Cost of living in Borgarnes
Borgarnes, a charming town in Iceland, offers a unique blend of natural beauty and modern amenities. Understanding the cost of living here is crucial for anyone considering a move or planning a visit.
This guide provides a detailed breakdown of expenses in Borgarnes, covering everything from dining and groceries to transportation and housing.
Cost of Living Summary
Dining and Restaurants
- Inexpensive Restaurant Meal - A meal at a casual restaurant will typically cost $20 on average, with a range between $14.24 and $35.08.
- Mid-Range Restaurant (Three-Course Meal for Two) - For a more upscale dining experience, expect to pay around $120, with prices ranging from $71.58 to $214.75.
- Fast Food (e.g., McDonald's) - A McMeal or equivalent combo meal averages $10, with a range between $10 and $21.47.
- Beverages (e.g., Domestic Beer, Imported Beer, Cappuccino, Coke/Pepsi) - Domestic beer ranges from $6 to $13.6, imported beer $6 to $13.24, cappuccino $3.58 to $6.8, and Coke/Pepsi $2.15 to $3.94.
Grocery Prices
- Milk - Milk is priced between $1.47 and $2.29 per liter, averaging $1.67.
- Bread (Loaf of Fresh White Bread) - A loaf of fresh white bread costs between $2.29 and $7.16, with an average price of $3.59.
- Eggs (Dozen) - A dozen eggs range from $4.29 to $6.87, averaging $5.78.
- Fruits (e.g., Apples, Oranges) - Apples cost $1.43 to $4.93 per kg, while oranges range from $1.93 to $5.37 per kg.
- Vegetables (e.g., Potatoes, Lettuce) - Potatoes are priced between $1.78 and $4.01 per kg, and lettuce costs $1.61 to $4.61 per head.
Transportation
- Fuel (Gasoline) - Gasoline is priced between $2.08 and $2.68 per liter.
- Taxi Fares - Taxi fares start at $5.23, with a cost of $2.15 to $4.35 per km and $67 to $85.9 per hour of waiting.
Housing Costs
- 1-Bedroom Apartment Rent (City Centre) - Rent for a 1-bedroom apartment in the city centre is not specified in the data provided.
- 1-Bedroom Apartment Rent (Outside Centre) - Rent for a 1-bedroom apartment outside the city centre is not specified in the data provided.
Utilities
- Basic Utilities (Electricity, Heating, Water, etc.) - Basic utilities for an 85m2 apartment cost between $49.39 and $178.95, averaging $71.16.
- Internet - Internet services range from $46.53 to $100.21, with an average cost of $60.
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
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"Key Takeaways"
Borgarnes offers a moderate cost of living with relatively high prices for dining and groceries compared to some other regions.
Transportation costs are significant, especially for fuel and taxi services.
Utilities are reasonably priced, but internet services can be on the higher side.
Conclusion
In conclusion, Borgarnes presents a unique living experience with its scenic landscapes and modern conveniences.
While some costs, such as dining and transportation, are on the higher side, the overall cost of living remains manageable for many.
Prospective residents should consider these factors when planning their move to this picturesque Icelandic town.