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

Monthly Cost of Living

A single person spends $3,517 per month in Selfoss vs $249 in Bakkafjordur, rent included.

A couple spends around $2,487 per month in Selfoss vs $419 in Bakkafjordur, rent included.

A family of three spends $1,456 per month in Selfoss vs $588 in Bakkafjordur, rent included.

Selfoss costs about 1313% more than Bakkafjordur, driven mainly by Groceries & Markets.

Selfoss sits 157% above the global median, while Bakkafjordur is 82% below – they fall on opposite sides of the world average.

Fast Food Meal (McDonalds, etc)

$20.56 ISK 2,498

Local Beer (0.5 liter draught)

$11.99 ISK 1,457

Milk (1 liter)

$1.77 ISK 215

White Bread (500g)

$7.32 ISK 890

$2.25 ISK 273

225.33%

Rice (white) (1kg)

$4.52 ISK 549

$2.17 ISK 264

108.29%

Eggs

$6.33 ISK 768

$4.88 ISK 594

29.71%

Local Cheese (1kg)

$16.95 ISK 2,059

$8.62 ISK 1,048

96.64%

Chicken Fillets (1kg)

$20.73 ISK 2,519

$10.87 ISK 1,321

90.71%

Beef Round Steak (1kg)

$33.89 ISK 4,118

$11.00 ISK 1,336

208.09%

Apples (1kg)

$2.70 ISK 328

$2.15 ISK 261

25.58%

Banana (1kg)

$2.67 ISK 324

$2.16 ISK 262

23.61%

Oranges (1kg)

$2.61 ISK 317

$2.26 ISK 274

15.49%

Tomato (1kg)

$7.14 ISK 867

$2.19 ISK 266

226.03%

Potato (1kg)

$3.26 ISK 396

$2.22 ISK 270

46.85%

Onion (1kg)

$2.10 ISK 255

$2.22 ISK 270

-5.41%

Lettuce (1 head)

$3.62 ISK 440

$0.98 ISK 119

269.39%

Water (1.5 liter bottle)

$1.42 ISK 172

$1.95 ISK 237

-27.18%

Cigarettes 20 Pack (Marlboro, Camel)

$15.35 ISK 1,865

Imported Beer (0.33 liter bottle)

$1.11 ISK 135

1-bedroom Apartment, Outside City Center (Monthly)

$2,856 ISK 347.0K

Average Monthly Net Salary (After Tax)

$5,825 ISK 707.8K

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

Last update for Selfoss: August 18, 2026

Last update for Bakkafjordur: August 16, 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 1313% 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 $5,275 per month in Selfoss and $373 in Bakkafjordur. That covers rent, food, utilities, transport, and enough left over to feel settled – not just surviving.

Monthly expenses with rent come to $3,517 in Selfoss and $249 in Bakkafjordur. The difference isn't just one category – it shows up across housing, food, transport, and services.

Groceries cost about 109% 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 $3,517 in Selfoss and $249 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.