Cost of Living Comparison Between Bakkafjordur and Lisbon Cost of Living Comparison Between Bakkafjordur and Lisbon

🙂 Solo nomad: Bakkafjordur is 70.6% cheaper than Lisbon without rent, and 89.3% cheaper with rent.

🙂 Family of 3: Bakkafjordur is 73.2% cheaper than Lisbon without rent, and 86.4% cheaper with rent.

Meal at Budget Restaurant

$15.92 €13.67

Three-Course Dinner for Two, Mid-Range

$64.5 €55.4

Fast Food Meal (McDonalds, etc)

$10.54 €9.06

Cappuccino

$2.91 €2.50

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

$2.30 €1.97

Water (0.33 liter bottle)

$1.57 €1.35

Local Beer (0.5 liter draught)

$3.44 €2.96

Imported Beer (0.33 liter bottle)

$3.87 €3.32

Milk (1 liter)

$1.14 €0.98

White Bread (500g)

$2.26 ISK 280

$1.79 €1.54

26.26%

Rice (white) (1kg)

$2.18 ISK 271

$1.75 €1.50

24.57%

Eggs

$4.94 ISK 613

$3.23 €2.78

52.94%

Local Cheese (1kg)

$8.72 ISK 1,084

$13.22 €11.36

-34.04%

Chicken Fillets (1kg)

$11.03 ISK 1,371

$8.03 €6.89

37.36%

Beef Round Steak (1kg)

$11.16 ISK 1,387

$16.00 €13.74

-30.25%

Apples (1kg)

$2.26 ISK 281

$2.33 €2.00

-3.00%

Banana (1kg)

$2.24 ISK 279

$1.65 €1.42

35.76%

Oranges (1kg)

$2.18 ISK 271

$1.94 €1.67

12.37%

Tomato (1kg)

$2.14 ISK 266

$2.44 €2.09

-12.30%

Potato (1kg)

$2.24 ISK 279

$1.83 €1.57

22.40%

Onion (1kg)

$2.14 ISK 266

$2.08 €1.79

2.88%

Lettuce (1 head)

$0.99 ISK 123

$2.00 €1.72

-50.50%

Water (1.5 liter bottle)

$2.02 ISK 250

$0.80 €0.69

152.50%

Cigarettes 20 Pack (Marlboro, Camel)

$6.74 €5.79

Wine (Bottle)

$5.80 €4.98

Local Beer (0.5 liter bottle)

$1.34 €1.15

Imported Beer (0.33 liter bottle)

$3.01 €2.59

One-way Ticket (Public Transport)

$2.37 €2.03

Public Transport Monthly Pass (Regular Price)

$46.20 €39.69

Taxi Start (Normal Tariff)

$4.07 €3.50

Taxi (Normal Tariff) (1km)

$0.87 €0.75

Taxi 1hour Waiting (Normal Tariff)

$18.58 €15.96

Gasoline (1 liter)

$2.09 €1.79

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

$34.8K €29.9K

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

$38.8K €33.3K

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

$150 €129

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

$20.62 €17.71

Internet (50+ Mbps, Unlimited Data)

$40.09 €34.44

Gym Membership (Monthly)

$47.85 €41.10

Tennis Court (1 Hour on Weekend)

$18.37 €15.78

Cinema Ticket

$9.32 €8.00

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

$615 €528

International Primary School, 1 Child (Yearly)

$16.4K €14.1K

Jeans (Levis 501 Or Similar)

$104 €89.5

Summer Dress (H&M, Zara, etc)

$41.10 €35.30

Sport Shoes (Adidas, Nike)

$95.3 €81.9

Men's Leather Business Shoes

$120 €103

1-bedroom Apartment, City Center (Monthly)

$1,630 €1,400

1-bedroom Apartment, Outside City Center (Monthly)

$1,229 €1,056

3-bedroom Apartment, City Center (Monthly)

$3,018 €2,592

3-bedroom Apartment, Outside City Center (Monthly)

$2,004 €1,722

Buy Apartment in City Center (m2)

$7,872 €6,762

Buy Apartment Outside City Center (m2)

$4,319 €3,710

Average Monthly Net Salary (After Tax)

$5,875 ISK 730.1K

$1,611 €1,384

264.70%

20-Year Fixed Mortgage Interest Rate (Annual %)

3.81

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

Last update for Bakkafjordur: March 2, 2026

Last update for Lisbon: March 1, 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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