Cost of Living Comparison Between Lisbon and Keflavik Cost of Living Comparison Between Lisbon and Keflavik

🙂 Solo nomad: Lisbon is 46.6% cheaper than Keflavik without rent, and 20.3% cheaper with rent.

🙂 Family of 3: Lisbon is 44% cheaper than Keflavik without rent, and 26.9% cheaper with rent.

Meal at Budget Restaurant

$16.09 €13.89

$24.08 ISK 3,004

-33.18%

Three-Course Dinner for Two, Mid-Range

$64.1 €55.3

$144 ISK 18K

-55.47%

Fast Food Meal (McDonalds, etc)

$10.28 €8.88

$20.26 ISK 2,528

-49.26%

Cappuccino

$2.78 €2.4

$4.01 ISK 500

-30.67%

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

$2.23 €1.92

$3.14 ISK 391

-28.98%

Water (0.33 liter bottle)

$1.57 €1.35

$2.61 ISK 326

-39.85%

Local Beer (0.5 liter draught)

$3.41 €2.95

$7.94 ISK 990

-57.05%

Imported Beer (0.33 liter bottle)

$3.82 €3.3

$8.01 ISK 1,000

-52.31%

Milk (1 liter)

$1.14 €0.98

$1.88 ISK 234

-39.36%

White Bread (500g)

$1.73 €1.49

$4.31 ISK 537

-59.86%

Rice (white) (1kg)

$1.67 €1.44

$2.37 ISK 296

-29.54%

Eggs

$3.13 €2.7

$6.12 ISK 764

-48.86%

Local Cheese (1kg)

$13.31 €11.5

$18.3 ISK 2,283

-27.27%

Chicken Fillets (1kg)

$7.99 €6.9

$23.39 ISK 2,917

-65.84%

Beef Round Steak (1kg)

$15.97 €13.79

$41.94 ISK 5,232

-61.92%

Apples (1kg)

$2.28 €1.97

$2.45 ISK 306

-6.94%

Banana (1kg)

$1.7 €1.47

$2.48 ISK 309

-31.45%

Oranges (1kg)

$2.04 €1.76

$2.44 ISK 305

-16.39%

Tomato (1kg)

$2.55 €2.2

$3.94 ISK 491

-35.28%

Potato (1kg)

$1.76 €1.52

$3.15 ISK 393

-44.13%

Onion (1kg)

$2.05 €1.77

$2.06 ISK 257

-0.49%

Lettuce (1 head)

$1.98 €1.71

$3.17 ISK 396

-37.54%

Water (1.5 liter bottle)

$0.81 €0.7

$1.91 ISK 239

-57.59%

Cigarettes 20 Pack (Marlboro, Camel)

$6.59 €5.69

$13.46 ISK 1,680

-51.04%

Wine (Bottle)

$5.87 €5.07

$16.37 ISK 2,042

-64.14%

Local Beer (0.5 liter bottle)

$1.33 €1.15

$3.64 ISK 454

-63.46%

Imported Beer (0.33 liter bottle)

$2.92 €2.52

$2.77 ISK 346

5.42%

One-way Ticket (Public Transport)

$2.27 €1.96

$3.7 ISK 461

-38.65%

Public Transport Monthly Pass (Regular Price)

$46.15 €39.85

$74.4 ISK 9,282

-37.98%

Taxi Start (Normal Tariff)

$4.23 €3.66

$6.28 ISK 783

-32.64%

Taxi (Normal Tariff) (1km)

$0.86 €0.75

$2.36 ISK 294

-63.56%

Taxi 1hour Waiting (Normal Tariff)

$18.68 €16.13

$87.6 ISK 10.9K

-78.68%

Gasoline (1 liter)

$2.09 €1.81

$2.48 ISK 310

-15.73%

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

$34.5K €29.8K

$47.5K ISK 5.9M

-27.37%

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

$39.6K €34.2K

$52.5K ISK 6.6M

-24.51%

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

$148 €128

$86.6 ISK 10.8K

71.35%

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

$20.98 €18.11

$27.89 ISK 3,479

-24.78%

Internet (50+ Mbps, Unlimited Data)

$39.65 €34.24

$84.8 ISK 10.6K

-53.26%

Gym Membership (Monthly)

$47.92 €41.37

Tennis Court (1 Hour on Weekend)

$18.57 €16.03

Cinema Ticket

$9.38 €8.1

$17.59 ISK 2,194

-46.67%

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

$607 €524

$326 ISK 40.7K

86.18%

International Primary School, 1 Child (Yearly)

$16.1K €13.9K

$29.7K ISK 3.7M

-45.78%

Jeans (Levis 501 Or Similar)

$104 €90.1

$138 ISK 17.2K

-24.27%

Summer Dress (H&M, Zara, etc)

$41.09 €35.48

$61.2 ISK 7,638

-32.88%

Sport Shoes (Adidas, Nike)

$92.7 €80

$186 ISK 23.2K

-50.08%

Men's Leather Business Shoes

$119 €102

$184 ISK 22.9K

-35.44%

1-bedroom Apartment, City Center (Monthly)

$1,592 €1,375

$1,854 ISK 231.3K

-14.12%

1-bedroom Apartment, Outside City Center (Monthly)

$1,262 €1,090

$1,347 ISK 168.1K

-6.33%

3-bedroom Apartment, City Center (Monthly)

$3,046 €2,630

$2,480 ISK 309.4K

22.83%

3-bedroom Apartment, Outside City Center (Monthly)

$2,069 €1,787

$1,978 ISK 246.7K

4.63%

Buy Apartment in City Center (m2)

$7,280 €6,286

Buy Apartment Outside City Center (m2)

$4,549 €3,928

Average Monthly Net Salary (After Tax)

$1,462 €1,263

$3,802 ISK 474.4K

-61.54%

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: October 28, 2025

Last update for Keflavik: October 28, 2025

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