Cost of Living Comparison Between Phuket and Egilsstadir Cost of Living Comparison Between Phuket and Egilsstadir

Monthly Cost of Living

Monthly costs for one person with rent: $1,243 in Phuket versus $640 in Egilsstadir.

Estimated couple costs with rent: $2,023 in Phuket versus $1,042 in Egilsstadir.

Monthly costs for a family of three with rent: $2,803 in Phuket versus $1,444 in Egilsstadir.

Living in Phuket is roughly 94% more expensive than in Egilsstadir, driven mainly by Groceries & Markets.

Both cities sit below the global median: Phuket 8% lower, Egilsstadir 53% lower.

Meal at Budget Restaurant

$4.37 ฿147

Three-Course Dinner for Two, Mid-Range

$32.87 ฿1,103

Fast Food Meal (McDonalds, etc)

$8.39 ฿282

Cappuccino

$2.73 ฿91.8

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

$0.88 ฿29.59

Water (0.33 liter bottle)

$0.47 ฿15.92

Local Beer (0.5 liter draught)

$2.36 ฿79.1

Imported Beer (0.33 liter bottle)

$3.71 ฿124

Milk (1 liter)

$1.83 ฿61.5

$1.75 ISK 214

4.57%

White Bread (500g)

$1.45 ฿48.58

$2.96 ISK 360

-51.01%

Rice (white) (1kg)

$1.58 ฿52.9

$2.41 ISK 294

-34.44%

Eggs

$2.10 ฿70.4

$5.79 ISK 704

-63.73%

Local Cheese (1kg)

$19.37 ฿650

$22.59 ISK 2,749

-14.25%

Chicken Fillets (1kg)

$3.42 ฿115

$32.98 ISK 4,014

-89.63%

Beef Round Steak (1kg)

$10.96 ฿368

$43.91 ISK 5,344

-75.04%

Apples (1kg)

$3.00 ฿101

$2.81 ISK 342

6.76%

Banana (1kg)

$1.64 ฿54.9

$2.44 ISK 297

-32.79%

Oranges (1kg)

$2.21 ฿74.1

$2.46 ISK 299

-10.16%

Tomato (1kg)

$2.12 ฿71.2

$3.86 ISK 469

-45.08%

Potato (1kg)

$1.47 ฿49.34

$4.41 ISK 536

-66.67%

Onion (1kg)

$1.32 ฿44.37

$2.20 ISK 268

-40.00%

Lettuce (1 head)

$1.07 ฿35.93

$2.15 ISK 261

-50.23%

Water (1.5 liter bottle)

$0.52 ฿17.61

$2.19 ISK 267

-76.26%

Cigarettes 20 Pack (Marlboro, Camel)

$4.38 ฿147

Wine (Bottle)

$18.59 ฿624

$22.85 ISK 2,781

-18.64%

Local Beer (0.5 liter bottle)

$1.75 ฿58.6

$3.87 ISK 472

-54.78%

Imported Beer (0.33 liter bottle)

$2.86 ฿95.8

$3.53 ISK 430

-18.98%

One-way Ticket (Public Transport)

$2.26 ฿76.0

Public Transport Monthly Pass (Regular Price)

$22.98 ฿771

Taxi Start (Normal Tariff)

$2.94 ฿98.7

$6.06 ISK 738

-51.49%

Taxi (Normal Tariff) (1km)

$1.07 ฿35.84

Taxi 1hour Waiting (Normal Tariff)

$3.84 ฿129

Gasoline (1 liter)

$1.46 ฿48.96

$2.44 ISK 298

-40.16%

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

$27.2K ฿912.2K

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

$26.6K ฿893.5K

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

$102 ฿3,420

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

$10.96 ฿368

Internet (50+ Mbps, Unlimited Data)

$16.89 ฿567

Gym Membership (Monthly)

$52.4 ฿1,758

Tennis Court (1 Hour on Weekend)

$10.93 ฿367

Cinema Ticket

$7.52 ฿252

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

$547 ฿18.3K

International Primary School, 1 Child (Yearly)

$11.3K ฿379.5K

Jeans (Levis 501 Or Similar)

$63.2 ฿2,122

Summer Dress (H&M, Zara, etc)

$29.23 ฿981

Sport Shoes (Adidas, Nike)

$97.8 ฿3,282

Men's Leather Business Shoes

$86.7 ฿2,909

1-bedroom Apartment, City Center (Monthly)

$721 ฿24.2K

1-bedroom Apartment, Outside City Center (Monthly)

$476 ฿16.0K

3-bedroom Apartment, City Center (Monthly)

$2,081 ฿69.8K

3-bedroom Apartment, Outside City Center (Monthly)

$1,194 ฿40.1K

Buy Apartment in City Center (m2)

$3,577 ฿120.0K

Buy Apartment Outside City Center (m2)

$2,541 ฿85.3K

Average Monthly Net Salary (After Tax)

$489 ฿16.4K

20-Year Fixed Mortgage Interest Rate (Annual %)

5.57

CityCost data is based on AI and user input – minor inaccuracies may occur.

Last update for Phuket: September 28, 2026

Last update for Egilsstadir: September 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

Phuket vs Egilsstadir: Cost of Living - Frequently Asked Questions

Egilsstadir is cheaper overall, especially in Clothing & Footwear, Eating Out, Sport & Entertainment, Getting Around, Monthly Utilities & Internet. The 94% gap adds up to real monthly savings that compound significantly over time.

You'd need roughly $1,865 in Phuket and $960 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 Phuket pay roughly 133% less for everyday groceries. It's an unusual reversal that partly offsets higher costs elsewhere.

All in, you'll spend $1,243 per month in Phuket versus $640 in Egilsstadir – a 94% gap that adds up to real savings over time for anyone picking the cheaper option.

At $640 in Egilsstadir versus $1,243 in Phuket, a $1,500 budget is realistic in Egilsstadir but tight or insufficient in Phuket. The gap between the two cities makes Egilsstadir the clear choice for anyone on this budget.

For families, Egilsstadir is more practical. Housing and childcare are both notably cheaper than in Phuket, and the savings on those two alone free up budget for education, activities, and family trips.

Safety-wise, Phuket 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 94% less than in Phuket. Beyond cost, consider language, visa policies, and how big the international community is in each city.