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

🙂 Solo nomad: Lisbon is 45.6% cheaper than Keflavik without rent, and 20.9% cheaper with rent.

🙂 Family of 3: Lisbon is 36.3% cheaper than Keflavik without rent, and 26.8% cheaper with rent.

Meal at Budget Restaurant

$15.92 €13.78

$24.37 ISK 3,049

-34.67%

Three-Course Dinner for Two, Mid-Range

$64.5 €55.8

$143 ISK 17.9K

-54.89%

Fast Food Meal (McDonalds, etc)

$10.54 €9.13

$20.19 ISK 2,527

-47.80%

Cappuccino

$2.91 €2.52

$3.99 ISK 499

-27.07%

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

$2.30 €1.99

$3.20 ISK 400

-28.13%

Water (0.33 liter bottle)

$1.57 €1.36

$2.51 ISK 314

-37.45%

Local Beer (0.5 liter draught)

$3.44 €2.98

$8.22 ISK 1,029

-58.15%

Imported Beer (0.33 liter bottle)

$3.87 €3.35

$7.89 ISK 987

-50.95%

Milk (1 liter)

$1.14 €0.98

$1.96 ISK 246

-41.84%

White Bread (500g)

$1.79 €1.55

$4.31 ISK 539

-58.47%

Rice (white) (1kg)

$1.75 €1.52

$2.36 ISK 295

-25.85%

Eggs

$3.23 €2.80

$6.21 ISK 777

-47.99%

Local Cheese (1kg)

$13.22 €11.45

$17.93 ISK 2,244

-26.27%

Chicken Fillets (1kg)

$8.03 €6.95

$23.44 ISK 2,933

-65.74%

Beef Round Steak (1kg)

$16.00 €13.85

$43.07 ISK 5,390

-62.85%

Apples (1kg)

$2.33 €2.02

$2.39 ISK 299

-2.51%

Banana (1kg)

$1.65 €1.43

$2.40 ISK 300

-31.25%

Oranges (1kg)

$1.94 €1.68

$2.46 ISK 307

-21.14%

Tomato (1kg)

$2.44 €2.11

$4.06 ISK 508

-39.90%

Potato (1kg)

$1.83 €1.59

$3.18 ISK 397

-42.45%

Onion (1kg)

$2.08 €1.80

$2.04 ISK 255

1.96%

Lettuce (1 head)

$2.00 €1.73

$3.13 ISK 391

-36.10%

Water (1.5 liter bottle)

$0.80 €0.69

$1.92 ISK 241

-58.33%

Cigarettes 20 Pack (Marlboro, Camel)

$6.74 €5.84

$13.59 ISK 1,701

-50.40%

Wine (Bottle)

$5.80 €5.02

$16.49 ISK 2,063

-64.83%

Local Beer (0.5 liter bottle)

$1.34 €1.16

$3.75 ISK 470

-64.27%

Imported Beer (0.33 liter bottle)

$3.01 €2.61

$2.74 ISK 343

9.85%

One-way Ticket (Public Transport)

$2.37 €2.05

$3.56 ISK 446

-33.43%

Public Transport Monthly Pass (Regular Price)

$46.20 €40.01

$74.1 ISK 9,271

-37.64%

Taxi Start (Normal Tariff)

$4.07 €3.53

$6.27 ISK 784

-35.09%

Taxi (Normal Tariff) (1km)

$0.87 €0.75

$2.29 ISK 286

-62.01%

Taxi 1hour Waiting (Normal Tariff)

$18.58 €16.09

$86.6 ISK 10.8K

-78.55%

Gasoline (1 liter)

$2.09 €1.81

$2.43 ISK 304

-13.99%

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

$34.8K €30.1K

$47.6K ISK 6.0M

-26.99%

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

$38.8K €33.6K

$53.0K ISK 6.6M

-26.81%

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

$150 €130

$88.8 ISK 11.1K

69.20%

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

$20.62 €17.86

$27.97 ISK 3,500

-26.28%

Internet (50+ Mbps, Unlimited Data)

$40.09 €34.72

$85.5 ISK 10.7K

-53.11%

Gym Membership (Monthly)

$47.85 €41.44

Tennis Court (1 Hour on Weekend)

$18.37 €15.91

Cinema Ticket

$9.32 €8.07

$17.26 ISK 2,160

-46.00%

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

$615 €533

$323 ISK 40.5K

90.10%

International Primary School, 1 Child (Yearly)

$16.4K €14.2K

$30.4K ISK 3.8M

-45.92%

Jeans (Levis 501 Or Similar)

$104 €90.3

$139 ISK 17.4K

-25.17%

Summer Dress (H&M, Zara, etc)

$41.10 €35.59

$61.3 ISK 7,673

-32.97%

Sport Shoes (Adidas, Nike)

$95.3 €82.5

$180 ISK 22.6K

-47.18%

Men's Leather Business Shoes

$120 €104

$191 ISK 23.9K

-37.15%

1-bedroom Apartment, City Center (Monthly)

$1,630 €1,411

$1,866 ISK 233.5K

-12.66%

1-bedroom Apartment, Outside City Center (Monthly)

$1,229 €1,064

$1,319 ISK 165.1K

-6.84%

3-bedroom Apartment, City Center (Monthly)

$3,018 €2,614

$2,415 ISK 302.2K

24.96%

3-bedroom Apartment, Outside City Center (Monthly)

$2,004 €1,736

$2,043 ISK 255.7K

-1.90%

Buy Apartment in City Center (m2)

$7,872 €6,817

Buy Apartment Outside City Center (m2)

$4,319 €3,740

Average Monthly Net Salary (After Tax)

$1,611 €1,395

$3,742 ISK 468.3K

-56.95%

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: March 1, 2026

Last update for Keflavik: March 2, 2026

City Median Internet Speeds Comparison (Updated December 2025)

The chart highlights the Precision Threshold for mobile and fixed broadband internet speeds, updated quarterly.

Digital Nomad Cost of Living Index

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