Cost of Living Comparison Between Lisbon and Reykjavik Cost of Living Comparison Between Lisbon and Reykjavik

🙂 Solo nomad: Lisbon is 50.3% cheaper than Reykjavik without rent, and 39.9% cheaper with rent.

🙂 Family of 3: Lisbon is 50.5% cheaper than Reykjavik without rent, and 39.1% cheaper with rent.

Meal at Budget Restaurant

$15.92 €13.70

$27.22 ISK 3,375

-41.51%

Three-Course Dinner for Two, Mid-Range

$64.5 €55.5

$145 ISK 17.9K

-55.45%

Fast Food Meal (McDonalds, etc)

$10.54 €9.08

$22.41 ISK 2,778

-52.97%

Cappuccino

$2.91 €2.50

$5.94 ISK 737

-51.01%

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

$2.30 €1.98

$3.26 ISK 404

-29.45%

Water (0.33 liter bottle)

$1.57 €1.35

$2.54 ISK 315

-38.19%

Local Beer (0.5 liter draught)

$3.44 €2.96

$12.83 ISK 1,591

-73.19%

Imported Beer (0.33 liter bottle)

$3.87 €3.33

$11.46 ISK 1,421

-66.23%

Milk (1 liter)

$1.14 €0.98

$1.88 ISK 234

-39.36%

White Bread (500g)

$1.79 €1.55

$4.33 ISK 537

-58.66%

Rice (white) (1kg)

$1.75 €1.51

$3.57 ISK 443

-50.98%

Eggs

$3.23 €2.78

$6.56 ISK 813

-50.76%

Local Cheese (1kg)

$13.22 €11.38

$18.18 ISK 2,254

-27.28%

Chicken Fillets (1kg)

$8.03 €6.91

$24.52 ISK 3,040

-67.25%

Beef Round Steak (1kg)

$16.00 €13.77

$42.03 ISK 5,212

-61.93%

Apples (1kg)

$2.33 €2.00

$3.20 ISK 397

-27.19%

Banana (1kg)

$1.65 €1.42

$2.42 ISK 300

-31.82%

Oranges (1kg)

$1.94 €1.67

$3.06 ISK 380

-36.60%

Tomato (1kg)

$2.44 €2.10

$4.86 ISK 603

-49.79%

Potato (1kg)

$1.83 €1.58

$3.66 ISK 454

-50.00%

Onion (1kg)

$2.08 €1.79

$2.34 ISK 290

-11.11%

Lettuce (1 head)

$2.00 €1.72

$3.14 ISK 389

-36.31%

Water (1.5 liter bottle)

$0.80 €0.69

$2.02 ISK 251

-60.40%

Cigarettes 20 Pack (Marlboro, Camel)

$6.74 €5.81

$13.91 ISK 1,725

-51.55%

Wine (Bottle)

$5.80 €4.99

$23.74 ISK 2,944

-75.57%

Local Beer (0.5 liter bottle)

$1.34 €1.15

$3.69 ISK 458

-63.69%

Imported Beer (0.33 liter bottle)

$3.01 €2.59

$3.23 ISK 400

-6.81%

One-way Ticket (Public Transport)

$2.37 €2.04

$5.29 ISK 656

-55.20%

Public Transport Monthly Pass (Regular Price)

$46.20 €39.78

$88.2 ISK 10.9K

-47.62%

Taxi Start (Normal Tariff)

$4.07 €3.51

$6.54 ISK 811

-37.77%

Taxi (Normal Tariff) (1km)

$0.87 €0.75

$2.60 ISK 323

-66.54%

Taxi 1hour Waiting (Normal Tariff)

$18.58 €15.99

$85.8 ISK 10.6K

-78.34%

Gasoline (1 liter)

$2.09 €1.80

$2.51 ISK 312

-16.73%

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

$34.8K €29.9K

$47.1K ISK 5.8M

-26.24%

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

$38.8K €33.4K

$52.6K ISK 6.5M

-26.21%

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

$150 €129

$89.2 ISK 11.1K

68.54%

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

$20.62 €17.75

$27.07 ISK 3,356

-23.83%

Internet (50+ Mbps, Unlimited Data)

$40.09 €34.52

$84.2 ISK 10.4K

-52.36%

Gym Membership (Monthly)

$47.85 €41.20

$84.0 ISK 10.4K

-43.01%

Tennis Court (1 Hour on Weekend)

$18.37 €15.81

$38.09 ISK 4,722

-51.77%

Cinema Ticket

$9.32 €8.02

$17.42 ISK 2,160

-46.50%

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

$615 €529

$324 ISK 40.1K

89.97%

International Primary School, 1 Child (Yearly)

$16.4K €14.2K

$30.5K ISK 3.8M

-46.04%

Jeans (Levis 501 Or Similar)

$104 €89.7

$141 ISK 17.5K

-26.32%

Summer Dress (H&M, Zara, etc)

$41.10 €35.39

$62.6 ISK 7,765

-34.38%

Sport Shoes (Adidas, Nike)

$95.3 €82.0

$183 ISK 22.7K

-48.01%

Men's Leather Business Shoes

$120 €103

$268 ISK 33.2K

-55.16%

1-bedroom Apartment, City Center (Monthly)

$1,630 €1,403

$2,197 ISK 272.4K

-25.81%

1-bedroom Apartment, Outside City Center (Monthly)

$1,229 €1,058

$2,053 ISK 254.6K

-40.15%

3-bedroom Apartment, City Center (Monthly)

$3,018 €2,598

$3,159 ISK 391.6K

-4.46%

3-bedroom Apartment, Outside City Center (Monthly)

$2,004 €1,726

$2,728 ISK 338.3K

-26.54%

Buy Apartment in City Center (m2)

$7,872 €6,778

$7,833 ISK 971.2K

0.50%

Buy Apartment Outside City Center (m2)

$4,319 €3,718

$6,268 ISK 777.2K

-31.10%

Average Monthly Net Salary (After Tax)

$1,611 €1,387

$4,471 ISK 554.4K

-63.97%

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: March 1, 2026

Last update for Reykjavik: March 3, 2026

City Median Internet Speeds Comparison (Updated December 2025)

The chart highlights the Precision Threshold for mobile and fixed broadband internet speeds, updated quarterly.

Digital Nomad Cost of Living Index

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