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

😐 Solo nomad: Reykjavik is 1.3% more expensive than Akranes without rent, and 9.2% more expensive with rent.

🙂 Family of 3: Reykjavik is 3% cheaper than Akranes without rent, and 9% cheaper with rent.

Meal at Budget Restaurant

$27.22 ISK 3,406

$27.06 ISK 3,386

0.59%

Three-Course Dinner for Two, Mid-Range

$145 ISK 18.1K

$144 ISK 18.0K

0.33%

Fast Food Meal (McDonalds, etc)

$22.41 ISK 2,804

$22.09 ISK 2,764

1.45%

Cappuccino

$5.94 ISK 744

$5.98 ISK 748

-0.67%

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

$3.26 ISK 408

$3.12 ISK 390

4.49%

Water (0.33 liter bottle)

$2.54 ISK 318

$2.43 ISK 304

4.53%

Local Beer (0.5 liter draught)

$12.83 ISK 1,606

$10.49 ISK 1,313

22.31%

Imported Beer (0.33 liter bottle)

$11.46 ISK 1,434

$7.95 ISK 994

44.15%

Milk (1 liter)

$1.88 ISK 236

$1.95 ISK 244

-3.59%

White Bread (500g)

$4.33 ISK 542

$2.00 ISK 250

116.50%

Rice (white) (1kg)

$3.57 ISK 447

$3.56 ISK 445

0.28%

Eggs

$6.56 ISK 821

$5.90 ISK 739

11.19%

Local Cheese (1kg)

$18.18 ISK 2,275

$18.35 ISK 2,296

-0.93%

Chicken Fillets (1kg)

$24.52 ISK 3,068

$24.33 ISK 3,045

0.78%

Beef Round Steak (1kg)

$42.03 ISK 5,260

$41.63 ISK 5,210

0.96%

Apples (1kg)

$3.20 ISK 400

$3.22 ISK 403

-0.62%

Banana (1kg)

$2.42 ISK 303

$2.43 ISK 305

-0.41%

Oranges (1kg)

$3.06 ISK 383

$2.96 ISK 370

3.38%

Tomato (1kg)

$4.86 ISK 609

$4.85 ISK 606

0.21%

Potato (1kg)

$3.66 ISK 458

$3.52 ISK 440

3.98%

Onion (1kg)

$2.34 ISK 293

$2.33 ISK 291

0.43%

Lettuce (1 head)

$3.14 ISK 393

$3.06 ISK 383

2.61%

Water (1.5 liter bottle)

$2.02 ISK 253

$1.95 ISK 244

3.59%

Cigarettes 20 Pack (Marlboro, Camel)

$13.91 ISK 1,741

$13.41 ISK 1,677

3.73%

Wine (Bottle)

$23.74 ISK 2,971

$23.60 ISK 2,954

0.59%

Local Beer (0.5 liter bottle)

$3.69 ISK 462

$2.84 ISK 355

29.93%

Imported Beer (0.33 liter bottle)

$3.23 ISK 404

$2.04 ISK 256

58.33%

One-way Ticket (Public Transport)

$5.29 ISK 662

$3.51 ISK 440

50.71%

Public Transport Monthly Pass (Regular Price)

$88.2 ISK 11.0K

$72.0 ISK 9,014

22.45%

Taxi Start (Normal Tariff)

$6.54 ISK 818

$6.50 ISK 813

0.62%

Taxi (Normal Tariff) (1km)

$2.60 ISK 326

$1.04 ISK 130

150.00%

Taxi 1hour Waiting (Normal Tariff)

$85.8 ISK 10.7K

$86.8 ISK 10.9K

-1.10%

Gasoline (1 liter)

$2.51 ISK 315

$2.55 ISK 319

-1.57%

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

$47.1K ISK 5.9M

$46.9K ISK 5.9M

0.55%

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

$52.6K ISK 6.6M

$52.4K ISK 6.6M

0.20%

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

$89.2 ISK 11.2K

$89.3 ISK 11.2K

-0.16%

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

$27.07 ISK 3,387

$27.35 ISK 3,422

-1.02%

Internet (50+ Mbps, Unlimited Data)

$84.2 ISK 10.5K

$85.2 ISK 10.7K

-1.26%

Gym Membership (Monthly)

$84.0 ISK 10.5K

Tennis Court (1 Hour on Weekend)

$38.09 ISK 4,766

Cinema Ticket

$17.42 ISK 2,180

$17.78 ISK 2,225

-2.02%

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

$324 ISK 40.5K

$321 ISK 40.1K

0.98%

International Primary School, 1 Child (Yearly)

$30.5K ISK 3.8M

$29.6K ISK 3.7M

2.86%

Jeans (Levis 501 Or Similar)

$141 ISK 17.7K

0.23%

Summer Dress (H&M, Zara, etc)

$62.6 ISK 7,836

$61.2 ISK 7,652

2.42%

Sport Shoes (Adidas, Nike)

$183 ISK 22.9K

$180 ISK 22.5K

2.03%

Men's Leather Business Shoes

$268 ISK 33.5K

$267 ISK 33.5K

0.24%

1-bedroom Apartment, City Center (Monthly)

$2,197 ISK 274.9K

$3,016 ISK 377.4K

-27.17%

1-bedroom Apartment, Outside City Center (Monthly)

$2,053 ISK 256.9K

$1,896 ISK 237.2K

8.32%

3-bedroom Apartment, City Center (Monthly)

$3,159 ISK 395.2K

$4,768 ISK 596.6K

-33.75%

3-bedroom Apartment, Outside City Center (Monthly)

$2,728 ISK 341.4K

$3,568 ISK 446.5K

-23.54%

Buy Apartment in City Center (m2)

$7,833 ISK 980.1K

Buy Apartment Outside City Center (m2)

$6,268 ISK 784.4K

Average Monthly Net Salary (After Tax)

$4,471 ISK 559.5K

$5,728 ISK 716.8K

-21.94%

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: March 3, 2026

Last update for Akranes: March 1, 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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