Cost of Living Comparison Between Reykjavik and Akureyri Cost of Living Comparison Between Reykjavik and Akureyri

😐 Solo nomad: Reykjavik is 59.3% more expensive than Akureyri without rent, and 32.8% more expensive with rent.

😐 Family of 3: Reykjavik is 84.2% more expensive than Akureyri without rent, and 49% more expensive with rent.

Meal at Budget Restaurant

$26.70 ISK 3,364

$23.74 ISK 2,990

12.47%

Three-Course Dinner for Two, Mid-Range

$145 ISK 18.2K

$131 ISK 16.5K

10.75%

Fast Food Meal (McDonalds, etc)

$22.39 ISK 2,820

$22.36 ISK 2,816

0.13%

Cappuccino

$6.06 ISK 764

$4.82 ISK 607

25.73%

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

$3.28 ISK 414

$3.44 ISK 434

-4.65%

Water (0.33 liter bottle)

$2.62 ISK 330

$3.05 ISK 385

-14.10%

Local Beer (0.5 liter draught)

$13.02 ISK 1,640

$11.05 ISK 1,391

17.83%

Imported Beer (0.33 liter bottle)

$11.28 ISK 1,421

$9.27 ISK 1,168

21.68%

Milk (1 liter)

$1.87 ISK 235

$2.73 ISK 344

-31.50%

White Bread (500g)

$4.32 ISK 544

$2.23 ISK 281

93.72%

Rice (white) (1kg)

$3.71 ISK 468

$3.06 ISK 386

21.24%

Eggs

$6.52 ISK 821

$8.24 ISK 1,038

-20.87%

Local Cheese (1kg)

$18.16 ISK 2,288

Chicken Fillets (1kg)

$23.83 ISK 3,002

$24.39 ISK 3,072

-2.30%

Beef Round Steak (1kg)

$42.83 ISK 5,395

Apples (1kg)

$3.37 ISK 424

Banana (1kg)

$2.50 ISK 315

Oranges (1kg)

$3.03 ISK 382

Tomato (1kg)

$4.98 ISK 627

Potato (1kg)

$3.66 ISK 461

Onion (1kg)

$2.40 ISK 302

Lettuce (1 head)

$3.06 ISK 386

Water (1.5 liter bottle)

$2.01 ISK 253

Cigarettes 20 Pack (Marlboro, Camel)

$13.82 ISK 1,741

$13.34 ISK 1,680

3.60%

Wine (Bottle)

$23.58 ISK 2,971

Local Beer (0.5 liter bottle)

$3.55 ISK 447

Imported Beer (0.33 liter bottle)

$3.24 ISK 408

One-way Ticket (Public Transport)

$5.19 ISK 654

Public Transport Monthly Pass (Regular Price)

$87.7 ISK 11.0K

Taxi Start (Normal Tariff)

$6.18 ISK 778

Taxi (Normal Tariff) (1km)

$2.64 ISK 333

Taxi 1hour Waiting (Normal Tariff)

$87.3 ISK 11.0K

Gasoline (1 liter)

$2.56 ISK 322

$2.45 ISK 309

4.49%

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

$48.0K ISK 6.0M

$39.6K ISK 5.0M

21.05%

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

$52.5K ISK 6.6M

$63.2K ISK 8.0M

-17.00%

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

$88.6 ISK 11.2K

$120 ISK 15.1K

-26.15%

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

$27.96 ISK 3,522

$25.23 ISK 3,178

10.82%

Internet (50+ Mbps, Unlimited Data)

$84.7 ISK 10.7K

$162 ISK 20.3K

-47.59%

Gym Membership (Monthly)

$81.7 ISK 10.3K

$82.8 ISK 10.4K

-1.32%

Tennis Court (1 Hour on Weekend)

$38.00 ISK 4,786

Cinema Ticket

$17.53 ISK 2,208

$15.34 ISK 1,932

14.28%

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

$316 ISK 39.7K

$355 ISK 44.7K

-11.05%

International Primary School, 1 Child (Yearly)

$30.1K ISK 3.8M

Jeans (Levis 501 Or Similar)

$140 ISK 17.6K

$81.7 ISK 10.3K

70.82%

Summer Dress (H&M, Zara, etc)

$62.4 ISK 7,863

Sport Shoes (Adidas, Nike)

$182 ISK 22.9K

$122 ISK 15.4K

48.74%

Men's Leather Business Shoes

$264 ISK 33.2K

1-bedroom Apartment, City Center (Monthly)

$2,225 ISK 280.3K

$1,740 ISK 219.1K

27.92%

1-bedroom Apartment, Outside City Center (Monthly)

$2,047 ISK 257.9K

$1,753 ISK 220.8K

16.81%

3-bedroom Apartment, City Center (Monthly)

$3,154 ISK 397.3K

3-bedroom Apartment, Outside City Center (Monthly)

$2,691 ISK 339.0K

$2,121 ISK 267.1K

26.89%

Buy Apartment in City Center (m2)

$7,541 ISK 949.9K

$6,473 ISK 815.3K

16.50%

Buy Apartment Outside City Center (m2)

$6,257 ISK 788.1K

$6,305 ISK 794.3K

-0.77%

Average Monthly Net Salary (After Tax)

$4,489 ISK 565.5K

20-Year Fixed Mortgage Interest Rate (Annual %)

9.63

9.4

2.45%

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

Last update for Reykjavik: January 10, 2026

Last update for Akureyri: January 12, 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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