Last update: Oct 2026

Cost of Living Comparison Between Lisbon and Mykonos

For one person, living is cheaper in Mykonos: $1,446 a month against $2,210 in Lisbon, rent and utilities included – about $9,200 less a year. Higher rent and utilities in Lisbon outweigh lower spending on other living expenses.

107

Cost of Living Index in Lisbon
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Lisbon Living Index
70

Cost of Living Index in Mykonos
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Mykonos Living Index

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Lisbon

🇵🇹 Portugal

$2,210

/mo nomad

Mykonos

🇬🇷 Greece

$1,446

/mo nomad

Monthly Cost of Living

How much you'll spend in Lisbon and in Mykonos

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

Monthly costs for one person with rent: $2,210 in Lisbon versus $1,446 in Mykonos.

Lisbon $2,210
Mykonos $1,446

Estimated couple costs with rent: $3,275 in Lisbon versus $2,207 in Mykonos.

Lisbon $3,275
Mykonos $2,207

Monthly costs for a family of three with rent: $4,341 in Lisbon versus $2,969 in Mykonos.

Lisbon $4,341
Mykonos $2,969

Living in Lisbon is roughly 53% more expensive than in Mykonos, and outside of rent the biggest gap is in eating out.

Both cities are pricier than the global median: Lisbon 62% above, Mykonos 6% above.

Meal at Budget Restaurant

$16.65 €14.92

$12.69 €11.37

31.21%

Three-Course Dinner for Two, Mid-Range

$61.7 €55.3

$54.8 €49.11

12.64%

Fast Food Meal (McDonalds, etc)

$11.36 €10.18

$7.99 €7.16

42.18%

Cappuccino

$2.97 €2.66

$3.73 €3.34

-20.38%

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

$2.29 €2.05

$2.38 €2.13

-3.78%

Water (0.33 liter bottle)

$1.74 €1.56

$0.76 €0.68

128.95%

Local Beer (0.5 liter draught)

$3.40 €3.05

$4.50 €4.03

-24.44%

Imported Beer (0.33 liter bottle)

$3.31 €2.97

$5.23 €4.68

-36.71%

Milk (1 liter)

$1.16 €1.04

$1.80 €1.61

-35.56%

White Bread (500g)

$1.91 €1.71

$1.43 €1.28

33.57%

Rice (white) (1kg)

$1.51 €1.36

$1.72 €1.54

-12.21%

Eggs

$4.02 €3.60

$4.14 €3.71

-2.90%

Local Cheese (1kg)

$12.94 €11.59

$15.70 €14.07

-17.58%

Chicken Fillets (1kg)

$7.77 €6.97

$10.34 €9.27

-24.85%

Beef Round Steak (1kg)

$17.76 €15.92

$15.32 €13.73

15.93%

Apples (1kg)

$2.30 €2.06

$2.16 €1.93

6.48%

Banana (1kg)

$1.73 €1.55

$2.13 €1.91

-18.78%

Oranges (1kg)

$1.86 €1.66

$1.40 €1.25

32.86%

Tomato (1kg)

$2.59 €2.32

$1.69 €1.51

53.25%

Potato (1kg)

$1.82 €1.63

$1.18 €1.06

54.24%

Onion (1kg)

$1.97 €1.76

$1.17 €1.05

68.38%

Lettuce (1 head)

$1.47 €1.32

$0.95 €0.85

54.74%

Water (1.5 liter bottle)

$0.72 €0.65

$0.77 €0.69

-6.49%

Cigarettes 20 Pack (Marlboro, Camel)

$6.58 €5.90

$5.15 €4.62

27.77%

Wine (Bottle)

$5.61 €5.02

$7.91 €7.09

-29.08%

Local Beer (0.5 liter bottle)

$1.36 €1.22

$2.23 €1.99

-39.01%

Imported Beer (0.33 liter bottle)

$2.14 €1.91

$2.83 €2.53

-24.38%

One-way Ticket (Public Transport)

$2.33 €2.09

$1.36 €1.22

71.32%

Public Transport Monthly Pass (Regular Price)

$44.68 €40.04

$53.6 €48.06

-16.69%

Taxi Start (Normal Tariff)

$3.85 €3.45

$4.36 €3.90

-11.70%

Taxi (Normal Tariff) (1km)

$1.07 €0.96

$1.09 €0.97

-1.83%

Taxi 1hour Waiting (Normal Tariff)

$16.46 €14.75

$11.14 €9.98

47.76%

Gasoline (1 liter)

$2.20 €1.97

$2.19 €1.96

0.46%

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

$34.2K €30.6K

$27.5K €24.7K

24.16%

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

$38.7K €34.7K

$24.0K €21.5K

61.21%

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

$161 €144

$197 €176

-17.97%

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

$18.41 €16.50

$30.57 €27.40

-39.78%

Internet (50+ Mbps, Unlimited Data)

$32.74 €29.34

$37.49 €33.60

-12.67%

Gym Membership (Monthly)

$44.55 €39.92

$51.8 €46.42

-14.00%

Tennis Court (1 Hour on Weekend)

$19.10 €17.11

$21.60 €19.36

-11.57%

Cinema Ticket

$9.60 €8.60

$9.01 €8.07

6.55%

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

$668 €598

$412 €369

62.08%

International Primary School, 1 Child (Yearly)

$17.6K €15.8K

$3,953 €3,542

345.62%

Jeans (Levis 501 Or Similar)

$102 €91.4

$88.6 €79.4

15.11%

Summer Dress (H&M, Zara, etc)

$44.46 €39.85

$42.89 €38.43

3.66%

Sport Shoes (Adidas, Nike)

$98.5 €88.3

$82.4 €73.8

19.57%

Men's Leather Business Shoes

$124 €111

$137 €122

-9.46%

1-bedroom Apartment, City Center (Monthly)

$1,608 €1,441

$486 €436

230.86%

1-bedroom Apartment, Outside City Center (Monthly)

$1,190 €1,066

$379 €340

213.86%

3-bedroom Apartment, City Center (Monthly)

$2,812 €2,520

$824 €739

241.25%

3-bedroom Apartment, Outside City Center (Monthly)

$2,013 €1,804

$635 €569

217.26%

Buy Apartment in City Center (m2)

$7,839 €7,025

$2,713 €2,431

188.92%

Buy Apartment Outside City Center (m2)

$4,576 €4,100

$1,823 €1,634

150.95%

Average Monthly Net Salary (After Tax)

$1,575 €1,411

$1,600 €1,433

-1.54%

20-Year Fixed Mortgage Interest Rate (Annual %)

3.85

4.44

-13.29%

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

Last update for Lisbon: October 27, 2026

Last update for Mykonos: October 27, 2026

Monthly budget structure

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

Accommodation & Living

Lisbon

$1.2K 53.8%

Mykonos

$379 26.2% 68.1% $811

Groceries & Markets

Lisbon

$272 12.3%

Mykonos

$290 20% 6.4% $17

Eating Out

Lisbon

$243 11%

Mykonos

$216 14.9% 11.1% $27

Monthly Utilities & Internet

Lisbon

$212 9.6%

Mykonos

$265 18.3% 24.6% $52

Clothing & Footwear

Lisbon

$166 7.5%

Mykonos

$158 10.9% 4.9% $8.2

Sport & Entertainment

Lisbon

$64 2.9%

Mykonos

$70 4.8% 9.5% $6.1

Getting Around

Lisbon

$63 2.9%

Mykonos

$69 4.8% 8.9% $5.6

Cost Breakdown

A one-bedroom apartment in the center runs $1,608 in Lisbon and $486 in Mykonos. Housing cost is often the main lever when comparing two cities.

Dining out: $62 in Lisbon vs $55 in Mykonos. Groceries flip the comparison at $272 vs $290, with Lisbon cheaper for home cooking.

Good to know

🇵🇹 Lisbon

🇬🇷 Mykonos

🕒 Local time

12:28 12:28 PM

14:28 2:28 PM

2 h ahead of Lisbon

🌤 Weather

👥 Population

545,923 Capital

10,704

💱 Currency

Euro EUR €

📈 Exchange rate

1 EUR = 1.12 USD

Exchange rates and currency converter

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Between locations

Lisbon Mykonos 3,010 km ≈ 4 h 15 min nonstop flight

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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 Mykonos: Cost of Living - Frequently Asked Questions

Total monthly costs including rent come to $2,210 in Lisbon and $1,446 in Mykonos, so Mykonos is about 35% cheaper – a gap that matters a lot on a fixed or modest income.

You’d need roughly $3,315 in Lisbon and $2,168 in Mykonos to live well. The gap comes down to housing and overall price levels. Both cities are liveable on less, but these numbers represent actual comfort.

Rent for a central apartment: $1,608 in Lisbon versus $486 in Mykonos. Housing is usually the single largest factor when comparing overall living costs between the two.

Childcare runs $668 in Lisbon versus $412 in Mykonos. Over years of preschool, even a modest monthly gap compounds into a major financial factor for families.

Shoppers in Lisbon pay roughly 6% less for everyday groceries. It’s an unusual reversal that partly offsets higher costs elsewhere.

At $1,446 in Mykonos versus $2,210 in Lisbon, a $2,000 budget is realistic in Mykonos but tight or insufficient in Lisbon. The gap between the two cities makes Mykonos the clear choice for anyone on this budget.

Both cities offer a good standard of living with different trade-offs. Neither is objectively better – the right pick depends on what matters most: affordability, career, cultural scene, or climate.