Cost of Living Comparison Between Iceland and Portugal 
| Indices Difference |  |
|---|---|
| Cost of Living in Portugal is 50.3% lower than in Iceland (excluding rent) | |
| Cost of Living Including Rent in Portugal is 49.8% lower than in Iceland | |
| Rent Prices in Portugal are 48.6% lower than in Iceland | |
| Restaurant Prices in Portugal are 58.5% lower than in Iceland | |
| Groceries Prices in Portugal are 55.5% lower than in Iceland | |
| Local Purchasing Power in Portugal is 46.0% lower than in Iceland | |
Restaurants | Iceland Edit |
Portugal Edit | Difference |
|---|---|---|---|
| Meal, Inexpensive Restaurant |
3,175.00 kr (21.87 €) |
1,596.62 kr (11.00 €) |
-49.7 % |
| Meal for 2 People, Mid-range Restaurant, Three-course |
18,000.00 kr (124.01 €) |
6,531.61 kr (45.00 €) |
-63.7 % |
| McMeal at McDonalds (or Equivalent Combo Meal) |
2,500.00 kr (17.22 €) |
1,161.17 kr (8.00 €) |
-53.6 % |
| Domestic Beer (1 pint draught) |
1,500.00 kr (10.33 €) |
362.87 kr (2.50 €) |
-75.8 % |
| Imported Beer (12 oz small bottle) |
1,300.00 kr (8.96 €) |
435.44 kr (3.00 €) |
-66.5 % |
| Cappuccino (regular) |
750.05 kr (5.17 €) |
272.36 kr (1.88 €) |
-63.7 % |
| Coke/Pepsi (12 oz small bottle) |
402.80 kr (2.78 €) |
251.64 kr (1.73 €) |
-37.5 % |
| Water (12 oz small bottle) |
327.54 kr (2.26 €) |
175.32 kr (1.21 €) |
-46.5 % |
Markets | Iceland Edit |
Portugal Edit | |
| Milk (regular), (1 gallon) |
891.09 kr (6.14 €) |
516.01 kr (3.56 €) |
-42.1 % |
| Loaf of Fresh White Bread (1 lb) |
464.12 kr (3.20 €) |
181.98 kr (1.25 €) |
-60.8 % |
| Rice (white), (1 lb) |
196.62 kr (1.35 €) |
93.45 kr (0.64 €) |
-52.5 % |
| Eggs (regular) (12) |
803.95 kr (5.54 €) |
389.15 kr (2.68 €) |
-51.6 % |
| Local Cheese (1 lb) |
1,050.28 kr (7.24 €) |
679.07 kr (4.68 €) |
-35.3 % |
| Chicken Fillets (1 lb) |
1,360.57 kr (9.37 €) |
440.15 kr (3.03 €) |
-67.6 % |
| Beef Round (1 lb) (or Equivalent Back Leg Red Meat) |
2,415.14 kr (16.64 €) |
822.77 kr (5.67 €) |
-65.9 % |
| Apples (1 lb) |
174.26 kr (1.20 €) |
127.38 kr (0.88 €) |
-26.9 % |
| Banana (1 lb) |
139.01 kr (0.96 €) |
83.58 kr (0.58 €) |
-39.9 % |
| Oranges (1 lb) |
163.94 kr (1.13 €) |
105.63 kr (0.73 €) |
-35.6 % |
| Tomato (1 lb) |
276.66 kr (1.91 €) |
143.62 kr (0.99 €) |
-48.1 % |
| Potato (1 lb) |
202.90 kr (1.40 €) |
96.90 kr (0.67 €) |
-52.2 % |
| Onion (1 lb) |
126.08 kr (0.87 €) |
114.49 kr (0.79 €) |
-9.2 % |
| Lettuce (1 head) |
394.21 kr (2.72 €) |
199.35 kr (1.37 €) |
-49.4 % |
| Water (1.5 liter bottle) |
278.95 kr (1.92 €) |
99.50 kr (0.69 €) |
-64.3 % |
| Bottle of Wine (Mid-Range) |
2,950.00 kr (20.32 €) |
724.28 kr (4.99 €) |
-75.4 % |
| Domestic Beer (0.5 liter bottle) |
458.18 kr (3.16 €) |
161.47 kr (1.11 €) |
-64.8 % |
| Imported Beer (12 oz small bottle) |
389.57 kr (2.68 €) |
316.79 kr (2.18 €) |
-18.7 % |
| Cigarettes 20 Pack (Marlboro) |
1,769.50 kr (12.19 €) |
798.31 kr (5.50 €) |
-54.9 % |
Transportation | Iceland Edit |
Portugal Edit | |
| One-way Ticket (Local Transport) |
640.00 kr (4.41 €) |
290.29 kr (2.00 €) |
-54.6 % |
| Monthly Pass (Regular Price) |
10,450.00 kr (72.00 €) |
5,805.87 kr (40.00 €) |
-44.4 % |
| Taxi Start (Normal Tariff) |
790.00 kr (5.44 €) |
508.01 kr (3.50 €) |
-35.7 % |
| Taxi 1 mile (Normal Tariff) |
521.43 kr (3.59 €) |
228.92 kr (1.58 €) |
-56.1 % |
| Taxi 1hour Waiting (Normal Tariff) |
10,710.00 kr (73.79 €) |
2,177.20 kr (15.00 €) |
-79.7 % |
| Gasoline (1 gallon) |
1,179.65 kr (8.13 €) |
935.74 kr (6.45 €) |
-20.7 % |
| Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) |
5,890,000.00 kr (40,579.59 €) |
4,354,405.74 kr (30,000.00 €) |
-26.1 % |
| Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) |
6,666,666.67 kr (45,930.49 €) |
4,943,190.64 kr (34,056.48 €) |
-25.9 % |
Utilities (Monthly) | Iceland Edit |
Portugal Edit | |
| Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment |
11,183.22 kr (77.05 €) |
16,656.47 kr (114.76 €) |
+48.9 % |
| Mobile Phone Monthly Plan with Calls and 10GB+ Data |
3,430.36 kr (23.63 €) |
2,716.38 kr (18.71 €) |
-20.8 % |
| Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) |
10,783.47 kr (74.29 €) |
5,398.74 kr (37.20 €) |
-49.9 % |
Sports And Leisure | Iceland Edit |
Portugal Edit | |
| Fitness Club, Monthly Fee for 1 Adult |
9,953.18 kr (68.57 €) |
5,553.36 kr (38.26 €) |
-44.2 % |
| Tennis Court Rent (1 Hour on Weekend) |
4,666.67 kr (32.15 €) |
2,100.01 kr (14.47 €) |
-55.0 % |
| Cinema, International Release, 1 Seat |
2,190.00 kr (15.09 €) |
1,088.60 kr (7.50 €) |
-50.3 % |
Childcare | Iceland Edit |
Portugal Edit | |
| Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child |
43,630.30 kr (300.59 €) |
63,550.68 kr (437.84 €) |
+45.7 % |
| International Primary School, Yearly for 1 Child |
3,744,295.00 kr (25,796.60 €) |
1,545,744.11 kr (10,649.52 €) |
-58.7 % |
Clothing And Shoes | Iceland Edit |
Portugal Edit | |
| 1 Pair of Jeans (Levis 501 Or Similar) |
17,222.35 kr (118.65 €) |
11,520.49 kr (79.37 €) |
-33.1 % |
| 1 Summer Dress in a Chain Store (Zara, H&M, ...) |
7,915.00 kr (54.53 €) |
4,874.08 kr (33.58 €) |
-38.4 % |
| 1 Pair of Nike Running Shoes (Mid-Range) |
21,716.67 kr (149.62 €) |
11,235.21 kr (77.41 €) |
-48.3 % |
| 1 Pair of Men Leather Business Shoes |
31,581.25 kr (217.58 €) |
13,420.37 kr (92.46 €) |
-57.5 % |
Rent Per Month | Iceland Edit |
Portugal Edit | |
| Apartment (1 bedroom) in City Centre |
275,000.00 kr (1,894.63 €) |
135,701.01 kr (934.92 €) |
-50.7 % |
| Apartment (1 bedroom) Outside of Centre |
248,333.33 kr (1,710.91 €) |
107,175.12 kr (738.39 €) |
-56.8 % |
| Apartment (3 bedrooms) in City Centre |
393,961.54 kr (2,714.23 €) |
231,998.36 kr (1,598.37 €) |
-41.1 % |
| Apartment (3 bedrooms) Outside of Centre |
338,074.07 kr (2,329.19 €) |
170,195.06 kr (1,172.57 €) |
-49.7 % |
Buy Apartment Price | Iceland Edit |
Portugal Edit | |
| Price per Square Feet to Buy Apartment in City Centre |
86,370.14 kr (595.05 €) |
50,096.95 kr (345.15 €) |
-42.0 % |
| Price per Square Feet to Buy Apartment Outside of Centre |
73,312.85 kr (505.09 €) |
35,802.91 kr (246.67 €) |
-51.2 % |
Salaries And Financing | Iceland Edit |
Portugal Edit | |
| Average Monthly Net Salary (After Tax) |
564,074.59 kr (3,886.23 €) |
152,832.45 kr (1,052.95 €) |
-72.9 % |
| Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate | 9.90 | 4.80 | -51.6 % |
| Last update: | 21 May 2025 | 23 May 2025 | |
| Contributors in the past 12 months: | 151 | 1019 |
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