Last update: Oct 2026

Cost of Living Comparison Between Lisbon and Klaksvik

For one person, living is cheaper in Klaksvik: $1,275 a month against $2,223 in Lisbon, rent and utilities included – about $11,400 less a year. Rent and utilities account for about half of the difference.

107

Cost of Living Index in Lisbon
Learn more

Lisbon Living Index

Jump to prices

Lisbon

🇵🇹 Portugal

$2,223

/mo nomad

Klaksvik

🇫🇴 Faroe Islands

$1,275

/mo nomad

Monthly Cost of Living

How much you'll spend in Lisbon and in Klaksvik

Real prices from locals and on-the-ground checks – rent, groceries, transit and the daily extras. Here's what a month in Lisbon and in Klaksvik actually costs, broken down by who's living it.

A single person spends $2,223 per month in Lisbon vs $1,275 in Klaksvik, rent included.

Lisbon $2,223
Klaksvik $1,275

A couple spends around $3,271 per month in Lisbon vs $1,057 in Klaksvik, rent included.

Lisbon $3,271
Klaksvik $1,057

A family of three spends $4,319 per month in Lisbon vs $839 in Klaksvik, rent included.

Lisbon $4,319
Klaksvik $839

Lisbon costs about 74% more than Klaksvik, and outside of rent the biggest gap is in clothing.

Lisbon sits 65% above the global median, while Klaksvik is 6% below – they fall on opposite sides of the world average.

Meal at Budget Restaurant

$16.50 €14.67

$10.99 FOK 73.1

50.14%

Three-Course Dinner for Two, Mid-Range

$61.3 €54.5

Fast Food Meal (McDonalds, etc)

$11.27 €10.03

Cappuccino

$3.06 €2.72

$5.93 FOK 39.42

-48.40%

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

$2.26 €2.01

$3.03 FOK 20.15

-25.41%

Water (0.33 liter bottle)

$1.73 €1.54

$2.04 FOK 13.58

-15.20%

Local Beer (0.5 liter draught)

$3.39 €3.02

Imported Beer (0.33 liter bottle)

$3.40 €3.02

Milk (1 liter)

$1.12 €1.00

$3.00 FOK 19.96

-62.67%

White Bread (500g)

$1.86 €1.65

$11.38 FOK 75.7

-83.66%

Rice (white) (1kg)

$1.53 €1.36

$5.72 FOK 38.04

-73.25%

Eggs

$3.96 €3.53

Local Cheese (1kg)

$12.76 €11.35

$11.35 FOK 75.5

12.42%

Chicken Fillets (1kg)

$7.90 €7.02

Beef Round Steak (1kg)

$16.97 €15.09

Apples (1kg)

$2.27 €2.02

Banana (1kg)

$1.75 €1.55

Oranges (1kg)

$1.85 €1.64

Tomato (1kg)

$2.57 €2.28

Potato (1kg)

$1.86 €1.65

Onion (1kg)

$2.02 €1.80

Lettuce (1 head)

$1.44 €1.28

Water (1.5 liter bottle)

$0.82 €0.73

Cigarettes 20 Pack (Marlboro, Camel)

$6.56 €5.83

Wine (Bottle)

$5.62 €5.00

Local Beer (0.5 liter bottle)

$1.28 €1.14

Imported Beer (0.33 liter bottle)

$2.07 €1.84

One-way Ticket (Public Transport)

$2.35 €2.09

Public Transport Monthly Pass (Regular Price)

$44.18 €39.30

Taxi Start (Normal Tariff)

$3.99 €3.55

$11.77 FOK 78.3

-66.10%

Taxi (Normal Tariff) (1km)

$1.09 €0.97

Taxi 1hour Waiting (Normal Tariff)

$16.64 €14.81

Gasoline (1 liter)

$2.28 €2.03

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

$33.7K €30.0K

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

$39.3K €35.0K

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

$167 €149

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

$18.80 €16.72

Internet (50+ Mbps, Unlimited Data)

$33.09 €29.43

Gym Membership (Monthly)

$46.01 €40.93

Tennis Court (1 Hour on Weekend)

$19.19 €17.07

Cinema Ticket

$9.84 €8.75

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

$677 €602

International Primary School, 1 Child (Yearly)

$16.9K €15.1K

Jeans (Levis 501 Or Similar)

$101 €90.1

Summer Dress (H&M, Zara, etc)

$45.76 €40.70

Sport Shoes (Adidas, Nike)

$100.0 €88.9

Men's Leather Business Shoes

$123 €109

1-bedroom Apartment, City Center (Monthly)

$1,614 €1,436

1-bedroom Apartment, Outside City Center (Monthly)

$1,197 €1,065

$883 FOK 5,875

35.50%

3-bedroom Apartment, City Center (Monthly)

$2,862 €2,545

3-bedroom Apartment, Outside City Center (Monthly)

$1,990 €1,770

Buy Apartment in City Center (m2)

$7,577 €6,740

Buy Apartment Outside City Center (m2)

$4,307 €3,831

Average Monthly Net Salary (After Tax)

$1,588 €1,412

$2,126 FOK 14.1K

-25.32%

20-Year Fixed Mortgage Interest Rate (Annual %)

3.85

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

Last update for Lisbon: October 11, 2026

Last update for Klaksvik: October 13, 2026

Monthly budget structure

Share of the monthly basket for one person, rent included.

Accommodation & Living

Lisbon

$1.2K 53.9%

Klaksvik

–

Groceries & Markets

Lisbon

$269 12.1%

Klaksvik

–

Eating Out

Lisbon

$242 10.9%

Klaksvik

–

Monthly Utilities & Internet

Lisbon

$219 9.9%

Klaksvik

–

Clothing & Footwear

Lisbon

$166 7.5%

Klaksvik

–

Sport & Entertainment

Lisbon

$66 3%

Klaksvik

–

Getting Around

Lisbon

$63 2.8%

Klaksvik

–

Cost Breakdown

Salaries run about 34% higher in Klaksvik, which reinforces the cost advantage – you earn more and spend less. Purchasing power leans clearly in its favor.

Good to know

🇵🇹 Lisbon

🇫🇴 Klaksvik

🕒 Local time

11:24 11:24 AM

Same time as Lisbon

🌤 Weather

👥 Population

545,923 Capital

4,800

💱 Currency

Euro EUR €

Faroese Króna FOK kr

📈 Exchange rate

1 EUR = 1.12 USD

1 FOK = 0.15 USD

1 FOK = 0.134 EUR

Exchange rates and currency converter

On the map

Lowest

Highest

Between locations

Lisbon Klaksvik 2,620 km ≈ 3 h 45 min nonstop flight

From you

Lisbon
Klaksvik

Distances are measured in a straight line. Your location is detected approximately.

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 Klaksvik: Cost of Living - Frequently Asked Questions

Lisbon costs about 74% more than Klaksvik, and outside of rent the gap comes mainly from clothing. That's enough to noticeably affect everyday spending and lifestyle for anyone choosing between the two.

For a comfortable life, plan on about $3,335 per month in Lisbon and $1,913 in Klaksvik. That covers rent, food, utilities, transport, and enough left over to feel settled – not just surviving.

Monthly expenses with rent come to $2,223 in Lisbon and $1,275 in Klaksvik. That's a gap of about 74%.

Groceries cost about 34% more in Lisbon, though it depends on what you buy. Local produce may be comparable; imported and premium items show the biggest price gap.

A $1,000 monthly budget goes further in Klaksvik, where all-in costs run around $1,275, than in Lisbon at $2,223. In Klaksvik it covers expenses comfortably, while in Lisbon it requires careful planning or may not stretch far enough.

For digital nomads, it depends on budget. Klaksvik costs $1,275 versus $2,223 in Lisbon. Both have workable remote work infrastructure, but the cost gap matters when income varies month to month.

Both have safer and rougher neighborhoods, but overall safety is comparable to other large cities. Neighborhood choice matters more than the city-level comparison – central, well-trafficked areas feel secure in both.

If budget matters most, go with Klaksvik. If higher salaries, better infrastructure, or specific career opportunities are the priority, Lisbon makes more sense. Both are solid long-term options with distinct trade-offs.