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

🙂 Solo nomad: Selfoss is 48% cheaper than Akureyri without rent, and 21.8% more expensive with rent.

🙂 Family of 3: Selfoss is 33.5% cheaper than Akureyri without rent, and 70.1% cheaper with rent.

Meal at Budget Restaurant

$23.74 ISK 2,990

Three-Course Dinner for Two, Mid-Range

$131 ISK 16.5K

Fast Food Meal (McDonalds, etc)

$20.36 ISK 2,565

$22.36 ISK 2,816

-8.94%

Cappuccino

$4.82 ISK 607

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

$3.44 ISK 434

Water (0.33 liter bottle)

$3.05 ISK 385

Local Beer (0.5 liter draught)

$12.28 ISK 1,547

$11.05 ISK 1,391

11.13%

Imported Beer (0.33 liter bottle)

$9.27 ISK 1,168

Milk (1 liter)

$1.75 ISK 220

$2.73 ISK 344

-35.90%

White Bread (500g)

$7.22 ISK 909

$2.23 ISK 281

223.77%

Rice (white) (1kg)

$4.53 ISK 571

$3.06 ISK 386

48.04%

Eggs

$6.42 ISK 809

$8.24 ISK 1,038

-22.09%

Local Cheese (1kg)

$16.70 ISK 2,103

Chicken Fillets (1kg)

$20.67 ISK 2,603

$24.39 ISK 3,072

-15.25%

Beef Round Steak (1kg)

$33.43 ISK 4,212

Apples (1kg)

$2.64 ISK 332

Banana (1kg)

$2.55 ISK 321

Oranges (1kg)

$2.60 ISK 327

Tomato (1kg)

$7.10 ISK 894

Potato (1kg)

$3.11 ISK 392

Onion (1kg)

$2.11 ISK 265

Lettuce (1 head)

$3.56 ISK 448

Water (1.5 liter bottle)

$1.38 ISK 173

Cigarettes 20 Pack (Marlboro, Camel)

$15.43 ISK 1,944

$13.34 ISK 1,680

15.67%

Imported Beer (0.33 liter bottle)

$1.09 ISK 138

Gasoline (1 liter)

$2.45 ISK 309

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

$39.6K ISK 5.0M

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

$63.2K ISK 8.0M

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

$120 ISK 15.1K

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

$25.23 ISK 3,178

Internet (50+ Mbps, Unlimited Data)

$162 ISK 20.3K

Gym Membership (Monthly)

$82.8 ISK 10.4K

Cinema Ticket

$15.34 ISK 1,932

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

$355 ISK 44.7K

Jeans (Levis 501 Or Similar)

$81.7 ISK 10.3K

Sport Shoes (Adidas, Nike)

$122 ISK 15.4K

1-bedroom Apartment, City Center (Monthly)

$1,740 ISK 219.1K

1-bedroom Apartment, Outside City Center (Monthly)

$2,944 ISK 370.9K

$1,753 ISK 220.8K

67.96%

3-bedroom Apartment, Outside City Center (Monthly)

$2,121 ISK 267.1K

Buy Apartment in City Center (m2)

$6,473 ISK 815.3K

Buy Apartment Outside City Center (m2)

$6,305 ISK 794.3K

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: January 13, 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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