Cost of Living Comparison Between Hella and Egilsstadir Cost of Living Comparison Between Hella and Egilsstadir

Monthly Cost of Living

Monthly costs for one person with rent: $1,694 in Hella versus $632 in Egilsstadir.

Estimated couple costs with rent: $2,923 in Hella versus $1,060 in Egilsstadir.

Monthly costs for a family of three with rent: $4,152 in Hella versus $1,488 in Egilsstadir.

Living in Hella is roughly 168% more expensive than in Egilsstadir, driven mainly by Eating Out.

The two cities straddle the global median: Hella is 24% above, Egilsstadir is 54% below.

Meal at Budget Restaurant

$29.93 ISK 3,645

Three-Course Dinner for Two, Mid-Range

$137 ISK 16.6K

Fast Food Meal (McDonalds, etc)

$26.99 ISK 3,287

Cappuccino

$6.87 ISK 837

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

$3.25 ISK 396

Water (0.33 liter bottle)

$3.21 ISK 392

Local Beer (0.5 liter draught)

$13.88 ISK 1,690

Imported Beer (0.33 liter bottle)

$12.29 ISK 1,497

Milk (1 liter)

$2.12 ISK 259

$1.75 ISK 213

21.14%

White Bread (500g)

$4.32 ISK 526

$2.89 ISK 352

49.48%

Rice (white) (1kg)

$3.69 ISK 450

$2.38 ISK 290

55.04%

Eggs

$7.01 ISK 854

$5.98 ISK 728

17.22%

Local Cheese (1kg)

$21.12 ISK 2,573

$21.61 ISK 2,633

-2.27%

Chicken Fillets (1kg)

$24.72 ISK 3,011

$32.13 ISK 3,914

-23.06%

Beef Round Steak (1kg)

$42.94 ISK 5,230

$44.62 ISK 5,434

-3.77%

Apples (1kg)

$3.35 ISK 408

$2.64 ISK 322

26.89%

Banana (1kg)

$2.92 ISK 356

$2.53 ISK 308

15.42%

Oranges (1kg)

$3.16 ISK 385

$2.49 ISK 303

26.91%

Tomato (1kg)

$6.25 ISK 762

$3.90 ISK 475

60.26%

Potato (1kg)

$4.13 ISK 504

$4.34 ISK 528

-4.84%

Onion (1kg)

$1.66 ISK 202

$2.16 ISK 263

-23.15%

Lettuce (1 head)

$3.81 ISK 465

$2.13 ISK 259

78.87%

Water (1.5 liter bottle)

$1.76 ISK 214

$2.25 ISK 274

-21.78%

Cigarettes 20 Pack (Marlboro, Camel)

$13.87 ISK 1,690

Wine (Bottle)

$24.10 ISK 2,936

$22.18 ISK 2,702

8.66%

Local Beer (0.5 liter bottle)

$3.79 ISK 462

$3.93 ISK 478

-3.56%

Imported Beer (0.33 liter bottle)

$3.37 ISK 410

$3.52 ISK 428

-4.26%

Taxi Start (Normal Tariff)

$6.79 ISK 827

$6.24 ISK 760

8.81%

Taxi (Normal Tariff) (1km)

$2.83 ISK 345

Taxi 1hour Waiting (Normal Tariff)

$74.9 ISK 9,118

Gasoline (1 liter)

$2.02 ISK 246

$2.46 ISK 300

-17.89%

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

$50.8K ISK 6.2M

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

$54.3K ISK 6.6M

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

$88.2 ISK 10.7K

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

$32.75 ISK 3,989

Internet (50+ Mbps, Unlimited Data)

$83.8 ISK 10.2K

Cinema Ticket

$19.68 ISK 2,396

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

$1,190 ISK 144.9K

International Primary School, 1 Child (Yearly)

$30.6K ISK 3.7M

Jeans (Levis 501 Or Similar)

$161 ISK 19.6K

Summer Dress (H&M, Zara, etc)

$67.1 ISK 8,170

Sport Shoes (Adidas, Nike)

$182 ISK 22.1K

Men's Leather Business Shoes

$252 ISK 30.6K

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 Hella: September 14, 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

Hella vs Egilsstadir: Cost of Living - Frequently Asked Questions

Egilsstadir is cheaper overall, especially in Groceries & Markets, Eating Out, Clothing & Footwear, Monthly Utilities & Internet, Sport & Entertainment. The 168% gap adds up to real monthly savings that compound significantly over time.

You'd need roughly $2,541 in Hella 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 1% higher in Hella. For households that cook at home regularly, that difference adds up over a month.

All in, you'll spend $1,694 per month in Hella versus $632 in Egilsstadir – a 168% gap that adds up to real savings over time for anyone picking the cheaper option.

At $632 in Egilsstadir versus $1,694 in Hella, a $1,500 budget is realistic in Egilsstadir but tight or insufficient in Hella. 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, Hella 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 168% less than in Hella. Beyond cost, consider language, visa policies, and how big the international community is in each city.