Cost of living in Akureyri
Akureyri, a charming town in Iceland, offers a unique blend of natural beauty and cultural richness. Understanding the cost of living here is crucial for anyone considering relocation or planning an extended stay.
This guide provides a detailed breakdown of expenses in Akureyri, covering everything from dining and groceries to housing and transportation.
Cost of Living Summary
Dining and Restaurants
- Inexpensive Restaurant Meal - A meal at a casual restaurant will typically cost $21.49 on average, with a range between $11.82 and $50.
- Mid-Range Restaurant (Three-Course Meal for Two) - For a more upscale dining experience, expect to pay around $117.3, with prices ranging from $93.11 to $143.25.
- Fast Food (e.g., McDonald's) - A McMeal or equivalent combo meal averages $17.91, with a range between $15.04 and $17.91.
- Beverages (e.g., Domestic Beer, Imported Beer, Cappuccino, Coke/Pepsi) - Domestic beer ranges from $7.88 to $10.74, imported beer $4.3 to $10.74, cappuccino $2.15 to $5.01, and Coke/Pepsi $2.15 to $3.94.
Grocery Prices
- Milk - Milk is priced between $1.22 and $2.51 per liter, averaging $1.7.
- Bread (Loaf of Fresh White Bread) - A loaf of fresh white bread costs between $2.12 and $3.27, with an average price of $2.91.
- Eggs (Dozen) - A dozen eggs range from $4.28 to $4.65, averaging $4.41.
- Fruits (e.g., Apples, Oranges) - Apples cost $1.79 per kg, while oranges average $2.58 per kg.
- Vegetables (e.g., Potatoes, Tomatoes) - Potatoes are priced at $1.29 per kg, and tomatoes average $2.51 per kg.
Transportation
- Public Transport (One-Way Ticket) - Public transport in Akureyri is free, with no cost for a one-way ticket.
- Fuel (Gasoline) - Gasoline is priced between $1.88 and $2.29 per liter.
- Taxi Fares - Taxi fares start at $4.66, with an hourly waiting charge of $57.3.
Housing Costs
- 1-Bedroom Apartment Rent (City Centre) - Rent for a 1-bedroom apartment in the city centre ranges from $1002.72 to $1432.46, averaging $1289.21.
- 1-Bedroom Apartment Rent (Outside Centre) - Outside the centre, rent ranges from $859.48 to $1360.84, averaging $1169.84.
- 3-Bedroom Apartment Rent (City Centre) - Rent for a 3-bedroom apartment in the city centre ranges from $1790.57 to $2148.69, averaging $1957.69.
- 3-Bedroom Apartment Rent (Outside Centre) - Outside the centre, rent ranges from $1432.46 to $1898.01, averaging $1707.01.
- Buying Price per Square Meter (City Centre) - The price per square meter to buy an apartment in the city centre ranges from $2864.92 to $5729.84, averaging $4297.38.
- Buying Price per Square Meter (Outside Centre) - Outside the centre, the price per square meter ranges from $2506.8 to $5729.84, averaging $4118.32.
Utilities
- Basic Utilities (Electricity, Heating, Water, etc.) - Basic utilities for an 85m2 apartment cost between $107.43 and $143.25, averaging $131.31.
- Internet - Internet services range from $50.14 to $143.25, with an average cost of $93.11.
Cost of Living Rankings
The cost of living indices for Iceland are compared to New York City (NYC), which serves as the baseline with an index of 100. These provide insights into the relative cost of living in different cities in Iceland, covering factors like consumer goods, rent, and purchasing power.
Cost of Living Data
Restaurants
Restaurants
Markets
Markets
Transportation
Transportation
Rent Per Month
Rent Per Month
Utilities (Monthly)
Utilities (Monthly)
Sports And Leisure
Sports And Leisure
Clothing And Shoes
Clothing And Shoes
Buy Apartment Price
Buy Apartment Price
Salaries And Financing
Salaries And Financing
Childcare
Childcare
"Key Takeaways"
Akureyri offers a relatively high cost of living, particularly in dining and housing. However, public transportation is free, which can help offset some expenses.
Grocery prices are moderate, with essentials like milk and bread being reasonably priced. Housing costs vary significantly depending on location, with city centre apartments being more expensive.
Utilities and internet services are on the higher side, reflecting the overall cost of living in Iceland.
Conclusion
In conclusion, Akureyri presents a unique living experience with its beautiful landscapes and cultural offerings. While the cost of living is high, particularly in dining and housing, the free public transportation is a significant advantage.
Prospective residents should budget carefully, especially for housing and utilities, to ensure a comfortable lifestyle in this picturesque Icelandic town.