Last update: Oct 2026

Cost of Living Comparison Between Athens and Egilsstadir

For one person, living is cheaper in Egilsstadir: $623 a month against $1,806 in Athens, rent and utilities included – about $14,200 less a year. Rent and utilities account for most of the difference.

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Cost of Living Index in Athens
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Athens Living Index

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Athens

🇬🇷 Greece

$1,806

/mo nomad

Egilsstadir

🇮🇸 Iceland

$623

/mo nomad

Monthly Cost of Living

How much you'll spend in Athens and in Egilsstadir

Real prices from locals and on-the-ground checks – rent, groceries, transit and the daily extras. Here's what a month in Athens and in Egilsstadir actually costs, broken down by who's living it.

Monthly costs for one person with rent: $1,806 in Athens versus $623 in Egilsstadir.

Athens $1,806
Egilsstadir $623

Estimated couple costs with rent: $2,731 in Athens versus $1,044 in Egilsstadir.

Athens $2,731
Egilsstadir $1,044

Monthly costs for a family of three with rent: $3,656 in Athens versus $1,465 in Egilsstadir.

Athens $3,656
Egilsstadir $1,465

Living in Athens is roughly 190% more expensive than in Egilsstadir, and outside of rent the biggest gap is in groceries.

The two cities straddle the global median: Athens is 35% above, Egilsstadir is 53% below.

Meal at Budget Restaurant

$16.66 €14.87

Three-Course Dinner for Two, Mid-Range

$66.2 €59.1

Fast Food Meal (McDonalds, etc)

$11.06 €9.87

Cappuccino

$4.14 €3.69

Coke/Pepsi/Fanta/Sprite (0.33 liter bottle)

$2.80 €2.50

Water (0.33 liter bottle)

$0.57 €0.51

Local Beer (0.5 liter draught)

$5.64 €5.03

Imported Beer (0.33 liter bottle)

$5.46 €4.87

Milk (1 liter)

$1.96 €1.75

$1.70 ISK 207

15.29%

White Bread (500g)

$1.41 €1.26

$2.85 ISK 348

-50.53%

Rice (white) (1kg)

$2.83 €2.53

$2.48 ISK 302

14.11%

Eggs

$5.04 €4.50

$5.85 ISK 713

-13.85%

Local Cheese (1kg)

$15.35 €13.70

$22.28 ISK 2,717

-31.10%

Chicken Fillets (1kg)

$10.34 €9.23

$33.23 ISK 4,052

-68.88%

Beef Round Steak (1kg)

$18.97 €16.93

$43.56 ISK 5,312

-56.45%

Apples (1kg)

$2.17 €1.93

$2.70 ISK 329

-19.63%

Banana (1kg)

$1.91 €1.70

$2.45 ISK 298

-22.04%

Oranges (1kg)

$1.38 €1.23

$2.54 ISK 310

-45.67%

Tomato (1kg)

$2.20 €1.96

$3.85 ISK 469

-42.86%

Potato (1kg)

$1.10 €0.98

$4.40 ISK 536

-75.00%

Onion (1kg)

$1.13 €1.00

$2.11 ISK 257

-46.45%

Lettuce (1 head)

$1.10 €0.99

$2.20 ISK 268

-50.00%

Water (1.5 liter bottle)

$0.83 €0.74

$2.22 ISK 271

-62.61%

Cigarettes 20 Pack (Marlboro, Camel)

$5.60 €4.99

Wine (Bottle)

$10.19 €9.09

$22.37 ISK 2,728

-54.45%

Local Beer (0.5 liter bottle)

$2.18 €1.95

$3.99 ISK 487

-45.36%

Imported Beer (0.33 liter bottle)

$2.45 €2.19

$3.56 ISK 434

-31.18%

One-way Ticket (Public Transport)

$1.38 €1.23

Public Transport Monthly Pass (Regular Price)

$30.87 €27.55

Taxi Start (Normal Tariff)

$4.37 €3.90

$6.11 ISK 745

-28.48%

Taxi (Normal Tariff) (1km)

$1.04 €0.93

Taxi 1hour Waiting (Normal Tariff)

$17.11 €15.27

Gasoline (1 liter)

$2.31 €2.07

$2.33 ISK 284

-0.86%

Midsize Hatchback 1.4l (Volkswagen Golf, Toyota Prius, Honda Civic, etc)

$28.0K €25.0K

Compact Sedan 1.6l (Toyota Corolla, Mazda3, Kia K4, Hyundai Elantra, etc)

$28.0K €25.0K

Utilities for 2 People in 2-bedroom Apartment (Heating, Electricity, Gas, Water, Garbage) (85m2)

$210 €187

SIM Card Monthly Plan (Calls and 10GB+ Data)

$26.70 €23.83

Internet (50+ Mbps, Unlimited Data)

$30.13 €26.89

Gym Membership (Monthly)

$54.6 €48.72

Tennis Court (1 Hour on Weekend)

$26.03 €23.23

Cinema Ticket

$10.78 €9.62

Preschool or Kindergarten, Full Day, Private, 1 Child (Monthly)

$575 €513

International Primary School, 1 Child (Yearly)

$13.1K €11.7K

Jeans (Levis 501 Or Similar)

$93.2 €83.1

Summer Dress (H&M, Zara, etc)

$40.68 €36.30

Sport Shoes (Adidas, Nike)

$104 €92.9

Men's Leather Business Shoes

$128 €115

1-bedroom Apartment, City Center (Monthly)

$756 €674

1-bedroom Apartment, Outside City Center (Monthly)

$652 €582

3-bedroom Apartment, City Center (Monthly)

$1,294 €1,154

3-bedroom Apartment, Outside City Center (Monthly)

$1,163 €1,038

Buy Apartment in City Center (m2)

$4,008 €3,577

Buy Apartment Outside City Center (m2)

$3,452 €3,081

Average Monthly Net Salary (After Tax)

$1,243 €1,110

20-Year Fixed Mortgage Interest Rate (Annual %)

4.48

CityCost data is based on AI and user input – minor inaccuracies may occur.

Last update for Athens: October 5, 2026

Last update for Egilsstadir: October 5, 2026

Monthly budget structure

Share of the monthly basket for one person, rent included.

Accommodation & Living

Athens

$652 36.5%

Egilsstadir

–

Groceries & Markets

Athens

$315 17.6%

Egilsstadir

–

Eating Out

Athens

$269 15%

Egilsstadir

–

Monthly Utilities & Internet

Athens

$267 14.9%

Egilsstadir

–

Clothing & Footwear

Athens

$165 9.2%

Egilsstadir

–

Sport & Entertainment

Athens

$76 4.3%

Egilsstadir

–

Getting Around

Athens

$46 2.6%

Egilsstadir

–

Good to know

🇬🇷 Athens

🇮🇸 Egilsstadir

🕒 Local time

12:05 12:05 PM

09:05 9:05 AM

3 h behind Athens

🌤 Weather

👥 Population

3,090,508 Capital

2,500

💱 Currency

Euro EUR €

Icelandic Króna ISK kr

📈 Exchange rate

1 EUR = 1.12 USD

1,000 ISK = 8.2 USD

1,000 ISK = 7.31 EUR

Exchange rates and currency converter

ISK, USD to EUR – Euro Converter

🇺🇸 United States Dollar ($)

🇪🇺 Euro (€)

Euro exchange rates as of October 10, 2026: 1 USD = 0.892 EUR (1 EUR = 1.12 USD).

Icelandic Króna exchange rates as of October 10, 2026: 1 USD = 122 ISK (1,000 ISK = 8.2 USD). 1 EUR = 137 ISK (1,000 ISK = 7.31 EUR).

USD to EUR in detail →

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Between locations

Athens Egilsstadir 3,900 km ≈ 5 h nonstop flight

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Distances are measured in a straight line. Your location is detected approximately.

City Median Internet Speeds Comparison (Updated April 2026)

The chart highlights the Precision Threshold for mobile and fixed broadband internet speeds, updated quarterly.

Digital Nomad Cost of Living Index

Athens vs Egilsstadir: Cost of Living - Frequently Asked Questions

Egilsstadir wins on cost – living expenses run 190% lower than in Athens. Housing and daily spending are where you'll feel the difference most, making Egilsstadir the obvious pick if budget is a priority.

You'd need roughly $2,709 in Athens and $935 in Egilsstadir to live well. The gap comes down to housing and overall price levels. Both cities are liveable on less, but these numbers represent actual comfort.

Shoppers in Athens pay roughly 98% less for everyday groceries. It's an unusual reversal that partly offsets higher costs elsewhere.

All in, you'll spend $1,806 per month in Athens versus $623 in Egilsstadir – a 190% gap that adds up to real savings over time for anyone picking the cheaper option.

At $623 in Egilsstadir versus $1,806 in Athens, a $1,500 budget is realistic in Egilsstadir but tight or insufficient in Athens. The gap between the two cities makes Egilsstadir the clear choice for anyone on this budget.

Both work as nomad bases, but Egilsstadir delivers better value – similar infrastructure at $623 monthly. If stretching your runway or maximizing savings is the goal, the price difference makes Egilsstadir hard to pass up.

Safety-wise, Athens and Egilsstadir are on par. Petty crime is typical for cities this size, and most residents feel comfortable going about their daily routines in either place.

Expats usually find Egilsstadir gentler on the wallet – expenses run 190% less than in Athens. Beyond cost, consider language, visa policies, and how big the international community is in each city.