Cost of living comparison

compared to

Akranes vs. Hong Kong Cost of Living Summary

Akranes is 54.5% more expensive than Hong Kong.

Restaurants: pay 2.9 times more in Akranes
Groceries: pay 24.0% more in Akranes
Transportation: pay 8.7% more in Akranes
Housing: pay 61.5% more in Akranes
Childcare: pay 15.2% less in Akranes
Entertainment and Sports: pay 30.5% more in Akranes
Clothing: pay 83.0% more in Akranes

The cost of restaurants, clothing, housing, entertainment and sports, groceries, and transportation in Akranes are more expensive than in Hong Kong. Notably, restaurants and clothing are significantly more expensive in Akranes.

Akranes vs. Hong Kong Cost Breakdown

If you lived in Akranes instead of Hong Kong, you would:

Display currency: USD

pay 2.9 times more for restaurants

	Hong Kong	Akranes
Basic meal with drink at inexpensive restaurant	$7.91 HK$61.91	$27.48 ISK3,470	+247.6%
Fast food combo meal McDonalds, or similar	$6.43 HK$50.33	$22.76 ISK2,875	+254.1%
Bottle of Coca-Cola (11 fl. oz)	$1.39 HK$10.88	$3.24 ISK409	+133.2%
Bottle of water (11 fl. oz)	$1.11 HK$8.71	$2.45 ISK310	+120.5%
Average			+188.8%

Hong Kong vs. Akranes - Cost of restaurants

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pay 24.0% more for groceries

	Hong Kong	Akranes
Bread 1 loaf	$2.19 HK$17.16	$2.05 ISK259	-6.4%
Local cheese (8 oz)	$12.44 HK$97.42	$9.44 ISK1,192	-24.1%
Milk (1 gallon)	$11.75 HK$92.00	$7.63 ISK964	-35.1%
Eggs 1 dozen	$3.52 HK$27.53	$6.15 ISK777	+75.0%
Boneless chicken breast (1 lb)	$4.85 HK$37.98	$11.29 ISK1,426	+132.8%
Apples (1 lb)	$1.57 HK$12.26	$1.59 ISK201	+1.6%
Bananas (1 lb)	$1.09 HK$8.51	$1.17 ISK148	+7.6%
Oranges (1 lb)	$1.62 HK$12.70	$1.49 ISK188	-8.2%
Tomatoes (1 lb)	$1.39 HK$10.85	$2.23 ISK282	+61.1%
Potatoes (1 lb)	$1.10 HK$8.61	$1.70 ISK214	+54.3%
Onions (1 lb)	$1.06 HK$8.30	$1.12 ISK141	+5.4%
Average			+24.0%

Hong Kong vs. Akranes - Cost of groceries

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pay 8.7% more for transportation

	Hong Kong	Akranes
Gasoline (1 gallon)	$11.90 HK$93.17	$9.66 ISK1,220	-18.8%
Monthly public transit pass	$67.49 HK$528.46	$73.82 ISK9,323	+9.4%
New Volkswagen Golf 1.4 (standard edition)	$38,564.70 HK$302K	$50,771.00 ISK6M	+31.7%
Taxi trip in downtown area (5 miles)	$14.53 HK$113.75	$16.32 ISK2,061	+12.4%
Average			+8.7%

Hong Kong vs. Akranes - Cost of transportation

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pay 61.5% more for housing

	Hong Kong	Akranes
Internet connection 50 mbps or faster, cable/dsl	$22.19 HK$173.76	$81.97 ISK10,353	+269.4%
1-Bedroom apartment in downtown area	$2,349.29 HK$18,395.98	$3,034.78 ISK383K	+29.2%
1-Bedroom apartment outside city center	$1,688.04 HK$13,218.09	$1,906.99 ISK241K	+13.0%
Utilities for two (700 sq ft apartment) including electric, gas, water, heating	$177.52 HK$1,390.10	$60.87 ISK7,688	-65.7%
Average			+61.5%

Hong Kong vs. Akranes - Cost of housing

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pay 15.2% less for childcare

	Hong Kong	Akranes
Private preschool for 1 child, monthly	$1,038.61 HK$8,132.78	$327.78 ISK41,399	-68.4%
Middle school for 1 child, two semesters	$22,248.89 HK$174K	$30,711.08 ISK4M	+38.0%
Average			-15.2%

Hong Kong vs. Akranes - Cost of childcare

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pay 30.5% more for entertainment and sports

	Hong Kong	Akranes
Domestic/local beer (1 pint)	$6.48 HK$50.77	$10.66 ISK1,347	+64.5%
Cappuccino in mid-range area	$5.23 HK$40.95	$6.15 ISK777	+17.6%
Pack of cigarettes Marlboro or similar	$13.11 HK$102.67	$13.94 ISK1,760	+6.3%
Monthly membership at local gym	$79.18 HK$619.98	??
Movie ticket to theater/cinema	$12.85 HK$100.66	$17.18 ISK2,170	+33.7%
Average			+30.5%

Hong Kong vs. Akranes - Cost of entertainment and sports

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pay 83.0% more for clothing

	Hong Kong	Akranes
Regular jeans Levi's brand	$74.06 HK$579.94	$145.10 ISK18,326	+95.9%
Regular dress from H&M or similar store	$42.18 HK$330.26	$63.97 ISK8,079	+51.7%
Running shoes Nike or Adidas	$91.97 HK$720.20	$193.43 ISK24,430	+110.3%
Men's business shoes (leather)	$142.80 HK$1,118.15	$248.79 ISK31,422	+74.2%
Average			+83.0%

Hong Kong vs. Akranes - Cost of clothing

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The statistics used to build this comparison are calculated using data from users just like you. We average the price of thousands of data points entered by users across the world. Learn more about our data sources. Page last updated: March 2026

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