Cost of Living Comparison Between Lisbon and Grundarfjordur Cost of Living Comparison Between Lisbon and Grundarfjordur

🙂 Solo nomad: Lisbon is 38.8% cheaper than Grundarfjordur without rent, and 41.3% more expensive with rent.

🙂 Family of 3: Lisbon is 35.4% cheaper than Grundarfjordur without rent, and 7.2% more expensive with rent.

Meal at Budget Restaurant

$16.09 €13.89

$26.89 ISK 3,354

-40.16%

Three-Course Dinner for Two, Mid-Range

$64.1 €55.3

$143 ISK 17.8K

-55.19%

Fast Food Meal (McDonalds, etc)

$10.28 €8.88

$22.13 ISK 2,761

-53.55%

Cappuccino

$2.78 €2.4

$6.16 ISK 769

-54.87%

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

$2.23 €1.92

$3.24 ISK 404

-31.17%

Water (0.33 liter bottle)

$1.57 €1.35

$2.51 ISK 313

-37.45%

Local Beer (0.5 liter draught)

$3.41 €2.95

$12.69 ISK 1,583

-73.13%

Imported Beer (0.33 liter bottle)

$3.82 €3.3

$11.45 ISK 1,428

-66.64%

Milk (1 liter)

$1.14 €0.98

$1.93 ISK 241

-40.93%

White Bread (500g)

$1.73 €1.49

$4.39 ISK 547

-60.59%

Rice (white) (1kg)

$1.67 €1.44

$3.67 ISK 458

-54.50%

Eggs

$3.13 €2.7

$6.52 ISK 814

-51.99%

Local Cheese (1kg)

$13.31 €11.5

$18.17 ISK 2,266

-26.75%

Chicken Fillets (1kg)

$7.99 €6.9

$24.29 ISK 3,030

-67.11%

Beef Round Steak (1kg)

$15.97 €13.79

$41.67 ISK 5,198

-61.68%

Apples (1kg)

$2.28 €1.97

$3.24 ISK 404

-29.63%

Banana (1kg)

$1.7 €1.47

$2.5 ISK 311

-32.00%

Oranges (1kg)

$2.04 €1.76

$2.99 ISK 373

-31.77%

Tomato (1kg)

$2.55 €2.2

$4.97 ISK 621

-48.69%

Potato (1kg)

$1.76 €1.52

$3.68 ISK 459

-52.17%

Onion (1kg)

$2.05 €1.77

$2.39 ISK 298

-14.23%

Lettuce (1 head)

$1.98 €1.71

$3.15 ISK 393

-37.14%

Water (1.5 liter bottle)

$0.81 €0.7

$1.95 ISK 243

-58.46%

Cigarettes 20 Pack (Marlboro, Camel)

$6.59 €5.69

$13.79 ISK 1,720

-52.21%

Wine (Bottle)

$5.87 €5.07

$24.42 ISK 3,047

-75.96%

Local Beer (0.5 liter bottle)

$1.33 €1.15

$3.73 ISK 466

-64.34%

Imported Beer (0.33 liter bottle)

$2.92 €2.52

$3.32 ISK 414

-12.05%

One-way Ticket (Public Transport)

$2.27 €1.96

Public Transport Monthly Pass (Regular Price)

$46.15 €39.85

Taxi Start (Normal Tariff)

$4.23 €3.66

$6.49 ISK 810

-34.82%

Taxi (Normal Tariff) (1km)

$0.86 €0.75

$2.66 ISK 331

-67.67%

Taxi 1hour Waiting (Normal Tariff)

$18.68 €16.13

$85.7 ISK 10.7K

-78.19%

Gasoline (1 liter)

$2.09 €1.81

$2.43 ISK 304

-13.99%

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

$34.5K €29.8K

$47.9K ISK 6M

-28.02%

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

$39.6K €34.2K

$52.3K ISK 6.5M

-24.20%

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

$148 €128

$88.5 ISK 11K

67.62%

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

$20.98 €18.11

$27.54 ISK 3,436

-23.82%

Internet (50+ Mbps, Unlimited Data)

$39.65 €34.24

$83.9 ISK 10.5K

-52.72%

Gym Membership (Monthly)

$47.92 €41.37

Tennis Court (1 Hour on Weekend)

$18.57 €16.03

Cinema Ticket

$9.38 €8.1

$17.39 ISK 2,170

-46.06%

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

$607 €524

$318 ISK 39.6K

91.24%

International Primary School, 1 Child (Yearly)

$16.1K €13.9K

$30.7K ISK 3.8M

-47.49%

Jeans (Levis 501 Or Similar)

$104 €90.1

$139 ISK 17.3K

-24.72%

Summer Dress (H&M, Zara, etc)

$41.09 €35.48

$61 ISK 7,607

-32.62%

Sport Shoes (Adidas, Nike)

$92.7 €80

$183 ISK 22.8K

-49.27%

Men's Leather Business Shoes

$119 €102

$268 ISK 33.4K

-55.69%

1-bedroom Apartment, City Center (Monthly)

$1,592 €1,375

1-bedroom Apartment, Outside City Center (Monthly)

$1,262 €1,090

3-bedroom Apartment, City Center (Monthly)

$3,046 €2,630

3-bedroom Apartment, Outside City Center (Monthly)

$2,069 €1,787

Buy Apartment in City Center (m2)

$7,280 €6,286

Buy Apartment Outside City Center (m2)

$4,549 €3,928

$1,147 ISK 143.1K

296.59%

Average Monthly Net Salary (After Tax)

$1,462 €1,263

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: October 28, 2025

Last update for Grundarfjordur: October 27, 2025

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