Cost of Living in Parma vs Akureyri

Cost of living in Parma is 21% lower than in Akureyri (without rent).

Rent in Parma is 3% cheaper than in Akureyri.

Cost of living including rent in Parma is 11% lower than in Akureyri.

Food in Parma is 16% cheaper than in Akureyri.

Transport in Parma is 29% cheaper than in Akureyri.

Parma vs. Akureyri Comparision

Parma Akureyri
Cost of Living, including rent
2,049 $
2,300 $
Without Rent
792 $
1,007 $
Rent & Utilities
1,257 $
1,293 $
Food
605 $
717 $
Transport
59 $
83 $
Monthly Salary, after tax
3,409 $
3,866 $
Quality of Life
69
63
Population
81.1K
19.9K

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Parma Akureyri

Restaurants

Lunch menu,
inexpensive restaurant
17.9 $ 22 $
Dinner, for 2 70.4 $ 118 $
Fast food, McDonalds or KFC 10.1 $ 18.4 $
Beer, 0.5 L or 16 fl oz 5.95 $ 9.69 $
Capuccino 5.02 $ 4.12 $
Coke, 330ml 2.36 $ 2.85 $

Markets

Milk, 1 L or 1 qt 0.86 $ 1.73 $
Bread, 0.5 kg or 1 lb 2.91 $ 3.01 $
Rice, 1 kg or 2 lb 5.47 $ 2.21 $
Eggs, 12 pack 3.21 $ 4.59 $
Cheese, 1 kg or 2 lb 10 $ 9.88 $
Chicken Breast, 1 kg or 2 lb 13.4 $ 15.5 $
Round Steak, 1 kg or 2 lb 18.6 $ 26 $
Apples, 1 kg or 2 lb 5.31 $ 1.84 $
Banana, 1 kg or 2 lb 1.34 $ 2.81 $
Oranges, 1 kg or 2 lb 3.56 $ 2.64 $
Potatoes, 1 kg or 2 lb 2.47 $ 1.33 $
Onions, 1 kg or 2 lb 2.92 $ 1.59 $
Water, 1 L or 1 qt 1.49 $ 1.23 $
Coca-Cola / Pepsi, 2 L or 67.6 fl oz 2.38 $ 2.74 $
Wine, 750 mL bottle 12.6 $ 20 $
Beer, 0.5 L or 16 fl oz 1.79 $ 3.28 $
Cigarette pack 8.97 $ 11.2 $

Transport

Local transport ticket, One-way Ticket 2.52 $ 4.33 $
Monthly pass, Monthly Ticket 82.6 $ 73.8 $
Gas or petrol, 1 L or 0.26 gal 0.88 $ 2.22 $
Taxi, 8 km 13.7 $ 24.9 $

Personal Care

Doctor visit, private clinic 84.8 $ 83.2 $
Cold medicine, for 1 week 8.15 $ 11.6 $
Hair shampoo, 400 ml or 12 oz 4.48 $ 5.34 $
Toilet paper, 4 rolls 2.94 $ 4.78 $
Toothpaste, 1 tube 1.44 $ 3.32 $

Utilities per Month

Utility bill - 1 person,
electricity, heating, water & garbage
152 $ 83 $
Utility bill - family,
electricity, heating, water & garbage
237 $ 126 $
Internet plan,
+60 Mbps
56.4 $ 95.8 $

Rent per Month

1 Bedroom Apartment, outside of center, 40 sq.m 1,087 $ 1,090 $
3 Bedroom Apartment, outside of center, 85 sq.m 1,795 $ 1,746 $
1 Bedroom Apartment, in city center, 40 sq.m 894 $ 1,208 $
3 Bedroom Apartment, in city center, 85 sq.m 1,595 $ 2,019 $

Buy Apartment Price

Price per Square Meter to Buy Apartment, in city center 1,672 $ 4,445 $
Price per Square Meter to Buy House, in suburbs 1,363 $ 4,283 $

Salaries and Financing

Average Monthly Net Salary, after tax 3,409 $ 3,866 $
Mortgage Interest Rate, for 20 years fixed-rate 6.4 % 5.93 %

Sports and Leisure

Fitness Club, Monthly Fee for 1 Adult 10 $ 56 $
Cinema, 1 seat 12.1 $ 14 $
Haircut 14.6 $ 46.8 $

Clothing and Shoes

Brand Sneakers, mid-range, Nike or similar 99 $ 142 $
Brand Jeans, Levis 501 50.8 $ 125 $

Childcare

Preschool, full day, monthly for 1 child 1,023 $ 297 $
International Primary School, yearly for 1 child 17,900 $ 6,208 $