Cost of Living Comparison Between Selfoss and Bakkafjordur Cost of Living Comparison Between Selfoss and Bakkafjordur

Monthly Cost of Living

A single person spends $3,533 per month in Selfoss vs $243 in Bakkafjordur, rent included.

A couple spends around $2,478 per month in Selfoss vs $415 in Bakkafjordur, rent included.

A family of three spends $1,422 per month in Selfoss vs $586 in Bakkafjordur, rent included.

Selfoss costs about 1352% more than Bakkafjordur, driven mainly by Groceries & Markets.

Selfoss sits 163% above the global median, while Bakkafjordur is 82% below – they fall on opposite sides of the world average.

Fast Food Meal (McDonalds, etc)

$19.63 ISK 2,444

Local Beer (0.5 liter draught)

$12.26 ISK 1,527

Milk (1 liter)

$1.75 ISK 218

White Bread (500g)

$7.42 ISK 924

$2.26 ISK 281

228.32%

Rice (white) (1kg)

$4.32 ISK 538

$2.23 ISK 278

93.72%

Eggs

$6.22 ISK 774

$4.82 ISK 600

29.05%

Local Cheese (1kg)

$16.97 ISK 2,113

$8.68 ISK 1,081

95.51%

Chicken Fillets (1kg)

$21.17 ISK 2,635

$11.15 ISK 1,389

89.87%

Beef Round Steak (1kg)

$33.10 ISK 4,121

$10.92 ISK 1,360

203.11%

Apples (1kg)

$2.76 ISK 344

$2.23 ISK 278

23.77%

Banana (1kg)

$2.59 ISK 322

$2.18 ISK 271

18.81%

Oranges (1kg)

$2.57 ISK 320

$2.25 ISK 280

14.22%

Tomato (1kg)

$7.15 ISK 891

$2.16 ISK 269

231.02%

Potato (1kg)

$3.14 ISK 391

$2.22 ISK 276

41.44%

Onion (1kg)

$2.07 ISK 257

$2.23 ISK 277

-7.17%

Lettuce (1 head)

$3.59 ISK 447

$0.98 ISK 121

266.33%

Water (1.5 liter bottle)

$1.34 ISK 167

$2.02 ISK 252

-33.66%

Cigarettes 20 Pack (Marlboro, Camel)

$15.37 ISK 1,914

Imported Beer (0.33 liter bottle)

$1.10 ISK 137

1-bedroom Apartment, Outside City Center (Monthly)

$2,884 ISK 359.0K

Average Monthly Net Salary (After Tax)

$5,815 ISK 724.0K

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

Last update for Selfoss: June 8, 2026

Last update for Bakkafjordur: June 7, 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

Selfoss vs Bakkafjordur: Cost of Living - Frequently Asked Questions

Selfoss costs about 1352% more than Bakkafjordur, with the gap driven mainly by Groceries & Markets. That's enough to noticeably affect everyday spending and lifestyle for anyone choosing between the two.

For a comfortable life, plan on about $5,299 per month in Selfoss and $365 in Bakkafjordur. That covers rent, food, utilities, transport, and enough left over to feel settled – not just surviving.

Monthly expenses with rent come to $3,533 in Selfoss and $243 in Bakkafjordur. The difference isn't just one category – it shows up across housing, food, transport, and services.

Groceries cost about 106% more in Selfoss, though it depends on what you buy. Local produce may be comparable; imported and premium items show the biggest price gap.

$800 covers both cities comfortably – all-in costs are $3,533 in Selfoss and $243 in Bakkafjordur, leaving budget for savings and extras in both cases.

Families tend to lean toward Bakkafjordur – lower housing and cheaper childcare make a real difference, especially on a single income or when paying for private education.

Both have safer and rougher neighborhoods, but overall safety is comparable to other large cities. Neighborhood choice matters more than the city-level comparison – central, well-trafficked areas feel secure in both.

If budget matters most, go with Bakkafjordur. If higher salaries, better infrastructure, or specific career opportunities are the priority, Selfoss makes more sense. Both are solid long-term options with distinct trade-offs.