Last update: Oct 2026

Cost of Living Comparison Between Keflavik and Egilsstadir

For one person, living is cheaper in Egilsstadir: $622 a month against $3,018 in Keflavik, rent and utilities included – about $28,800 less a year. Rent and utilities account for most of the difference.

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Cost of Living Index in Keflavik
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Keflavik Living Index

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Keflavik

🇮🇸 Iceland

$3,018

/mo nomad

Egilsstadir

🇮🇸 Iceland

$622

/mo nomad

Monthly Cost of Living

How much you'll spend in Keflavik 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 Keflavik and in Egilsstadir actually costs, broken down by who's living it.

Monthly costs for one person with rent: $3,018 in Keflavik versus $622 in Egilsstadir.

Keflavik $3,018
Egilsstadir $622

Estimated couple costs with rent: $4,529 in Keflavik versus $1,036 in Egilsstadir.

Keflavik $4,529
Egilsstadir $1,036

Monthly costs for a family of three with rent: $6,041 in Keflavik versus $1,449 in Egilsstadir.

Keflavik $6,041
Egilsstadir $1,449

Living in Keflavik is roughly 385% more expensive than in Egilsstadir, and outside of rent the biggest gap is in transport.

The two cities straddle the global median: Keflavik is 122% above, Egilsstadir is 54% below.

Meal at Budget Restaurant

$24.11 ISK 2,927

Three-Course Dinner for Two, Mid-Range

$121 ISK 14.7K

Fast Food Meal (McDonalds, etc)

$20.25 ISK 2,458

Cappuccino

$4.22 ISK 513

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

$3.36 ISK 408

Water (0.33 liter bottle)

$3.03 ISK 368

Local Beer (0.5 liter draught)

$8.25 ISK 1,001

Imported Beer (0.33 liter bottle)

$8.15 ISK 990

Milk (1 liter)

$2.11 ISK 256

$1.66 ISK 202

27.11%

White Bread (500g)

$4.21 ISK 512

$2.80 ISK 340

50.36%

Rice (white) (1kg)

$2.50 ISK 303

$2.47 ISK 299

1.21%

Eggs

$6.55 ISK 796

$5.65 ISK 686

15.93%

Local Cheese (1kg)

$19.70 ISK 2,391

$22.02 ISK 2,673

-10.54%

Chicken Fillets (1kg)

$23.90 ISK 2,902

$32.21 ISK 3,911

-25.80%

Beef Round Steak (1kg)

$41.71 ISK 5,063

$43.35 ISK 5,263

-3.78%

Apples (1kg)

$2.44 ISK 296

$2.74 ISK 333

-10.95%

Banana (1kg)

$2.41 ISK 292

$2.40 ISK 292

0.42%

Oranges (1kg)

$2.50 ISK 303

$2.53 ISK 307

-1.19%

Tomato (1kg)

$4.16 ISK 504

$3.87 ISK 470

7.49%

Potato (1kg)

$3.12 ISK 378

$4.47 ISK 542

-30.20%

Onion (1kg)

$1.64 ISK 199

$2.12 ISK 258

-22.64%

Lettuce (1 head)

$3.62 ISK 440

$2.14 ISK 260

69.16%

Water (1.5 liter bottle)

$1.81 ISK 219

$2.23 ISK 270

-18.83%

Cigarettes 20 Pack (Marlboro, Camel)

$13.85 ISK 1,681

Wine (Bottle)

$16.32 ISK 1,981

$22.37 ISK 2,716

-27.05%

Local Beer (0.5 liter bottle)

$3.73 ISK 453

$3.95 ISK 479

-5.57%

Imported Beer (0.33 liter bottle)

$2.81 ISK 341

$3.48 ISK 423

-19.25%

One-way Ticket (Public Transport)

$3.68 ISK 447

Public Transport Monthly Pass (Regular Price)

$77.2 ISK 9,366

Taxi Start (Normal Tariff)

$6.35 ISK 771

$6.21 ISK 754

2.25%

Taxi (Normal Tariff) (1km)

$2.59 ISK 314

Taxi 1hour Waiting (Normal Tariff)

$80.2 ISK 9,738

Gasoline (1 liter)

$2.00 ISK 243

$2.40 ISK 292

-16.67%

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

$68.2K ISK 8.3M

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

$55.2K ISK 6.7M

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

$95.8 ISK 11.6K

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

$32.13 ISK 3,900

Internet (50+ Mbps, Unlimited Data)

$84.5 ISK 10.3K

Gym Membership (Monthly)

$76.7 ISK 9,316

Cinema Ticket

$19.58 ISK 2,377

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

$406 ISK 49.3K

International Primary School, 1 Child (Yearly)

$26.4K ISK 3.2M

Jeans (Levis 501 Or Similar)

$148 ISK 18.0K

Summer Dress (H&M, Zara, etc)

$66.8 ISK 8,104

Sport Shoes (Adidas, Nike)

$184 ISK 22.4K

Men's Leather Business Shoes

$190 ISK 23.1K

1-bedroom Apartment, City Center (Monthly)

$1,862 ISK 226.0K

1-bedroom Apartment, Outside City Center (Monthly)

$1,359 ISK 165.0K

3-bedroom Apartment, City Center (Monthly)

$2,527 ISK 306.7K

3-bedroom Apartment, Outside City Center (Monthly)

$2,040 ISK 247.7K

Average Monthly Net Salary (After Tax)

$3,819 ISK 463.6K

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 Keflavik: October 26, 2026

Last update for Egilsstadir: October 26, 2026

Monthly budget structure

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

Accommodation & Living

Keflavik

$1.4K 45%

Egilsstadir

–

Groceries & Markets

Keflavik

$566 18.8%

Egilsstadir

–

Eating Out

Keflavik

$387 12.8%

Egilsstadir

–

Clothing & Footwear

Keflavik

$265 8.8%

Egilsstadir

–

Monthly Utilities & Internet

Keflavik

$212 7%

Egilsstadir

–

Sport & Entertainment

Keflavik

$116 3.8%

Egilsstadir

–

Getting Around

Keflavik

$111 3.7%

Egilsstadir

–

Good to know

🇮🇸 Keflavik

🇮🇸 Egilsstadir

🕒 Local time

03:21 3:21 AM

Same time as Keflavik

🌤 Weather

👥 Population

15,000

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

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Keflavik Egilsstadir 410 km

From you

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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

Keflavik vs Egilsstadir: Cost of Living - Frequently Asked Questions

Egilsstadir is about 79% cheaper overall, especially in transport. That difference adds up to real monthly savings that compound significantly over time.

You’d need roughly $4,526 in Keflavik 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.

Shoppers in Keflavik pay roughly 8% less for everyday groceries. It’s an unusual reversal that partly offsets higher costs elsewhere.

All in, you’ll spend $3,018 per month in Keflavik versus $622 in Egilsstadir – Egilsstadir is about 79% cheaper, which adds up to real savings over time.

At $622 in Egilsstadir versus $3,018 in Keflavik, a $1,000 budget is realistic in Egilsstadir but tight or insufficient in Keflavik. 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, Keflavik and Egilsstadir are both considered safe, so it’s unlikely to be the deciding factor between them.