Cost of Living Comparison Between Hafnarfjordur and Egilsstadir Cost of Living Comparison Between Hafnarfjordur and Egilsstadir

Monthly Cost of Living

Monthly costs for one person with rent: $3,883 in Hafnarfjordur versus $632 in Egilsstadir.

Estimated couple costs with rent: $5,451 in Hafnarfjordur versus $1,060 in Egilsstadir.

Monthly costs for a family of three with rent: $7,020 in Hafnarfjordur versus $1,488 in Egilsstadir.

Living in Hafnarfjordur is roughly 514% more expensive than in Egilsstadir, driven mainly by Eating Out.

The two cities straddle the global median: Hafnarfjordur is 184% above, Egilsstadir is 54% below.

Meal at Budget Restaurant

$29.94 ISK 3,646

Three-Course Dinner for Two, Mid-Range

$138 ISK 16.8K

Fast Food Meal (McDonalds, etc)

$16.77 ISK 2,043

Cappuccino

$6.76 ISK 824

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

$3.40 ISK 414

Water (0.33 liter bottle)

$3.19 ISK 389

Local Beer (0.5 liter draught)

$14.25 ISK 1,735

Imported Beer (0.33 liter bottle)

$12.40 ISK 1,510

Milk (1 liter)

$1.71 ISK 209

$1.75 ISK 213

-2.29%

White Bread (500g)

$4.27 ISK 521

$2.89 ISK 352

47.75%

Rice (white) (1kg)

$3.68 ISK 448

$2.38 ISK 290

54.62%

Eggs

$7.36 ISK 896

$5.98 ISK 728

23.08%

Local Cheese (1kg)

$21.02 ISK 2,560

$21.61 ISK 2,633

-2.73%

Chicken Fillets (1kg)

$25.05 ISK 3,051

$32.13 ISK 3,914

-22.04%

Beef Round Steak (1kg)

$42.64 ISK 5,193

$44.62 ISK 5,434

-4.44%

Apples (1kg)

$3.36 ISK 410

$2.64 ISK 322

27.27%

Banana (1kg)

$2.49 ISK 303

$2.53 ISK 308

-1.58%

Oranges (1kg)

$3.21 ISK 391

$2.49 ISK 303

28.92%

Tomato (1kg)

$6.43 ISK 783

$3.90 ISK 475

64.87%

Potato (1kg)

$3.98 ISK 484

$4.34 ISK 528

-8.29%

Onion (1kg)

$1.65 ISK 201

$2.16 ISK 263

-23.61%

Lettuce (1 head)

$3.79 ISK 461

$2.13 ISK 259

77.93%

Water (1.5 liter bottle)

$1.82 ISK 221

$2.25 ISK 274

-19.11%

Cigarettes 20 Pack (Marlboro, Camel)

$14.15 ISK 1,724

Wine (Bottle)

$23.99 ISK 2,922

$22.18 ISK 2,702

8.16%

Local Beer (0.5 liter bottle)

$3.86 ISK 471

$3.93 ISK 478

-1.78%

Imported Beer (0.33 liter bottle)

$3.45 ISK 421

$3.52 ISK 428

-1.99%

One-way Ticket (Public Transport)

$5.33 ISK 649

Public Transport Monthly Pass (Regular Price)

$85.0 ISK 10.4K

Taxi Start (Normal Tariff)

$6.72 ISK 818

$6.24 ISK 760

7.69%

Taxi (Normal Tariff) (1km)

$2.80 ISK 341

Taxi 1hour Waiting (Normal Tariff)

$73.9 ISK 8,997

Gasoline (1 liter)

$1.93 ISK 235

$2.46 ISK 300

-21.54%

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

$50.3K ISK 6.1M

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

$53.7K ISK 6.5M

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

$68.8 ISK 8,382

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

$33.41 ISK 4,070

Internet (50+ Mbps, Unlimited Data)

$84.7 ISK 10.3K

Gym Membership (Monthly)

$66.2 ISK 8,067

Cinema Ticket

$16.76 ISK 2,042

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

$1,190 ISK 145.0K

International Primary School, 1 Child (Yearly)

$31.5K ISK 3.8M

Jeans (Levis 501 Or Similar)

$124 ISK 15.1K

Summer Dress (H&M, Zara, etc)

$66.9 ISK 8,152

Sport Shoes (Adidas, Nike)

$122 ISK 14.8K

Men's Leather Business Shoes

$254 ISK 31.0K

1-bedroom Apartment, City Center (Monthly)

$2,445 ISK 297.8K

1-bedroom Apartment, Outside City Center (Monthly)

$2,055 ISK 250.4K

3-bedroom Apartment, City Center (Monthly)

$3,353 ISK 408.4K

3-bedroom Apartment, Outside City Center (Monthly)

$2,683 ISK 326.7K

Buy Apartment in City Center (m2)

$7,113 ISK 866.4K

Buy Apartment Outside City Center (m2)

$7,146 ISK 870.4K

Average Monthly Net Salary (After Tax)

$4,674 ISK 569.3K

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 Hafnarfjordur: September 13, 2026

Last update for Egilsstadir: September 13, 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

Hafnarfjordur vs Egilsstadir: Cost of Living - Frequently Asked Questions

Egilsstadir is cheaper overall, especially in Groceries & Markets, Eating Out, Clothing & Footwear, Getting Around, Monthly Utilities & Internet. The 514% gap adds up to real monthly savings that compound significantly over time.

You'd need roughly $5,824 in Hafnarfjordur and $948 in Egilsstadir 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 0% higher in Hafnarfjordur. For households that cook at home regularly, that difference adds up over a month.

All in, you'll spend $3,883 per month in Hafnarfjordur versus $632 in Egilsstadir – a 514% gap that adds up to real savings over time for anyone picking the cheaper option.

At $632 in Egilsstadir versus $3,883 in Hafnarfjordur, a $1,500 budget is realistic in Egilsstadir but tight or insufficient in Hafnarfjordur. 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, Hafnarfjordur and Egilsstadir 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 514% less than in Hafnarfjordur. Beyond cost, consider language, visa policies, and how big the international community is in each city.