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

Monthly Cost of Living

A single person spends $2,217 per month in Lisbon vs $1,745 in Kopavogur, rent included.

A couple spends around $3,245 per month in Lisbon vs $2,883 in Kopavogur, rent included.

A family of three spends $4,272 per month in Lisbon vs $4,021 in Kopavogur, rent included.

Lisbon costs about 27% more than Kopavogur, driven mainly by Groceries & Markets.

Both Lisbon and Kopavogur sit above the global median – Lisbon by 66%, Kopavogur by 31%.

Meal at Budget Restaurant

$15.78 €13.59

$26.99 ISK 3,354

-41.53%

Three-Course Dinner for Two, Mid-Range

$62.5 €53.8

$97.8 ISK 12.2K

-36.13%

Fast Food Meal (McDonalds, etc)

$10.54 €9.07

$22.20 ISK 2,758

-52.52%

Cappuccino

$2.77 €2.38

$5.94 ISK 737

-53.37%

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

$2.28 €1.97

$2.04 ISK 253

11.76%

Water (0.33 liter bottle)

$1.55 €1.33

$2.61 ISK 324

-40.61%

Local Beer (0.5 liter draught)

$3.55 €3.05

$10.57 ISK 1,313

-66.41%

Imported Beer (0.33 liter bottle)

$3.98 €3.43

$11.17 ISK 1,387

-64.37%

Milk (1 liter)

$1.08 €0.93

$1.67 ISK 208

-35.33%

White Bread (500g)

$1.77 €1.52

$4.24 ISK 527

-58.25%

Rice (white) (1kg)

$1.77 €1.52

$3.75 ISK 466

-52.80%

Eggs

$3.12 €2.69

$6.27 ISK 778

-50.24%

Local Cheese (1kg)

$13.34 €11.49

$18.17 ISK 2,257

-26.58%

Chicken Fillets (1kg)

$7.99 €6.88

$23.76 ISK 2,952

-66.37%

Beef Round Steak (1kg)

$15.92 €13.70

$42.98 ISK 5,340

-62.96%

Apples (1kg)

$2.28 €1.97

$3.20 ISK 398

-28.75%

Banana (1kg)

$1.64 €1.42

$2.40 ISK 299

-31.67%

Oranges (1kg)

$1.98 €1.70

$3.02 ISK 375

-34.44%

Tomato (1kg)

$2.45 €2.11

$4.86 ISK 604

-49.59%

Potato (1kg)

$1.77 €1.52

$3.67 ISK 455

-51.77%

Onion (1kg)

$1.97 €1.69

$2.44 ISK 303

-19.26%

Lettuce (1 head)

$1.97 €1.70

$3.15 ISK 391

-37.46%

Water (1.5 liter bottle)

$0.80 €0.69

$2.00 ISK 248

-60.00%

Cigarettes 20 Pack (Marlboro, Camel)

$6.54 €5.63

$13.48 ISK 1,675

-51.48%

Wine (Bottle)

$5.75 €4.95

$23.65 ISK 2,939

-75.69%

Local Beer (0.5 liter bottle)

$1.32 €1.13

$3.57 ISK 443

-63.03%

Imported Beer (0.33 liter bottle)

$2.99 €2.57

$3.38 ISK 419

-11.54%

One-way Ticket (Public Transport)

$2.34 €2.01

$4.40 ISK 546

-46.82%

Public Transport Monthly Pass (Regular Price)

$45.85 €39.48

$71.0 ISK 8,817

-35.39%

Taxi Start (Normal Tariff)

$4.26 €3.66

$6.01 ISK 747

-29.12%

Taxi (Normal Tariff) (1km)

$0.84 €0.73

$2.61 ISK 324

-67.82%

Taxi 1hour Waiting (Normal Tariff)

$18.86 €16.24

$85.3 ISK 10.6K

-77.90%

Gasoline (1 liter)

$2.07 €1.78

$2.43 ISK 302

-14.81%

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

$35.2K €30.3K

$47.7K ISK 5.9M

-26.18%

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

$38.6K €33.2K

$52.1K ISK 6.5M

-25.89%

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

$151 €130

$86.6 ISK 10.8K

74.56%

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

$20.91 €18.00

$27.14 ISK 3,372

-22.96%

Internet (50+ Mbps, Unlimited Data)

$39.54 €34.05

$84.5 ISK 10.5K

-53.20%

Gym Membership (Monthly)

$48.39 €41.67

$68.9 ISK 8,560

-29.76%

Tennis Court (1 Hour on Weekend)

$18.61 €16.02

Cinema Ticket

$9.04 €7.79

$16.59 ISK 2,061

-45.51%

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

$610 €525

$316 ISK 39.3K

93.17%

International Primary School, 1 Child (Yearly)

$16.3K €14.0K

$30.1K ISK 3.7M

-46.02%

Jeans (Levis 501 Or Similar)

$101 €87.2

$140 ISK 17.4K

-27.53%

Summer Dress (H&M, Zara, etc)

$40.58 €34.94

$52.7 ISK 6,542

-22.92%

Sport Shoes (Adidas, Nike)

$93.0 €80.1

$163 ISK 20.3K

-42.98%

Men's Leather Business Shoes

$119 €102

$261 ISK 32.4K

-54.56%

1-bedroom Apartment, City Center (Monthly)

$1,603 €1,380

1-bedroom Apartment, Outside City Center (Monthly)

$1,239 €1,067

3-bedroom Apartment, City Center (Monthly)

$3,019 €2,599

3-bedroom Apartment, Outside City Center (Monthly)

$2,061 €1,775

Buy Apartment in City Center (m2)

$7,981 €6,872

$6,664 ISK 828.0K

19.76%

Buy Apartment Outside City Center (m2)

$4,533 €3,903

$6,493 ISK 806.7K

-30.19%

Average Monthly Net Salary (After Tax)

$1,628 €1,402

$5,310 ISK 659.7K

-69.34%

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: June 15, 2026

Last update for Kopavogur: June 15, 2026

Cost Breakdown

Salaries run about 226% 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 $62.0 in Lisbon versus $98.0 in Kopavogur. Monthly groceries follow the same trend: $268 vs $592 – 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 27% 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 $3,325 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 $62.0 in Lisbon and $98.0 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 $2,217 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 $2,217. 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 $2,217 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.