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

🙂 Solo nomad: Kotka is 31.7% cheaper than Akranes without rent, and 47.4% cheaper with rent.

🙂 Family of 3: Kotka is 46.4% cheaper than Akranes without rent, and 52.9% cheaper with rent.

Meal at Budget Restaurant

$12.96 €11.16

$26.99 ISK 3,437

-51.98%

Three-Course Dinner for Two, Mid-Range

$53.6 €46.15

$147 ISK 18.7K

-63.46%

Fast Food Meal (McDonalds, etc)

$9.79 €8.43

$22.72 ISK 2,894

-56.91%

Cappuccino

$4.25 €3.66

$5.88 ISK 749

-27.72%

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

$2.06 €1.78

$3.23 ISK 411

-36.22%

Water (0.33 liter bottle)

$1.63 €1.41

$2.45 ISK 312

-33.47%

Local Beer (0.5 liter draught)

$5.86 €5.05

$10.51 ISK 1,338

-44.24%

Imported Beer (0.33 liter bottle)

$3.45 €2.97

$7.84 ISK 998

-55.99%

Milk (1 liter)

$1.32 €1.14

$1.88 ISK 240

-29.79%

White Bread (500g)

$2.23 €1.92

$1.96 ISK 250

13.78%

Rice (white) (1kg)

$2.26 €1.95

$3.69 ISK 469

-38.75%

Eggs

$2.77 €2.39

$6.12 ISK 780

-54.74%

Local Cheese (1kg)

$8.58 €7.39

$18.09 ISK 2,303

-52.57%

Chicken Fillets (1kg)

$13.77 €11.86

$24.17 ISK 3,077

-43.03%

Beef Round Steak (1kg)

$20.96 €18.05

$42.66 ISK 5,433

-50.87%

Apples (1kg)

$2.08 €1.79

$3.26 ISK 415

-36.20%

Banana (1kg)

$1.93 €1.67

$2.42 ISK 308

-20.25%

Oranges (1kg)

$2.33 €2.01

$3.12 ISK 397

-25.32%

Tomato (1kg)

$4.72 €4.06

$4.81 ISK 612

-1.87%

Potato (1kg)

$1.45 €1.25

$3.64 ISK 463

-60.16%

Onion (1kg)

$1.89 €1.63

$2.41 ISK 308

-21.58%

Lettuce (1 head)

$1.77 €1.52

$3.06 ISK 389

-42.16%

Water (1.5 liter bottle)

$1.46 €1.26

$1.95 ISK 249

-25.13%

Cigarettes 20 Pack (Marlboro, Camel)

$10.2 €8.78

$13.69 ISK 1,744

-25.49%

Wine (Bottle)

$13.2 €11.37

$24.3 ISK 3,095

-45.68%

Local Beer (0.5 liter bottle)

$3.18 €2.74

$2.84 ISK 362

11.97%

Imported Beer (0.33 liter bottle)

$3.67 €3.16

$1.99 ISK 254

84.42%

One-way Ticket (Public Transport)

$5.84 €5.03

$3.52 ISK 448

65.91%

Public Transport Monthly Pass (Regular Price)

$58.4 €50.3

$71 ISK 9,047

-17.78%

Taxi Start (Normal Tariff)

$7.9 €6.8

$6.2 ISK 790

27.42%

Taxi (Normal Tariff) (1km)

$1.21 €1.04

$1.05 ISK 134

15.24%

Taxi 1hour Waiting (Normal Tariff)

$53.8 €46.3

$86.1 ISK 11K

-37.60%

Gasoline (1 liter)

$2.11 €1.82

$2.43 ISK 309

-13.17%

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

$31.6K €27.2K

$47.4K ISK 6M

-33.37%

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

$33K €28.4K

$53.2K ISK 6.8M

-37.97%

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

$268 €231

$86.3 ISK 11K

210.53%

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

$31.39 €27.04

$27.75 ISK 3,534

13.12%

Internet (50+ Mbps, Unlimited Data)

$19.97 €17.2

$84.2 ISK 10.7K

-76.29%

Gym Membership (Monthly)

$43.96 €37.87

Tennis Court (1 Hour on Weekend)

$24.68 €21.25

Cinema Ticket

$15.71 €13.53

$17.51 ISK 2,230

-10.28%

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

$328 €282

$327 ISK 41.6K

0.26%

International Primary School, 1 Child (Yearly)

$11.3K €9,753

$29.7K ISK 3.8M

-61.86%

Jeans (Levis 501 Or Similar)

$109 €93.9

$138 ISK 17.6K

-21.24%

Summer Dress (H&M, Zara, etc)

$14 €12.06

$61.9 ISK 7,879

-77.37%

Sport Shoes (Adidas, Nike)

$85.2 €73.4

$180 ISK 22.9K

-52.59%

Men's Leather Business Shoes

$103 €88.5

$267 ISK 34K

-61.56%

1-bedroom Apartment, City Center (Monthly)

$749 €645

$2,932 ISK 373.4K

-74.46%

1-bedroom Apartment, Outside City Center (Monthly)

$636 €548

$1,849 ISK 235.4K

-65.60%

3-bedroom Apartment, City Center (Monthly)

$1,285 €1,107

$4,751 ISK 605K

-72.94%

3-bedroom Apartment, Outside City Center (Monthly)

$1,058 €911

$3,654 ISK 465.3K

-71.04%

Buy Apartment in City Center (m2)

$2,900 €2,498

Buy Apartment Outside City Center (m2)

$1,731 €1,491

Average Monthly Net Salary (After Tax)

$2,560 €2,205

$5,458 ISK 695K

-53.10%

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: December 1, 2025

Last update for Akranes: November 30, 2025

Digital Nomad Cost of Living Index

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