Cost of Living Comparison Between Reykjavik and Akranes Cost of Living Comparison Between Reykjavik and Akranes

🙂 Solo nomad: Reykjavik is 2.2% cheaper than Akranes without rent, and 9.5% more expensive with rent.

😐 Family of 3: Reykjavik is 16.3% more expensive than Akranes without rent, and 5% cheaper with rent.

Meal at Budget Restaurant

$26.70 ISK 3,364

$27.36 ISK 3,446

-2.41%

Three-Course Dinner for Two, Mid-Range

$145 ISK 18.2K

$146 ISK 18.4K

-0.77%

Fast Food Meal (McDonalds, etc)

$22.39 ISK 2,820

$22.31 ISK 2,811

0.36%

Cappuccino

$6.06 ISK 764

$6.05 ISK 763

0.17%

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

$3.28 ISK 414

$3.15 ISK 397

4.13%

Water (0.33 liter bottle)

$2.62 ISK 330

$2.41 ISK 304

8.71%

Local Beer (0.5 liter draught)

$13.02 ISK 1,640

$10.34 ISK 1,303

25.92%

Imported Beer (0.33 liter bottle)

$11.28 ISK 1,421

$7.80 ISK 983

44.62%

Milk (1 liter)

$1.87 ISK 235

$1.90 ISK 239

-1.58%

White Bread (500g)

$4.32 ISK 544

$2.02 ISK 255

113.86%

Rice (white) (1kg)

$3.71 ISK 468

$3.59 ISK 453

3.34%

Eggs

$6.52 ISK 821

$5.94 ISK 748

9.76%

Local Cheese (1kg)

$18.16 ISK 2,288

$18.33 ISK 2,310

-0.93%

Chicken Fillets (1kg)

$23.83 ISK 3,002

$24.13 ISK 3,039

-1.24%

Beef Round Steak (1kg)

$42.83 ISK 5,395

$42.32 ISK 5,331

1.21%

Apples (1kg)

$3.37 ISK 424

$3.22 ISK 406

4.66%

Banana (1kg)

$2.50 ISK 315

$2.41 ISK 303

3.73%

Oranges (1kg)

$3.03 ISK 382

$2.97 ISK 374

2.02%

Tomato (1kg)

$4.98 ISK 627

$4.77 ISK 601

4.40%

Potato (1kg)

$3.66 ISK 461

$3.70 ISK 466

-1.08%

Onion (1kg)

$2.40 ISK 302

$2.41 ISK 304

-0.41%

Lettuce (1 head)

$3.06 ISK 386

$3.15 ISK 397

-2.86%

Water (1.5 liter bottle)

$2.01 ISK 253

$2.02 ISK 255

-0.50%

Cigarettes 20 Pack (Marlboro, Camel)

$13.82 ISK 1,741

$13.77 ISK 1,734

0.36%

Wine (Bottle)

$23.58 ISK 2,971

$23.90 ISK 3,011

-1.34%

Local Beer (0.5 liter bottle)

$3.55 ISK 447

$2.78 ISK 351

27.70%

Imported Beer (0.33 liter bottle)

$3.24 ISK 408

$1.98 ISK 250

63.64%

One-way Ticket (Public Transport)

$5.19 ISK 654

$3.66 ISK 461

41.80%

Public Transport Monthly Pass (Regular Price)

$87.7 ISK 11.0K

$71.3 ISK 8,978

23.01%

Taxi Start (Normal Tariff)

$6.18 ISK 778

$6.39 ISK 804

-3.29%

Taxi (Normal Tariff) (1km)

$2.64 ISK 333

$1.04 ISK 131

153.85%

Taxi 1hour Waiting (Normal Tariff)

$87.3 ISK 11.0K

$85.9 ISK 10.8K

1.63%

Gasoline (1 liter)

$2.56 ISK 322

$2.43 ISK 306

5.35%

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

$48.0K ISK 6.0M

$46.5K ISK 5.9M

3.18%

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

$52.5K ISK 6.6M

$52.2K ISK 6.6M

0.44%

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

$88.6 ISK 11.2K

$87.1 ISK 11.0K

1.80%

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

$27.96 ISK 3,522

$26.95 ISK 3,394

3.75%

Internet (50+ Mbps, Unlimited Data)

$84.7 ISK 10.7K

$85.5 ISK 10.8K

-1.01%

Gym Membership (Monthly)

$81.7 ISK 10.3K

Tennis Court (1 Hour on Weekend)

$38.00 ISK 4,786

Cinema Ticket

$17.53 ISK 2,208

$17.73 ISK 2,234

-1.13%

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

$316 ISK 39.7K

$322 ISK 40.6K

-2.01%

International Primary School, 1 Child (Yearly)

$30.1K ISK 3.8M

$29.9K ISK 3.8M

0.60%

Jeans (Levis 501 Or Similar)

$140 ISK 17.6K

$142 ISK 17.8K

-1.36%

Summer Dress (H&M, Zara, etc)

$62.4 ISK 7,863

$60.9 ISK 7,670

2.53%

Sport Shoes (Adidas, Nike)

$182 ISK 22.9K

$184 ISK 23.2K

-1.20%

Men's Leather Business Shoes

$264 ISK 33.2K

$264 ISK 33.3K

-0.26%

1-bedroom Apartment, City Center (Monthly)

$2,225 ISK 280.3K

$3,023 ISK 380.8K

-26.39%

1-bedroom Apartment, Outside City Center (Monthly)

$2,047 ISK 257.9K

$1,884 ISK 237.3K

8.68%

3-bedroom Apartment, City Center (Monthly)

$3,154 ISK 397.3K

$4,833 ISK 608.8K

-34.74%

3-bedroom Apartment, Outside City Center (Monthly)

$2,691 ISK 339.0K

$3,648 ISK 459.6K

-26.24%

Buy Apartment in City Center (m2)

$7,541 ISK 949.9K

Buy Apartment Outside City Center (m2)

$6,257 ISK 788.1K

Average Monthly Net Salary (After Tax)

$4,489 ISK 565.5K

$5,462 ISK 688.1K

-17.82%

20-Year Fixed Mortgage Interest Rate (Annual %)

9.63

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

Last update for Reykjavik: January 10, 2026

Last update for Akranes: January 11, 2026

City Median Internet Speeds Comparison (Updated December 2025)

The chart highlights the Precision Threshold for mobile and fixed broadband internet speeds, updated quarterly.

Digital Nomad Cost of Living Index

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