Last update: Oct 2026

Cost of Living Comparison Between Lisbon and Drangsnes

For one person, living is cheaper in Drangsnes: $1,712 a month against $2,223 in Lisbon, rent and utilities included – about $6,100 less a year. Higher rent and utilities in Lisbon outweigh lower spending on other living expenses.

107

Cost of Living Index in Lisbon
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Lisbon Living Index
84

Cost of Living Index in Drangsnes
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Drangsnes Living Index

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Lisbon

🇵🇹 Portugal

$2,223

/mo nomad

Drangsnes

🇮🇸 Iceland

$1,712

/mo nomad

Monthly Cost of Living

How much you'll spend in Lisbon and in Drangsnes

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 Drangsnes actually costs, broken down by who's living it.

Monthly costs for one person with rent: $2,223 in Lisbon versus $1,712 in Drangsnes.

Lisbon $2,223
Drangsnes $1,712

Estimated couple costs with rent: $3,271 in Lisbon versus $2,910 in Drangsnes.

Lisbon $3,271
Drangsnes $2,910

Monthly costs for a family of three with rent: $4,319 in Lisbon versus $4,109 in Drangsnes.

Lisbon $4,319
Drangsnes $4,109

Living in Lisbon is roughly 30% more expensive than in Drangsnes, and outside of rent the biggest gap is in groceries.

Both cities are pricier than the global median: Lisbon 65% above, Drangsnes 27% above.

Meal at Budget Restaurant

$16.50 €14.67

$30.53 ISK 3,703

-45.95%

Three-Course Dinner for Two, Mid-Range

$61.3 €54.5

$122 ISK 14.8K

-49.64%

Fast Food Meal (McDonalds, etc)

$11.27 €10.03

$27.37 ISK 3,320

-58.82%

Cappuccino

$3.06 €2.72

$6.65 ISK 806

-53.98%

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

$2.26 €2.01

$3.40 ISK 412

-33.53%

Water (0.33 liter bottle)

$1.73 €1.54

$3.02 ISK 366

-42.72%

Local Beer (0.5 liter draught)

$3.39 €3.02

$14.04 ISK 1,703

-75.85%

Imported Beer (0.33 liter bottle)

$3.40 €3.02

$12.40 ISK 1,504

-72.58%

Milk (1 liter)

$1.12 €1.00

$2.10 ISK 255

-46.67%

White Bread (500g)

$1.86 €1.65

$4.32 ISK 523

-56.94%

Rice (white) (1kg)

$1.53 €1.36

$3.65 ISK 443

-58.08%

Eggs

$3.96 €3.53

$6.97 ISK 845

-43.19%

Local Cheese (1kg)

$12.76 €11.35

$21.84 ISK 2,649

-41.58%

Chicken Fillets (1kg)

$7.90 €7.02

$24.20 ISK 2,935

-67.36%

Beef Round Steak (1kg)

$16.97 €15.09

$41.38 ISK 5,019

-58.99%

Apples (1kg)

$2.27 €2.02

$3.35 ISK 406

-32.24%

Banana (1kg)

$1.75 €1.55

$2.78 ISK 337

-37.05%

Oranges (1kg)

$1.85 €1.64

$3.27 ISK 397

-43.43%

Tomato (1kg)

$2.57 €2.28

$6.43 ISK 780

-60.03%

Potato (1kg)

$1.86 €1.65

$3.81 ISK 462

-51.18%

Onion (1kg)

$2.02 €1.80

$1.63 ISK 198

23.93%

Lettuce (1 head)

$1.44 €1.28

$3.82 ISK 463

-62.30%

Water (1.5 liter bottle)

$0.82 €0.73

$1.81 ISK 219

-54.70%

Cigarettes 20 Pack (Marlboro, Camel)

$6.56 €5.83

$14.12 ISK 1,713

-53.54%

Wine (Bottle)

$5.62 €5.00

$23.60 ISK 2,862

-76.19%

Local Beer (0.5 liter bottle)

$1.28 €1.14

$3.69 ISK 447

-65.31%

Imported Beer (0.33 liter bottle)

$2.07 €1.84

$3.33 ISK 403

-37.84%

One-way Ticket (Public Transport)

$2.35 €2.09

Public Transport Monthly Pass (Regular Price)

$44.18 €39.30

Taxi Start (Normal Tariff)

$3.99 €3.55

$6.66 ISK 808

-40.09%

Taxi (Normal Tariff) (1km)

$1.09 €0.97

$2.91 ISK 353

-62.54%

Taxi 1hour Waiting (Normal Tariff)

$16.64 €14.81

$80.9 ISK 9,806

-79.42%

Gasoline (1 liter)

$2.28 €2.03

$2.12 ISK 257

7.55%

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

$33.7K €30.0K

$50.3K ISK 6.1M

-33.07%

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

$39.3K €35.0K

$53.0K ISK 6.4M

-25.81%

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

$167 €149

$95.5 ISK 11.6K

75.46%

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

$18.80 €16.72

$32.50 ISK 3,942

-42.15%

Internet (50+ Mbps, Unlimited Data)

$33.09 €29.43

$85.5 ISK 10.4K

-61.28%

Gym Membership (Monthly)

$46.01 €40.93

Tennis Court (1 Hour on Weekend)

$19.19 €17.07

Cinema Ticket

$9.84 €8.75

$19.83 ISK 2,405

-50.38%

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

$677 €602

$1,173 ISK 142.3K

-42.26%

International Primary School, 1 Child (Yearly)

$16.9K €15.1K

$26.3K ISK 3.2M

-35.66%

Jeans (Levis 501 Or Similar)

$101 €90.1

$150 ISK 18.1K

-32.32%

Summer Dress (H&M, Zara, etc)

$45.76 €40.70

$66.2 ISK 8,034

-30.92%

Sport Shoes (Adidas, Nike)

$100.0 €88.9

$180 ISK 21.9K

-44.54%

Men's Leather Business Shoes

$123 €109

$250 ISK 30.4K

-50.98%

1-bedroom Apartment, City Center (Monthly)

$1,614 €1,436

1-bedroom Apartment, Outside City Center (Monthly)

$1,197 €1,065

3-bedroom Apartment, City Center (Monthly)

$2,862 €2,545

3-bedroom Apartment, Outside City Center (Monthly)

$1,990 €1,770

Buy Apartment in City Center (m2)

$7,577 €6,740

Buy Apartment Outside City Center (m2)

$4,307 €3,831

Average Monthly Net Salary (After Tax)

$1,588 €1,412

$6,197 ISK 751.6K

-74.38%

20-Year Fixed Mortgage Interest Rate (Annual %)

3.85

8.81

-56.30%

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

Last update for Lisbon: October 11, 2026

Last update for Drangsnes: October 10, 2026

Monthly budget structure

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

Accommodation & Living

Lisbon

$1.2K 53.9%

Drangsnes

- * 0% 100%

Groceries & Markets

Lisbon

$269 12.1%

Drangsnes

$620 36.2% 130% $351

Eating Out

Lisbon

$242 10.9%

Drangsnes

$527 30.8% 118% $285

Monthly Utilities & Internet

Lisbon

$219 9.9%

Drangsnes

$213 12.5% 2.7% $5.9

Clothing & Footwear

Lisbon

$166 7.5%

Drangsnes

$291 17% 74.9% $125

Sport & Entertainment

Lisbon

$66 3%

Drangsnes

$40 * 2.3% 39.6% $26

Getting Around

Lisbon

$63 2.8%

Drangsnes

$21 * 1.2% 66.3% $42

Categories marked with * are only partly priced – their share counts the items that do have prices.

Cost Breakdown

Drangsnes pays 290% more on average while also being the cheaper of the two. The combined effect is a noticeably stronger local purchasing power.

Dining out: $61.0 in Lisbon vs $122 in Drangsnes for a mid-range dinner for two. Groceries echo the gap at $269 vs $620 per month, with Lisbon cheaper across the board.

Good to know

🇵🇹 Lisbon

🇮🇸 Drangsnes

🕒 Local time

03:39 3:39 AM

02:39 2:39 AM

1 h behind Lisbon

🌤 Weather

👥 Population

545,923 Capital

100

💱 Currency

Euro EUR €

Icelandic Króna ISK kr

📈 Exchange rate

1 EUR = 1.12 USD

1,000 ISK = 8.24 USD

1,000 ISK = 7.33 EUR

Exchange rates and currency converter

ISK, USD to EUR – Euro Converter

🇺🇸 United States Dollar ($)

🇪🇺 Euro (€)

Euro exchange rates as of October 19, 2026: 1 USD = 0.889 EUR (1 EUR = 1.12 USD).

Icelandic Króna exchange rates as of October 19, 2026: 1 USD = 121 ISK (1,000 ISK = 8.24 USD). 1 EUR = 136 ISK (1,000 ISK = 7.33 EUR).

USD to EUR in detail →

On the map

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Highest

Between locations

Lisbon Drangsnes 3,100 km ≈ 4 h 30 min nonstop flight

From you

Lisbon
Drangsnes

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 Drangsnes: Cost of Living - Frequently Asked Questions

Drangsnes wins on cost – living expenses run 30% 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 290% 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 $677 in Lisbon versus $1,173 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 $122 versus $61.0 in Lisbon. If you eat out regularly, this makes a real dent in your monthly spending.

At $1,712 in Drangsnes versus $2,223 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 $1,712 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 30% less than in Lisbon. Beyond cost, consider language, visa policies, and how big the international community is in each city.