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Cost of Living in Egilsstadir, Iceland

By Joshua Wood, LPC

Last updated on Jul 15, 2023

Summary: What is the cost of living in Egilsstadir, Iceland? Hear what expats, digital nomads and retirees living in Egilsstadir have to say about the cost of housing, health insurance and general living costs.

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Is the cost of living in Egilsstadir high?

We asked people how much they someone comfortably live on in Egilsstadir, they wrote:

"The cost of living in Egilsstadir is relatively high compared to other parts of the world. This is largely due to the fact that most goods have to be imported, which increases their price. Housing is one of the biggest expenses, with rent for a one-bedroom apartment in the city center being quite costly. Utilities, including electricity, heating, cooling, water, and garbage, are also a significant expense. Groceries in Egilsstadir are expensive as well, with basic items such as bread, milk, and eggs costing more than in many other countries. Eating out is also pricey, with a meal at an inexpensive restaurant costing more than one might expect. Transportation costs can also add up, with gasoline prices being high. However, public transportation is available and is a more affordable option. Despite these high costs, salaries in Egilsstadir, and Iceland in general, are also higher than the global average, which helps to offset the high cost of living. Additionally, the quality of life in Egilsstadir is very high, with excellent healthcare, education, and social services," said one expat in Egilsstadir.

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Will I save money living in Egilsstadir?

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About the Author

Joshua Wood Joshua Wood, LPC joined Expat Exchange in 2000 and serves as one of its Co-Presidents. He is also one of the Founders of Digital Nomad Exchange. Prior to Expat Exchange, Joshua worked for NBC Cable (MSNBC and CNBC Primetime). Joshua has a BA from Syracuse and a Master's in Clinical and Counseling Psychology from Fairleigh Dickinson University. Mr. Wood is also a licensed counselor and psychotherapist.

Some of Joshua's articles include Pros and Cons of Living in Portugal, 10 Best Places to Live in Ireland and Pros and Cons of Living in Uruguay. Connect with Joshua on LinkedIn.

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