Last update: Oct 2026

Cost of Living Comparison Between Hafnarfjordur and Lisbon

For one person, living is cheaper in Lisbon: $2,210 a month against $3,853 in Hafnarfjordur, rent and utilities included – about $19,700 less a year. Rent and utilities account for about half of the difference.

184

Cost of Living Index in Hafnarfjordur
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Hafnarfjordur Living Index
107

Cost of Living Index in Lisbon
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Lisbon Living Index

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Hafnarfjordur

🇮🇸 Iceland

$3,853

/mo nomad

Lisbon

🇵🇹 Portugal

$2,210

/mo nomad

Monthly Cost of Living

How much you'll spend in Hafnarfjordur 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 Hafnarfjordur and in Lisbon actually costs, broken down by who's living it.

A single person spends $3,853 per month in Hafnarfjordur vs $2,210 in Lisbon, rent included.

Hafnarfjordur $3,853
Lisbon $2,210

A couple spends around $5,410 per month in Hafnarfjordur vs $3,275 in Lisbon, rent included.

Hafnarfjordur $5,410
Lisbon $3,275

A family of three spends $6,967 per month in Hafnarfjordur vs $4,341 in Lisbon, rent included.

Hafnarfjordur $6,967
Lisbon $4,341

Hafnarfjordur costs about 74% more than Lisbon, and outside of rent the biggest gap is in groceries.

Both Hafnarfjordur and Lisbon sit above the global median – Hafnarfjordur by 183%, Lisbon by 62%.

Meal at Budget Restaurant

$31.04 ISK 3,768

$16.65 €14.92

86.43%

Three-Course Dinner for Two, Mid-Range

$125 ISK 15.1K

$61.7 €55.3

102.09%

Fast Food Meal (McDonalds, etc)

$16.40 ISK 1,991

$11.36 €10.18

44.37%

Cappuccino

$6.71 ISK 814

$2.97 €2.66

125.93%

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

$3.33 ISK 405

$2.29 €2.05

45.41%

Water (0.33 liter bottle)

$3.14 ISK 382

$1.74 €1.56

80.46%

Local Beer (0.5 liter draught)

$14.02 ISK 1,703

$3.40 €3.05

312.35%

Imported Beer (0.33 liter bottle)

$12.11 ISK 1,470

$3.31 €2.97

265.86%

Milk (1 liter)

$1.67 ISK 203

$1.16 €1.04

43.97%

White Bread (500g)

$4.21 ISK 511

$1.91 €1.71

120.42%

Rice (white) (1kg)

$3.71 ISK 450

$1.51 €1.36

145.70%

Eggs

$7.26 ISK 881

$4.02 €3.60

80.60%

Local Cheese (1kg)

$21.51 ISK 2,611

$12.94 €11.59

66.23%

Chicken Fillets (1kg)

$24.40 ISK 2,962

$7.77 €6.97

214.03%

Beef Round Steak (1kg)

$41.76 ISK 5,070

$17.76 €15.92

135.14%

Apples (1kg)

$3.24 ISK 394

$2.30 €2.06

40.87%

Banana (1kg)

$2.48 ISK 301

$1.73 €1.55

43.35%

Oranges (1kg)

$3.19 ISK 388

$1.86 €1.66

71.51%

Tomato (1kg)

$6.41 ISK 779

$2.59 €2.32

147.49%

Potato (1kg)

$3.93 ISK 477

$1.82 €1.63

115.93%

Onion (1kg)

$1.64 ISK 200

$1.97 €1.76

-16.75%

Lettuce (1 head)

$3.69 ISK 448

$1.47 €1.32

151.02%

Water (1.5 liter bottle)

$1.82 ISK 221

$0.72 €0.65

152.78%

Cigarettes 20 Pack (Marlboro, Camel)

$14.04 ISK 1,705

$6.58 €5.90

113.37%

Wine (Bottle)

$24.05 ISK 2,920

$5.61 €5.02

328.70%

Local Beer (0.5 liter bottle)

$3.53 ISK 428

$1.36 €1.22

159.56%

Imported Beer (0.33 liter bottle)

$3.38 ISK 411

$2.14 €1.91

57.94%

One-way Ticket (Public Transport)

$5.10 ISK 620

$2.33 €2.09

118.88%

Public Transport Monthly Pass (Regular Price)

$85.0 ISK 10.3K

$44.68 €40.04

90.24%

Taxi Start (Normal Tariff)

$6.92 ISK 840

$3.85 €3.45

79.74%

Taxi (Normal Tariff) (1km)

$2.84 ISK 345

$1.07 €0.96

165.42%

Taxi 1hour Waiting (Normal Tariff)

$80.8 ISK 9,811

$16.46 €14.75

390.95%

Gasoline (1 liter)

$2.00 ISK 243

$2.20 €1.97

-9.09%

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

$68.7K ISK 8.3M

$34.2K €30.6K

101.03%

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

$55.8K ISK 6.8M

$38.7K €34.7K

43.99%

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

$69.4 ISK 8,419

$161 €144

-56.98%

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

$32.65 ISK 3,964

$18.41 €16.50

77.35%

Internet (50+ Mbps, Unlimited Data)

$85.0 ISK 10.3K

$32.74 €29.34

159.65%

Gym Membership (Monthly)

$65.1 ISK 7,900

$44.55 €39.92

46.06%

Tennis Court (1 Hour on Weekend)

$19.10 €17.11

Cinema Ticket

$17.08 ISK 2,073

$9.60 €8.60

77.92%

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

$1,172 ISK 142.3K

$668 €598

75.54%

International Primary School, 1 Child (Yearly)

$25.9K ISK 3.1M

$17.6K €15.8K

46.84%

Jeans (Levis 501 Or Similar)

$125 ISK 15.1K

$102 €91.4

22.25%

Summer Dress (H&M, Zara, etc)

$67.1 ISK 8,150

$44.46 €39.85

51.01%

Sport Shoes (Adidas, Nike)

$124 ISK 15.1K

$98.5 €88.3

26.34%

Men's Leather Business Shoes

$246 ISK 29.9K

$124 €111

99.22%

1-bedroom Apartment, City Center (Monthly)

$2,496 ISK 303.1K

$1,608 €1,441

55.22%

1-bedroom Apartment, Outside City Center (Monthly)

$2,075 ISK 251.8K

$1,190 €1,066

74.32%

3-bedroom Apartment, City Center (Monthly)

$3,232 ISK 392.3K

$2,812 €2,520

14.92%

3-bedroom Apartment, Outside City Center (Monthly)

$2,670 ISK 324.2K

$2,013 €1,804

32.63%

Buy Apartment in City Center (m2)

$7,011 ISK 851.1K

$7,839 €7,025

-10.57%

Buy Apartment Outside City Center (m2)

$7,014 ISK 851.6K

$4,576 €4,100

53.30%

Average Monthly Net Salary (After Tax)

$4,674 ISK 567.4K

$1,575 €1,411

196.75%

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 Hafnarfjordur: October 24, 2026

Last update for Lisbon: October 27, 2026

Monthly budget structure

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

Accommodation & Living

Hafnarfjordur

$2.1K 53.8%

Lisbon

$1.2K 53.8% 42.6% $884

Groceries & Markets

Hafnarfjordur

$615 16%

Lisbon

$272 12.3% 55.7% $342

Eating Out

Hafnarfjordur

$498 12.9%

Lisbon

$243 11% 51.3% $256

Clothing & Footwear

Hafnarfjordur

$253 6.6%

Lisbon

$166 7.5% 34.5% $87

Monthly Utilities & Internet

Hafnarfjordur

$187 4.9%

Lisbon

$212 9.6% 13.6% $25

Getting Around

Hafnarfjordur

$127 3.3%

Lisbon

$63 2.9% 50.1% $63

Sport & Entertainment

Hafnarfjordur

$99 2.6%

Lisbon

$64 2.9% 35.8% $35

Cost Breakdown

A central one-bedroom costs $2,496 in Hafnarfjordur versus $1,608 in Lisbon. Rent is usually the largest line item in a monthly budget, so the gap here sets the tone for the overall comparison.

Salaries in Hafnarfjordur are about 3 times higher. Purchasing power depends on which expenses matter most to you.

A mid-range dinner for two costs $125 in Hafnarfjordur versus $62 in Lisbon. Monthly groceries follow the same trend: $615 vs $272 – making Lisbon the more affordable choice for daily food spending.

Good to know

🇮🇸 Hafnarfjordur

🇵🇹 Lisbon

🕒 Local time

04:05 4:05 AM

Same time as Hafnarfjordur

🌤 Weather

👥 Population

31,525

545,923 Capital

💱 Currency

Icelandic Króna ISK kr

Euro EUR €

📈 Exchange rate

1,000 ISK = 8.24 USD

1,000 ISK = 7.38 EUR

1 EUR = 1.12 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 November 2, 2026: 1 USD = 121 ISK (1,000 ISK = 8.24 USD). 1 EUR = 136 ISK (1,000 ISK = 7.38 EUR).

Euro exchange rates as of November 2, 2026: 1 USD = 0.896 EUR (1 EUR = 1.12 USD).

USD to ISK in detail →

On the map

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Between locations

Hafnarfjordur Lisbon 2,940 km ≈ 4 h 15 min nonstop flight

From you

Hafnarfjordur
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

Hafnarfjordur vs Lisbon: Cost of Living - Frequently Asked Questions

Hafnarfjordur costs about 74% more than Lisbon, and outside of rent the gap comes mainly from groceries. That’s enough to noticeably affect everyday spending and lifestyle for anyone choosing between the two.

For a comfortable life, plan on about $5,780 per month in Hafnarfjordur and $3,315 in Lisbon. That covers rent, food, utilities, transport, and enough left over to feel settled – not just surviving.

Rent is clearly cheaper in Lisbon, especially for central apartments: a one-bedroom in the center costs $1,608 there versus $2,496 in Hafnarfjordur.

Monthly expenses with rent come to $3,853 in Hafnarfjordur and $2,210 in Lisbon. That makes Lisbon about 43% cheaper.

Public transport costs about 47% less in Lisbon. For daily commuters, that gap adds up to noticeable savings over a year.

A $3,000 monthly budget goes further in Lisbon, where all-in costs run around $2,210, than in Hafnarfjordur at $3,853. In Lisbon it covers expenses comfortably, while in Hafnarfjordur it requires careful planning or may not stretch far enough.

Families tend to lean toward Lisbon – lower housing and cheaper childcare make a real difference, especially on a single income or when paying for private education.

Both cities have a reputation for safety. In either place, the choice of neighborhood matters more than the choice between the two cities.

If budget matters most, go with Lisbon. If higher salaries or specific career opportunities are the priority, Hafnarfjordur makes more sense. Both are solid long-term options with distinct trade-offs.