Cost of living
Akureyri compared to Reykjavik
🏛️
Overview comparison
AkureyriReykjavik
Consumer prices in Reykjavik are roughly 20% higher than in Akureyri.
Cost of living
| Item | Akureyri | Reykjavik |
|---|
| Total with rent one person | 2,116 | 3,355 |
|---|
| Total with rent family | 4,693 | 6,198 |
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| Without rent one person | 1,197 | 954 |
|---|
| Without rent one family | 2,453 | 3,633 |
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| Rent & Utilities person | 1,185.14 | 1,818.18 |
|---|
| Rent & Utilities family | 2,110.36 | 3,091.73 |
|---|
| Food person | 710 | 710 |
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| Food family | 1,697 | 2,224 |
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| Transport person | 67.28 | 105.23 |
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| Transport family | 223.41 | 246.75 |
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| Life expectancy | 76 years | 71.2 years |
|---|
Eating Out
| Item | Akureyri | Reykjavik |
|---|
| Lunch Menu | 24.59 | 23.12 |
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| Dinner in a Restaurant, for 2 | 125.36 | 122.12 |
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| Fast food meal, equiv. McDonald's | 17.97 | 23.02 |
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| Beer in a Pub, 0.5 L or 16 fl oz | 9.84 | 8.92 |
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| Cappuccino | 4.22 | 5.33 |
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| Pepsi / Coke, 0.5 L or 16.9 fl oz | 3.01 | 3.24 |
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Rent & Utilities
| Item | Akureyri | Reykjavik |
|---|
| 1 bedroom apartment in city Center, 40 m2 or 430 ft2 | 1,300.08 | 2,054.8 |
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| Cheap 1 bedroom apartment, 40 m2 or 430 ft2 | 1,006.7 | 1,779.83 |
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| 3 bedroom apartment in city Center, 80 m2 or 860 ft2 | 2,007.34 | 2,155.13 |
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| Cheap 3 bedroom apartment, 80 m2 or 860 ft2 | 2,078 | 2,705.84 |
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| Utility Bill one person, electricity, heating, water, etc. | 84.72 | 40.45 |
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| Utility Bill for a Family, electricity, heating, water, etc. | 117.4 | 76.87 |
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| Internet plan, 25 Mbps+ 1 month unlimited | 94.42 | 87.08 |
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Transportation
| Item | Akureyri | Reykjavik |
|---|
| Local transport ticket | 5.8 | 8.28 |
|---|
| Monthly ticket local transport | 4,655 | 7,614 |
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| Taxi Ride, 8 km or 5 mi | 3,641 | 4,196 |
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| Gas / Petrol, 1 L or 0.26 gal | 3.87 | 4.06 |
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| Mortgage Interest Rate for 20 Years | 68.9% | 72.58% |
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| Apartment price to Buy in city Center, 1 m2 or 10 ft2 | 25.86 | 29.81 |
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| House price to Buy in Suburbs, 1 m2 or 10 ft2 | 1.93 | 2 |
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Groceries
| Item | Akureyri | Reykjavik |
|---|
| Milk, 1 L or 1 qt | 1.88 | 1.84 |
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| Bread, 0.5 kg or 1.1 lb | 2.93 | 3.74 |
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| Eggs, x12 | 4.35 | 4.74 |
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| Cheese, 1 kg or 2.2 lb | 10.58 | 17.01 |
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| Chicken Breast, 1 kg or 2.2 lb | 13.25 | 22.98 |
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| Round Steak, 1 kg or 2.2 lb | 29.47 | 43.49 |
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| Banana, 1 kg or 2.2 lb | 3.12 | 1.9 |
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| Water, 1 L or 1 qt | 1.15 | 1.41 |
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Other
| Item | Akureyri | Reykjavik |
|---|
| Gym Membership, 1 month | 64.81 | 86.67 |
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| Cinema Ticket, 1 person | 14.76 | 12.83 |
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| Doctors visit | 67.38 | 94.47 |
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| Haircut, simple | 49.95 | 40.23 |
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| Brand Jeans | 133.97 | 100.83 |
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| Brand Sneakers | 142.89 | 130.32 |
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| Daycare or Preschool, 1 month | 350.01 | 248.66 |
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| International Primary School, 1 year | 6,928 | 5,435 |
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