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

😐 Solo nomad: Reykjavik is 99.2% more expensive than Lisbon without rent, and 69.2% more expensive with rent.

😐 Family of 3: Reykjavik is 97.8% more expensive than Lisbon without rent, and 67.6% more expensive with rent.

Meal at Budget Restaurant

$26.9 ISK 3,355

$16.09 €13.89

67.18%

Three-Course Dinner for Two, Mid-Range

$146 ISK 18.3K

$64.1 €55.3

128.44%

Fast Food Meal (McDonalds, etc)

$22.18 ISK 2,767

$10.28 €8.88

115.76%

Cappuccino

$6.08 ISK 758

$2.78 €2.4

118.71%

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

$3.4 ISK 424

$2.23 €1.92

52.47%

Water (0.33 liter bottle)

$2.5 ISK 312

$1.57 €1.35

59.24%

Local Beer (0.5 liter draught)

$12.96 ISK 1,617

$3.41 €2.95

280.06%

Imported Beer (0.33 liter bottle)

$11.05 ISK 1,379

$3.82 €3.3

189.27%

Milk (1 liter)

$1.88 ISK 234

$1.14 €0.98

64.91%

White Bread (500g)

$4.26 ISK 531

$1.73 €1.49

146.24%

Rice (white) (1kg)

$3.67 ISK 458

$1.67 €1.44

119.76%

Eggs

$6.51 ISK 813

$3.13 €2.7

107.99%

Local Cheese (1kg)

$17.83 ISK 2,224

$13.31 €11.5

33.96%

Chicken Fillets (1kg)

$24.1 ISK 3,006

$7.99 €6.9

201.63%

Beef Round Steak (1kg)

$43.22 ISK 5,391

$15.97 €13.79

170.63%

Apples (1kg)

$3.19 ISK 397

$2.28 €1.97

39.91%

Banana (1kg)

$2.54 ISK 317

$1.7 €1.47

49.41%

Oranges (1kg)

$3.09 ISK 386

$2.04 €1.76

51.47%

Tomato (1kg)

$5.03 ISK 628

$2.55 €2.2

97.25%

Potato (1kg)

$3.59 ISK 447

$1.76 €1.52

103.98%

Onion (1kg)

$2.4 ISK 300

$2.05 €1.77

17.07%

Lettuce (1 head)

$3.08 ISK 384

$1.98 €1.71

55.56%

Water (1.5 liter bottle)

$2.01 ISK 250

$0.81 €0.7

148.15%

Cigarettes 20 Pack (Marlboro, Camel)

$13.9 ISK 1,734

$6.59 €5.69

110.93%

Wine (Bottle)

$23.87 ISK 2,978

$5.87 €5.07

306.64%

Local Beer (0.5 liter bottle)

$3.62 ISK 452

$1.33 €1.15

172.18%

Imported Beer (0.33 liter bottle)

$3.32 ISK 414

$2.92 €2.52

13.70%

One-way Ticket (Public Transport)

$5.27 ISK 658

$2.27 €1.96

132.16%

Public Transport Monthly Pass (Regular Price)

$86.4 ISK 10.8K

$46.15 €39.85

87.26%

Taxi Start (Normal Tariff)

$6.26 ISK 781

$4.23 €3.66

47.99%

Taxi (Normal Tariff) (1km)

$2.53 ISK 316

$0.86 €0.75

194.19%

Taxi 1hour Waiting (Normal Tariff)

$85.2 ISK 10.6K

$18.68 €16.13

356.21%

Gasoline (1 liter)

$2.57 ISK 321

$2.09 €1.81

22.97%

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

$47.8K ISK 6M

$34.5K €29.8K

38.52%

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

$52.4K ISK 6.5M

$39.6K €34.2K

32.18%

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

$86.5 ISK 10.8K

$148 €128

-41.68%

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

$26.91 ISK 3,357

$20.98 €18.11

28.27%

Internet (50+ Mbps, Unlimited Data)

$84.9 ISK 10.6K

$39.65 €34.24

114.17%

Gym Membership (Monthly)

$82.7 ISK 10.3K

$47.92 €41.37

72.56%

Tennis Court (1 Hour on Weekend)

$38.2 ISK 4,765

$18.57 €16.03

105.71%

Cinema Ticket

$17.83 ISK 2,225

$9.38 €8.1

90.09%

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

$318 ISK 39.7K

$607 €524

-47.56%

International Primary School, 1 Child (Yearly)

$29.9K ISK 3.7M

$16.1K €13.9K

85.79%

Jeans (Levis 501 Or Similar)

$141 ISK 17.6K

$104 €90.1

35.03%

Summer Dress (H&M, Zara, etc)

$62.4 ISK 7,785

$41.09 €35.48

51.86%

Sport Shoes (Adidas, Nike)

$183 ISK 22.9K

$92.7 €80

97.91%

Men's Leather Business Shoes

$267 ISK 33.3K

$119 €102

124.88%

1-bedroom Apartment, City Center (Monthly)

$2,179 ISK 271.8K

$1,592 €1,375

36.83%

1-bedroom Apartment, Outside City Center (Monthly)

$2,000 ISK 249.6K

$1,262 €1,090

58.51%

3-bedroom Apartment, City Center (Monthly)

$3,152 ISK 393.2K

$3,046 €2,630

3.46%

3-bedroom Apartment, Outside City Center (Monthly)

$2,726 ISK 340.1K

$2,069 €1,787

31.74%

Buy Apartment in City Center (m2)

$7,821 ISK 975.7K

$7,280 €6,286

7.43%

Buy Apartment Outside City Center (m2)

$6,501 ISK 811K

$4,549 €3,928

42.90%

Average Monthly Net Salary (After Tax)

$4,376 ISK 546K

$1,462 €1,263

199.25%

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: October 28, 2025

Last update for Lisbon: October 28, 2025

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