Cost of living comparison
compared to
Akranes vs. Madrid Cost of Living Summary
Akranes is 56.5% more expensive than Madrid.
- Restaurants
-
pay 40.5% more in Akranes
- Groceries
-
pay 56.3% more in Akranes
- Transportation
-
pay 32.4% more in Akranes
- Housing
-
pay 61.1% more in Akranes
- Childcare
-
pay 41.4% more in Akranes
- Entertainment and Sports
-
pay 93.8% more in Akranes
- Clothing
-
pay 70.0% more in Akranes
The cost of entertainment and sports, clothing, housing, groceries, childcare, and restaurants in Akranes are more expensive than in Madrid. Notably, entertainment and sports is significantly more expensive in Akranes.
Akranes vs. Madrid Cost Breakdown
If you lived in Akranes instead of Madrid, you would:
pay 40.5% more for restaurants
|
Madrid
|
Akranes
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$18.10
€15.61
|
$27.48
ISK3,517
|
|
|
Fast food combo meal
McDonalds, or similar
|
$11.68
€10.07
|
$22.76
ISK2,913
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$3.13
€2.70
|
$3.24
ISK415
|
|
| Bottle of water (11 fl. oz) |
$2.19
€1.89
|
$2.45
ISK314
|
|
Madrid vs. Akranes - Cost of restaurants
pay 56.3% more for groceries
|
Madrid
|
Akranes
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$1.71
€1.48
|
$2.05
ISK262
|
|
| Local cheese (8 oz) |
$7.25
€6.25
|
$9.44
ISK1,208
|
|
| Milk (1 gallon) |
$4.61
€3.97
|
$7.63
ISK976
|
|
|
Eggs
1 dozen
|
$3.36
€2.89
|
$6.15
ISK787
|
|
| Boneless chicken breast (1 lb) |
$4.05
€3.50
|
$11.29
ISK1,445
|
|
| Apples (1 lb) |
$1.18
€1.02
|
$1.59
ISK204
|
|
| Bananas (1 lb) |
$1.02
€0.88
|
$1.17
ISK150
|
|
| Oranges (1 lb) |
$1.19
€1.03
|
$1.49
ISK190
|
|
| Tomatoes (1 lb) |
$1.26
€1.09
|
$2.23
ISK286
|
|
| Potatoes (1 lb) |
$0.94
€0.81
|
$1.70
ISK217
|
|
| Onions (1 lb) |
$1.01
€0.87
|
$1.12
ISK143
|
|
Madrid vs. Akranes - Cost of groceries
pay 32.4% more for transportation
|
Madrid
|
Akranes
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$7.08
€6.10
|
$9.66
ISK1,236
|
|
| Monthly public transit pass |
$45.84
€39.53
|
$73.82
ISK9,447
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$38,541.72
€33,235.57
|
$50,771.00
ISK6,497,672
|
|
| Taxi trip in downtown area (5 miles) |
$16.23
€14.00
|
$16.32
ISK2,089
|
|
Madrid vs. Akranes - Cost of transportation
pay 61.1% more for housing
|
Madrid
|
Akranes
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$34.54
€29.78
|
$81.97
ISK10,490
|
|
| 1-Bedroom apartment in downtown area |
$1,540.98
€1,328.83
|
$3,034.78
ISK388,391
|
|
| 1-Bedroom apartment outside city center |
$1,118.82
€964.79
|
$1,906.99
ISK244,056
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$153.78
€132.61
|
$60.87
ISK7,791
|
|
Madrid vs. Akranes - Cost of housing
pay 41.4% more for childcare
|
Madrid
|
Akranes
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$673.20
€580.51
|
$327.78
ISK41,949
|
|
| Middle school for 1 child, two semesters |
$13,119.76
€11,313.52
|
$30,711.08
ISK3,930,404
|
|
Madrid vs. Akranes - Cost of childcare
pay 93.8% more for entertainment and sports
|
Madrid
|
Akranes
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$4.50
€3.88
|
$10.66
ISK1,365
|
|
| Cappuccino in mid-range area |
$3.20
€2.76
|
$6.15
ISK787
|
|
|
Pack of cigarettes
Marlboro or similar
|
$7.01
€6.04
|
$13.94
ISK1,783
|
|
| Monthly membership at local gym |
$51.05
€44.03
|
?? | |
| Movie ticket to theater/cinema |
$11.68
€10.07
|
$17.18
ISK2,199
|
|
Madrid vs. Akranes - Cost of entertainment and sports
pay 70.0% more for clothing
|
Madrid
|
Akranes
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$98.88
€85.27
|
$145.10
ISK18,569
|
|
|
Regular dress
from H&M or similar store
|
$41.27
€35.59
|
$63.97
ISK8,187
|
|
|
Running shoes
Nike or Adidas
|
$107.49
€92.69
|
$193.43
ISK24,755
|
|
| Men's business shoes (leather) |
$125.44
€108.17
|
$248.79
ISK31,840
|
|
Madrid vs. Akranes - Cost of clothing
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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