Last update: Oct 2026

Cost of Living Comparison Between Egilsstadir and Reykjavik

For one person, living is cheaper in Egilsstadir: $620 a month against $4,002 in Reykjavik, rent and utilities included – about $40,600 less a year. Rent and utilities account for most of the difference.

193

Cost of Living Index in Reykjavik
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Reykjavik Living Index

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Egilsstadir

🇮🇸 Iceland

$620

/mo nomad

Reykjavik

🇮🇸 Iceland

$4,002

/mo nomad

Monthly Cost of Living

How much you'll spend in Egilsstadir and in Reykjavik

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 Reykjavik actually costs, broken down by who's living it.

Monthly costs for one person with rent: $620 in Egilsstadir versus $4,002 in Reykjavik.

Egilsstadir $620
Reykjavik $4,002

Estimated couple costs with rent: $1,032 in Egilsstadir versus $5,705 in Reykjavik.

Egilsstadir $1,032
Reykjavik $5,705

Monthly costs for a family of three with rent: $1,444 in Egilsstadir versus $7,407 in Reykjavik.

Egilsstadir $1,444
Reykjavik $7,407

Living in Egilsstadir costs roughly 85% less than in Reykjavik, and outside of rent the biggest gap is in eating out.

The two cities straddle the global median: Egilsstadir is 54% below, Reykjavik is 196% above.

Meal at Budget Restaurant

$31.56 ISK 3,828

Three-Course Dinner for Two, Mid-Range

$122 ISK 14.8K

Fast Food Meal (McDonalds, etc)

$26.86 ISK 3,258

Cappuccino

$6.81 ISK 827

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

$3.39 ISK 411

Water (0.33 liter bottle)

$3.20 ISK 388

Local Beer (0.5 liter draught)

$14.14 ISK 1,715

Imported Beer (0.33 liter bottle)

$12.31 ISK 1,493

Milk (1 liter)

$1.72 ISK 209

$2.10 ISK 255

-18.10%

White Bread (500g)

$2.92 ISK 354

$4.19 ISK 508

-30.31%

Rice (white) (1kg)

$2.45 ISK 297

$3.72 ISK 451

-34.14%

Eggs

$5.67 ISK 688

$7.05 ISK 856

-19.57%

Local Cheese (1kg)

$21.51 ISK 2,609

$21.56 ISK 2,615

-0.23%

Chicken Fillets (1kg)

$32.22 ISK 3,908

$24.68 ISK 2,993

30.55%

Beef Round Steak (1kg)

$43.27 ISK 5,249

$42.19 ISK 5,117

2.56%

Apples (1kg)

$2.64 ISK 320

$3.23 ISK 392

-18.27%

Banana (1kg)

$2.49 ISK 302

$2.73 ISK 331

-8.79%

Oranges (1kg)

$2.44 ISK 296

$3.17 ISK 384

-23.03%

Tomato (1kg)

$3.85 ISK 467

$6.61 ISK 802

-41.75%

Potato (1kg)

$4.54 ISK 551

$3.85 ISK 467

17.92%

Onion (1kg)

$2.05 ISK 248

$1.66 ISK 201

23.49%

Lettuce (1 head)

$2.13 ISK 258

$3.80 ISK 461

-43.95%

Water (1.5 liter bottle)

$2.18 ISK 264

$1.75 ISK 212

24.57%

Cigarettes 20 Pack (Marlboro, Camel)

$13.71 ISK 1,662

Wine (Bottle)

$22.05 ISK 2,674

$24.21 ISK 2,937

-8.92%

Local Beer (0.5 liter bottle)

$3.75 ISK 455

$3.53 ISK 428

6.23%

Imported Beer (0.33 liter bottle)

$3.47 ISK 420

$3.32 ISK 402

4.52%

One-way Ticket (Public Transport)

$5.75 ISK 697

Public Transport Monthly Pass (Regular Price)

$93.8 ISK 11.4K

Taxi Start (Normal Tariff)

$5.99 ISK 727

$6.61 ISK 802

-9.38%

Taxi (Normal Tariff) (1km)

$2.90 ISK 352

Taxi 1hour Waiting (Normal Tariff)

$79.2 ISK 9,602

Gasoline (1 liter)

$2.34 ISK 284

$2.09 ISK 253

11.96%

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

$51.0K ISK 6.2M

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

$53.3K ISK 6.5M

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

$95.3 ISK 11.6K

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

$32.35 ISK 3,923

Internet (50+ Mbps, Unlimited Data)

$87.5 ISK 10.6K

Gym Membership (Monthly)

$102 ISK 12.4K

Tennis Court (1 Hour on Weekend)

$50.1 ISK 6,074

Cinema Ticket

$19.88 ISK 2,412

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

$1,194 ISK 144.8K

International Primary School, 1 Child (Yearly)

$25.4K ISK 3.1M

Jeans (Levis 501 Or Similar)

$149 ISK 18.1K

Summer Dress (H&M, Zara, etc)

$66.6 ISK 8,080

Sport Shoes (Adidas, Nike)

$180 ISK 21.8K

Men's Leather Business Shoes

$253 ISK 30.7K

1-bedroom Apartment, City Center (Monthly)

$2,549 ISK 309.2K

1-bedroom Apartment, Outside City Center (Monthly)

$2,056 ISK 249.4K

3-bedroom Apartment, City Center (Monthly)

$3,498 ISK 424.2K

3-bedroom Apartment, Outside City Center (Monthly)

$2,764 ISK 335.2K

Buy Apartment in City Center (m2)

$8,120 ISK 984.9K

Buy Apartment Outside City Center (m2)

$6,254 ISK 758.5K

Average Monthly Net Salary (After Tax)

$4,573 ISK 554.6K

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 12, 2026

Last update for Reykjavik: October 12, 2026

Monthly budget structure

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

Accommodation & Living

Egilsstadir

–

Reykjavik

$2.1K 51.4%

Groceries & Markets

Egilsstadir

–

Reykjavik

$623 15.6%

Eating Out

Egilsstadir

–

Reykjavik

$536 13.4%

Clothing & Footwear

Egilsstadir

–

Reykjavik

$292 7.3%

Monthly Utilities & Internet

Egilsstadir

–

Reykjavik

$215 5.4%

Sport & Entertainment

Egilsstadir

–

Reykjavik

$142 3.5%

Getting Around

Egilsstadir

–

Reykjavik

$138 3.5%

Good to know

🇮🇸 Egilsstadir

🇮🇸 Reykjavik

🕒 Local time

20:30 8:30 PM

Same time as Egilsstadir

🌤 Weather

👥 Population

2,500

136,894 Capital

💱 Currency

Icelandic Króna ISK kr

📈 Exchange rate

1,000 ISK = 8.24 USD

1,000 ISK = 7.33 EUR

1,000 ISK = 8.24 USD

1,000 ISK = 7.33 EUR

Exchange rates and currency converter

On the map

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Egilsstadir Reykjavik 380 km

From you

Egilsstadir
Reykjavik

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 Reykjavik: Cost of Living - Frequently Asked Questions

Egilsstadir is cheaper overall, especially in groceries, transport, and eating out. The 546% gap adds up to real monthly savings that compound significantly over time.

You'd need roughly $929 in Egilsstadir and $6,003 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 $4,002 in Reykjavik – a 546% gap that adds up to real savings over time for anyone picking the cheaper option.

At $620 in Egilsstadir versus $4,002 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 546% less than in Reykjavik. Beyond cost, consider language, visa policies, and how big the international community is in each city.