Cost of living in Bakkafjordur

Bakkafjordur, a quaint town in Iceland, offers a unique living experience with its serene landscapes and close-knit community. Understanding the cost of living here is crucial for anyone considering a move or planning a visit.

This guide provides a detailed breakdown of essential expenses, including groceries, housing, and average salaries, to help you make informed financial decisions.

Cost of Living Summary

Grocery Prices

  • Loaf of Fresh White Bread - A loaf of fresh white bread (500g) is priced at $2.20.
  • Eggs (Dozen) - A dozen eggs cost $4.80.
  • Local Cheese - Local cheese is available at $8.82 per kg.
  • Water (1.5 liter bottle) - A 1.5 liter bottle of water costs $2.00.
  • Chicken Fillets - Chicken fillets are priced at $11.02 per kg.
  • Apples - Apples are available for $2.20 per kg.
  • Oranges - Oranges cost $2.20 per kg.
  • Potatoes - Potatoes are priced at $2.20 per kg.
  • Lettuce - A head of lettuce costs $1.00.
  • Rice - White rice is priced at $2.20 per kg.
  • Tomatoes - Tomatoes are available for $2.20 per kg.
  • Bananas - Bananas cost $2.20 per kg.
  • Onions - Onions are priced at $2.20 per kg.
  • Beef Round - Beef round or equivalent red meat costs $11.02 per kg.

Salaries and Financing

  • Average Monthly Net Salary - The average monthly net salary after tax is $5,429.93.
Worldwide
Iceland

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.

Highest to LowestUpdated: Feb, 2025
Reykjavik
1. Reykjavik
Iceland

Cost of Living Data

The following pricing data has been gathered from 2 user contributions, as of the most recent update in December, 2023.
Markets
Avg / Range
Loaf of Fresh White Bread (500g)
$2.20
Eggs (regular) (12)
$4.80
Local Cheese (1kg)
$8.82
Water (1.5 liter bottle)
$2.00
Chicken Fillets (1kg)
$11.02
Apples (1kg)
$2.20
Oranges (1kg)
$2.20
Potato (1kg)
$2.20
Lettuce (1 head)
$1.00
Rice (white), (1kg)
$2.20
Tomato (1kg)
$2.20
Banana (1kg)
$2.20
Onion (1kg)
$2.20
Beef Round (1kg) (or Equivalent Back Leg Red Meat)
$11.02
Salaries And Financing
Avg / Range
Average Monthly Net Salary (After Tax)
$5,429.93
OverviewJob Market
Bakkafjordur Cost of Living

"Key Takeaways"

Bakkafjordur offers a moderate cost of living with grocery prices that are relatively consistent across various items.

The average monthly salary is quite high, which can offset the cost of groceries and other living expenses, making it a potentially affordable place for those earning local wages.

Conclusion

In conclusion, Bakkafjordur presents a balanced cost of living, particularly for those earning the average local salary. While grocery prices are moderate, the high average salary provides a comfortable living standard.

Prospective residents should consider these factors when planning their budget, ensuring they can enjoy the unique lifestyle Bakkafjordur offers.

Bakkafjordur

Nearby Cities

Akureyri96 miles
All cities in Iceland