Cost of living in Egilsstadir
Egilsstadir, a charming town in Iceland, offers a unique lifestyle amidst stunning natural landscapes. Understanding the cost of living here is crucial for anyone considering relocation or planning an extended stay.
This guide provides a detailed breakdown of expenses in Egilsstadir, covering essential categories such as groceries, transportation, and more, to help you budget effectively.
Cost of Living Summary
Dining and Restaurants
- Bottle of Wine (Mid-Range) - A mid-range bottle of wine costs approximately $19.55.
- Domestic Beer (0.5 liter bottle) - A domestic beer costs around $3.4 per 0.5 liter bottle.
- Imported Beer (0.33 liter bottle) - An imported beer is priced at $3.03 per 0.33 liter bottle.
Grocery Prices
- Milk - Milk is priced between $1.48 and $1.51 per liter, averaging $1.5.
- Bread (Loaf of Fresh White Bread) - A loaf of fresh white bread costs approximately $2.52.
- Eggs (Dozen) - A dozen eggs are priced at $5.12.
- Local Cheese (1kg) - Local cheese costs around $19.35 per kg.
- Water (1.5 liter bottle) - A 1.5 liter bottle of water is priced at $1.96.
- Chicken Fillets (1kg) - Chicken fillets cost $28.52 per kg.
- Apples (1kg) - Apples are priced at $2.39 per kg.
- Oranges (1kg) - Oranges cost $2.17 per kg.
- Potato (1kg) - Potatoes are priced at $3.9 per kg.
- Lettuce (1 head) - A head of lettuce costs $1.93.
- Rice (1kg) - Rice is priced at $2.14 per kg.
- Tomato (1kg) - Tomatoes cost $3.32 per kg.
- Banana (1kg) - Bananas are priced at $2.17 per kg.
- Onion (1kg) - Onions cost $1.87 per kg.
- Beef Round (1kg) - Beef round is priced at $38.52 per kg.
Transportation
- Gasoline (1 liter) - Gasoline is priced between $2.32 and $2.33 per liter.
Cost of Living Rankings
The cost of living indices for Iceland are compared to New York City (NYC), which serves as the baseline with an index of 100. These provide insights into the relative cost of living in different cities in Iceland, covering factors like consumer goods, rent, and purchasing power.
Cost of Living Data
Markets
Markets
Transportation
Transportation
Salaries And Financing
Salaries And Financing
"Key Takeaways"
Egilsstadir offers a relatively high cost of living, particularly in terms of grocery prices and gasoline costs.
While dining options are limited, the cost of beverages such as wine and beer is moderate.
Transportation costs are primarily driven by gasoline prices, as public transport options are not detailed.
Conclusion
In conclusion, living in Egilsstadir, Iceland, requires careful budgeting, especially for groceries and transportation.
Potential residents should consider the high cost of essential items and plan accordingly to manage their expenses effectively.