Last update: Oct 2026

Cost of Living Comparison Between Grundarfjordur and Lisbon

For one person, living is cheaper in Grundarfjordur: $1,713 a month against $2,210 in Lisbon, rent and utilities included – about $6,000 less a year. Higher rent and utilities in Lisbon outweigh lower spending on other living expenses.

83

Cost of Living Index in Grundarfjordur
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Grundarfjordur Living Index
107

Cost of Living Index in Lisbon
Learn more

Lisbon Living Index

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Grundarfjordur

🇮🇸 Iceland

$1,713

/mo nomad

Lisbon

🇵🇹 Portugal

$2,210

/mo nomad

Monthly Cost of Living

How much you'll spend in Grundarfjordur and in Lisbon

Real prices from locals and on-the-ground checks – rent, groceries, transit and the daily extras. Here's what a month in Grundarfjordur and in Lisbon actually costs, broken down by who's living it.

Monthly costs for one person with rent: $1,713 in Grundarfjordur versus $2,210 in Lisbon.

Grundarfjordur $1,713
Lisbon $2,210

Estimated couple costs with rent: $2,918 in Grundarfjordur versus $3,275 in Lisbon.

Grundarfjordur $2,918
Lisbon $3,275

Monthly costs for a family of three with rent: $4,122 in Grundarfjordur versus $4,341 in Lisbon.

Grundarfjordur $4,122
Lisbon $4,341

Living in Grundarfjordur costs roughly 22% less than in Lisbon, and outside of rent the biggest gap is in transport.

Both cities are pricier than the global median: Grundarfjordur 26% above, Lisbon 62% above.

Meal at Budget Restaurant

$30.53 ISK 3,720

$16.65 €14.96

83.36%

Three-Course Dinner for Two, Mid-Range

$124 ISK 15.1K

$61.7 €55.5

101.04%

Fast Food Meal (McDonalds, etc)

$27.06 ISK 3,298

$11.36 €10.20

138.20%

Cappuccino

$6.61 ISK 805

$2.97 €2.67

122.56%

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

$3.34 ISK 407

$2.29 €2.06

45.85%

Water (0.33 liter bottle)

$3.03 ISK 370

$1.74 €1.56

74.14%

Local Beer (0.5 liter draught)

$14.17 ISK 1,726

$3.40 €3.06

316.76%

Imported Beer (0.33 liter bottle)

$12.21 ISK 1,488

$3.31 €2.97

268.88%

Milk (1 liter)

$2.09 ISK 255

$1.16 €1.04

80.17%

White Bread (500g)

$4.11 ISK 501

$1.91 €1.72

115.18%

Rice (white) (1kg)

$3.73 ISK 455

$1.51 €1.36

147.02%

Eggs

$6.93 ISK 845

$4.02 €3.61

72.39%

Local Cheese (1kg)

$21.76 ISK 2,651

$12.94 €11.62

68.16%

Chicken Fillets (1kg)

$24.62 ISK 2,999

$7.77 €6.99

216.86%

Beef Round Steak (1kg)

$42.23 ISK 5,145

$17.76 €15.96

137.78%

Apples (1kg)

$3.31 ISK 403

$2.30 €2.07

43.91%

Banana (1kg)

$2.77 ISK 337

$1.73 €1.56

60.12%

Oranges (1kg)

$3.16 ISK 385

$1.86 €1.67

69.89%

Tomato (1kg)

$6.32 ISK 770

$2.59 €2.33

144.02%

Potato (1kg)

$4.01 ISK 488

$1.82 €1.64

120.33%

Onion (1kg)

$1.65 ISK 201

$1.97 €1.77

-16.24%

Lettuce (1 head)

$3.84 ISK 467

$1.47 €1.32

161.22%

Water (1.5 liter bottle)

$1.77 ISK 216

$0.72 €0.65

145.83%

Cigarettes 20 Pack (Marlboro, Camel)

$14.16 ISK 1,725

$6.58 €5.92

115.20%

Wine (Bottle)

$23.44 ISK 2,856

$5.61 €5.04

317.83%

Local Beer (0.5 liter bottle)

$3.69 ISK 450

$1.36 €1.22

171.32%

Imported Beer (0.33 liter bottle)

$3.48 ISK 424

$2.14 €1.92

62.62%

One-way Ticket (Public Transport)

$2.33 €2.10

Public Transport Monthly Pass (Regular Price)

$44.68 €40.14

Taxi Start (Normal Tariff)

$6.59 ISK 802

$3.85 €3.46

71.17%

Taxi (Normal Tariff) (1km)

$2.80 ISK 341

$1.07 €0.96

161.68%

Taxi 1hour Waiting (Normal Tariff)

$80.5 ISK 9,808

$16.46 €14.79

389.06%

Gasoline (1 liter)

$2.10 ISK 256

$2.20 €1.98

-4.55%

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

$68.8K ISK 8.4M

$34.2K €30.7K

101.14%

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

$55.0K ISK 6.7M

$38.7K €34.8K

42.14%

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

$97.0 ISK 11.8K

$161 €145

-39.83%

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

$32.92 ISK 4,011

$18.41 €16.54

78.82%

Internet (50+ Mbps, Unlimited Data)

$86.2 ISK 10.5K

$32.74 €29.41

163.41%

Gym Membership (Monthly)

$44.55 €40.03

Tennis Court (1 Hour on Weekend)

$19.10 €17.16

Cinema Ticket

$19.36 ISK 2,359

$9.60 €8.62

101.67%

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

$1,182 ISK 144.0K

$668 €600

76.99%

International Primary School, 1 Child (Yearly)

$26.3K ISK 3.2M

$17.6K €15.8K

49.48%

Jeans (Levis 501 Or Similar)

$148 ISK 18.0K

$102 €91.7

44.97%

Summer Dress (H&M, Zara, etc)

$66.1 ISK 8,059

$44.46 €39.95

48.76%

Sport Shoes (Adidas, Nike)

$185 ISK 22.5K

$98.5 €88.5

87.84%

Men's Leather Business Shoes

$247 ISK 30.1K

$124 €111

99.64%

1-bedroom Apartment, City Center (Monthly)

$1,608 €1,445

1-bedroom Apartment, Outside City Center (Monthly)

$1,190 €1,069

3-bedroom Apartment, City Center (Monthly)

$2,812 €2,527

3-bedroom Apartment, Outside City Center (Monthly)

$2,013 €1,809

Buy Apartment in City Center (m2)

$7,839 €7,043

Buy Apartment Outside City Center (m2)

$1,098 ISK 133.8K

$4,576 €4,111

-76.01%

Average Monthly Net Salary (After Tax)

$1,575 €1,415

20-Year Fixed Mortgage Interest Rate (Annual %)

8.81

3.85

128.83%

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

Last update for Grundarfjordur: October 24, 2026

Last update for Lisbon: October 27, 2026

Monthly budget structure

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

Groceries & Markets

Grundarfjordur

$621 36.3%

Lisbon

$272 12.3% 56.2% $349

Eating Out

Grundarfjordur

$525 30.7%

Lisbon

$243 11% 53.8% $283

Clothing & Footwear

Grundarfjordur

$291 17%

Lisbon

$166 7.5% 42.9% $125

Monthly Utilities & Internet

Grundarfjordur

$216 12.6%

Lisbon

$212 9.6% 1.8% $3.8

Sport & Entertainment

Grundarfjordur

$39 * 2.3%

Lisbon

$64 2.9% 64.6% $25

Getting Around

Grundarfjordur

$21 * 1.2%

Lisbon

$63 2.9% 207% $43

Accommodation & Living

Grundarfjordur

- * 0%

Lisbon

$1.2K 53.8%

Categories marked with * are only partly priced – their share counts the items that do have prices.

Cost Breakdown

Dining out: $124 in Grundarfjordur vs $62 in Lisbon for a mid-range dinner for two. Groceries echo the gap at $621 vs $272 per month, with Lisbon cheaper across the board.

Good to know

🇮🇸 Grundarfjordur

🇵🇹 Lisbon

🕒 Local time

08:34 8:34 AM

Same time as Grundarfjordur

🌤 Weather

👥 Population

800

545,923 Capital

💱 Currency

Icelandic Króna ISK kr

Euro EUR €

📈 Exchange rate

1,000 ISK = 8.21 USD

1,000 ISK = 7.37 EUR

1 EUR = 1.11 USD

Exchange rates and currency converter

EUR, USD to ISK – Icelandic Króna Converter

🇺🇸 United States Dollar ($)

🇮🇸 Icelandic Króna (kr)

Icelandic Króna exchange rates as of October 28, 2026: 1 USD = 122 ISK (1,000 ISK = 8.21 USD). 1 EUR = 136 ISK (1,000 ISK = 7.37 EUR).

Euro exchange rates as of October 28, 2026: 1 USD = 0.898 EUR (1 EUR = 1.11 USD).

USD to ISK in detail →

On the map

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Between locations

Grundarfjordur Lisbon 3,060 km ≈ 4 h 15 min nonstop flight

From you

Grundarfjordur
Lisbon

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

Grundarfjordur vs Lisbon: Cost of Living - Frequently Asked Questions

Grundarfjordur wins on cost – living expenses run 22% 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 $2,570 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 56% less for everyday groceries. It’s an unusual reversal that partly offsets higher costs elsewhere.

All in, you’ll spend $1,713 per month in Grundarfjordur versus $2,210 in Lisbon – a 29% gap that adds up to real savings over time for anyone picking the cheaper option.

At $1,713 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 cities offer a good standard of living with different trade-offs. Neither is objectively better – the right pick depends on what matters most: affordability, career, cultural scene, or climate.

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.