Planning to move to Akureyri? Here is a complete breakdown of the cost of living for expats in Akureyri, Iceland as of 2026. All figures are in EUR for easy cross-country comparison.
Monthly Cost Snapshot
Full Cost Breakdown
Compared to Country Average
| Category | Akureyri | Iceland Avg | Difference |
|---|---|---|---|
| 1BR Rent (Centre) | €1,564 | €1,541 | +1% above avg |
| Total Single (Centre) | €2,482 | €2,472 | at country average |
| Total Family (Centre) | €3,720 | €4,209 | -12% below avg |
| Groceries | €816 | €816 | at country average |
| Transport | €48 | €61 | -22% below avg |
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Frequently Asked Questions
How much does it cost to live in Akureyri in 2026?
A single expat living in central Akureyri should budget approximately €2,482 per month, covering rent, groceries, transport, utilities, healthcare, and entertainment. A family of four needs around €3,720/month.
How much is rent in Akureyri for expats?
A 1-bedroom apartment in Akureyri city centre costs around €1,564/month. Outside the centre, expect to pay approximately €1,095/month. A 3-bedroom apartment in the centre is around €3,441/month.
Is Akureyri expensive compared to other cities in Iceland?
Akureyri has a cost index of 100% relative to the capital. There are 3 cities tracked in Iceland for comparison.
Related: Iceland Guide · Iceland Salaries · Iceland Cost of Living · Visa Comparison · Compare Iceland · All Countries
Data sourced from numbeo. Last verified 2026-03-10.