Last update: Oct 2026

Cost of Living Comparison Between Lisbon and Egilsstadir

For one person, living is cheaper in Egilsstadir: $623 a month against $2,203 in Lisbon, rent and utilities included – about $19,000 less a year. Rent and utilities account for most of the difference.

108

Cost of Living Index in Lisbon
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Lisbon Living Index

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Lisbon

🇵🇹 Portugal

$2,203

/mo nomad

Egilsstadir

🇮🇸 Iceland

$623

/mo nomad

Monthly Cost of Living

How much you'll spend in Lisbon and in Egilsstadir

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

Monthly costs for one person with rent: $2,203 in Lisbon versus $623 in Egilsstadir.

Lisbon $2,203
Egilsstadir $623

Estimated couple costs with rent: $3,237 in Lisbon versus $1,044 in Egilsstadir.

Lisbon $3,237
Egilsstadir $1,044

Monthly costs for a family of three with rent: $4,272 in Lisbon versus $1,465 in Egilsstadir.

Lisbon $4,272
Egilsstadir $1,465

Living in Lisbon is roughly 253% more expensive than in Egilsstadir, and outside of rent the biggest gap is in groceries.

The two cities straddle the global median: Lisbon is 64% above, Egilsstadir is 53% below.

Meal at Budget Restaurant

$17.01 €15.18

Three-Course Dinner for Two, Mid-Range

$62.7 €56.0

Fast Food Meal (McDonalds, etc)

$11.42 €10.19

Cappuccino

$3.09 €2.76

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

$2.37 €2.11

Water (0.33 liter bottle)

$1.66 €1.48

Local Beer (0.5 liter draught)

$3.46 €3.09

Imported Beer (0.33 liter bottle)

$3.29 €2.93

Milk (1 liter)

$1.17 €1.04

$1.70 ISK 207

-31.18%

White Bread (500g)

$1.87 €1.66

$2.85 ISK 348

-34.39%

Rice (white) (1kg)

$1.52 €1.36

$2.48 ISK 302

-38.71%

Eggs

$3.88 €3.46

$5.85 ISK 713

-33.68%

Local Cheese (1kg)

$12.87 €11.49

$22.28 ISK 2,717

-42.24%

Chicken Fillets (1kg)

$7.94 €7.08

$33.23 ISK 4,052

-76.11%

Beef Round Steak (1kg)

$17.63 €15.73

$43.56 ISK 5,312

-59.53%

Apples (1kg)

$2.26 €2.01

$2.70 ISK 329

-16.30%

Banana (1kg)

$1.76 €1.57

$2.45 ISK 298

-28.16%

Oranges (1kg)

$1.88 €1.68

$2.54 ISK 310

-25.98%

Tomato (1kg)

$2.47 €2.20

$3.85 ISK 469

-35.84%

Potato (1kg)

$1.86 €1.66

$4.40 ISK 536

-57.73%

Onion (1kg)

$2.07 €1.85

$2.11 ISK 257

-1.90%

Lettuce (1 head)

$1.39 €1.24

$2.20 ISK 268

-36.82%

Water (1.5 liter bottle)

$0.81 €0.73

$2.22 ISK 271

-63.51%

Cigarettes 20 Pack (Marlboro, Camel)

$6.89 €6.15

Wine (Bottle)

$5.53 €4.93

$22.37 ISK 2,728

-75.28%

Local Beer (0.5 liter bottle)

$1.33 €1.19

$3.99 ISK 487

-66.67%

Imported Beer (0.33 liter bottle)

$2.17 €1.93

$3.56 ISK 434

-39.04%

One-way Ticket (Public Transport)

$2.24 €2.00

Public Transport Monthly Pass (Regular Price)

$45.14 €40.29

Taxi Start (Normal Tariff)

$4.00 €3.57

$6.11 ISK 745

-34.53%

Taxi (Normal Tariff) (1km)

$1.07 €0.95

Taxi 1hour Waiting (Normal Tariff)

$16.53 €14.75

Gasoline (1 liter)

$2.26 €2.02

$2.33 ISK 284

-3.00%

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

$33.5K €29.9K

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

$40.5K €36.1K

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

$164 €146

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

$18.54 €16.55

Internet (50+ Mbps, Unlimited Data)

$33.21 €29.64

Gym Membership (Monthly)

$46.01 €41.06

Tennis Court (1 Hour on Weekend)

$18.80 €16.78

Cinema Ticket

$9.47 €8.45

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

$690 €615

International Primary School, 1 Child (Yearly)

$16.9K €15.0K

Jeans (Levis 501 Or Similar)

$105 €93.4

Summer Dress (H&M, Zara, etc)

$45.27 €40.40

Sport Shoes (Adidas, Nike)

$99.0 €88.3

Men's Leather Business Shoes

$124 €111

1-bedroom Apartment, City Center (Monthly)

$1,583 €1,413

1-bedroom Apartment, Outside City Center (Monthly)

$1,209 €1,079

3-bedroom Apartment, City Center (Monthly)

$2,833 €2,528

3-bedroom Apartment, Outside City Center (Monthly)

$1,964 €1,753

Buy Apartment in City Center (m2)

$7,643 €6,821

Buy Apartment Outside City Center (m2)

$4,431 €3,954

Average Monthly Net Salary (After Tax)

$1,573 €1,403

20-Year Fixed Mortgage Interest Rate (Annual %)

3.79

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

Last update for Lisbon: October 4, 2026

Last update for Egilsstadir: October 5, 2026

Monthly budget structure

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

Accommodation & Living

Lisbon

$1.2K 54%

Egilsstadir

–

Groceries & Markets

Lisbon

$272 12.1%

Egilsstadir

–

Eating Out

Lisbon

$247 11%

Egilsstadir

–

Monthly Utilities & Internet

Lisbon

$215 9.6%

Egilsstadir

–

Clothing & Footwear

Lisbon

$168 7.5%

Egilsstadir

–

Sport & Entertainment

Lisbon

$65 2.9%

Egilsstadir

–

Getting Around

Lisbon

$63 2.8%

Egilsstadir

–

Good to know

🇵🇹 Lisbon

🇮🇸 Egilsstadir

🕒 Local time

14:55 2:55 PM

13:55 1:55 PM

1 h behind Lisbon

🌤 Weather

👥 Population

545,923 Capital

2,500

💱 Currency

Euro EUR €

Icelandic Króna ISK kr

📈 Exchange rate

1 EUR = 1.12 USD

1,000 ISK = 8.2 USD

1,000 ISK = 7.32 EUR

Exchange rates and currency converter

ISK, USD to EUR – Euro Converter

🇺🇸 United States Dollar ($)

🇪🇺 Euro (€)

Euro exchange rates as of October 10, 2026: 1 USD = 0.892 EUR (1 EUR = 1.12 USD).

Icelandic Króna exchange rates as of October 10, 2026: 1 USD = 122 ISK (1,000 ISK = 8.2 USD). 1 EUR = 137 ISK (1,000 ISK = 7.32 EUR).

USD to EUR in detail →

On the map

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Between locations

Lisbon Egilsstadir 2,970 km ≈ 4 h 15 min nonstop flight

From you

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Egilsstadir

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 Egilsstadir: Cost of Living - Frequently Asked Questions

Egilsstadir is cheaper overall, especially in eating out, clothing, and leisure. The 253% gap adds up to real monthly savings that compound significantly over time.

You'd need roughly $3,304 in Lisbon and $935 in Egilsstadir to live well. The gap comes down to housing and overall price levels. Both cities are liveable on less, but these numbers represent actual comfort.

Shoppers in Lisbon pay roughly 130% less for everyday groceries. It's an unusual reversal that partly offsets higher costs elsewhere.

All in, you'll spend $2,203 per month in Lisbon versus $623 in Egilsstadir – a 253% gap that adds up to real savings over time for anyone picking the cheaper option.

At $623 in Egilsstadir versus $2,203 in Lisbon, a $1,500 budget is realistic in Egilsstadir but tight or insufficient in Lisbon. The gap between the two cities makes Egilsstadir the clear choice for anyone on this budget.

For families, Egilsstadir is more practical. Housing and childcare are both notably cheaper than in Lisbon, and the savings on those two alone free up budget for education, activities, and family trips.

Safety-wise, Lisbon and Egilsstadir 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 Egilsstadir gentler on the wallet – expenses run 253% less than in Lisbon. Beyond cost, consider language, visa policies, and how big the international community is in each city.