Last update: Oct 2026

Cost of Living Comparison Between Austin, TX and Egilsstadir

For one person, living is cheaper in Egilsstadir: $623 a month against $2,704 in Austin, TX, rent and utilities included – about $25,000 less a year. Rent and utilities account for most of the difference.

129

Cost of Living Index in Austin, TX
Learn more

Austin, TX Living Index

Jump to prices

Austin, TX

🇺🇸 United States

$2,704

/mo nomad

Egilsstadir

🇮🇸 Iceland

$623

/mo nomad

Monthly Cost of Living

How much you'll spend in Austin, TX 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 Austin, TX and in Egilsstadir actually costs, broken down by who's living it.

Monthly costs for one person with rent: $2,704 in Austin, TX versus $623 in Egilsstadir.

Austin, TX $2,704
Egilsstadir $623

Estimated couple costs with rent: $4,133 in Austin, TX versus $1,044 in Egilsstadir.

Austin, TX $4,133
Egilsstadir $1,044

Monthly costs for a family of three with rent: $5,562 in Austin, TX versus $1,465 in Egilsstadir.

Austin, TX $5,562
Egilsstadir $1,465

Living in Austin, TX is roughly 334% more expensive than in Egilsstadir, and outside of rent the biggest gap is in eating out.

The two cities straddle the global median: Austin, TX is 102% above, Egilsstadir is 53% below.

Meal at Budget Restaurant

$20.22 $20.22

Three-Course Dinner for Two, Mid-Range

$85.0 $85.0

Fast Food Meal (McDonalds, etc)

$12.35 $12.35

Cappuccino

$5.47 $5.47

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

$3.82 $3.82

Water (0.33 liter bottle)

$2.50 $2.50

Local Beer (0.5 liter draught)

$8.06 $8.06

Imported Beer (0.33 liter bottle)

$8.99 $8.99

Milk (1 liter)

$1.13 $1.13

$1.70 ISK 207

-33.53%

White Bread (500g)

$3.78 $3.78

$2.85 ISK 348

32.63%

Rice (white) (1kg)

$3.25 $3.25

$2.48 ISK 302

31.05%

Eggs

$4.14 $4.14

$5.85 ISK 712

-29.23%

Local Cheese (1kg)

$13.08 $13.08

$22.28 ISK 2,715

-41.29%

Chicken Fillets (1kg)

$14.31 $14.31

$33.23 ISK 4,049

-56.94%

Beef Round Steak (1kg)

$15.96 $15.96

$43.56 ISK 5,308

-63.36%

Apples (1kg)

$4.38 $4.38

$2.70 ISK 328

62.22%

Banana (1kg)

$1.45 $1.45

$2.45 ISK 298

-40.82%

Oranges (1kg)

$4.54 $4.54

$2.54 ISK 309

78.74%

Tomato (1kg)

$4.19 $4.19

$3.85 ISK 469

8.83%

Potato (1kg)

$2.63 $2.63

$4.40 ISK 536

-40.23%

Onion (1kg)

$2.36 $2.36

$2.11 ISK 257

11.85%

Lettuce (1 head)

$1.76 $1.76

$2.20 ISK 268

-20.00%

Water (1.5 liter bottle)

$2.16 $2.16

$2.22 ISK 270

-2.70%

Cigarettes 20 Pack (Marlboro, Camel)

$9.81 $9.81

Wine (Bottle)

$14.72 $14.72

$22.37 ISK 2,726

-34.20%

Local Beer (0.5 liter bottle)

$2.78 $2.78

$3.99 ISK 486

-30.33%

Imported Beer (0.33 liter bottle)

$3.48 $3.48

$3.56 ISK 433

-2.25%

One-way Ticket (Public Transport)

$1.49 $1.49

Public Transport Monthly Pass (Regular Price)

$40.51 $40.51

Taxi Start (Normal Tariff)

$2.67 $2.67

$6.11 ISK 744

-56.30%

Taxi (Normal Tariff) (1km)

$1.58 $1.58

Taxi 1hour Waiting (Normal Tariff)

$35.29 $35.29

Gasoline (1 liter)

$0.99 $0.99

$2.33 ISK 284

-57.51%

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

$35.8K $35.8K

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

$27.2K $27.2K

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

$219 $219

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

$58.0 $58.0

Internet (50+ Mbps, Unlimited Data)

$68.4 $68.4

Gym Membership (Monthly)

$57.9 $57.9

Tennis Court (1 Hour on Weekend)

$14.82 $14.82

Cinema Ticket

$14.13 $14.13

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

$1,509 $1,509

International Primary School, 1 Child (Yearly)

$21.5K $21.5K

Jeans (Levis 501 Or Similar)

$51.7 $51.7

Summer Dress (H&M, Zara, etc)

$44.05 $44.05

Sport Shoes (Adidas, Nike)

$85.1 $85.1

Men's Leather Business Shoes

$105 $105

1-bedroom Apartment, City Center (Monthly)

$1,932 $1,932

1-bedroom Apartment, Outside City Center (Monthly)

$1,272 $1,272

3-bedroom Apartment, City Center (Monthly)

$3,670 $3,670

3-bedroom Apartment, Outside City Center (Monthly)

$2,525 $2,525

Buy Apartment in City Center (m2)

$7,617 $7,617

Buy Apartment Outside City Center (m2)

$3,199 $3,199

Average Monthly Net Salary (After Tax)

$5,105 $5,105

20-Year Fixed Mortgage Interest Rate (Annual %)

6.79

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

Last update for Austin, TX: 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

Austin, TX

$1.3K 48.2%

Egilsstadir

–

Groceries & Markets

Austin, TX

$403 15.3%

Egilsstadir

–

Eating Out

Austin, TX

$348 13.2%

Egilsstadir

–

Monthly Utilities & Internet

Austin, TX

$346 13.1%

Egilsstadir

–

Clothing & Footwear

Austin, TX

$129 4.9%

Egilsstadir

–

Sport & Entertainment

Austin, TX

$86 3.3%

Egilsstadir

–

Getting Around

Austin, TX

$57 2.2%

Egilsstadir

–

Good to know

🇺🇸 Austin, TX

🇮🇸 Egilsstadir

🕒 Local time

03:34 3:34 AM

08:34 8:34 AM

5 h ahead of Austin, TX

🌤 Weather

👥 Population

974,447

2,500

💱 Currency

United States Dollar USD $

Icelandic Króna ISK kr

📈 Exchange rate

1 USD = 0.892 EUR

1,000 ISK = 8.21 USD

1,000 ISK = 7.32 EUR

Exchange rates and currency converter

ISK, EUR to USD – United States Dollar Converter

🇮🇸 Icelandic Króna (kr)

🇺🇸 United States Dollar ($)

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

Icelandic Króna exchange rates as of October 10, 2026: 1 USD = 122 ISK (1,000 ISK = 8.21 USD). 1 EUR = 137 ISK (1,000 ISK = 7.32 EUR).

ISK to USD in detail →

On the map

Lowest

Highest

Between locations

Austin, TX Egilsstadir 6,670 km ≈ 9 h nonstop flight

From you

Austin, TX
Egilsstadir

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

Austin, TX vs Egilsstadir: Cost of Living - Frequently Asked Questions

Egilsstadir wins on cost – living expenses run 334% lower than in Austin, TX. 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 $4,055 in Austin, TX 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 Austin, TX pay roughly 55% less for everyday groceries. It's an unusual reversal that partly offsets higher costs elsewhere.

All in, you'll spend $2,704 per month in Austin, TX versus $623 in Egilsstadir – a 334% gap that adds up to real savings over time for anyone picking the cheaper option.

At $623 in Egilsstadir versus $2,704 in Austin, TX, a $1,500 budget is realistic in Egilsstadir but tight or insufficient in Austin, TX. The gap between the two cities makes Egilsstadir the clear choice for anyone on this budget.

Both cities offer a good standard of living with different trade-offs. Neither is objectively better – the right pick depends on what matters most: affordability, career, cultural scene, or climate.

Safety-wise, Austin, TX 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 334% less than in Austin, TX. Beyond cost, consider language, visa policies, and how big the international community is in each city.