Last update: Nov 2026

Cost of Living Comparison Between Lisbon and Njardvik

For one person, living is cheaper in Lisbon: $2,206 a month against $3,133 in Njardvik, rent and utilities included – about $11,100 less a year. Other living expenses account for most of the difference.

106

Cost of Living Index in Lisbon
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Lisbon Living Index
151

Cost of Living Index in Njardvik
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Njardvik Living Index

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Lisbon

🇵🇹 Portugal

$2,206

/mo nomad

Njardvik

🇮🇸 Iceland

$3,133

/mo nomad

Monthly Cost of Living

How much you'll spend in Lisbon and in Njardvik

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

Monthly costs for one person with rent: $2,206 in Lisbon versus $3,133 in Njardvik.

Lisbon $2,206
Njardvik $3,133

Estimated couple costs with rent: $3,276 in Lisbon versus $4,864 in Njardvik.

Lisbon $3,276
Njardvik $4,864

Monthly costs for a family of three with rent: $4,346 in Lisbon versus $6,596 in Njardvik.

Lisbon $4,346
Njardvik $6,596

Living in Lisbon costs roughly 30% less than in Njardvik, and outside of rent the biggest gap is in groceries.

Both cities are pricier than the global median: Lisbon 63% above, Njardvik 132% above.

Meal at Budget Restaurant

$16.86 €14.98

$24.20 ISK 2,940

-30.33%

Three-Course Dinner for Two, Mid-Range

$61.0 €54.2

$98.4 ISK 12.0K

-37.95%

Fast Food Meal (McDonalds, etc)

$10.98 €9.75

$16.27 ISK 1,977

-32.51%

Cappuccino

$3.05 €2.71

$6.46 ISK 784

-52.79%

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

$2.28 €2.03

$1.61 ISK 195

41.61%

Water (0.33 liter bottle)

$1.68 €1.49

$2.41 ISK 292

-30.29%

Local Beer (0.5 liter draught)

$3.44 €3.05

$10.53 ISK 1,280

-67.33%

Imported Beer (0.33 liter bottle)

$3.91 €3.47

$12.43 ISK 1,510

-68.54%

Milk (1 liter)

$1.15 €1.02

$2.12 ISK 258

-45.75%

White Bread (500g)

$1.89 €1.68

$4.24 ISK 515

-55.42%

Rice (white) (1kg)

$1.50 €1.33

$3.64 ISK 443

-58.79%

Eggs

$4.12 €3.66

$7.20 ISK 875

-42.78%

Local Cheese (1kg)

$13.01 €11.55

$21.85 ISK 2,655

-40.46%

Chicken Fillets (1kg)

$8.04 €7.15

$24.79 ISK 3,012

-67.57%

Beef Round Steak (1kg)

$17.89 €15.89

$41.37 ISK 5,027

-56.76%

Apples (1kg)

$2.27 €2.02

$3.40 ISK 413

-33.24%

Banana (1kg)

$1.74 €1.55

$2.85 ISK 347

-38.95%

Oranges (1kg)

$1.82 €1.62

$3.13 ISK 381

-41.85%

Tomato (1kg)

$2.69 €2.39

$6.54 ISK 795

-58.87%

Potato (1kg)

$1.77 €1.57

$3.95 ISK 480

-55.19%

Onion (1kg)

$1.94 €1.72

$1.68 ISK 205

15.48%

Lettuce (1 head)

$1.46 €1.30

$3.75 ISK 456

-61.07%

Water (1.5 liter bottle)

$0.76 €0.68

$1.84 ISK 224

-58.70%

Cigarettes 20 Pack (Marlboro, Camel)

$6.66 €5.91

$13.70 ISK 1,665

-51.39%

Wine (Bottle)

$5.64 €5.01

$23.83 ISK 2,896

-76.33%

Local Beer (0.5 liter bottle)

$1.29 €1.15

$3.61 ISK 439

-64.27%

Imported Beer (0.33 liter bottle)

$2.14 €1.90

$3.35 ISK 407

-36.12%

One-way Ticket (Public Transport)

$2.30 €2.04

Public Transport Monthly Pass (Regular Price)

$44.02 €39.10

Taxi Start (Normal Tariff)

$3.98 €3.54

$6.57 ISK 799

-39.42%

Taxi (Normal Tariff) (1km)

$0.64 €0.57

$2.87 ISK 349

-77.70%

Taxi 1hour Waiting (Normal Tariff)

$18.93 €16.81

$81.0 ISK 9,846

-76.64%

Gasoline (1 liter)

$2.28 €2.02

$2.05 ISK 249

11.22%

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

$33.4K €29.6K

$67.8K ISK 8.2M

-50.75%

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

$38.5K €34.2K

$56.3K ISK 6.8M

-31.57%

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

$158 €141

$96.1 ISK 11.7K

64.63%

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

$17.54 €15.58

$32.14 ISK 3,905

-45.43%

Internet (50+ Mbps, Unlimited Data)

$31.18 €27.70

$85.4 ISK 10.4K

-63.47%

Gym Membership (Monthly)

$44.64 €39.66

$80.6 ISK 9,793

-44.62%

Tennis Court (1 Hour on Weekend)

$18.98 €16.86

Cinema Ticket

$9.58 €8.51

$19.99 ISK 2,429

-52.08%

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

$674 €598

$1,198 ISK 145.5K

-43.75%

International Primary School, 1 Child (Yearly)

$18.7K €16.6K

$26.0K ISK 3.2M

-28.03%

Jeans (Levis 501 Or Similar)

$102 €90.8

$122 ISK 14.8K

-15.96%

Summer Dress (H&M, Zara, etc)

$45.90 €40.77

$66.7 ISK 8,106

-31.21%

Sport Shoes (Adidas, Nike)

$102 €90.8

$183 ISK 22.2K

-44.15%

Men's Leather Business Shoes

$122 €108

$247 ISK 30.0K

-50.62%

1-bedroom Apartment, City Center (Monthly)

$1,641 €1,457

1-bedroom Apartment, Outside City Center (Monthly)

$1,187 €1,055

$1,462 ISK 177.6K

-18.78%

3-bedroom Apartment, City Center (Monthly)

$2,825 €2,509

3-bedroom Apartment, Outside City Center (Monthly)

$2,018 €1,793

$2,674 ISK 324.9K

-24.54%

Buy Apartment in City Center (m2)

$7,836 €6,960

Buy Apartment Outside City Center (m2)

$4,701 €4,176

Average Monthly Net Salary (After Tax)

$1,687 €1,499

$4,080 ISK 495.7K

-58.65%

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 Njardvik: November 1, 2026

Monthly budget structure

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

Accommodation & Living

Lisbon

$1.2K 53.8%

Njardvik

$1.5K 46.7% 23.1% $274

Groceries & Markets

Lisbon

$275 12.5%

Njardvik

$625 19.9% 128% $350

Eating Out

Lisbon

$245 11.1%

Njardvik

$413 13.2% 68.6% $168

Monthly Utilities & Internet

Lisbon

$207 9.4%

Njardvik

$214 6.8% 3.2% $6.7

Clothing & Footwear

Lisbon

$168 7.6%

Njardvik

$278 8.9% 66.1% $111

Sport & Entertainment

Lisbon

$64 2.9%

Njardvik

$121 3.9% 89% $57

Getting Around

Lisbon

$60 2.7%

Njardvik

$21 * 0.7% 65.3% $39

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

Cost Breakdown

Njardvik pays about 2.4 times more on average. How far that income stretches comes down to housing choices and lifestyle.

Dining out: $61 in Lisbon vs $98 in Njardvik for a mid-range dinner for two. Groceries echo the gap at $275 vs $625 per month, with Lisbon cheaper across the board.

Good to know

🇵🇹 Lisbon

🇮🇸 Njardvik

🕒 Local time

23:55 11:55 PM

Same time as Lisbon

🌤 Weather

👥 Population

545,923 Capital

6,000

💱 Currency

Euro EUR €

Icelandic Króna ISK kr

📈 Exchange rate

1 EUR = 1.13 USD

1,000 ISK = 8.23 USD

1,000 ISK = 7.31 EUR

Exchange rates and currency converter

ISK, USD to EUR – Euro Converter

🇺🇸 United States Dollar ($)

🇪🇺 Euro (€)

Euro exchange rates as of November 4, 2026: 1 USD = 0.888 EUR (1 EUR = 1.13 USD).

Icelandic Króna exchange rates as of November 4, 2026: 1 USD = 122 ISK (1,000 ISK = 8.23 USD). 1 EUR = 137 ISK (1,000 ISK = 7.31 EUR).

USD to EUR in detail →

On the map

Lowest

Highest

Between locations

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

From you

Lisbon
Njardvik

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 Njardvik: Cost of Living - Frequently Asked Questions

Total monthly costs including rent come to $2,206 in Lisbon and $3,133 in Njardvik, so Lisbon is about 30% cheaper – a gap that matters a lot on a fixed or modest income.

On paper, salaries run 59% lower in Lisbon. 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 128% higher in Njardvik. For households that cook at home regularly, that difference adds up over a month.

All in, you’ll spend $2,206 per month in Lisbon versus $3,133 in Njardvik – Lisbon is about 30% cheaper, which adds up to real savings over time.

At $2,206 in Lisbon versus $3,133 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 both considered safe, so it’s unlikely to be the deciding factor between them.

It comes down to priorities – Lisbon wins on affordability, Njardvik on earning potential. Factor in climate, language, visa rules, and proximity to places that matter to you before deciding.