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

🙂 Solo nomad: Lisbon is 45.1% cheaper than Keflavik without rent, and 20% cheaper with rent.

🙂 Family of 3: Lisbon is 48.4% cheaper than Keflavik without rent, and 24.5% cheaper with rent.

Meal at Budget Restaurant

$16.17 €13.94

$23.80 ISK 2,998

-32.06%

Three-Course Dinner for Two, Mid-Range

$63.5 €54.7

$143 ISK 18.0K

-55.69%

Fast Food Meal (McDonalds, etc)

$10.40 €8.96

$20.37 ISK 2,565

-48.94%

Cappuccino

$2.77 €2.38

$4.11 ISK 518

-32.60%

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

$2.32 €2.00

$3.26 ISK 411

-28.83%

Water (0.33 liter bottle)

$1.54 €1.33

$2.55 ISK 321

-39.61%

Local Beer (0.5 liter draught)

$3.55 €3.06

$7.82 ISK 986

-54.60%

Imported Beer (0.33 liter bottle)

$3.90 €3.36

$8.01 ISK 1,010

-51.31%

Milk (1 liter)

$1.13 €0.98

$1.97 ISK 248

-42.64%

White Bread (500g)

$1.83 €1.58

$4.35 ISK 548

-57.93%

Rice (white) (1kg)

$1.77 €1.53

$2.39 ISK 301

-25.94%

Eggs

$3.13 €2.70

$6.34 ISK 799

-50.63%

Local Cheese (1kg)

$13.19 €11.37

$17.88 ISK 2,253

-26.23%

Chicken Fillets (1kg)

$7.80 €6.73

$24.13 ISK 3,040

-67.68%

Beef Round Steak (1kg)

$15.93 €13.73

$41.80 ISK 5,266

-61.89%

Apples (1kg)

$2.27 €1.96

$2.46 ISK 310

-7.72%

Banana (1kg)

$1.72 €1.48

$2.39 ISK 301

-28.03%

Oranges (1kg)

$1.98 €1.71

$2.48 ISK 312

-20.16%

Tomato (1kg)

$2.44 €2.10

$3.94 ISK 497

-38.07%

Potato (1kg)

$1.80 €1.55

$3.07 ISK 386

-41.37%

Onion (1kg)

$2.05 €1.77

$2.12 ISK 267

-3.30%

Lettuce (1 head)

$1.91 €1.65

$3.19 ISK 401

-40.13%

Water (1.5 liter bottle)

$0.78 €0.68

$1.95 ISK 245

-60.00%

Cigarettes 20 Pack (Marlboro, Camel)

$6.65 €5.73

$13.57 ISK 1,709

-50.99%

Wine (Bottle)

$5.67 €4.89

$15.59 ISK 1,964

-63.63%

Local Beer (0.5 liter bottle)

$1.33 €1.15

$3.55 ISK 448

-62.54%

Imported Beer (0.33 liter bottle)

$3.00 €2.59

$2.85 ISK 359

5.26%

One-way Ticket (Public Transport)

$2.34 €2.02

$3.52 ISK 443

-33.52%

Public Transport Monthly Pass (Regular Price)

$46.03 €39.68

$75.1 ISK 9,462

-38.72%

Taxi Start (Normal Tariff)

$4.25 €3.67

$6.28 ISK 791

-32.32%

Taxi (Normal Tariff) (1km)

$0.80 €0.69

$2.29 ISK 288

-65.07%

Taxi 1hour Waiting (Normal Tariff)

$18.60 €16.03

$86.9 ISK 10.9K

-78.60%

Gasoline (1 liter)

$2.07 €1.78

$2.45 ISK 309

-15.51%

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

$34.2K €29.5K

$46.8K ISK 5.9M

-26.88%

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

$39.0K €33.6K

$52.5K ISK 6.6M

-25.72%

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

$147 €127

$87.4 ISK 11.0K

68.09%

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

$20.52 €17.69

$27.11 ISK 3,415

-24.31%

Internet (50+ Mbps, Unlimited Data)

$40.18 €34.64

$86.0 ISK 10.8K

-53.25%

Gym Membership (Monthly)

$49.53 €42.70

Tennis Court (1 Hour on Weekend)

$18.68 €16.10

Cinema Ticket

$9.10 €7.85

$17.32 ISK 2,181

-47.46%

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

$613 €529

$326 ISK 41.1K

88.10%

International Primary School, 1 Child (Yearly)

$16.3K €14.1K

$30.4K ISK 3.8M

-46.17%

Jeans (Levis 501 Or Similar)

$102 €88.2

$141 ISK 17.8K

-27.64%

Summer Dress (H&M, Zara, etc)

$40.77 €35.14

$62.6 ISK 7,882

-34.84%

Sport Shoes (Adidas, Nike)

$94.6 €81.6

$185 ISK 23.3K

-48.75%

Men's Leather Business Shoes

$119 €102

$188 ISK 23.7K

-37.11%

1-bedroom Apartment, City Center (Monthly)

$1,625 €1,401

$1,870 ISK 235.6K

-13.09%

1-bedroom Apartment, Outside City Center (Monthly)

$1,253 €1,080

$1,302 ISK 164.1K

-3.82%

3-bedroom Apartment, City Center (Monthly)

$3,126 €2,695

$2,438 ISK 307.1K

28.23%

3-bedroom Apartment, Outside City Center (Monthly)

$2,042 €1,760

$2,042 ISK 257.2K

-0.01%

Buy Apartment in City Center (m2)

$7,814 €6,735

Buy Apartment Outside City Center (m2)

$4,389 €3,783

Average Monthly Net Salary (After Tax)

$1,516 €1,307

$3,649 ISK 459.7K

-58.45%

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: January 11, 2026

Last update for Keflavik: January 11, 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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