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: $2,316 in Lisbon versus $1,724 in Drangsnes.

Estimated couple costs with rent: $3,361 in Lisbon versus $2,966 in Drangsnes.

Monthly costs for a family of three with rent: $4,405 in Lisbon versus $4,208 in Drangsnes.

Living in Lisbon is roughly 34% more expensive than in Drangsnes, driven mainly by Groceries & Markets.

Both cities are pricier than the global median: Lisbon 69% above, Drangsnes 26% above.

Meal at Budget Restaurant

$17.30 €14.93

$30.11 ISK 3,649

-42.54%

Three-Course Dinner for Two, Mid-Range

$63.3 €54.6

$136 ISK 16.4K

-53.33%

Fast Food Meal (McDonalds, etc)

$11.39 €9.83

$26.43 ISK 3,203

-56.91%

Cappuccino

$3.19 €2.75

$6.90 ISK 836

-53.77%

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

$2.45 €2.11

$3.27 ISK 396

-25.08%

Water (0.33 liter bottle)

$1.76 €1.52

$3.31 ISK 401

-46.83%

Local Beer (0.5 liter draught)

$3.59 €3.10

$14.10 ISK 1,708

-74.54%

Imported Beer (0.33 liter bottle)

$3.39 €2.93

$12.45 ISK 1,509

-72.77%

Milk (1 liter)

$1.24 €1.07

$2.11 ISK 256

-41.23%

White Bread (500g)

$1.98 €1.71

$4.31 ISK 523

-54.06%

Rice (white) (1kg)

$1.52 €1.31

$3.64 ISK 441

-58.24%

Eggs

$4.04 €3.49

$7.04 ISK 853

-42.61%

Local Cheese (1kg)

$13.54 €11.68

$21.03 ISK 2,548

-35.62%

Chicken Fillets (1kg)

$8.39 €7.24

$24.98 ISK 3,027

-66.41%

Beef Round Steak (1kg)

$18.25 €15.75

$41.41 ISK 5,018

-55.93%

Apples (1kg)

$2.29 €1.98

$3.43 ISK 416

-33.24%

Banana (1kg)

$1.74 €1.50

$2.86 ISK 347

-39.16%

Oranges (1kg)

$1.86 €1.60

$3.28 ISK 397

-43.29%

Tomato (1kg)

$2.63 €2.27

$6.48 ISK 786

-59.41%

Potato (1kg)

$1.92 €1.65

$4.12 ISK 499

-53.40%

Onion (1kg)

$2.09 €1.81

$1.69 ISK 205

23.67%

Lettuce (1 head)

$1.44 €1.24

$3.87 ISK 469

-62.79%

Water (1.5 liter bottle)

$0.84 €0.73

$1.83 ISK 222

-54.10%

Cigarettes 20 Pack (Marlboro, Camel)

$6.78 €5.85

$14.21 ISK 1,722

-52.29%

Wine (Bottle)

$5.71 €4.93

$24.41 ISK 2,958

-76.61%

Local Beer (0.5 liter bottle)

$1.38 €1.19

$3.68 ISK 445

-62.50%

Imported Beer (0.33 liter bottle)

$2.22 €1.91

$3.39 ISK 411

-34.51%

One-way Ticket (Public Transport)

$2.40 €2.07

Public Transport Monthly Pass (Regular Price)

$46.78 €40.37

Taxi Start (Normal Tariff)

$4.17 €3.60

$6.62 ISK 802

-37.01%

Taxi (Normal Tariff) (1km)

$1.14 €0.98

$2.79 ISK 338

-59.14%

Taxi 1hour Waiting (Normal Tariff)

$17.68 €15.26

$74.3 ISK 9,006

-76.21%

Gasoline (1 liter)

$2.32 €2.01

$1.93 ISK 233

20.21%

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

$35.3K €30.5K

$51.1K ISK 6.2M

-30.82%

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

$41.4K €35.8K

$53.2K ISK 6.4M

-22.12%

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

$170 €147

$86.6 ISK 10.5K

96.80%

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

$19.34 €16.69

$32.38 ISK 3,924

-40.27%

Internet (50+ Mbps, Unlimited Data)

$33.64 €29.03

$83.7 ISK 10.1K

-59.80%

Gym Membership (Monthly)

$48.10 €41.50

Tennis Court (1 Hour on Weekend)

$19.90 €17.17

Cinema Ticket

$9.92 €8.56

$19.95 ISK 2,418

-50.28%

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

$717 €619

$1,203 ISK 145.7K

-40.35%

International Primary School, 1 Child (Yearly)

$17.5K €15.1K

$31.5K ISK 3.8M

-44.53%

Jeans (Levis 501 Or Similar)

$105 €90.4

$159 ISK 19.2K

-33.93%

Summer Dress (H&M, Zara, etc)

$46.95 €40.51

$65.6 ISK 7,945

-28.40%

Sport Shoes (Adidas, Nike)

$103 €89.2

$179 ISK 21.7K

-42.35%

Men's Leather Business Shoes

$124 €107

$247 ISK 29.9K

-49.73%

1-bedroom Apartment, City Center (Monthly)

$1,677 €1,447

1-bedroom Apartment, Outside City Center (Monthly)

$1,271 €1,097

3-bedroom Apartment, City Center (Monthly)

$2,985 €2,575

3-bedroom Apartment, Outside City Center (Monthly)

$1,992 €1,719

Buy Apartment in City Center (m2)

$7,826 €6,753

Buy Apartment Outside City Center (m2)

$4,658 €4,019

Average Monthly Net Salary (After Tax)

$1,583 €1,366

$6,257 ISK 758.3K

-74.70%

20-Year Fixed Mortgage Interest Rate (Annual %)

3.79

8.88

-57.32%

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

Last update for Lisbon: August 30, 2026

Last update for Drangsnes: August 31, 2026

Cost Breakdown

Drangsnes pays 295% 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 $136 in Drangsnes for a mid-range dinner for two. Groceries echo the gap at $283 vs $626 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 34% 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 295% 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 $717 in Lisbon versus $1,203 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 $136 versus $63.0 in Lisbon. If you eat out regularly, this makes a real dent in your monthly spending.

At $1,724 in Drangsnes versus $2,316 in Lisbon, a $2,000 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 $1,724 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 34% less than in Lisbon. Beyond cost, consider language, visa policies, and how big the international community is in each city.