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: $3,661 in Hafnarfjordur versus $594 in Egilsstadir.

Estimated couple costs with rent: $5,235 in Hafnarfjordur versus $1,003 in Egilsstadir.

Monthly costs for a family of three with rent: $6,808 in Hafnarfjordur versus $1,413 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 172% above, Egilsstadir is 56% below.

Meal at Budget Restaurant

$27.17 ISK 3,383

Three-Course Dinner for Two, Mid-Range

$145 ISK 18.0K

Fast Food Meal (McDonalds, etc)

$16.06 ISK 2,000

Cappuccino

$6.26 ISK 779

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

$3.33 ISK 414

Water (0.33 liter bottle)

$2.50 ISK 312

Local Beer (0.5 liter draught)

$12.85 ISK 1,599

Imported Beer (0.33 liter bottle)

$11.35 ISK 1,413

Milk (1 liter)

$1.68 ISK 209

$1.68 ISK 210

White Bread (500g)

$4.25 ISK 529

$2.73 ISK 339

55.68%

Rice (white) (1kg)

$3.56 ISK 443

$2.34 ISK 292

52.14%

Eggs

$6.51 ISK 810

$5.76 ISK 717

13.02%

Local Cheese (1kg)

$18.32 ISK 2,281

$21.30 ISK 2,652

-13.99%

Chicken Fillets (1kg)

$24.43 ISK 3,042

$31.48 ISK 3,919

-22.40%

Beef Round Steak (1kg)

$41.97 ISK 5,225

$42.40 ISK 5,278

-1.01%

Apples (1kg)

$3.35 ISK 417

$2.67 ISK 332

25.47%

Banana (1kg)

$2.46 ISK 306

$2.37 ISK 295

3.80%

Oranges (1kg)

$3.02 ISK 376

$2.39 ISK 298

26.36%

Tomato (1kg)

$5.05 ISK 629

$3.77 ISK 469

33.95%

Potato (1kg)

$3.57 ISK 444

$4.24 ISK 528

-15.80%

Onion (1kg)

$2.45 ISK 305

$2.06 ISK 256

18.93%

Lettuce (1 head)

$3.19 ISK 397

$2.19 ISK 272

45.66%

Water (1.5 liter bottle)

$2.01 ISK 250

$2.22 ISK 277

-9.46%

Cigarettes 20 Pack (Marlboro, Camel)

$13.54 ISK 1,686

Wine (Bottle)

$23.20 ISK 2,888

$21.50 ISK 2,677

7.91%

Local Beer (0.5 liter bottle)

$3.70 ISK 460

$3.85 ISK 480

-3.90%

Imported Beer (0.33 liter bottle)

$3.25 ISK 405

$3.40 ISK 423

-4.41%

One-way Ticket (Public Transport)

$5.09 ISK 634

Public Transport Monthly Pass (Regular Price)

$84.4 ISK 10.5K

Taxi Start (Normal Tariff)

$6.25 ISK 778

Taxi (Normal Tariff) (1km)

$2.63 ISK 328

Taxi 1hour Waiting (Normal Tariff)

$85.6 ISK 10.7K

Gasoline (1 liter)

$2.49 ISK 311

$2.59 ISK 323

-3.86%

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

$48.1K ISK 6.0M

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

$52.4K ISK 6.5M

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

$68.0 ISK 8,465

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

$27.22 ISK 3,389

Internet (50+ Mbps, Unlimited Data)

$86.1 ISK 10.7K

Gym Membership (Monthly)

$64.7 ISK 8,053

Cinema Ticket

$16.66 ISK 2,074

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

$325 ISK 40.5K

International Primary School, 1 Child (Yearly)

$30.6K ISK 3.8M

Jeans (Levis 501 Or Similar)

$119 ISK 14.8K

Summer Dress (H&M, Zara, etc)

$62.5 ISK 7,778

Sport Shoes (Adidas, Nike)

$119 ISK 14.8K

Men's Leather Business Shoes

$266 ISK 33.1K

1-bedroom Apartment, City Center (Monthly)

$2,423 ISK 301.6K

1-bedroom Apartment, Outside City Center (Monthly)

$2,037 ISK 253.6K

3-bedroom Apartment, City Center (Monthly)

$3,250 ISK 404.7K

3-bedroom Apartment, Outside City Center (Monthly)

$2,547 ISK 317.0K

Buy Apartment in City Center (m2)

$6,850 ISK 852.8K

Buy Apartment Outside City Center (m2)

$6,826 ISK 849.8K

Average Monthly Net Salary (After Tax)

$4,665 ISK 580.8K

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: June 7, 2026

Last update for Egilsstadir: June 6, 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 $5,492 in Hafnarfjordur and $891 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 1% less for everyday groceries. It's an unusual reversal that partly offsets higher costs elsewhere.

All in, you'll spend $3,661 per month in Hafnarfjordur versus $594 in Egilsstadir – a 516% gap that adds up to real savings over time for anyone picking the cheaper option.

At $594 in Egilsstadir versus $3,661 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.