Last update: Oct 2026

Cost of Living Comparison Between Egilsstadir and Keflavik

For one person, living is cheaper in Egilsstadir: $622 a month against $3,018 in Keflavik, rent and utilities included – about $28,800 less a year. Rent and utilities account for most of the difference.

145

Cost of Living Index in Keflavik
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Keflavik Living Index

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Egilsstadir

🇮🇸 Iceland

$622

/mo nomad

Keflavik

🇮🇸 Iceland

$3,018

/mo nomad

Monthly Cost of Living

How much you'll spend in Egilsstadir and in Keflavik

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

Monthly costs for one person with rent: $622 in Egilsstadir versus $3,018 in Keflavik.

Egilsstadir $622
Keflavik $3,018

Estimated couple costs with rent: $1,036 in Egilsstadir versus $4,529 in Keflavik.

Egilsstadir $1,036
Keflavik $4,529

Monthly costs for a family of three with rent: $1,449 in Egilsstadir versus $6,041 in Keflavik.

Egilsstadir $1,449
Keflavik $6,041

Living in Egilsstadir costs roughly 79% less than in Keflavik, and outside of rent the biggest gap is in transport.

The two cities straddle the global median: Egilsstadir is 54% below, Keflavik is 122% above.

Meal at Budget Restaurant

$24.11 ISK 2,927

Three-Course Dinner for Two, Mid-Range

$121 ISK 14.7K

Fast Food Meal (McDonalds, etc)

$20.25 ISK 2,458

Cappuccino

$4.22 ISK 513

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

$3.36 ISK 408

Water (0.33 liter bottle)

$3.03 ISK 368

Local Beer (0.5 liter draught)

$8.25 ISK 1,001

Imported Beer (0.33 liter bottle)

$8.15 ISK 990

Milk (1 liter)

$1.66 ISK 202

$2.11 ISK 256

-21.33%

White Bread (500g)

$2.80 ISK 340

$4.21 ISK 512

-33.49%

Rice (white) (1kg)

$2.47 ISK 299

$2.50 ISK 303

-1.20%

Eggs

$5.65 ISK 686

$6.55 ISK 796

-13.74%

Local Cheese (1kg)

$22.02 ISK 2,673

$19.70 ISK 2,391

11.78%

Chicken Fillets (1kg)

$32.21 ISK 3,911

$23.90 ISK 2,902

34.77%

Beef Round Steak (1kg)

$43.35 ISK 5,263

$41.71 ISK 5,063

3.93%

Apples (1kg)

$2.74 ISK 333

$2.44 ISK 296

12.30%

Banana (1kg)

$2.40 ISK 292

$2.41 ISK 292

-0.41%

Oranges (1kg)

$2.53 ISK 307

$2.50 ISK 303

1.20%

Tomato (1kg)

$3.87 ISK 470

$4.16 ISK 504

-6.97%

Potato (1kg)

$4.47 ISK 542

$3.12 ISK 378

43.27%

Onion (1kg)

$2.12 ISK 258

$1.64 ISK 199

29.27%

Lettuce (1 head)

$2.14 ISK 260

$3.62 ISK 440

-40.88%

Water (1.5 liter bottle)

$2.23 ISK 270

$1.81 ISK 219

23.20%

Cigarettes 20 Pack (Marlboro, Camel)

$13.85 ISK 1,681

Wine (Bottle)

$22.37 ISK 2,716

$16.32 ISK 1,981

37.07%

Local Beer (0.5 liter bottle)

$3.95 ISK 479

$3.73 ISK 453

5.90%

Imported Beer (0.33 liter bottle)

$3.48 ISK 423

$2.81 ISK 341

23.84%

One-way Ticket (Public Transport)

$3.68 ISK 447

Public Transport Monthly Pass (Regular Price)

$77.2 ISK 9,366

Taxi Start (Normal Tariff)

$6.21 ISK 754

$6.35 ISK 771

-2.20%

Taxi (Normal Tariff) (1km)

$2.59 ISK 314

Taxi 1hour Waiting (Normal Tariff)

$80.2 ISK 9,738

Gasoline (1 liter)

$2.40 ISK 292

$2.00 ISK 243

20.00%

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

$68.2K ISK 8.3M

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

$55.2K ISK 6.7M

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

$95.8 ISK 11.6K

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

$32.13 ISK 3,900

Internet (50+ Mbps, Unlimited Data)

$84.5 ISK 10.3K

Gym Membership (Monthly)

$76.7 ISK 9,316

Cinema Ticket

$19.58 ISK 2,377

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

$406 ISK 49.3K

International Primary School, 1 Child (Yearly)

$26.4K ISK 3.2M

Jeans (Levis 501 Or Similar)

$148 ISK 18.0K

Summer Dress (H&M, Zara, etc)

$66.8 ISK 8,104

Sport Shoes (Adidas, Nike)

$184 ISK 22.4K

Men's Leather Business Shoes

$190 ISK 23.1K

1-bedroom Apartment, City Center (Monthly)

$1,862 ISK 226.0K

1-bedroom Apartment, Outside City Center (Monthly)

$1,359 ISK 165.0K

3-bedroom Apartment, City Center (Monthly)

$2,527 ISK 306.7K

3-bedroom Apartment, Outside City Center (Monthly)

$2,040 ISK 247.7K

Average Monthly Net Salary (After Tax)

$3,819 ISK 463.6K

20-Year Fixed Mortgage Interest Rate (Annual %)

8.81

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

Last update for Egilsstadir: October 26, 2026

Last update for Keflavik: October 26, 2026

Monthly budget structure

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

Accommodation & Living

Egilsstadir

–

Keflavik

$1.4K 45%

Groceries & Markets

Egilsstadir

–

Keflavik

$566 18.8%

Eating Out

Egilsstadir

–

Keflavik

$387 12.8%

Clothing & Footwear

Egilsstadir

–

Keflavik

$265 8.8%

Monthly Utilities & Internet

Egilsstadir

–

Keflavik

$212 7%

Sport & Entertainment

Egilsstadir

–

Keflavik

$116 3.8%

Getting Around

Egilsstadir

–

Keflavik

$111 3.7%

Good to know

🇮🇸 Egilsstadir

🇮🇸 Keflavik

🕒 Local time

03:21 3:21 AM

Same time as Egilsstadir

🌤 Weather

👥 Population

2,500

15,000

💱 Currency

Icelandic Króna ISK kr

📈 Exchange rate

1,000 ISK = 8.24 USD

1,000 ISK = 7.38 EUR

1,000 ISK = 8.24 USD

1,000 ISK = 7.38 EUR

Exchange rates and currency converter

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Egilsstadir Keflavik 410 km

From you

Egilsstadir
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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

Egilsstadir vs Keflavik: Cost of Living - Frequently Asked Questions

Egilsstadir is about 79% cheaper overall, especially in transport. That difference adds up to real monthly savings that compound significantly over time.

You’d need roughly $934 in Egilsstadir and $4,526 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 $622 per month in Egilsstadir versus $3,018 in Keflavik – Egilsstadir is about 79% cheaper, which adds up to real savings over time.

At $622 in Egilsstadir versus $3,018 in Keflavik, a $1,000 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 both considered safe, so it’s unlikely to be the deciding factor between them.