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

😐 Solo nomad: Grundarfjordur is 56.9% more expensive than Akureyri without rent, and 44.2% cheaper with rent.

😐 Family of 3: Grundarfjordur is 46.5% more expensive than Akureyri without rent, and 15.7% cheaper with rent.

Meal at Budget Restaurant

$27.43 ISK 3,354

$24.07 ISK 2,943

13.96%

Three-Course Dinner for Two, Mid-Range

$142 ISK 17.3K

$130 ISK 15.9K

9.11%

Fast Food Meal (McDonalds, etc)

$22.87 ISK 2,797

$22.08 ISK 2,700

3.58%

Cappuccino

$6.26 ISK 766

$4.74 ISK 579

32.07%

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

$3.38 ISK 414

$3.44 ISK 420

-1.74%

Water (0.33 liter bottle)

$2.54 ISK 311

$3.10 ISK 379

-18.06%

Local Beer (0.5 liter draught)

$12.99 ISK 1,588

$11.06 ISK 1,352

17.45%

Imported Beer (0.33 liter bottle)

$11.22 ISK 1,372

$9.48 ISK 1,159

18.35%

Milk (1 liter)

$1.94 ISK 238

$2.83 ISK 346

-31.45%

White Bread (500g)

$4.25 ISK 520

$2.23 ISK 273

90.58%

Rice (white) (1kg)

$3.60 ISK 440

$3.13 ISK 383

15.02%

Eggs

$6.53 ISK 798

$8.01 ISK 979

-18.48%

Local Cheese (1kg)

$18.24 ISK 2,230

Chicken Fillets (1kg)

$23.91 ISK 2,923

$24.08 ISK 2,944

-0.71%

Beef Round Steak (1kg)

$42.45 ISK 5,191

Apples (1kg)

$3.30 ISK 403

Banana (1kg)

$2.51 ISK 307

Oranges (1kg)

$3.00 ISK 367

Tomato (1kg)

$5.12 ISK 626

Potato (1kg)

$3.66 ISK 447

Onion (1kg)

$2.36 ISK 289

Lettuce (1 head)

$3.16 ISK 387

Water (1.5 liter bottle)

$1.92 ISK 235

Cigarettes 20 Pack (Marlboro, Camel)

$13.89 ISK 1,698

$13.21 ISK 1,616

5.15%

Wine (Bottle)

$24.24 ISK 2,964

Local Beer (0.5 liter bottle)

$3.64 ISK 445

Imported Beer (0.33 liter bottle)

$3.36 ISK 410

Taxi Start (Normal Tariff)

$6.47 ISK 791

Taxi (Normal Tariff) (1km)

$2.66 ISK 326

Taxi 1hour Waiting (Normal Tariff)

$84.4 ISK 10.3K

Gasoline (1 liter)

$2.56 ISK 314

$2.53 ISK 309

1.19%

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

$46.5K ISK 5.7M

$39.7K ISK 4.9M

17.08%

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

$53.3K ISK 6.5M

$65.4K ISK 8.0M

-18.56%

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

$87.3 ISK 10.7K

$119 ISK 14.5K

-26.48%

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

$27.35 ISK 3,344

$25.31 ISK 3,095

8.06%

Internet (50+ Mbps, Unlimited Data)

$85.5 ISK 10.5K

$159 ISK 19.5K

-46.33%

Gym Membership (Monthly)

$83.1 ISK 10.2K

Cinema Ticket

$17.41 ISK 2,129

$15.01 ISK 1,835

15.99%

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

$317 ISK 38.8K

$356 ISK 43.5K

-10.87%

International Primary School, 1 Child (Yearly)

$30.4K ISK 3.7M

Jeans (Levis 501 Or Similar)

$141 ISK 17.2K

$81.5 ISK 9,965

72.55%

Summer Dress (H&M, Zara, etc)

$62.3 ISK 7,621

Sport Shoes (Adidas, Nike)

$185 ISK 22.6K

$122 ISK 14.9K

51.81%

Men's Leather Business Shoes

$264 ISK 32.2K

1-bedroom Apartment, City Center (Monthly)

$1,794 ISK 219.4K

1-bedroom Apartment, Outside City Center (Monthly)

$1,784 ISK 218.2K

3-bedroom Apartment, Outside City Center (Monthly)

$2,116 ISK 258.7K

Buy Apartment in City Center (m2)

$6,507 ISK 795.6K

Buy Apartment Outside City Center (m2)

$1,190 ISK 145.5K

$6,582 ISK 804.8K

-81.92%

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: February 12, 2026

Last update for Akureyri: February 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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