Cost of Living Comparison Between Lisbon and Torshavn Cost of Living Comparison Between Lisbon and Torshavn

Monthly Cost of Living

Monthly costs for one person with rent: $2,291 in Lisbon versus $2,279 in Torshavn.

Estimated couple costs with rent: $3,322 in Lisbon versus $3,597 in Torshavn.

Monthly costs for a family of three with rent: $4,354 in Lisbon versus $4,916 in Torshavn.

Living in Lisbon is roughly 1% more expensive than in Torshavn, driven mainly by Eating Out.

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

Meal at Budget Restaurant

$16.19 €14.17

$22.94 FOK 150

-29.42%

Three-Course Dinner for Two, Mid-Range

$63.3 €55.4

$138 FOK 903

-54.20%

Fast Food Meal (McDonalds, etc)

$10.32 €9.03

$20.23 FOK 132

-48.99%

Cappuccino

$2.83 €2.48

$7.03 FOK 45.90

-59.74%

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

$2.29 €2.00

$3.11 FOK 20.31

-26.37%

Water (0.33 liter bottle)

$1.58 €1.38

$2.57 FOK 16.77

-38.52%

Local Beer (0.5 liter draught)

$3.40 €2.98

$9.49 FOK 62.0

-64.17%

Imported Beer (0.33 liter bottle)

$4.03 €3.52

$8.50 FOK 55.5

-52.59%

Milk (1 liter)

$1.09 €0.95

$2.27 FOK 14.84

-51.98%

White Bread (500g)

$1.75 €1.53

$4.00 FOK 26.15

-56.25%

Rice (white) (1kg)

$1.76 €1.54

$1.89 FOK 12.36

-6.88%

Eggs

$3.17 €2.77

$5.74 FOK 37.47

-44.77%

Local Cheese (1kg)

$13.19 €11.54

$12.90 FOK 84.2

2.25%

Chicken Fillets (1kg)

$7.97 €6.97

$14.16 FOK 92.5

-43.71%

Beef Round Steak (1kg)

$15.53 €13.59

Apples (1kg)

$2.37 €2.07

$2.34 FOK 15.29

1.28%

Banana (1kg)

$1.71 €1.49

$2.81 FOK 18.36

-39.15%

Oranges (1kg)

$2.01 €1.76

$3.05 FOK 19.89

-34.10%

Tomato (1kg)

$2.43 €2.13

$1.89 FOK 12.36

28.57%

Potato (1kg)

$1.76 €1.54

$2.72 FOK 17.79

-35.29%

Onion (1kg)

$2.03 €1.78

$3.39 FOK 22.15

-40.12%

Lettuce (1 head)

$1.92 €1.68

$2.53 FOK 16.53

-24.11%

Water (1.5 liter bottle)

$0.85 €0.74

$2.74 FOK 17.91

-68.98%

Cigarettes 20 Pack (Marlboro, Camel)

$6.58 €5.76

$10.72 FOK 70.0

-38.62%

Wine (Bottle)

$5.58 €4.88

$12.80 FOK 83.6

-56.41%

Local Beer (0.5 liter bottle)

$1.33 €1.17

$2.15 FOK 14.06

-38.14%

Imported Beer (0.33 liter bottle)

$2.97 €2.60

$3.02 FOK 19.75

-1.66%

One-way Ticket (Public Transport)

$2.28 €1.99

Public Transport Monthly Pass (Regular Price)

$45.79 €40.06

Taxi Start (Normal Tariff)

$4.23 €3.70

$12.44 FOK 81.2

-66.00%

Taxi (Normal Tariff) (1km)

$0.81 €0.71

Taxi 1hour Waiting (Normal Tariff)

$18.44 €16.13

Gasoline (1 liter)

$2.08 €1.82

$2.08 FOK 13.60

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

$34.7K €30.3K

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

$39.2K €34.3K

$55.9K FOK 364.9K

-29.93%

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

$148 €130

$131 FOK 857

12.77%

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

$20.46 €17.90

$39.70 FOK 259

-48.46%

Internet (50+ Mbps, Unlimited Data)

$39.56 €34.61

$67.3 FOK 439

-41.18%

Gym Membership (Monthly)

$47.99 €41.99

$40.01 FOK 261

19.95%

Tennis Court (1 Hour on Weekend)

$18.60 €16.27

Cinema Ticket

$9.22 €8.07

$16.37 FOK 107

-43.68%

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

$616 €539

$559 FOK 3,648

10.27%

International Primary School, 1 Child (Yearly)

$16.4K €14.4K

Jeans (Levis 501 Or Similar)

$103 €89.9

$155 FOK 1,010

-33.58%

Summer Dress (H&M, Zara, etc)

$41.74 €36.52

$62.4 FOK 408

-33.12%

Sport Shoes (Adidas, Nike)

$94.8 €82.9

$165 FOK 1,078

-42.60%

Men's Leather Business Shoes

$122 €107

$224 FOK 1,461

-45.47%

1-bedroom Apartment, City Center (Monthly)

$1,633 €1,428

$1,103 FOK 7,204

47.99%

1-bedroom Apartment, Outside City Center (Monthly)

$1,232 €1,078

$938 FOK 6,125

31.39%

3-bedroom Apartment, City Center (Monthly)

$3,098 €2,711

$1,959 FOK 12.8K

58.16%

3-bedroom Apartment, Outside City Center (Monthly)

$2,031 €1,777

$1,516 FOK 9,898

34.01%

Buy Apartment in City Center (m2)

$7,831 €6,851

$4,755 FOK 31.0K

64.71%

Buy Apartment Outside City Center (m2)

$4,389 €3,840

$4,761 FOK 31.1K

-7.82%

Average Monthly Net Salary (After Tax)

$1,607 €1,406

$3,297 FOK 21.5K

-51.25%

20-Year Fixed Mortgage Interest Rate (Annual %)

3.81

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

Last update for Lisbon: July 14, 2026

Last update for Torshavn: July 12, 2026

Cost Breakdown

A one-bedroom apartment in the center runs $1,633 in Lisbon and $1,103 in Torshavn. Housing cost is often the main lever when comparing two cities.

Torshavn pays 105% more on average while also being the cheaper of the two. The combined effect is a noticeably stronger local purchasing power.

Dining out: $63.0 in Lisbon vs $138 in Torshavn for a mid-range dinner for two. Groceries echo the gap at $267 vs $353 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 Torshavn: Cost of Living - Frequently Asked Questions

Lisbon and Torshavn differ by about 1% in total monthly costs ($2,291 vs $2,279 including rent). Torshavn is meaningfully more affordable – a gap that matters a lot on a fixed or modest income.

On paper, salaries run 105% lower in Torshavn. 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: $1,633 in Lisbon versus $1,103 in Torshavn. Housing is usually the single largest factor when comparing overall living costs between the two.

Shoppers in Lisbon pay roughly 32% less for everyday groceries. It's an unusual reversal that partly offsets higher costs elsewhere.

All in, you'll spend $2,291 per month in Lisbon versus $2,279 in Torshavn – a 1% gap that adds up to real savings over time for anyone picking the cheaper option.

Both cities are expensive relative to $3,000. Torshavn is the more realistic option, but even there you'll need to be disciplined with housing, food, and fun money.

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 Torshavn 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 Torshavn gentler on the wallet – expenses run 1% less than in Lisbon. Beyond cost, consider language, visa policies, and how big the international community is in each city.