Cost of Living Comparison Between Lisbon and Drangsnes Cost of Living Comparison Between Lisbon and Drangsnes

Monthly Cost of Living

Monthly costs for one person with rent: $2,291 in Lisbon versus $1,595 in Drangsnes.

Estimated couple costs with rent: $3,322 in Lisbon versus $2,802 in Drangsnes.

Monthly costs for a family of three with rent: $4,354 in Lisbon versus $4,009 in Drangsnes.

Living in Lisbon is roughly 44% more expensive than in Drangsnes, driven mainly by Groceries & Markets.

Both cities are pricier than the global median: Lisbon 71% above, Drangsnes 19% above.

Meal at Budget Restaurant

$16.19 €14.17

$26.51 ISK 3,304

-38.93%

Three-Course Dinner for Two, Mid-Range

$63.3 €55.4

$142 ISK 17.7K

-55.39%

Fast Food Meal (McDonalds, etc)

$10.32 €9.03

$22.52 ISK 2,806

-54.17%

Cappuccino

$2.83 €2.48

$6.25 ISK 778

-54.72%

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

$2.29 €2.00

$3.36 ISK 419

-31.85%

Water (0.33 liter bottle)

$1.58 €1.38

$2.53 ISK 316

-37.55%

Local Beer (0.5 liter draught)

$3.40 €2.98

$12.83 ISK 1,599

-73.50%

Imported Beer (0.33 liter bottle)

$4.03 €3.52

$11.37 ISK 1,417

-64.56%

Milk (1 liter)

$1.09 €0.95

$1.93 ISK 240

-43.52%

White Bread (500g)

$1.75 €1.53

$4.24 ISK 528

-58.73%

Rice (white) (1kg)

$1.76 €1.54

$3.62 ISK 451

-51.38%

Eggs

$3.17 €2.77

$6.52 ISK 813

-51.38%

Local Cheese (1kg)

$13.19 €11.54

$17.92 ISK 2,232

-26.40%

Chicken Fillets (1kg)

$7.97 €6.97

$23.93 ISK 2,982

-66.69%

Beef Round Steak (1kg)

$15.53 €13.59

$43.23 ISK 5,387

-64.08%

Apples (1kg)

$2.37 €2.07

$3.35 ISK 417

-29.25%

Banana (1kg)

$1.71 €1.49

$2.42 ISK 302

-29.34%

Oranges (1kg)

$2.01 €1.76

$3.02 ISK 376

-33.44%

Tomato (1kg)

$2.43 €2.13

$4.87 ISK 606

-50.10%

Potato (1kg)

$1.76 €1.54

$3.58 ISK 446

-50.84%

Onion (1kg)

$2.03 €1.78

$2.43 ISK 302

-16.46%

Lettuce (1 head)

$1.92 €1.68

$3.14 ISK 391

-38.85%

Water (1.5 liter bottle)

$0.85 €0.74

$1.99 ISK 248

-57.29%

Cigarettes 20 Pack (Marlboro, Camel)

$6.58 €5.76

$13.44 ISK 1,675

-51.04%

Wine (Bottle)

$5.58 €4.88

$23.21 ISK 2,892

-75.96%

Local Beer (0.5 liter bottle)

$1.33 €1.17

$3.60 ISK 448

-63.06%

Imported Beer (0.33 liter bottle)

$2.97 €2.60

$3.24 ISK 403

-8.33%

One-way Ticket (Public Transport)

$2.28 €1.99

Public Transport Monthly Pass (Regular Price)

$45.79 €40.06

Taxi Start (Normal Tariff)

$4.23 €3.70

$6.47 ISK 806

-34.62%

Taxi (Normal Tariff) (1km)

$0.81 €0.71

$2.53 ISK 316

-67.98%

Taxi 1hour Waiting (Normal Tariff)

$18.44 €16.13

$85.8 ISK 10.7K

-78.52%

Gasoline (1 liter)

$2.08 €1.82

$2.47 ISK 308

-15.79%

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

$34.7K €30.3K

$48.0K ISK 6.0M

-27.75%

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

$39.2K €34.3K

$52.4K ISK 6.5M

-25.25%

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

$148 €130

$86.2 ISK 10.7K

71.85%

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

$20.46 €17.90

$27.87 ISK 3,473

-26.59%

Internet (50+ Mbps, Unlimited Data)

$39.56 €34.61

$86.2 ISK 10.7K

-54.12%

Gym Membership (Monthly)

$47.99 €41.99

Tennis Court (1 Hour on Weekend)

$18.60 €16.27

Cinema Ticket

$9.22 €8.07

$17.39 ISK 2,166

-46.98%

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

$616 €539

$325 ISK 40.6K

89.29%

International Primary School, 1 Child (Yearly)

$16.4K €14.4K

$30.6K ISK 3.8M

-46.32%

Jeans (Levis 501 Or Similar)

$103 €89.9

$137 ISK 17.0K

-24.92%

Summer Dress (H&M, Zara, etc)

$41.74 €36.52

$62.7 ISK 7,809

-33.40%

Sport Shoes (Adidas, Nike)

$94.8 €82.9

$181 ISK 22.5K

-47.62%

Men's Leather Business Shoes

$122 €107

$264 ISK 32.9K

-53.76%

1-bedroom Apartment, City Center (Monthly)

$1,633 €1,428

1-bedroom Apartment, Outside City Center (Monthly)

$1,232 €1,078

3-bedroom Apartment, City Center (Monthly)

$3,098 €2,711

3-bedroom Apartment, Outside City Center (Monthly)

$2,031 €1,777

Buy Apartment in City Center (m2)

$7,831 €6,851

Buy Apartment Outside City Center (m2)

$4,389 €3,840

Average Monthly Net Salary (After Tax)

$1,607 €1,406

$6,076 ISK 757.1K

-73.55%

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: July 14, 2026

Last update for Drangsnes: July 12, 2026

Cost Breakdown

Drangsnes pays 278% more on average while also being the cheaper of the two. The combined effect is a noticeably stronger local purchasing power.

Dining out: $63.0 in Lisbon vs $142 in Drangsnes for a mid-range dinner for two. Groceries echo the gap at $267 vs $596 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 Drangsnes: Cost of Living - Frequently Asked Questions

Drangsnes wins on cost – living expenses run 44% lower than in Lisbon. Housing and daily spending are where you'll feel the difference most, making Drangsnes the obvious pick if budget is a priority.

On paper, salaries run 278% lower in Drangsnes. That's worth factoring in alongside costs, though remote workers earning in a stronger currency may not notice the difference at all.

Childcare runs $616 in Lisbon versus $325 in Drangsnes. Over years of preschool, even a modest monthly gap compounds into a major financial factor for families.

Dining out is cheaper in Drangsnes – a meal for two runs $142 versus $63.0 in Lisbon. If you eat out regularly, this makes a real dent in your monthly spending.

At $1,595 in Drangsnes versus $2,291 in Lisbon, a $1,000 budget is realistic in Drangsnes but tight or insufficient in Lisbon. The gap between the two cities makes Drangsnes the clear choice for anyone on this budget.

Both work as nomad bases, but Drangsnes delivers better value – similar infrastructure at $1,595 monthly. If stretching your runway or maximizing savings is the goal, the price difference makes Drangsnes hard to pass up.

Safety-wise, Lisbon and Drangsnes 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 Drangsnes gentler on the wallet – expenses run 44% less than in Lisbon. Beyond cost, consider language, visa policies, and how big the international community is in each city.