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

Monthly Cost of Living

A single person spends $1,232 per month in Phuket vs $252 in Bakkafjordur, rent included.

A couple spends around $2,255 per month in Phuket vs $430 in Bakkafjordur, rent included.

A family of three spends $3,279 per month in Phuket vs $608 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

$4.63 ฿151

Three-Course Dinner for Two, Mid-Range

$46.84 ฿1,532

Fast Food Meal (McDonalds, etc)

$8.84 ฿289

Cappuccino

$3.00 ฿98.0

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

$0.74 ฿24.25

Water (0.33 liter bottle)

$0.37 ฿11.95

Local Beer (0.5 liter draught)

$2.44 ฿79.8

Imported Beer (0.33 liter bottle)

$3.61 ฿118

Milk (1 liter)

$2.26 ฿73.9

White Bread (500g)

$1.84 ฿60.1

$2.16 ISK 264

-14.81%

Rice (white) (1kg)

$2.24 ฿73.4

$2.21 ISK 271

1.36%

Eggs

$2.32 ฿75.7

$4.87 ISK 596

-52.36%

Local Cheese (1kg)

$19.67 ฿643

$9.00 ISK 1,102

118.56%

Chicken Fillets (1kg)

$3.65 ฿119

$10.93 ISK 1,338

-66.61%

Beef Round Steak (1kg)

$13.10 ฿428

$11.04 ISK 1,352

18.66%

Apples (1kg)

$3.39 ฿111

$2.17 ISK 266

56.22%

Banana (1kg)

$1.64 ฿53.7

$2.16 ISK 264

-24.07%

Oranges (1kg)

$2.41 ฿79.0

$2.23 ISK 273

8.07%

Tomato (1kg)

$2.03 ฿66.4

$2.22 ISK 272

-8.56%

Potato (1kg)

$1.56 ฿50.9

$2.17 ISK 266

-28.11%

Onion (1kg)

$1.50 ฿48.94

$2.16 ISK 265

-30.56%

Lettuce (1 head)

$1.02 ฿33.50

$0.98 ISK 120

4.08%

Water (1.5 liter bottle)

$0.49 ฿16.00

$2.02 ISK 248

-75.74%

Cigarettes 20 Pack (Marlboro, Camel)

$4.45 ฿145

Wine (Bottle)

$18.88 ฿617

Local Beer (0.5 liter bottle)

$1.78 ฿58.1

Imported Beer (0.33 liter bottle)

$2.75 ฿90.1

One-way Ticket (Public Transport)

$1.40 ฿45.81

Public Transport Monthly Pass (Regular Price)

$11.48 ฿376

Taxi Start (Normal Tariff)

$3.12 ฿102

Taxi (Normal Tariff) (1km)

$1.00 ฿32.67

Taxi 1hour Waiting (Normal Tariff)

$14.09 ฿461

Gasoline (1 liter)

$1.35 ฿44.19

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

$27.2K ฿888.9K

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

$32.9K ฿1.1M

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

$125 ฿4,087

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

$13.57 ฿444

Internet (50+ Mbps, Unlimited Data)

$18.52 ฿606

Gym Membership (Monthly)

$61.5 ฿2,010

Tennis Court (1 Hour on Weekend)

$16.84 ฿551

Cinema Ticket

$9.19 ฿300

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

$698 ฿22.8K

International Primary School, 1 Child (Yearly)

$15.6K ฿509.9K

Jeans (Levis 501 Or Similar)

$57.8 ฿1,889

Summer Dress (H&M, Zara, etc)

$35.24 ฿1,152

Sport Shoes (Adidas, Nike)

$113 ฿3,699

Men's Leather Business Shoes

$86.4 ฿2,825

1-bedroom Apartment, City Center (Monthly)

$616 ฿20.1K

1-bedroom Apartment, Outside City Center (Monthly)

$446 ฿14.6K

3-bedroom Apartment, City Center (Monthly)

$2,048 ฿67.0K

3-bedroom Apartment, Outside City Center (Monthly)

$1,492 ฿48.8K

Buy Apartment in City Center (m2)

$3,779 ฿123.6K

Buy Apartment Outside City Center (m2)

$2,649 ฿86.6K

Average Monthly Net Salary (After Tax)

$524 ฿17.1K

$5,782 ISK 707.9K

-90.94%

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: April 27, 2026

Last update for Bakkafjordur: April 27, 2026

Cost Breakdown

Salaries run about 1004% 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 $1,847 per month in Phuket and $378 in Bakkafjordur. That covers rent, food, utilities, transport, and enough left over to feel settled – not just surviving.

Monthly expenses with rent come to $1,232 in Phuket and $252 in Bakkafjordur. The difference isn't just one category – it shows up across housing, food, transport, and services.

Groceries cost about 18% 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 $252, than in Phuket at $1,232. 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 $252 versus $1,232 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.