Last update: Oct 2026

Cost of Living Comparison Between Selfoss and Hafnarfjordur

For one person, living is cheaper in Selfoss: $3,416 a month against $3,853 in Hafnarfjordur, rent and utilities included – about $5,200 less a year. The total is higher in Hafnarfjordur despite lower rent and utilities.

184

Cost of Living Index in Hafnarfjordur
Learn more

Hafnarfjordur Living Index

Jump to prices

Selfoss

🇮🇸 Iceland

$3,416

/mo nomad

Hafnarfjordur

🇮🇸 Iceland

$3,853

/mo nomad

Monthly Cost of Living

How much you'll spend in Selfoss and in Hafnarfjordur

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 Hafnarfjordur actually costs, broken down by who's living it.

A single person spends $3,416 per month in Selfoss vs $3,853 in Hafnarfjordur, rent included.

Selfoss $3,416
Hafnarfjordur $3,853

A couple spends around $2,439 per month in Selfoss vs $5,410 in Hafnarfjordur, rent included.

Selfoss $2,439
Hafnarfjordur $5,410

A family of three spends $1,461 per month in Selfoss vs $6,967 in Hafnarfjordur, rent included.

Selfoss $1,461
Hafnarfjordur $6,967

Selfoss is about 11% cheaper than Hafnarfjordur, and outside of rent the biggest gap is in eating out.

Both Selfoss and Hafnarfjordur sit above the global median – Selfoss by 151%, Hafnarfjordur by 183%.

Meal at Budget Restaurant

$31.04 ISK 3,768

Three-Course Dinner for Two, Mid-Range

$125 ISK 15.1K

Fast Food Meal (McDonalds, etc)

$20.39 ISK 2,475

$16.40 ISK 1,991

24.33%

Cappuccino

$6.71 ISK 814

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

$3.33 ISK 405

Water (0.33 liter bottle)

$3.14 ISK 382

Local Beer (0.5 liter draught)

$12.18 ISK 1,478

$14.02 ISK 1,703

-13.12%

Imported Beer (0.33 liter bottle)

$12.11 ISK 1,470

Milk (1 liter)

$1.77 ISK 215

$1.67 ISK 203

5.99%

White Bread (500g)

$7.65 ISK 929

$4.21 ISK 511

81.71%

Rice (white) (1kg)

$4.55 ISK 552

$3.71 ISK 450

22.64%

Eggs

$6.49 ISK 787

$7.26 ISK 881

-10.61%

Local Cheese (1kg)

$17.25 ISK 2,094

$21.51 ISK 2,611

-19.80%

Chicken Fillets (1kg)

$21.56 ISK 2,617

$24.40 ISK 2,962

-11.64%

Beef Round Steak (1kg)

$33.60 ISK 4,078

$41.76 ISK 5,070

-19.54%

Apples (1kg)

$2.83 ISK 343

$3.24 ISK 394

-12.65%

Banana (1kg)

$2.70 ISK 328

$2.48 ISK 301

8.87%

Oranges (1kg)

$2.72 ISK 330

$3.19 ISK 388

-14.73%

Tomato (1kg)

$7.25 ISK 880

$6.41 ISK 779

13.10%

Potato (1kg)

$3.24 ISK 394

$3.93 ISK 477

-17.56%

Onion (1kg)

$2.07 ISK 252

$1.64 ISK 200

26.22%

Lettuce (1 head)

$3.70 ISK 449

$3.69 ISK 448

0.27%

Water (1.5 liter bottle)

$1.34 ISK 163

$1.82 ISK 221

-26.37%

Cigarettes 20 Pack (Marlboro, Camel)

$15.61 ISK 1,895

$14.04 ISK 1,705

11.18%

Wine (Bottle)

$24.05 ISK 2,920

Local Beer (0.5 liter bottle)

$3.53 ISK 428

Imported Beer (0.33 liter bottle)

$1.15 ISK 140

$3.38 ISK 411

-65.98%

One-way Ticket (Public Transport)

$5.10 ISK 620

Public Transport Monthly Pass (Regular Price)

$85.0 ISK 10.3K

Taxi Start (Normal Tariff)

$6.92 ISK 840

Taxi (Normal Tariff) (1km)

$2.84 ISK 345

Taxi 1hour Waiting (Normal Tariff)

$80.8 ISK 9,811

Gasoline (1 liter)

$2.00 ISK 243

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

$68.7K ISK 8.3M

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

$55.8K ISK 6.8M

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

$69.4 ISK 8,419

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

$32.65 ISK 3,964

Internet (50+ Mbps, Unlimited Data)

$85.0 ISK 10.3K

Gym Membership (Monthly)

$65.1 ISK 7,900

Cinema Ticket

$17.08 ISK 2,073

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

$1,172 ISK 142.3K

International Primary School, 1 Child (Yearly)

$25.9K ISK 3.1M

Jeans (Levis 501 Or Similar)

$125 ISK 15.1K

Summer Dress (H&M, Zara, etc)

$67.1 ISK 8,150

Sport Shoes (Adidas, Nike)

$124 ISK 15.1K

Men's Leather Business Shoes

$246 ISK 29.9K

1-bedroom Apartment, City Center (Monthly)

$2,496 ISK 303.1K

1-bedroom Apartment, Outside City Center (Monthly)

$2,771 ISK 336.4K

$2,075 ISK 251.8K

33.56%

3-bedroom Apartment, City Center (Monthly)

$3,232 ISK 392.3K

3-bedroom Apartment, Outside City Center (Monthly)

$2,670 ISK 324.2K

Buy Apartment in City Center (m2)

$7,011 ISK 851.1K

Buy Apartment Outside City Center (m2)

$7,014 ISK 851.6K

Average Monthly Net Salary (After Tax)

$4,674 ISK 567.4K

20-Year Fixed Mortgage Interest Rate (Annual %)

8.81

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

Last update for Selfoss: October 25, 2026

Last update for Hafnarfjordur: October 24, 2026

Monthly budget structure

Share of the monthly basket for one person, rent included.

Accommodation & Living

Selfoss

–

Hafnarfjordur

$2.1K 53.8%

Groceries & Markets

Selfoss

–

Hafnarfjordur

$615 16%

Eating Out

Selfoss

–

Hafnarfjordur

$498 12.9%

Clothing & Footwear

Selfoss

–

Hafnarfjordur

$253 6.6%

Monthly Utilities & Internet

Selfoss

–

Hafnarfjordur

$187 4.9%

Getting Around

Selfoss

–

Hafnarfjordur

$127 3.3%

Sport & Entertainment

Selfoss

–

Hafnarfjordur

$99 2.6%

Good to know

🇮🇸 Selfoss

🇮🇸 Hafnarfjordur

🕒 Local time

05:20 5:20 AM

Same time as Selfoss

🌤 Weather

👥 Population

9,000

31,525

💱 Currency

Icelandic Króna ISK kr

📈 Exchange rate

1,000 ISK = 8.24 USD

1,000 ISK = 7.38 EUR

1,000 ISK = 8.24 USD

1,000 ISK = 7.38 EUR

Exchange rates and currency converter

On the map

Lowest

Highest

Between locations

Selfoss Hafnarfjordur 49 km

From you

Selfoss
Hafnarfjordur

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 Hafnarfjordur: Cost of Living - Frequently Asked Questions

Hafnarfjordur costs about 13% more than Selfoss, and outside of rent the gap comes mainly from eating out. That’s enough to noticeably affect everyday spending and lifestyle for anyone choosing between the two.

For a comfortable life, plan on about $5,124 per month in Selfoss and $5,780 in Hafnarfjordur. That covers rent, food, utilities, transport, and enough left over to feel settled – not just surviving.

Monthly expenses with rent come to $3,416 in Selfoss and $3,853 in Hafnarfjordur. That makes Selfoss about 11% cheaper.

Groceries cost about 17% more in Hafnarfjordur, though the gap depends on what you buy.

$3,000 is a stretch for both – monthly costs hit $3,416 in Selfoss and $3,853 in Hafnarfjordur. You’ll need shared housing and careful budgeting no matter which city you pick.

It depends on your priorities. Hafnarfjordur has an edge in some lifestyle areas, with costs from $3,416 in Selfoss to $3,853 in Hafnarfjordur. Climate, culture, job market, and personal taste all factor in.

Both cities have a reputation for safety. In either place, the choice of neighborhood matters more than the choice between the two cities.