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 BreadA loaf of fresh white bread (500g) is priced at $2.20.
  • Eggs (Dozen)A dozen eggs cost $4.80.
  • Local CheeseLocal cheese is available at $8.82 per kg.
  • Water (1.5 liter bottle)A 1.5 liter bottle of water costs $2.00.
  • Chicken FilletsChicken fillets are priced at $11.02 per kg.
  • ApplesApples are available for $2.20 per kg.
  • OrangesOranges cost $2.20 per kg.
  • PotatoesPotatoes are priced at $2.20 per kg.
  • LettuceA head of lettuce costs $1.00.
  • RiceWhite rice is priced at $2.20 per kg.
  • TomatoesTomatoes are available for $2.20 per kg.
  • BananasBananas cost $2.20 per kg.
  • OnionsOnions are priced at $2.20 per kg.
  • Beef RoundBeef round or equivalent red meat costs $11.02 per kg.
Salaries and Financing
  • Average Monthly Net SalaryThe average monthly net salary after tax is $5,429.93.

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
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: Oct, 2025