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

😐 Solo nomad: Reykjavik is 74.9% more expensive than Akureyri without rent, and 30.7% more expensive with rent.

😐 Family of 3: Reykjavik is 64.2% more expensive than Akureyri without rent, and 48.2% more expensive with rent.

Meal at Budget Restaurant

$27.22 ISK 3,375

$24.36 ISK 3,021

11.74%

Three-Course Dinner for Two, Mid-Range

$145 ISK 17.9K

$129 ISK 15.9K

12.56%

Fast Food Meal (McDonalds, etc)

$22.41 ISK 2,778

$22.26 ISK 2,760

0.67%

Cappuccino

$5.94 ISK 737

$4.94 ISK 613

20.24%

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

$3.26 ISK 404

$3.40 ISK 422

-4.12%

Water (0.33 liter bottle)

$2.54 ISK 315

$2.94 ISK 365

-13.61%

Local Beer (0.5 liter draught)

$12.83 ISK 1,591

$10.83 ISK 1,343

18.47%

Imported Beer (0.33 liter bottle)

$11.46 ISK 1,421

$9.15 ISK 1,134

25.25%

Milk (1 liter)

$1.88 ISK 234

$2.75 ISK 340

-31.64%

White Bread (500g)

$4.33 ISK 537

$2.26 ISK 280

91.59%

Rice (white) (1kg)

$3.57 ISK 443

$2.97 ISK 368

20.20%

Eggs

$6.56 ISK 813

$8.20 ISK 1,017

-20.00%

Local Cheese (1kg)

$18.18 ISK 2,254

Chicken Fillets (1kg)

$24.52 ISK 3,040

$23.90 ISK 2,964

2.59%

Beef Round Steak (1kg)

$42.03 ISK 5,212

Apples (1kg)

$3.20 ISK 397

Banana (1kg)

$2.42 ISK 300

Oranges (1kg)

$3.06 ISK 380

Tomato (1kg)

$4.86 ISK 603

Potato (1kg)

$3.66 ISK 454

Onion (1kg)

$2.34 ISK 290

Lettuce (1 head)

$3.14 ISK 389

Water (1.5 liter bottle)

$2.02 ISK 251

Cigarettes 20 Pack (Marlboro, Camel)

$13.91 ISK 1,725

$13.29 ISK 1,647

4.67%

Wine (Bottle)

$23.74 ISK 2,944

Local Beer (0.5 liter bottle)

$3.69 ISK 458

Imported Beer (0.33 liter bottle)

$3.23 ISK 400

One-way Ticket (Public Transport)

$5.29 ISK 656

Public Transport Monthly Pass (Regular Price)

$88.2 ISK 10.9K

Taxi Start (Normal Tariff)

$6.54 ISK 811

Taxi (Normal Tariff) (1km)

$2.60 ISK 323

Taxi 1hour Waiting (Normal Tariff)

$85.8 ISK 10.6K

Gasoline (1 liter)

$2.51 ISK 312

$2.58 ISK 320

-2.71%

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

$47.1K ISK 5.8M

$39.8K ISK 4.9M

18.38%

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

$52.6K ISK 6.5M

$64.6K ISK 8.0M

-18.70%

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

$89.2 ISK 11.1K

$120 ISK 14.9K

-25.77%

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

$27.07 ISK 3,356

$25.46 ISK 3,157

6.32%

Internet (50+ Mbps, Unlimited Data)

$84.2 ISK 10.4K

$160 ISK 19.8K

-47.41%

Gym Membership (Monthly)

$84.0 ISK 10.4K

$82.2 ISK 10.2K

2.10%

Tennis Court (1 Hour on Weekend)

$38.09 ISK 4,722

Cinema Ticket

$17.42 ISK 2,160

$14.83 ISK 1,839

17.46%

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

$324 ISK 40.1K

$355 ISK 44.0K

-8.70%

International Primary School, 1 Child (Yearly)

$30.5K ISK 3.8M

Jeans (Levis 501 Or Similar)

$141 ISK 17.5K

$80.5 ISK 9,985

75.67%

Summer Dress (H&M, Zara, etc)

$62.6 ISK 7,765

Sport Shoes (Adidas, Nike)

$183 ISK 22.7K

$120 ISK 14.9K

52.70%

Men's Leather Business Shoes

$268 ISK 33.2K

1-bedroom Apartment, City Center (Monthly)

$2,197 ISK 272.4K

$1,742 ISK 215.9K

26.14%

1-bedroom Apartment, Outside City Center (Monthly)

$2,053 ISK 254.6K

$1,788 ISK 221.7K

14.82%

3-bedroom Apartment, City Center (Monthly)

$3,159 ISK 391.6K

3-bedroom Apartment, Outside City Center (Monthly)

$2,728 ISK 338.3K

$2,094 ISK 259.6K

30.29%

Buy Apartment in City Center (m2)

$7,833 ISK 971.2K

$6,470 ISK 802.2K

21.07%

Buy Apartment Outside City Center (m2)

$6,268 ISK 777.2K

$6,520 ISK 808.5K

-3.87%

Average Monthly Net Salary (After Tax)

$4,471 ISK 554.4K

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: March 3, 2026

Last update for Akureyri: March 3, 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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