Cost of Living Comparison Between Reykjavik and Egilsstadir Cost of Living Comparison Between Reykjavik and Egilsstadir

😐 Solo nomad: Reykjavik is 168% more expensive than Egilsstadir without rent, and 542.2% more expensive with rent.

😐 Family of 3: Reykjavik is 215.1% more expensive than Egilsstadir without rent, and 416.1% more expensive with rent.

Meal at Budget Restaurant

$27.22 ISK 3,339

Three-Course Dinner for Two, Mid-Range

$145 ISK 17.8K

Fast Food Meal (McDonalds, etc)

$22.41 ISK 2,749

Cappuccino

$5.94 ISK 729

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

$3.26 ISK 400

Water (0.33 liter bottle)

$2.54 ISK 312

Local Beer (0.5 liter draught)

$12.83 ISK 1,575

Imported Beer (0.33 liter bottle)

$11.46 ISK 1,406

Milk (1 liter)

$1.88 ISK 231

$1.62 ISK 199

16.05%

White Bread (500g)

$4.33 ISK 531

$2.76 ISK 339

56.88%

Rice (white) (1kg)

$3.57 ISK 438

$2.37 ISK 290

50.63%

Eggs

$6.56 ISK 805

$5.63 ISK 691

16.52%

Local Cheese (1kg)

$18.18 ISK 2,231

$21.50 ISK 2,638

-15.44%

Chicken Fillets (1kg)

$24.52 ISK 3,008

$31.23 ISK 3,831

-21.49%

Beef Round Steak (1kg)

$42.03 ISK 5,157

$43.50 ISK 5,337

-3.38%

Apples (1kg)

$3.20 ISK 392

$2.60 ISK 319

23.08%

Banana (1kg)

$2.42 ISK 297

$2.47 ISK 303

-2.02%

Oranges (1kg)

$3.06 ISK 376

$2.43 ISK 298

25.93%

Tomato (1kg)

$4.86 ISK 597

$3.73 ISK 457

30.29%

Potato (1kg)

$3.66 ISK 449

$4.26 ISK 523

-14.08%

Onion (1kg)

$2.34 ISK 287

$2.02 ISK 248

15.84%

Lettuce (1 head)

$3.14 ISK 385

$2.18 ISK 268

44.04%

Water (1.5 liter bottle)

$2.02 ISK 248

$2.15 ISK 264

-6.05%

Cigarettes 20 Pack (Marlboro, Camel)

$13.91 ISK 1,707

Wine (Bottle)

$23.74 ISK 2,913

$21.73 ISK 2,666

9.25%

Local Beer (0.5 liter bottle)

$3.69 ISK 453

$3.80 ISK 466

-2.89%

Imported Beer (0.33 liter bottle)

$3.23 ISK 396

$3.46 ISK 425

-6.65%

One-way Ticket (Public Transport)

$5.29 ISK 649

Public Transport Monthly Pass (Regular Price)

$88.2 ISK 10.8K

Taxi Start (Normal Tariff)

$6.54 ISK 802

Taxi (Normal Tariff) (1km)

$2.60 ISK 319

Taxi 1hour Waiting (Normal Tariff)

$85.8 ISK 10.5K

Gasoline (1 liter)

$2.51 ISK 309

$2.52 ISK 309

-0.40%

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

$47.1K ISK 5.8M

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

$52.6K ISK 6.4M

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

$89.2 ISK 10.9K

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

$27.07 ISK 3,321

Internet (50+ Mbps, Unlimited Data)

$84.2 ISK 10.3K

Gym Membership (Monthly)

$84.0 ISK 10.3K

Tennis Court (1 Hour on Weekend)

$38.09 ISK 4,673

Cinema Ticket

$17.42 ISK 2,138

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

$324 ISK 39.7K

International Primary School, 1 Child (Yearly)

$30.5K ISK 3.7M

Jeans (Levis 501 Or Similar)

$141 ISK 17.4K

Summer Dress (H&M, Zara, etc)

$62.6 ISK 7,684

Sport Shoes (Adidas, Nike)

$183 ISK 22.5K

Men's Leather Business Shoes

$268 ISK 32.9K

1-bedroom Apartment, City Center (Monthly)

$2,197 ISK 269.5K

1-bedroom Apartment, Outside City Center (Monthly)

$2,053 ISK 251.9K

3-bedroom Apartment, City Center (Monthly)

$3,159 ISK 387.5K

3-bedroom Apartment, Outside City Center (Monthly)

$2,728 ISK 334.7K

Buy Apartment in City Center (m2)

$7,833 ISK 961.0K

Buy Apartment Outside City Center (m2)

$6,268 ISK 769.1K

Average Monthly Net Salary (After Tax)

$4,471 ISK 548.6K

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 Reykjavik: March 3, 2026

Last update for Egilsstadir: March 3, 2026

City Median Internet Speeds Comparison (Updated December 2025)

The chart highlights the Precision Threshold for mobile and fixed broadband internet speeds, updated quarterly.

Digital Nomad Cost of Living Index

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