Last update: Nov 2026

Cost of Living Comparison Between Lisbon and Okotoks

For one person, living is cheaper in Lisbon: $2,206 a month against $2,294 in Okotoks, rent and utilities included – about $1,100 less a year. Rent and utilities account for about half of the difference.

106

Cost of Living Index in Lisbon
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Lisbon Living Index
109

Cost of Living Index in Okotoks
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Okotoks Living Index

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Lisbon

🇵🇹 Portugal

$2,206

/mo nomad

Okotoks

🇨🇦 Canada

$2,294

/mo nomad

Monthly Cost of Living

How much you'll spend in Lisbon and in Okotoks

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

Monthly costs for one person with rent: $2,206 in Lisbon versus $2,294 in Okotoks.

Lisbon $2,206
Okotoks $2,294

Estimated couple costs with rent: $3,276 in Lisbon versus $3,188 in Okotoks.

Lisbon $3,276
Okotoks $3,188

Monthly costs for a family of three with rent: $4,346 in Lisbon versus $4,082 in Okotoks.

Lisbon $4,346
Okotoks $4,082

Living in Lisbon costs roughly 4% less than in Okotoks, and outside of rent the biggest gap is in groceries.

Both cities are pricier than the global median: Lisbon 63% above, Okotoks 70% above.

Meal at Budget Restaurant

$16.86 €14.98

$10.76 CA$15.02

56.69%

Three-Course Dinner for Two, Mid-Range

$61.0 €54.2

$77.6 CA$108

-21.36%

Fast Food Meal (McDonalds, etc)

$10.98 €9.75

$9.90 CA$13.81

10.91%

Cappuccino

$3.05 €2.71

$4.03 CA$5.63

-24.32%

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

$2.28 €2.03

$1.59 CA$2.22

43.40%

Water (0.33 liter bottle)

$1.68 €1.49

$1.63 CA$2.27

3.07%

Local Beer (0.5 liter draught)

$3.44 €3.05

$4.86 CA$6.78

-29.22%

Imported Beer (0.33 liter bottle)

$3.91 €3.47

$4.97 CA$6.94

-21.33%

Milk (1 liter)

$1.15 €1.02

$1.67 CA$2.33

-31.14%

White Bread (500g)

$1.89 €1.68

$2.23 CA$3.11

-15.25%

Rice (white) (1kg)

$1.50 €1.33

$2.96 CA$4.13

-49.32%

Eggs

$4.12 €3.66

$3.64 CA$5.08

13.19%

Local Cheese (1kg)

$13.01 €11.55

$10.95 CA$15.29

18.81%

Chicken Fillets (1kg)

$8.04 €7.15

$11.68 CA$16.30

-31.16%

Beef Round Steak (1kg)

$17.89 €15.89

$19.09 CA$26.63

-6.29%

Apples (1kg)

$2.27 €2.02

$3.90 CA$5.44

-41.79%

Banana (1kg)

$1.74 €1.55

$1.23 CA$1.72

41.46%

Oranges (1kg)

$1.82 €1.62

$4.29 CA$5.99

-57.58%

Tomato (1kg)

$2.69 €2.39

$4.00 CA$5.58

-32.75%

Potato (1kg)

$1.77 €1.57

$2.20 CA$3.07

-19.55%

Onion (1kg)

$1.94 €1.72

$1.81 CA$2.53

7.18%

Lettuce (1 head)

$1.46 €1.30

$2.47 CA$3.45

-40.89%

Water (1.5 liter bottle)

$0.76 €0.68

$1.85 CA$2.59

-58.92%

Cigarettes 20 Pack (Marlboro, Camel)

$6.66 €5.91

$12.73 CA$17.76

-47.68%

Wine (Bottle)

$5.64 €5.01

$11.65 CA$16.25

-51.59%

Local Beer (0.5 liter bottle)

$1.29 €1.15

$3.52 CA$4.92

-63.35%

Imported Beer (0.33 liter bottle)

$2.14 €1.90

$2.96 CA$4.12

-27.70%

One-way Ticket (Public Transport)

$2.30 €2.04

$2.56 CA$3.58

-10.16%

Public Transport Monthly Pass (Regular Price)

$44.02 €39.10

$52.8 CA$73.7

-16.61%

Taxi Start (Normal Tariff)

$3.98 €3.54

$2.86 CA$3.99

39.16%

Taxi (Normal Tariff) (1km)

$0.64 €0.57

$1.42 CA$1.98

-54.93%

Taxi 1hour Waiting (Normal Tariff)

$18.93 €16.81

$21.42 CA$29.90

-11.62%

Gasoline (1 liter)

$2.28 €2.02

$1.00 CA$1.39

128.00%

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

$33.4K €29.6K

$27.9K CA$38.9K

19.58%

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

$38.5K €34.2K

$20.7K CA$28.9K

86.25%

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

$158 €141

$228 CA$318

-30.52%

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

$17.54 €15.58

$45.75 CA$63.8

-61.66%

Internet (50+ Mbps, Unlimited Data)

$31.18 €27.70

$55.6 CA$77.6

-43.94%

Gym Membership (Monthly)

$44.64 €39.66

$27.12 CA$37.85

64.60%

Tennis Court (1 Hour on Weekend)

$18.98 €16.86

Cinema Ticket

$9.58 €8.51

$12.04 CA$16.80

-20.43%

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

$674 €598

$631 CA$880

6.80%

International Primary School, 1 Child (Yearly)

$18.7K €16.6K

$9,542 CA$13.3K

96.28%

Jeans (Levis 501 Or Similar)

$102 €90.8

$41.31 CA$57.7

147.37%

Summer Dress (H&M, Zara, etc)

$45.90 €40.77

$46.03 CA$64.2

-0.28%

Sport Shoes (Adidas, Nike)

$102 €90.8

$59.8 CA$83.5

70.82%

Men's Leather Business Shoes

$122 €108

$72.0 CA$100

69.48%

1-bedroom Apartment, City Center (Monthly)

$1,641 €1,457

$1,200 CA$1,675

36.68%

1-bedroom Apartment, Outside City Center (Monthly)

$1,187 €1,055

$1,164 CA$1,624

2.02%

3-bedroom Apartment, City Center (Monthly)

$2,825 €2,509

$1,713 CA$2,391

64.84%

3-bedroom Apartment, Outside City Center (Monthly)

$2,018 €1,793

$1,589 CA$2,217

27.05%

Buy Apartment in City Center (m2)

$7,836 €6,960

$3,055 CA$4,263

156.51%

Buy Apartment Outside City Center (m2)

$4,701 €4,176

$3,169 CA$4,423

48.33%

Average Monthly Net Salary (After Tax)

$1,687 €1,499

$2,982 CA$4,161

-43.42%

20-Year Fixed Mortgage Interest Rate (Annual %)

3.82

4.32

-11.57%

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

Last update for Lisbon: November 1, 2026

Last update for Okotoks: November 1, 2026

Monthly budget structure

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

Accommodation & Living

Lisbon

$1.2K 53.8%

Okotoks

$1.2K 50.7% 2% $24

Groceries & Markets

Lisbon

$275 12.5%

Okotoks

$367 16% 33.7% $93

Eating Out

Lisbon

$245 11.1%

Okotoks

$211 9.2% 13.9% $34

Monthly Utilities & Internet

Lisbon

$207 9.4%

Okotoks

$329 14.3% 59% $122

Clothing & Footwear

Lisbon

$168 7.6%

Okotoks

$99 4.3% 41.1% $69

Sport & Entertainment

Lisbon

$64 2.9%

Okotoks

$51 2.2% 19.8% $13

Getting Around

Lisbon

$60 2.7%

Okotoks

$73 3.2% 20.8% $13

Cost Breakdown

A one-bedroom apartment in the center runs $1,641 in Lisbon and $1,200 in Okotoks. Housing cost is often the main lever when comparing two cities.

Okotoks pays 77% more on average. How far that income stretches comes down to housing choices and lifestyle.

Dining out: $61 in Lisbon vs $78 in Okotoks for a mid-range dinner for two. Groceries echo the gap at $275 vs $367 per month, with Lisbon cheaper across the board.

Good to know

🇵🇹 Lisbon

🇨🇦 Okotoks

🕒 Local time

12:29 12:29 PM

06:29 6:29 AM

6 h behind Lisbon

🌤 Weather

👥 Population

545,923 Capital

30,214

💱 Currency

Euro EUR €

Canadian Dollar CAD $

📈 Exchange rate

1 EUR = 1.13 USD

1 CAD = 0.717 USD

1 CAD = 0.639 EUR

Exchange rates and currency converter

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Lisbon Okotoks 7,680 km ≈ 10 h 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 Okotoks: Cost of Living - Frequently Asked Questions

Total monthly costs including rent come to $2,206 in Lisbon and $2,294 in Okotoks, so Lisbon is about 4% cheaper – a gap that matters a lot on a fixed or modest income.

On paper, salaries run 43% 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.

Rent for a central apartment: $1,641 in Lisbon versus $1,200 in Okotoks. Housing is usually the single largest factor when comparing overall living costs between the two.

Childcare runs $674 in Lisbon versus $631 in Okotoks. Over years of preschool, even a modest monthly gap compounds into a major financial factor for families.

Supermarket bills run roughly 34% higher in Okotoks. For households that cook at home regularly, that difference adds up over a month.

Either city works on $3,000 a month, though Lisbon gives you more room to save. At this income level, the choice is more about lifestyle than financial pressure.

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 Okotoks are both considered safe, so it’s unlikely to be the deciding factor between them.

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