Last update: Nov 2026

Cost of Living Comparison Between Njardvik and Akureyri

For one person, living costs are similar in Njardvik and in Akureyri: $3,133 and $3,106 a month, rent and utilities included.

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Cost of Living Index in Njardvik
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Njardvik Living Index

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Njardvik

🇮🇸 Iceland

$3,133

/mo nomad

Akureyri

🇮🇸 Iceland

$3,106

/mo nomad

Monthly Cost of Living

How much you'll spend in Njardvik 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 Njardvik and in Akureyri actually costs, broken down by who's living it.

A single person spends $3,133 per month in Njardvik vs $3,106 in Akureyri, rent included.

Njardvik $3,133
Akureyri $3,106

A couple spends around $4,864 per month in Njardvik vs $4,170 in Akureyri, rent included.

Njardvik $4,864
Akureyri $4,170

A family of three spends $6,596 per month in Njardvik vs $5,234 in Akureyri, rent included.

Njardvik $6,596
Akureyri $5,234

Njardvik and Akureyri have comparable living costs – the differences are in the details.

Both Njardvik and Akureyri sit above the global median – Njardvik by 132%, Akureyri by 130%.

Meal at Budget Restaurant

$24.20 ISK 2,940

$24.19 ISK 2,939

0.04%

Three-Course Dinner for Two, Mid-Range

$98.4 ISK 12.0K

$131 ISK 15.9K

-24.99%

Fast Food Meal (McDonalds, etc)

$16.27 ISK 1,977

$22.90 ISK 2,782

-28.95%

Cappuccino

$6.46 ISK 784

$4.90 ISK 596

31.84%

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

$1.61 ISK 195

$3.50 ISK 426

-54.00%

Water (0.33 liter bottle)

$2.41 ISK 292

$3.12 ISK 379

-22.76%

Local Beer (0.5 liter draught)

$10.53 ISK 1,280

$11.08 ISK 1,347

-4.96%

Imported Beer (0.33 liter bottle)

$12.43 ISK 1,510

$9.18 ISK 1,115

35.40%

Milk (1 liter)

$2.12 ISK 258

$2.76 ISK 335

-23.19%

White Bread (500g)

$4.24 ISK 515

$2.40 ISK 291

76.67%

Rice (white) (1kg)

$3.64 ISK 443

$3.05 ISK 370

19.34%

Eggs

$7.20 ISK 875

$7.90 ISK 960

-8.86%

Local Cheese (1kg)

$21.85 ISK 2,655

$15.82 ISK 1,923

38.12%

Chicken Fillets (1kg)

$24.79 ISK 3,012

$24.51 ISK 2,978

1.14%

Beef Round Steak (1kg)

$41.37 ISK 5,027

Apples (1kg)

$3.40 ISK 413

Banana (1kg)

$2.85 ISK 347

$2.93 ISK 356

-2.73%

Oranges (1kg)

$3.13 ISK 381

$3.50 ISK 426

-10.57%

Tomato (1kg)

$6.54 ISK 795

$5.94 ISK 721

10.10%

Potato (1kg)

$3.95 ISK 480

Onion (1kg)

$1.68 ISK 205

Lettuce (1 head)

$3.75 ISK 456

Water (1.5 liter bottle)

$1.84 ISK 224

Cigarettes 20 Pack (Marlboro, Camel)

$13.70 ISK 1,665

$13.66 ISK 1,659

0.29%

Wine (Bottle)

$23.83 ISK 2,896

Local Beer (0.5 liter bottle)

$3.61 ISK 439

Imported Beer (0.33 liter bottle)

$3.35 ISK 407

Taxi Start (Normal Tariff)

$6.57 ISK 799

Taxi (Normal Tariff) (1km)

$2.87 ISK 349

Taxi 1hour Waiting (Normal Tariff)

$81.0 ISK 9,846

Gasoline (1 liter)

$2.05 ISK 249

$2.53 ISK 307

-18.97%

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

$67.8K ISK 8.2M

$41.2K ISK 5.0M

64.43%

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

$56.3K ISK 6.8M

$65.9K ISK 8.0M

-14.59%

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

$96.1 ISK 11.7K

$125 ISK 15.2K

-23.29%

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

$32.14 ISK 3,905

$25.95 ISK 3,153

23.85%

Internet (50+ Mbps, Unlimited Data)

$85.4 ISK 10.4K

$164 ISK 19.9K

-47.96%

Gym Membership (Monthly)

$80.6 ISK 9,793

$85.2 ISK 10.3K

-5.34%

Cinema Ticket

$19.99 ISK 2,429

$15.66 ISK 1,903

27.65%

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

$1,198 ISK 145.5K

$372 ISK 45.2K

221.81%

International Primary School, 1 Child (Yearly)

$26.0K ISK 3.2M

Jeans (Levis 501 Or Similar)

$122 ISK 14.8K

$82.2 ISK 9,987

47.95%

Summer Dress (H&M, Zara, etc)

$66.7 ISK 8,106

Sport Shoes (Adidas, Nike)

$183 ISK 22.2K

$122 ISK 14.8K

50.30%

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)

$1,462 ISK 177.6K

$1,834 ISK 222.9K

-20.30%

3-bedroom Apartment, Outside City Center (Monthly)

$2,674 ISK 324.9K

$2,171 ISK 263.8K

23.18%

Buy Apartment in City Center (m2)

$6,673 ISK 810.8K

Buy Apartment Outside City Center (m2)

$6,448 ISK 783.4K

Average Monthly Net Salary (After Tax)

$4,080 ISK 495.7K

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 Njardvik: November 1, 2026

Last update for Akureyri: October 31, 2026

Monthly budget structure

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

Accommodation & Living

Njardvik

$1.5K 46.7%

Akureyri

–

Groceries & Markets

Njardvik

$625 19.9%

Akureyri

–

Eating Out

Njardvik

$413 13.2%

Akureyri

–

Clothing & Footwear

Njardvik

$278 8.9%

Akureyri

–

Monthly Utilities & Internet

Njardvik

$214 6.8%

Akureyri

–

Sport & Entertainment

Njardvik

$121 3.9%

Akureyri

–

Getting Around

Njardvik

$21 * 0.7%

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 $98 in Njardvik versus $131 in Akureyri. Groceries tell a different story – $625 in Njardvik vs $327 in Akureyri – so Akureyri wins on supermarket bills even if dining out costs more.

Good to know

🇮🇸 Njardvik

🇮🇸 Akureyri

🕒 Local time

23:42 11:42 PM

Same time as Njardvik

🌤 Weather

👥 Population

6,000

19,219

💱 Currency

Icelandic Króna ISK kr

📈 Exchange rate

1,000 ISK = 8.23 USD

1,000 ISK = 7.31 EUR

1,000 ISK = 8.23 USD

1,000 ISK = 7.31 EUR

Exchange rates and currency converter

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Njardvik Akureyri 280 km

From you

Njardvik
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

Njardvik vs Akureyri: Cost of Living - Frequently Asked Questions

For a comfortable life, plan on about $4,700 per month in Njardvik 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 $98 in Njardvik and $131 in Akureyri. That’s a good indicator of the overall restaurant and café pricing gap between the two cities.

Kindergarten costs $1,198 per month in Njardvik and $372 in Akureyri. For families with young kids, this one expense can tip the scales when choosing between the two cities.

$2,500 is a stretch for both – monthly costs hit $3,133 in Njardvik and $3,106 in Akureyri. You’ll need shared housing and careful budgeting no matter which city you pick.

It depends on your priorities. Akureyri has an edge in some lifestyle areas, with costs from $3,106 in Akureyri to $3,133 in Njardvik. 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.