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: $2,210 in Lisbon versus $1,599 in Drangsnes.

Estimated couple costs with rent: $3,311 in Lisbon versus $2,818 in Drangsnes.

Monthly costs for a family of three with rent: $4,411 in Lisbon versus $4,038 in Drangsnes.

Living in Lisbon is roughly 38% more expensive than Drangsnes, driven mainly by Groceries & Markets.

Both cities are pricier than the global median: Lisbon 65% above, Drangsnes 19% above.

Meal at Budget Restaurant

$15.91 €13.69

$26.52 ISK 3,270

-40.01%

Three-Course Dinner for Two, Mid-Range

$64.8 €55.7

$145 ISK 17.9K

-55.35%

Fast Food Meal (McDonalds, etc)

$10.51 €9.04

$22.27 ISK 2,745

-52.81%

Cappuccino

$2.87 €2.47

$6.13 ISK 756

-53.18%

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

$2.24 €1.93

$3.37 ISK 415

-33.53%

Water (0.33 liter bottle)

$1.50 €1.29

$2.55 ISK 314

-41.18%

Local Beer (0.5 liter draught)

$3.49 €3.00

$12.79 ISK 1,577

-72.71%

Imported Beer (0.33 liter bottle)

$3.88 €3.34

$11.42 ISK 1,407

-66.02%

Milk (1 liter)

$1.14 €0.98

$1.89 ISK 233

-39.68%

White Bread (500g)

$1.75 €1.51

$4.21 ISK 519

-58.43%

Rice (white) (1kg)

$1.76 €1.51

$3.63 ISK 448

-51.52%

Eggs

$3.22 €2.77

$6.39 ISK 788

-49.61%

Local Cheese (1kg)

$13.49 €11.61

$18.00 ISK 2,219

-25.06%

Chicken Fillets (1kg)

$7.91 €6.81

$24.50 ISK 3,021

-67.71%

Beef Round Steak (1kg)

$15.87 €13.65

$42.46 ISK 5,235

-62.62%

Apples (1kg)

$2.31 €1.99

$3.35 ISK 412

-31.04%

Banana (1kg)

$1.70 €1.46

$2.41 ISK 297

-29.46%

Oranges (1kg)

$2.01 €1.73

$3.10 ISK 382

-35.16%

Tomato (1kg)

$2.46 €2.12

$4.93 ISK 608

-50.10%

Potato (1kg)

$1.84 €1.59

$3.51 ISK 433

-47.58%

Onion (1kg)

$2.00 €1.72

$2.34 ISK 288

-14.53%

Lettuce (1 head)

$1.93 €1.66

$3.15 ISK 388

-38.73%

Water (1.5 liter bottle)

$0.79 €0.68

$2.01 ISK 247

-60.70%

Cigarettes 20 Pack (Marlboro, Camel)

$6.61 €5.68

$13.56 ISK 1,672

-51.25%

Wine (Bottle)

$5.72 €4.92

$23.69 ISK 2,922

-75.85%

Local Beer (0.5 liter bottle)

$1.37 €1.17

$3.66 ISK 451

-62.57%

Imported Beer (0.33 liter bottle)

$2.97 €2.56

$3.19 ISK 393

-6.90%

One-way Ticket (Public Transport)

$2.37 €2.04

Public Transport Monthly Pass (Regular Price)

$45.56 €39.19

Taxi Start (Normal Tariff)

$4.29 €3.69

$6.30 ISK 776

-31.90%

Taxi (Normal Tariff) (1km)

$0.82 €0.70

$2.60 ISK 321

-68.46%

Taxi 1hour Waiting (Normal Tariff)

$18.30 €15.74

$86.5 ISK 10.7K

-78.85%

Gasoline (1 liter)

$2.06 €1.78

$2.52 ISK 310

-18.25%

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

$34.3K €29.5K

$47.4K ISK 5.8M

-27.69%

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

$39.3K €33.8K

$53.0K ISK 6.5M

-25.88%

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

$148 €127

$88.8 ISK 10.9K

66.56%

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

$20.52 €17.65

$27.54 ISK 3,396

-25.49%

Internet (50+ Mbps, Unlimited Data)

$39.61 €34.08

$86.0 ISK 10.6K

-53.92%

Gym Membership (Monthly)

$47.85 €41.16

Tennis Court (1 Hour on Weekend)

$18.92 €16.28

Cinema Ticket

$9.18 €7.90

$17.51 ISK 2,159

-47.57%

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

$614 €528

$324 ISK 39.9K

89.55%

International Primary School, 1 Child (Yearly)

$16.0K €13.8K

$30.3K ISK 3.7M

-47.06%

Jeans (Levis 501 Or Similar)

$105 €90.0

$138 ISK 17.0K

-24.10%

Summer Dress (H&M, Zara, etc)

$42.06 €36.18

$62.3 ISK 7,686

-32.53%

Sport Shoes (Adidas, Nike)

$94.0 €80.8

$181 ISK 22.3K

-48.08%

Men's Leather Business Shoes

$120 €103

$270 ISK 33.3K

-55.72%

1-bedroom Apartment, City Center (Monthly)

$1,628 €1,400

1-bedroom Apartment, Outside City Center (Monthly)

$1,255 €1,080

3-bedroom Apartment, City Center (Monthly)

$3,030 €2,607

3-bedroom Apartment, Outside City Center (Monthly)

$2,020 €1,738

Buy Apartment in City Center (m2)

$7,800 €6,709

Buy Apartment Outside City Center (m2)

$4,273 €3,675

Average Monthly Net Salary (After Tax)

$1,603 €1,379

$5,971 ISK 736.3K

-73.15%

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 1, 2026

Last update for Drangsnes: June 1, 2026

Cost Breakdown

Drangsnes pays 272% more on average while also being the cheaper of the two. The combined effect is a noticeably stronger local purchasing power.

Dining out: $65.0 in Lisbon vs $145 in Drangsnes for a mid-range dinner for two. Groceries echo the gap at $269 vs $597 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 38% 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, Drangsnes earns 272% less. That's worth factoring in alongside costs, though remote workers earning in a stronger currency may not notice the difference at all.

Childcare runs $614 in Lisbon versus $324 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 $145 versus $65.0 in Lisbon. If you eat out regularly, this makes a real dent in your monthly spending.

At $1,599 in Drangsnes versus $2,210 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 $1,599 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 38% less than in Lisbon. Beyond cost, consider language, visa policies, and how big the international community is in each city.