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: $632 in Egilsstadir versus $3,069 in Keflavik.

Estimated couple costs with rent: $1,060 in Egilsstadir versus $4,595 in Keflavik.

Monthly costs for a family of three with rent: $1,488 in Egilsstadir versus $6,122 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 54% below, Keflavik is 124% above.

Meal at Budget Restaurant

$24.41 ISK 2,974

Three-Course Dinner for Two, Mid-Range

$137 ISK 16.7K

Fast Food Meal (McDonalds, etc)

$20.50 ISK 2,497

Cappuccino

$4.01 ISK 489

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

$3.22 ISK 392

Water (0.33 liter bottle)

$3.35 ISK 408

Local Beer (0.5 liter draught)

$8.49 ISK 1,035

Imported Beer (0.33 liter bottle)

$8.34 ISK 1,016

Milk (1 liter)

$1.75 ISK 213

$2.02 ISK 246

-13.37%

White Bread (500g)

$2.89 ISK 352

$4.32 ISK 526

-33.10%

Rice (white) (1kg)

$2.38 ISK 290

$2.40 ISK 292

-0.83%

Eggs

$5.98 ISK 728

$6.45 ISK 785

-7.29%

Local Cheese (1kg)

$21.61 ISK 2,633

$19.18 ISK 2,336

12.67%

Chicken Fillets (1kg)

$32.13 ISK 3,914

$23.88 ISK 2,909

34.55%

Beef Round Steak (1kg)

$44.62 ISK 5,434

$42.74 ISK 5,206

4.40%

Apples (1kg)

$2.64 ISK 322

$2.44 ISK 297

8.20%

Banana (1kg)

$2.53 ISK 308

$2.41 ISK 293

4.98%

Oranges (1kg)

$2.49 ISK 303

$2.44 ISK 297

2.05%

Tomato (1kg)

$3.90 ISK 475

$4.23 ISK 515

-7.80%

Potato (1kg)

$4.34 ISK 528

$3.18 ISK 387

36.48%

Onion (1kg)

$2.16 ISK 263

$1.67 ISK 203

29.34%

Lettuce (1 head)

$2.13 ISK 259

$3.84 ISK 468

-44.53%

Water (1.5 liter bottle)

$2.25 ISK 274

$1.84 ISK 224

22.28%

Cigarettes 20 Pack (Marlboro, Camel)

$14.27 ISK 1,738

Wine (Bottle)

$22.18 ISK 2,702

$16.28 ISK 1,983

36.24%

Local Beer (0.5 liter bottle)

$3.93 ISK 478

$3.83 ISK 467

2.61%

Imported Beer (0.33 liter bottle)

$3.52 ISK 428

$2.83 ISK 345

24.38%

One-way Ticket (Public Transport)

$3.60 ISK 439

Public Transport Monthly Pass (Regular Price)

$77.8 ISK 9,470

Taxi Start (Normal Tariff)

$6.24 ISK 760

$6.53 ISK 796

-4.44%

Taxi (Normal Tariff) (1km)

$2.71 ISK 330

Taxi 1hour Waiting (Normal Tariff)

$75.5 ISK 9,196

Gasoline (1 liter)

$2.46 ISK 300

$1.92 ISK 234

28.13%

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

$51.7K ISK 6.3M

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

$54.7K ISK 6.7M

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)

$33.19 ISK 4,043

Internet (50+ Mbps, Unlimited Data)

$84.8 ISK 10.3K

Gym Membership (Monthly)

$79.0 ISK 9,620

Cinema Ticket

$19.65 ISK 2,393

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

$415 ISK 50.5K

International Primary School, 1 Child (Yearly)

$30.8K ISK 3.8M

Jeans (Levis 501 Or Similar)

$158 ISK 19.3K

Summer Dress (H&M, Zara, etc)

$66.0 ISK 8,042

Sport Shoes (Adidas, Nike)

$177 ISK 21.5K

Men's Leather Business Shoes

$191 ISK 23.2K

1-bedroom Apartment, City Center (Monthly)

$1,875 ISK 228.3K

1-bedroom Apartment, Outside City Center (Monthly)

$1,340 ISK 163.2K

3-bedroom Apartment, City Center (Monthly)

$2,501 ISK 304.7K

3-bedroom Apartment, Outside City Center (Monthly)

$2,096 ISK 255.3K

Average Monthly Net Salary (After Tax)

$3,786 ISK 461.1K

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 Keflavik: September 14, 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 Getting Around, Eating Out, Monthly Utilities & Internet, Clothing & Footwear, Sport & Entertainment. The 386% gap adds up to real monthly savings that compound significantly over time.

You'd need roughly $948 in Egilsstadir and $4,603 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 9% less for everyday groceries. It's an unusual reversal that partly offsets higher costs elsewhere.

All in, you'll spend $632 per month in Egilsstadir versus $3,069 in Keflavik – a 386% gap that adds up to real savings over time for anyone picking the cheaper option.

At $632 in Egilsstadir versus $3,069 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 386% less than in Keflavik. Beyond cost, consider language, visa policies, and how big the international community is in each city.