Cost of Living Comparison Between Lisbon and Kopavogur Cost of Living Comparison Between Lisbon and Kopavogur

Monthly Cost of Living

A single person spends $2,280 per month in Lisbon vs $1,745 in Kopavogur, rent included.

A couple spends around $3,294 per month in Lisbon vs $2,854 in Kopavogur, rent included.

A family of three spends $4,307 per month in Lisbon vs $3,962 in Kopavogur, rent included.

Lisbon costs about 31% more than Kopavogur, driven mainly by Groceries & Markets.

Both Lisbon and Kopavogur sit above the global median – Lisbon by 71%, Kopavogur by 31%.

Meal at Budget Restaurant

$15.75 €13.64

$26.96 ISK 3,333

-41.58%

Three-Course Dinner for Two, Mid-Range

$63.5 €55.0

$97.5 ISK 12.1K

-34.89%

Fast Food Meal (McDonalds, etc)

$10.45 €9.05

$22.21 ISK 2,745

-52.95%

Cappuccino

$2.91 €2.52

$6.06 ISK 749

-51.98%

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

$2.29 €1.98

$2.03 ISK 251

12.81%

Water (0.33 liter bottle)

$1.50 €1.30

$2.52 ISK 312

-40.48%

Local Beer (0.5 liter draught)

$3.56 €3.09

$10.31 ISK 1,274

-65.47%

Imported Beer (0.33 liter bottle)

$3.96 €3.43

$11.16 ISK 1,379

-64.52%

Milk (1 liter)

$1.08 €0.94

$1.71 ISK 212

-36.84%

White Bread (500g)

$1.76 €1.53

$4.38 ISK 541

-59.82%

Rice (white) (1kg)

$1.70 €1.47

$3.60 ISK 445

-52.78%

Eggs

$3.25 €2.81

$6.46 ISK 798

-49.69%

Local Cheese (1kg)

$13.25 €11.47

$18.36 ISK 2,269

-27.83%

Chicken Fillets (1kg)

$7.70 €6.67

$23.88 ISK 2,952

-67.76%

Beef Round Steak (1kg)

$15.77 €13.66

$43.17 ISK 5,336

-63.47%

Apples (1kg)

$2.28 €1.97

$3.27 ISK 404

-30.28%

Banana (1kg)

$1.66 €1.43

$2.40 ISK 297

-30.83%

Oranges (1kg)

$2.02 €1.75

$3.02 ISK 373

-33.11%

Tomato (1kg)

$2.47 €2.14

$5.02 ISK 621

-50.80%

Potato (1kg)

$1.79 €1.55

$3.71 ISK 459

-51.75%

Onion (1kg)

$2.07 €1.79

$2.36 ISK 291

-12.29%

Lettuce (1 head)

$1.97 €1.71

$3.12 ISK 386

-36.86%

Water (1.5 liter bottle)

$0.83 €0.72

$1.94 ISK 239

-57.22%

Cigarettes 20 Pack (Marlboro, Camel)

$6.55 €5.68

$13.61 ISK 1,682

-51.87%

Wine (Bottle)

$5.57 €4.82

$22.86 ISK 2,825

-75.63%

Local Beer (0.5 liter bottle)

$1.33 €1.15

$3.73 ISK 462

-64.34%

Imported Beer (0.33 liter bottle)

$3.01 €2.60

$3.23 ISK 400

-6.81%

One-way Ticket (Public Transport)

$2.27 €1.97

$4.51 ISK 558

-49.67%

Public Transport Monthly Pass (Regular Price)

$46.35 €40.14

$71.1 ISK 8,788

-34.81%

Taxi Start (Normal Tariff)

$4.23 €3.66

$5.75 ISK 711

-26.43%

Taxi (Normal Tariff) (1km)

$0.85 €0.73

$2.54 ISK 314

-66.54%

Taxi 1hour Waiting (Normal Tariff)

$18.83 €16.31

$85.5 ISK 10.6K

-77.98%

Gasoline (1 liter)

$2.02 €1.75

$2.47 ISK 306

-18.22%

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

$35.0K €30.3K

$47.6K ISK 5.9M

-26.51%

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

$39.6K €34.3K

$52.7K ISK 6.5M

-24.78%

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

$148 €128

$88.2 ISK 10.9K

67.82%

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

$20.52 €17.77

$27.85 ISK 3,442

-26.32%

Internet (50+ Mbps, Unlimited Data)

$39.52 €34.23

$86.0 ISK 10.6K

-54.06%

Gym Membership (Monthly)

$48.17 €41.72

$68.2 ISK 8,428

-29.36%

Tennis Court (1 Hour on Weekend)

$18.39 €15.92

Cinema Ticket

$9.10 €7.88

$16.50 ISK 2,039

-44.85%

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

$615 €532

$320 ISK 39.5K

92.29%

International Primary School, 1 Child (Yearly)

$16.3K €14.1K

$30.0K ISK 3.7M

-45.80%

Jeans (Levis 501 Or Similar)

$102 €88.0

$140 ISK 17.3K

-27.43%

Summer Dress (H&M, Zara, etc)

$42.09 €36.45

$53.1 ISK 6,567

-20.78%

Sport Shoes (Adidas, Nike)

$92.3 €79.9

$163 ISK 20.1K

-43.28%

Men's Leather Business Shoes

$122 €106

$266 ISK 32.8K

-54.05%

1-bedroom Apartment, City Center (Monthly)

$1,612 €1,396

1-bedroom Apartment, Outside City Center (Monthly)

$1,254 €1,086

3-bedroom Apartment, City Center (Monthly)

$3,069 €2,658

3-bedroom Apartment, Outside City Center (Monthly)

$2,037 €1,764

Buy Apartment in City Center (m2)

$7,751 €6,712

$6,605 ISK 816.4K

17.35%

Buy Apartment Outside City Center (m2)

$4,286 €3,712

$6,390 ISK 789.8K

-32.92%

Average Monthly Net Salary (After Tax)

$1,602 €1,387

$5,128 ISK 633.8K

-68.76%

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: July 27, 2026

Last update for Kopavogur: July 26, 2026

Cost Breakdown

Salaries run about 220% higher in Kopavogur, which reinforces the cost advantage – you earn more and spend less. Purchasing power leans clearly in its favor.

A mid-range dinner for two costs $63.0 in Lisbon versus $97.0 in Kopavogur. Monthly groceries follow the same trend: $267 vs $595 – making Lisbon the more affordable choice for daily food spending.

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 Kopavogur: Cost of Living - Frequently Asked Questions

Lisbon costs about 31% more than Kopavogur, with the gap driven mainly by Groceries & Markets. That's enough to noticeably affect everyday spending and lifestyle for anyone choosing between the two.

For a comfortable life, plan on about $3,420 per month in Lisbon and $2,618 in Kopavogur. That covers rent, food, utilities, transport, and enough left over to feel settled – not just surviving.

A mid-range dinner for two costs $63.0 in Lisbon and $97.0 in Kopavogur. That's a good indicator of the overall restaurant and café pricing gap between the two cities.

Monthly expenses with rent come to $2,280 in Lisbon and $1,745 in Kopavogur. The difference isn't just one category – it shows up across housing, food, transport, and services.

A $3,000 monthly budget goes further in Kopavogur, where all-in costs run around $1,745, than in Lisbon at $2,280. In Kopavogur it covers expenses comfortably, while in Lisbon it requires careful planning or may not stretch far enough.

It depends on your priorities. Lisbon has an edge in some lifestyle areas, with costs from $1,745 in Kopavogur to $2,280 in Lisbon. Climate, culture, job market, and personal taste all factor in.

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 Kopavogur. 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.