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

😐 Solo nomad: Reykjavik is 76.6% more expensive than Akureyri without rent, and 27.9% more expensive with rent.

😐 Family of 3: Reykjavik is 75.4% more expensive than Akureyri without rent, and 48.6% more expensive with rent.

Meal at Budget Restaurant

$26.47 ISK 3,231

$24.27 ISK 2,962

9.06%

Three-Course Dinner for Two, Mid-Range

$142 ISK 17.4K

$130 ISK 15.9K

9.29%

Fast Food Meal (McDonalds, etc)

$22.61 ISK 2,760

$21.94 ISK 2,678

3.05%

Cappuccino

$6.17 ISK 753

$5.01 ISK 611

23.15%

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

$3.35 ISK 409

$3.39 ISK 414

-1.18%

Water (0.33 liter bottle)

$2.63 ISK 321

$3.06 ISK 373

-14.05%

Local Beer (0.5 liter draught)

$12.64 ISK 1,543

$10.80 ISK 1,318

17.04%

Imported Beer (0.33 liter bottle)

$11.33 ISK 1,384

$9.44 ISK 1,152

20.02%

Milk (1 liter)

$1.93 ISK 236

$2.75 ISK 336

-29.82%

White Bread (500g)

$4.15 ISK 507

$2.35 ISK 287

76.60%

Rice (white) (1kg)

$3.74 ISK 456

$3.14 ISK 383

19.11%

Eggs

$6.27 ISK 766

$8.00 ISK 977

-21.63%

Local Cheese (1kg)

$17.92 ISK 2,188

Chicken Fillets (1kg)

$24.05 ISK 2,936

$23.91 ISK 2,919

0.59%

Beef Round Steak (1kg)

$42.07 ISK 5,136

Apples (1kg)

$3.22 ISK 393

Banana (1kg)

$2.52 ISK 307

Oranges (1kg)

$3.09 ISK 377

Tomato (1kg)

$5.09 ISK 621

Potato (1kg)

$3.58 ISK 437

Onion (1kg)

$2.44 ISK 297

Lettuce (1 head)

$3.18 ISK 389

Water (1.5 liter bottle)

$1.94 ISK 237

Cigarettes 20 Pack (Marlboro, Camel)

$13.71 ISK 1,674

$13.27 ISK 1,619

3.32%

Wine (Bottle)

$22.59 ISK 2,758

Local Beer (0.5 liter bottle)

$3.55 ISK 434

Imported Beer (0.33 liter bottle)

$3.33 ISK 406

One-way Ticket (Public Transport)

$5.28 ISK 644

Public Transport Monthly Pass (Regular Price)

$87.1 ISK 10.6K

Taxi Start (Normal Tariff)

$6.25 ISK 763

Taxi (Normal Tariff) (1km)

$2.51 ISK 307

Taxi 1hour Waiting (Normal Tariff)

$84.7 ISK 10.3K

Gasoline (1 liter)

$2.46 ISK 300

$2.45 ISK 299

0.41%

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

$46.5K ISK 5.7M

$39.7K ISK 4.8M

16.98%

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

$51.5K ISK 6.3M

$64.6K ISK 7.9M

-20.35%

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

$87.7 ISK 10.7K

$122 ISK 14.9K

-28.40%

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

$27.91 ISK 3,407

$25.27 ISK 3,084

10.45%

Internet (50+ Mbps, Unlimited Data)

$84.5 ISK 10.3K

$163 ISK 19.9K

-48.21%

Gym Membership (Monthly)

$82.7 ISK 10.1K

$85.0 ISK 10.4K

-2.79%

Tennis Court (1 Hour on Weekend)

$37.97 ISK 4,635

Cinema Ticket

$17.78 ISK 2,170

$14.79 ISK 1,805

20.22%

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

$324 ISK 39.6K

$356 ISK 43.5K

-8.97%

International Primary School, 1 Child (Yearly)

$29.7K ISK 3.6M

Jeans (Levis 501 Or Similar)

$140 ISK 17.1K

$80.3 ISK 9,805

74.55%

Summer Dress (H&M, Zara, etc)

$60.6 ISK 7,399

Sport Shoes (Adidas, Nike)

$181 ISK 22.1K

$120 ISK 14.7K

51.04%

Men's Leather Business Shoes

$263 ISK 32.1K

1-bedroom Apartment, City Center (Monthly)

$2,250 ISK 274.7K

$1,791 ISK 218.6K

25.67%

1-bedroom Apartment, Outside City Center (Monthly)

$2,007 ISK 245.0K

$1,736 ISK 211.9K

15.65%

3-bedroom Apartment, City Center (Monthly)

$3,118 ISK 380.6K

3-bedroom Apartment, Outside City Center (Monthly)

$2,755 ISK 336.3K

$2,086 ISK 254.7K

32.05%

Buy Apartment in City Center (m2)

$8,013 ISK 978.1K

$6,638 ISK 810.4K

20.70%

Buy Apartment Outside City Center (m2)

$6,528 ISK 796.9K

$6,635 ISK 809.9K

-1.60%

Average Monthly Net Salary (After Tax)

$4,449 ISK 543.1K

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: April 14, 2026

Last update for Akureyri: April 13, 2026

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

Reykjavik vs other spots: cost of living compared

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