Last update: Nov 2026

Cost of Living Comparison Between Lisbon and Grundarfjordur

For one person, living is cheaper in Grundarfjordur: $1,716 a month against $2,206 in Lisbon, rent and utilities included – about $5,900 less a year. Higher rent and utilities in Lisbon outweigh lower spending on other living expenses.

106

Cost of Living Index in Lisbon
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Lisbon Living Index
82

Cost of Living Index in Grundarfjordur
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Grundarfjordur Living Index

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Lisbon

🇵🇹 Portugal

$2,206

/mo nomad

Grundarfjordur

🇮🇸 Iceland

$1,716

/mo nomad

Monthly Cost of Living

How much you'll spend in Lisbon and in Grundarfjordur

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

Monthly costs for one person with rent: $2,206 in Lisbon versus $1,716 in Grundarfjordur.

Lisbon $2,206
Grundarfjordur $1,716

Estimated couple costs with rent: $3,276 in Lisbon versus $2,916 in Grundarfjordur.

Lisbon $3,276
Grundarfjordur $2,916

Monthly costs for a family of three with rent: $4,346 in Lisbon versus $4,117 in Grundarfjordur.

Lisbon $4,346
Grundarfjordur $4,117

Living in Lisbon is roughly 29% more expensive than in Grundarfjordur, and outside of rent the biggest gap is in transport.

Both cities are pricier than the global median: Lisbon 63% above, Grundarfjordur 27% above.

Meal at Budget Restaurant

$16.86 €15.01

$31.48 ISK 3,825

-46.44%

Three-Course Dinner for Two, Mid-Range

$61.0 €54.4

$121 ISK 14.7K

-49.71%

Fast Food Meal (McDonalds, etc)

$10.98 €9.78

$26.97 ISK 3,277

-59.29%

Cappuccino

$3.05 €2.72

$6.59 ISK 801

-53.72%

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

$2.28 €2.03

$3.36 ISK 408

-32.14%

Water (0.33 liter bottle)

$1.68 €1.50

$3.20 ISK 389

-47.50%

Local Beer (0.5 liter draught)

$3.44 €3.06

$14.14 ISK 1,718

-75.67%

Imported Beer (0.33 liter bottle)

$3.91 €3.48

$12.34 ISK 1,499

-68.31%

Milk (1 liter)

$1.15 €1.02

$2.08 ISK 253

-44.71%

White Bread (500g)

$1.89 €1.68

$4.31 ISK 523

-56.15%

Rice (white) (1kg)

$1.50 €1.34

$3.53 ISK 429

-57.51%

Eggs

$4.12 €3.66

$7.25 ISK 881

-43.17%

Local Cheese (1kg)

$13.01 €11.58

$21.62 ISK 2,627

-39.82%

Chicken Fillets (1kg)

$8.04 €7.16

$23.99 ISK 2,914

-66.49%

Beef Round Steak (1kg)

$17.89 €15.93

$41.04 ISK 4,987

-56.41%

Apples (1kg)

$2.27 €2.02

$3.33 ISK 405

-31.83%

Banana (1kg)

$1.74 €1.55

$2.84 ISK 345

-38.73%

Oranges (1kg)

$1.82 €1.62

$3.20 ISK 389

-43.13%

Tomato (1kg)

$2.69 €2.39

$6.36 ISK 773

-57.70%

Potato (1kg)

$1.77 €1.57

$3.83 ISK 465

-53.79%

Onion (1kg)

$1.94 €1.72

$1.63 ISK 198

19.02%

Lettuce (1 head)

$1.46 €1.30

$3.62 ISK 440

-59.67%

Water (1.5 liter bottle)

$0.76 €0.68

$1.75 ISK 213

-56.57%

Cigarettes 20 Pack (Marlboro, Camel)

$6.66 €5.93

$14.11 ISK 1,715

-52.80%

Wine (Bottle)

$5.64 €5.02

$23.96 ISK 2,912

-76.46%

Local Beer (0.5 liter bottle)

$1.29 €1.15

$3.67 ISK 446

-64.85%

Imported Beer (0.33 liter bottle)

$2.14 €1.90

$3.31 ISK 402

-35.35%

One-way Ticket (Public Transport)

$2.30 €2.05

Public Transport Monthly Pass (Regular Price)

$44.02 €39.19

Taxi Start (Normal Tariff)

$3.98 €3.55

$6.54 ISK 795

-39.14%

Taxi (Normal Tariff) (1km)

$0.64 €0.57

$2.88 ISK 350

-77.78%

Taxi 1hour Waiting (Normal Tariff)

$18.93 €16.85

$79.2 ISK 9,622

-76.10%

Gasoline (1 liter)

$2.28 €2.03

$2.12 ISK 257

7.55%

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

$33.4K €29.7K

$67.5K ISK 8.2M

-50.57%

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

$38.5K €34.3K

$56.2K ISK 6.8M

-31.46%

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

$158 €141

$95.4 ISK 11.6K

65.75%

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

$17.54 €15.62

$32.64 ISK 3,965

-46.26%

Internet (50+ Mbps, Unlimited Data)

$31.18 €27.77

$86.0 ISK 10.4K

-63.74%

Gym Membership (Monthly)

$44.64 €39.75

Tennis Court (1 Hour on Weekend)

$18.98 €16.90

Cinema Ticket

$9.58 €8.53

$19.34 ISK 2,349

-50.47%

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

$674 €600

$1,189 ISK 144.4K

-43.32%

International Primary School, 1 Child (Yearly)

$18.7K €16.7K

$26.3K ISK 3.2M

-28.71%

Jeans (Levis 501 Or Similar)

$102 €91.0

$150 ISK 18.3K

-32.07%

Summer Dress (H&M, Zara, etc)

$45.90 €40.87

$66.4 ISK 8,062

-30.82%

Sport Shoes (Adidas, Nike)

$102 €91.0

$186 ISK 22.6K

-44.97%

Men's Leather Business Shoes

$122 €109

$248 ISK 30.1K

-50.77%

1-bedroom Apartment, City Center (Monthly)

$1,641 €1,461

1-bedroom Apartment, Outside City Center (Monthly)

$1,187 €1,057

3-bedroom Apartment, City Center (Monthly)

$2,825 €2,515

3-bedroom Apartment, Outside City Center (Monthly)

$2,018 €1,797

Buy Apartment in City Center (m2)

$7,836 €6,977

Buy Apartment Outside City Center (m2)

$4,701 €4,186

$1,096 ISK 133.1K

328.98%

Average Monthly Net Salary (After Tax)

$1,687 €1,502

20-Year Fixed Mortgage Interest Rate (Annual %)

3.82

8.81

-56.64%

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

Last update for Lisbon: November 1, 2026

Last update for Grundarfjordur: November 2, 2026

Monthly budget structure

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

Accommodation & Living

Lisbon

$1.2K 53.8%

Grundarfjordur

- * 0% 100%

Groceries & Markets

Lisbon

$275 12.5%

Grundarfjordur

$616 35.9% 125% $342

Eating Out

Lisbon

$245 11.1%

Grundarfjordur

$533 31.1% 118% $288

Monthly Utilities & Internet

Lisbon

$207 9.4%

Grundarfjordur

$214 12.5% 3.5% $7.1

Clothing & Footwear

Lisbon

$168 7.6%

Grundarfjordur

$293 17.1% 74.7% $125

Sport & Entertainment

Lisbon

$64 2.9%

Grundarfjordur

$39 * 2.3% 39.4% $25

Getting Around

Lisbon

$60 2.7%

Grundarfjordur

$21 * 1.2% 65.3% $39

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

Cost Breakdown

Dining out: $61 in Lisbon vs $121 in Grundarfjordur for a mid-range dinner for two. Groceries echo the gap at $275 vs $616 per month, with Lisbon cheaper across the board.

Good to know

🇵🇹 Lisbon

🇮🇸 Grundarfjordur

🕒 Local time

16:04 4:04 PM

Same time as Lisbon

🌤 Weather

👥 Population

545,923 Capital

800

💱 Currency

Euro EUR €

Icelandic Króna ISK kr

📈 Exchange rate

1 EUR = 1.12 USD

1,000 ISK = 8.23 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 November 6, 2026: 1 USD = 0.89 EUR (1 EUR = 1.12 USD).

Icelandic Króna exchange rates as of November 6, 2026: 1 USD = 122 ISK (1,000 ISK = 8.23 USD). 1 EUR = 136 ISK (1,000 ISK = 7.33 EUR).

USD to EUR in detail →

On the map

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Between locations

Lisbon Grundarfjordur 3,060 km ≈ 4 h 15 min nonstop flight

From you

Lisbon
Grundarfjordur

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 Grundarfjordur: Cost of Living - Frequently Asked Questions

Grundarfjordur wins on cost – living expenses run 22% 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 $3,309 in Lisbon and $2,574 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 55% less for everyday groceries. It’s an unusual reversal that partly offsets higher costs elsewhere.

All in, you’ll spend $2,206 per month in Lisbon versus $1,716 in Grundarfjordur – Grundarfjordur is about 22% cheaper, which adds up to real savings over time.

At $1,716 in Grundarfjordur versus $2,206 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 cities offer a good standard of living with different trade-offs. Neither is objectively better – the right pick depends on what matters most: affordability, career, cultural scene, or climate.

Safety-wise, Lisbon and Grundarfjordur are both considered safe, so it’s unlikely to be the deciding factor between them.