Cost of Living Comparison Between Keflavik and Lisbon Cost of Living Comparison Between Keflavik and Lisbon

😐 Solo nomad: Keflavik is 87.3% more expensive than Lisbon without rent, and 25.5% more expensive with rent.

😐 Family of 3: Keflavik is 78.5% more expensive than Lisbon without rent, and 36.8% more expensive with rent.

Meal at Budget Restaurant

$24.08 ISK 3,004

$16.09 €13.89

49.66%

Three-Course Dinner for Two, Mid-Range

$144 ISK 18K

$64.1 €55.3

124.58%

Fast Food Meal (McDonalds, etc)

$20.26 ISK 2,528

$10.28 €8.88

97.08%

Cappuccino

$4.01 ISK 500

$2.78 €2.4

44.24%

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

$3.14 ISK 391

$2.23 €1.92

40.81%

Water (0.33 liter bottle)

$2.61 ISK 326

$1.57 €1.35

66.24%

Local Beer (0.5 liter draught)

$7.94 ISK 990

$3.41 €2.95

132.84%

Imported Beer (0.33 liter bottle)

$8.01 ISK 1,000

$3.82 €3.3

109.69%

Milk (1 liter)

$1.88 ISK 234

$1.14 €0.98

64.91%

White Bread (500g)

$4.31 ISK 537

$1.73 €1.49

149.13%

Rice (white) (1kg)

$2.37 ISK 296

$1.67 €1.44

41.92%

Eggs

$6.12 ISK 764

$3.13 €2.7

95.53%

Local Cheese (1kg)

$18.3 ISK 2,283

$13.31 €11.5

37.49%

Chicken Fillets (1kg)

$23.39 ISK 2,917

$7.99 €6.9

192.74%

Beef Round Steak (1kg)

$41.94 ISK 5,232

$15.97 €13.79

162.62%

Apples (1kg)

$2.45 ISK 306

$2.28 €1.97

7.46%

Banana (1kg)

$2.48 ISK 309

$1.7 €1.47

45.88%

Oranges (1kg)

$2.44 ISK 305

$2.04 €1.76

19.61%

Tomato (1kg)

$3.94 ISK 491

$2.55 €2.2

54.51%

Potato (1kg)

$3.15 ISK 393

$1.76 €1.52

78.98%

Onion (1kg)

$2.06 ISK 257

$2.05 €1.77

0.49%

Lettuce (1 head)

$3.17 ISK 396

$1.98 €1.71

60.10%

Water (1.5 liter bottle)

$1.91 ISK 239

$0.81 €0.7

135.80%

Cigarettes 20 Pack (Marlboro, Camel)

$13.46 ISK 1,680

$6.59 €5.69

104.25%

Wine (Bottle)

$16.37 ISK 2,042

$5.87 €5.07

178.88%

Local Beer (0.5 liter bottle)

$3.64 ISK 454

$1.33 €1.15

173.68%

Imported Beer (0.33 liter bottle)

$2.77 ISK 346

$2.92 €2.52

-5.14%

One-way Ticket (Public Transport)

$3.7 ISK 461

$2.27 €1.96

63.00%

Public Transport Monthly Pass (Regular Price)

$74.4 ISK 9,282

$46.15 €39.85

61.24%

Taxi Start (Normal Tariff)

$6.28 ISK 783

$4.23 €3.66

48.46%

Taxi (Normal Tariff) (1km)

$2.36 ISK 294

$0.86 €0.75

174.42%

Taxi 1hour Waiting (Normal Tariff)

$87.6 ISK 10.9K

$18.68 €16.13

369.06%

Gasoline (1 liter)

$2.48 ISK 310

$2.09 €1.81

18.66%

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

$47.5K ISK 5.9M

$34.5K €29.8K

37.69%

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

$52.5K ISK 6.6M

$39.6K €34.2K

32.47%

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

$86.6 ISK 10.8K

$148 €128

-41.64%

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

$27.89 ISK 3,479

$20.98 €18.11

32.94%

Internet (50+ Mbps, Unlimited Data)

$84.8 ISK 10.6K

$39.65 €34.24

113.97%

Gym Membership (Monthly)

$47.92 €41.37

Tennis Court (1 Hour on Weekend)

$18.57 €16.03

Cinema Ticket

$17.59 ISK 2,194

$9.38 €8.1

87.53%

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

$326 ISK 40.7K

$607 €524

-46.29%

International Primary School, 1 Child (Yearly)

$29.7K ISK 3.7M

$16.1K €13.9K

84.44%

Jeans (Levis 501 Or Similar)

$138 ISK 17.2K

$104 €90.1

32.04%

Summer Dress (H&M, Zara, etc)

$61.2 ISK 7,638

$41.09 €35.48

48.99%

Sport Shoes (Adidas, Nike)

$186 ISK 23.2K

$92.7 €80

100.32%

Men's Leather Business Shoes

$184 ISK 22.9K

$119 €102

54.88%

1-bedroom Apartment, City Center (Monthly)

$1,854 ISK 231.3K

$1,592 €1,375

16.44%

1-bedroom Apartment, Outside City Center (Monthly)

$1,347 ISK 168.1K

$1,262 €1,090

6.75%

3-bedroom Apartment, City Center (Monthly)

$2,480 ISK 309.4K

$3,046 €2,630

-18.58%

3-bedroom Apartment, Outside City Center (Monthly)

$1,978 ISK 246.7K

$2,069 €1,787

-4.43%

Buy Apartment in City Center (m2)

$7,280 €6,286

Buy Apartment Outside City Center (m2)

$4,549 €3,928

Average Monthly Net Salary (After Tax)

$3,802 ISK 474.4K

$1,462 €1,263

160.00%

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 Keflavik: October 28, 2025

Last update for Lisbon: October 28, 2025

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