Cost of Living Comparison Between Lisbon and Reykjavik 

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Indices DifferenceInfo
Cost of Living in Reykjavik is 68.9% higher than in Lisbon (without rent)
Cost of Living Including Rent in Reykjavik is 50.8% higher than in Lisbon
Rent Prices in Reykjavik are 22.5% higher than in Lisbon
Restaurant Prices in Reykjavik are 85.5% higher than in Lisbon
Groceries Prices in Reykjavik are 95.8% higher than in Lisbon
Local Purchasing Power in Reykjavik is 88.7% higher than in Lisbon
Currency: Sticky Currency      Switch to metric measurement units
Restaurants
Lisbon Edit Reykjavik Edit Difference
Meal, Inexpensive Restaurant 14.00 €
(2,101.39 kr)
19.99 €
(3,000.00 kr)
     +42.8 %
Meal for 2 People, Mid-range Restaurant, Three-course 50.00 €
(7,504.96 kr)
113.26 €
(17,000.00 kr)
     +126.5 %
McMeal at McDonalds (or Equivalent Combo Meal) 8.90 €
(1,335.88 kr)
15.99 €
(2,400.00 kr)
     +79.7 %
Domestic Beer (1 pint draught) 3.00 €
(450.30 kr)
9.99 €
(1,500.00 kr)
     +233.1 %
Imported Beer (12 oz small bottle) 4.00 €
(600.40 kr)
8.33 €
(1,250.00 kr)
     +108.2 %
Cappuccino (regular) 2.30 €
(345.09 kr)
4.71 €
(706.88 kr)
     +104.8 %
Coke/Pepsi (12 oz small bottle) 1.80 €
(270.18 kr)
2.69 €
(403.41 kr)
     +49.3 %
Water (12 oz small bottle) 1.25 €
(188.36 kr)
1.92 €
(287.90 kr)
     +52.8 %
Markets
Lisbon Edit Reykjavik Edit
Milk (regular), (1 gallon) 3.64 €
(545.72 kr)
5.71 €
(856.52 kr)
     +57.0 %
Loaf of Fresh White Bread (1 lb) 1.31 €
(196.76 kr)
3.10 €
(464.58 kr)
     +136.1 %
Rice (white), (1 lb) 0.65 €
(97.06 kr)
1.38 €
(207.81 kr)
     +114.1 %
Eggs (regular) (12) 2.81 €
(422.12 kr)
5.47 €
(821.68 kr)
     +94.7 %
Local Cheese (1 lb) 4.66 €
(699.76 kr)
6.43 €
(965.37 kr)
     +38.0 %
Chicken Fillets (1 lb) 3.22 €
(483.30 kr)
8.22 €
(1,233.09 kr)
     +155.1 %
Beef Round (1 lb) (or Equivalent Back Leg Red Meat) 5.66 €
(849.45 kr)
13.21 €
(1,982.11 kr)
     +133.3 %
Apples (1 lb) 0.98 €
(147.21 kr)
1.41 €
(212.21 kr)
     +44.2 %
Banana (1 lb) 0.63 €
(94.90 kr)
0.90 €
(134.62 kr)
     +41.9 %
Oranges (1 lb) 0.80 €
(120.11 kr)
1.17 €
(175.06 kr)
     +45.7 %
Tomato (1 lb) 1.03 €
(154.57 kr)
2.06 €
(309.60 kr)
     +100.3 %
Potato (1 lb) 0.81 €
(121.50 kr)
1.31 €
(196.68 kr)
     +61.9 %
Onion (1 lb) 0.83 €
(125.33 kr)
0.94 €
(140.44 kr)
     +12.1 %
Lettuce (1 head) 1.53 €
(229.71 kr)
2.93 €
(439.56 kr)
     +91.4 %
Water (1.5 liter bottle) 0.77 €
(114.95 kr)
1.87 €
(281.00 kr)
     +144.5 %
Bottle of Wine (Mid-Range) 5.00 €
(750.50 kr)
18.32 €
(2,749.50 kr)
     +266.4 %
Domestic Beer (0.5 liter bottle) 1.25 €
(186.96 kr)
2.89 €
(434.15 kr)
     +132.2 %
Imported Beer (12 oz small bottle) 2.64 €
(395.82 kr)
2.37 €
(355.89 kr)
     -10.1 %
Cigarettes 20 Pack (Marlboro) 5.50 €
(825.55 kr)
10.99 €
(1,650.00 kr)
     +99.9 %
Transportation
Lisbon Edit Reykjavik Edit
One-way Ticket (Local Transport) 2.00 €
(300.20 kr)
3.80 €
(570.00 kr)
     +89.9 %
Monthly Pass (Regular Price) 40.00 €
(6,003.97 kr)
61.96 €
(9,300.00 kr)
     +54.9 %
Taxi Start (Normal Tariff) 3.60 €
(540.36 kr)
4.86 €
(730.00 kr)
     +35.1 %
Taxi 1 mile (Normal Tariff) 1.13 €
(169.09 kr)
3.36 €
(504.53 kr)
     +198.4 %
Taxi 1hour Waiting (Normal Tariff) 15.00 €
(2,251.49 kr)
64.16 €
(9,630.00 kr)
     +327.7 %
Gasoline (1 gallon) 6.94 €
(1,042.02 kr)
7.94 €
(1,191.65 kr)
     +14.4 %
Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) 30,000.00 €
(4,502,976.15 kr)
38,574.49 €
(5,790,000.00 kr)
     +28.6 %
Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) 33,234.29 €
(4,988,439.87 kr)
40,180.09 €
(6,031,000.00 kr)
     +20.9 %
Utilities (Monthly)
Lisbon Edit Reykjavik Edit
Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment 132.34 €
(19,863.38 kr)
77.99 €
(11,706.02 kr)
     -41.1 %
Mobile Phone Monthly Plan with Calls and 10GB+ Data 22.65 €
(3,399.54 kr)
21.68 €
(3,254.67 kr)
     -4.3 %
Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) 38.59 €
(5,792.25 kr)
63.37 €
(9,511.16 kr)
     +64.2 %
Sports And Leisure
Lisbon Edit Reykjavik Edit
Fitness Club, Monthly Fee for 1 Adult 40.52 €
(6,082.10 kr)
60.65 €
(9,103.59 kr)
     +49.7 %
Tennis Court Rent (1 Hour on Weekend) 12.76 €
(1,915.55 kr)
26.74 €
(4,014.29 kr)
     +109.6 %
Cinema, International Release, 1 Seat 8.00 €
(1,200.79 kr)
13.32 €
(2,000.00 kr)
     +66.6 %
Childcare
Lisbon Edit Reykjavik Edit
Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child 537.76 €
(80,717.35 kr)
222.56 €
(33,406.33 kr)
     -58.6 %
International Primary School, Yearly for 1 Child 13,487.88 €
(2,024,520.07 kr)
5,540.78 €
(831,666.67 kr)
     -58.9 %
Clothing And Shoes
Lisbon Edit Reykjavik Edit
1 Pair of Jeans (Levis 501 Or Similar) 78.89 €
(11,841.16 kr)
96.24 €
(14,445.76 kr)
     +22.0 %
1 Summer Dress in a Chain Store (Zara, H&M, ...) 34.73 €
(5,212.77 kr)
40.27 €
(6,045.00 kr)
     +16.0 %
1 Pair of Nike Running Shoes (Mid-Range) 81.51 €
(12,235.23 kr)
130.99 €
(19,661.90 kr)
     +60.7 %
1 Pair of Men Leather Business Shoes 99.32 €
(14,907.85 kr)
161.71 €
(24,273.12 kr)
     +62.8 %
Rent Per Month
Lisbon Edit Reykjavik Edit
Apartment (1 bedroom) in City Centre 1,336.67 €
(200,632.60 kr)
1,726.04 €
(259,077.12 kr)
     +29.1 %
Apartment (1 bedroom) Outside of Centre 932.17 €
(139,917.95 kr)
1,542.61 €
(231,544.18 kr)
     +65.5 %
Apartment (3 bedrooms) in City Centre 2,582.00 €
(387,556.15 kr)
2,504.78 €
(375,965.52 kr)
     -3.0 %
Apartment (3 bedrooms) Outside of Centre 1,680.95 €
(252,309.62 kr)
2,226.73 €
(334,230.77 kr)
     +32.5 %
Buy Apartment Price
Lisbon Edit Reykjavik Edit
Price per Square Feet to Buy Apartment in City Centre 575.18 €
(86,334.10 kr)
545.29 €
(81,846.89 kr)
     -5.2 %
Price per Square Feet to Buy Apartment Outside of Centre 296.36 €
(44,483.67 kr)
433.08 €
(65,005.60 kr)
     +46.1 %
Salaries And Financing
Lisbon Edit Reykjavik Edit
Average Monthly Net Salary (After Tax) 1,201.81 €
(180,390.13 kr)
3,420.27 €
(513,380.43 kr)
     +184.6 %
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 4.01 8.14      +103.3 %
Last update: May 2024May 2024
Contributors in the past 12 months:473165