Northern Europe Updated
Average Cost of Living in Akureyri-Iceland
The average cost of living in Akureyri-Iceland, Iceland is $2,405 per month for a single person, and $5,247 per month for a family of four. A one-bedroom apartment rents for around $1,798 per month.
Affordable
Updated today
Index 54.7 · NYC = 100
Estimated monthly cost
- Single person
- $2,405 / month
- Family of 4
- $5,247 / mo
- Student
- $1,365 / mo
Includes rent, food, utilities, transport, and dining out. Excludes healthcare, taxes, and discretionary travel.
Salary that covers life in Akureyri-Iceland
Adjust the household and see the gap or surplus vs. typical local pay.
Interactive
You need at least
$0 / month
Annual gross (25% tax)
$0
On this page 11 sections
| Section | Description |
|---|---|
| Salary calculator for Akureyri-Iceland | Find out the monthly salary needed for a single, family, or student lifestyle. |
| Rent & Property Prices in Akureyri-Iceland | Apartment rent and property purchase price per square meter. |
| Grocery Prices in Akureyri-Iceland | Supermarket prices for staples like bread, milk, produce, and meat. |
| Public Transport & Car Costs in Akureyri-Iceland | Public transport tickets, taxi fares, fuel, and vehicle prices. |
| Utility & Internet Costs in Akureyri-Iceland | Monthly electricity, heating, water, mobile, and broadband bills. |
| Childcare & Preschool in Akureyri-Iceland | Preschool fees and international school tuition. |
| Clothing Prices in Akureyri-Iceland | Jeans, dresses, running shoes, and leather shoes from chain stores. |
| Gym, Cinema & Leisure in Akureyri-Iceland | Gym memberships, tennis court rentals, and cinema tickets. |
| Restaurant Prices in Akureyri-Iceland | Meals at inexpensive and mid-range restaurants, coffee, and soft drinks. |
| Salaries & Mortgages in Akureyri-Iceland | Average monthly net salary and mortgage interest rates. |
| Akureyri-Iceland FAQs | Common questions about rent, salaries, food, and transport in Akureyri-Iceland. |
Rent & Property Prices in Akureyri-Iceland
Apartment rent and property purchase price per square meter.
| Item | Median | Range (low–high) |
|---|---|---|
| 1 Bedroom Apartment in City Centre | $1,798 | — |
| 1 Bedroom Apartment Outside of City Centre | $1,798 | — |
| 3 Bedroom Apartment in City Centre | — | — |
| 3 Bedroom Apartment Outside of City Centre | $2,149 | — |
| Price per Square Meter to Buy Apartment in City Centre | $6,538 | — |
| Price per Square Meter to Buy Apartment Outside of Centre | $6,538 | — |
- 1 Bedroom Apartment in City Centre $1,798
- 1 Bedroom Apartment Outside of City Centre $1,798
- 3 Bedroom Apartment in City Centre —
- 3 Bedroom Apartment Outside of City Centre $2,149
- Price per Square Meter to Buy Apartment in City Centre $6,538
- Price per Square Meter to Buy Apartment Outside of Centre $6,538
Grocery Prices in Akureyri-Iceland
Supermarket prices for staples like bread, milk, produce, and meat.
| Item | Median | Range (low–high) |
|---|---|---|
| Milk (Regular, 1 Liter) | $2.78 | $2.70 – $2.86 |
| Fresh White Bread (500 g Loaf) | $2.34 | $1.72 – $2.96 |
| White Rice (1 kg) | $3.11 | — |
| Eggs (12, Large Size) | $7.75 | $7.33 – $8.17 |
| Local Cheese (1 kg) | $16 | — |
| Chicken Fillets (1 kg) | $25 | — |
| Beef Round or Equivalent Back Leg Red Meat (1 kg) | — | — |
| Apples (1 kg) | — | — |
| Bananas (1 kg) | $2.93 | — |
| Oranges (1 kg) | $3.42 | — |
| Tomatoes (1 kg) | $6.05 | — |
| Potatoes (1 kg) | — | — |
| Onions (1 kg) | — | — |
| Lettuce (1 Head) | — | — |
| Bottled Water (1.5 Liter) | — | — |
| Bottle of Wine (Mid-Range) | — | — |
| Domestic Beer (0.5 Liter Bottle) | — | — |
| Imported Beer (0.33 Liter Bottle) | — | — |
| Cigarettes (Pack of 20, Marlboro) | $14 | $12 – $15 |
- Milk (Regular, 1 Liter) $2.78$2.70 – $2.86
- Fresh White Bread (500 g Loaf) $2.34$1.72 – $2.96
- White Rice (1 kg) $3.11
- Eggs (12, Large Size) $7.75$7.33 – $8.17
- Local Cheese (1 kg) $16
- Chicken Fillets (1 kg) $25
- Beef Round or Equivalent Back Leg Red Meat (1 kg) —
- Apples (1 kg) —
- Bananas (1 kg) $2.93
- Oranges (1 kg) $3.42
- Tomatoes (1 kg) $6.05
- Potatoes (1 kg) —
- Onions (1 kg) —
- Lettuce (1 Head) —
- Bottled Water (1.5 Liter) —
- Bottle of Wine (Mid-Range) —
- Domestic Beer (0.5 Liter Bottle) —
- Imported Beer (0.33 Liter Bottle) —
- Cigarettes (Pack of 20, Marlboro) $14$12 – $15
Public Transport & Car Costs in Akureyri-Iceland
Public transport tickets, taxi fares, fuel, and vehicle prices.
| Item | Median | Range (low–high) |
|---|---|---|
| One-Way Ticket (Local Transport) | $0.00 | — |
| Monthly Public Transport Pass (Regular Price) | $0.00 | — |
| Taxi Start (Standard Tariff) | — | — |
| Taxi 1 km (Standard Tariff) | — | — |
| Taxi 1 Hour Waiting (Standard Tariff) | — | — |
| Gasoline (1 Liter) | $2.57 | $2.48 – $2.62 |
| Volkswagen Golf 1.5 (or Equivalent New Compact Car) | $40,860 | — |
| Toyota Corolla Sedan 1.6 (or Equivalent New Mid-Size Car) | $65,376 | — |
- One-Way Ticket (Local Transport) $0.00
- Monthly Public Transport Pass (Regular Price) $0.00
- Taxi Start (Standard Tariff) —
- Taxi 1 km (Standard Tariff) —
- Taxi 1 Hour Waiting (Standard Tariff) —
- Gasoline (1 Liter) $2.57$2.48 – $2.62
- Volkswagen Golf 1.5 (or Equivalent New Compact Car) $40,860
- Toyota Corolla Sedan 1.6 (or Equivalent New Mid-Size Car) $65,376
Utility & Internet Costs in Akureyri-Iceland
Monthly electricity, heating, water, mobile, and broadband bills.
| Item | Median | Range (low–high) |
|---|---|---|
| Basic Utilities for 85 m2 Apartment (Electricity, Heating, Cooling, Water, Garbage) | $123 | — |
| Mobile Phone Plan (Monthly, with Calls and 10GB+ Data) | $25 | $24 – $82 |
| Broadband Internet (Unlimited Data, 60 Mbps or Higher) | $163 | — |
- Basic Utilities for 85 m2 Apartment (Electricity, Heating, Cooling, Water, Garbage) $123
- Mobile Phone Plan (Monthly, with Calls and 10GB+ Data) $25$24 – $82
- Broadband Internet (Unlimited Data, 60 Mbps or Higher) $163
Childcare & Preschool in Akureyri-Iceland
Preschool fees and international school tuition.
| Item | Median | Range (low–high) |
|---|---|---|
| Private Full-Day Preschool or Kindergarten, Monthly Fee per Child | $368 | — |
| International Primary School, Annual Tuition per Child | — | — |
- Private Full-Day Preschool or Kindergarten, Monthly Fee per Child $368
- International Primary School, Annual Tuition per Child —
Clothing Prices in Akureyri-Iceland
Jeans, dresses, running shoes, and leather shoes from chain stores.
| Item | Median | Range (low–high) |
|---|---|---|
| Jeans (Levi's 501 or Similar) | $82 | — |
| Summer Dress in a Chain Store (e.g. Zara or H&M) | — | — |
| Nike Running Shoes (Mid-Range) | $123 | — |
| Men's Leather Business Shoes | — | — |
- Jeans (Levi's 501 or Similar) $82
- Summer Dress in a Chain Store (e.g. Zara or H&M) —
- Nike Running Shoes (Mid-Range) $123
- Men's Leather Business Shoes —
Gym, Cinema & Leisure in Akureyri-Iceland
Gym memberships, tennis court rentals, and cinema tickets.
| Item | Median | Range (low–high) |
|---|---|---|
| Monthly Fitness Club Membership | $85 | — |
| Tennis Court Rental (1 Hour, Weekend) | — | — |
| Cinema Ticket (International Release) | $15 | $10 – $20 |
- Monthly Fitness Club Membership $85
- Tennis Court Rental (1 Hour, Weekend) —
- Cinema Ticket (International Release) $15$10 – $20
Restaurant Prices in Akureyri-Iceland
Meals at inexpensive and mid-range restaurants, coffee, and soft drinks.
| Item | Median | Range (low–high) |
|---|---|---|
| Meal at an Inexpensive Restaurant | $25 | $20 – $29 |
| Meal for Two at a Mid-Range Restaurant (Three Courses, Without Drinks) | $131 | $106 – $131 |
| Combo Meal at McDonald's (or Equivalent Fast-Food Meal) | $22 | $20 – $25 |
| Domestic Draft Beer (0.5 Liter) | $11 | $9.81 – $12 |
| Imported Beer (0.33 Liter Bottle) | $9.40 | $6.54 – $12 |
| Cappuccino (Regular Size) | $4.96 | $2.45 – $5.72 |
| Soft Drink (Coca-Cola or Pepsi, 0.33 Liter Bottle) | $3.40 | $2.45 – $4.49 |
| Bottled Water (0.33 Liter) | $3.06 | $2.04 – $4.09 |
- Meal at an Inexpensive Restaurant $25$20 – $29
- Meal for Two at a Mid-Range Restaurant (Three Courses, Without Drinks) $131$106 – $131
- Combo Meal at McDonald's (or Equivalent Fast-Food Meal) $22$20 – $25
- Domestic Draft Beer (0.5 Liter) $11$9.81 – $12
- Imported Beer (0.33 Liter Bottle) $9.40$6.54 – $12
- Cappuccino (Regular Size) $4.96$2.45 – $5.72
- Soft Drink (Coca-Cola or Pepsi, 0.33 Liter Bottle) $3.40$2.45 – $4.49
- Bottled Water (0.33 Liter) $3.06$2.04 – $4.09
Salaries & Mortgages in Akureyri-Iceland
Average monthly net salary and mortgage interest rates.
| Item | Median | Range (low–high) |
|---|---|---|
| Average Monthly Net Salary (After Tax) | — | — |
| Annual Mortgage Interest Rate (20-Year Fixed, in %) | 9.40% | — |
- Average Monthly Net Salary (After Tax) —
- Annual Mortgage Interest Rate (20-Year Fixed, in %) 9.40%
Compare Akureyri-Iceland with…
Pick any city to see costs side by side.
Related cities
Similar cost tier, nearby, or in the same country.
Iceland
Reykjavik-Iceland
Monthly / 1 person
$2,634
vs NYC
59.9/100
Norway
Oslo
Monthly / 1 person
$2,487
vs NYC
56.5/100
Norway
Stavanger
Monthly / 1 person
$2,175
vs NYC
49.4/100
Denmark
Copenhagen
Monthly / 1 person
$2,055
vs NYC
46.7/100
Norway
Trondheim
Monthly / 1 person
$2,007
vs NYC
45.6/100
Norway
Bergen
Monthly / 1 person
$1,873
vs NYC
42.6/100
Frequently asked questions
- How much does it cost to live in Akureyri-Iceland?
- An estimated $2,405 per month covers rent, food, utilities, and transport for one person in Akureyri-Iceland. A family of four needs around $5,247 per month, while students living shared accommodation manage on roughly $1,365.
- How much money do I need to live in Akureyri-Iceland?
- Plan for at least $2,405 per month as a single person, $5,247 per month for a family of four, or $1,365 per month as a student in shared accommodation. Add 15–25% on top for taxes, savings, and discretionary spending — that's the salary you should be targeting before relocating to Akureyri-Iceland.
- What is the average rent in Akureyri-Iceland?
- A one-bedroom apartment in Akureyri-Iceland rents for around $1,798 per month. Prices vary depending on neighbourhood, building age, and furnishings.
- How much does food cost in Akureyri-Iceland?
- A meal at an inexpensive restaurant in Akureyri-Iceland costs around $25. Cooking at home, a single person spends roughly $109 per month on groceries. Staples like milk ($2.78/L) and bread ($2.34/500g) are typical.
- What is public transport like in Akureyri-Iceland?
- A monthly public transport pass in Akureyri-Iceland costs around $0.00. Cities with extensive metro and bus networks generally let residents skip car ownership entirely, particularly when commuting from areas outside the city centre.
- Is the internet expensive in Akureyri-Iceland?
- Unlimited broadband at 60 Mbps or higher in Akureyri-Iceland costs around $163 per month — useful context for remote workers comparing locations.