Last update: Oct 2026

Cost of Living Comparison Between Lisbon and Akureyri

For one person, living is cheaper in Lisbon: $2,210 a month against $3,106 in Akureyri, rent and utilities included – about $10,800 less a year. Rent and utilities account for most of the difference.

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Cost of Living Index in Lisbon
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Lisbon Living Index

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Lisbon

🇵🇹 Portugal

$2,210

/mo nomad

Akureyri

🇮🇸 Iceland

$3,106

/mo nomad

Monthly Cost of Living

How much you'll spend in Lisbon and in Akureyri

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

A single person spends $2,210 per month in Lisbon vs $3,106 in Akureyri, rent included.

Lisbon $2,210
Akureyri $3,106

A couple spends around $3,275 per month in Lisbon vs $4,176 in Akureyri, rent included.

Lisbon $3,275
Akureyri $4,176

A family of three spends $4,341 per month in Lisbon vs $5,246 in Akureyri, rent included.

Lisbon $4,341
Akureyri $5,246

Lisbon is about 29% cheaper than Akureyri, and outside of rent the biggest gap is in eating out.

Both Lisbon and Akureyri sit above the global median – Lisbon by 62%, Akureyri by 128%.

Meal at Budget Restaurant

$16.65 €14.92

$24.94 ISK 3,028

-33.24%

Three-Course Dinner for Two, Mid-Range

$61.7 €55.3

$129 ISK 15.6K

-52.09%

Fast Food Meal (McDonalds, etc)

$11.36 €10.18

$22.63 ISK 2,748

-49.80%

Cappuccino

$2.97 €2.66

$5.04 ISK 611

-41.07%

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

$2.29 €2.05

$3.35 ISK 406

-31.64%

Water (0.33 liter bottle)

$1.74 €1.56

$2.99 ISK 363

-41.81%

Local Beer (0.5 liter draught)

$3.40 €3.05

$11.22 ISK 1,362

-69.70%

Imported Beer (0.33 liter bottle)

$3.31 €2.97

$9.62 ISK 1,168

-65.59%

Milk (1 liter)

$1.16 €1.04

$2.77 ISK 337

-58.12%

White Bread (500g)

$1.91 €1.71

$2.32 ISK 282

-17.67%

Rice (white) (1kg)

$1.51 €1.36

$3.14 ISK 382

-51.91%

Eggs

$4.02 €3.60

$7.65 ISK 928

-47.45%

Local Cheese (1kg)

$12.94 €11.59

$15.85 ISK 1,925

-18.36%

Chicken Fillets (1kg)

$7.77 €6.97

$24.82 ISK 3,013

-68.69%

Beef Round Steak (1kg)

$17.76 €15.92

Apples (1kg)

$2.30 €2.06

Banana (1kg)

$1.73 €1.55

$2.92 ISK 354

-40.75%

Oranges (1kg)

$1.86 €1.66

$3.45 ISK 419

-46.09%

Tomato (1kg)

$2.59 €2.32

$6.08 ISK 738

-57.40%

Potato (1kg)

$1.82 €1.63

Onion (1kg)

$1.97 €1.76

Lettuce (1 head)

$1.47 €1.32

Water (1.5 liter bottle)

$0.72 €0.65

Cigarettes 20 Pack (Marlboro, Camel)

$6.58 €5.90

$13.71 ISK 1,664

-52.01%

Wine (Bottle)

$5.61 €5.02

Local Beer (0.5 liter bottle)

$1.36 €1.22

Imported Beer (0.33 liter bottle)

$2.14 €1.91

One-way Ticket (Public Transport)

$2.33 €2.09

Public Transport Monthly Pass (Regular Price)

$44.68 €40.04

Taxi Start (Normal Tariff)

$3.85 €3.45

Taxi (Normal Tariff) (1km)

$1.07 €0.96

Taxi 1hour Waiting (Normal Tariff)

$16.46 €14.75

Gasoline (1 liter)

$2.20 €1.97

$2.59 ISK 314

-15.06%

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

$34.2K €30.6K

$41.3K ISK 5.0M

-17.16%

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

$38.7K €34.7K

$65.2K ISK 7.9M

-40.60%

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

$161 €144

$121 ISK 14.7K

33.46%

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

$18.41 €16.50

$25.21 ISK 3,061

-26.97%

Internet (50+ Mbps, Unlimited Data)

$32.74 €29.34

$165 ISK 20.0K

-80.12%

Gym Membership (Monthly)

$44.55 €39.92

$84.3 ISK 10.2K

-47.14%

Tennis Court (1 Hour on Weekend)

$19.10 €17.11

Cinema Ticket

$9.60 €8.60

$15.53 ISK 1,885

-38.18%

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

$668 €598

$367 ISK 44.6K

81.88%

International Primary School, 1 Child (Yearly)

$17.6K €15.8K

Jeans (Levis 501 Or Similar)

$102 €91.4

$80.8 ISK 9,810

26.25%

Summer Dress (H&M, Zara, etc)

$44.46 €39.85

Sport Shoes (Adidas, Nike)

$98.5 €88.3

$122 ISK 14.8K

-19.34%

Men's Leather Business Shoes

$124 €111

1-bedroom Apartment, City Center (Monthly)

$1,608 €1,441

$1,835 ISK 222.7K

-12.34%

1-bedroom Apartment, Outside City Center (Monthly)

$1,190 €1,066

$1,833 ISK 222.5K

-35.06%

3-bedroom Apartment, City Center (Monthly)

$2,812 €2,520

3-bedroom Apartment, Outside City Center (Monthly)

$2,013 €1,804

$2,186 ISK 265.4K

-7.90%

Buy Apartment in City Center (m2)

$7,839 €7,025

$6,596 ISK 800.8K

18.84%

Buy Apartment Outside City Center (m2)

$4,576 €4,100

$6,483 ISK 787.1K

-29.42%

Average Monthly Net Salary (After Tax)

$1,575 €1,411

20-Year Fixed Mortgage Interest Rate (Annual %)

3.85

9.4

-59.04%

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

Last update for Lisbon: October 27, 2026

Last update for Akureyri: October 25, 2026

Monthly budget structure

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

Accommodation & Living

Lisbon

$1.2K 53.8%

Akureyri

–

Groceries & Markets

Lisbon

$272 12.3%

Akureyri

–

Eating Out

Lisbon

$243 11%

Akureyri

–

Monthly Utilities & Internet

Lisbon

$212 9.6%

Akureyri

–

Clothing & Footwear

Lisbon

$166 7.5%

Akureyri

–

Sport & Entertainment

Lisbon

$64 2.9%

Akureyri

–

Getting Around

Lisbon

$63 2.9%

Akureyri

–

Cost Breakdown

A central one-bedroom costs $1,608 in Lisbon versus $1,835 in Akureyri. Rent is usually the largest line item in a monthly budget, so the gap here sets the tone for the overall comparison.

A mid-range dinner for two costs $62 in Lisbon versus $129 in Akureyri. Monthly groceries follow the same trend: $272 vs $327 – making Lisbon the more affordable choice for daily food spending.

Good to know

🇵🇹 Lisbon

🇮🇸 Akureyri

🕒 Local time

06:09 6:09 AM

Same time as Lisbon

🌤 Weather

👥 Population

545,923 Capital

19,219

💱 Currency

Euro EUR €

Icelandic Króna ISK kr

📈 Exchange rate

1 EUR = 1.12 USD

1,000 ISK = 8.24 USD

1,000 ISK = 7.38 EUR

Exchange rates and currency converter

ISK, USD to EUR – Euro Converter

🇺🇸 United States Dollar ($)

🇪🇺 Euro (€)

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

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).

USD to EUR in detail →

On the map

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Highest

Between locations

Lisbon Akureyri 3,050 km ≈ 4 h 15 min nonstop flight

From you

Lisbon
Akureyri

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

Lisbon vs Akureyri: Cost of Living - Frequently Asked Questions

Yes – Akureyri is pricier by about 41%, and outside of rent the gap shows up most in eating out.

For a comfortable life, plan on about $3,315 per month in Lisbon and $4,659 in Akureyri. 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 $1,835 in Akureyri.

A mid-range dinner for two costs $62 in Lisbon and $129 in Akureyri. That’s a good indicator of the overall restaurant and café pricing gap between the two cities.

Groceries cost about 20% more in Akureyri, though the gap depends on what you buy.

A $3,000 monthly budget goes further in Lisbon, where all-in costs run around $2,210, than in Akureyri at $3,106. In Lisbon it covers expenses comfortably, while in Akureyri it requires careful planning or may not stretch far enough.

For digital nomads, it depends on budget. Lisbon costs $2,210 versus $3,106 in Akureyri. Both appeal to remote workers, and the cost gap matters when income varies month to month.

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