Cost of Living Comparison Between Grundarfjordur and Akureyri Cost of Living Comparison Between Grundarfjordur and Akureyri

😐 Solo nomad: Grundarfjordur is 45% more expensive than Akureyri without rent, and 45% cheaper with rent.

😐 Family of 3: Grundarfjordur is 69.2% more expensive than Akureyri without rent, and 17.3% cheaper with rent.

Meal at Budget Restaurant

$26.40 ISK 3,325

$23.74 ISK 2,990

11.20%

Three-Course Dinner for Two, Mid-Range

$146 ISK 18.4K

$131 ISK 16.5K

11.76%

Fast Food Meal (McDonalds, etc)

$22.44 ISK 2,826

$22.36 ISK 2,816

0.36%

Cappuccino

$6.22 ISK 784

$4.82 ISK 607

29.05%

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

$3.26 ISK 410

$3.44 ISK 434

-5.23%

Water (0.33 liter bottle)

$2.61 ISK 329

$3.05 ISK 385

-14.43%

Local Beer (0.5 liter draught)

$13.02 ISK 1,640

$11.05 ISK 1,391

17.83%

Imported Beer (0.33 liter bottle)

$11.37 ISK 1,432

$9.27 ISK 1,168

22.65%

Milk (1 liter)

$1.88 ISK 237

$2.73 ISK 344

-31.14%

White Bread (500g)

$4.28 ISK 540

$2.23 ISK 281

91.93%

Rice (white) (1kg)

$3.59 ISK 452

$3.06 ISK 386

17.32%

Eggs

$6.36 ISK 801

$8.24 ISK 1,038

-22.82%

Local Cheese (1kg)

$18.19 ISK 2,292

Chicken Fillets (1kg)

$23.73 ISK 2,990

$24.39 ISK 3,072

-2.71%

Beef Round Steak (1kg)

$42.57 ISK 5,362

Apples (1kg)

$3.31 ISK 417

Banana (1kg)

$2.49 ISK 313

Oranges (1kg)

$3.03 ISK 381

Tomato (1kg)

$4.88 ISK 614

Potato (1kg)

$3.66 ISK 460

Onion (1kg)

$2.32 ISK 293

Lettuce (1 head)

$3.14 ISK 395

Water (1.5 liter bottle)

$1.99 ISK 251

Cigarettes 20 Pack (Marlboro, Camel)

$13.82 ISK 1,741

$13.34 ISK 1,680

3.60%

Wine (Bottle)

$24.19 ISK 3,047

Local Beer (0.5 liter bottle)

$3.73 ISK 470

Imported Beer (0.33 liter bottle)

$3.36 ISK 423

Taxi Start (Normal Tariff)

$6.50 ISK 819

Taxi (Normal Tariff) (1km)

$2.52 ISK 317

Taxi 1hour Waiting (Normal Tariff)

$85.5 ISK 10.8K

Gasoline (1 liter)

$2.55 ISK 321

$2.45 ISK 309

4.08%

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

$46.7K ISK 5.9M

$39.6K ISK 5.0M

17.80%

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

$53.0K ISK 6.7M

$63.2K ISK 8.0M

-16.17%

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

$87.6 ISK 11.0K

$120 ISK 15.1K

-27.03%

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

$27.54 ISK 3,469

$25.23 ISK 3,178

9.16%

Internet (50+ Mbps, Unlimited Data)

$84.7 ISK 10.7K

$162 ISK 20.3K

-47.58%

Gym Membership (Monthly)

$82.8 ISK 10.4K

Cinema Ticket

$17.42 ISK 2,195

$15.34 ISK 1,932

13.56%

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

$325 ISK 41.0K

$355 ISK 44.7K

-8.26%

International Primary School, 1 Child (Yearly)

$30.2K ISK 3.8M

Jeans (Levis 501 Or Similar)

$139 ISK 17.5K

$81.7 ISK 10.3K

69.95%

Summer Dress (H&M, Zara, etc)

$61.3 ISK 7,727

Sport Shoes (Adidas, Nike)

$184 ISK 23.2K

$122 ISK 15.4K

50.51%

Men's Leather Business Shoes

$267 ISK 33.6K

1-bedroom Apartment, City Center (Monthly)

$1,740 ISK 219.1K

1-bedroom Apartment, Outside City Center (Monthly)

$1,753 ISK 220.8K

3-bedroom Apartment, Outside City Center (Monthly)

$2,121 ISK 267.1K

Buy Apartment in City Center (m2)

$6,473 ISK 815.3K

Buy Apartment Outside City Center (m2)

$1,181 ISK 148.8K

$6,305 ISK 794.3K

-81.27%

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 Grundarfjordur: January 12, 2026

Last update for Akureyri: January 12, 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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