Travel budget and cost of living in Akranes (Iceland) how much does a trip cost?

Akranes travel budget

Akranes: calculate your travel budget

Sample budgets for a trip to Akranes

These example budgets assume a 2-week holiday in Akranes for 2 people.

* estimated local budget for 2 people for 2 weeks (excluding plane tickets).

Cost of living in Akranes compared to United States in 2024

On average, the cost of living in Akranes in 2024 is 24% higher than the average cost of living in the United States (USA).

See the graphic below for the price variation percentage by type of expense in Akranes in 2024 compared to average prices in the United States (USA):

Local prices in Akranes by expense type

Restaurant budget in Akranes

Lunch

$ 23/person
($ 14 to $ 45)

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11% more than in the United States (USA) Average price in the United States (USA): $ 20

3 course dinner

$ 63/person
($ 37 to $ 111)

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65% more than in the United States (USA) Average price in the United States (USA): $ 38

McDonald's meal

$ 19/person
($ 17 to $ 27)

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68% more than in the United States (USA) Average price in the United States (USA): $ 11

Local beer

$ 9.6 for 500ml
($ 7.4 to $ 14)

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60% more than in the United States (USA) Average price in the United States (USA): $ 6

Imported beer

$ 1.8 for 330ml
($ 1.8 to $ 3.3)

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47% less than in the United States (USA) Average price in the United States (USA): $ 3.5

Cappuccino

$ 5.2/cup
($ 4 to $ 7)

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3% more than in the United States (USA) Average price in the United States (USA): $ 5.1

Fizzy drink

$ 2.9/can
($ 2.2 to $ 4.5)

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16% more than in the United States (USA) Average price in the United States (USA): $ 2.5

Water bottle

$ 2.2/bottle
($ 1.4 to $ 3.3)

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7% more than in the United States (USA) Average price in the United States (USA): $ 2.1

Hotel and accommodation budget in Akranes

1-star hotel

$ 84/night
($ 83 to $ 83)

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53% less than in the United States (USA) Average price in the United States (USA): $ 181

2-star hotel

$ 174/night
($ 89 to $ 460)

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7% more than in the United States (USA) Average price in the United States (USA): $ 163

3-star hotel

$ 265/night
($ 104 to $ 672)

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11% more than in the United States (USA) Average price in the United States (USA): $ 239

4-star hotel

$ 334/night
($ 173 to $ 971)

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4% more than in the United States (USA) Average price in the United States (USA): $ 323

5-star hotel

$ 508/night
($ 442 to $ 738)

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9% more than in the United States (USA) Average price in the United States (USA): $ 470

Hostel/Youth Hostel

$ 205/month
($ 112 to $ 481)

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19% more than in the United States (USA) Average price in the United States (USA): $ 173

Room with kitchen

$ 287/month
($ 100 to $ 885)

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14% more than in the United States (USA) Average price in the United States (USA): $ 253

Hotel with swimming pool

$ 246/month
($ 115 to $ 565)

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13% more than in the United States (USA) Average price in the United States (USA): $ 218

Cottage or guest house

$ 237/month
($ 111 to $ 614)

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2% more than in the United States (USA) Average price in the United States (USA): $ 234

Family room

$ 386/month
($ 145 to $ 1217)

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78% more than in the United States (USA) Average price in the United States (USA): $ 218

Supermarket food budget in Akranes

Milk

$ 1.7/litre
($ 1.4 to $ 2.3)

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62% more than in the United States (USA) Average price in the United States (USA): $ 1

Bread

$ 1.8/500g
($ 1.8 to $ 7.4)

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48% less than in the United States (USA) Average price in the United States (USA): $ 3.6

Rice

$ 3.1/kg
($ 2.1 to $ 5.1)

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31% less than in the United States (USA) Average price in the United States (USA): $ 4.6

Eggs

$ 5.5/12 eggs
($ 4.5 to $ 7)

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49% more than in the United States (USA) Average price in the United States (USA): $ 3.7

Chicken

$ 22/kg
($ 12 to $ 28)

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76% more than in the United States (USA) Average price in the United States (USA): $ 13

Apples

$ 3/kg
($ 2 to $ 5.5)

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44% less than in the United States (USA) Average price in the United States (USA): $ 5.3

Tomatoes

$ 4.5/kg
($ 2.3 to $ 6.9)

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10% less than in the United States (USA) Average price in the United States (USA): $ 4.9

Potatoes

$ 3.2/kg
($ 1.7 to $ 5.1)

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8% more than in the United States (USA) Average price in the United States (USA): $ 3

Water bottle

$ 2
($ 0.9 to $ 6.6)

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7% less than in the United States (USA) Average price in the United States (USA): $ 2.2

Public and private transport budget in Akranes

Bus ticket

$ 3.3/ticket
( $ 3.3)

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33% more than in the United States (USA) Average price in the United States (USA): $ 2.5

Taxi (per km)

$ 1.1/km
($ 1.1 to $ 4.3)

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35% less than in the United States (USA) Average price in the United States (USA): $ 1.7

Petrol

$ 2.3/litre
($ 2.1 to $ 2.5)

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140% more than in the United States (USA) Average price in the United States (USA): $ 1

Taxi (initial pick-up charge)

$ 5.5
($ 5.4 to $ 7.4)

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55% more than in the United States (USA) Average price in the United States (USA): $ 3.5

Leisure activity budget in Akranes

Cinema

$ 16/ticket
($ 13 to $ 18)

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8% more than in the United States (USA) Average price in the United States (USA): $ 14

Budget for clothes and price of cigarettes in Akranes

Cigarettes

$ 13/pack
($ 12 to $ 16)

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22% more than in the United States (USA) Average price in the United States (USA): $ 10

Levi's jeans

$ 112
($ 61 to $ 148)

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112% more than in the United States (USA) Average price in the United States (USA): $ 53

Summer dress

$ 52
($ 28 to $ 96)

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17% more than in the United States (USA) Average price in the United States (USA): $ 44

Plane ticket budget

New York City → Reykjavík

$ 425
(fair price: $ 352)

Toronto → Reykjavík

$ 506
(fair price: $ 377)

London → Reykjavík

$ 157
(fair price: $ 123)

Chicago → Reykjavík

$ 733
(fair price: $ 637)

Montreal → Reykjavík

$ 827
(fair price: $ 743)

Edinburgh → Reykjavík

$ 206
(fair price: $ 176)