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

😐 Solo nomad: Grundarfjordur is 44.3% more expensive than Akureyri without rent, and 44.3% cheaper with rent.

😐 Family of 3: Grundarfjordur is 56.3% more expensive than Akureyri without rent, and 17.2% cheaper with rent.

Meal at Budget Restaurant

$27.16 ISK 3,398

$24.36 ISK 3,048

11.49%

Three-Course Dinner for Two, Mid-Range

$146 ISK 18.2K

$129 ISK 16.1K

13.34%

Fast Food Meal (McDonalds, etc)

$22.44 ISK 2,808

$22.26 ISK 2,785

0.81%

Cappuccino

$6.02 ISK 753

$4.94 ISK 618

21.86%

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

$3.26 ISK 408

$3.40 ISK 426

-4.12%

Water (0.33 liter bottle)

$2.55 ISK 319

$2.94 ISK 368

-13.27%

Local Beer (0.5 liter draught)

$12.75 ISK 1,596

$10.83 ISK 1,355

17.73%

Imported Beer (0.33 liter bottle)

$11.37 ISK 1,423

$9.15 ISK 1,145

24.26%

Milk (1 liter)

$1.97 ISK 246

$2.75 ISK 343

-28.36%

White Bread (500g)

$4.31 ISK 539

$2.26 ISK 282

90.71%

Rice (white) (1kg)

$3.56 ISK 446

$2.97 ISK 372

19.87%

Eggs

$6.44 ISK 806

$8.20 ISK 1,026

-21.46%

Local Cheese (1kg)

$17.88 ISK 2,237

Chicken Fillets (1kg)

$23.87 ISK 2,987

$23.90 ISK 2,991

-0.13%

Beef Round Steak (1kg)

$42.87 ISK 5,365

Apples (1kg)

$3.26 ISK 408

Banana (1kg)

$2.44 ISK 306

Oranges (1kg)

$2.97 ISK 371

Tomato (1kg)

$4.97 ISK 622

Potato (1kg)

$3.70 ISK 463

Onion (1kg)

$2.44 ISK 305

Lettuce (1 head)

$3.02 ISK 378

Water (1.5 liter bottle)

$2.00 ISK 250

Cigarettes 20 Pack (Marlboro, Camel)

$13.88 ISK 1,737

$13.29 ISK 1,663

4.44%

Wine (Bottle)

$23.75 ISK 2,971

Local Beer (0.5 liter bottle)

$3.55 ISK 444

Imported Beer (0.33 liter bottle)

$3.37 ISK 422

Taxi Start (Normal Tariff)

$6.37 ISK 798

Taxi (Normal Tariff) (1km)

$2.65 ISK 332

Taxi 1hour Waiting (Normal Tariff)

$84.5 ISK 10.6K

Gasoline (1 liter)

$2.53 ISK 316

$2.58 ISK 323

-1.94%

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

$46.5K ISK 5.8M

$39.8K ISK 5.0M

16.78%

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

$51.5K ISK 6.4M

$64.6K ISK 8.1M

-20.33%

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

$86.3 ISK 10.8K

$120 ISK 15.0K

-28.19%

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

$27.56 ISK 3,448

$25.46 ISK 3,186

8.25%

Internet (50+ Mbps, Unlimited Data)

$83.9 ISK 10.5K

$160 ISK 20.0K

-47.58%

Gym Membership (Monthly)

$82.2 ISK 10.3K

Cinema Ticket

$17.84 ISK 2,232

$14.83 ISK 1,855

20.30%

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

$315 ISK 39.4K

$355 ISK 44.4K

-11.10%

International Primary School, 1 Child (Yearly)

$29.9K ISK 3.7M

Jeans (Levis 501 Or Similar)

$139 ISK 17.4K

$80.5 ISK 10.1K

73.17%

Summer Dress (H&M, Zara, etc)

$61.0 ISK 7,638

Sport Shoes (Adidas, Nike)

$179 ISK 22.4K

$120 ISK 15.0K

49.28%

Men's Leather Business Shoes

$267 ISK 33.4K

1-bedroom Apartment, City Center (Monthly)

$1,742 ISK 217.9K

1-bedroom Apartment, Outside City Center (Monthly)

$1,788 ISK 223.8K

3-bedroom Apartment, Outside City Center (Monthly)

$2,094 ISK 262.0K

Buy Apartment in City Center (m2)

$6,470 ISK 809.6K

Buy Apartment Outside City Center (m2)

$1,171 ISK 146.6K

$6,520 ISK 815.9K

-82.03%

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: March 3, 2026

Last update for Akureyri: March 3, 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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