Cost of Living Comparison Between Egilsstadir and Hafnarfjordur Cost of Living Comparison Between Egilsstadir and Hafnarfjordur

Monthly Cost of Living

Monthly costs for one person with rent: $632 in Egilsstadir versus $3,883 in Hafnarfjordur.

Estimated couple costs with rent: $1,060 in Egilsstadir versus $5,451 in Hafnarfjordur.

Monthly costs for a family of three with rent: $1,488 in Egilsstadir versus $7,020 in Hafnarfjordur.

Living in Egilsstadir costs roughly 84% less than in Hafnarfjordur, driven mainly by Eating Out.

The two cities straddle the global median: Egilsstadir is 54% below, Hafnarfjordur is 184% above.

Meal at Budget Restaurant

$29.94 ISK 3,646

Three-Course Dinner for Two, Mid-Range

$138 ISK 16.8K

Fast Food Meal (McDonalds, etc)

$16.77 ISK 2,043

Cappuccino

$6.76 ISK 824

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

$3.40 ISK 414

Water (0.33 liter bottle)

$3.19 ISK 389

Local Beer (0.5 liter draught)

$14.25 ISK 1,735

Imported Beer (0.33 liter bottle)

$12.40 ISK 1,510

Milk (1 liter)

$1.75 ISK 213

$1.71 ISK 209

2.34%

White Bread (500g)

$2.89 ISK 352

$4.27 ISK 521

-32.32%

Rice (white) (1kg)

$2.38 ISK 290

$3.68 ISK 448

-35.33%

Eggs

$5.98 ISK 728

$7.36 ISK 896

-18.75%

Local Cheese (1kg)

$21.61 ISK 2,633

$21.02 ISK 2,560

2.81%

Chicken Fillets (1kg)

$32.13 ISK 3,914

$25.05 ISK 3,051

28.26%

Beef Round Steak (1kg)

$44.62 ISK 5,434

$42.64 ISK 5,193

4.64%

Apples (1kg)

$2.64 ISK 322

$3.36 ISK 410

-21.43%

Banana (1kg)

$2.53 ISK 308

$2.49 ISK 303

1.61%

Oranges (1kg)

$2.49 ISK 303

$3.21 ISK 391

-22.43%

Tomato (1kg)

$3.90 ISK 475

$6.43 ISK 783

-39.35%

Potato (1kg)

$4.34 ISK 528

$3.98 ISK 484

9.05%

Onion (1kg)

$2.16 ISK 263

$1.65 ISK 201

30.91%

Lettuce (1 head)

$2.13 ISK 259

$3.79 ISK 461

-43.80%

Water (1.5 liter bottle)

$2.25 ISK 274

$1.82 ISK 221

23.63%

Cigarettes 20 Pack (Marlboro, Camel)

$14.15 ISK 1,724

Wine (Bottle)

$22.18 ISK 2,702

$23.99 ISK 2,922

-7.54%

Local Beer (0.5 liter bottle)

$3.93 ISK 478

$3.86 ISK 471

1.81%

Imported Beer (0.33 liter bottle)

$3.52 ISK 428

$3.45 ISK 421

2.03%

One-way Ticket (Public Transport)

$5.33 ISK 649

Public Transport Monthly Pass (Regular Price)

$85.0 ISK 10.4K

Taxi Start (Normal Tariff)

$6.24 ISK 760

$6.72 ISK 818

-7.14%

Taxi (Normal Tariff) (1km)

$2.80 ISK 341

Taxi 1hour Waiting (Normal Tariff)

$73.9 ISK 8,997

Gasoline (1 liter)

$2.46 ISK 300

$1.93 ISK 235

27.46%

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

$50.3K ISK 6.1M

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

$53.7K ISK 6.5M

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

$68.8 ISK 8,382

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

$33.41 ISK 4,070

Internet (50+ Mbps, Unlimited Data)

$84.7 ISK 10.3K

Gym Membership (Monthly)

$66.2 ISK 8,067

Cinema Ticket

$16.76 ISK 2,042

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

$1,190 ISK 145.0K

International Primary School, 1 Child (Yearly)

$31.5K ISK 3.8M

Jeans (Levis 501 Or Similar)

$124 ISK 15.1K

Summer Dress (H&M, Zara, etc)

$66.9 ISK 8,152

Sport Shoes (Adidas, Nike)

$122 ISK 14.8K

Men's Leather Business Shoes

$254 ISK 31.0K

1-bedroom Apartment, City Center (Monthly)

$2,445 ISK 297.8K

1-bedroom Apartment, Outside City Center (Monthly)

$2,055 ISK 250.4K

3-bedroom Apartment, City Center (Monthly)

$3,353 ISK 408.4K

3-bedroom Apartment, Outside City Center (Monthly)

$2,683 ISK 326.7K

Buy Apartment in City Center (m2)

$7,113 ISK 866.4K

Buy Apartment Outside City Center (m2)

$7,146 ISK 870.4K

Average Monthly Net Salary (After Tax)

$4,674 ISK 569.3K

20-Year Fixed Mortgage Interest Rate (Annual %)

8.88

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

Last update for Egilsstadir: September 13, 2026

Last update for Hafnarfjordur: September 13, 2026

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

Egilsstadir vs Hafnarfjordur: Cost of Living - Frequently Asked Questions

Egilsstadir is cheaper overall, especially in Groceries & Markets, Getting Around, Eating Out, Monthly Utilities & Internet, Clothing & Footwear. The 514% gap adds up to real monthly savings that compound significantly over time.

You'd need roughly $948 in Egilsstadir and $5,824 in Hafnarfjordur 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.

Supermarket bills run roughly 0% higher in Hafnarfjordur. For households that cook at home regularly, that difference adds up over a month.

All in, you'll spend $632 per month in Egilsstadir versus $3,883 in Hafnarfjordur – a 514% gap that adds up to real savings over time for anyone picking the cheaper option.

At $632 in Egilsstadir versus $3,883 in Hafnarfjordur, a $1,500 budget is realistic in Egilsstadir but tight or insufficient in Hafnarfjordur. 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, Egilsstadir and Hafnarfjordur 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 514% less than in Hafnarfjordur. Beyond cost, consider language, visa policies, and how big the international community is in each city.