Cost of Living Comparison Between Iceland and Portugal 
| Indices Difference |  |
|---|---|
| Consumer Prices in Portugal are 45.1% lower than in Iceland (without rent) | |
| Consumer Prices Including Rent in Portugal are 43.5% lower than in Iceland | |
| Rent Prices in Portugal are 39.8% lower than in Iceland | |
| Restaurant Prices in Portugal are 54.6% lower than in Iceland | |
| Groceries Prices in Portugal are 53.6% lower than in Iceland | |
| Local Purchasing Power in Portugal is 51.4% lower than in Iceland | |
Restaurants | Iceland Edit |
Portugal Edit | Difference |
|---|---|---|---|
| Meal, Inexpensive Restaurant |
2,500.00 kr (16.44 €) |
1,369.01 kr (9.00 €) |
-45.2 % |
| Meal for 2 People, Mid-range Restaurant, Three-course |
15,000.00 kr (98.61 €) |
6,084.48 kr (40.00 €) |
-59.4 % |
| McMeal at McDonalds (or Equivalent Combo Meal) |
2,000.00 kr (13.15 €) |
1,064.78 kr (7.00 €) |
-46.8 % |
| Domestic Beer (1 pint draught) |
1,200.00 kr (7.89 €) |
304.22 kr (2.00 €) |
-74.6 % |
| Imported Beer (12 oz small bottle) |
1,000.00 kr (6.57 €) |
304.22 kr (2.00 €) |
-69.6 % |
| Cappuccino (regular) |
593.07 kr (3.90 €) |
221.11 kr (1.45 €) |
-62.7 % |
| Coke/Pepsi (12 oz small bottle) |
343.04 kr (2.26 €) |
211.87 kr (1.39 €) |
-38.2 % |
| Water (12 oz small bottle) |
271.40 kr (1.78 €) |
154.63 kr (1.02 €) |
-43.0 % |
Markets | Iceland Edit |
Portugal Edit | |
| Milk (regular), (1 gallon) |
762.53 kr (5.01 €) |
436.04 kr (2.87 €) |
-42.8 % |
| Loaf of Fresh White Bread (1 lb) |
382.67 kr (2.52 €) |
160.26 kr (1.05 €) |
-58.1 % |
| Rice (white), (1 lb) |
185.78 kr (1.22 €) |
75.02 kr (0.49 €) |
-59.6 % |
| Eggs (regular) (12) |
736.10 kr (4.84 €) |
327.93 kr (2.16 €) |
-55.5 % |
| Local Cheese (1 lb) |
827.42 kr (5.44 €) |
535.36 kr (3.52 €) |
-35.3 % |
| Chicken Fillets (1 lb) |
1,042.08 kr (6.85 €) |
395.27 kr (2.60 €) |
-62.1 % |
| Beef Round (1 lb) (or Equivalent Back Leg Red Meat) |
1,578.09 kr (10.37 €) |
645.93 kr (4.25 €) |
-59.1 % |
| Apples (1 lb) |
194.11 kr (1.28 €) |
116.87 kr (0.77 €) |
-39.8 % |
| Banana (1 lb) |
137.39 kr (0.90 €) |
79.33 kr (0.52 €) |
-42.3 % |
| Oranges (1 lb) |
157.31 kr (1.03 €) |
91.55 kr (0.60 €) |
-41.8 % |
| Tomato (1 lb) |
270.89 kr (1.78 €) |
117.45 kr (0.77 €) |
-56.6 % |
| Potato (1 lb) |
162.27 kr (1.07 €) |
72.43 kr (0.48 €) |
-55.4 % |
| Onion (1 lb) |
84.86 kr (0.56 €) |
80.69 kr (0.53 €) |
-4.9 % |
| Lettuce (1 head) |
358.71 kr (2.36 €) |
159.37 kr (1.05 €) |
-55.6 % |
| Water (1.5 liter bottle) |
240.59 kr (1.58 €) |
86.76 kr (0.57 €) |
-63.9 % |
| Bottle of Wine (Mid-Range) |
2,550.00 kr (16.76 €) |
608.45 kr (4.00 €) |
-76.1 % |
| Domestic Beer (0.5 liter bottle) |
417.43 kr (2.74 €) |
164.35 kr (1.08 €) |
-60.6 % |
| Imported Beer (12 oz small bottle) |
359.32 kr (2.36 €) |
282.36 kr (1.86 €) |
-21.4 % |
| Cigarettes 20 Pack (Marlboro) |
1,540.00 kr (10.12 €) |
768.93 kr (5.05 €) |
-50.1 % |
Transportation | Iceland Edit |
Portugal Edit | |
| One-way Ticket (Local Transport) |
490.00 kr (3.22 €) |
258.59 kr (1.70 €) |
-47.2 % |
| Monthly Pass (Regular Price) |
8,110.00 kr (53.32 €) |
6,084.48 kr (40.00 €) |
-25.0 % |
| Taxi Start (Normal Tariff) |
730.00 kr (4.80 €) |
528.59 kr (3.48 €) |
-27.6 % |
| Taxi 1 mile (Normal Tariff) |
532.69 kr (3.50 €) |
195.84 kr (1.29 €) |
-63.2 % |
| Taxi 1hour Waiting (Normal Tariff) |
8,000.00 kr (52.59 €) |
2,281.68 kr (15.00 €) |
-71.5 % |
| Gasoline (1 gallon) |
1,138.29 kr (7.48 €) |
1,107.35 kr (7.28 €) |
-2.7 % |
| Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) |
4,320,000.00 kr (28,400.11 €) |
4,107,025.92 kr (27,000.00 €) |
-4.9 % |
| Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) |
4,836,611.11 kr (31,796.37 €) |
4,287,111.32 kr (28,183.90 €) |
-11.4 % |
Utilities (Monthly) | Iceland Edit |
Portugal Edit | |
| Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment |
14,915.80 kr (98.06 €) |
16,931.86 kr (111.31 €) |
+13.5 % |
| 1 min. of Prepaid Mobile Tariff Local (No Discounts or Plans) |
14.43 kr (0.09 €) |
24.58 kr (0.16 €) |
+70.3 % |
| Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) |
9,198.37 kr (60.47 €) |
5,248.06 kr (34.50 €) |
-42.9 % |
Sports And Leisure | Iceland Edit |
Portugal Edit | |
| Fitness Club, Monthly Fee for 1 Adult |
8,575.25 kr (56.37 €) |
5,274.81 kr (34.68 €) |
-38.5 % |
| Tennis Court Rent (1 Hour on Weekend) |
4,612.27 kr (30.32 €) |
1,774.22 kr (11.66 €) |
-61.5 % |
| Cinema, International Release, 1 Seat |
1,735.00 kr (11.41 €) |
1,064.78 kr (7.00 €) |
-38.6 % |
Childcare | Iceland Edit |
Portugal Edit | |
| Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child |
36,875.50 kr (242.42 €) |
52,161.24 kr (342.91 €) |
+41.5 % |
| International Primary School, Yearly for 1 Child |
642,500.00 kr (4,223.86 €) |
1,173,873.86 kr (7,717.16 €) |
+82.7 % |
Clothing And Shoes | Iceland Edit |
Portugal Edit | |
| 1 Pair of Jeans (Levis 501 Or Similar) |
15,323.03 kr (100.74 €) |
11,410.08 kr (75.01 €) |
-25.5 % |
| 1 Summer Dress in a Chain Store (Zara, H&M, ...) |
6,808.26 kr (44.76 €) |
4,634.49 kr (30.47 €) |
-31.9 % |
| 1 Pair of Nike Running Shoes (Mid-Range) |
19,605.48 kr (128.89 €) |
10,266.48 kr (67.49 €) |
-47.6 % |
| 1 Pair of Men Leather Business Shoes |
23,408.26 kr (153.89 €) |
11,971.48 kr (78.70 €) |
-48.9 % |
Rent Per Month | Iceland Edit |
Portugal Edit | |
| Apartment (1 bedroom) in City Centre |
206,534.88 kr (1,357.78 €) |
114,009.39 kr (749.51 €) |
-44.8 % |
| Apartment (1 bedroom) Outside of Centre |
169,487.80 kr (1,114.23 €) |
89,824.99 kr (590.52 €) |
-47.0 % |
| Apartment (3 bedrooms) in City Centre |
284,589.74 kr (1,870.92 €) |
200,070.00 kr (1,315.28 €) |
-29.7 % |
| Apartment (3 bedrooms) Outside of Centre |
248,976.45 kr (1,636.80 €) |
143,400.40 kr (942.73 €) |
-42.4 % |
Buy Apartment Price | Iceland Edit |
Portugal Edit | |
| Price per Square Feet to Buy Apartment in City Centre |
70,158.79 kr (461.23 €) |
41,040.98 kr (269.81 €) |
-41.5 % |
| Price per Square Feet to Buy Apartment Outside of Centre |
52,277.61 kr (343.68 €) |
28,121.69 kr (184.87 €) |
-46.2 % |
Salaries And Financing | Iceland Edit |
Portugal Edit | |
| Average Monthly Net Salary (After Tax) |
542,894.28 kr (3,569.04 €) |
149,072.07 kr (980.01 €) |
-72.5 % |
| Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate | 5.54 | 2.24 | -59.6 % |
| Last update: | February 2023 | February 2023 | |
| Contributors in the past 12 months: | 188 | 1119 |
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