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

😐 Solo nomad: Reykjavik is 98.9% more expensive than Lisbon without rent, and 68.8% more expensive with rent.

😐 Family of 3: Reykjavik is 102.5% more expensive than Lisbon without rent, and 63.2% more expensive with rent.

Meal at Budget Restaurant

$26.70 ISK 3,364

$16.17 €13.94

65.12%

Three-Course Dinner for Two, Mid-Range

$145 ISK 18.2K

$63.5 €54.7

127.95%

Fast Food Meal (McDonalds, etc)

$22.39 ISK 2,820

$10.40 €8.96

115.29%

Cappuccino

$6.06 ISK 764

$2.77 €2.38

118.77%

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

$3.28 ISK 414

$2.32 €2.00

41.38%

Water (0.33 liter bottle)

$2.62 ISK 330

$1.54 €1.33

70.13%

Local Beer (0.5 liter draught)

$13.02 ISK 1,640

$3.55 €3.06

266.76%

Imported Beer (0.33 liter bottle)

$11.28 ISK 1,421

$3.90 €3.36

189.23%

Milk (1 liter)

$1.87 ISK 235

$1.13 €0.98

65.49%

White Bread (500g)

$4.32 ISK 544

$1.83 €1.58

136.07%

Rice (white) (1kg)

$3.71 ISK 468

$1.77 €1.53

109.60%

Eggs

$6.52 ISK 821

$3.13 €2.70

108.31%

Local Cheese (1kg)

$18.16 ISK 2,288

$13.19 €11.37

37.68%

Chicken Fillets (1kg)

$23.83 ISK 3,002

$7.80 €6.73

205.51%

Beef Round Steak (1kg)

$42.83 ISK 5,395

$15.93 €13.73

168.86%

Apples (1kg)

$3.37 ISK 424

$2.27 €1.96

48.46%

Banana (1kg)

$2.50 ISK 315

$1.72 €1.48

45.35%

Oranges (1kg)

$3.03 ISK 382

$1.98 €1.71

53.03%

Tomato (1kg)

$4.98 ISK 627

$2.44 €2.10

104.10%

Potato (1kg)

$3.66 ISK 461

$1.80 €1.55

103.33%

Onion (1kg)

$2.40 ISK 302

$2.05 €1.77

17.07%

Lettuce (1 head)

$3.06 ISK 386

$1.91 €1.65

60.21%

Water (1.5 liter bottle)

$2.01 ISK 253

$0.78 €0.68

157.69%

Cigarettes 20 Pack (Marlboro, Camel)

$13.82 ISK 1,741

$6.65 €5.73

107.82%

Wine (Bottle)

$23.58 ISK 2,971

$5.67 €4.89

315.87%

Local Beer (0.5 liter bottle)

$3.55 ISK 447

$1.33 €1.15

166.92%

Imported Beer (0.33 liter bottle)

$3.24 ISK 408

$3.00 €2.59

8.00%

One-way Ticket (Public Transport)

$5.19 ISK 654

$2.34 €2.02

121.79%

Public Transport Monthly Pass (Regular Price)

$87.7 ISK 11.0K

$46.03 €39.68

90.46%

Taxi Start (Normal Tariff)

$6.18 ISK 778

$4.25 €3.67

45.41%

Taxi (Normal Tariff) (1km)

$2.64 ISK 333

$0.80 €0.69

230.00%

Taxi 1hour Waiting (Normal Tariff)

$87.3 ISK 11.0K

$18.60 €16.03

369.19%

Gasoline (1 liter)

$2.56 ISK 322

$2.07 €1.78

23.67%

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

$48.0K ISK 6.0M

$34.2K €29.5K

40.25%

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

$52.5K ISK 6.6M

$39.0K €33.6K

34.46%

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

$88.6 ISK 11.2K

$147 €127

-39.63%

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

$27.96 ISK 3,522

$20.52 €17.69

36.26%

Internet (50+ Mbps, Unlimited Data)

$84.7 ISK 10.7K

$40.18 €34.64

110.73%

Gym Membership (Monthly)

$81.7 ISK 10.3K

$49.53 €42.70

64.89%

Tennis Court (1 Hour on Weekend)

$38.00 ISK 4,786

$18.68 €16.10

103.43%

Cinema Ticket

$17.53 ISK 2,208

$9.10 €7.85

92.64%

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

$316 ISK 39.7K

$613 €529

-48.54%

International Primary School, 1 Child (Yearly)

$30.1K ISK 3.8M

$16.3K €14.1K

84.27%

Jeans (Levis 501 Or Similar)

$140 ISK 17.6K

$102 €88.2

36.48%

Summer Dress (H&M, Zara, etc)

$62.4 ISK 7,863

$40.77 €35.14

53.10%

Sport Shoes (Adidas, Nike)

$182 ISK 22.9K

$94.6 €81.6

92.23%

Men's Leather Business Shoes

$264 ISK 33.2K

$119 €102

122.49%

1-bedroom Apartment, City Center (Monthly)

$2,225 ISK 280.3K

$1,625 €1,401

36.91%

1-bedroom Apartment, Outside City Center (Monthly)

$2,047 ISK 257.9K

$1,253 €1,080

63.44%

3-bedroom Apartment, City Center (Monthly)

$3,154 ISK 397.3K

$3,126 €2,695

0.90%

3-bedroom Apartment, Outside City Center (Monthly)

$2,691 ISK 339.0K

$2,042 €1,760

31.78%

Buy Apartment in City Center (m2)

$7,541 ISK 949.9K

$7,814 €6,735

-3.49%

Buy Apartment Outside City Center (m2)

$6,257 ISK 788.1K

$4,389 €3,783

42.55%

Average Monthly Net Salary (After Tax)

$4,489 ISK 565.5K

$1,516 €1,307

196.06%

20-Year Fixed Mortgage Interest Rate (Annual %)

9.63

3.81

152.76%

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

Last update for Reykjavik: January 10, 2026

Last update for Lisbon: January 11, 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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