Northern Europe Updated
Average Cost of Living in Akureyri
The average cost of living in Akureyri, 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
Adjust the household and see the gap or surplus vs. typical local pay.
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On this page 11 sections
| Section | Description |
|---|---|
| Salary calculator for Akureyri | Find out the monthly salary needed for a single, family, or student lifestyle. |
| Rent & Property Prices in Akureyri | Apartment rent and property purchase price per square meter. |
| Grocery Prices in Akureyri | Supermarket prices for staples like bread, milk, produce, and meat. |
| Public Transport & Car Costs in Akureyri | Public transport tickets, taxi fares, fuel, and vehicle prices. |
| Utility & Internet Costs in Akureyri | Monthly electricity, heating, water, mobile, and broadband bills. |
| Childcare & Preschool in Akureyri | Preschool fees and international school tuition. |
| Clothing Prices in Akureyri | Jeans, dresses, running shoes, and leather shoes from chain stores. |
| Gym, Cinema & Leisure in Akureyri | Gym memberships, tennis court rentals, and cinema tickets. |
| Restaurant Prices in Akureyri | Meals at inexpensive and mid-range restaurants, coffee, and soft drinks. |
| Salaries & Mortgages in Akureyri | Average monthly net salary and mortgage interest rates. |
| Akureyri FAQs | Common questions about rent, salaries, food, and transport in Akureyri. |
Rent & Property Prices in Akureyri
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
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
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
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
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
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
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
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
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 with…
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Frequently asked questions
- How much does it cost to live in Akureyri?
- An estimated $2,405 per month covers rent, food, utilities, and transport for one person in Akureyri. 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?
- 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.
- What is the average rent in Akureyri?
- A one-bedroom apartment in Akureyri rents for around $1,798 per month. Prices vary depending on neighbourhood, building age, and furnishings.
- How much does food cost in Akureyri?
- A meal at an inexpensive restaurant in Akureyri 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?
- A monthly public transport pass in Akureyri 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?
- Unlimited broadband at 60 Mbps or higher in Akureyri costs around $163 per month — useful context for remote workers comparing locations.