Last update: Nov 2026

Cost of Living Comparison Between Hverageroi and Akureyri

For one person, living is cheaper in Hverageroi: $1,719 a month against $3,106 in Akureyri, rent and utilities included – about $16,600 less a year. Higher rent and utilities in Akureyri outweigh lower spending on other living expenses.

82

Cost of Living Index in Hverageroi
Learn more

Hverageroi Living Index

Jump to prices

Hverageroi

🇮🇸 Iceland

$1,719

/mo nomad

Akureyri

🇮🇸 Iceland

$3,106

/mo nomad

Monthly Cost of Living

How much you'll spend in Hverageroi and in Akureyri

Real prices from locals and on-the-ground checks – rent, groceries, transit and the daily extras. Here's what a month in Hverageroi and in Akureyri actually costs, broken down by who's living it.

A single person spends $1,719 per month in Hverageroi vs $3,106 in Akureyri, rent included.

Hverageroi $1,719
Akureyri $3,106

A couple spends around $2,927 per month in Hverageroi vs $4,170 in Akureyri, rent included.

Hverageroi $2,927
Akureyri $4,170

A family of three spends $4,135 per month in Hverageroi vs $5,234 in Akureyri, rent included.

Hverageroi $4,135
Akureyri $5,234

Hverageroi is about 45% cheaper than Akureyri, and outside of rent the biggest gap is in leisure.

Both Hverageroi and Akureyri sit above the global median – Hverageroi by 27%, Akureyri by 130%.

Meal at Budget Restaurant

$31.27 ISK 3,799

$24.19 ISK 2,939

29.27%

Three-Course Dinner for Two, Mid-Range

$124 ISK 15.1K

$131 ISK 15.9K

-5.36%

Fast Food Meal (McDonalds, etc)

$27.50 ISK 3,341

$22.90 ISK 2,782

20.09%

Cappuccino

$6.74 ISK 819

$4.90 ISK 596

37.55%

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

$3.37 ISK 409

$3.50 ISK 426

-3.71%

Water (0.33 liter bottle)

$3.15 ISK 383

$3.12 ISK 379

0.96%

Local Beer (0.5 liter draught)

$14.10 ISK 1,713

$11.08 ISK 1,347

27.26%

Imported Beer (0.33 liter bottle)

$12.30 ISK 1,495

$9.18 ISK 1,115

33.99%

Milk (1 liter)

$2.02 ISK 246

$2.76 ISK 335

-26.81%

White Bread (500g)

$4.28 ISK 520

$2.40 ISK 291

78.33%

Rice (white) (1kg)

$3.65 ISK 444

$3.05 ISK 370

19.67%

Eggs

$6.90 ISK 838

$7.90 ISK 960

-12.66%

Local Cheese (1kg)

$21.93 ISK 2,665

$15.82 ISK 1,923

38.62%

Chicken Fillets (1kg)

$23.98 ISK 2,914

$24.51 ISK 2,978

-2.16%

Beef Round Steak (1kg)

$41.79 ISK 5,077

Apples (1kg)

$3.36 ISK 408

Banana (1kg)

$2.76 ISK 335

$2.93 ISK 356

-5.80%

Oranges (1kg)

$3.18 ISK 387

$3.50 ISK 426

-9.14%

Tomato (1kg)

$6.38 ISK 775

$5.94 ISK 721

7.41%

Potato (1kg)

$3.91 ISK 475

Onion (1kg)

$1.70 ISK 207

Lettuce (1 head)

$3.62 ISK 440

Water (1.5 liter bottle)

$1.77 ISK 215

Cigarettes 20 Pack (Marlboro, Camel)

$13.81 ISK 1,678

$13.66 ISK 1,659

1.10%

Wine (Bottle)

$23.51 ISK 2,856

Local Beer (0.5 liter bottle)

$3.54 ISK 430

Imported Beer (0.33 liter bottle)

$3.48 ISK 423

Taxi Start (Normal Tariff)

$6.90 ISK 839

Taxi (Normal Tariff) (1km)

$2.90 ISK 352

Taxi 1hour Waiting (Normal Tariff)

$81.7 ISK 9,928

Gasoline (1 liter)

$2.04 ISK 248

$2.53 ISK 307

-19.37%

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

$69.7K ISK 8.5M

$41.2K ISK 5.0M

69.08%

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

$55.0K ISK 6.7M

$65.9K ISK 8.0M

-16.51%

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

$97.0 ISK 11.8K

$125 ISK 15.2K

-22.54%

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

$32.70 ISK 3,973

$25.95 ISK 3,153

26.01%

Internet (50+ Mbps, Unlimited Data)

$85.4 ISK 10.4K

$164 ISK 19.9K

-47.95%

Gym Membership (Monthly)

$85.2 ISK 10.3K

Cinema Ticket

$19.66 ISK 2,389

$15.66 ISK 1,903

25.54%

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

$1,207 ISK 146.7K

$372 ISK 45.2K

224.47%

International Primary School, 1 Child (Yearly)

$26.2K ISK 3.2M

Jeans (Levis 501 Or Similar)

$150 ISK 18.2K

$82.2 ISK 9,987

82.13%

Summer Dress (H&M, Zara, etc)

$66.8 ISK 8,114

Sport Shoes (Adidas, Nike)

$185 ISK 22.5K

$122 ISK 14.8K

51.76%

Men's Leather Business Shoes

$247 ISK 30.0K

1-bedroom Apartment, City Center (Monthly)

$1,807 ISK 219.6K

1-bedroom Apartment, Outside City Center (Monthly)

$1,834 ISK 222.9K

3-bedroom Apartment, Outside City Center (Monthly)

$2,171 ISK 263.8K

Buy Apartment in City Center (m2)

$6,673 ISK 810.8K

Buy Apartment Outside City Center (m2)

$6,448 ISK 783.4K

20-Year Fixed Mortgage Interest Rate (Annual %)

8.81

9.4

-6.28%

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

Last update for Hverageroi: November 1, 2026

Last update for Akureyri: October 31, 2026

Monthly budget structure

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

Groceries & Markets

Hverageroi

$617 35.9%

Akureyri

–

Eating Out

Hverageroi

$535 31.1%

Akureyri

–

Clothing & Footwear

Hverageroi

$292 17%

Akureyri

–

Monthly Utilities & Internet

Hverageroi

$215 12.5%

Akureyri

–

Sport & Entertainment

Hverageroi

$39 * 2.3%

Akureyri

–

Getting Around

Hverageroi

$21 * 1.2%

Akureyri

–

Accommodation & Living

Hverageroi

- * 0%

Akureyri

–

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

Cost Breakdown

A mid-range dinner for two costs $124 in Hverageroi versus $131 in Akureyri. Groceries tell a different story – $617 in Hverageroi vs $327 in Akureyri – so Akureyri wins on supermarket bills even if dining out costs more.

Good to know

🇮🇸 Hverageroi

🇮🇸 Akureyri

🕒 Local time

07:36 7:36 AM

Same time as Hverageroi

🌤 Weather

👥 Population

2,657

19,219

💱 Currency

Icelandic Króna ISK kr

📈 Exchange rate

1,000 ISK = 8.23 USD

1,000 ISK = 7.34 EUR

1,000 ISK = 8.23 USD

1,000 ISK = 7.34 EUR

Exchange rates and currency converter

On the map

Lowest

Highest

Between locations

Hverageroi Akureyri 240 km

From you

Hverageroi
Akureyri

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

Hverageroi vs Akureyri: Cost of Living - Frequently Asked Questions

Yes – Akureyri is pricier by about 81%, and outside of rent the gap shows up most in leisure.

For a comfortable life, plan on about $2,578 per month in Hverageroi and $4,658 in Akureyri. That covers rent, food, utilities, transport, and enough left over to feel settled – not just surviving.

A mid-range dinner for two costs $124 in Hverageroi and $131 in Akureyri. That’s a good indicator of the overall restaurant and café pricing gap between the two cities.

Interestingly, groceries are about 47% cheaper in Akureyri – one category where the pricier city actually offers better value.

A $2,000 monthly budget goes further in Hverageroi, where all-in costs run around $1,719, than in Akureyri at $3,106. In Hverageroi it covers expenses comfortably, while in Akureyri it requires careful planning or may not stretch far enough.

It depends on your priorities. Akureyri has an edge in some lifestyle areas, with costs from $1,719 in Hverageroi to $3,106 in Akureyri. Climate, culture, job market, and personal taste all factor in.

Both cities have a reputation for safety. In either place, the choice of neighborhood matters more than the choice between the two cities.