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: $2,826 in Keflavik versus $594 in Egilsstadir.

Estimated couple costs with rent: $4,368 in Keflavik versus $1,003 in Egilsstadir.

Monthly costs for a family of three with rent: $5,910 in Keflavik versus $1,413 in Egilsstadir.

Living in Keflavik is roughly 376% more expensive than Egilsstadir, driven mainly by Eating Out.

The two cities straddle the global median: Keflavik is 110% above, Egilsstadir is 56% below.

Meal at Budget Restaurant

$24.41 ISK 3,039

Three-Course Dinner for Two, Mid-Range

$147 ISK 18.2K

Fast Food Meal (McDonalds, etc)

$20.33 ISK 2,531

Cappuccino

$3.94 ISK 491

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

$3.13 ISK 390

Water (0.33 liter bottle)

$2.53 ISK 314

Local Beer (0.5 liter draught)

$8.12 ISK 1,011

Imported Beer (0.33 liter bottle)

$8.23 ISK 1,024

Milk (1 liter)

$1.93 ISK 241

$1.68 ISK 210

14.88%

White Bread (500g)

$4.15 ISK 517

$2.73 ISK 339

52.01%

Rice (white) (1kg)

$2.35 ISK 293

$2.34 ISK 292

0.43%

Eggs

$6.18 ISK 769

$5.76 ISK 717

7.29%

Local Cheese (1kg)

$18.22 ISK 2,268

$21.30 ISK 2,652

-14.46%

Chicken Fillets (1kg)

$23.63 ISK 2,942

$31.48 ISK 3,919

-24.94%

Beef Round Steak (1kg)

$43.19 ISK 5,377

$42.40 ISK 5,278

1.86%

Apples (1kg)

$2.36 ISK 293

$2.67 ISK 332

-11.61%

Banana (1kg)

$2.43 ISK 303

$2.37 ISK 295

2.53%

Oranges (1kg)

$2.39 ISK 298

Tomato (1kg)

$4.04 ISK 503

$3.77 ISK 469

7.16%

Potato (1kg)

$3.04 ISK 378

$4.24 ISK 528

-28.30%

Onion (1kg)

$2.04 ISK 254

$2.06 ISK 256

-0.97%

Lettuce (1 head)

$3.14 ISK 391

$2.19 ISK 272

43.38%

Water (1.5 liter bottle)

$1.95 ISK 243

$2.22 ISK 277

-12.16%

Cigarettes 20 Pack (Marlboro, Camel)

$13.53 ISK 1,685

Wine (Bottle)

$15.82 ISK 1,970

$21.50 ISK 2,677

-26.42%

Local Beer (0.5 liter bottle)

$3.75 ISK 466

$3.85 ISK 480

-2.60%

Imported Beer (0.33 liter bottle)

$2.74 ISK 341

$3.40 ISK 423

-19.41%

One-way Ticket (Public Transport)

$3.57 ISK 444

Public Transport Monthly Pass (Regular Price)

$75.1 ISK 9,355

Taxi Start (Normal Tariff)

$6.45 ISK 804

Taxi (Normal Tariff) (1km)

$2.30 ISK 286

Taxi 1hour Waiting (Normal Tariff)

$85.4 ISK 10.6K

Gasoline (1 liter)

$2.47 ISK 308

$2.59 ISK 323

-4.63%

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

$47.1K ISK 5.9M

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

$52.8K ISK 6.6M

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

$86.3 ISK 10.7K

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

$27.46 ISK 3,418

Internet (50+ Mbps, Unlimited Data)

$85.8 ISK 10.7K

Cinema Ticket

$17.45 ISK 2,173

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

$318 ISK 39.5K

International Primary School, 1 Child (Yearly)

$30.2K ISK 3.8M

Jeans (Levis 501 Or Similar)

$140 ISK 17.4K

Summer Dress (H&M, Zara, etc)

$62.6 ISK 7,790

Sport Shoes (Adidas, Nike)

$185 ISK 23.1K

Men's Leather Business Shoes

$184 ISK 22.9K

1-bedroom Apartment, City Center (Monthly)

$1,877 ISK 233.6K

1-bedroom Apartment, Outside City Center (Monthly)

$1,344 ISK 167.3K

3-bedroom Apartment, City Center (Monthly)

$2,475 ISK 308.2K

3-bedroom Apartment, Outside City Center (Monthly)

$2,042 ISK 254.2K

Average Monthly Net Salary (After Tax)

$3,650 ISK 454.4K

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: June 8, 2026

Last update for Egilsstadir: June 6, 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 376% gap adds up to real monthly savings that compound significantly over time.

You'd need roughly $4,239 in Keflavik and $891 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 $2,826 per month in Keflavik versus $594 in Egilsstadir – a 376% gap that adds up to real savings over time for anyone picking the cheaper option.

At $594 in Egilsstadir versus $2,826 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 376% less than in Keflavik. Beyond cost, consider language, visa policies, and how big the international community is in each city.