🙂Monthly costs for one person with rent: $2,227 in Lisbon versus $2,873 in Keflavik.
🙂Estimated couple costs with rent: $3,305 in Lisbon versus $4,433 in Keflavik.
🙂Monthly costs for a family of three with rent: $4,384 in Lisbon versus $5,992 in Keflavik.
🙂Living in Lisbon costs roughly 22% less than in Keflavik, driven mainly by Groceries & Markets.
📊Both cities are pricier than the global median: Lisbon66% above, Keflavik115% above.
Moneda
🍽 Eating Out
Lisbon
Keflavik
Diferencia
Meal at Budget Restaurant
$16.17€13.84
$23.97ISK 2,935
-32.54%
Three-Course Dinner for Two, Mid-Range
$64.6€55.3
$147ISK 18.0K
-56.10%
Fast Food Meal(McDonalds, etc)
$10.38€8.88
$19.75ISK 2,418
-47.44%
Cappuccino
$2.77€2.37
$4.11ISK 503
-32.60%
Coke/Pepsi/Fanta/Sprite(0.33 liter bottle)
$2.25€1.92
$3.12ISK 382
-27.88%
Water(0.33 liter bottle)
$1.57€1.35
$2.50ISK 307
-37.20%
Local Beer(0.5 liter draught)
$3.49€2.99
$8.16ISK 999
-57.23%
Imported Beer(0.33 liter bottle)
$4.00€3.43
$8.16ISK 999
-50.98%
🛒 Groceries & Markets
Lisbon
Keflavik
Diferencia
Milk(1 liter)
$1.08€0.93
$1.96ISK 240
-44.90%
White Bread(500g)
$1.74€1.49
$4.14ISK 507
-57.97%
Rice(white)(1kg)
$1.74€1.49
$2.48ISK 303
-29.84%
Eggs
$3.18€2.72
$6.35ISK 777
-49.92%
Local Cheese(1kg)
$13.43€11.50
$18.44ISK 2,258
-27.17%
Chicken Fillets(1kg)
$7.99€6.84
$23.91ISK 2,928
-66.58%
Beef Round Steak(1kg)
$16.09€13.77
$42.20ISK 5,166
-61.87%
Apples(1kg)
$2.28€1.95
$2.35ISK 287
-2.98%
Banana(1kg)
$1.72€1.48
$2.48ISK 304
-30.65%
Oranges(1kg)
$1.94€1.66
$2.43ISK 298
-20.16%
Tomato(1kg)
$2.54€2.18
$3.95ISK 483
-35.70%
Potato(1kg)
$1.83€1.57
$3.21ISK 393
-42.99%
Onion(1kg)
$2.04€1.75
$2.03ISK 248
0.49%
Lettuce(1 head)
$1.98€1.69
$3.08ISK 377
-35.71%
Water(1.5 liter bottle)
$0.85€0.73
$1.94ISK 238
-56.19%
Cigarettes 20 Pack(Marlboro, Camel)
$6.85€5.87
$13.45ISK 1,646
-49.07%
Wine(Bottle)
$5.78€4.94
$16.12ISK 1,974
-64.14%
Local Beer(0.5 liter bottle)
$1.37€1.18
$3.71ISK 454
-63.07%
Imported Beer(0.33 liter bottle)
$2.90€2.48
$2.80ISK 343
3.57%
🚌 Getting Around
Lisbon
Keflavik
Diferencia
One-way Ticket(Public Transport)
$2.28€1.95
$3.52ISK 432
-35.23%
Public Transport Monthly Pass(Regular Price)
$46.84€40.10
$74.8ISK 9,164
-37.41%
Taxi Start(Normal Tariff)
$4.08€3.49
$6.24ISK 765
-34.62%
Taxi(Normal Tariff)(1km)
$0.82€0.70
$2.30ISK 281
-64.35%
Taxi 1hour Waiting(Normal Tariff)
$18.27€15.64
$85.2ISK 10.4K
-78.56%
Gasoline(1 liter)
$2.01€1.72
$2.56ISK 313
-21.48%
Midsize Hatchback 1.4l(Volkswagen Golf, Toyota Prius, Honda Civic, etc)
$35.3K€30.2K
$47.2KISK 5.8M
-25.28%
Compact Sedan 1.6l(Toyota Corolla, Mazda3, Kia K4, Hyundai Elantra, etc)
$38.5K€32.9K
$52.6KISK 6.4M
-26.77%
🧾 Monthly Utilities & Internet
Lisbon
Keflavik
Diferencia
Utilities for 2 People in 2-bedroom Apartment(Heating, Electricity, Gas, Water, Garbage)(85m2)
$145€124
$87.5ISK 10.7K
66.10%
SIM Card Monthly Plan(Calls and 10GB+ Data)
$20.96€17.94
$27.94ISK 3,421
-24.98%
Internet(50+ Mbps, Unlimited Data)
$40.05€34.29
$86.2ISK 10.6K
-53.52%
🎉 Sport & Entertainment
Lisbon
Keflavik
Diferencia
Gym Membership(Monthly)
$48.79€41.76
-
-
Tennis Court(1 Hour on Weekend)
$18.69€16.00
-
-
Cinema Ticket
$9.06€7.76
$17.88ISK 2,190
-49.33%
🧸 Childcare & Education
Lisbon
Keflavik
Diferencia
Preschool or Kindergarten, Full Day, Private, 1 Child(Monthly)
$607€519
$319ISK 39.1K
89.97%
International Primary School, 1 Child(Yearly)
$16.3K€14.0K
$30.3KISK 3.7M
-46.07%
👕👟 Clothing & Footwear
Lisbon
Keflavik
Diferencia
Jeans(Levis 501 Or Similar)
$105€89.6
$137ISK 16.7K
-23.33%
Summer Dress(H&M, Zara, etc)
$40.95€35.06
$61.4ISK 7,513
-33.26%
Sport Shoes(Adidas, Nike)
$93.6€80.1
$179ISK 21.9K
-47.58%
Men's Leather Business Shoes
$119€101
$187ISK 22.9K
-36.50%
🏠 Accommodation & Living
Lisbon
Keflavik
Diferencia
1-bedroom Apartment, City Center(Monthly)
$1,604€1,373
$1,826ISK 223.6K
-12.16%
1-bedroom Apartment, Outside City Center(Monthly)
$1,236€1,058
$1,331ISK 163.0K
-7.20%
3-bedroom Apartment, City Center(Monthly)
$3,046€2,607
$2,481ISK 303.8K
22.76%
3-bedroom Apartment, Outside City Center(Monthly)
$2,057€1,761
$2,009ISK 246.0K
2.37%
Buy Apartment in City Center(m2)
$7,709€6,599
-
-
Buy Apartment Outside City Center(m2)
$4,266€3,652
-
-
💵 Salaries & Financials
Lisbon
Keflavik
Diferencia
Average Monthly Net Salary(After Tax)
$1,584€1,356
$3,701ISK 453.2K
-57.20%
20-Year Fixed Mortgage Interest Rate(Annual %)
3.81
9.63
-60.44%
Los datos de CityCost se basan en IA y aportaciones de usuarios. Puede haber pequeñas variaciones.
Última actualización para Lisbon: April 26, 2026
Última actualización para Keflavik: April 26, 2026
Cost Breakdown
🏠A one-bedroom apartment in the center runs $1,604 in Lisbon and $1,826 in Keflavik. Housing cost is often the main lever when comparing two cities.
💰Keflavik pays 134% more on average. The extra income cushions the higher costs, though housing choices and lifestyle decide how much of the gap is truly closed.
🛒Dining out: $65.0 in Lisbon vs $147 in Keflavik for a mid-range dinner for two. Groceries echo the gap at $271 vs $560 per month, with Lisbon cheaper across the board.
Comparación de velocidades medias de internet por ciudad (actualizado April 2026)
El gráfico resalta el umbral de precisión para velocidades de internet móvil y fija, actualizado trimestralmente.
Índice del coste de vida para nómadas digitales
Lisbon vs Keflavik: Coste de vida - preguntas frecuentes
Which city is more expensive, Lisbon or Keflavik?
Lisbon wins on cost – living expenses run 29% lower than in Keflavik. Housing and daily spending are where you'll feel the difference most, making Lisbon the obvious pick if budget is a priority.
Are salaries higher in Lisbon or Keflavik?
On paper, Keflavik earns 134% less. That's worth factoring in alongside costs, though remote workers earning in a stronger currency may not notice the difference at all.
How much does a 1-bedroom apartment cost in Lisbon vs Keflavik?
Rent for a central apartment: $1,604 in Lisbon versus $1,826 in Keflavik. Housing is usually the single largest factor when comparing overall living costs between the two.
How expensive is transport in Lisbon vs Keflavik?
A monthly transit pass in Lisbon runs roughly 60% less than in Keflavik. Both cities have functional networks, but the price difference matters if you're watching your budget.
How do childcare costs compare in Lisbon and Keflavik?
Childcare runs $607 in Lisbon versus $319 in Keflavik. Over years of preschool, even a modest monthly gap compounds into a major financial factor for families.
Can you live on $3,000/month in Lisbon or Keflavik?
At $2,227 in Lisbon versus $2,873 in Keflavik, a $3,000 budget is realistic in Lisbon but tight or insufficient in Keflavik. The gap between the two cities makes Lisbon the clear choice for anyone on this budget.
Which city is better for digital nomads, Lisbon or Keflavik?
Both work as nomad bases, but Lisbon delivers better value – similar infrastructure at $2,227 monthly. If stretching your runway or maximizing savings is the goal, the price difference makes Lisbon hard to pass up.
How safe is Lisbon compared to Keflavik?
Safety-wise, Lisbon and Keflavik are on par. Petty crime is typical for cities this size, and most residents feel comfortable going about their daily routines in either place.
Which city is more affordable for expats?
Expats usually find Lisbon gentler on the wallet – expenses run 29% less than in Keflavik. Beyond cost, consider language, visa policies, and how big the international community is in each city.