Cost of living comparison

compared to

Akranes vs. Iceland Cost of Living Summary

Akranes is 0.0% more expensive than Iceland overall.

Restaurants: pay 1.2% more in Akranes
Groceries: pay 4.2% less in Akranes
Transportation: pay 10.0% less in Akranes
Housing: pay 4.0% more in Akranes
Childcare: pay 2.1% less in Akranes
Entertainment and Sports: pay 2.0% more in Akranes
Clothing: pay 9.3% more in Akranes

The cost of clothing, housing, entertainment and sports, and restaurants in Akranes are more expensive than in Iceland. Expenses including transportation, groceries, and childcare are lower in Akranes.

Akranes vs. Iceland Cost Breakdown

If you lived in Akranes instead of Iceland, you would:

Display currency: USD

pay 1.2% more for restaurants

	Iceland	Akranes
Basic meal with drink at inexpensive restaurant	$26.52 ISK3,394	$27.48 ISK3,517	+3.6%
Fast food combo meal McDonalds, or similar	$21.32 ISK2,728	$22.76 ISK2,913	+6.8%
Bottle of Coca-Cola (11 fl. oz)	$3.11 ISK398	$3.24 ISK415	+4.2%
Bottle of water (11 fl. oz)	$2.72 ISK348	$2.45 ISK314	-9.8%
Average			+1.2%

Iceland vs. Akranes - Cost of restaurants

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pay 4.2% less for groceries

	Iceland	Akranes
Bread 1 loaf	$3.80 ISK487	$2.05 ISK262	-46.1%
Local cheese (8 oz)	$9.44 ISK1,208	$9.44 ISK1,208
Milk (1 gallon)	$7.78 ISK996	$7.63 ISK976	-1.9%
Eggs 1 dozen	$6.71 ISK859	$6.15 ISK787	-8.3%
Boneless chicken breast (1 lb)	$11.22 ISK1,436	$11.29 ISK1,445	+0.7%
Apples (1 lb)	$1.50 ISK191	$1.59 ISK204	+6.3%
Bananas (1 lb)	$1.15 ISK147	$1.17 ISK150	+2.0%
Oranges (1 lb)	$1.41 ISK181	$1.49 ISK190	+5.3%
Tomatoes (1 lb)	$2.34 ISK300	$2.23 ISK286	-4.6%
Potatoes (1 lb)	$1.65 ISK211	$1.70 ISK217	+3.0%
Onions (1 lb)	$1.09 ISK140	$1.12 ISK143	+2.1%
Average			-4.2%

Iceland vs. Akranes - Cost of groceries

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pay 10.0% less for transportation

	Iceland	Akranes
Gasoline (1 gallon)	$9.65 ISK1,235	$9.66 ISK1,236	+0.1%
Monthly public transit pass	$79.56 ISK10,182	$73.82 ISK9,447	-7.2%
New Volkswagen Golf 1.4 (standard edition)	$49,144.25 ISK6,289,481	$50,771.00 ISK6,497,672	+3.3%
Taxi trip in downtown area (5 miles)	$25.55 ISK3,270	$16.32 ISK2,089	-36.1%
Average			-10.0%

Iceland vs. Akranes - Cost of transportation

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pay 4.0% more for housing

	Iceland	Akranes
Internet connection 50 mbps or faster, cable/dsl	$95.65 ISK12,241	$81.97 ISK10,490	-14.3%
1-Bedroom apartment in downtown area	$2,289.17 ISK292,968	$3,034.78 ISK388,391	+32.6%
1-Bedroom apartment outside city center	$1,830.04 ISK234,209	$1,906.99 ISK244,056	+4.2%
Utilities for two (700 sq ft apartment) including electric, gas, water, heating	$65.15 ISK8,338	$60.87 ISK7,791	-6.6%
Average			+4.0%

Iceland vs. Akranes - Cost of housing

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pay 2.1% less for childcare

	Iceland	Akranes
Private preschool for 1 child, monthly	$334.67 ISK42,830	$327.78 ISK41,949	-2.1%
Middle school for 1 child, two semesters	$30,711.08 ISK3,930,404	$30,711.08 ISK3,930,404
Average			-2.1%

Iceland vs. Akranes - Cost of childcare

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pay 2.0% more for entertainment and sports

	Iceland	Akranes
Domestic/local beer (1 pint)	$11.14 ISK1,426	$10.66 ISK1,365	-4.3%
Cappuccino in mid-range area	$5.62 ISK720	$6.15 ISK787	+9.4%
Pack of cigarettes Marlboro or similar	$13.90 ISK1,778	$13.94 ISK1,783	+0.3%
Monthly membership at local gym	$78.17 ISK10,004	??
Movie ticket to theater/cinema	$16.75 ISK2,144	$17.18 ISK2,199	+2.6%
Average			+2.0%

Iceland vs. Akranes - Cost of entertainment and sports

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pay 9.3% more for clothing

	Iceland	Akranes
Regular jeans Levi's brand	$130.91 ISK16,753	$145.10 ISK18,569	+10.8%
Regular dress from H&M or similar store	$61.83 ISK7,913	$63.97 ISK8,187	+3.5%
Running shoes Nike or Adidas	$163.81 ISK20,965	$193.43 ISK24,755	+18.1%
Men's business shoes (leather)	$237.31 ISK30,371	$248.79 ISK31,840	+4.8%
Average			+9.3%

Iceland 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: December 2025

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