Cost of Living Comparison Between Petoskey, MI and Akranes Cost of Living Comparison Between Petoskey, MI and Akranes

🙂 Solo nomad: Petoskey, MI is 37.6% cheaper than Akranes without rent, and 32.3% cheaper with rent.

🙂 Family of 3: Petoskey, MI is 47.7% cheaper than Akranes without rent, and 40.2% cheaper with rent.

Meal at Budget Restaurant

$15.17 $15.17

$26.99 ISK 3,437

-43.79%

Three-Course Dinner for Two, Mid-Range

$71.3 $71.3

$147 ISK 18.7K

-51.38%

Fast Food Meal (McDonalds, etc)

$11.18 $11.18

$22.72 ISK 2,894

-50.79%

Cappuccino

$4.83 $4.83

$5.88 ISK 749

-17.86%

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

$1.95 $1.95

$3.23 ISK 411

-39.63%

Water (0.33 liter bottle)

$1.02 $1.02

$2.45 ISK 312

-58.37%

Local Beer (0.5 liter draught)

$5.9 $5.9

$10.51 ISK 1,338

-43.86%

Imported Beer (0.33 liter bottle)

$7.1 $7.1

$7.84 ISK 998

-9.44%

Milk (1 liter)

$0.9 $0.9

$1.88 ISK 240

-52.13%

White Bread (500g)

$1.12 $1.12

$1.96 ISK 250

-42.86%

Rice (white) (1kg)

$4.36 $4.36

$3.69 ISK 469

18.16%

Eggs

$3.17 $3.17

$6.12 ISK 780

-48.20%

Local Cheese (1kg)

$15.38 $15.38

$18.09 ISK 2,303

-14.98%

Chicken Fillets (1kg)

$12.22 $12.22

$24.17 ISK 3,077

-49.44%

Beef Round Steak (1kg)

$15.03 $15.03

$42.66 ISK 5,433

-64.77%

Apples (1kg)

$4.1 $4.1

$3.26 ISK 415

25.77%

Banana (1kg)

$1.32 $1.32

$2.42 ISK 308

-45.45%

Oranges (1kg)

$3.37 $3.37

$3.12 ISK 397

8.01%

Tomato (1kg)

$4.29 $4.29

$4.81 ISK 612

-10.81%

Potato (1kg)

$2.21 $2.21

$3.64 ISK 463

-39.29%

Onion (1kg)

$2.88 $2.88

$2.41 ISK 308

19.50%

Lettuce (1 head)

$2.45 $2.45

$3.06 ISK 389

-19.93%

Water (1.5 liter bottle)

$2.03 $2.03

$1.95 ISK 249

4.10%

Cigarettes 20 Pack (Marlboro, Camel)

$9.18 $9.18

$13.69 ISK 1,744

-32.94%

Wine (Bottle)

$11.94 $11.94

$24.3 ISK 3,095

-50.86%

Local Beer (0.5 liter bottle)

$1.8 $1.8

$2.84 ISK 362

-36.62%

Imported Beer (0.33 liter bottle)

$2.45 $2.45

$1.99 ISK 254

23.12%

One-way Ticket (Public Transport)

$2.01 $2.01

$3.52 ISK 448

-42.90%

Public Transport Monthly Pass (Regular Price)

$71 ISK 9,047

Taxi Start (Normal Tariff)

$4.76 $4.76

$6.2 ISK 790

-23.23%

Taxi (Normal Tariff) (1km)

$1.65 $1.65

$1.05 ISK 134

57.14%

Taxi 1hour Waiting (Normal Tariff)

$28.77 $28.77

$86.1 ISK 11K

-66.60%

Gasoline (1 liter)

$0.91 $0.91

$2.43 ISK 309

-62.55%

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

$25.3K $25.3K

$47.4K ISK 6M

-46.67%

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

$24.7K $24.7K

$53.2K ISK 6.8M

-53.52%

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

$120 $120

$86.3 ISK 11K

39.40%

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

$44.63 $44.63

$27.75 ISK 3,534

60.83%

Internet (50+ Mbps, Unlimited Data)

$61.8 $61.8

$84.2 ISK 10.7K

-26.69%

Gym Membership (Monthly)

$43.33 $43.33

Cinema Ticket

$11.17 $11.17

$17.51 ISK 2,230

-36.21%

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

$967 $967

$327 ISK 41.6K

195.97%

International Primary School, 1 Child (Yearly)

$20.9K $20.9K

$29.7K ISK 3.8M

-29.54%

Jeans (Levis 501 Or Similar)

$59.2 $59.2

$138 ISK 17.6K

-57.21%

Summer Dress (H&M, Zara, etc)

$39.7 $39.7

$61.9 ISK 7,879

-35.83%

Sport Shoes (Adidas, Nike)

$78.9 $78.9

$180 ISK 22.9K

-56.11%

Men's Leather Business Shoes

$119 $119

$267 ISK 34K

-55.45%

1-bedroom Apartment, City Center (Monthly)

$1,595 $1,595

$2,932 ISK 373.4K

-45.59%

1-bedroom Apartment, Outside City Center (Monthly)

$1,331 $1,331

$1,849 ISK 235.4K

-28.03%

3-bedroom Apartment, City Center (Monthly)

$2,667 $2,667

$4,751 ISK 605K

-43.86%

3-bedroom Apartment, Outside City Center (Monthly)

$2,262 $2,262

$3,654 ISK 465.3K

-38.09%

Buy Apartment in City Center (m2)

$3,472 $3,472

Buy Apartment Outside City Center (m2)

$2,617 $2,617

Average Monthly Net Salary (After Tax)

$2,700 $2,700

$5,458 ISK 695K

-50.53%

20-Year Fixed Mortgage Interest Rate (Annual %)

6.51

9.63

-32.40%

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

Last update for Petoskey, MI: November 30, 2025

Last update for Akranes: November 30, 2025

Digital Nomad Cost of Living Index

Similar cities

Barcelona

🇪🇸 Spain

Berlin

🇩🇪 Germany

Milan

🇮🇹 Italy

Melbourne

🇦🇺 Australia

Vienna

🇦🇹 Austria

Brisbane

🇦🇺 Australia

Calgary

🇨🇦 Canada

Perth

🇦🇺 Australia