Cost of Living Comparison Between Lisbon and Njardvik Cost of Living Comparison Between Lisbon and Njardvik

Monthly Cost of Living

Monthly costs for one person with rent: $2,280 in Lisbon versus $3,084 in Njardvik.

Estimated couple costs with rent: $3,294 in Lisbon versus $4,824 in Njardvik.

Monthly costs for a family of three with rent: $4,307 in Lisbon versus $6,564 in Njardvik.

Living in Lisbon costs roughly 26% less than in Njardvik, driven mainly by Groceries & Markets.

Both cities are pricier than the global median: Lisbon 71% above, Njardvik 132% above.

Meal at Budget Restaurant

$15.75 €13.64

$23.99 ISK 2,965

-34.35%

Three-Course Dinner for Two, Mid-Range

$63.5 €55.0

$97.5 ISK 12.1K

-34.92%

Fast Food Meal (McDonalds, etc)

$10.45 €9.05

$16.12 ISK 1,993

-35.17%

Cappuccino

$2.91 €2.52

$6.07 ISK 751

-52.06%

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

$2.29 €1.98

$1.63 ISK 202

40.49%

Water (0.33 liter bottle)

$1.50 €1.30

$2.43 ISK 301

-38.27%

Local Beer (0.5 liter draught)

$3.56 €3.09

$10.60 ISK 1,310

-66.42%

Imported Beer (0.33 liter bottle)

$3.96 €3.43

$11.11 ISK 1,373

-64.36%

Milk (1 liter)

$1.08 €0.94

$1.86 ISK 230

-41.94%

White Bread (500g)

$1.76 €1.53

$4.19 ISK 518

-58.00%

Rice (white) (1kg)

$1.70 €1.47

$3.56 ISK 440

-52.25%

Eggs

$3.25 €2.81

$6.29 ISK 777

-48.33%

Local Cheese (1kg)

$13.25 €11.47

$18.07 ISK 2,233

-26.67%

Chicken Fillets (1kg)

$7.70 €6.67

$23.80 ISK 2,941

-67.65%

Beef Round Steak (1kg)

$15.77 €13.66

$42.65 ISK 5,272

-63.02%

Apples (1kg)

$2.28 €1.97

$3.30 ISK 408

-30.91%

Banana (1kg)

$1.66 €1.43

$2.41 ISK 298

-31.12%

Oranges (1kg)

$2.02 €1.75

$2.96 ISK 366

-31.76%

Tomato (1kg)

$2.47 €2.14

$5.14 ISK 636

-51.95%

Potato (1kg)

$1.79 €1.55

$3.51 ISK 434

-49.00%

Onion (1kg)

$2.07 €1.79

$2.44 ISK 302

-15.16%

Lettuce (1 head)

$1.97 €1.71

$3.18 ISK 393

-38.05%

Water (1.5 liter bottle)

$0.83 €0.72

$1.94 ISK 240

-57.22%

Cigarettes 20 Pack (Marlboro, Camel)

$6.55 €5.68

$13.76 ISK 1,701

-52.40%

Wine (Bottle)

$5.57 €4.82

$23.07 ISK 2,851

-75.86%

Local Beer (0.5 liter bottle)

$1.33 €1.15

$3.68 ISK 455

-63.86%

Imported Beer (0.33 liter bottle)

$3.01 €2.60

$3.38 ISK 417

-10.95%

One-way Ticket (Public Transport)

$2.27 €1.97

Public Transport Monthly Pass (Regular Price)

$46.35 €40.14

Taxi Start (Normal Tariff)

$4.23 €3.66

$6.47 ISK 800

-34.62%

Taxi (Normal Tariff) (1km)

$0.85 €0.73

$2.54 ISK 314

-66.54%

Taxi 1hour Waiting (Normal Tariff)

$18.83 €16.31

$85.6 ISK 10.6K

-78.01%

Gasoline (1 liter)

$2.02 €1.75

$2.56 ISK 317

-21.09%

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

$35.0K €30.3K

$46.9K ISK 5.8M

-25.43%

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

$39.6K €34.3K

$52.4K ISK 6.5M

-24.40%

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

$148 €128

$86.4 ISK 10.7K

71.31%

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

$20.52 €17.77

$27.25 ISK 3,368

-24.70%

Internet (50+ Mbps, Unlimited Data)

$39.52 €34.23

$86.4 ISK 10.7K

-54.27%

Gym Membership (Monthly)

$48.17 €41.72

$79.4 ISK 9,814

-39.33%

Tennis Court (1 Hour on Weekend)

$18.39 €15.92

Cinema Ticket

$9.10 €7.88

$17.27 ISK 2,134

-47.31%

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

$615 €532

$325 ISK 40.2K

89.06%

International Primary School, 1 Child (Yearly)

$16.3K €14.1K

$29.8K ISK 3.7M

-45.38%

Jeans (Levis 501 Or Similar)

$102 €88.0

$123 ISK 15.1K

-17.09%

Summer Dress (H&M, Zara, etc)

$42.09 €36.45

$61.0 ISK 7,540

-31.01%

Sport Shoes (Adidas, Nike)

$92.3 €79.9

$183 ISK 22.6K

-49.57%

Men's Leather Business Shoes

$122 €106

$268 ISK 33.1K

-54.41%

1-bedroom Apartment, City Center (Monthly)

$1,612 €1,396

1-bedroom Apartment, Outside City Center (Monthly)

$1,254 €1,086

$1,466 ISK 181.1K

-14.47%

3-bedroom Apartment, City Center (Monthly)

$3,069 €2,658

3-bedroom Apartment, Outside City Center (Monthly)

$2,037 €1,764

$2,609 ISK 322.5K

-21.95%

Buy Apartment in City Center (m2)

$7,751 €6,712

Buy Apartment Outside City Center (m2)

$4,286 €3,712

Average Monthly Net Salary (After Tax)

$1,602 €1,387

$3,915 ISK 483.9K

-59.09%

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 Njardvik: July 26, 2026

Cost Breakdown

Njardvik pays 144% more on average. The extra income cushions the higher costs, though housing choices and lifestyle decide how much of the gap is truly closed.

Dining out: $63.0 in Lisbon vs $98.0 in Njardvik for a mid-range dinner for two. Groceries echo the gap at $267 vs $592 per month, with Lisbon cheaper across the board.

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 Njardvik: Cost of Living - Frequently Asked Questions

Lisbon and Njardvik differ by about 35% in total monthly costs ($2,280 vs $3,084 including rent). Lisbon is meaningfully more affordable – a gap that matters a lot on a fixed or modest income.

On paper, salaries run 144% lower in Njardvik. That's worth factoring in alongside costs, though remote workers earning in a stronger currency may not notice the difference at all.

Supermarket bills run roughly 122% higher in Njardvik. For households that cook at home regularly, that difference adds up over a month.

All in, you'll spend $2,280 per month in Lisbon versus $3,084 in Njardvik – a 35% gap that adds up to real savings over time for anyone picking the cheaper option.

At $2,280 in Lisbon versus $3,084 in Njardvik, a $3,000 budget is realistic in Lisbon but tight or insufficient in Njardvik. The gap between the two cities makes Lisbon 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.

Safety-wise, Lisbon and Njardvik are on par. Petty crime is typical for cities this size, and most residents feel comfortable going about their daily routines in either place.

Expats usually find Lisbon gentler on the wallet – expenses run 35% less than in Njardvik. Beyond cost, consider language, visa policies, and how big the international community is in each city.