Cost of Living Comparison Between Iceland and Portugal 
| Indices Difference |  |
|---|---|
| Consumer Prices in Portugal are 46.72% lower than in Iceland | |
| Consumer Prices Including Rent in Portugal are 47.00% lower than in Iceland | |
| Rent Prices in Portugal are 47.70% lower than in Iceland | |
| Restaurant Prices in Portugal are 61.07% lower than in Iceland | |
| Groceries Prices in Portugal are 52.70% lower than in Iceland | |
| Local Purchasing Power in Portugal is 36.44% lower than in Iceland | |
| Restaurants | Iceland[ Edit ] | Portugal[ Edit ] | Difference |
|---|---|---|---|
| Meal, Inexpensive Restaurant |
2,500.00 kr (16.56 €) |
1,132.50 kr (7.50 €) |
-54.70 % |
| Meal for 2 People, Mid-range Restaurant, Three-course |
14,000.00 kr (92.72 €) |
4,530.00 kr (30.00 €) |
-67.64 % |
| McMeal at McDonalds (or Equivalent Combo Meal) |
1,649.00 kr (10.92 €) |
906.00 kr (6.00 €) |
-45.06 % |
| Domestic Beer (1 pint draught) |
1,200.00 kr (7.95 €) |
302.00 kr (2.00 €) |
-74.83 % |
| Imported Beer (12 oz small bottle) |
1,000.00 kr (6.62 €) |
302.00 kr (2.00 €) |
-69.80 % |
| Cappuccino (regular) |
577.47 kr (3.82 €) |
206.90 kr (1.37 €) |
-64.17 % |
| Coke/Pepsi (12 oz small bottle) |
344.48 kr (2.28 €) |
196.99 kr (1.30 €) |
-42.81 % |
| Water (12 oz small bottle) |
262.95 kr (1.74 €) |
141.91 kr (0.94 €) |
-46.03 % |
| Markets | Iceland[ Edit ] | Portugal[ Edit ] | |
| Milk (regular), (1 gallon) |
632.92 kr (4.19 €) |
368.18 kr (2.44 €) |
-41.83 % |
| Loaf of Fresh White Bread (1 lb) |
343.38 kr (2.27 €) |
148.30 kr (0.98 €) |
-56.81 % |
| Rice (white), (1 lb) |
170.70 kr (1.13 €) |
61.43 kr (0.41 €) |
-64.01 % |
| Eggs (regular) (12) |
675.07 kr (4.47 €) |
257.63 kr (1.71 €) |
-61.84 % |
| Local Cheese (1 lb) |
772.61 kr (5.12 €) |
472.65 kr (3.13 €) |
-38.82 % |
| Chicken Fillets (1 lb) |
934.74 kr (6.19 €) |
348.33 kr (2.31 €) |
-62.74 % |
| Beef Round (1 lb) (or Equivalent Back Leg Red Meat) |
1,412.26 kr (9.35 €) |
639.88 kr (4.24 €) |
-54.69 % |
| Apples (1 lb) |
144.55 kr (0.96 €) |
105.75 kr (0.70 €) |
-26.84 % |
| Banana (1 lb) |
111.65 kr (0.74 €) |
76.39 kr (0.51 €) |
-31.58 % |
| Oranges (1 lb) |
136.28 kr (0.90 €) |
80.03 kr (0.53 €) |
-41.27 % |
| Tomato (1 lb) |
237.26 kr (1.57 €) |
98.13 kr (0.65 €) |
-58.64 % |
| Potato (1 lb) |
139.68 kr (0.93 €) |
62.73 kr (0.42 €) |
-55.09 % |
| Onion (1 lb) |
108.80 kr (0.72 €) |
70.38 kr (0.47 €) |
-35.31 % |
| Lettuce (1 head) |
302.52 kr (2.00 €) |
140.26 kr (0.93 €) |
-53.64 % |
| Water (1.5 liter bottle) |
219.99 kr (1.46 €) |
81.13 kr (0.54 €) |
-63.12 % |
| Bottle of Wine (Mid-Range) |
2,500.00 kr (16.56 €) |
604.00 kr (4.00 €) |
-75.84 % |
| Domestic Beer (0.5 liter bottle) |
374.29 kr (2.48 €) |
151.94 kr (1.01 €) |
-59.41 % |
| Imported Beer (12 oz small bottle) |
364.76 kr (2.42 €) |
303.87 kr (2.01 €) |
-16.69 % |
| Cigarettes 20 Pack (Marlboro) |
1,450.00 kr (9.60 €) |
755.00 kr (5.00 €) |
-47.93 % |
| Transportation | Iceland[ Edit ] | Portugal[ Edit ] | |
| One-way Ticket (Local Transport) |
470.00 kr (3.11 €) |
241.60 kr (1.60 €) |
-48.60 % |
| Monthly Pass (Regular Price) |
12,800.00 kr (84.77 €) |
5,738.00 kr (38.00 €) |
-55.17 % |
| Taxi Start (Normal Tariff) |
700.00 kr (4.64 €) |
520.95 kr (3.45 €) |
-25.58 % |
| Taxi 1 mile (Normal Tariff) |
482.80 kr (3.20 €) |
121.51 kr (0.80 €) |
-74.83 % |
| Taxi 1hour Waiting (Normal Tariff) |
7,920.00 kr (52.45 €) |
2,265.00 kr (15.00 €) |
-71.40 % |
| Gasoline (1 gallon) |
856.48 kr (5.67 €) |
877.94 kr (5.81 €) |
+2.51 % |
| Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) |
3,650,000.00 kr (24,172.17 €) |
3,775,002.48 kr (25,000.00 €) |
+3.42 % |
| Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) |
4,247,647.06 kr (28,130.09 €) |
3,785,111.54 kr (25,066.95 €) |
-10.89 % |
| Utilities (Monthly) | Iceland[ Edit ] | Portugal[ Edit ] | |
| Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment |
13,061.38 kr (86.50 €) |
15,039.77 kr (99.60 €) |
+15.15 % |
| 1 min. of Prepaid Mobile Tariff Local (No Discounts or Plans) |
22.06 kr (0.15 €) |
26.28 kr (0.17 €) |
+19.10 % |
| Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) |
8,501.83 kr (56.30 €) |
4,999.36 kr (33.11 €) |
-41.20 % |
| Sports And Leisure | Iceland[ Edit ] | Portugal[ Edit ] | |
| Fitness Club, Monthly Fee for 1 Adult |
7,620.12 kr (50.46 €) |
4,967.35 kr (32.90 €) |
-34.81 % |
| Tennis Court Rent (1 Hour on Weekend) |
4,413.64 kr (29.23 €) |
1,752.80 kr (11.61 €) |
-60.29 % |
| Cinema, International Release, 1 Seat |
1,600.00 kr (10.60 €) |
1,057.00 kr (7.00 €) |
-33.94 % |
| Childcare | Iceland[ Edit ] | Portugal[ Edit ] | |
| Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child |
35,501.56 kr (235.11 €) |
52,613.51 kr (348.43 €) |
+48.20 % |
| International Primary School, Yearly for 1 Child |
792,000.00 kr (5,245.03 €) |
1,120,738.05 kr (7,422.10 €) |
+41.51 % |
| Clothing And Shoes | Iceland[ Edit ] | Portugal[ Edit ] | |
| 1 Pair of Jeans (Levis 501 Or Similar) |
15,220.54 kr (100.80 €) |
12,102.70 kr (80.15 €) |
-20.48 % |
| 1 Summer Dress in a Chain Store (Zara, H&M, ...) |
6,941.97 kr (45.97 €) |
4,434.57 kr (29.37 €) |
-36.12 % |
| 1 Pair of Nike Running Shoes (Mid-Range) |
18,176.67 kr (120.38 €) |
10,748.52 kr (71.18 €) |
-40.87 % |
| 1 Pair of Men Leather Business Shoes |
23,434.85 kr (155.20 €) |
12,266.59 kr (81.24 €) |
-47.66 % |
| Rent Per Month | Iceland[ Edit ] | Portugal[ Edit ] | |
| Apartment (1 bedroom) in City Centre |
178,410.26 kr (1,181.52 €) |
94,700.55 kr (627.16 €) |
-46.92 % |
| Apartment (1 bedroom) Outside of Centre |
147,771.36 kr (978.62 €) |
69,811.71 kr (462.33 €) |
-52.76 % |
| Apartment (3 bedrooms) in City Centre |
284,619.05 kr (1,884.89 €) |
166,381.36 kr (1,101.86 €) |
-41.54 % |
| Apartment (3 bedrooms) Outside of Centre |
245,305.56 kr (1,624.54 €) |
116,879.69 kr (774.04 €) |
-52.35 % |
| Buy Apartment Price | Iceland[ Edit ] | Portugal[ Edit ] | |
| Price per Square Feet to Buy Apartment in City Centre |
55,281.53 kr (366.10 €) |
37,483.03 kr (248.23 €) |
-32.20 % |
| Price per Square Feet to Buy Apartment Outside of Centre |
41,995.84 kr (278.12 €) |
22,601.71 kr (149.68 €) |
-46.18 % |
| Salaries And Financing | Iceland[ Edit ] | Portugal[ Edit ] | |
| Average Monthly Net Salary (After Tax) |
382,589.84 kr (2,533.71 €) |
128,882.55 kr (853.53 €) |
-66.31 % |
| Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate | 6.17 | 2.29 | -62.82 % |
| Last update: | May 2020 | May 2020 | |
| Contributors: | 309 | 1556 | |
| Data from past: | 18 months | 18 months | |
| Currency: ISK |