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: $3,069 in Keflavik versus $632 in Egilsstadir.

Estimated couple costs with rent: $4,595 in Keflavik versus $1,060 in Egilsstadir.

Monthly costs for a family of three with rent: $6,122 in Keflavik versus $1,488 in Egilsstadir.

Living in Keflavik is roughly 386% more expensive than in Egilsstadir, driven mainly by Eating Out.

The two cities straddle the global median: Keflavik is 124% above, Egilsstadir is 54% below.

Meal at Budget Restaurant

$24.41 ISK 2,974

Three-Course Dinner for Two, Mid-Range

$137 ISK 16.7K

Fast Food Meal (McDonalds, etc)

$20.50 ISK 2,497

Cappuccino

$4.01 ISK 489

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

$3.22 ISK 392

Water (0.33 liter bottle)

$3.35 ISK 408

Local Beer (0.5 liter draught)

$8.49 ISK 1,035

Imported Beer (0.33 liter bottle)

$8.34 ISK 1,016

Milk (1 liter)

$2.02 ISK 246

$1.75 ISK 213

15.43%

White Bread (500g)

$4.32 ISK 526

$2.89 ISK 352

49.48%

Rice (white) (1kg)

$2.40 ISK 292

$2.38 ISK 290

0.84%

Eggs

$6.45 ISK 785

$5.98 ISK 728

7.86%

Local Cheese (1kg)

$19.18 ISK 2,336

$21.61 ISK 2,633

-11.24%

Chicken Fillets (1kg)

$23.88 ISK 2,909

$32.13 ISK 3,914

-25.68%

Beef Round Steak (1kg)

$42.74 ISK 5,206

$44.62 ISK 5,434

-4.21%

Apples (1kg)

$2.44 ISK 297

$2.64 ISK 322

-7.58%

Banana (1kg)

$2.41 ISK 293

$2.53 ISK 308

-4.74%

Oranges (1kg)

$2.44 ISK 297

$2.49 ISK 303

-2.01%

Tomato (1kg)

$4.23 ISK 515

$3.90 ISK 475

8.46%

Potato (1kg)

$3.18 ISK 387

$4.34 ISK 528

-26.73%

Onion (1kg)

$1.67 ISK 203

$2.16 ISK 263

-22.69%

Lettuce (1 head)

$3.84 ISK 468

$2.13 ISK 259

80.28%

Water (1.5 liter bottle)

$1.84 ISK 224

$2.25 ISK 274

-18.22%

Cigarettes 20 Pack (Marlboro, Camel)

$14.27 ISK 1,738

Wine (Bottle)

$16.28 ISK 1,983

$22.18 ISK 2,702

-26.60%

Local Beer (0.5 liter bottle)

$3.83 ISK 467

$3.93 ISK 478

-2.54%

Imported Beer (0.33 liter bottle)

$2.83 ISK 345

$3.52 ISK 428

-19.60%

One-way Ticket (Public Transport)

$3.60 ISK 439

Public Transport Monthly Pass (Regular Price)

$77.8 ISK 9,470

Taxi Start (Normal Tariff)

$6.53 ISK 796

$6.24 ISK 760

4.65%

Taxi (Normal Tariff) (1km)

$2.71 ISK 330

Taxi 1hour Waiting (Normal Tariff)

$75.5 ISK 9,196

Gasoline (1 liter)

$1.92 ISK 234

$2.46 ISK 300

-21.95%

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

$51.7K ISK 6.3M

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

$54.7K ISK 6.7M

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

$87.5 ISK 10.7K

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

$33.19 ISK 4,043

Internet (50+ Mbps, Unlimited Data)

$84.8 ISK 10.3K

Gym Membership (Monthly)

$79.0 ISK 9,620

Cinema Ticket

$19.65 ISK 2,393

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

$415 ISK 50.5K

International Primary School, 1 Child (Yearly)

$30.8K ISK 3.8M

Jeans (Levis 501 Or Similar)

$158 ISK 19.3K

Summer Dress (H&M, Zara, etc)

$66.0 ISK 8,042

Sport Shoes (Adidas, Nike)

$177 ISK 21.5K

Men's Leather Business Shoes

$191 ISK 23.2K

1-bedroom Apartment, City Center (Monthly)

$1,875 ISK 228.3K

1-bedroom Apartment, Outside City Center (Monthly)

$1,340 ISK 163.2K

3-bedroom Apartment, City Center (Monthly)

$2,501 ISK 304.7K

3-bedroom Apartment, Outside City Center (Monthly)

$2,096 ISK 255.3K

Average Monthly Net Salary (After Tax)

$3,786 ISK 461.1K

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 Keflavik: 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

Keflavik vs Egilsstadir: Cost of Living - Frequently Asked Questions

Egilsstadir is cheaper overall, especially in Eating Out, Clothing & Footwear, Sport & Entertainment, Monthly Utilities & Internet, Getting Around. The 386% gap adds up to real monthly savings that compound significantly over time.

You'd need roughly $4,603 in Keflavik 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.

Shoppers in Keflavik pay roughly 9% less for everyday groceries. It's an unusual reversal that partly offsets higher costs elsewhere.

All in, you'll spend $3,069 per month in Keflavik versus $632 in Egilsstadir – a 386% gap that adds up to real savings over time for anyone picking the cheaper option.

At $632 in Egilsstadir versus $3,069 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 386% less than in Keflavik. Beyond cost, consider language, visa policies, and how big the international community is in each city.