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

Monthly Cost of Living

A single person spends $2,296 per month in Lisbon vs $1,820 in Kopavogur, rent included.

A couple spends around $3,376 per month in Lisbon vs $3,023 in Kopavogur, rent included.

A family of three spends $4,457 per month in Lisbon vs $4,226 in Kopavogur, rent included.

Lisbon costs about 26% more than Kopavogur, driven mainly by Groceries & Markets.

Both Lisbon and Kopavogur sit above the global median – Lisbon by 68%, Kopavogur by 33%.

Meal at Budget Restaurant

$17.59 €15.32

$30.20 ISK 3,678

-41.75%

Three-Course Dinner for Two, Mid-Range

$62.9 €54.8

$87.7 ISK 10.7K

-28.34%

Fast Food Meal (McDonalds, etc)

$11.58 €10.09

$24.76 ISK 3,016

-53.23%

Cappuccino

$3.10 €2.70

$6.59 ISK 802

-52.96%

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

$2.49 €2.17

$3.03 ISK 369

-17.82%

Water (0.33 liter bottle)

$1.74 €1.52

$3.24 ISK 394

-46.30%

Local Beer (0.5 liter draught)

$3.48 €3.03

$10.87 ISK 1,324

-67.99%

Imported Beer (0.33 liter bottle)

$3.44 €3.00

$12.20 ISK 1,486

-71.80%

Milk (1 liter)

$1.15 €1.00

$1.68 ISK 205

-31.55%

White Bread (500g)

$1.91 €1.66

$4.42 ISK 539

-56.79%

Rice (white) (1kg)

$1.50 €1.31

$3.59 ISK 437

-58.22%

Eggs

$3.98 €3.47

$7.19 ISK 875

-44.65%

Local Cheese (1kg)

$13.29 €11.58

$21.58 ISK 2,629

-38.42%

Chicken Fillets (1kg)

$8.01 €6.98

$24.52 ISK 2,987

-67.33%

Beef Round Steak (1kg)

$18.04 €15.72

$42.80 ISK 5,213

-57.85%

Apples (1kg)

$2.35 €2.05

$3.38 ISK 412

-30.47%

Banana (1kg)

$1.75 €1.52

$2.83 ISK 345

-38.16%

Oranges (1kg)

$1.85 €1.62

$3.28 ISK 399

-43.60%

Tomato (1kg)

$2.55 €2.22

$6.49 ISK 791

-60.71%

Potato (1kg)

$1.84 €1.61

$4.09 ISK 498

-55.01%

Onion (1kg)

$2.10 €1.83

$1.71 ISK 209

22.81%

Lettuce (1 head)

$1.49 €1.29

$3.65 ISK 445

-59.18%

Water (1.5 liter bottle)

$0.82 €0.71

$1.76 ISK 214

-53.41%

Cigarettes 20 Pack (Marlboro, Camel)

$7.10 €6.18

$14.25 ISK 1,735

-50.18%

Wine (Bottle)

$5.91 €5.15

$23.97 ISK 2,920

-75.34%

Local Beer (0.5 liter bottle)

$1.31 €1.15

$3.73 ISK 454

-64.88%

Imported Beer (0.33 liter bottle)

$2.13 €1.86

$3.36 ISK 409

-36.61%

One-way Ticket (Public Transport)

$2.36 €2.05

$4.56 ISK 556

-48.25%

Public Transport Monthly Pass (Regular Price)

$46.62 €40.61

$75.7 ISK 9,221

-38.41%

Taxi Start (Normal Tariff)

$4.08 €3.55

$5.96 ISK 726

-31.54%

Taxi (Normal Tariff) (1km)

$1.14 €0.99

$2.80 ISK 341

-59.29%

Taxi 1hour Waiting (Normal Tariff)

$17.09 €14.89

$75.5 ISK 9,196

-77.36%

Gasoline (1 liter)

$2.31 €2.01

$1.94 ISK 237

19.07%

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

$34.1K €29.7K

$51.5K ISK 6.3M

-33.72%

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

$41.4K €36.0K

$54.0K ISK 6.6M

-23.32%

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

$169 €147

$89.3 ISK 10.9K

88.66%

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

$19.33 €16.84

$32.72 ISK 3,985

-40.92%

Internet (50+ Mbps, Unlimited Data)

$33.51 €29.20

$83.8 ISK 10.2K

-60.00%

Gym Membership (Monthly)

$48.84 €42.55

$70.7 ISK 8,608

-30.89%

Tennis Court (1 Hour on Weekend)

$19.43 €16.93

$53.5 ISK 6,520

-63.70%

Cinema Ticket

$9.57 €8.34

$17.23 ISK 2,099

-44.46%

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

$696 €606

$477 ISK 58.1K

45.83%

International Primary School, 1 Child (Yearly)

$17.4K €15.1K

$30.7K ISK 3.7M

-43.52%

Jeans (Levis 501 Or Similar)

$105 €91.7

$151 ISK 18.4K

-30.26%

Summer Dress (H&M, Zara, etc)

$47.75 €41.60

$54.3 ISK 6,616

-12.09%

Sport Shoes (Adidas, Nike)

$101 €87.6

$165 ISK 20.1K

-38.95%

Men's Leather Business Shoes

$124 €108

$251 ISK 30.6K

-50.46%

1-bedroom Apartment, City Center (Monthly)

$1,662 €1,448

1-bedroom Apartment, Outside City Center (Monthly)

$1,246 €1,086

3-bedroom Apartment, City Center (Monthly)

$2,965 €2,583

3-bedroom Apartment, Outside City Center (Monthly)

$2,049 €1,785

Buy Apartment in City Center (m2)

$7,834 €6,825

$6,709 ISK 817.1K

16.77%

Buy Apartment Outside City Center (m2)

$4,464 €3,889

$6,469 ISK 788.0K

-30.99%

Average Monthly Net Salary (After Tax)

$1,632 €1,421

$5,341 ISK 650.5K

-69.45%

20-Year Fixed Mortgage Interest Rate (Annual %)

3.78

8.88

-57.43%

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

Last update for Lisbon: September 12, 2026

Last update for Kopavogur: September 14, 2026

Cost Breakdown

Salaries run about 227% 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 $88.0 in Kopavogur. Monthly groceries follow the same trend: $277 vs $624 – 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 26% 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 $3,444 per month in Lisbon and $2,730 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 $88.0 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 $2,296 in Lisbon and $1,820 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 $1,820, than in Lisbon at $2,296. 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 $1,820 in Kopavogur to $2,296 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.