Cost of Living Comparison Between Selfoss and Akureyri Cost of Living Comparison Between Selfoss and Akureyri

🙂 Solo nomad: Selfoss is 32% cheaper than Akureyri without rent, and 19.5% more expensive with rent.

🙂 Family of 3: Selfoss is 52.9% cheaper than Akureyri without rent, and 69.9% cheaper with rent.

Meal at Budget Restaurant

$24.36 ISK 2,989

Three-Course Dinner for Two, Mid-Range

$129 ISK 15.8K

Fast Food Meal (McDonalds, etc)

$20.40 ISK 2,502

$22.26 ISK 2,731

-8.36%

Cappuccino

$4.94 ISK 606

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

$3.40 ISK 417

Water (0.33 liter bottle)

$2.94 ISK 361

Local Beer (0.5 liter draught)

$11.87 ISK 1,457

$10.83 ISK 1,329

9.60%

Imported Beer (0.33 liter bottle)

$9.15 ISK 1,122

Milk (1 liter)

$1.75 ISK 215

$2.75 ISK 337

-36.36%

White Bread (500g)

$7.34 ISK 900

$2.26 ISK 277

224.78%

Rice (white) (1kg)

$4.34 ISK 532

$2.97 ISK 364

46.13%

Eggs

$6.39 ISK 784

$8.20 ISK 1,006

-22.07%

Local Cheese (1kg)

$16.74 ISK 2,053

Chicken Fillets (1kg)

$20.50 ISK 2,515

$23.90 ISK 2,933

-14.23%

Beef Round Steak (1kg)

$32.61 ISK 4,001

Apples (1kg)

$2.77 ISK 340

Banana (1kg)

$2.61 ISK 321

Oranges (1kg)

$2.69 ISK 330

Tomato (1kg)

$7.02 ISK 862

Potato (1kg)

$3.20 ISK 393

Onion (1kg)

$2.03 ISK 249

Lettuce (1 head)

$3.58 ISK 439

Water (1.5 liter bottle)

$1.33 ISK 163

Cigarettes 20 Pack (Marlboro, Camel)

$15.25 ISK 1,872

$13.29 ISK 1,630

14.75%

Imported Beer (0.33 liter bottle)

$1.10 ISK 135

Gasoline (1 liter)

$2.58 ISK 316

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

$39.8K ISK 4.9M

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

$64.6K ISK 7.9M

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

$120 ISK 14.7K

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

$25.46 ISK 3,124

Internet (50+ Mbps, Unlimited Data)

$160 ISK 19.6K

Gym Membership (Monthly)

$82.2 ISK 10.1K

Cinema Ticket

$14.83 ISK 1,819

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

$355 ISK 43.5K

Jeans (Levis 501 Or Similar)

$80.5 ISK 9,880

Sport Shoes (Adidas, Nike)

$120 ISK 14.7K

1-bedroom Apartment, City Center (Monthly)

$1,742 ISK 213.7K

1-bedroom Apartment, Outside City Center (Monthly)

$2,844 ISK 349.0K

$1,788 ISK 219.4K

59.05%

3-bedroom Apartment, Outside City Center (Monthly)

$2,094 ISK 256.9K

Buy Apartment in City Center (m2)

$6,470 ISK 793.8K

Buy Apartment Outside City Center (m2)

$6,520 ISK 800.0K

20-Year Fixed Mortgage Interest Rate (Annual %)

9.4

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

Last update for Selfoss: March 1, 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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