Cost of Living Comparison Between Keflavik and Egilsstadir Cost of Living Comparison Between Keflavik and Egilsstadir

Monthly Cost of Living

Monthly costs for one person with rent: $2,853 in Keflavik versus $615 in Egilsstadir.

Estimated couple costs with rent: $4,401 in Keflavik versus $1,013 in Egilsstadir.

Monthly costs for a family of three with rent: $5,949 in Keflavik versus $1,411 in Egilsstadir.

Living in Keflavik is roughly 364% more expensive than in Egilsstadir, driven mainly by Eating Out.

The two cities straddle the global median: Keflavik is 114% above, Egilsstadir is 54% below.

Meal at Budget Restaurant

$23.97 ISK 2,962

Three-Course Dinner for Two, Mid-Range

$143 ISK 17.7K

Fast Food Meal (McDonalds, etc)

$20.29 ISK 2,508

Cappuccino

$3.95 ISK 488

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

$3.18 ISK 393

Water (0.33 liter bottle)

$2.52 ISK 312

Local Beer (0.5 liter draught)

$7.95 ISK 983

Imported Beer (0.33 liter bottle)

$8.18 ISK 1,011

Milk (1 liter)

$1.87 ISK 231

$1.64 ISK 202

14.02%

White Bread (500g)

$4.18 ISK 517

$2.74 ISK 338

52.55%

Rice (white) (1kg)

$2.37 ISK 293

$2.41 ISK 298

-1.66%

Eggs

$6.43 ISK 795

$5.85 ISK 723

9.91%

Local Cheese (1kg)

$18.22 ISK 2,252

$21.76 ISK 2,690

-16.27%

Chicken Fillets (1kg)

$24.11 ISK 2,980

$31.24 ISK 3,862

-22.82%

Beef Round Steak (1kg)

$42.82 ISK 5,292

$43.20 ISK 5,339

-0.88%

Apples (1kg)

$2.35 ISK 291

$2.59 ISK 320

-9.27%

Banana (1kg)

$2.44 ISK 302

$2.45 ISK 302

-0.41%

Oranges (1kg)

$2.36 ISK 291

$2.43 ISK 300

-2.88%

Tomato (1kg)

$4.00 ISK 494

$3.71 ISK 459

7.82%

Potato (1kg)

$3.06 ISK 378

$4.43 ISK 548

-30.93%

Onion (1kg)

$2.01 ISK 249

Lettuce (1 head)

$3.17 ISK 392

$2.15 ISK 266

47.44%

Water (1.5 liter bottle)

$1.93 ISK 239

$2.12 ISK 262

-8.96%

Cigarettes 20 Pack (Marlboro, Camel)

$13.80 ISK 1,706

Wine (Bottle)

$15.90 ISK 1,965

$21.37 ISK 2,642

-25.60%

Local Beer (0.5 liter bottle)

$3.74 ISK 462

$3.69 ISK 456

1.36%

Imported Beer (0.33 liter bottle)

$2.82 ISK 349

$3.33 ISK 411

-15.32%

One-way Ticket (Public Transport)

$3.67 ISK 454

Public Transport Monthly Pass (Regular Price)

$74.3 ISK 9,183

Taxi Start (Normal Tariff)

$6.37 ISK 787

Taxi (Normal Tariff) (1km)

$2.26 ISK 279

Taxi 1hour Waiting (Normal Tariff)

$86.4 ISK 10.7K

Gasoline (1 liter)

$2.43 ISK 300

$2.54 ISK 314

-4.33%

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

$47.5K ISK 5.9M

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)

$86.6 ISK 10.7K

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

$27.84 ISK 3,441

Internet (50+ Mbps, Unlimited Data)

$86.2 ISK 10.7K

Cinema Ticket

$17.61 ISK 2,177

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

$318 ISK 39.3K

International Primary School, 1 Child (Yearly)

$29.7K ISK 3.7M

Jeans (Levis 501 Or Similar)

$141 ISK 17.4K

Summer Dress (H&M, Zara, etc)

$62.8 ISK 7,766

Sport Shoes (Adidas, Nike)

$180 ISK 22.3K

Men's Leather Business Shoes

$188 ISK 23.2K

1-bedroom Apartment, City Center (Monthly)

$1,829 ISK 226.0K

1-bedroom Apartment, Outside City Center (Monthly)

$1,350 ISK 166.8K

3-bedroom Apartment, City Center (Monthly)

$2,442 ISK 301.8K

3-bedroom Apartment, Outside City Center (Monthly)

$2,007 ISK 248.1K

Average Monthly Net Salary (After Tax)

$3,712 ISK 458.9K

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 Keflavik: July 26, 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

Keflavik vs Egilsstadir: Cost of Living - Frequently Asked Questions

Egilsstadir is cheaper overall, especially in Eating Out, Clothing & Footwear, Monthly Utilities & Internet, Getting Around, Sport & Entertainment. The 364% gap adds up to real monthly savings that compound significantly over time.

You'd need roughly $4,279 in Keflavik 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 Keflavik pay roughly 8% less for everyday groceries. It's an unusual reversal that partly offsets higher costs elsewhere.

All in, you'll spend $2,853 per month in Keflavik versus $615 in Egilsstadir – a 364% gap that adds up to real savings over time for anyone picking the cheaper option.

At $615 in Egilsstadir versus $2,853 in Keflavik, a $1,500 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 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 364% less than in Keflavik. Beyond cost, consider language, visa policies, and how big the international community is in each city.