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 2025

On average, the cost of living in Akranes in 2025 is 26% 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 2025 compared to average prices in the United States (USA):

Local prices in Akranes by expense type

Restaurant budget in Akranes

Lunch

$ 25/person
($ 16 to $ 49)

---

9% more than in the United States (USA) Average price in the United States (USA): $ 22

3 course dinner

$ 72/person
($ 45 to $ 121)

---

77% more than in the United States (USA) Average price in the United States (USA): $ 41

McDonald's meal

$ 21/person
($ 19 to $ 30)

---

68% more than in the United States (USA) Average price in the United States (USA): $ 12

Local beer

$ 10.3 for 500ml
($ 8 to $ 16)

---

60% more than in the United States (USA) Average price in the United States (USA): $ 6.5

Imported beer

$ 2 for 330ml
($ 2 to $ 4.1)

---

47% less than in the United States (USA) Average price in the United States (USA): $ 3.8

Cappuccino

$ 5.9/cup
($ 3.9 to $ 7.5)

---

6% more than in the United States (USA) Average price in the United States (USA): $ 5.6

Fizzy drink

$ 3.1/can
($ 2.4 to $ 4.4)

---

15% more than in the United States (USA) Average price in the United States (USA): $ 2.7

Water bottle

$ 2.4/bottle
($ 1.7 to $ 3.6)

---

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

Hotel and accommodation budget in Akranes

1-star hotel

$ 91/night
($ 90 to $ 90)

---

48% less than in the United States (USA) Average price in the United States (USA): $ 175

2-star hotel

$ 199/night
($ 95 to $ 519)

---

20% more than in the United States (USA) Average price in the United States (USA): $ 167

3-star hotel

$ 284/night
($ 112 to $ 720)

---

16% more than in the United States (USA) Average price in the United States (USA): $ 245

4-star hotel

$ 351/night
($ 179 to $ 1102)

---

2% more than in the United States (USA) Average price in the United States (USA): $ 345

5-star hotel

$ 596/night
($ 552 to $ 752)

---

6% more than in the United States (USA) Average price in the United States (USA): $ 564

Hostel/Youth Hostel

$ 201/month
($ 121 to $ 420)

---

14% more than in the United States (USA) Average price in the United States (USA): $ 177

Room with kitchen

$ 313/month
($ 103 to $ 1029)

---

20% more than in the United States (USA) Average price in the United States (USA): $ 263

Hotel with swimming pool

$ 252/month
($ 135 to $ 501)

---

14% more than in the United States (USA) Average price in the United States (USA): $ 223

Cottage or guest house

$ 244/month
($ 147 to $ 522)

---

3% less than in the United States (USA) Average price in the United States (USA): $ 254

Family room

$ 409/month
($ 153 to $ 1301)

---

89% more than in the United States (USA) Average price in the United States (USA): $ 218

Supermarket food budget in Akranes

Milk

$ 1.9/litre
($ 1.6 to $ 2.6)

---

64% more than in the United States (USA) Average price in the United States (USA): $ 1.1

Bread

$ 2/500g
($ 2 to $ 8)

---

48% less than in the United States (USA) Average price in the United States (USA): $ 3.9

Rice

$ 3.4/kg
($ 2.3 to $ 5.6)

---

31% less than in the United States (USA) Average price in the United States (USA): $ 5

Eggs

$ 6/12 eggs
($ 4.8 to $ 7.7)

---

49% more than in the United States (USA) Average price in the United States (USA): $ 4

Chicken

$ 24/kg
($ 12 to $ 30)

---

75% more than in the United States (USA) Average price in the United States (USA): $ 13

Apples

$ 3.4/kg
($ 1.6 to $ 5.5)

---

41% less than in the United States (USA) Average price in the United States (USA): $ 5.7

Tomatoes

$ 4.8/kg
($ 2.6 to $ 7.5)

---

9% less than in the United States (USA) Average price in the United States (USA): $ 5.3

Potatoes

$ 3.6/kg
($ 2 to $ 5.6)

---

11% more than in the United States (USA) Average price in the United States (USA): $ 3.2

Water bottle

$ 2.3
($ 1 to $ 7.2)

---

3% less than in the United States (USA) Average price in the United States (USA): $ 2.4

Public and private transport budget in Akranes

Bus ticket

$ 3.6/ticket
( $ 3.6)

---

33% more than in the United States (USA) Average price in the United States (USA): $ 2.7

Taxi (per km)

$ 1.2/km
($ 1.2 to $ 4.9)

---

36% less than in the United States (USA) Average price in the United States (USA): $ 1.9

Petrol

$ 2.4/litre
($ 2.3 to $ 2.7)

---

141% more than in the United States (USA) Average price in the United States (USA): $ 1

Taxi (initial pick-up charge)

$ 6.2
($ 5.8 to $ 8)

---

56% more than in the United States (USA) Average price in the United States (USA): $ 4

Leisure activity budget in Akranes

Cinema

$ 17/ticket
($ 14 to $ 19)

---

8% more than in the United States (USA) Average price in the United States (USA): $ 16

Budget for clothes and price of cigarettes in Akranes

Cigarettes

$ 14/pack
($ 12 to $ 17)

---

24% more than in the United States (USA) Average price in the United States (USA): $ 11

Levi's jeans

$ 126
($ 66 to $ 177)

---

120% more than in the United States (USA) Average price in the United States (USA): $ 57

Summer dress

$ 60
($ 32 to $ 105)

---

27% more than in the United States (USA) Average price in the United States (USA): $ 47

Plane ticket budget

London → Reykjavík

$ 200
(fair price: $ 157)

Manchester → Reykjavík

$ 273
(fair price: $ 219)

New York City → Reykjavík

$ 442
(fair price: $ 370)

Montreal → Reykjavík

$ 812
(fair price: $ 753)

Dublin → Reykjavík

$ 268
(fair price: $ 221)

Toronto → Reykjavík

$ 535
(fair price: $ 432)