Cost of living comparison

compared to

Akranes vs. Reykjavik Cost of Living Summary

Akranes is 9.9% cheaper than Reykjavik.

Restaurants: pay 6.0% less in Akranes
Groceries: pay 18.6% less in Akranes
Transportation: pay 29.2% less in Akranes
Housing: pay 14.0% more in Akranes
Entertainment and Sports: pay 9.6% less in Akranes

Expenses including transportation, groceries, entertainment and sports, and restaurants are lower in Akranes.

Akranes vs. Reykjavik Cost Breakdown

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

Display currency: USD

pay 6.0% less for restaurants

	Reykjavik	Akranes
Basic meal with drink at inexpensive restaurant	$27.48 ISK3,470	$27.48 ISK3,470
Fast food combo meal McDonalds, or similar	$22.76 ISK2,875	$22.76 ISK2,875
Bottle of Coca-Cola (11 fl. oz)	$3.34 ISK421	$3.24 ISK409	-2.9%
Bottle of water (11 fl. oz)	$2.70 ISK341	$2.45 ISK310	-9.1%
Average			-6.0%

Reykjavik vs. Akranes - Cost of restaurants

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pay 18.6% less for groceries

	Reykjavik	Akranes
Bread 1 loaf	$4.63 ISK585	$2.05 ISK259	-55.8%
Local cheese (8 oz)	$9.44 ISK1,192	$9.44 ISK1,192
Milk (1 gallon)	$7.63 ISK964	$7.63 ISK964
Eggs 1 dozen	$6.50 ISK821	$6.15 ISK777	-5.4%
Boneless chicken breast (1 lb)	$11.29 ISK1,426	$11.29 ISK1,426
Apples (1 lb)	$1.59 ISK201	$1.59 ISK201
Bananas (1 lb)	$1.17 ISK148	$1.17 ISK148
Oranges (1 lb)	$1.49 ISK188	$1.49 ISK188
Tomatoes (1 lb)	$2.54 ISK320	$2.23 ISK282	-12.0%
Potatoes (1 lb)	$1.70 ISK214	$1.70 ISK214
Onions (1 lb)	$1.13 ISK143	$1.12 ISK141	-1.3%
Average			-18.6%

Reykjavik vs. Akranes - Cost of groceries

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pay 29.2% less for transportation

	Reykjavik	Akranes
Gasoline (1 gallon)	$9.66 ISK1,220	$9.66 ISK1,220
Monthly public transit pass	$88.58 ISK11,188	$73.82 ISK9,323	-16.7%
New Volkswagen Golf 1.4 (standard edition)	$50,771.00 ISK6M	$50,771.00 ISK6M
Taxi trip in downtown area (5 miles)	$28.07 ISK3,545	$16.32 ISK2,061	-41.8%
Average			-29.2%

Reykjavik vs. Akranes - Cost of transportation

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pay 14.0% more for housing

	Reykjavik	Akranes
Internet connection 50 mbps or faster, cable/dsl	$81.97 ISK10,353	$81.97 ISK10,353
1-Bedroom apartment in downtown area	$2,259.48 ISK285K	$3,034.78 ISK383K	+34.3%
1-Bedroom apartment outside city center	$2,034.90 ISK257K	$1,906.99 ISK241K	-6.3%
Utilities for two (700 sq ft apartment) including electric, gas, water, heating	$60.87 ISK7,688	$60.87 ISK7,688
Average			+14.0%

Reykjavik vs. Akranes - Cost of housing

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pay (unknown) more for childcare

	Reykjavik	Akranes
Private preschool for 1 child, monthly	$327.78 ISK41,399	$327.78 ISK41,399
Middle school for 1 child, two semesters	$30,711.08 ISK4M	$30,711.08 ISK4M

Reykjavik vs. Akranes - Cost of childcare

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pay 9.6% less for entertainment and sports

	Reykjavik	Akranes
Domestic/local beer (1 pint)	$13.12 ISK1,657	$10.66 ISK1,347	-18.8%
Cappuccino in mid-range area	$6.17 ISK780	$6.15 ISK777	-0.3%
Pack of cigarettes Marlboro or similar	$13.94 ISK1,760	$13.94 ISK1,760
Monthly membership at local gym	$87.35 ISK11,033	??
Movie ticket to theater/cinema	$17.18 ISK2,170	$17.18 ISK2,170
Average			-9.6%

Reykjavik vs. Akranes - Cost of entertainment and sports

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pay (unknown) more for clothing

	Reykjavik	Akranes
Regular jeans Levi's brand	$145.10 ISK18,326	$145.10 ISK18,326
Regular dress from H&M or similar store	$63.97 ISK8,079	$63.97 ISK8,079
Running shoes Nike or Adidas	$193.43 ISK24,430	$193.43 ISK24,430
Men's business shoes (leather)	$248.79 ISK31,422	$248.79 ISK31,422

Reykjavik 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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