Cost of Living Comparison Between Lisbon and Akranes Cost of Living Comparison Between Lisbon and Akranes

Monthly Cost of Living

Monthly costs for one person with rent: $2,263 in Lisbon versus $3,507 in Akranes.

Estimated couple costs with rent: $3,315 in Lisbon versus $5,547 in Akranes.

Monthly costs for a family of three with rent: $4,368 in Lisbon versus $7,588 in Akranes.

Living in Lisbon costs roughly 35% less than in Akranes, driven mainly by Groceries & Markets.

Both cities are pricier than the global median: Lisbon 68% above, Akranes 161% above.

Meal at Budget Restaurant

$15.94 €13.73

$27.23 ISK 3,390

-41.46%

Three-Course Dinner for Two, Mid-Range

$63.4 €54.6

$145 ISK 18.0K

-56.28%

Fast Food Meal (McDonalds, etc)

$10.38 €8.95

$22.36 ISK 2,784

-53.58%

Cappuccino

$2.79 €2.40

$5.86 ISK 730

-52.39%

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

$2.34 €2.01

$3.18 ISK 397

-26.42%

Water (0.33 liter bottle)

$1.57 €1.35

$2.37 ISK 295

-33.76%

Local Beer (0.5 liter draught)

$3.43 €2.95

$10.25 ISK 1,276

-66.54%

Imported Beer (0.33 liter bottle)

$3.91 €3.37

$8.16 ISK 1,016

-52.08%

Milk (1 liter)

$1.08 €0.93

$1.86 ISK 232

-41.94%

White Bread (500g)

$1.77 €1.52

$1.99 ISK 248

-11.06%

Rice (white) (1kg)

$1.71 €1.47

$3.68 ISK 458

-53.53%

Eggs

$3.15 €2.71

$5.99 ISK 745

-47.41%

Local Cheese (1kg)

$13.68 €11.79

$17.88 ISK 2,226

-23.49%

Chicken Fillets (1kg)

$8.01 €6.90

$24.33 ISK 3,029

-67.08%

Beef Round Steak (1kg)

$15.52 €13.37

$42.76 ISK 5,324

-63.70%

Apples (1kg)

$2.29 €1.98

$3.30 ISK 410

-30.61%

Banana (1kg)

$1.64 €1.41

$2.50 ISK 311

-34.40%

Oranges (1kg)

$1.94 €1.67

$3.07 ISK 382

-36.81%

Tomato (1kg)

$2.51 €2.17

$4.71 ISK 587

-46.71%

Potato (1kg)

$1.79 €1.54

$3.56 ISK 443

-49.72%

Onion (1kg)

$2.01 €1.73

$2.37 ISK 295

-15.19%

Lettuce (1 head)

$1.97 €1.69

$3.12 ISK 389

-36.86%

Water (1.5 liter bottle)

$0.84 €0.73

$1.92 ISK 240

-56.25%

Cigarettes 20 Pack (Marlboro, Camel)

$6.79 €5.85

$13.77 ISK 1,715

-50.69%

Wine (Bottle)

$5.67 €4.89

$22.98 ISK 2,862

-75.33%

Local Beer (0.5 liter bottle)

$1.39 €1.20

$2.88 ISK 359

-51.74%

Imported Beer (0.33 liter bottle)

$3.02 €2.60

$2.03 ISK 253

48.77%

One-way Ticket (Public Transport)

$2.27 €1.95

$3.72 ISK 464

-38.98%

Public Transport Monthly Pass (Regular Price)

$45.44 €39.15

$73.2 ISK 9,110

-37.90%

Taxi Start (Normal Tariff)

$4.29 €3.70

$6.16 ISK 767

-30.36%

Taxi (Normal Tariff) (1km)

$0.85 €0.73

$1.09 ISK 136

-22.02%

Taxi 1hour Waiting (Normal Tariff)

$18.28 €15.75

$87.5 ISK 10.9K

-79.10%

Gasoline (1 liter)

$1.99 €1.71

$2.56 ISK 319

-22.27%

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

$35.0K €30.2K

$47.9K ISK 6.0M

-26.93%

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

$39.5K €34.1K

$53.0K ISK 6.6M

-25.35%

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

$146 €126

$89.0 ISK 11.1K

64.25%

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

$20.45 €17.62

$27.09 ISK 3,372

-24.51%

Internet (50+ Mbps, Unlimited Data)

$38.98 €33.58

$85.4 ISK 10.6K

-54.37%

Gym Membership (Monthly)

$48.98 €42.21

Tennis Court (1 Hour on Weekend)

$18.83 €16.22

Cinema Ticket

$9.52 €8.21

$17.79 ISK 2,215

-46.49%

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

$608 €524

$323 ISK 40.2K

88.17%

International Primary School, 1 Child (Yearly)

$16.5K €14.2K

$29.7K ISK 3.7M

-44.47%

Jeans (Levis 501 Or Similar)

$104 €89.5

$139 ISK 17.3K

-25.23%

Summer Dress (H&M, Zara, etc)

$42.12 €36.29

$62.0 ISK 7,714

-32.02%

Sport Shoes (Adidas, Nike)

$92.2 €79.5

$182 ISK 22.7K

-49.45%

Men's Leather Business Shoes

$120 €103

$267 ISK 33.2K

-55.05%

1-bedroom Apartment, City Center (Monthly)

$1,621 €1,397

$2,952 ISK 367.5K

-45.07%

1-bedroom Apartment, Outside City Center (Monthly)

$1,268 €1,092

$1,904 ISK 237.1K

-33.43%

3-bedroom Apartment, City Center (Monthly)

$3,048 €2,626

$4,727 ISK 588.5K

-35.51%

3-bedroom Apartment, Outside City Center (Monthly)

$2,009 €1,731

$3,649 ISK 454.3K

-44.96%

Buy Apartment in City Center (m2)

$7,663 €6,602

Buy Apartment Outside City Center (m2)

$4,329 €3,730

Average Monthly Net Salary (After Tax)

$1,585 €1,366

$5,692 ISK 708.6K

-72.15%

20-Year Fixed Mortgage Interest Rate (Annual %)

3.81

9.63

-60.44%

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

Last update for Lisbon: June 8, 2026

Last update for Akranes: June 8, 2026

Cost Breakdown

A one-bedroom apartment in the center runs $1,621 in Lisbon and $2,952 in Akranes. Housing cost is often the main lever when comparing two cities.

Akranes pays 259% more on average. The extra income cushions the higher costs, though housing choices and lifestyle decide how much of the gap is truly closed.

Dining out: $63.0 in Lisbon vs $145 in Akranes for a mid-range dinner for two. Groceries echo the gap at $269 vs $564 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

Lisbon vs Akranes: Cost of Living - Frequently Asked Questions

Lisbon wins on cost – living expenses run 55% lower than in Akranes. Housing and daily spending are where you'll feel the difference most, making Lisbon the obvious pick if budget is a priority.

On paper, Akranes earns 259% less. That's worth factoring in alongside costs, though remote workers earning in a stronger currency may not notice the difference at all.

Rent for a central apartment: $1,621 in Lisbon versus $2,952 in Akranes. Housing is usually the single largest factor when comparing overall living costs between the two.

All in, you'll spend $2,263 per month in Lisbon versus $3,507 in Akranes – a 55% gap that adds up to real savings over time for anyone picking the cheaper option.

A monthly transit pass in Lisbon runs roughly 61% less than in Akranes. Both cities have functional networks, but the price difference matters if you're watching your budget.

At $2,263 in Lisbon versus $3,507 in Akranes, a $3,000 budget is realistic in Lisbon but tight or insufficient in Akranes. The gap between the two cities makes Lisbon the clear choice for anyone on this budget.

Both work as nomad bases, but Lisbon delivers better value – similar infrastructure at $2,263 monthly. If stretching your runway or maximizing savings is the goal, the price difference makes Lisbon hard to pass up.

Safety-wise, Lisbon and Akranes 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 Lisbon gentler on the wallet – expenses run 55% less than in Akranes. Beyond cost, consider language, visa policies, and how big the international community is in each city.