Cost of Living Comparison Between Phuket and Bakkafjordur Cost of Living Comparison Between Phuket and Bakkafjordur

Monthly Cost of Living

A single person spends $1,223 per month in Phuket vs $250 in Bakkafjordur, rent included.

A couple spends around $2,237 per month in Phuket vs $427 in Bakkafjordur, rent included.

A family of three spends $3,251 per month in Phuket vs $604 in Bakkafjordur, rent included.

Phuket costs about 389% more than Bakkafjordur, driven mainly by Clothing & Footwear.

Both Phuket and Bakkafjordur are more affordable than the global median – Phuket 8% lower, Bakkafjordur 81% lower.

Meal at Budget Restaurant

$4.51 ฿148

Three-Course Dinner for Two, Mid-Range

$46.62 ฿1,528

Fast Food Meal (McDonalds, etc)

$8.49 ฿278

Cappuccino

$3.08 ฿101

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

$0.68 ฿22.26

Water (0.33 liter bottle)

$0.36 ฿11.84

Local Beer (0.5 liter draught)

$2.43 ฿79.5

Imported Beer (0.33 liter bottle)

$3.63 ฿119

Milk (1 liter)

$2.19 ฿71.7

White Bread (500g)

$1.81 ฿59.5

$2.17 ISK 270

-16.59%

Rice (white) (1kg)

$2.23 ฿73.1

$2.24 ISK 279

-0.45%

Eggs

$2.24 ฿73.3

$4.94 ISK 614

-54.66%

Local Cheese (1kg)

$19.60 ฿642

$8.95 ISK 1,112

118.99%

Chicken Fillets (1kg)

$3.72 ฿122

$10.96 ISK 1,362

-66.06%

Beef Round Steak (1kg)

$13.47 ฿441

$11.00 ISK 1,367

22.45%

Apples (1kg)

$3.36 ฿110

$2.22 ISK 276

51.35%

Banana (1kg)

$1.62 ฿53.0

$2.25 ISK 280

-28.00%

Oranges (1kg)

$2.41 ฿79.0

$2.14 ISK 266

12.62%

Tomato (1kg)

$1.99 ฿65.2

$2.25 ISK 280

-11.56%

Potato (1kg)

$1.53 ฿50.2

$2.13 ISK 265

-28.17%

Onion (1kg)

$1.45 ฿47.59

$2.19 ISK 272

-33.79%

Lettuce (1 head)

$1.01 ฿33.23

$1.02 ISK 126

-0.98%

Water (1.5 liter bottle)

$0.48 ฿15.86

$2.06 ISK 256

-76.70%

Cigarettes 20 Pack (Marlboro, Camel)

$4.27 ฿140

Wine (Bottle)

$19.12 ฿627

Local Beer (0.5 liter bottle)

$1.84 ฿60.2

Imported Beer (0.33 liter bottle)

$2.74 ฿89.8

One-way Ticket (Public Transport)

$1.42 ฿46.44

Public Transport Monthly Pass (Regular Price)

$11.72 ฿384

Taxi Start (Normal Tariff)

$3.00 ฿98.4

Taxi (Normal Tariff) (1km)

$1.05 ฿34.28

Taxi 1hour Waiting (Normal Tariff)

$13.90 ฿456

Gasoline (1 liter)

$1.29 ฿42.28

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

$28.0K ฿918.7K

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

$33.5K ฿1.1M

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

$122 ฿3,997

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

$13.93 ฿457

Internet (50+ Mbps, Unlimited Data)

$18.87 ฿618

Gym Membership (Monthly)

$61.3 ฿2,008

Tennis Court (1 Hour on Weekend)

$16.84 ฿552

Cinema Ticket

$8.89 ฿291

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

$691 ฿22.7K

International Primary School, 1 Child (Yearly)

$16.2K ฿529.5K

Jeans (Levis 501 Or Similar)

$57.8 ฿1,894

Summer Dress (H&M, Zara, etc)

$35.39 ฿1,160

Sport Shoes (Adidas, Nike)

$113 ฿3,716

Men's Leather Business Shoes

$83.0 ฿2,720

1-bedroom Apartment, City Center (Monthly)

$607 ฿19.9K

1-bedroom Apartment, Outside City Center (Monthly)

$448 ฿14.7K

3-bedroom Apartment, City Center (Monthly)

$2,029 ฿66.5K

3-bedroom Apartment, Outside City Center (Monthly)

$1,493 ฿48.9K

Buy Apartment in City Center (m2)

$3,585 ฿117.5K

Buy Apartment Outside City Center (m2)

$2,585 ฿84.7K

Average Monthly Net Salary (After Tax)

$505 ฿16.5K

$5,792 ISK 719.6K

-91.29%

20-Year Fixed Mortgage Interest Rate (Annual %)

5.33

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

Last update for Phuket: June 13, 2026

Last update for Bakkafjordur: June 14, 2026

Cost Breakdown

Salaries run about 1047% higher in Bakkafjordur, which reinforces the cost advantage – you earn more and spend less. Purchasing power leans clearly in its favor.

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

Phuket vs Bakkafjordur: Cost of Living - Frequently Asked Questions

Phuket costs about 389% more than Bakkafjordur, with the gap driven mainly by Clothing & Footwear. That's enough to noticeably affect everyday spending and lifestyle for anyone choosing between the two.

For a comfortable life, plan on about $1,835 per month in Phuket and $376 in Bakkafjordur. That covers rent, food, utilities, transport, and enough left over to feel settled – not just surviving.

Monthly expenses with rent come to $1,223 in Phuket and $250 in Bakkafjordur. The difference isn't just one category – it shows up across housing, food, transport, and services.

Groceries cost about 17% more in Phuket, though it depends on what you buy. Local produce may be comparable; imported and premium items show the biggest price gap.

A $1,000 monthly budget goes further in Bakkafjordur, where all-in costs run around $250, than in Phuket at $1,223. In Bakkafjordur it covers expenses comfortably, while in Phuket it requires careful planning or may not stretch far enough.

For digital nomads, it depends on budget. Bakkafjordur costs $250 versus $1,223 in Phuket. Both have workable remote work infrastructure, but the cost gap matters when income varies month to month.

Both have safer and rougher neighborhoods, but overall safety is comparable to other large cities. Neighborhood choice matters more than the city-level comparison – central, well-trafficked areas feel secure in both.

If budget matters most, go with Bakkafjordur. If higher salaries, better infrastructure, or specific career opportunities are the priority, Phuket makes more sense. Both are solid long-term options with distinct trade-offs.