Cost of Living Comparison Between Keflavik and Akureyri Cost of Living Comparison Between Keflavik and Akureyri

😐 Solo nomad: Keflavik is 45.8% more expensive than Akureyri without rent, and 1.7% cheaper with rent.

😐 Family of 3: Keflavik is 76.3% more expensive than Akureyri without rent, and 21% more expensive with rent.

Meal at Budget Restaurant

$23.80 ISK 2,998

$23.74 ISK 2,990

0.25%

Three-Course Dinner for Two, Mid-Range

$143 ISK 18.0K

$131 ISK 16.5K

9.64%

Fast Food Meal (McDonalds, etc)

$20.37 ISK 2,565

$22.36 ISK 2,816

-8.90%

Cappuccino

$4.11 ISK 518

$4.82 ISK 607

-14.73%

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

$3.26 ISK 411

$3.44 ISK 434

-5.23%

Water (0.33 liter bottle)

$2.55 ISK 321

$3.05 ISK 385

-16.39%

Local Beer (0.5 liter draught)

$7.82 ISK 986

$11.05 ISK 1,391

-29.23%

Imported Beer (0.33 liter bottle)

$8.01 ISK 1,010

$9.27 ISK 1,168

-13.59%

Milk (1 liter)

$1.97 ISK 248

$2.73 ISK 344

-27.84%

White Bread (500g)

$4.35 ISK 548

$2.23 ISK 281

95.07%

Rice (white) (1kg)

$2.39 ISK 301

$3.06 ISK 386

-21.90%

Eggs

$6.34 ISK 799

$8.24 ISK 1,038

-23.06%

Local Cheese (1kg)

$17.88 ISK 2,253

Chicken Fillets (1kg)

$24.13 ISK 3,040

$24.39 ISK 3,072

-1.07%

Beef Round Steak (1kg)

$41.80 ISK 5,266

Apples (1kg)

$2.46 ISK 310

Banana (1kg)

$2.39 ISK 301

Oranges (1kg)

$2.48 ISK 312

Tomato (1kg)

$3.94 ISK 497

Potato (1kg)

$3.07 ISK 386

Onion (1kg)

$2.12 ISK 267

Lettuce (1 head)

$3.19 ISK 401

Water (1.5 liter bottle)

$1.95 ISK 245

Cigarettes 20 Pack (Marlboro, Camel)

$13.57 ISK 1,709

$13.34 ISK 1,680

1.72%

Wine (Bottle)

$15.59 ISK 1,964

Local Beer (0.5 liter bottle)

$3.55 ISK 448

Imported Beer (0.33 liter bottle)

$2.85 ISK 359

One-way Ticket (Public Transport)

$3.52 ISK 443

Public Transport Monthly Pass (Regular Price)

$75.1 ISK 9,462

Taxi Start (Normal Tariff)

$6.28 ISK 791

Taxi (Normal Tariff) (1km)

$2.29 ISK 288

Taxi 1hour Waiting (Normal Tariff)

$86.9 ISK 10.9K

Gasoline (1 liter)

$2.45 ISK 309

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

$46.8K ISK 5.9M

$39.6K ISK 5.0M

18.03%

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

$52.5K ISK 6.6M

$63.2K ISK 8.0M

-16.89%

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

$87.4 ISK 11.0K

$120 ISK 15.1K

-27.22%

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

$27.11 ISK 3,415

$25.23 ISK 3,178

7.45%

Internet (50+ Mbps, Unlimited Data)

$86.0 ISK 10.8K

$162 ISK 20.3K

-46.79%

Gym Membership (Monthly)

$82.8 ISK 10.4K

Cinema Ticket

$17.32 ISK 2,181

$15.34 ISK 1,932

12.91%

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

$326 ISK 41.1K

$355 ISK 44.7K

-8.11%

International Primary School, 1 Child (Yearly)

$30.4K ISK 3.8M

Jeans (Levis 501 Or Similar)

$141 ISK 17.8K

$81.7 ISK 10.3K

72.97%

Summer Dress (H&M, Zara, etc)

$62.6 ISK 7,882

Sport Shoes (Adidas, Nike)

$185 ISK 23.3K

$122 ISK 15.4K

50.99%

Men's Leather Business Shoes

$188 ISK 23.7K

1-bedroom Apartment, City Center (Monthly)

$1,870 ISK 235.6K

$1,740 ISK 219.1K

7.50%

1-bedroom Apartment, Outside City Center (Monthly)

$1,302 ISK 164.1K

$1,753 ISK 220.8K

-25.69%

3-bedroom Apartment, City Center (Monthly)

$2,438 ISK 307.1K

3-bedroom Apartment, Outside City Center (Monthly)

$2,042 ISK 257.2K

$2,121 ISK 267.1K

-3.70%

Buy Apartment in City Center (m2)

$6,473 ISK 815.3K

Buy Apartment Outside City Center (m2)

$6,305 ISK 794.3K

Average Monthly Net Salary (After Tax)

$3,649 ISK 459.7K

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 Keflavik: January 11, 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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