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: $3,667 in Hafnarfjordur versus $596 in Egilsstadir.

Estimated couple costs with rent: $5,242 in Hafnarfjordur versus $992 in Egilsstadir.

Monthly costs for a family of three with rent: $6,816 in Hafnarfjordur versus $1,387 in Egilsstadir.

Living in Hafnarfjordur is roughly 516% more expensive than Egilsstadir, driven mainly by Eating Out.

The two cities straddle the global median: Hafnarfjordur is 174% above, Egilsstadir is 56% below.

Meal at Budget Restaurant

$26.49 ISK 3,244

Three-Course Dinner for Two, Mid-Range

$145 ISK 17.7K

Fast Food Meal (McDonalds, etc)

$15.93 ISK 1,951

Cappuccino

$6.21 ISK 760

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

$3.37 ISK 413

Water (0.33 liter bottle)

$2.63 ISK 322

Local Beer (0.5 liter draught)

$12.82 ISK 1,570

Imported Beer (0.33 liter bottle)

$11.07 ISK 1,356

Milk (1 liter)

$1.61 ISK 198

$1.62 ISK 199

-0.62%

White Bread (500g)

$4.26 ISK 522

$2.86 ISK 350

48.95%

Rice (white) (1kg)

$3.70 ISK 453

$2.44 ISK 299

51.64%

Eggs

$6.29 ISK 770

$5.64 ISK 691

11.52%

Local Cheese (1kg)

$18.50 ISK 2,266

$21.58 ISK 2,643

-14.27%

Chicken Fillets (1kg)

$24.21 ISK 2,965

$31.98 ISK 3,917

-24.30%

Beef Round Steak (1kg)

$42.07 ISK 5,152

$42.58 ISK 5,215

-1.20%

Apples (1kg)

$3.24 ISK 396

$2.69 ISK 330

20.45%

Banana (1kg)

$2.40 ISK 294

$2.40 ISK 293

Oranges (1kg)

$3.00 ISK 367

$2.38 ISK 292

26.05%

Tomato (1kg)

$4.93 ISK 603

$3.72 ISK 456

32.53%

Potato (1kg)

$3.51 ISK 430

$4.29 ISK 526

-18.18%

Onion (1kg)

$2.32 ISK 285

$2.12 ISK 259

9.43%

Lettuce (1 head)

$3.16 ISK 386

$2.18 ISK 267

44.95%

Water (1.5 liter bottle)

$1.93 ISK 237

$2.15 ISK 264

-10.23%

Cigarettes 20 Pack (Marlboro, Camel)

$13.78 ISK 1,687

Wine (Bottle)

$22.71 ISK 2,782

$21.73 ISK 2,661

4.51%

Local Beer (0.5 liter bottle)

$3.71 ISK 455

$3.87 ISK 474

-4.13%

Imported Beer (0.33 liter bottle)

$3.32 ISK 407

$3.29 ISK 402

0.91%

One-way Ticket (Public Transport)

$5.00 ISK 612

Public Transport Monthly Pass (Regular Price)

$83.2 ISK 10.2K

Taxi Start (Normal Tariff)

$6.31 ISK 772

Taxi (Normal Tariff) (1km)

$2.61 ISK 319

Taxi 1hour Waiting (Normal Tariff)

$87.5 ISK 10.7K

Gasoline (1 liter)

$2.51 ISK 308

$2.63 ISK 322

-4.56%

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

$47.6K ISK 5.8M

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

$52.6K ISK 6.4M

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

$69.6 ISK 8,523

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

$27.48 ISK 3,366

Internet (50+ Mbps, Unlimited Data)

$84.3 ISK 10.3K

Gym Membership (Monthly)

$63.1 ISK 7,731

Cinema Ticket

$16.36 ISK 2,003

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

$318 ISK 39.0K

International Primary School, 1 Child (Yearly)

$30.3K ISK 3.7M

Jeans (Levis 501 Or Similar)

$120 ISK 14.7K

Summer Dress (H&M, Zara, etc)

$60.6 ISK 7,423

Sport Shoes (Adidas, Nike)

$121 ISK 14.8K

Men's Leather Business Shoes

$263 ISK 32.3K

1-bedroom Apartment, City Center (Monthly)

$2,442 ISK 299.1K

1-bedroom Apartment, Outside City Center (Monthly)

$2,047 ISK 250.7K

3-bedroom Apartment, City Center (Monthly)

$3,209 ISK 393.1K

3-bedroom Apartment, Outside City Center (Monthly)

$2,523 ISK 309.0K

Buy Apartment in City Center (m2)

$6,916 ISK 847.0K

Buy Apartment Outside City Center (m2)

$7,027 ISK 860.6K

Average Monthly Net Salary (After Tax)

$4,789 ISK 586.5K

20-Year Fixed Mortgage Interest Rate (Annual %)

9.63

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

Last update for Hafnarfjordur: April 26, 2026

Last update for Egilsstadir: April 28, 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 Eating Out, Clothing & Footwear, Getting Around, Monthly Utilities & Internet, Sport & Entertainment. The 516% gap adds up to real monthly savings that compound significantly over time.

You'd need roughly $5,501 in Hafnarfjordur and $893 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.

Shoppers in Hafnarfjordur pay roughly 3% less for everyday groceries. It's an unusual reversal that partly offsets higher costs elsewhere.

All in, you'll spend $3,667 per month in Hafnarfjordur versus $596 in Egilsstadir – a 516% gap that adds up to real savings over time for anyone picking the cheaper option.

At $596 in Egilsstadir versus $3,667 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 516% less than in Hafnarfjordur. Beyond cost, consider language, visa policies, and how big the international community is in each city.