Cost of Living Comparison Between Grundarfjordur and Lisbon Cost of Living Comparison Between Grundarfjordur and Lisbon

Monthly Cost of Living

Monthly costs for one person with rent: $1,614 in Grundarfjordur versus $2,210 in Lisbon.

Estimated couple costs with rent: $2,816 in Grundarfjordur versus $3,289 in Lisbon.

Monthly costs for a family of three with rent: $4,017 in Grundarfjordur versus $4,369 in Lisbon.

Living in Grundarfjordur costs roughly 27% less than in Lisbon, driven mainly by Groceries & Markets.

Both cities are pricier than the global median: Grundarfjordur 21% above, Lisbon 65% above.

Meal at Budget Restaurant

$26.89 ISK 3,379

$15.71 €13.81

71.16%

Three-Course Dinner for Two, Mid-Range

$144 ISK 18.1K

$62.9 €55.3

129.00%

Fast Food Meal (McDonalds, etc)

$22.15 ISK 2,783

$10.53 €9.26

110.35%

Cappuccino

$6.23 ISK 783

$2.88 €2.54

116.32%

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

$3.29 ISK 414

$2.25 €1.98

46.22%

Water (0.33 liter bottle)

$2.62 ISK 330

$1.56 €1.37

67.95%

Local Beer (0.5 liter draught)

$13.04 ISK 1,639

$3.39 €2.98

284.66%

Imported Beer (0.33 liter bottle)

$11.38 ISK 1,430

$3.90 €3.43

191.79%

Milk (1 liter)

$1.89 ISK 238

$1.08 €0.95

75.00%

White Bread (500g)

$4.24 ISK 533

$1.73 €1.52

145.09%

Rice (white) (1kg)

$3.68 ISK 462

$1.76 €1.55

109.09%

Eggs

$6.27 ISK 787

$3.16 €2.78

98.42%

Local Cheese (1kg)

$18.35 ISK 2,306

$13.29 €11.68

38.07%

Chicken Fillets (1kg)

$24.33 ISK 3,057

$7.87 €6.92

209.15%

Beef Round Steak (1kg)

$42.94 ISK 5,395

$15.84 €13.92

171.09%

Apples (1kg)

$3.34 ISK 420

$2.40 €2.11

39.17%

Banana (1kg)

$2.54 ISK 319

$1.70 €1.50

49.41%

Oranges (1kg)

$2.97 ISK 373

$2.03 €1.78

46.31%

Tomato (1kg)

$4.86 ISK 611

$2.52 €2.21

92.86%

Potato (1kg)

$3.69 ISK 463

$1.86 €1.63

98.39%

Onion (1kg)

$2.36 ISK 296

$2.06 €1.81

14.56%

Lettuce (1 head)

$3.09 ISK 389

$2.00 €1.76

54.50%

Water (1.5 liter bottle)

$1.99 ISK 250

$0.78 €0.69

155.13%

Cigarettes 20 Pack (Marlboro, Camel)

$13.44 ISK 1,688

$6.65 €5.84

102.11%

Wine (Bottle)

$23.19 ISK 2,914

$5.78 €5.08

301.21%

Local Beer (0.5 liter bottle)

$3.74 ISK 471

$1.38 €1.22

171.01%

Imported Beer (0.33 liter bottle)

$3.23 ISK 406

$3.02 €2.65

6.95%

One-way Ticket (Public Transport)

$2.33 €2.05

Public Transport Monthly Pass (Regular Price)

$45.45 €39.96

Taxi Start (Normal Tariff)

$6.47 ISK 813

$4.08 €3.58

58.58%

Taxi (Normal Tariff) (1km)

$2.56 ISK 321

$0.80 €0.70

220.00%

Taxi 1hour Waiting (Normal Tariff)

$85.6 ISK 10.8K

$18.65 €16.39

358.87%

Gasoline (1 liter)

$2.46 ISK 309

$2.00 €1.76

23.00%

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

$47.8K ISK 6.0M

$35.4K €31.1K

35.22%

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

$52.0K ISK 6.5M

$39.1K €34.3K

33.14%

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

$89.5 ISK 11.2K

$150 €132

-40.41%

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

$27.25 ISK 3,424

$20.55 €18.07

32.60%

Internet (50+ Mbps, Unlimited Data)

$85.8 ISK 10.8K

$39.45 €34.68

117.54%

Gym Membership (Monthly)

$48.06 €42.25

Tennis Court (1 Hour on Weekend)

$18.70 €16.44

Cinema Ticket

$17.39 ISK 2,185

$9.30 €8.18

86.99%

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

$322 ISK 40.5K

$628 €552

-48.73%

International Primary School, 1 Child (Yearly)

$30.3K ISK 3.8M

$16.5K €14.5K

84.46%

Jeans (Levis 501 Or Similar)

$137 ISK 17.2K

$102 €89.3

34.87%

Summer Dress (H&M, Zara, etc)

$60.8 ISK 7,642

$41.55 €36.52

46.38%

Sport Shoes (Adidas, Nike)

$183 ISK 23.0K

$92.5 €81.3

97.77%

Men's Leather Business Shoes

$268 ISK 33.7K

$123 €108

118.56%

1-bedroom Apartment, City Center (Monthly)

$1,628 €1,431

1-bedroom Apartment, Outside City Center (Monthly)

$1,233 €1,084

3-bedroom Apartment, City Center (Monthly)

$3,126 €2,748

3-bedroom Apartment, Outside City Center (Monthly)

$2,058 €1,809

Buy Apartment in City Center (m2)

$7,762 €6,824

Buy Apartment Outside City Center (m2)

$1,122 ISK 141.0K

$4,386 €3,856

-74.41%

Average Monthly Net Salary (After Tax)

$1,621 €1,425

20-Year Fixed Mortgage Interest Rate (Annual %)

9.63

3.81

152.76%

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

Last update for Grundarfjordur: July 21, 2026

Last update for Lisbon: July 21, 2026

Cost Breakdown

Dining out: $144 in Grundarfjordur vs $63.0 in Lisbon for a mid-range dinner for two. Groceries echo the gap at $598 vs $269 per month, with Lisbon cheaper across the board.

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

Grundarfjordur vs Lisbon: Cost of Living - Frequently Asked Questions

Grundarfjordur wins on cost – living expenses run 37% lower than in Lisbon. Housing and daily spending are where you'll feel the difference most, making Grundarfjordur the obvious pick if budget is a priority.

You'd need roughly $2,421 in Grundarfjordur and $3,315 in Lisbon 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 Lisbon pay roughly 122% less for everyday groceries. It's an unusual reversal that partly offsets higher costs elsewhere.

All in, you'll spend $1,614 per month in Grundarfjordur versus $2,210 in Lisbon – a 37% gap that adds up to real savings over time for anyone picking the cheaper option.

At $1,614 in Grundarfjordur versus $2,210 in Lisbon, a $2,000 budget is realistic in Grundarfjordur but tight or insufficient in Lisbon. The gap between the two cities makes Grundarfjordur the clear choice for anyone on this budget.

Both work as nomad bases, but Grundarfjordur delivers better value – similar infrastructure at $1,614 monthly. If stretching your runway or maximizing savings is the goal, the price difference makes Grundarfjordur hard to pass up.

Safety-wise, Grundarfjordur and Lisbon 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 Grundarfjordur gentler on the wallet – expenses run 37% less than in Lisbon. Beyond cost, consider language, visa policies, and how big the international community is in each city.