15.32%

Water (1.5 liter bottle)

$1.99 ISK 248

$1.34 ISK 167

48.51%

Cigarettes 20 Pack (Marlboro, Camel)

$13.69 ISK 1,705

$15.37 ISK 1,914

-10.93%

Wine (Bottle)

$23.18 ISK 2,885

Local Beer (0.5 liter bottle)

$3.67 ISK 456

Imported Beer (0.33 liter bottle)

$3.35 ISK 417

$1.10 ISK 137

204.55%

Taxi Start (Normal Tariff)

$6.18 ISK 769

Taxi (Normal Tariff) (1km)

$2.66 ISK 331

Taxi 1hour Waiting (Normal Tariff)

$87.2 ISK 10.9K

Gasoline (1 liter)

$2.56 ISK 318

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

$47.0K ISK 5.9M

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

$52.3K ISK 6.5M

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

$89.1 ISK 11.1K

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

$27.79 ISK 3,459

Internet (50+ Mbps, Unlimited Data)

$84.0 ISK 10.5K

Cinema Ticket

$17.66 ISK 2,199

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

$318 ISK 39.6K

International Primary School, 1 Child (Yearly)

$29.6K ISK 3.7M

Jeans (Levis 501 Or Similar)

$142 ISK 17.6K

Summer Dress (H&M, Zara, etc)

$62.6 ISK 7,790

Sport Shoes (Adidas, Nike)

$182 ISK 22.7K

Men's Leather Business Shoes

$267 ISK 33.3K

1-bedroom Apartment, Outside City Center (Monthly)

$2,884 ISK 359.0K

Average Monthly Net Salary (After Tax)

$5,964 ISK 742.5K

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: June 8, 2026

Last update for Selfoss: June 8, 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 117% in total monthly costs ($1,626 vs $3,533 including rent). Drangsnes is meaningfully more affordable – a gap that matters a lot on a fixed or modest income.

You'd need roughly $2,439 in Drangsnes and $5,299 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 16% less for everyday groceries. It's an unusual reversal that partly offsets higher costs elsewhere.

All in, you'll spend $1,626 per month in Drangsnes versus $3,533 in Selfoss – a 117% gap that adds up to real savings over time for anyone picking the cheaper option.

At $1,626 in Drangsnes versus $3,533 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 117% less than in Selfoss. Beyond cost, consider language, visa policies, and how big the international community is in each city.