Cost of living comparison

compared to

Akranes vs. Singapore Cost of Living Summary

Akranes is 38.0% more expensive than Singapore.

Restaurants: pay 2.5 times more in Akranes
Groceries: pay 23.7% more in Akranes
Transportation: pay 0.1% more in Akranes
Housing: pay 16.8% more in Akranes
Childcare: pay 34.2% less in Akranes
Entertainment and Sports: pay 31.7% more in Akranes
Clothing: pay 75.8% more in Akranes

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

Akranes vs. Singapore Cost Breakdown

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

Display currency: USD

pay 2.5 times more for restaurants

	Singapore	Akranes
Basic meal with drink at inexpensive restaurant	$9.28 SGD11.89	$27.48 ISK3,470	+196.1%
Fast food combo meal McDonalds, or similar	$7.73 SGD9.91	$22.76 ISK2,875	+194.3%
Bottle of Coca-Cola (11 fl. oz)	$1.58 SGD2.02	$3.24 ISK409	+105.6%
Bottle of water (11 fl. oz)	$1.16 SGD1.48	$2.45 ISK310	+111.9%
Average			+152.0%

Singapore vs. Akranes - Cost of restaurants

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pay 23.7% more for groceries

	Singapore	Akranes
Bread 1 loaf	$2.36 SGD3.03	$2.05 ISK259	-13.3%
Local cheese (8 oz)	$8.89 SGD11.39	$9.44 ISK1,192	+6.2%
Milk (1 gallon)	$11.53 SGD14.78	$7.63 ISK964	-33.8%
Eggs 1 dozen	$3.24 SGD4.15	$6.15 ISK777	+89.8%
Boneless chicken breast (1 lb)	$5.05 SGD6.48	$11.29 ISK1,426	+123.4%
Apples (1 lb)	$1.95 SGD2.50	$1.59 ISK201	-18.5%
Bananas (1 lb)	$1.36 SGD1.75	$1.17 ISK148	-14.2%
Oranges (1 lb)	$2.22 SGD2.85	$1.49 ISK188	-33.0%
Tomatoes (1 lb)	$1.19 SGD1.52	$2.23 ISK282	+88.3%
Potatoes (1 lb)	$1.12 SGD1.44	$1.70 ISK214	+51.2%
Onions (1 lb)	$0.98 SGD1.25	$1.12 ISK141	+14.4%
Average			+23.7%

Singapore vs. Akranes - Cost of groceries

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pay 0.1% more for transportation

	Singapore	Akranes
Gasoline (1 gallon)	$8.27 SGD10.60	$9.66 ISK1,220	+16.8%
Monthly public transit pass	$92.79 SGD118.92	$73.82 ISK9,323	-20.4%
New Volkswagen Golf 1.4 (standard edition)	$139K SGD178K	$50,771.00 ISK6M	-63.5%
Taxi trip in downtown area (5 miles)	$9.74 SGD12.49	$16.32 ISK2,061	+67.5%
Average			+0.1%

Singapore vs. Akranes - Cost of transportation

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pay 16.8% more for housing

	Singapore	Akranes
Internet connection 50 mbps or faster, cable/dsl	$35.10 SGD44.98	$81.97 ISK10,353	+133.5%
1-Bedroom apartment in downtown area	$3,116.78 SGD3,994.16	$3,034.78 ISK383K	-2.6%
1-Bedroom apartment outside city center	$2,276.91 SGD2,917.85	$1,906.99 ISK241K	-16.2%
Utilities for two (700 sq ft apartment) including electric, gas, water, heating	$116.26 SGD148.98	$60.87 ISK7,688	-47.6%
Average			+16.8%

Singapore vs. Akranes - Cost of housing

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pay 34.2% less for childcare

	Singapore	Akranes
Private preschool for 1 child, monthly	$1,253.76 SGD1,606.69	$327.78 ISK41,399	-73.9%
Middle school for 1 child, two semesters	$29,085.74 SGD37,273.38	$30,711.08 ISK4M	+5.6%
Average			-34.2%

Singapore vs. Akranes - Cost of childcare

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pay 31.7% more for entertainment and sports

	Singapore	Akranes
Domestic/local beer (1 pint)	$7.73 SGD9.91	$10.66 ISK1,347	+37.9%
Cappuccino in mid-range area	$4.68 SGD5.99	$6.15 ISK777	+31.5%
Pack of cigarettes Marlboro or similar	$12.76 SGD16.35	$13.94 ISK1,760	+9.2%
Monthly membership at local gym	$117.15 SGD150.13	??
Movie ticket to theater/cinema	$11.60 SGD14.86	$17.18 ISK2,170	+48.1%
Average			+31.7%

Singapore vs. Akranes - Cost of entertainment and sports

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pay 75.8% more for clothing

	Singapore	Akranes
Regular jeans Levi's brand	$84.93 SGD108.84	$145.10 ISK18,326	+70.8%
Regular dress from H&M or similar store	$42.58 SGD54.56	$63.97 ISK8,079	+50.2%
Running shoes Nike or Adidas	$104.51 SGD133.94	$193.43 ISK24,430	+85.1%
Men's business shoes (leather)	$126.20 SGD161.73	$248.79 ISK31,422	+97.1%
Average			+75.8%

Singapore 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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