Last update: Oct 2026

Cost of Living Comparison Between Hafnarfjordur and Egilsstadir

For one person, living is cheaper in Egilsstadir: $622 a month against $3,853 in Hafnarfjordur, rent and utilities included – about $38,800 less a year. Rent and utilities account for most of the difference.

184

Cost of Living Index in Hafnarfjordur
Learn more

Hafnarfjordur Living Index

Jump to prices

Hafnarfjordur

🇮🇸 Iceland

$3,853

/mo nomad

Egilsstadir

🇮🇸 Iceland

$622

/mo nomad

Monthly Cost of Living

How much you'll spend in Hafnarfjordur and in Egilsstadir

Real prices from locals and on-the-ground checks – rent, groceries, transit and the daily extras. Here's what a month in Hafnarfjordur and in Egilsstadir actually costs, broken down by who's living it.

Monthly costs for one person with rent: $3,853 in Hafnarfjordur versus $622 in Egilsstadir.

Hafnarfjordur $3,853
Egilsstadir $622

Estimated couple costs with rent: $5,410 in Hafnarfjordur versus $1,036 in Egilsstadir.

Hafnarfjordur $5,410
Egilsstadir $1,036

Monthly costs for a family of three with rent: $6,967 in Hafnarfjordur versus $1,449 in Egilsstadir.

Hafnarfjordur $6,967
Egilsstadir $1,449

Living in Hafnarfjordur is roughly 519% more expensive than in Egilsstadir, and outside of rent the biggest gap is in transport.

The two cities straddle the global median: Hafnarfjordur is 183% above, Egilsstadir is 54% below.

Meal at Budget Restaurant

$31.04 ISK 3,768

Three-Course Dinner for Two, Mid-Range

$125 ISK 15.1K

Fast Food Meal (McDonalds, etc)

$16.40 ISK 1,991

Cappuccino

$6.71 ISK 814

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

$3.33 ISK 405

Water (0.33 liter bottle)

$3.14 ISK 382

Local Beer (0.5 liter draught)

$14.02 ISK 1,703

Imported Beer (0.33 liter bottle)

$12.11 ISK 1,470

Milk (1 liter)

$1.67 ISK 203

$1.66 ISK 202

0.60%

White Bread (500g)

$4.21 ISK 511

$2.80 ISK 340

50.36%

Rice (white) (1kg)

$3.71 ISK 450

$2.47 ISK 299

50.20%

Eggs

$7.26 ISK 881

$5.65 ISK 686

28.50%

Local Cheese (1kg)

$21.51 ISK 2,611

$22.02 ISK 2,673

-2.32%

Chicken Fillets (1kg)

$24.40 ISK 2,962

$32.21 ISK 3,911

-24.25%

Beef Round Steak (1kg)

$41.76 ISK 5,070

$43.35 ISK 5,263

-3.67%

Apples (1kg)

$3.24 ISK 394

$2.74 ISK 333

18.25%

Banana (1kg)

$2.48 ISK 301

$2.40 ISK 292

3.33%

Oranges (1kg)

$3.19 ISK 388

$2.53 ISK 307

26.09%

Tomato (1kg)

$6.41 ISK 779

$3.87 ISK 470

65.63%

Potato (1kg)

$3.93 ISK 477

$4.47 ISK 542

-12.08%

Onion (1kg)

$1.64 ISK 200

$2.12 ISK 258

-22.64%

Lettuce (1 head)

$3.69 ISK 448

$2.14 ISK 260

72.43%

Water (1.5 liter bottle)

$1.82 ISK 221

$2.23 ISK 270

-18.39%

Cigarettes 20 Pack (Marlboro, Camel)

$14.04 ISK 1,705

Wine (Bottle)

$24.05 ISK 2,920

$22.37 ISK 2,716

7.51%

Local Beer (0.5 liter bottle)

$3.53 ISK 428

$3.95 ISK 479

-10.63%

Imported Beer (0.33 liter bottle)

$3.38 ISK 411

$3.48 ISK 423

-2.87%

One-way Ticket (Public Transport)

$5.10 ISK 620

Public Transport Monthly Pass (Regular Price)

$85.0 ISK 10.3K

Taxi Start (Normal Tariff)

$6.92 ISK 840

$6.21 ISK 754

11.43%

Taxi (Normal Tariff) (1km)

$2.84 ISK 345

Taxi 1hour Waiting (Normal Tariff)

$80.8 ISK 9,811

Gasoline (1 liter)

$2.00 ISK 243

$2.40 ISK 292

-16.67%

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

$68.7K ISK 8.3M

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

$55.8K ISK 6.8M

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

$69.4 ISK 8,419

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

$32.65 ISK 3,964

Internet (50+ Mbps, Unlimited Data)

$85.0 ISK 10.3K

Gym Membership (Monthly)

$65.1 ISK 7,900

Cinema Ticket

$17.08 ISK 2,073

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

$1,172 ISK 142.3K

International Primary School, 1 Child (Yearly)

$25.9K ISK 3.1M

Jeans (Levis 501 Or Similar)

$125 ISK 15.1K

Summer Dress (H&M, Zara, etc)

$67.1 ISK 8,150

Sport Shoes (Adidas, Nike)

$124 ISK 15.1K

Men's Leather Business Shoes

$246 ISK 29.9K

1-bedroom Apartment, City Center (Monthly)

$2,496 ISK 303.1K

1-bedroom Apartment, Outside City Center (Monthly)

$2,075 ISK 251.8K

3-bedroom Apartment, City Center (Monthly)

$3,232 ISK 392.3K

3-bedroom Apartment, Outside City Center (Monthly)

$2,670 ISK 324.2K

Buy Apartment in City Center (m2)

$7,011 ISK 851.1K

Buy Apartment Outside City Center (m2)

$7,014 ISK 851.6K

Average Monthly Net Salary (After Tax)

$4,674 ISK 567.4K

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 Hafnarfjordur: October 24, 2026

Last update for Egilsstadir: October 26, 2026

Monthly budget structure

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

Accommodation & Living

Hafnarfjordur

$2.1K 53.8%

Egilsstadir

–

Groceries & Markets

Hafnarfjordur

$615 16%

Egilsstadir

–

Eating Out

Hafnarfjordur

$498 12.9%

Egilsstadir

–

Clothing & Footwear

Hafnarfjordur

$253 6.6%

Egilsstadir

–

Monthly Utilities & Internet

Hafnarfjordur

$187 4.9%

Egilsstadir

–

Getting Around

Hafnarfjordur

$127 3.3%

Egilsstadir

–

Sport & Entertainment

Hafnarfjordur

$99 2.6%

Egilsstadir

–

Good to know

🇮🇸 Hafnarfjordur

🇮🇸 Egilsstadir

🕒 Local time

04:06 4:06 AM

Same time as Hafnarfjordur

🌤 Weather

👥 Population

31,525

2,500

💱 Currency

Icelandic Króna ISK kr

📈 Exchange rate

1,000 ISK = 8.24 USD

1,000 ISK = 7.38 EUR

1,000 ISK = 8.24 USD

1,000 ISK = 7.38 EUR

Exchange rates and currency converter

On the map

Lowest

Highest

Between locations

Hafnarfjordur Egilsstadir 380 km

From you

Hafnarfjordur
Egilsstadir

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

Hafnarfjordur vs Egilsstadir: Cost of Living - Frequently Asked Questions

Egilsstadir is about 84% cheaper overall, especially in transport. That difference adds up to real monthly savings that compound significantly over time.

You’d need roughly $5,780 in Hafnarfjordur and $934 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.

At $622 in Egilsstadir versus $3,853 in Hafnarfjordur, a $1,000 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 both considered safe, so it’s unlikely to be the deciding factor between them.