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

Meal at Budget Restaurant

$24.24 ISK 2,963

$24.07 ISK 2,942

0.71%

Three-Course Dinner for Two, Mid-Range

$147 ISK 18.0K

$130 ISK 15.9K

13.01%

Fast Food Meal (McDonalds, etc)

$19.71 ISK 2,409

$22.08 ISK 2,699

-10.73%

Cappuccino

$3.93 ISK 480

$4.74 ISK 579

-17.09%

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

$3.18 ISK 388

$3.44 ISK 420

-7.56%

Water (0.33 liter bottle)

$2.50 ISK 305

$3.10 ISK 379

-19.35%

Local Beer (0.5 liter draught)

$8.19 ISK 1,002

$11.06 ISK 1,351

-25.95%

Imported Beer (0.33 liter bottle)

$7.91 ISK 967

$9.48 ISK 1,159

-16.56%

Milk (1 liter)

$1.96 ISK 240

$2.83 ISK 346

-30.74%

White Bread (500g)

$4.24 ISK 518

$2.23 ISK 273

90.13%

Rice (white) (1kg)

$2.44 ISK 298

$3.13 ISK 383

-22.04%

Eggs

$6.28 ISK 767

$8.01 ISK 979

-21.60%

Local Cheese (1kg)

$17.95 ISK 2,194

Chicken Fillets (1kg)

$23.83 ISK 2,912

$24.08 ISK 2,943

-1.04%

Beef Round Steak (1kg)

$41.98 ISK 5,132

Apples (1kg)

$2.44 ISK 298

Banana (1kg)

$2.37 ISK 289

Oranges (1kg)

$2.43 ISK 297

Tomato (1kg)

$4.04 ISK 493

Potato (1kg)

$3.04 ISK 372

Onion (1kg)

$2.03 ISK 248

Lettuce (1 head)

$3.05 ISK 373

Water (1.5 liter bottle)

$2.00 ISK 244

Cigarettes 20 Pack (Marlboro, Camel)

$13.69 ISK 1,673

$13.21 ISK 1,615

3.63%

Wine (Bottle)

$16.04 ISK 1,961

Local Beer (0.5 liter bottle)

$3.73 ISK 456

Imported Beer (0.33 liter bottle)

$2.87 ISK 351

One-way Ticket (Public Transport)

$3.70 ISK 453

Public Transport Monthly Pass (Regular Price)

$76.0 ISK 9,296

Taxi Start (Normal Tariff)

$6.50 ISK 795

Taxi (Normal Tariff) (1km)

$2.29 ISK 280

Taxi 1hour Waiting (Normal Tariff)

$85.1 ISK 10.4K

Gasoline (1 liter)

$2.57 ISK 314

$2.53 ISK 309

1.58%

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

$46.9K ISK 5.7M

$39.7K ISK 4.9M

18.26%

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

$51.8K ISK 6.3M

$65.4K ISK 8.0M

-20.83%

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

$88.1 ISK 10.8K

$119 ISK 14.5K

-25.85%

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

$27.33 ISK 3,341

$25.31 ISK 3,094

7.98%

Internet (50+ Mbps, Unlimited Data)

$86.0 ISK 10.5K

$159 ISK 19.5K

-46.04%

Gym Membership (Monthly)

$83.1 ISK 10.2K

Cinema Ticket

$17.45 ISK 2,133

$15.01 ISK 1,835

16.26%

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

$325 ISK 39.7K

$356 ISK 43.5K

-8.67%

International Primary School, 1 Child (Yearly)

$29.9K ISK 3.7M

Jeans (Levis 501 Or Similar)

$137 ISK 16.8K

$81.5 ISK 9,963

68.22%

Summer Dress (H&M, Zara, etc)

$61.5 ISK 7,520

Sport Shoes (Adidas, Nike)

$184 ISK 22.5K

$122 ISK 14.9K

50.95%

Men's Leather Business Shoes

$190 ISK 23.2K

1-bedroom Apartment, City Center (Monthly)

$1,881 ISK 229.9K

$1,794 ISK 219.4K

4.81%

1-bedroom Apartment, Outside City Center (Monthly)

$1,340 ISK 163.8K

$1,784 ISK 218.1K

-24.89%

3-bedroom Apartment, City Center (Monthly)

$2,405 ISK 294.0K

3-bedroom Apartment, Outside City Center (Monthly)

$2,033 ISK 248.5K

$2,116 ISK 258.6K

-3.94%

Buy Apartment in City Center (m2)

$6,507 ISK 795.4K

Buy Apartment Outside City Center (m2)

$6,582 ISK 804.6K

Average Monthly Net Salary (After Tax)

$3,731 ISK 456.1K

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: 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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