Town in Northeastern Region, Iceland
Cost of living in Akureyri
How much a month costs in Akureyri
For one person, including rent. A comfortable month costs about $4,110–5,750 (kr500,000–700,000).
Prices in Akureyri
Typical 2026 ranges in ISK, rounded. US$ at the 03 Oct 2026 exchange rate.
| Item | ISK | US$ |
|---|---|---|
| Housing | ||
| 1-bedroom apartment, center (month) | kr200,000–300,000 | $1,640–2,460 |
| 1-bedroom apartment, outside center (month) | kr170,000–250,000 | $1,400–2,050 |
| Hostel dorm bed (night) | kr7,000–10,000 | $57–82 |
| Mid-range hotel room (night) | kr20,000–38,000 | $164–312 |
| Food and drink | ||
| Local meal or street food | kr2,500–3,500 | $21–29 |
| Mid-range restaurant, per person | kr5,000–8,000 | $41–66 |
| Cappuccino | kr700–950 | $5.7–7.8 |
| Local beer, 0.5 l in a bar | kr1,400–2,000 | $11.5–16.4 |
| Getting around | ||
| Ride-hailing or taxi, about 5 km | kr2,500–3,800 | $21–31 |
| Work and life | ||
| Gym membership (month) | kr9,000–14,000 | $74–115 |
| Mobile data, 20–50 GB (month) | kr3,000–5,500 | $25–45 |
Value for money: 7/100
A value score of 7/100 means Akureyri gives more quality of life per dollar than 6% of the 1,319 places we cover. Quality here scores 86/100. It's the 1st most affordable of 3 places we cover in Iceland.
| Quality factor | Score |
|---|---|
| Safety | |
| Air quality | |
| Internet | |
| Healthcare | |
| Weather | |
| Friendly locals | |
| English |
Cost of living across Iceland
One person, comfortable lifestyle, including rent.
Cheaper alternatives to Akureyri
Similar safety, lower cost, in Europe.
| Place | Country | Comfortable month |
|---|---|---|
| Sibiu | Romania | $1,160–1,690 |
| Santiago de Compostela | Spain | $1,580–2,250 |
| Toledo | Spain | $1,690–2,360 |
| Córdoba | Spain | $1,690–2,360 |
| Coimbra | Portugal | $1,800–2,590 |
Quick answers
How much money do you need per month in Akureyri?
About $2,710–3,530 on a lean budget, $4,110–5,750 for a comfortable month and $6,980–9,850 for a luxury one, rent included.
How much is rent in Akureyri?
A furnished 1-bedroom apartment costs kr200,000–300,000 ($1,640–2,460) a month in the center and kr170,000–250,000 ($1,400–2,050) outside it.
How much does food cost in Akureyri?
A local meal is kr2,500–3,500 ($21–29); a mid-range restaurant is kr5,000–8,000 ($41–66) per person.
Is Iceland expensive?
Prices in Iceland are about 118% of US price levels (World Bank PPP).
More about Akureyri
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Sources
- ExchangeRate-API open rates
- World Bank: PPP conversion factor
- Visit Akureyri
- Akureyri Airport (Isavia)
- Akureyri Hospital
- SafeTravel Iceland
Prices are SoloSquare estimates for 2026, reviewed against official and operator prices where available. Compiled and reviewed by SoloSquare. How we compile and score this. Spotted something out of date? Tell us.