Last update: Oct 2026

Cost of Living Comparison Between Traverse City, MI and Lisbon

For one person, living is cheaper in Lisbon: $2,202 a month against $2,666 in Traverse City, MI, rent and utilities included – about $5,600 less a year. Other living expenses account for most of the difference.

130

Cost of Living Index in Traverse City, MI
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Traverse City, MI Living Index
107

Cost of Living Index in Lisbon
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Lisbon Living Index

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Traverse City, MI

🇺🇸 United States

$2,666

/mo nomad

Lisbon

🇵🇹 Portugal

$2,202

/mo nomad

Monthly Cost of Living

How much you'll spend in Traverse City, MI and in Lisbon

Real prices from locals and on-the-ground checks – rent, groceries, transit and the daily extras. Here's what a month in Traverse City, MI and in Lisbon actually costs, broken down by who's living it.

Monthly costs for one person with rent: $2,666 in Traverse City, MI versus $2,202 in Lisbon.

Traverse City, MI $2,666
Lisbon $2,202

Estimated couple costs with rent: $3,947 in Traverse City, MI versus $3,274 in Lisbon.

Traverse City, MI $3,947
Lisbon $3,274

Monthly costs for a family of three with rent: $5,228 in Traverse City, MI versus $4,346 in Lisbon.

Traverse City, MI $5,228
Lisbon $4,346

Living in Traverse City, MI is roughly 21% more expensive than in Lisbon, and outside of rent the biggest gap is in groceries.

Both cities are pricier than the global median: Traverse City, MI 97% above, Lisbon 62% above.

Meal at Budget Restaurant

$21.49 $21.49

$17.04 €15.15

26.12%

Three-Course Dinner for Two, Mid-Range

$77.4 $77.4

$62.3 €55.4

24.18%

Fast Food Meal (McDonalds, etc)

$11.34 $11.34

$11.02 €9.80

2.90%

Cappuccino

$4.78 $4.78

$3.12 €2.78

53.21%

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

$2.48 $2.48

$2.27 €2.02

9.25%

Water (0.33 liter bottle)

$2.08 $2.08

$1.74 €1.55

19.54%

Local Beer (0.5 liter draught)

$4.90 $4.90

$3.42 €3.04

43.27%

Imported Beer (0.33 liter bottle)

$6.53 $6.53

$3.74 €3.33

74.60%

Milk (1 liter)

$0.73 $0.73

$1.17 €1.04

-37.61%

White Bread (500g)

$3.07 $3.07

$1.86 €1.66

65.05%

Rice (white) (1kg)

$4.36 $4.36

$1.54 €1.37

183.12%

Eggs

$2.67 $2.67

$4.06 €3.61

-34.24%

Local Cheese (1kg)

$19.14 $19.14

$12.91 €11.49

48.26%

Chicken Fillets (1kg)

$12.34 $12.34

$7.90 €7.03

56.20%

Beef Round Steak (1kg)

$22.33 $22.33

$17.64 €15.69

26.59%

Apples (1kg)

$6.84 $6.84

$2.26 €2.01

202.65%

Banana (1kg)

$1.44 $1.44

$1.75 €1.55

-17.71%

Oranges (1kg)

$3.84 $3.84

$1.89 €1.68

103.17%

Tomato (1kg)

$6.69 $6.69

$2.56 €2.27

161.33%

Potato (1kg)

$2.70 $2.70

$1.85 €1.64

45.95%

Onion (1kg)

$3.15 $3.15

$1.97 €1.75

59.90%

Lettuce (1 head)

$2.36 $2.36

$1.45 €1.29

62.76%

Water (1.5 liter bottle)

$2.64 $2.64

$0.77 €0.69

242.86%

Cigarettes 20 Pack (Marlboro, Camel)

$5.96 $5.96

$6.71 €5.97

-11.18%

Wine (Bottle)

$15.02 $15.02

$5.67 €5.04

164.90%

Local Beer (0.5 liter bottle)

$2.00 $2.00

$1.37 €1.22

45.99%

Imported Beer (0.33 liter bottle)

$7.01 $7.01

$2.11 €1.88

232.23%

One-way Ticket (Public Transport)

$6.02 $6.02

$2.32 €2.07

159.48%

Public Transport Monthly Pass (Regular Price)

$30.60 $30.60

$44.43 €39.52

-31.13%

Taxi Start (Normal Tariff)

$3.95 €3.51

Taxi (Normal Tariff) (1km)

$1.05 €0.93

Taxi 1hour Waiting (Normal Tariff)

$17.15 €15.26

Gasoline (1 liter)

$1.02 $1.02

$2.19 €1.95

-53.42%

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

$35.0K $35.0K

$33.8K €30.0K

3.61%

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

$26.0K $26.0K

$38.3K €34.0K

-32.05%

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

$116 $116

$164 €146

-29.16%

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

$37.85 $37.85

$18.48 €16.43

104.82%

Internet (50+ Mbps, Unlimited Data)

$68.8 $68.8

$32.96 €29.32

108.86%

Gym Membership (Monthly)

$62.7 $62.7

$45.87 €40.80

36.60%

Tennis Court (1 Hour on Weekend)

$18.68 €16.61

Cinema Ticket

$9.81 $9.81

$9.75 €8.67

0.62%

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

$1,017 $1,017

$684 €608

48.62%

International Primary School, 1 Child (Yearly)

$11.3K $11.3K

$17.6K €15.7K

-35.91%

Jeans (Levis 501 Or Similar)

$58.2 $58.2

$104 €92.3

-43.94%

Summer Dress (H&M, Zara, etc)

$40.93 $40.93

$46.20 €41.09

-11.41%

Sport Shoes (Adidas, Nike)

$101 $101

$99.7 €88.7

0.88%

Men's Leather Business Shoes

$87.4 $87.4

$125 €111

-29.94%

1-bedroom Apartment, City Center (Monthly)

$1,958 $1,958

$1,589 €1,414

23.17%

1-bedroom Apartment, Outside City Center (Monthly)

$1,404 $1,404

$1,169 €1,040

20.11%

3-bedroom Apartment, City Center (Monthly)

$3,796 $3,796

$2,851 €2,536

33.17%

3-bedroom Apartment, Outside City Center (Monthly)

$2,317 $2,317

$1,993 €1,773

16.23%

Buy Apartment in City Center (m2)

$3,395 $3,395

$7,793 €6,932

-56.44%

Buy Apartment Outside City Center (m2)

$3,324 $3,324

$4,418 €3,930

-24.75%

Average Monthly Net Salary (After Tax)

$2,796 $2,796

$1,600 €1,423

74.75%

20-Year Fixed Mortgage Interest Rate (Annual %)

6.32

3.85

64.16%

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

Last update for Traverse City, MI: October 20, 2026

Last update for Lisbon: October 19, 2026

Monthly budget structure

Share of the monthly basket for one person, rent included.

Accommodation & Living

Traverse City, MI

$1.4K 52.7%

Lisbon

$1.2K 53.1% 16.7% $235

Groceries & Markets

Traverse City, MI

$453 17%

Lisbon

$273 12.4% 39.8% $180

Eating Out

Traverse City, MI

$319 12%

Lisbon

$247 11.2% 22.5% $72

Monthly Utilities & Internet

Traverse City, MI

$223 8.4%

Lisbon

$215 9.8% 3.4% $7.5

Clothing & Footwear

Traverse City, MI

$129 4.9%

Lisbon

$168 7.7% 30.4% $39

Sport & Entertainment

Traverse City, MI

$82 3.1%

Lisbon

$65 3% 20.6% $17

Getting Around

Traverse City, MI

$55 * 2.1%

Lisbon

$63 2.9% 15.1% $8.3

Categories marked with * are only partly priced – their share counts the items that do have prices.

Cost Breakdown

A one-bedroom apartment in the center runs $1,958 in Traverse City, MI and $1,589 in Lisbon. Housing cost is often the main lever when comparing two cities.

Traverse City, MI pays 75% more on average. The extra income cushions the higher costs, though housing choices and lifestyle decide how much of the gap is truly closed.

Dining out: $77.0 in Traverse City, MI vs $62.0 in Lisbon for a mid-range dinner for two. Groceries echo the gap at $453 vs $273 per month, with Lisbon cheaper across the board.

Good to know

🇺🇸 Traverse City, MI

🇵🇹 Lisbon

🕒 Local time

11:02 11:02 AM

16:02 4:02 PM

5 h ahead of Traverse City, MI

🌤 Weather

👥 Population

15,678

545,923 Capital

💱 Currency

United States Dollar USD $

Euro EUR €

📈 Exchange rate

1 USD = 0.89 EUR

1 EUR = 1.12 USD

Exchange rates and currency converter

On the map

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Between locations

Traverse City, MI Lisbon 6,140 km ≈ 8 h nonstop flight

From you

Traverse City, MI
Lisbon

Distances are measured in a straight line. Your location is detected approximately.

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

Traverse City, MI vs Lisbon: Cost of Living - Frequently Asked Questions

Traverse City, MI and Lisbon differ by about 21% in total monthly costs ($2,666 vs $2,202 including rent). Lisbon is meaningfully more affordable – a gap that matters a lot on a fixed or modest income.

Average pay runs 75% higher in Traverse City, MI, which matters when comparing affordability. Whether that higher income actually nets you more depends on your spending habits and housing choices.

Rent for a central apartment: $1,958 in Traverse City, MI versus $1,589 in Lisbon. Housing is usually the single largest factor when comparing overall living costs between the two.

Childcare runs $1,017 in Traverse City, MI versus $684 in Lisbon. Over years of preschool, even a modest monthly gap compounds into a major financial factor for families.

Supermarket bills run roughly 66% higher in Traverse City, MI. For households that cook at home regularly, that difference adds up over a month.

At $2,202 in Lisbon versus $2,666 in Traverse City, MI, a $3,000 budget is realistic in Lisbon but tight or insufficient in Traverse City, MI. The gap between the two cities makes Lisbon 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, Traverse City, MI 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 Lisbon gentler on the wallet – expenses run 21% less than in Traverse City, MI. Beyond cost, consider language, visa policies, and how big the international community is in each city.