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: $2,280 in Lisbon versus $1,624 in Grundarfjordur.

Estimated couple costs with rent: $3,294 in Lisbon versus $2,827 in Grundarfjordur.

Monthly costs for a family of three with rent: $4,307 in Lisbon versus $4,029 in Grundarfjordur.

Living in Lisbon is roughly 40% more expensive than in Grundarfjordur, driven mainly by Groceries & Markets.

Both cities are pricier than the global median: Lisbon 71% above, Grundarfjordur 22% above.

Meal at Budget Restaurant

$15.75 €13.74

$26.96 ISK 3,354

-41.58%

Three-Course Dinner for Two, Mid-Range

$63.5 €55.3

$147 ISK 18.2K

-56.69%

Fast Food Meal (McDonalds, etc)

$10.45 €9.11

$22.30 ISK 2,774

-53.14%

Cappuccino

$2.91 €2.54

$6.09 ISK 758

-52.22%

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

$2.29 €2.00

$3.38 ISK 420

-32.25%

Water (0.33 liter bottle)

$1.50 €1.31

$2.59 ISK 323

-42.08%

Local Beer (0.5 liter draught)

$3.56 €3.11

$12.80 ISK 1,593

-72.19%

Imported Beer (0.33 liter bottle)

$3.96 €3.46

$11.16 ISK 1,388

-64.52%

Milk (1 liter)

$1.08 €0.94

$1.86 ISK 232

-41.94%

White Bread (500g)

$1.76 €1.54

$4.30 ISK 535

-59.07%

Rice (white) (1kg)

$1.70 €1.48

$3.73 ISK 464

-54.42%

Eggs

$3.25 €2.83

$6.26 ISK 779

-48.08%

Local Cheese (1kg)

$13.25 €11.55

$18.28 ISK 2,274

-27.52%

Chicken Fillets (1kg)

$7.70 €6.72

$23.62 ISK 2,938

-67.40%

Beef Round Steak (1kg)

$15.77 €13.75

$42.85 ISK 5,330

-63.20%

Apples (1kg)

$2.28 €1.99

$3.21 ISK 399

-28.97%

Banana (1kg)

$1.66 €1.44

$2.49 ISK 310

-33.33%

Oranges (1kg)

$2.02 €1.76

$3.13 ISK 389

-35.46%

Tomato (1kg)

$2.47 €2.16

$4.92 ISK 612

-49.80%

Potato (1kg)

$1.79 €1.56

$3.69 ISK 459

-51.49%

Onion (1kg)

$2.07 €1.80

$2.36 ISK 294

-12.29%

Lettuce (1 head)

$1.97 €1.72

$3.20 ISK 398

-38.44%

Water (1.5 liter bottle)

$0.83 €0.73

$1.93 ISK 240

-56.99%

Cigarettes 20 Pack (Marlboro, Camel)

$6.55 €5.71

$13.58 ISK 1,690

-51.77%

Wine (Bottle)

$5.57 €4.85

$23.20 ISK 2,886

-75.99%

Local Beer (0.5 liter bottle)

$1.33 €1.16

$3.61 ISK 449

-63.16%

Imported Beer (0.33 liter bottle)

$3.01 €2.62

$3.33 ISK 414

-9.61%

One-way Ticket (Public Transport)

$2.27 €1.98

Public Transport Monthly Pass (Regular Price)

$46.35 €40.41

Taxi Start (Normal Tariff)

$4.23 €3.69

$6.48 ISK 807

-34.72%

Taxi (Normal Tariff) (1km)

$0.85 €0.74

$2.65 ISK 330

-67.92%

Taxi 1hour Waiting (Normal Tariff)

$18.83 €16.41

$85.4 ISK 10.6K

-77.95%

Gasoline (1 liter)

$2.02 €1.76

$2.45 ISK 305

-17.55%

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

$35.0K €30.5K

$47.6K ISK 5.9M

-26.49%

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

$39.6K €34.6K

$51.8K ISK 6.4M

-23.49%

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

$148 €129

$87.7 ISK 10.9K

68.75%

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

$20.52 €17.89

$27.85 ISK 3,465

-26.32%

Internet (50+ Mbps, Unlimited Data)

$39.52 €34.46

$85.3 ISK 10.6K

-53.67%

Gym Membership (Monthly)

$48.17 €42.00

Tennis Court (1 Hour on Weekend)

$18.39 €16.03

Cinema Ticket

$9.10 €7.93

$17.37 ISK 2,161

-47.61%

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

$615 €536

$323 ISK 40.1K

90.47%

International Primary School, 1 Child (Yearly)

$16.3K €14.2K

$30.2K ISK 3.8M

-46.04%

Jeans (Levis 501 Or Similar)

$102 €88.6

$140 ISK 17.4K

-27.35%

Summer Dress (H&M, Zara, etc)

$42.09 €36.69

$60.8 ISK 7,557

-30.73%

Sport Shoes (Adidas, Nike)

$92.3 €80.5

$184 ISK 22.9K

-49.78%

Men's Leather Business Shoes

$122 €106

$268 ISK 33.3K

-54.37%

1-bedroom Apartment, City Center (Monthly)

$1,612 €1,405

1-bedroom Apartment, Outside City Center (Monthly)

$1,254 €1,093

3-bedroom Apartment, City Center (Monthly)

$3,069 €2,676

3-bedroom Apartment, Outside City Center (Monthly)

$2,037 €1,776

Buy Apartment in City Center (m2)

$7,751 €6,757

Buy Apartment Outside City Center (m2)

$4,286 €3,737

$1,122 ISK 139.6K

282.01%

Average Monthly Net Salary (After Tax)

$1,602 €1,396

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: July 27, 2026

Last update for Grundarfjordur: July 28, 2026

Cost Breakdown

Dining out: $63.0 in Lisbon vs $147 in Grundarfjordur for a mid-range dinner for two. Groceries echo the gap at $267 vs $594 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 40% 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 $3,420 in Lisbon and $2,436 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 123% less for everyday groceries. It's an unusual reversal that partly offsets higher costs elsewhere.

All in, you'll spend $2,280 per month in Lisbon versus $1,624 in Grundarfjordur – a 40% gap that adds up to real savings over time for anyone picking the cheaper option.

At $1,624 in Grundarfjordur versus $2,280 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 $1,624 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 40% less than in Lisbon. Beyond cost, consider language, visa policies, and how big the international community is in each city.