Cost of Living in Drangsnes - Updated Prices & Insights

Solo nomad: Estimated monthly costs are $1,507 (excluding rent), and $1,600 including rent.

Family of 3: Estimated monthly costs are $3,927 (excluding rent), and $3,962 including rent.

Meal at Budget Restaurant

$26.48 ISK 3,303

$15.02 ISK 1,874

$47.43 ISK 5,917

Three-Course Dinner for Two, Mid-Range

$143 ISK 17.9K

$79.6 ISK 9,930

$239 ISK 29.8K

Fast Food Meal (McDonalds, etc)

$22.84 ISK 2,849

$19.58 ISK 2,442

$27.73 ISK 3,459

Cappuccino

$6.02 ISK 751

$3.96 ISK 494

$7.51 ISK 937

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

$3.36 ISK 419

$2.44 ISK 304

$4.08 ISK 509

Water (0.33 liter bottle)

$2.59 ISK 323

$2.02 ISK 253

$3.89 ISK 485

Local Beer (0.5 liter draught)

$13.04 ISK 1,627

$8.15 ISK 1,017

$14.67 ISK 1,830

Imported Beer (0.33 liter bottle)

$11.22 ISK 1,399

$8.81 ISK 1,100

$14.43 ISK 1,800

Milk (1 liter)

$1.95 ISK 244

$1.68 ISK 209

$2.87 ISK 358

White Bread (500g)

$4.38 ISK 546

$2.68 ISK 335

$8.24 ISK 1,028

Rice (white) (1kg)

$3.59 ISK 448

$2.34 ISK 292

$6.17 ISK 770

Eggs

$6.41 ISK 800

$4.85 ISK 606

$8.74 ISK 1,090

Local Cheese (1kg)

$18.17 ISK 2,267

$11.27 ISK 1,406

$24.15 ISK 3,013

Chicken Fillets (1kg)

$24.55 ISK 3,063

$12.29 ISK 1,533

$29.16 ISK 3,638

Beef Round Steak (1kg)

$42.04 ISK 5,245

$23.86 ISK 2,977

$55.8 ISK 6,958

Apples (1kg)

$3.37 ISK 420

$2.22 ISK 277

$4.95 ISK 618

Banana (1kg)

$2.43 ISK 303

$2.17 ISK 271

$4.35 ISK 542

Oranges (1kg)

$2.99 ISK 373

$2.36 ISK 295

$4.73 ISK 590

Tomato (1kg)

$4.91 ISK 613

$3.56 ISK 444

$7.11 ISK 887

Potato (1kg)

$3.69 ISK 460

$2.46 ISK 307

$4.6 ISK 573

Onion (1kg)

$2.32 ISK 290

$1.38 ISK 172

$4.32 ISK 538

Lettuce (1 head)

$3.2 ISK 399

$1.86 ISK 232

$5.32 ISK 664

Water (1.5 liter bottle)

$1.95 ISK 243

$0.99 ISK 123

$3.58 ISK 447

Cigarettes 20 Pack (Marlboro, Camel)

$13.58 ISK 1,694

$11.98 ISK 1,495

$15.1 ISK 1,884

Wine (Bottle)

$23.74 ISK 2,961

$15.82 ISK 1,974

$35.6 ISK 4,441

Local Beer (0.5 liter bottle)

$3.76 ISK 469

$3.31 ISK 412

$4.14 ISK 516

Imported Beer (0.33 liter bottle)

$3.29 ISK 411

$2.1 ISK 262

$4.84 ISK 604

Taxi Start (Normal Tariff)

$6.23 ISK 778

$5.53 ISK 689

$7.89 ISK 985

Taxi (Normal Tariff) (1km)

$2.62 ISK 327

$2.17 ISK 271

$3.47 ISK 433

Taxi 1hour Waiting (Normal Tariff)

$86.6 ISK 10.8K

$80 ISK 9,984

$97 ISK 12.1K

Gasoline (1 liter)

$2.54 ISK 317

$2.39 ISK 298

$2.63 ISK 328

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

$47.5K ISK 5.9M

$44.3K ISK 5.5M

$49.9K ISK 6.2M

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

$52.9K ISK 6.6M

$50.5K ISK 6.3M

$57K ISK 7.1M

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

$88.7 ISK 11.1K

$61.4 ISK 7,654

$203 ISK 25.3K

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

$27.46 ISK 3,425

$20.11 ISK 2,509

$40.22 ISK 5,017

Internet (50+ Mbps, Unlimited Data)

$84.9 ISK 10.6K

$60.1 ISK 7,492

$120 ISK 15K

Cinema Ticket

$17.59 ISK 2,194

$14.46 ISK 1,804

$18.47 ISK 2,304

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

$325 ISK 40.6K

$272 ISK 33.9K

$407 ISK 50.8K

International Primary School, 1 Child (Yearly)

$30K ISK 3.7M

Jeans (Levis 501 Or Similar)

$139 ISK 17.3K

$96.5 ISK 12K

$177 ISK 22.1K

Summer Dress (H&M, Zara, etc)

$62.4 ISK 7,784

$40.69 ISK 5,076

$106 ISK 13.2K

Sport Shoes (Adidas, Nike)

$184 ISK 22.9K

$121 ISK 15.1K

$243 ISK 30.3K

Men's Leather Business Shoes

$261 ISK 32.6K

$142 ISK 17.7K

$332 ISK 41.4K

Average Monthly Net Salary (After Tax)

$5,949 ISK 742.2K

20-Year Fixed Mortgage Interest Rate (Annual %)

9.63

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

City tags:

🇪🇺 Europe

Cost of Living in Drangsnes - Frequently Asked Questions

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.

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.

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.