Cost of Living Comparison Between Lisbon and Isafjordur Cost of Living Comparison Between Lisbon and Isafjordur

Monthly Cost of Living

Monthly costs for one person with rent: $2,322 in Lisbon versus $256 in Isafjordur.

Estimated couple costs with rent: $3,409 in Lisbon versus $399 in Isafjordur.

Monthly costs for a family of three with rent: $4,496 in Lisbon versus $542 in Isafjordur.

Living in Lisbon is roughly 808% more expensive than in Isafjordur, driven mainly by Groceries & Markets.

The two cities straddle the global median: Lisbon is 69% above, Isafjordur is 81% below.

Meal at Budget Restaurant

$17.10 €14.63

$15.98 ISK 1,942

7.01%

Three-Course Dinner for Two, Mid-Range

$64.1 €54.8

Fast Food Meal (McDonalds, etc)

$11.71 €10.02

Cappuccino

$3.14 €2.69

$4.78 ISK 580

-34.31%

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

$2.51 €2.14

$1.58 ISK 192

58.86%

Water (0.33 liter bottle)

$1.66 €1.42

Local Beer (0.5 liter draught)

$3.51 €3.01

$8.09 ISK 983

-56.61%

Imported Beer (0.33 liter bottle)

$3.37 €2.88

$12.24 ISK 1,487

-72.47%

Milk (1 liter)

$1.16 €0.99

White Bread (500g)

$2.02 €1.73

Rice (white) (1kg)

$1.58 €1.35

Eggs

$4.05 €3.46

Local Cheese (1kg)

$12.81 €10.96

Chicken Fillets (1kg)

$8.02 €6.86

Beef Round Steak (1kg)

$17.03 €14.57

Apples (1kg)

$2.38 €2.03

Banana (1kg)

$1.83 €1.57

Oranges (1kg)

$1.99 €1.71

Tomato (1kg)

$2.67 €2.28

Potato (1kg)

$1.90 €1.63

Onion (1kg)

$1.97 €1.69

Lettuce (1 head)

$1.43 €1.23

Water (1.5 liter bottle)

$0.91 €0.78

Cigarettes 20 Pack (Marlboro, Camel)

$6.82 €5.84

Wine (Bottle)

$5.73 €4.90

Local Beer (0.5 liter bottle)

$1.33 €1.14

Imported Beer (0.33 liter bottle)

$2.13 €1.83

One-way Ticket (Public Transport)

$2.40 €2.05

Public Transport Monthly Pass (Regular Price)

$45.94 €39.30

Taxi Start (Normal Tariff)

$4.25 €3.63

Taxi (Normal Tariff) (1km)

$1.11 €0.95

Taxi 1hour Waiting (Normal Tariff)

$17.99 €15.39

Gasoline (1 liter)

$2.20 €1.88

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

$35.2K €30.1K

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

$40.0K €34.2K

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

$171 €146

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

$19.61 €16.78

Internet (50+ Mbps, Unlimited Data)

$33.19 €28.39

Gym Membership (Monthly)

$47.96 €41.02

Tennis Court (1 Hour on Weekend)

$19.88 €17.01

Cinema Ticket

$10.12 €8.66

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

$700 €599

International Primary School, 1 Child (Yearly)

$17.4K €14.8K

Jeans (Levis 501 Or Similar)

$109 €93.4

Summer Dress (H&M, Zara, etc)

$47.84 €40.92

Sport Shoes (Adidas, Nike)

$106 €90.9

Men's Leather Business Shoes

$126 €108

1-bedroom Apartment, City Center (Monthly)

$1,708 €1,461

1-bedroom Apartment, Outside City Center (Monthly)

$1,265 €1,082

3-bedroom Apartment, City Center (Monthly)

$2,973 €2,543

3-bedroom Apartment, Outside City Center (Monthly)

$2,000 €1,711

Buy Apartment in City Center (m2)

$8,013 €6,855

Buy Apartment Outside City Center (m2)

$4,525 €3,871

Average Monthly Net Salary (After Tax)

$1,663 €1,422

20-Year Fixed Mortgage Interest Rate (Annual %)

3.73

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

Last update for Lisbon: August 15, 2026

Last update for Isafjordur: August 15, 2026

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 Isafjordur: Cost of Living - Frequently Asked Questions

Lisbon and Isafjordur differ by about 808% in total monthly costs ($2,322 vs $256 including rent). Isafjordur is meaningfully more affordable – a gap that matters a lot on a fixed or modest income.

You'd need roughly $3,483 in Lisbon and $384 in Isafjordur 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.

At $256 in Isafjordur versus $2,322 in Lisbon, a $2,000 budget is realistic in Isafjordur but tight or insufficient in Lisbon. The gap between the two cities makes Isafjordur 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 Isafjordur 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 Isafjordur gentler on the wallet – expenses run 808% less than in Lisbon. Beyond cost, consider language, visa policies, and how big the international community is in each city.