Last update: Nov 2026

Cost of Living Comparison Between Selfoss and Drangsnes

For one person, living is cheaper in Drangsnes: $1,726 a month against $3,397 in Selfoss, rent and utilities included – about $20,100 less a year. Higher rent and utilities in Selfoss outweigh lower spending on other living expenses.

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Cost of Living Index in Drangsnes
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Drangsnes Living Index

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Selfoss

🇮🇸 Iceland

$3,397

/mo nomad

Drangsnes

🇮🇸 Iceland

$1,726

/mo nomad

Monthly Cost of Living

How much you'll spend in Selfoss and in Drangsnes

Real prices from locals and on-the-ground checks – rent, groceries, transit and the daily extras. Here's what a month in Selfoss and in Drangsnes actually costs, broken down by who's living it.

Monthly costs for one person with rent: $3,397 in Selfoss versus $1,726 in Drangsnes.

Selfoss $3,397
Drangsnes $1,726

Estimated couple costs with rent: $2,424 in Selfoss versus $2,935 in Drangsnes.

Selfoss $2,424
Drangsnes $2,935

Monthly costs for a family of three with rent: $1,451 in Selfoss versus $4,144 in Drangsnes.

Selfoss $1,451
Drangsnes $4,144

Living in Selfoss is roughly 97% more expensive than in Drangsnes.

Both cities are pricier than the global median: Selfoss 151% above, Drangsnes 28% above.

Meal at Budget Restaurant

$31.74 ISK 3,853

Three-Course Dinner for Two, Mid-Range

$122 ISK 14.9K

Fast Food Meal (McDonalds, etc)

$20.19 ISK 2,451

$26.90 ISK 3,266

-24.94%

Cappuccino

$6.91 ISK 839

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

$3.41 ISK 414

Water (0.33 liter bottle)

$3.15 ISK 383

Local Beer (0.5 liter draught)

$12.45 ISK 1,511

$14.01 ISK 1,700

-11.13%

Imported Beer (0.33 liter bottle)

$12.12 ISK 1,471

Milk (1 liter)

$1.76 ISK 214

$2.12 ISK 257

-16.98%

White Bread (500g)

$7.43 ISK 902

$4.23 ISK 514

75.65%

Rice (white) (1kg)

$4.37 ISK 531

$3.65 ISK 444

19.73%

Eggs

$6.34 ISK 770

$6.96 ISK 845

-8.91%

Local Cheese (1kg)

$16.92 ISK 2,054

$21.86 ISK 2,654

-22.60%

Chicken Fillets (1kg)

$21.39 ISK 2,597

$24.27 ISK 2,946

-11.87%

Beef Round Steak (1kg)

$33.81 ISK 4,104

$42.46 ISK 5,155

-20.37%

Apples (1kg)

$2.83 ISK 343

$3.28 ISK 398

-13.72%

Banana (1kg)

$2.59 ISK 314

$2.84 ISK 344

-8.80%

Oranges (1kg)

$2.68 ISK 325

$3.17 ISK 385

-15.46%

Tomato (1kg)

$7.37 ISK 895

$6.60 ISK 801

11.67%

Potato (1kg)

$3.11 ISK 378

$3.94 ISK 478

-21.07%

Onion (1kg)

$2.16 ISK 262

$1.70 ISK 207

27.06%

Lettuce (1 head)

$3.49 ISK 424

$3.66 ISK 444

-4.64%

Water (1.5 liter bottle)

$1.40 ISK 170

$1.74 ISK 212

-19.54%

Cigarettes 20 Pack (Marlboro, Camel)

$15.52 ISK 1,884

$13.77 ISK 1,671

12.71%

Wine (Bottle)

$23.74 ISK 2,882

Local Beer (0.5 liter bottle)

$3.67 ISK 445

Imported Beer (0.33 liter bottle)

$1.16 ISK 141

$3.49 ISK 424

-66.76%

Taxi Start (Normal Tariff)

$6.64 ISK 806

Taxi (Normal Tariff) (1km)

$2.79 ISK 339

Taxi 1hour Waiting (Normal Tariff)

$80.7 ISK 9,791

Gasoline (1 liter)

$2.11 ISK 256

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

$69.7K ISK 8.5M

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

$55.5K ISK 6.7M

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

$95.5 ISK 11.6K

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

$33.11 ISK 4,019

Internet (50+ Mbps, Unlimited Data)

$87.1 ISK 10.6K

Cinema Ticket

$19.31 ISK 2,345

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

$1,168 ISK 141.9K

International Primary School, 1 Child (Yearly)

$26.3K ISK 3.2M

Jeans (Levis 501 Or Similar)

$152 ISK 18.5K

Summer Dress (H&M, Zara, etc)

$65.6 ISK 7,965

Sport Shoes (Adidas, Nike)

$179 ISK 21.7K

Men's Leather Business Shoes

$248 ISK 30.1K

1-bedroom Apartment, Outside City Center (Monthly)

$2,756 ISK 334.6K

Average Monthly Net Salary (After Tax)

$6,094 ISK 739.8K

20-Year Fixed Mortgage Interest Rate (Annual %)

8.81

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

Last update for Selfoss: November 1, 2026

Last update for Drangsnes: November 3, 2026

Monthly budget structure

Share of the monthly basket for one person, rent included.

Groceries & Markets

Selfoss

–

Drangsnes

$623 36.1%

Eating Out

Selfoss

–

Drangsnes

$538 31.2%

Clothing & Footwear

Selfoss

–

Drangsnes

$290 16.8%

Monthly Utilities & Internet

Selfoss

–

Drangsnes

$216 12.5%

Sport & Entertainment

Selfoss

–

Drangsnes

$39 * 2.2%

Getting Around

Selfoss

–

Drangsnes

$21 * 1.2%

Accommodation & Living

Selfoss

–

Drangsnes

- * 0%

Categories marked with * are only partly priced – their share counts the items that do have prices.

Good to know

🇮🇸 Selfoss

🇮🇸 Drangsnes

🕒 Local time

04:56 4:56 AM

Same time as Selfoss

🌤 Weather

👥 Population

9,000

100

💱 Currency

Icelandic Króna ISK kr

📈 Exchange rate

1,000 ISK = 8.24 USD

1,000 ISK = 7.37 EUR

1,000 ISK = 8.24 USD

1,000 ISK = 7.37 EUR

Exchange rates and currency converter

On the map

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Between locations

Selfoss Drangsnes 200 km

From you

Selfoss
Drangsnes

Distances are measured in a straight line. Your location is detected approximately.

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 Drangsnes: Cost of Living - Frequently Asked Questions

You’d need roughly $5,095 in Selfoss and $2,589 in Drangsnes to live well. The gap comes down to housing and overall price levels. Both cities are liveable on less, but these numbers represent actual comfort.

Shoppers in Selfoss pay roughly 17% less for everyday groceries. It’s an unusual reversal that partly offsets higher costs elsewhere.

All in, you’ll spend $3,397 per month in Selfoss versus $1,726 in Drangsnes – Drangsnes is about 49% cheaper, which adds up to real savings over time.

At $1,726 in Drangsnes versus $3,397 in Selfoss, a $2,000 budget is realistic in Drangsnes but tight or insufficient in Selfoss. The gap between the two cities makes Drangsnes the clear choice for anyone on this budget.

Both cities offer a good standard of living with different trade-offs. Neither is objectively better – the right pick depends on what matters most: affordability, career, cultural scene, or climate.

Safety-wise, Selfoss and Drangsnes are both considered safe, so it’s unlikely to be the deciding factor between them.