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: $3,743 in Hafnarfjordur versus $615 in Egilsstadir.

Estimated couple costs with rent: $5,243 in Hafnarfjordur versus $1,013 in Egilsstadir.

Monthly costs for a family of three with rent: $6,742 in Hafnarfjordur versus $1,411 in Egilsstadir.

Living in Hafnarfjordur is roughly 508% more expensive than in Egilsstadir, driven mainly by Eating Out.

The two cities straddle the global median: Hafnarfjordur is 181% above, Egilsstadir is 54% below.

Meal at Budget Restaurant

$26.51 ISK 3,277

Three-Course Dinner for Two, Mid-Range

$145 ISK 18.0K

Fast Food Meal (McDonalds, etc)

$16.15 ISK 1,997

Cappuccino

$5.95 ISK 735

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

$3.26 ISK 403

Water (0.33 liter bottle)

$2.61 ISK 323

Local Beer (0.5 liter draught)

$12.64 ISK 1,562

Imported Beer (0.33 liter bottle)

$11.36 ISK 1,404

Milk (1 liter)

$1.69 ISK 209

$1.64 ISK 202

3.05%

White Bread (500g)

$4.31 ISK 532

$2.74 ISK 338

57.30%

Rice (white) (1kg)

$3.56 ISK 440

$2.41 ISK 298

47.72%

Eggs

$6.21 ISK 767

$5.85 ISK 723

6.15%

Local Cheese (1kg)

$18.06 ISK 2,232

$21.76 ISK 2,690

-17.00%

Chicken Fillets (1kg)

$23.82 ISK 2,944

$31.24 ISK 3,862

-23.75%

Beef Round Steak (1kg)

$43.07 ISK 5,324

$43.20 ISK 5,339

-0.30%

Apples (1kg)

$3.35 ISK 414

$2.59 ISK 320

29.34%

Banana (1kg)

$2.34 ISK 289

$2.45 ISK 302

-4.49%

Oranges (1kg)

$3.14 ISK 388

$2.43 ISK 300

29.22%

Tomato (1kg)

$5.03 ISK 622

$3.71 ISK 459

35.58%

Potato (1kg)

$3.67 ISK 453

$4.43 ISK 548

-17.16%

Onion (1kg)

$2.40 ISK 296

$2.01 ISK 249

19.40%

Lettuce (1 head)

$3.07 ISK 380

$2.15 ISK 266

42.79%

Water (1.5 liter bottle)

$1.92 ISK 237

$2.12 ISK 262

-9.43%

Cigarettes 20 Pack (Marlboro, Camel)

$13.77 ISK 1,703

Wine (Bottle)

$23.38 ISK 2,890

$21.37 ISK 2,642

9.41%

Local Beer (0.5 liter bottle)

$3.64 ISK 450

$3.69 ISK 456

-1.36%

Imported Beer (0.33 liter bottle)

$3.21 ISK 397

$3.33 ISK 411

-3.60%

One-way Ticket (Public Transport)

$5.19 ISK 642

Public Transport Monthly Pass (Regular Price)

$83.2 ISK 10.3K

Taxi Start (Normal Tariff)

$6.47 ISK 800

Taxi (Normal Tariff) (1km)

$2.52 ISK 312

Taxi 1hour Waiting (Normal Tariff)

$85.7 ISK 10.6K

Gasoline (1 liter)

$2.45 ISK 303

$2.54 ISK 314

-3.54%

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

$46.5K ISK 5.7M

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

$52.0K ISK 6.4M

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

$69.5 ISK 8,589

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

$27.05 ISK 3,344

Internet (50+ Mbps, Unlimited Data)

$86.3 ISK 10.7K

Gym Membership (Monthly)

$64.1 ISK 7,917

Cinema Ticket

$16.45 ISK 2,033

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

$321 ISK 39.7K

International Primary School, 1 Child (Yearly)

$30.1K ISK 3.7M

Jeans (Levis 501 Or Similar)

$118 ISK 14.6K

Summer Dress (H&M, Zara, etc)

$60.9 ISK 7,527

Sport Shoes (Adidas, Nike)

$121 ISK 15.0K

Men's Leather Business Shoes

$271 ISK 33.4K

1-bedroom Apartment, City Center (Monthly)

$2,379 ISK 294.1K

1-bedroom Apartment, Outside City Center (Monthly)

$2,013 ISK 248.8K

3-bedroom Apartment, City Center (Monthly)

$3,196 ISK 395.0K

3-bedroom Apartment, Outside City Center (Monthly)

$2,588 ISK 319.9K

Buy Apartment in City Center (m2)

$6,883 ISK 850.7K

Buy Apartment Outside City Center (m2)

$6,652 ISK 822.2K

Average Monthly Net Salary (After Tax)

$4,538 ISK 560.9K

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: July 27, 2026

Last update for Egilsstadir: July 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 508% gap adds up to real monthly savings that compound significantly over time.

You'd need roughly $5,615 in Hafnarfjordur and $923 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 2% less for everyday groceries. It's an unusual reversal that partly offsets higher costs elsewhere.

All in, you'll spend $3,743 per month in Hafnarfjordur versus $615 in Egilsstadir – a 508% gap that adds up to real savings over time for anyone picking the cheaper option.

At $615 in Egilsstadir versus $3,743 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 508% less than in Hafnarfjordur. Beyond cost, consider language, visa policies, and how big the international community is in each city.