Cost of living comparison
compared to
Akureyri vs. Madrid Cost of Living Summary
Akureyri is 46.6% more expensive than Madrid.
- Restaurants
-
pay 44.6% more in Akureyri
- Groceries
-
pay 2.2 times more in Akureyri
- Transportation
-
pay 22.1% more in Akureyri
- Housing
-
pay 2.0 times more in Akureyri
- Childcare
-
pay 45.2% less in Akureyri
- Entertainment and Sports
-
pay 79.2% more in Akureyri
- Clothing
-
pay 1.3% less in Akureyri
The cost of groceries, housing, entertainment and sports, restaurants, and transportation in Akureyri are more expensive than in Madrid. Expenses including childcare and clothing are lower in Akureyri. Notably, groceries, housing, and entertainment and sports are significantly more expensive in Akureyri.
Akureyri vs. Madrid Cost Breakdown
If you lived in Akureyri instead of Madrid, you would:
pay 44.6% more for restaurants
|
Madrid
|
Akureyri
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$18.10
€15.79
|
$24.61
ISK3,108
|
|
|
Fast food combo meal
McDonalds, or similar
|
$11.68
€10.19
|
$22.56
ISK2,849
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$3.13
€2.73
|
$3.42
ISK432
|
|
| Bottle of water (11 fl. oz) |
$2.19
€1.91
|
$3.08
ISK388
|
|
Madrid vs. Akureyri - Cost of restaurants
pay 2.2 times more for groceries
|
Madrid
|
Akureyri
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$1.71
€1.49
|
$2.35
ISK297
|
|
| Local cheese (8 oz) |
$7.25
€6.32
|
?? | |
| Milk (1 gallon) |
$4.61
€4.02
|
$10.87
ISK1,372
|
|
|
Eggs
1 dozen
|
$3.36
€2.93
|
$8.20
ISK1,036
|
|
| Boneless chicken breast (1 lb) |
$4.05
€3.54
|
$11.16
ISK1,410
|
|
| Apples (1 lb) |
$1.18
€1.03
|
?? | |
| Bananas (1 lb) |
$1.02
€0.89
|
?? | |
| Oranges (1 lb) |
$1.19
€1.04
|
?? | |
| Tomatoes (1 lb) |
$1.26
€1.10
|
?? | |
| Potatoes (1 lb) |
$0.94
€0.82
|
?? | |
| Onions (1 lb) |
$1.01
€0.88
|
?? | |
Madrid vs. Akureyri - Cost of groceries
pay 22.1% more for transportation
|
Madrid
|
Akureyri
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$7.08
€6.17
|
$9.75
ISK1,231
|
|
| Monthly public transit pass |
$45.84
€39.99
|
?? | |
| New Volkswagen Golf 1.4 (standard edition) |
$38,541.72
€33,621.25
|
$41,010.50
ISK5M
|
|
| Taxi trip in downtown area (5 miles) |
$16.23
€14.16
|
?? | |
Madrid vs. Akureyri - Cost of transportation
pay 2.0 times more for housing
|
Madrid
|
Akureyri
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$34.54
€30.13
|
$164.04
ISK20,718
|
|
| 1-Bedroom apartment in downtown area |
$1,540.98
€1,344.25
|
$1,804.46
ISK228K
|
|
| 1-Bedroom apartment outside city center |
$1,118.82
€975.98
|
$1,804.46
ISK228K
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$153.78
€134.15
|
$94.08
ISK11,883
|
|
Madrid vs. Akureyri - Cost of housing
pay 45.2% less for childcare
|
Madrid
|
Akureyri
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$673.20
€587.25
|
$369.09
ISK46,617
|
|
| Middle school for 1 child, two semesters |
$13,119.76
€11,444.81
|
?? | |
Madrid vs. Akureyri - Cost of childcare
pay 79.2% more for entertainment and sports
|
Madrid
|
Akureyri
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$4.50
€3.92
|
$11.07
ISK1,398
|
|
| Cappuccino in mid-range area |
$3.20
€2.80
|
$4.98
ISK628
|
|
|
Pack of cigarettes
Marlboro or similar
|
$7.01
€6.11
|
$13.70
ISK1,730
|
|
| Monthly membership at local gym |
$51.05
€44.54
|
$85.30
ISK10,774
|
|
| Movie ticket to theater/cinema |
$11.68
€10.19
|
$15.38
ISK1,942
|
|
Madrid vs. Akureyri - Cost of entertainment and sports
pay 1.3% less for clothing
|
Madrid
|
Akureyri
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$98.88
€86.26
|
$82.02
ISK10,359
|
|
|
Regular dress
from H&M or similar store
|
$41.27
€36.00
|
?? | |
|
Running shoes
Nike or Adidas
|
$107.49
€93.76
|
$123.03
ISK15,539
|
|
| Men's business shoes (leather) |
$125.44
€109.42
|
?? | |
Madrid vs. Akureyri - 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: March 2026
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