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

🙂 Solo nomad: Lisbon is 49.8% cheaper than Reykjavik without rent, and 40.9% cheaper with rent.

🙂 Family of 3: Lisbon is 49.5% cheaper than Reykjavik without rent, and 40.3% cheaper with rent.

Meal at Budget Restaurant

$16.09 €13.89

$26.9 ISK 3,355

-40.19%

Three-Course Dinner for Two, Mid-Range

$64.1 €55.3

$146 ISK 18.3K

-56.22%

Fast Food Meal (McDonalds, etc)

$10.28 €8.88

$22.18 ISK 2,767

-53.65%

Cappuccino

$2.78 €2.4

$6.08 ISK 758

-54.28%

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

$2.23 €1.92

$3.4 ISK 424

-34.41%

Water (0.33 liter bottle)

$1.57 €1.35

$2.5 ISK 312

-37.20%

Local Beer (0.5 liter draught)

$3.41 €2.95

$12.96 ISK 1,617

-73.69%

Imported Beer (0.33 liter bottle)

$3.82 €3.3

$11.05 ISK 1,379

-65.43%

Milk (1 liter)

$1.14 €0.98

$1.88 ISK 234

-39.36%

White Bread (500g)

$1.73 €1.49

$4.26 ISK 531

-59.39%

Rice (white) (1kg)

$1.67 €1.44

$3.67 ISK 458

-54.50%

Eggs

$3.13 €2.7

$6.51 ISK 813

-51.92%

Local Cheese (1kg)

$13.31 €11.5

$17.83 ISK 2,224

-25.35%

Chicken Fillets (1kg)

$7.99 €6.9

$24.1 ISK 3,006

-66.85%

Beef Round Steak (1kg)

$15.97 €13.79

$43.22 ISK 5,391

-63.05%

Apples (1kg)

$2.28 €1.97

$3.19 ISK 397

-28.53%

Banana (1kg)

$1.7 €1.47

$2.54 ISK 317

-33.07%

Oranges (1kg)

$2.04 €1.76

$3.09 ISK 386

-33.98%

Tomato (1kg)

$2.55 €2.2

$5.03 ISK 628

-49.30%

Potato (1kg)

$1.76 €1.52

$3.59 ISK 447

-50.97%

Onion (1kg)

$2.05 €1.77

$2.4 ISK 300

-14.58%

Lettuce (1 head)

$1.98 €1.71

$3.08 ISK 384

-35.71%

Water (1.5 liter bottle)

$0.81 €0.7

$2.01 ISK 250

-59.70%

Cigarettes 20 Pack (Marlboro, Camel)

$6.59 €5.69

$13.9 ISK 1,734

-52.59%

Wine (Bottle)

$5.87 €5.07

$23.87 ISK 2,978

-75.41%

Local Beer (0.5 liter bottle)

$1.33 €1.15

$3.62 ISK 452

-63.26%

Imported Beer (0.33 liter bottle)

$2.92 €2.52

$3.32 ISK 414

-12.05%

One-way Ticket (Public Transport)

$2.27 €1.96

$5.27 ISK 658

-56.93%

Public Transport Monthly Pass (Regular Price)

$46.15 €39.85

$86.4 ISK 10.8K

-46.60%

Taxi Start (Normal Tariff)

$4.23 €3.66

$6.26 ISK 781

-32.43%

Taxi (Normal Tariff) (1km)

$0.86 €0.75

$2.53 ISK 316

-66.01%

Taxi 1hour Waiting (Normal Tariff)

$18.68 €16.13

$85.2 ISK 10.6K

-78.08%

Gasoline (1 liter)

$2.09 €1.81

$2.57 ISK 321

-18.68%

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

$34.5K €29.8K

$47.8K ISK 6M

-27.81%

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

$39.6K €34.2K

$52.4K ISK 6.5M

-24.35%

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

$148 €128

$86.5 ISK 10.8K

71.47%

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

$20.98 €18.11

$26.91 ISK 3,357

-22.04%

Internet (50+ Mbps, Unlimited Data)

$39.65 €34.24

$84.9 ISK 10.6K

-53.31%

Gym Membership (Monthly)

$47.92 €41.37

$82.7 ISK 10.3K

-42.05%

Tennis Court (1 Hour on Weekend)

$18.57 €16.03

$38.2 ISK 4,765

-51.39%

Cinema Ticket

$9.38 €8.1

$17.83 ISK 2,225

-47.39%

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

$607 €524

$318 ISK 39.7K

90.68%

International Primary School, 1 Child (Yearly)

$16.1K €13.9K

$29.9K ISK 3.7M

-46.18%

Jeans (Levis 501 Or Similar)

$104 €90.1

$141 ISK 17.6K

-25.94%

Summer Dress (H&M, Zara, etc)

$41.09 €35.48

$62.4 ISK 7,785

-34.15%

Sport Shoes (Adidas, Nike)

$92.7 €80

$183 ISK 22.9K

-49.47%

Men's Leather Business Shoes

$119 €102

$267 ISK 33.3K

-55.53%

1-bedroom Apartment, City Center (Monthly)

$1,592 €1,375

$2,179 ISK 271.8K

-26.92%

1-bedroom Apartment, Outside City Center (Monthly)

$1,262 €1,090

$2,000 ISK 249.6K

-36.91%

3-bedroom Apartment, City Center (Monthly)

$3,046 €2,630

$3,152 ISK 393.2K

-3.35%

3-bedroom Apartment, Outside City Center (Monthly)

$2,069 €1,787

$2,726 ISK 340.1K

-24.09%

Buy Apartment in City Center (m2)

$7,280 €6,286

$7,821 ISK 975.7K

-6.92%

Buy Apartment Outside City Center (m2)

$4,549 €3,928

$6,501 ISK 811K

-30.02%

Average Monthly Net Salary (After Tax)

$1,462 €1,263

$4,376 ISK 546K

-66.58%

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: October 28, 2025

Last update for Reykjavik: October 28, 2025

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