Cost of Living Comparison Between Selfoss and Akranes Cost of Living Comparison Between Selfoss and Akranes

🙂 Solo nomad: Selfoss is 60.6% cheaper than Akranes without rent, and 0.1% cheaper with rent.

🙂 Family of 3: Selfoss is 72.2% cheaper than Akranes without rent, and 81.6% cheaper with rent.

Meal at Budget Restaurant

$27.06 ISK 3,386

Three-Course Dinner for Two, Mid-Range

$144 ISK 18.0K

Fast Food Meal (McDonalds, etc)

$20.40 ISK 2,552

$22.09 ISK 2,764

-7.65%

Cappuccino

$5.98 ISK 748

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

$3.12 ISK 390

Water (0.33 liter bottle)

$2.43 ISK 304

Local Beer (0.5 liter draught)

$11.87 ISK 1,486

$10.49 ISK 1,313

13.16%

Imported Beer (0.33 liter bottle)

$7.95 ISK 995

Milk (1 liter)

$1.75 ISK 219

$1.95 ISK 244

-10.26%

White Bread (500g)

$7.34 ISK 918

$2.00 ISK 250

267.00%

Rice (white) (1kg)

$4.34 ISK 543

$3.56 ISK 445

21.91%

Eggs

$6.39 ISK 800

$5.90 ISK 739

8.31%

Local Cheese (1kg)

$16.74 ISK 2,094

$18.35 ISK 2,297

-8.77%

Chicken Fillets (1kg)

$20.50 ISK 2,565

$24.33 ISK 3,045

-15.74%

Beef Round Steak (1kg)

$32.61 ISK 4,081

$41.63 ISK 5,210

-21.67%

Apples (1kg)

$2.77 ISK 347

$3.22 ISK 403

-13.98%

Banana (1kg)

$2.61 ISK 327

$2.43 ISK 305

7.41%

Oranges (1kg)

$2.69 ISK 337

$2.96 ISK 370

-9.12%

Tomato (1kg)

$7.02 ISK 879

$4.85 ISK 607

44.74%

Potato (1kg)

$3.20 ISK 401

$3.52 ISK 440

-9.09%

Onion (1kg)

$2.03 ISK 254

$2.33 ISK 291

-12.88%

Lettuce (1 head)

$3.58 ISK 448

$3.06 ISK 383

16.99%

Water (1.5 liter bottle)

$1.33 ISK 167

$1.95 ISK 244

-31.79%

Cigarettes 20 Pack (Marlboro, Camel)

$15.25 ISK 1,909

$13.41 ISK 1,678

13.72%

Wine (Bottle)

$23.60 ISK 2,954

Local Beer (0.5 liter bottle)

$2.84 ISK 355

Imported Beer (0.33 liter bottle)

$1.10 ISK 138

$2.04 ISK 256

-46.08%

One-way Ticket (Public Transport)

$3.51 ISK 440

Public Transport Monthly Pass (Regular Price)

$72.0 ISK 9,015

Taxi Start (Normal Tariff)

$6.50 ISK 813

Taxi (Normal Tariff) (1km)

$1.04 ISK 130

Taxi 1hour Waiting (Normal Tariff)

$86.8 ISK 10.9K

Gasoline (1 liter)

$2.55 ISK 319

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

$46.9K ISK 5.9M

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

$52.4K ISK 6.6M

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

$89.3 ISK 11.2K

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

$27.35 ISK 3,422

Internet (50+ Mbps, Unlimited Data)

$85.2 ISK 10.7K

Cinema Ticket

$17.78 ISK 2,225

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

$321 ISK 40.1K

International Primary School, 1 Child (Yearly)

$29.6K ISK 3.7M

Jeans (Levis 501 Or Similar)

$141 ISK 17.7K

Summer Dress (H&M, Zara, etc)

$61.2 ISK 7,652

Sport Shoes (Adidas, Nike)

$180 ISK 22.5K

Men's Leather Business Shoes

$267 ISK 33.5K

1-bedroom Apartment, City Center (Monthly)

$3,016 ISK 377.5K

1-bedroom Apartment, Outside City Center (Monthly)

$2,844 ISK 355.9K

$1,896 ISK 237.2K

50.05%

3-bedroom Apartment, City Center (Monthly)

$4,768 ISK 596.6K

3-bedroom Apartment, Outside City Center (Monthly)

$3,568 ISK 446.5K

Average Monthly Net Salary (After Tax)

$5,728 ISK 716.8K

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 Selfoss: March 1, 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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