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

Monthly Cost of Living

Monthly costs for one person with rent: $2,268 in Lisbon versus $1,715 in Grundarfjordur.

Estimated couple costs with rent: $3,348 in Lisbon versus $2,970 in Grundarfjordur.

Monthly costs for a family of three with rent: $4,429 in Lisbon versus $4,225 in Grundarfjordur.

Living in Lisbon is roughly 32% more expensive than in Grundarfjordur, driven mainly by Groceries & Markets.

Both cities are pricier than the global median: Lisbon 64% above, Grundarfjordur 24% above.

Meal at Budget Restaurant

$17.55 €15.12

$29.54 ISK 3,559

-40.59%

Three-Course Dinner for Two, Mid-Range

$64.5 €55.6

$135 ISK 16.3K

-52.27%

Fast Food Meal (McDonalds, etc)

$11.65 €10.04

$26.97 ISK 3,248

-56.80%

Cappuccino

$3.26 €2.81

$6.94 ISK 836

-53.03%

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

$2.49 €2.15

$3.33 ISK 401

-25.23%

Water (0.33 liter bottle)

$1.67 €1.44

$3.18 ISK 383

-47.48%

Local Beer (0.5 liter draught)

$3.47 €2.99

$14.21 ISK 1,712

-75.58%

Imported Beer (0.33 liter bottle)

$3.58 €3.08

$12.21 ISK 1,471

-70.68%

Milk (1 liter)

$1.18 €1.02

$2.10 ISK 252

-43.81%

White Bread (500g)

$1.95 €1.68

$4.27 ISK 515

-54.33%

Rice (white) (1kg)

$1.56 €1.35

$3.60 ISK 433

-56.67%

Eggs

$4.01 €3.46

$7.15 ISK 861

-43.92%

Local Cheese (1kg)

$13.27 €11.44

$21.18 ISK 2,551

-37.35%

Chicken Fillets (1kg)

$8.42 €7.26

$25.22 ISK 3,038

-66.61%

Beef Round Steak (1kg)

$18.23 €15.72

$42.21 ISK 5,084

-56.81%

Apples (1kg)

$2.32 €2.00

$3.43 ISK 413

-32.36%

Banana (1kg)

$1.73 €1.49

$2.81 ISK 339

-38.43%

Oranges (1kg)

$1.93 €1.67

$3.29 ISK 396

-41.34%

Tomato (1kg)

$2.64 €2.27

$6.20 ISK 747

-57.42%

Potato (1kg)

$1.90 €1.64

$3.92 ISK 472

-51.53%

Onion (1kg)

$2.11 €1.82

$1.70 ISK 205

24.12%

Lettuce (1 head)

$1.44 €1.24

$3.70 ISK 446

-61.08%

Water (1.5 liter bottle)

$0.80 €0.69

$1.78 ISK 214

-55.06%

Cigarettes 20 Pack (Marlboro, Camel)

$7.01 €6.04

$14.17 ISK 1,706

-50.53%

Wine (Bottle)

$5.92 €5.11

$23.80 ISK 2,867

-75.13%

Local Beer (0.5 liter bottle)

$1.36 €1.18

$3.73 ISK 450

-63.54%

Imported Beer (0.33 liter bottle)

$2.15 €1.85

$3.36 ISK 405

-36.01%

One-way Ticket (Public Transport)

$2.38 €2.05

Public Transport Monthly Pass (Regular Price)

$46.22 €39.85

Taxi Start (Normal Tariff)

$4.19 €3.61

$6.81 ISK 820

-38.47%

Taxi (Normal Tariff) (1km)

$1.10 €0.95

$2.86 ISK 345

-61.54%

Taxi 1hour Waiting (Normal Tariff)

$17.26 €14.88

$74.8 ISK 9,004

-76.91%

Gasoline (1 liter)

$2.25 €1.94

$1.93 ISK 232

16.58%

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

$34.5K €29.7K

$50.3K ISK 6.1M

-31.48%

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

$41.6K €35.9K

$53.6K ISK 6.5M

-22.39%

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

$171 €147

$88.3 ISK 10.6K

93.57%

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

$19.01 €16.38

$32.53 ISK 3,918

-41.56%

Internet (50+ Mbps, Unlimited Data)

$34.28 €29.55

$83.0 ISK 9,997

-58.70%

Gym Membership (Monthly)

$49.65 €42.80

Tennis Court (1 Hour on Weekend)

$19.51 €16.81

Cinema Ticket

$10.10 €8.71

$19.37 ISK 2,333

-47.86%

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

$699 €603

$1,205 ISK 145.2K

-41.98%

International Primary School, 1 Child (Yearly)

$17.8K €15.3K

$30.9K ISK 3.7M

-42.45%

Jeans (Levis 501 Or Similar)

$105 €90.2

$158 ISK 19.0K

-33.64%

Summer Dress (H&M, Zara, etc)

$47.97 €41.35

$66.7 ISK 8,029

-28.04%

Sport Shoes (Adidas, Nike)

$102 €87.8

$180 ISK 21.7K

-43.54%

Men's Leather Business Shoes

$128 €111

$247 ISK 29.8K

-48.10%

1-bedroom Apartment, City Center (Monthly)

$1,661 €1,432

1-bedroom Apartment, Outside City Center (Monthly)

$1,228 €1,059

3-bedroom Apartment, City Center (Monthly)

$2,915 €2,513

3-bedroom Apartment, Outside City Center (Monthly)

$2,023 €1,744

Buy Apartment in City Center (m2)

$8,129 €7,007

Buy Apartment Outside City Center (m2)

$4,635 €3,996

$1,148 ISK 138.2K

303.91%

Average Monthly Net Salary (After Tax)

$1,619 €1,396

20-Year Fixed Mortgage Interest Rate (Annual %)

3.78

8.88

-57.43%

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

Last update for Lisbon: September 5, 2026

Last update for Grundarfjordur: September 6, 2026

Cost Breakdown

Dining out: $64.0 in Lisbon vs $135 in Grundarfjordur for a mid-range dinner for two. Groceries echo the gap at $281 vs $625 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 Grundarfjordur: Cost of Living - Frequently Asked Questions

Grundarfjordur wins on cost – living expenses run 32% lower than in Lisbon. Housing and daily spending are where you'll feel the difference most, making Grundarfjordur the obvious pick if budget is a priority.

You'd need roughly $3,402 in Lisbon and $2,573 in Grundarfjordur 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 122% less for everyday groceries. It's an unusual reversal that partly offsets higher costs elsewhere.

All in, you'll spend $2,268 per month in Lisbon versus $1,715 in Grundarfjordur – a 32% gap that adds up to real savings over time for anyone picking the cheaper option.

At $1,715 in Grundarfjordur versus $2,268 in Lisbon, a $2,000 budget is realistic in Grundarfjordur but tight or insufficient in Lisbon. The gap between the two cities makes Grundarfjordur the clear choice for anyone on this budget.

Both work as nomad bases, but Grundarfjordur delivers better value – similar infrastructure at $1,715 monthly. If stretching your runway or maximizing savings is the goal, the price difference makes Grundarfjordur hard to pass up.

Safety-wise, Lisbon and Grundarfjordur 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 Grundarfjordur gentler on the wallet – expenses run 32% less than in Lisbon. Beyond cost, consider language, visa policies, and how big the international community is in each city.