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Cost of Living in Drangsnes - Updated Prices & Insights

Solo nomad: Estimated monthly costs are $1,671 (excluding rent), and $1,613 including rent.
Family of 3: Estimated monthly costs are $3,500 (excluding rent), and $4,089 including rent.
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🍽 Eating Out
Cost
Range
Meal at Budget Restaurant
$27.39 ISK 3,451
$15.54 ISK 1,957
$49.07 ISK 6,181
Three-Course Dinner for Two, Mid-Range
$144 ISK 18.1K
$80.0 ISK 10.1K
$240 ISK 30.2K
Fast Food Meal (McDonalds, etc)
$22.70 ISK 2,859
$19.46 ISK 2,452
$27.56 ISK 3,472
Cappuccino
$5.93 ISK 747
$3.90 ISK 492
$7.41 ISK 933
Coke/Pepsi/Fanta/Sprite (0.33 liter bottle)
$3.30 ISK 415
$2.39 ISK 301
$4.01 ISK 505
Water (0.33 liter bottle)
$2.54 ISK 320
$1.99 ISK 251
$3.82 ISK 481
Local Beer (0.5 liter draught)
$12.88 ISK 1,623
$8.05 ISK 1,014
$14.49 ISK 1,826
Imported Beer (0.33 liter bottle)
$11.16 ISK 1,406
$8.77 ISK 1,105
$14.36 ISK 1,808
🛒 Groceries & Markets
Cost
Range
Milk (1 liter)
$1.89 ISK 239
$1.63 ISK 205
$2.79 ISK 351
White Bread (500g)
$4.23 ISK 533
$2.60 ISK 327
$7.96 ISK 1,003
Rice (white) (1kg)
$3.74 ISK 471
$2.44 ISK 307
$6.42 ISK 809
Eggs
$6.24 ISK 786
$4.72 ISK 595
$8.50 ISK 1,071
Local Cheese (1kg)
$18.36 ISK 2,312
$11.38 ISK 1,434
$24.40 ISK 3,073
Chicken Fillets (1kg)
$23.65 ISK 2,979
$11.84 ISK 1,491
$28.09 ISK 3,539
Beef Round Steak (1kg)
$42.48 ISK 5,352
$24.11 ISK 3,037
$56.4 ISK 7,099
Apples (1kg)
$3.32 ISK 419
$2.19 ISK 276
$4.88 ISK 615
Banana (1kg)
$2.53 ISK 319
$2.26 ISK 285
$4.53 ISK 571
Oranges (1kg)
$3.09 ISK 390
$2.44 ISK 308
$4.89 ISK 616
Tomato (1kg)
$4.98 ISK 627
$3.61 ISK 454
$7.20 ISK 907
Potato (1kg)
$3.54 ISK 446
$2.36 ISK 298
$4.41 ISK 556
Onion (1kg)
$2.44 ISK 307
$1.44 ISK 182
$4.53 ISK 570
Lettuce (1 head)
$3.17 ISK 399
$1.85 ISK 232
$5.28 ISK 665
Water (1.5 liter bottle)
$1.91 ISK 241
$0.97 ISK 122
$3.52 ISK 443
Cigarettes 20 Pack (Marlboro, Camel)
$13.42 ISK 1,691
$11.84 ISK 1,492
$14.93 ISK 1,880
Wine (Bottle)
$24.23 ISK 3,052
$14.93 ISK 1,881
$40.37 ISK 5,085
Local Beer (0.5 liter bottle)
$3.55 ISK 448
$3.12 ISK 394
$3.91 ISK 493
Imported Beer (0.33 liter bottle)
$3.23 ISK 407
$2.06 ISK 259
$4.74 ISK 598
🚌 Getting Around
Cost
Range
Taxi Start (Normal Tariff)
$6.25 ISK 788
$5.54 ISK 699
$7.92 ISK 998
Taxi (Normal Tariff) (1km)
$2.52 ISK 317
$2.09 ISK 264
$3.34 ISK 420
Taxi 1hour Waiting (Normal Tariff)
$85.2 ISK 10.7K
$78.8 ISK 9,925
$95.5 ISK 12.0K
Gasoline (1 liter)
$2.54 ISK 320
$2.39 ISK 301
$2.62 ISK 331
Midsize Hatchback 1.4l (Volkswagen Golf, Toyota Prius, Honda Civic, etc)
$47.5K ISK 6.0M
$44.4K ISK 5.6M
$49.9K ISK 6.3M
Compact Sedan 1.6l (Toyota Corolla, Mazda3, Kia K4, Hyundai Elantra, etc)
$52.2K ISK 6.6M
$49.8K ISK 6.3M
$56.3K ISK 7.1M
🧾 Monthly Utilities & Internet
Cost
Range
Utilities for 2 People in 2-bedroom Apartment (Heating, Electricity, Gas, Water, Garbage) (85m2)
$88.1 ISK 11.1K
$60.9 ISK 7,669
$201 ISK 25.4K
SIM Card Monthly Plan (Calls and 10GB+ Data)
$27.75 ISK 3,496
$20.33 ISK 2,560
$40.65 ISK 5,121
Internet (50+ Mbps, Unlimited Data)
$85.1 ISK 10.7K
$60.2 ISK 7,584
$120 ISK 15.1K
🎉 Sport & Entertainment
Cost
Range
Cinema Ticket
$17.38 ISK 2,189
$14.29 ISK 1,800
$18.25 ISK 2,299
🧸 Childcare & Education
Cost
Range
Preschool or Kindergarten, Full Day, Private, 1 Child (Monthly)
$328 ISK 41.3K
$274 ISK 34.5K
$410 ISK 51.6K
International Primary School, 1 Child (Yearly)
$30.4K ISK 3.8M
$30.4K ISK 3.8M
$30.4K ISK 3.8M
👕👟 Clothing & Footwear
Cost
Range
Jeans (Levis 501 Or Similar)
$142 ISK 17.8K
$98.2 ISK 12.4K
$180 ISK 22.7K
Summer Dress (H&M, Zara, etc)
$62.6 ISK 7,887
$40.83 ISK 5,144
$106 ISK 13.4K
Sport Shoes (Adidas, Nike)
$183 ISK 23.0K
$121 ISK 15.2K
$241 ISK 30.4K
Men's Leather Business Shoes
$264 ISK 33.2K
$143 ISK 18.1K
$335 ISK 42.2K
💵 Salaries & Financials
Cost
Range
Average Monthly Net Salary (After Tax)
$5,980 ISK 753.3K
-
20-Year Fixed Mortgage Interest Rate (Annual %)
9.63
5
11

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

Last update: January 11, 2026

Drangsnes Median Internet Speeds (Updated December 2025)

Mobile

Download
113
Mbps
Upload
12
Mbps
Latency
23
ms

Fixed Broadband

Download
229
Mbps
Upload
195
Mbps
Latency
16
ms
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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Cost of Living in Drangsnes - Frequently Asked Questions
Is Drangsnes affordable for travelers, expats, and digital nomads?
Compared with Iceland's larger towns, Drangsnes tends to feel more affordable for longer stays, though comfort depends on season and access. Lodging usually centers on small guesthouses or cottages with flexible pricing, and groceries reflect the rural supply chain rather than city markups. Dining out is limited, so most days lean toward home cooking or simple locally sourced options. Transportation costs can rise if constant travel to bigger towns is needed, but the quiet pace saves on incidentals. Cost of Living in Drangsnes, Iceland tends to echo lifestyle choices – be prepared to prioritize essentials and outdoor activities over mass-market amenities. Tip: Start with a short stay to test pace and local shopping before committing long-term.
What does daily life look like for housing, meals, transport, and errands in Drangsnes?
Daily life in Drangsnes centers on practical routines. Housing options range from simple rental cottages to seasonal stays, usually with good value for smaller spaces. Food comes from a mix of local shops and occasional trips to larger towns, so budgeting around a few groceries per week helps. Transport relies on a car or limited bus services, with fuel and upkeep being the main recurring costs; bike-friendly routes add flexibility. Co-working or remote work can work from a quiet home or a local cafe when available. For a gauge, consider the Drangsnes, Iceland living cost alongside your work needs and travel plans. Tip: Align errands with a weekly shopping route and use seasonal produce to stretch a budget.
What budgeting strategies help maintain quality of life in Drangsnes, considering seasonality and neighborhood fit?
Quality of life here comes from balance rather than big-city choices. A practical budgeting framework favors clear fixed costs – housing, utilities, and transport – plus flexible categories for dining, entertainment, and gear for outdoor adventures. In winter, heating and wind resilience shape daily routines; in summer, longer daylight invites hikes and sea swims that cost little beyond gear and maintenance. Neighborhood fit depends on proximity to the sea, a dockside vibe, or quiet hillside paths; choose a base that minimizes unnecessary travel. Plan ahead for seasonal service gaps and build a small reserve for unexpected repairs. Tip: keep a simple monthly notebook to track habitual costs and adjust as needed.

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