Last update: Nov 2026

Cost of Living Comparison Between Lisbon and Kopavogur

For one person, living is cheaper in Kopavogur: $1,838 a month against $2,206 in Lisbon, rent and utilities included – about $4,400 less a year. Higher rent and utilities in Lisbon outweigh lower spending on other living expenses.

106

Cost of Living Index in Lisbon
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Lisbon Living Index
88

Cost of Living Index in Kopavogur
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Kopavogur Living Index

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Lisbon

🇵🇹 Portugal

$2,206

/mo nomad

Kopavogur

🇮🇸 Iceland

$1,838

/mo nomad

Monthly Cost of Living

How much you'll spend in Lisbon and in Kopavogur

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 Kopavogur actually costs, broken down by who's living it.

A single person spends $2,206 per month in Lisbon vs $1,838 in Kopavogur, rent included.

Lisbon $2,206
Kopavogur $1,838

A couple spends around $3,276 per month in Lisbon vs $3,050 in Kopavogur, rent included.

Lisbon $3,276
Kopavogur $3,050

A family of three spends $4,346 per month in Lisbon vs $4,261 in Kopavogur, rent included.

Lisbon $4,346
Kopavogur $4,261

Lisbon costs about 20% more than Kopavogur.

Both Lisbon and Kopavogur sit above the global median – Lisbon by 63%, Kopavogur by 36%.

Meal at Budget Restaurant

$16.86 €15.01

$31.53 ISK 3,830

-46.53%

Three-Course Dinner for Two, Mid-Range

$61.0 €54.4

$88.3 ISK 10.7K

-30.85%

Fast Food Meal (McDonalds, etc)

$10.98 €9.78

$24.39 ISK 2,964

-54.98%

Cappuccino

$3.05 €2.72

$6.86 ISK 833

-55.54%

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

$2.28 €2.03

$2.97 ISK 361

-23.23%

Water (0.33 liter bottle)

$1.68 €1.50

$3.08 ISK 374

-45.45%

Local Beer (0.5 liter draught)

$3.44 €3.06

$10.75 ISK 1,306

-68.00%

Imported Beer (0.33 liter bottle)

$3.91 €3.48

$12.37 ISK 1,503

-68.39%

Milk (1 liter)

$1.15 €1.02

$1.67 ISK 203

-31.14%

White Bread (500g)

$1.89 €1.68

$4.22 ISK 513

-55.21%

Rice (white) (1kg)

$1.50 €1.34

$3.67 ISK 445

-59.13%

Eggs

$4.12 €3.66

$7.00 ISK 851

-41.14%

Local Cheese (1kg)

$13.01 €11.58

$21.57 ISK 2,621

-39.68%

Chicken Fillets (1kg)

$8.04 €7.16

$24.27 ISK 2,949

-66.87%

Beef Round Steak (1kg)

$17.89 €15.93

$41.66 ISK 5,061

-57.06%

Apples (1kg)

$2.27 €2.02

$3.40 ISK 414

-33.24%

Banana (1kg)

$1.74 €1.55

$2.82 ISK 342

-38.30%

Oranges (1kg)

$1.82 €1.62

$3.24 ISK 394

-43.83%

Tomato (1kg)

$2.69 €2.39

$6.53 ISK 793

-58.81%

Potato (1kg)

$1.77 €1.57

$3.88 ISK 471

-54.38%

Onion (1kg)

$1.94 €1.72

$1.72 ISK 209

12.79%

Lettuce (1 head)

$1.46 €1.30

$3.63 ISK 441

-59.78%

Water (1.5 liter bottle)

$0.76 €0.68

$1.83 ISK 223

-58.47%

Cigarettes 20 Pack (Marlboro, Camel)

$6.66 €5.93

$13.81 ISK 1,678

-51.77%

Wine (Bottle)

$5.64 €5.02

$23.92 ISK 2,907

-76.42%

Local Beer (0.5 liter bottle)

$1.29 €1.15

$3.59 ISK 436

-64.07%

Imported Beer (0.33 liter bottle)

$2.14 €1.90

$3.36 ISK 408

-36.31%

One-way Ticket (Public Transport)

$2.30 €2.05

$4.61 ISK 560

-50.11%

Public Transport Monthly Pass (Regular Price)

$44.02 €39.19

$75.1 ISK 9,124

-41.38%

Taxi Start (Normal Tariff)

$3.98 €3.55

$5.87 ISK 713

-32.20%

Taxi (Normal Tariff) (1km)

$0.64 €0.57

$2.78 ISK 338

-76.98%

Taxi 1hour Waiting (Normal Tariff)

$18.93 €16.85

$79.3 ISK 9,629

-76.11%

Gasoline (1 liter)

$2.28 €2.03

$2.10 ISK 255

8.57%

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

$33.4K €29.7K

$67.5K ISK 8.2M

-50.58%

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

$38.5K €34.3K

$55.6K ISK 6.8M

-30.71%

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

$158 €141

$97.8 ISK 11.9K

61.73%

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

$17.54 €15.62

$32.42 ISK 3,939

-45.90%

Internet (50+ Mbps, Unlimited Data)

$31.18 €27.77

$87.1 ISK 10.6K

-64.19%

Gym Membership (Monthly)

$44.64 €39.75

$70.3 ISK 8,536

-36.46%

Tennis Court (1 Hour on Weekend)

$18.98 €16.90

$54.0 ISK 6,565

-64.87%

Cinema Ticket

$9.58 €8.53

$17.00 ISK 2,066

-43.65%

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

$674 €600

$473 ISK 57.4K

42.52%

International Primary School, 1 Child (Yearly)

$18.7K €16.7K

$26.1K ISK 3.2M

-28.27%

Jeans (Levis 501 Or Similar)

$102 €91.0

$149 ISK 18.1K

-31.47%

Summer Dress (H&M, Zara, etc)

$45.90 €40.87

$52.6 ISK 6,388

-12.69%

Sport Shoes (Adidas, Nike)

$102 €91.0

$164 ISK 19.9K

-37.61%

Men's Leather Business Shoes

$122 €109

$249 ISK 30.2K

-50.96%

1-bedroom Apartment, City Center (Monthly)

$1,641 €1,461

1-bedroom Apartment, Outside City Center (Monthly)

$1,187 €1,057

3-bedroom Apartment, City Center (Monthly)

$2,825 €2,515

3-bedroom Apartment, Outside City Center (Monthly)

$2,018 €1,797

Buy Apartment in City Center (m2)

$7,836 €6,977

$6,715 ISK 815.9K

16.68%

Buy Apartment Outside City Center (m2)

$4,701 €4,186

$6,625 ISK 805.0K

-29.04%

Average Monthly Net Salary (After Tax)

$1,687 €1,502

$5,343 ISK 649.2K

-68.43%

20-Year Fixed Mortgage Interest Rate (Annual %)

3.82

8.81

-56.64%

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

Last update for Lisbon: November 1, 2026

Last update for Kopavogur: November 2, 2026

Monthly budget structure

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

Accommodation & Living

Lisbon

$1.2K 53.8%

Kopavogur

- * 0% 100%

Groceries & Markets

Lisbon

$275 12.5%

Kopavogur

$616 33.5% 125% $342

Eating Out

Lisbon

$245 11.1%

Kopavogur

$510 27.8% 108% $265

Monthly Utilities & Internet

Lisbon

$207 9.4%

Kopavogur

$217 11.8% 5% $10

Clothing & Footwear

Lisbon

$168 7.6%

Kopavogur

$276 15% 65% $109

Sport & Entertainment

Lisbon

$64 2.9%

Kopavogur

$104 5.7% 63.4% $40

Getting Around

Lisbon

$60 2.7%

Kopavogur

$113 6.2% 87.6% $53

Categories marked with * are only partly priced – their share counts the items that do have prices.

Cost Breakdown

Salaries in Kopavogur are about 3.2 times higher, 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 $61 in Lisbon versus $88 in Kopavogur. Monthly groceries follow the same trend: $275 vs $616 – making Lisbon the more affordable choice for daily food spending.

Good to know

🇵🇹 Lisbon

🇮🇸 Kopavogur

🕒 Local time

05:46 5:46 AM

Same time as Lisbon

🌤 Weather

👥 Population

545,923 Capital

39,335

💱 Currency

Euro EUR €

Icelandic Króna ISK kr

📈 Exchange rate

1 EUR = 1.12 USD

1,000 ISK = 8.23 USD

1,000 ISK = 7.33 EUR

Exchange rates and currency converter

ISK, USD to EUR – Euro Converter

🇺🇸 United States Dollar ($)

🇪🇺 Euro (€)

Euro exchange rates as of November 6, 2026: 1 USD = 0.89 EUR (1 EUR = 1.12 USD).

Icelandic Króna exchange rates as of November 6, 2026: 1 USD = 122 ISK (1,000 ISK = 8.23 USD). 1 EUR = 136 ISK (1,000 ISK = 7.33 EUR).

USD to EUR in detail →

On the map

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Between locations

Lisbon Kopavogur 2,950 km ≈ 4 h 15 min nonstop flight

From you

Lisbon
Kopavogur

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 Kopavogur: Cost of Living - Frequently Asked Questions

For a comfortable life, plan on about $3,309 per month in Lisbon and $2,757 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 $61 in Lisbon and $88 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 $2,206 in Lisbon and $1,838 in Kopavogur. That makes Kopavogur about 17% cheaper.

$3,000 covers both cities comfortably – all-in costs are $2,206 in Lisbon and $1,838 in Kopavogur, leaving budget for savings and extras in both cases.

It depends on your priorities. Lisbon has an edge in some lifestyle areas, with costs from $1,838 in Kopavogur to $2,206 in Lisbon. Climate, culture, job market, and personal taste all factor in.

Both cities have a reputation for safety. In either place, the choice of neighborhood matters more than the choice between the two cities.