Last update: Oct 2026

Cost of Living Comparison Between Egilsstadir and Selfoss

For one person, living is cheaper in Egilsstadir: $620 a month against $3,423 in Selfoss, rent and utilities included – about $33,600 less a year. Rent and utilities account for most of the difference.

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Egilsstadir

🇮🇸 Iceland

$620

/mo nomad

Selfoss

🇮🇸 Iceland

$3,423

/mo nomad

Monthly Cost of Living

How much you'll spend in Egilsstadir and in Selfoss

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

Monthly costs for one person with rent: $620 in Egilsstadir versus $3,423 in Selfoss.

Egilsstadir $620
Selfoss $3,423

Estimated couple costs with rent: $1,032 in Egilsstadir versus $2,440 in Selfoss.

Egilsstadir $1,032
Selfoss $2,440

Monthly costs for a family of three with rent: $1,444 in Egilsstadir versus $1,458 in Selfoss.

Egilsstadir $1,444
Selfoss $1,458

Living in Egilsstadir costs roughly 82% less than in Selfoss, and outside of rent the biggest gap is in eating out.

The two cities straddle the global median: Egilsstadir is 54% below, Selfoss is 154% above.

Fast Food Meal (McDonalds, etc)

$20.48 ISK 2,484

Local Beer (0.5 liter draught)

$12.21 ISK 1,481

Milk (1 liter)

$1.72 ISK 209

$1.76 ISK 213

-2.27%

White Bread (500g)

$2.92 ISK 354

$7.60 ISK 922

-61.58%

Rice (white) (1kg)

$2.45 ISK 297

$4.49 ISK 544

-45.43%

Eggs

$5.67 ISK 688

$6.43 ISK 780

-11.82%

Local Cheese (1kg)

$21.51 ISK 2,609

$17.36 ISK 2,105

23.91%

Chicken Fillets (1kg)

$32.22 ISK 3,908

$21.64 ISK 2,624

48.89%

Beef Round Steak (1kg)

$43.27 ISK 5,249

$33.84 ISK 4,105

27.87%

Apples (1kg)

$2.64 ISK 320

$2.70 ISK 327

-2.22%

Banana (1kg)

$2.49 ISK 302

$2.60 ISK 316

-4.23%

Oranges (1kg)

$2.44 ISK 296

$2.64 ISK 320

-7.58%

Tomato (1kg)

$3.85 ISK 467

$7.07 ISK 857

-45.54%

Potato (1kg)

$4.54 ISK 551

$3.27 ISK 396

38.84%

Onion (1kg)

$2.05 ISK 248

$2.18 ISK 265

-5.96%

Lettuce (1 head)

$2.13 ISK 258

$3.58 ISK 435

-40.50%

Water (1.5 liter bottle)

$2.18 ISK 264

$1.37 ISK 166

59.12%

Cigarettes 20 Pack (Marlboro, Camel)

$15.69 ISK 1,903

Wine (Bottle)

$22.05 ISK 2,674

Local Beer (0.5 liter bottle)

$3.75 ISK 455

Imported Beer (0.33 liter bottle)

$3.47 ISK 420

$1.16 ISK 141

199.14%

Taxi Start (Normal Tariff)

$5.99 ISK 727

Gasoline (1 liter)

$2.34 ISK 284

1-bedroom Apartment, Outside City Center (Monthly)

$2,779 ISK 337.1K

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

Last update for Egilsstadir: October 12, 2026

Last update for Selfoss: October 11, 2026

Good to know

🇮🇸 Egilsstadir

🇮🇸 Selfoss

🕒 Local time

21:56 9:56 PM

Same time as Egilsstadir

🌤 Weather

👥 Population

2,500

9,000

💱 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 Selfoss 350 km

From you

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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 Selfoss: Cost of Living - Frequently Asked Questions

Egilsstadir is cheaper overall, especially in eating out. The 452% gap adds up to real monthly savings that compound significantly over time.

You'd need roughly $929 in Egilsstadir and $5,135 in Selfoss 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 Selfoss pay roughly 18% less for everyday groceries. It's an unusual reversal that partly offsets higher costs elsewhere.

All in, you'll spend $620 per month in Egilsstadir versus $3,423 in Selfoss – a 452% gap that adds up to real savings over time for anyone picking the cheaper option.

Either city works on $1,000 a month, though Egilsstadir gives you more room to save. At this income level, the choice is more about lifestyle than financial pressure.

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 Selfoss 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 452% less than in Selfoss. Beyond cost, consider language, visa policies, and how big the international community is in each city.