Cost of Living Comparison Between Egilsstadir and Reykjavik Cost of Living Comparison Between Egilsstadir and Reykjavik

Monthly Cost of Living

Monthly costs for one person with rent: $620 in Egilsstadir versus $4,048 in Reykjavik.

Estimated couple costs with rent: $1,026 in Egilsstadir versus $5,736 in Reykjavik.

Monthly costs for a family of three with rent: $1,432 in Egilsstadir versus $7,424 in Reykjavik.

Living in Egilsstadir costs roughly 85% less than in Reykjavik, driven mainly by Eating Out.

The two cities straddle the global median: Egilsstadir is 55% below, Reykjavik is 195% above.

Meal at Budget Restaurant

$30.26 ISK 3,667

Three-Course Dinner for Two, Mid-Range

$135 ISK 16.4K

Fast Food Meal (McDonalds, etc)

$26.29 ISK 3,186

Cappuccino

$6.95 ISK 842

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

$3.30 ISK 400

Water (0.33 liter bottle)

$3.35 ISK 406

Local Beer (0.5 liter draught)

$14.06 ISK 1,704

Imported Beer (0.33 liter bottle)

$12.60 ISK 1,527

Milk (1 liter)

$1.74 ISK 210

$2.10 ISK 254

-17.14%

White Bread (500g)

$2.88 ISK 349

$4.47 ISK 542

-35.57%

Rice (white) (1kg)

$2.42 ISK 294

$3.59 ISK 436

-32.59%

Eggs

$5.82 ISK 705

$7.13 ISK 865

-18.37%

Local Cheese (1kg)

$22.22 ISK 2,693

$21.34 ISK 2,586

4.12%

Chicken Fillets (1kg)

$32.06 ISK 3,885

$24.37 ISK 2,953

31.56%

Beef Round Steak (1kg)

$44.15 ISK 5,351

$42.10 ISK 5,102

4.87%

Apples (1kg)

$2.76 ISK 335

$3.35 ISK 406

-17.61%

Banana (1kg)

$2.54 ISK 307

$2.82 ISK 341

-9.93%

Oranges (1kg)

$2.52 ISK 306

$3.21 ISK 389

-21.50%

Tomato (1kg)

$3.71 ISK 449

$6.24 ISK 756

-40.54%

Potato (1kg)

$4.41 ISK 534

$4.01 ISK 487

9.98%

Onion (1kg)

$2.18 ISK 264

$1.70 ISK 206

28.24%

Lettuce (1 head)

$2.20 ISK 267

$3.83 ISK 464

-42.56%

Water (1.5 liter bottle)

$2.22 ISK 269

$1.78 ISK 216

24.72%

Cigarettes 20 Pack (Marlboro, Camel)

$13.75 ISK 1,666

Wine (Bottle)

$21.84 ISK 2,646

$24.28 ISK 2,942

-10.05%

Local Beer (0.5 liter bottle)

$3.91 ISK 473

$3.79 ISK 460

3.17%

Imported Beer (0.33 liter bottle)

$3.53 ISK 428

$3.45 ISK 418

2.32%

One-way Ticket (Public Transport)

$5.81 ISK 704

Public Transport Monthly Pass (Regular Price)

$92.7 ISK 11.2K

Taxi Start (Normal Tariff)

$6.02 ISK 730

$6.84 ISK 829

-11.99%

Taxi (Normal Tariff) (1km)

$2.90 ISK 352

Taxi 1hour Waiting (Normal Tariff)

$74.5 ISK 9,033

Gasoline (1 liter)

$2.32 ISK 282

$2.00 ISK 242

16.00%

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

$50.6K ISK 6.1M

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

$53.4K ISK 6.5M

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

$89.6 ISK 10.9K

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

$33.11 ISK 4,013

Internet (50+ Mbps, Unlimited Data)

$85.1 ISK 10.3K

Gym Membership (Monthly)

$99.0 ISK 12.0K

Tennis Court (1 Hour on Weekend)

$50.3 ISK 6,100

Cinema Ticket

$19.43 ISK 2,354

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

$1,173 ISK 142.1K

International Primary School, 1 Child (Yearly)

$31.2K ISK 3.8M

Jeans (Levis 501 Or Similar)

$161 ISK 19.5K

Summer Dress (H&M, Zara, etc)

$65.1 ISK 7,890

Sport Shoes (Adidas, Nike)

$183 ISK 22.2K

Men's Leather Business Shoes

$249 ISK 30.2K

1-bedroom Apartment, City Center (Monthly)

$2,506 ISK 303.7K

1-bedroom Apartment, Outside City Center (Monthly)

$2,092 ISK 253.5K

3-bedroom Apartment, City Center (Monthly)

$3,408 ISK 413.0K

3-bedroom Apartment, Outside City Center (Monthly)

$2,752 ISK 333.5K

Buy Apartment in City Center (m2)

$7,972 ISK 966.1K

Buy Apartment Outside City Center (m2)

$6,354 ISK 770.0K

Average Monthly Net Salary (After Tax)

$4,606 ISK 558.1K

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: August 29, 2026

Last update for Reykjavik: August 29, 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 Reykjavik: Cost of Living - Frequently Asked Questions

Egilsstadir is cheaper overall, especially in Groceries & Markets, Getting Around, Eating Out, Monthly Utilities & Internet, Clothing & Footwear. The 553% gap adds up to real monthly savings that compound significantly over time.

You'd need roughly $930 in Egilsstadir and $6,073 in Reykjavik 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 1% higher in Reykjavik. For households that cook at home regularly, that difference adds up over a month.

All in, you'll spend $620 per month in Egilsstadir versus $4,048 in Reykjavik – a 553% gap that adds up to real savings over time for anyone picking the cheaper option.

At $620 in Egilsstadir versus $4,048 in Reykjavik, a $1,500 budget is realistic in Egilsstadir but tight or insufficient in Reykjavik. The gap between the two cities makes Egilsstadir the clear choice for anyone on this budget.

For families, Egilsstadir is more practical. Housing and childcare are both notably cheaper than in Reykjavik, and the savings on those two alone free up budget for education, activities, and family trips.

Safety-wise, Egilsstadir and Reykjavik 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 553% less than in Reykjavik. Beyond cost, consider language, visa policies, and how big the international community is in each city.