Last update: Oct 2026

Cost of Living Comparison Between Selfoss and Egilsstadir

For one person, living is cheaper in Egilsstadir: $620 a month against $3,423 in Selfoss, rent and utilities included – about $33,600 less a year. Rent and utilities account for most of the difference.

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Selfoss

🇮🇸 Iceland

$3,423

/mo nomad

Egilsstadir

🇮🇸 Iceland

$620

/mo nomad

Monthly Cost of Living

How much you'll spend in Selfoss and in Egilsstadir

Real prices from locals and on-the-ground checks – rent, groceries, transit and the daily extras. Here's what a month in Selfoss and in Egilsstadir actually costs, broken down by who's living it.

Monthly costs for one person with rent: $3,423 in Selfoss versus $620 in Egilsstadir.

Selfoss $3,423
Egilsstadir $620

Estimated couple costs with rent: $2,440 in Selfoss versus $1,032 in Egilsstadir.

Selfoss $2,440
Egilsstadir $1,032

Monthly costs for a family of three with rent: $1,458 in Selfoss versus $1,444 in Egilsstadir.

Selfoss $1,458
Egilsstadir $1,444

Living in Selfoss is roughly 452% more expensive than in Egilsstadir, and outside of rent the biggest gap is in eating out.

The two cities straddle the global median: Selfoss is 154% above, Egilsstadir is 54% below.

Fast Food Meal (McDonalds, etc)

$20.48 ISK 2,484

Local Beer (0.5 liter draught)

$12.21 ISK 1,481

Milk (1 liter)

$1.76 ISK 213

$1.72 ISK 209

2.33%

White Bread (500g)

$7.60 ISK 922

$2.92 ISK 354

160.27%

Rice (white) (1kg)

$4.49 ISK 544

$2.45 ISK 297

83.27%

Eggs

$6.43 ISK 780

$5.67 ISK 688

13.40%

Local Cheese (1kg)

$17.36 ISK 2,105

$21.51 ISK 2,609

-19.29%

Chicken Fillets (1kg)

$21.64 ISK 2,624

$32.22 ISK 3,908

-32.84%

Beef Round Steak (1kg)

$33.84 ISK 4,105

$43.27 ISK 5,249

-21.79%

Apples (1kg)

$2.70 ISK 327

$2.64 ISK 320

2.27%

Banana (1kg)

$2.60 ISK 316

$2.49 ISK 302

4.42%

Oranges (1kg)

$2.64 ISK 320

$2.44 ISK 296

8.20%

Tomato (1kg)

$7.07 ISK 857

$3.85 ISK 467

83.64%

Potato (1kg)

$3.27 ISK 396

$4.54 ISK 551

-27.97%

Onion (1kg)

$2.18 ISK 265

$2.05 ISK 248

6.34%

Lettuce (1 head)

$3.58 ISK 435

$2.13 ISK 258

68.08%

Water (1.5 liter bottle)

$1.37 ISK 166

$2.18 ISK 264

-37.16%

Cigarettes 20 Pack (Marlboro, Camel)

$15.69 ISK 1,903

Wine (Bottle)

$22.05 ISK 2,674

Local Beer (0.5 liter bottle)

$3.75 ISK 455

Imported Beer (0.33 liter bottle)

$1.16 ISK 141

$3.47 ISK 420

-66.57%

Taxi Start (Normal Tariff)

$5.99 ISK 727

Gasoline (1 liter)

$2.34 ISK 284

1-bedroom Apartment, Outside City Center (Monthly)

$2,779 ISK 337.1K

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

Last update for Selfoss: October 11, 2026

Last update for Egilsstadir: October 12, 2026

Good to know

🇮🇸 Selfoss

🇮🇸 Egilsstadir

🕒 Local time

21:56 9:56 PM

Same time as Selfoss

🌤 Weather

👥 Population

9,000

2,500

💱 Currency

Icelandic Króna ISK kr

📈 Exchange rate

1,000 ISK = 8.24 USD

1,000 ISK = 7.33 EUR

1,000 ISK = 8.24 USD

1,000 ISK = 7.33 EUR

Exchange rates and currency converter

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Selfoss Egilsstadir 350 km

From you

Selfoss
Egilsstadir

Distances are measured in a straight line. Your location is detected approximately.

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

Selfoss vs Egilsstadir: Cost of Living - Frequently Asked Questions

Egilsstadir is cheaper overall, especially in eating out. The 452% gap adds up to real monthly savings that compound significantly over time.

You'd need roughly $5,135 in Selfoss and $929 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 Selfoss pay roughly 18% less for everyday groceries. It's an unusual reversal that partly offsets higher costs elsewhere.

All in, you'll spend $3,423 per month in Selfoss versus $620 in Egilsstadir – a 452% gap that adds up to real savings over time for anyone picking the cheaper option.

Either city works on $1,000 a month, though Egilsstadir gives you more room to save. At this income level, the choice is more about lifestyle than financial pressure.

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, Selfoss 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 452% less than in Selfoss. Beyond cost, consider language, visa policies, and how big the international community is in each city.