Cost of Living Comparison Between Iceland and Portugal 
| Indices Difference |  |
|---|---|
| Consumer Prices in Portugal are 51.32% lower than in Iceland (without rent) | |
| Consumer Prices Including Rent in Portugal are 48.79% lower than in Iceland | |
| Rent Prices in Portugal are 42.04% lower than in Iceland | |
| Restaurant Prices in Portugal are 60.29% lower than in Iceland | |
| Groceries Prices in Portugal are 59.17% lower than in Iceland | |
| Local Purchasing Power in Portugal is 41.81% lower than in Iceland | |
Restaurants | Iceland Edit |
Portugal Edit | Difference |
|---|---|---|---|
| Meal, Inexpensive Restaurant |
2,500.00 kr (17.92 €) |
1,116.01 kr (8.00 €) |
-55.36 % |
| Meal for 2 People, Mid-range Restaurant, Three-course |
13,000.00 kr (93.19 €) |
4,882.55 kr (35.00 €) |
-62.44 % |
| McMeal at McDonalds (or Equivalent Combo Meal) |
1,900.00 kr (13.62 €) |
906.76 kr (6.50 €) |
-52.28 % |
| Domestic Beer (1 pint draught) |
1,200.00 kr (8.60 €) |
279.00 kr (2.00 €) |
-76.75 % |
| Imported Beer (12 oz small bottle) |
1,000.00 kr (7.17 €) |
279.00 kr (2.00 €) |
-72.10 % |
| Cappuccino (regular) |
601.18 kr (4.31 €) |
198.38 kr (1.42 €) |
-67.00 % |
| Coke/Pepsi (12 oz small bottle) |
333.98 kr (2.39 €) |
187.65 kr (1.35 €) |
-43.81 % |
| Water (12 oz small bottle) |
274.96 kr (1.97 €) |
134.42 kr (0.96 €) |
-51.11 % |
Markets | Iceland Edit |
Portugal Edit | |
| Milk (regular), (1 gallon) |
714.92 kr (5.12 €) |
343.79 kr (2.46 €) |
-51.91 % |
| Loaf of Fresh White Bread (1 lb) |
374.20 kr (2.68 €) |
135.91 kr (0.97 €) |
-63.68 % |
| Rice (white), (1 lb) |
188.82 kr (1.35 €) |
61.80 kr (0.44 €) |
-67.27 % |
| Eggs (regular) (12) |
716.33 kr (5.13 €) |
257.80 kr (1.85 €) |
-64.01 % |
| Local Cheese (1 lb) |
796.34 kr (5.71 €) |
444.61 kr (3.19 €) |
-44.17 % |
| Chicken Fillets (1 lb) |
985.66 kr (7.07 €) |
323.12 kr (2.32 €) |
-67.22 % |
| Beef Round (1 lb) (or Equivalent Back Leg Red Meat) |
1,494.74 kr (10.71 €) |
574.54 kr (4.12 €) |
-61.56 % |
| Apples (1 lb) |
183.82 kr (1.32 €) |
101.01 kr (0.72 €) |
-45.05 % |
| Banana (1 lb) |
142.37 kr (1.02 €) |
69.93 kr (0.50 €) |
-50.88 % |
| Oranges (1 lb) |
152.12 kr (1.09 €) |
78.87 kr (0.57 €) |
-48.15 % |
| Tomato (1 lb) |
262.43 kr (1.88 €) |
98.21 kr (0.70 €) |
-62.58 % |
| Potato (1 lb) |
148.77 kr (1.07 €) |
59.33 kr (0.43 €) |
-60.12 % |
| Onion (1 lb) |
89.57 kr (0.64 €) |
68.13 kr (0.49 €) |
-23.93 % |
| Lettuce (1 head) |
351.81 kr (2.52 €) |
132.01 kr (0.95 €) |
-62.48 % |
| Water (1.5 liter bottle) |
258.40 kr (1.85 €) |
72.89 kr (0.52 €) |
-71.79 % |
| Bottle of Wine (Mid-Range) |
2,500.00 kr (17.92 €) |
558.01 kr (4.00 €) |
-77.68 % |
| Domestic Beer (0.5 liter bottle) |
413.20 kr (2.96 €) |
146.83 kr (1.05 €) |
-64.47 % |
| Imported Beer (12 oz small bottle) |
374.89 kr (2.69 €) |
259.64 kr (1.86 €) |
-30.74 % |
| Cigarettes 20 Pack (Marlboro) |
1,500.00 kr (10.75 €) |
697.51 kr (5.00 €) |
-53.50 % |
Transportation | Iceland Edit |
Portugal Edit | |
| One-way Ticket (Local Transport) |
490.00 kr (3.51 €) |
223.20 kr (1.60 €) |
-54.45 % |
| Monthly Pass (Regular Price) |
8,000.00 kr (57.35 €) |
5,580.05 kr (40.00 €) |
-30.25 % |
| Taxi Start (Normal Tariff) |
740.00 kr (5.30 €) |
453.38 kr (3.25 €) |
-38.73 % |
| Taxi 1 mile (Normal Tariff) |
532.69 kr (3.82 €) |
179.60 kr (1.29 €) |
-66.28 % |
| Taxi 1hour Waiting (Normal Tariff) |
7,920.00 kr (56.77 €) |
2,092.52 kr (15.00 €) |
-73.58 % |
| Gasoline (1 gallon) |
984.86 kr (7.06 €) |
1,069.74 kr (7.67 €) |
+8.62 % |
| Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) |
4,000,000.00 kr (28,673.57 €) |
3,487,532.17 kr (25,000.00 €) |
-12.81 % |
| Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) |
4,486,315.79 kr (32,159.67 €) |
3,757,220.88 kr (26,933.23 €) |
-16.25 % |
Utilities (Monthly) | Iceland Edit |
Portugal Edit | |
| Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment |
15,096.74 kr (108.22 €) |
14,816.27 kr (106.21 €) |
-1.86 % |
| 1 min. of Prepaid Mobile Tariff Local (No Discounts or Plans) |
22.29 kr (0.16 €) |
21.62 kr (0.15 €) |
-3.00 % |
| Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) |
9,299.31 kr (66.66 €) |
4,663.30 kr (33.43 €) |
-49.85 % |
Sports And Leisure | Iceland Edit |
Portugal Edit | |
| Fitness Club, Monthly Fee for 1 Adult |
8,872.02 kr (63.60 €) |
4,621.55 kr (33.13 €) |
-47.91 % |
| Tennis Court Rent (1 Hour on Weekend) |
4,625.77 kr (33.16 €) |
1,522.08 kr (10.91 €) |
-67.10 % |
| Cinema, International Release, 1 Seat |
1,700.00 kr (12.19 €) |
976.51 kr (7.00 €) |
-42.56 % |
Childcare | Iceland Edit |
Portugal Edit | |
| Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child |
38,278.33 kr (274.39 €) |
46,599.39 kr (334.04 €) |
+21.74 % |
| International Primary School, Yearly for 1 Child |
737,333.33 kr (5,285.49 €) |
960,071.46 kr (6,882.17 €) |
+30.21 % |
Clothing And Shoes | Iceland Edit |
Portugal Edit | |
| 1 Pair of Jeans (Levis 501 Or Similar) |
15,659.20 kr (112.25 €) |
10,484.03 kr (75.15 €) |
-33.05 % |
| 1 Summer Dress in a Chain Store (Zara, H&M, ...) |
7,713.81 kr (55.30 €) |
4,082.39 kr (29.26 €) |
-47.08 % |
| 1 Pair of Nike Running Shoes (Mid-Range) |
20,833.46 kr (149.34 €) |
9,391.12 kr (67.32 €) |
-54.92 % |
| 1 Pair of Men Leather Business Shoes |
24,923.57 kr (178.66 €) |
10,487.28 kr (75.18 €) |
-57.92 % |
Rent Per Month | Iceland Edit |
Portugal Edit | |
| Apartment (1 bedroom) in City Centre |
182,187.50 kr (1,305.99 €) |
97,266.53 kr (697.24 €) |
-46.61 % |
| Apartment (1 bedroom) Outside of Centre |
146,613.08 kr (1,050.98 €) |
77,621.25 kr (556.42 €) |
-47.06 % |
| Apartment (3 bedrooms) in City Centre |
261,465.43 kr (1,874.29 €) |
171,205.73 kr (1,227.27 €) |
-34.52 % |
| Apartment (3 bedrooms) Outside of Centre |
226,484.20 kr (1,623.53 €) |
129,302.28 kr (926.89 €) |
-42.91 % |
Buy Apartment Price | Iceland Edit |
Portugal Edit | |
| Price per Square Feet to Buy Apartment in City Centre |
63,438.49 kr (454.75 €) |
37,694.84 kr (270.21 €) |
-40.58 % |
| Price per Square Feet to Buy Apartment Outside of Centre |
48,368.54 kr (346.72 €) |
25,899.19 kr (185.66 €) |
-46.45 % |
Salaries And Financing | Iceland Edit |
Portugal Edit | |
| Average Monthly Net Salary (After Tax) |
443,243.40 kr (3,177.34 €) |
132,073.11 kr (946.75 €) |
-70.20 % |
| Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate | 5.31 | 2.12 | -59.98 % |
| Last update: | June 2022 | June 2022 | |
| Contributors in the past 12 months: | 159 | 1068 |
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