Cost of Living Comparison Between Iceland and Portugal 
| Indices Difference |  |
|---|---|
| Cost of Living in Portugal is 49.7% lower than in Iceland (excluding rent) | |
| Cost of Living Including Rent in Portugal is 49.3% lower than in Iceland | |
| Rent Prices in Portugal are 48.4% lower than in Iceland | |
| Restaurant Prices in Portugal are 58.7% lower than in Iceland | |
| Groceries Prices in Portugal are 54.6% lower than in Iceland | |
| Local Purchasing Power in Portugal is 44.4% lower than in Iceland | |
Restaurants | Iceland Edit |
Portugal Edit | Difference |
|---|---|---|---|
| Meal, Inexpensive Restaurant |
3,100.00 kr (21.22 €) |
1,461.13 kr (10.00 €) |
-52.9 % |
| Meal for 2 People, Mid-range Restaurant, Three-course |
17,500.00 kr (119.77 €) |
6,575.08 kr (45.00 €) |
-62.4 % |
| McMeal at McDonalds (or Equivalent Combo Meal) |
2,500.00 kr (17.11 €) |
1,168.90 kr (8.00 €) |
-53.2 % |
| Domestic Beer (1 pint draught) |
1,500.00 kr (10.27 €) |
365.28 kr (2.50 €) |
-75.6 % |
| Imported Beer (12 oz small bottle) |
1,292.35 kr (8.84 €) |
438.34 kr (3.00 €) |
-66.1 % |
| Cappuccino (regular) |
749.77 kr (5.13 €) |
276.09 kr (1.89 €) |
-63.2 % |
| Coke/Pepsi (12 oz small bottle) |
408.78 kr (2.80 €) |
251.73 kr (1.72 €) |
-38.4 % |
| Water (12 oz small bottle) |
327.20 kr (2.24 €) |
175.79 kr (1.20 €) |
-46.3 % |
Markets | Iceland Edit |
Portugal Edit | |
| Milk (regular), (1 gallon) |
891.09 kr (6.10 €) |
519.40 kr (3.55 €) |
-41.7 % |
| Loaf of Fresh White Bread (1 lb) |
445.61 kr (3.05 €) |
183.35 kr (1.25 €) |
-58.9 % |
| Rice (white), (1 lb) |
197.27 kr (1.35 €) |
94.04 kr (0.64 €) |
-52.3 % |
| Eggs (regular) (12) |
818.07 kr (5.60 €) |
390.88 kr (2.68 €) |
-52.2 % |
| Local Cheese (1 lb) |
1,029.73 kr (7.05 €) |
683.41 kr (4.68 €) |
-33.6 % |
| Chicken Fillets (1 lb) |
1,350.80 kr (9.24 €) |
440.61 kr (3.02 €) |
-67.4 % |
| Beef Round (1 lb) (or Equivalent Back Leg Red Meat) |
2,326.81 kr (15.92 €) |
829.21 kr (5.68 €) |
-64.4 % |
| Apples (1 lb) |
175.18 kr (1.20 €) |
129.20 kr (0.88 €) |
-26.2 % |
| Banana (1 lb) |
139.94 kr (0.96 €) |
84.40 kr (0.58 €) |
-39.7 % |
| Oranges (1 lb) |
163.99 kr (1.12 €) |
106.29 kr (0.73 €) |
-35.2 % |
| Tomato (1 lb) |
286.79 kr (1.96 €) |
145.42 kr (1.00 €) |
-49.3 % |
| Potato (1 lb) |
203.14 kr (1.39 €) |
97.28 kr (0.67 €) |
-52.1 % |
| Onion (1 lb) |
126.19 kr (0.86 €) |
115.32 kr (0.79 €) |
-8.6 % |
| Lettuce (1 head) |
402.25 kr (2.75 €) |
198.53 kr (1.36 €) |
-50.6 % |
| Water (1.5 liter bottle) |
280.46 kr (1.92 €) |
100.19 kr (0.69 €) |
-64.3 % |
| Bottle of Wine (Mid-Range) |
3,000.00 kr (20.53 €) |
729.10 kr (4.99 €) |
-75.7 % |
| Domestic Beer (0.5 liter bottle) |
462.58 kr (3.17 €) |
163.30 kr (1.12 €) |
-64.7 % |
| Imported Beer (12 oz small bottle) |
389.06 kr (2.66 €) |
321.16 kr (2.20 €) |
-17.5 % |
| Cigarettes 20 Pack (Marlboro) |
1,725.00 kr (11.81 €) |
803.62 kr (5.50 €) |
-53.4 % |
Transportation | Iceland Edit |
Portugal Edit | |
| One-way Ticket (Local Transport) |
640.00 kr (4.38 €) |
292.23 kr (2.00 €) |
-54.3 % |
| Monthly Pass (Regular Price) |
10,400.00 kr (71.18 €) |
5,844.51 kr (40.00 €) |
-43.8 % |
| Taxi Start (Normal Tariff) |
790.00 kr (5.41 €) |
511.39 kr (3.50 €) |
-35.3 % |
| Taxi 1 mile (Normal Tariff) |
521.43 kr (3.57 €) |
230.44 kr (1.58 €) |
-55.8 % |
| Taxi 1hour Waiting (Normal Tariff) |
10,620.00 kr (72.68 €) |
2,191.69 kr (15.00 €) |
-79.4 % |
| Gasoline (1 gallon) |
1,182.00 kr (8.09 €) |
942.84 kr (6.45 €) |
-20.2 % |
| Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) |
5,890,000.00 kr (40,311.31 €) |
4,383,384.97 kr (30,000.00 €) |
-25.6 % |
| Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) |
6,666,666.67 kr (45,626.84 €) |
4,976,071.99 kr (34,056.37 €) |
-25.4 % |
Utilities (Monthly) | Iceland Edit |
Portugal Edit | |
| Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment |
10,924.64 kr (74.77 €) |
16,829.20 kr (115.18 €) |
+54.0 % |
| Mobile Phone Monthly Plan with Calls and 10GB+ Data |
3,430.36 kr (23.48 €) |
2,750.08 kr (18.82 €) |
-19.8 % |
| Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) |
10,270.53 kr (70.29 €) |
5,430.07 kr (37.16 €) |
-47.1 % |
Sports And Leisure | Iceland Edit |
Portugal Edit | |
| Fitness Club, Monthly Fee for 1 Adult |
10,082.08 kr (69.00 €) |
5,609.03 kr (38.39 €) |
-44.4 % |
| Tennis Court Rent (1 Hour on Weekend) |
4,816.67 kr (32.97 €) |
2,066.36 kr (14.14 €) |
-57.1 % |
| Cinema, International Release, 1 Seat |
2,190.00 kr (14.99 €) |
1,095.85 kr (7.50 €) |
-50.0 % |
Childcare | Iceland Edit |
Portugal Edit | |
| Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child |
42,475.25 kr (290.70 €) |
64,073.70 kr (438.52 €) |
+50.8 % |
| International Primary School, Yearly for 1 Child |
3,744,295.00 kr (25,626.05 €) |
1,515,251.23 kr (10,370.42 €) |
-59.5 % |
Clothing And Shoes | Iceland Edit |
Portugal Edit | |
| 1 Pair of Jeans (Levis 501 Or Similar) |
17,356.84 kr (118.79 €) |
11,715.44 kr (80.18 €) |
-32.5 % |
| 1 Summer Dress in a Chain Store (Zara, H&M, ...) |
7,436.25 kr (50.89 €) |
4,925.11 kr (33.71 €) |
-33.8 % |
| 1 Pair of Nike Running Shoes (Mid-Range) |
21,566.67 kr (147.60 €) |
11,355.33 kr (77.72 €) |
-47.3 % |
| 1 Pair of Men Leather Business Shoes |
29,685.94 kr (203.17 €) |
13,490.83 kr (92.33 €) |
-54.6 % |
Rent Per Month | Iceland Edit |
Portugal Edit | |
| Apartment (1 bedroom) in City Centre |
275,000.00 kr (1,882.11 €) |
135,716.42 kr (928.85 €) |
-50.6 % |
| Apartment (1 bedroom) Outside of Centre |
250,000.00 kr (1,711.01 €) |
107,893.35 kr (738.42 €) |
-56.8 % |
| Apartment (3 bedrooms) in City Centre |
393,961.54 kr (2,696.28 €) |
233,483.76 kr (1,597.97 €) |
-40.7 % |
| Apartment (3 bedrooms) Outside of Centre |
338,074.07 kr (2,313.79 €) |
171,830.01 kr (1,176.01 €) |
-49.2 % |
Buy Apartment Price | Iceland Edit |
Portugal Edit | |
| Price per Square Feet to Buy Apartment in City Centre |
85,617.11 kr (585.97 €) |
50,065.76 kr (342.65 €) |
-41.5 % |
| Price per Square Feet to Buy Apartment Outside of Centre |
72,898.79 kr (498.92 €) |
35,978.42 kr (246.24 €) |
-50.6 % |
Salaries And Financing | Iceland Edit |
Portugal Edit | |
| Average Monthly Net Salary (After Tax) |
552,104.04 kr (3,778.61 €) |
155,507.41 kr (1,064.30 €) |
-71.8 % |
| Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate | 9.76 | 4.78 | -51.0 % |
| Last update: | April 2025 | April 2025 | |
| Contributors in the past 12 months: | 146 | 1017 |
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