Cost of Living Comparison Between Egilsstadir and Keflavik Cost of Living Comparison Between Egilsstadir and Keflavik

Monthly Cost of Living

Monthly costs for one person with rent: $596 in Egilsstadir versus $2,873 in Keflavik.

Estimated couple costs with rent: $992 in Egilsstadir versus $4,433 in Keflavik.

Monthly costs for a family of three with rent: $1,387 in Egilsstadir versus $5,992 in Keflavik.

Living in Egilsstadir costs roughly 79% less than in Keflavik, driven mainly by Eating Out.

The two cities straddle the global median: Egilsstadir is 56% below, Keflavik is 115% above.

Meal at Budget Restaurant

$23.97 ISK 2,935

Three-Course Dinner for Two, Mid-Range

$147 ISK 18.0K

Fast Food Meal (McDonalds, etc)

$19.75 ISK 2,418

Cappuccino

$4.11 ISK 503

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

$3.12 ISK 382

Water (0.33 liter bottle)

$2.50 ISK 307

Local Beer (0.5 liter draught)

$8.16 ISK 999

Imported Beer (0.33 liter bottle)

$8.16 ISK 999

Milk (1 liter)

$1.62 ISK 199

$1.96 ISK 240

-17.35%

White Bread (500g)

$2.86 ISK 350

$4.14 ISK 507

-30.92%

Rice (white) (1kg)

$2.44 ISK 299

$2.48 ISK 303

-1.61%

Eggs

$5.64 ISK 691

$6.35 ISK 777

-11.18%

Local Cheese (1kg)

$21.58 ISK 2,642

$18.44 ISK 2,258

17.03%

Chicken Fillets (1kg)

$31.98 ISK 3,916

$23.91 ISK 2,928

33.75%

Beef Round Steak (1kg)

$42.58 ISK 5,214

$42.20 ISK 5,166

0.90%

Apples (1kg)

$2.69 ISK 330

$2.35 ISK 287

14.47%

Banana (1kg)

$2.40 ISK 293

$2.48 ISK 304

-3.23%

Oranges (1kg)

$2.38 ISK 292

$2.43 ISK 298

-2.06%

Tomato (1kg)

$3.72 ISK 456

$3.95 ISK 483

-5.82%

Potato (1kg)

$4.29 ISK 526

$3.21 ISK 393

33.64%

Onion (1kg)

$2.12 ISK 259

$2.03 ISK 248

4.43%

Lettuce (1 head)

$2.18 ISK 267

$3.08 ISK 377

-29.22%

Water (1.5 liter bottle)

$2.15 ISK 264

$1.94 ISK 238

10.82%

Cigarettes 20 Pack (Marlboro, Camel)

$13.45 ISK 1,646

Wine (Bottle)

$21.73 ISK 2,661

$16.12 ISK 1,974

34.80%

Local Beer (0.5 liter bottle)

$3.87 ISK 474

$3.71 ISK 454

4.31%

Imported Beer (0.33 liter bottle)

$3.29 ISK 402

$2.80 ISK 343

17.50%

One-way Ticket (Public Transport)

$3.52 ISK 432

Public Transport Monthly Pass (Regular Price)

$74.8 ISK 9,164

Taxi Start (Normal Tariff)

$6.24 ISK 765

Taxi (Normal Tariff) (1km)

$2.30 ISK 281

Taxi 1hour Waiting (Normal Tariff)

$85.2 ISK 10.4K

Gasoline (1 liter)

$2.63 ISK 322

$2.56 ISK 313

2.73%

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

$47.2K ISK 5.8M

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

$52.6K ISK 6.4M

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

$87.5 ISK 10.7K

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

$27.94 ISK 3,421

Internet (50+ Mbps, Unlimited Data)

$86.2 ISK 10.6K

Cinema Ticket

$17.88 ISK 2,190

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

$319 ISK 39.1K

International Primary School, 1 Child (Yearly)

$30.3K ISK 3.7M

Jeans (Levis 501 Or Similar)

$137 ISK 16.7K

Summer Dress (H&M, Zara, etc)

$61.4 ISK 7,513

Sport Shoes (Adidas, Nike)

$179 ISK 21.9K

Men's Leather Business Shoes

$187 ISK 22.9K

1-bedroom Apartment, City Center (Monthly)

$1,826 ISK 223.6K

1-bedroom Apartment, Outside City Center (Monthly)

$1,331 ISK 163.0K

3-bedroom Apartment, City Center (Monthly)

$2,481 ISK 303.8K

3-bedroom Apartment, Outside City Center (Monthly)

$2,009 ISK 246.0K

Average Monthly Net Salary (After Tax)

$3,701 ISK 453.2K

20-Year Fixed Mortgage Interest Rate (Annual %)

9.63

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

Last update for Egilsstadir: April 28, 2026

Last update for Keflavik: April 26, 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 Keflavik: Cost of Living - Frequently Asked Questions

Egilsstadir is cheaper overall, especially in Eating Out, Getting Around, Monthly Utilities & Internet, Clothing & Footwear, Sport & Entertainment. The 382% gap adds up to real monthly savings that compound significantly over time.

You'd need roughly $893 in Egilsstadir and $4,310 in Keflavik 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 Keflavik pay roughly 8% less for everyday groceries. It's an unusual reversal that partly offsets higher costs elsewhere.

All in, you'll spend $596 per month in Egilsstadir versus $2,873 in Keflavik – a 382% gap that adds up to real savings over time for anyone picking the cheaper option.

At $596 in Egilsstadir versus $2,873 in Keflavik, a $1,500 budget is realistic in Egilsstadir but tight or insufficient in Keflavik. 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 Keflavik 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 382% less than in Keflavik. Beyond cost, consider language, visa policies, and how big the international community is in each city.