Cost of Living Comparison Between Reykjahlid and Lisbon Cost of Living Comparison Between Reykjahlid and Lisbon

Monthly Cost of Living

Monthly costs for one person with rent: $178 in Reykjahlid versus $2,227 in Lisbon.

Estimated couple costs with rent: $262 in Reykjahlid versus $3,305 in Lisbon.

Monthly costs for a family of three with rent: $346 in Reykjahlid versus $4,384 in Lisbon.

Living in Reykjahlid costs roughly 92% less than in Lisbon, driven mainly by Groceries & Markets.

The two cities straddle the global median: Reykjahlid is 87% below, Lisbon is 66% above.

Meal at Budget Restaurant

$16.17 €13.84

Three-Course Dinner for Two, Mid-Range

$64.6 €55.3

Fast Food Meal (McDonalds, etc)

$10.38 €8.88

Cappuccino

$6.00 ISK 735

$2.77 €2.37

116.61%

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

$2.25 €1.92

Water (0.33 liter bottle)

$1.57 €1.35

Local Beer (0.5 liter draught)

$11.75 ISK 1,439

$3.49 €2.99

236.68%

Imported Beer (0.33 liter bottle)

$11.68 ISK 1,430

$4.00 €3.43

192.00%

Milk (1 liter)

$2.36 ISK 289

$1.08 €0.93

118.52%

White Bread (500g)

$1.74 €1.49

Rice (white) (1kg)

$1.74 €1.49

Eggs

$3.18 €2.72

Local Cheese (1kg)

$13.43 €11.50

Chicken Fillets (1kg)

$7.99 €6.84

Beef Round Steak (1kg)

$16.09 €13.77

Apples (1kg)

$2.28 €1.95

Banana (1kg)

$1.72 €1.48

Oranges (1kg)

$1.94 €1.66

Tomato (1kg)

$2.54 €2.18

Potato (1kg)

$1.83 €1.57

Onion (1kg)

$2.04 €1.75

Lettuce (1 head)

$1.98 €1.69

Water (1.5 liter bottle)

$0.85 €0.73

Cigarettes 20 Pack (Marlboro, Camel)

$6.85 €5.87

Wine (Bottle)

$5.78 €4.94

Local Beer (0.5 liter bottle)

$1.37 €1.18

Imported Beer (0.33 liter bottle)

$2.90 €2.48

One-way Ticket (Public Transport)

$2.28 €1.95

Public Transport Monthly Pass (Regular Price)

$46.84 €40.10

Taxi Start (Normal Tariff)

$4.08 €3.49

Taxi (Normal Tariff) (1km)

$0.82 €0.70

Taxi 1hour Waiting (Normal Tariff)

$18.27 €15.64

Gasoline (1 liter)

$2.01 €1.72

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

$35.3K €30.2K

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

$38.5K €32.9K

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

$145 €124

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

$20.96 €17.94

Internet (50+ Mbps, Unlimited Data)

$40.05 €34.29

Gym Membership (Monthly)

$48.79 €41.76

Tennis Court (1 Hour on Weekend)

$18.69 €16.00

Cinema Ticket

$9.06 €7.76

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

$607 €519

International Primary School, 1 Child (Yearly)

$16.3K €14.0K

Jeans (Levis 501 Or Similar)

$105 €89.6

Summer Dress (H&M, Zara, etc)

$40.95 €35.06

Sport Shoes (Adidas, Nike)

$93.6 €80.1

Men's Leather Business Shoes

$119 €101

1-bedroom Apartment, City Center (Monthly)

$1,604 €1,373

1-bedroom Apartment, Outside City Center (Monthly)

$1,236 €1,058

3-bedroom Apartment, City Center (Monthly)

$3,046 €2,607

3-bedroom Apartment, Outside City Center (Monthly)

$2,057 €1,761

Buy Apartment in City Center (m2)

$7,709 €6,599

Buy Apartment Outside City Center (m2)

$4,266 €3,652

Average Monthly Net Salary (After Tax)

$1,584 €1,356

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 Reykjahlid: April 25, 2026

Last update for Lisbon: April 26, 2026

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

Reykjahlid vs Lisbon: Cost of Living - Frequently Asked Questions

Reykjahlid and Lisbon differ by about 1153% in total monthly costs ($178 vs $2,227 including rent). Reykjahlid is meaningfully more affordable – a gap that matters a lot on a fixed or modest income.

You'd need roughly $267 in Reykjahlid and $3,341 in Lisbon to live well. The gap comes down to housing and overall price levels. Both cities are liveable on less, but these numbers represent actual comfort.

Supermarket bills run roughly 1048% higher in Lisbon. For households that cook at home regularly, that difference adds up over a month.

All in, you'll spend $178 per month in Reykjahlid versus $2,227 in Lisbon – a 1153% gap that adds up to real savings over time for anyone picking the cheaper option.

At $178 in Reykjahlid versus $2,227 in Lisbon, a $2,000 budget is realistic in Reykjahlid but tight or insufficient in Lisbon. The gap between the two cities makes Reykjahlid 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, Reykjahlid and Lisbon 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 Reykjahlid gentler on the wallet – expenses run 1153% less than in Lisbon. Beyond cost, consider language, visa policies, and how big the international community is in each city.