Cost of Living Comparison Between Kotka and Akranes Cost of Living Comparison Between Kotka and Akranes

🙂 Solo nomad: Kotka is 50.9% cheaper than Akranes without rent, and 46.3% cheaper with rent.

🙂 Family of 3: Kotka is 53% cheaper than Akranes without rent, and 53.8% cheaper with rent.

Meal at Budget Restaurant

$12.78 €10.98

$27.06 ISK 3,362

-52.77%

Three-Course Dinner for Two, Mid-Range

$55.1 €47.33

$144 ISK 17.9K

-61.80%

Fast Food Meal (McDonalds, etc)

$9.70 €8.33

$22.09 ISK 2,745

-56.09%

Cappuccino

$4.11 €3.53

$5.98 ISK 743

-31.27%

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

$2.04 €1.75

$3.12 ISK 387

-34.62%

Water (0.33 liter bottle)

$1.68 €1.45

$2.43 ISK 302

-30.86%

Local Beer (0.5 liter draught)

$5.94 €5.11

$10.49 ISK 1,304

-43.37%

Imported Beer (0.33 liter bottle)

$3.39 €2.91

$7.95 ISK 988

-57.36%

Milk (1 liter)

$1.32 €1.14

$1.95 ISK 243

-32.31%

White Bread (500g)

$2.24 €1.93

$2.00 ISK 248

12.00%

Rice (white) (1kg)

$2.25 €1.93

$3.56 ISK 442

-36.80%

Eggs

$2.77 €2.38

$5.90 ISK 734

-53.05%

Local Cheese (1kg)

$8.88 €7.63

$18.35 ISK 2,281

-51.61%

Chicken Fillets (1kg)

$13.65 €11.72

$24.33 ISK 3,024

-43.90%

Beef Round Steak (1kg)

$21.03 €18.06

$41.63 ISK 5,174

-49.48%

Apples (1kg)

$2.00 €1.72

$3.22 ISK 400

-37.89%

Banana (1kg)

$1.97 €1.69

$2.43 ISK 303

-18.93%

Oranges (1kg)

$2.43 €2.09

$2.96 ISK 368

-17.91%

Tomato (1kg)

$4.93 €4.23

$4.85 ISK 602

1.65%

Potato (1kg)

$1.45 €1.25

$3.52 ISK 437

-58.81%

Onion (1kg)

$1.82 €1.57

$2.33 ISK 289

-21.89%

Lettuce (1 head)

$1.77 €1.52

$3.06 ISK 380

-42.16%

Water (1.5 liter bottle)

$1.39 €1.19

$1.95 ISK 242

-28.72%

Cigarettes 20 Pack (Marlboro, Camel)

$10.41 €8.94

$13.41 ISK 1,666

-22.37%

Wine (Bottle)

$16.09 €13.82

$23.60 ISK 2,933

-31.82%

Local Beer (0.5 liter bottle)

$3.06 €2.62

$2.84 ISK 353

7.75%

Imported Beer (0.33 liter bottle)

$3.63 €3.12

$2.04 ISK 254

77.94%

One-way Ticket (Public Transport)

$5.93 €5.09

$3.51 ISK 437

68.95%

Public Transport Monthly Pass (Regular Price)

$57.3 €49.20

$72.0 ISK 8,952

-20.49%

Taxi Start (Normal Tariff)

$8.11 €6.97

$6.50 ISK 808

24.77%

Taxi (Normal Tariff) (1km)

$1.22 €1.05

$1.04 ISK 129

17.31%

Taxi 1hour Waiting (Normal Tariff)

$53.4 €45.86

$86.8 ISK 10.8K

-38.47%

Gasoline (1 liter)

$2.01 €1.73

$2.55 ISK 317

-21.18%

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

$31.5K €27.1K

$46.9K ISK 5.8M

-32.75%

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

$32.6K €28.0K

$52.4K ISK 6.5M

-37.92%

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

$267 €229

$89.3 ISK 11.1K

198.53%

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

$31.81 €27.32

$27.35 ISK 3,399

16.31%

Internet (50+ Mbps, Unlimited Data)

$19.46 €16.71

$85.2 ISK 10.6K

-77.17%

Gym Membership (Monthly)

$44.05 €37.84

Tennis Court (1 Hour on Weekend)

$24.21 €20.80

Cinema Ticket

$15.79 €13.56

$17.78 ISK 2,210

-11.19%

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

$337 €290

$321 ISK 39.8K

5.26%

International Primary School, 1 Child (Yearly)

$11.3K €9,718

$29.6K ISK 3.7M

-61.80%

Jeans (Levis 501 Or Similar)

$109 €93.4

$141 ISK 17.5K

-22.96%

Summer Dress (H&M, Zara, etc)

$14.14 €12.15

$61.2 ISK 7,599

-76.88%

Sport Shoes (Adidas, Nike)

$85.4 €73.4

$180 ISK 22.3K

-52.45%

Men's Leather Business Shoes

$106 €91.2

$267 ISK 33.2K

-60.27%

1-bedroom Apartment, City Center (Monthly)

$772 €663

$3,016 ISK 374.8K

-74.40%

1-bedroom Apartment, Outside City Center (Monthly)

$637 €547

$1,896 ISK 235.6K

-66.40%

3-bedroom Apartment, City Center (Monthly)

$1,290 €1,108

$4,768 ISK 592.5K

-72.95%

3-bedroom Apartment, Outside City Center (Monthly)

$1,039 €893

$3,568 ISK 443.4K

-70.88%

Buy Apartment in City Center (m2)

$3,814 €3,277

Buy Apartment Outside City Center (m2)

$2,226 €1,912

Average Monthly Net Salary (After Tax)

$2,595 €2,229

$5,728 ISK 711.8K

-54.70%

20-Year Fixed Mortgage Interest Rate (Annual %)

3.4

9.63

-64.69%

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

Last update for Kotka: February 28, 2026

Last update for Akranes: March 1, 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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