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: $2,243 in Lisbon versus $1,627 in Grundarfjordur.

Estimated couple costs with rent: $3,315 in Lisbon versus $2,837 in Grundarfjordur.

Monthly costs for a family of three with rent: $4,387 in Lisbon versus $4,047 in Grundarfjordur.

Living in Lisbon is roughly 38% more expensive than Grundarfjordur, driven mainly by Groceries & Markets.

Both cities are pricier than the global median: Lisbon 67% above, Grundarfjordur 21% above.

Meal at Budget Restaurant

$15.73 €13.42

$27.29 ISK 3,340

-42.36%

Three-Course Dinner for Two, Mid-Range

$63.2 €53.9

$142 ISK 17.4K

-55.51%

Fast Food Meal (McDonalds, etc)

$10.32 €8.80

$22.64 ISK 2,772

-54.42%

Cappuccino

$2.81 €2.40

$6.23 ISK 763

-54.90%

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

$2.33 €1.99

$3.25 ISK 398

-28.31%

Water (0.33 liter bottle)

$1.51 €1.29

$2.64 ISK 324

-42.80%

Local Beer (0.5 liter draught)

$3.37 €2.87

$12.93 ISK 1,582

-73.94%

Imported Beer (0.33 liter bottle)

$3.91 €3.34

$11.12 ISK 1,362

-64.84%

Milk (1 liter)

$1.08 €0.92

$1.90 ISK 232

-43.16%

White Bread (500g)

$1.75 €1.49

$4.26 ISK 521

-58.92%

Rice (white) (1kg)

$1.75 €1.50

$3.73 ISK 456

-53.08%

Eggs

$3.10 €2.64

$6.46 ISK 791

-52.01%

Local Cheese (1kg)

$13.28 €11.33

$18.22 ISK 2,230

-27.11%

Chicken Fillets (1kg)

$7.85 €6.70

$23.68 ISK 2,899

-66.85%

Beef Round Steak (1kg)

$16.05 €13.69

$41.67 ISK 5,101

-61.48%

Apples (1kg)

$2.39 €2.04

$3.37 ISK 413

-29.08%

Banana (1kg)

$1.72 €1.47

$2.44 ISK 298

-29.51%

Oranges (1kg)

$1.97 €1.68

$3.11 ISK 380

-36.66%

Tomato (1kg)

$2.55 €2.17

$4.97 ISK 608

-48.69%

Potato (1kg)

$1.79 €1.53

$3.66 ISK 448

-51.09%

Onion (1kg)

$1.97 €1.68

$2.34 ISK 287

-15.81%

Lettuce (1 head)

$1.96 €1.67

$3.08 ISK 378

-36.36%

Water (1.5 liter bottle)

$0.84 €0.71

$1.96 ISK 240

-57.14%

Cigarettes 20 Pack (Marlboro, Camel)

$6.82 €5.82

$13.53 ISK 1,656

-49.59%

Wine (Bottle)

$5.85 €4.99

$22.41 ISK 2,744

-73.90%

Local Beer (0.5 liter bottle)

$1.38 €1.18

$3.71 ISK 454

-62.80%

Imported Beer (0.33 liter bottle)

$2.92 €2.49

$3.21 ISK 393

-9.03%

One-way Ticket (Public Transport)

$2.29 €1.95

Public Transport Monthly Pass (Regular Price)

$46.88 €39.99

Taxi Start (Normal Tariff)

$4.12 €3.51

$6.39 ISK 782

-35.52%

Taxi (Normal Tariff) (1km)

$0.81 €0.69

$2.54 ISK 311

-68.11%

Taxi 1hour Waiting (Normal Tariff)

$18.94 €16.16

$84.5 ISK 10.3K

-77.58%

Gasoline (1 liter)

$2.09 €1.78

$2.52 ISK 308

-17.06%

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

$35.1K €30.0K

$46.6K ISK 5.7M

-24.58%

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

$39.7K €33.9K

$53.1K ISK 6.5M

-25.19%

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

$150 €128

$88.9 ISK 10.9K

68.27%

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

$20.49 €17.48

$27.36 ISK 3,349

-25.11%

Internet (50+ Mbps, Unlimited Data)

$39.15 €33.40

$86.8 ISK 10.6K

-54.90%

Gym Membership (Monthly)

$49.65 €42.35

Tennis Court (1 Hour on Weekend)

$18.47 €15.76

Cinema Ticket

$9.20 €7.84

$17.29 ISK 2,117

-46.79%

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

$624 €533

$323 ISK 39.6K

93.13%

International Primary School, 1 Child (Yearly)

$15.9K €13.6K

$30.3K ISK 3.7M

-47.47%

Jeans (Levis 501 Or Similar)

$102 €87.2

$139 ISK 17.0K

-26.51%

Summer Dress (H&M, Zara, etc)

$40.88 €34.87

$61.3 ISK 7,506

-33.33%

Sport Shoes (Adidas, Nike)

$95.7 €81.6

$184 ISK 22.5K

-47.93%

Men's Leather Business Shoes

$121 €103

$268 ISK 32.8K

-54.87%

1-bedroom Apartment, City Center (Monthly)

$1,653 €1,410

1-bedroom Apartment, Outside City Center (Monthly)

$1,233 €1,051

3-bedroom Apartment, City Center (Monthly)

$3,043 €2,596

3-bedroom Apartment, Outside City Center (Monthly)

$2,059 €1,756

Buy Apartment in City Center (m2)

$7,879 €6,720

Buy Apartment Outside City Center (m2)

$4,303 €3,671

$1,177 ISK 144.1K

265.59%

Average Monthly Net Salary (After Tax)

$1,566 €1,336

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: April 21, 2026

Last update for Grundarfjordur: April 20, 2026

Cost Breakdown

A one-bedroom apartment in the center runs $1,653 in Lisbon and $0 in Grundarfjordur. Housing cost is often the main lever when comparing two cities.

Dining out: $63 in Lisbon vs $142 in Grundarfjordur for a mid-range dinner for two. Groceries echo the gap at $270 vs $590 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 38% 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 $3,365 in Lisbon and $2,440 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 119% less for everyday groceries. It's an unusual reversal that partly offsets higher costs elsewhere.

All in, you'll spend $2,243 per month in Lisbon versus $1,627 in Grundarfjordur – a 38% gap that adds up to real savings over time for anyone picking the cheaper option.

At $1,627 in Grundarfjordur versus $2,243 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 $1,627 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 38% less than in Lisbon. Beyond cost, consider language, visa policies, and how big the international community is in each city.