Cost of Living Comparison Between Iceland and Portugal 
| Indices Difference |  |
|---|---|
| Consumer Prices in Portugal are 44.25% lower than in Iceland (without rent) | |
| Rent Prices in Portugal are 45.57% lower than in Iceland | |
| Restaurant Prices in Portugal are 57.66% lower than in Iceland | |
| Groceries Prices in Portugal are 51.16% lower than in Iceland | |
| Local Purchasing Power in Portugal is 37.71% lower than in Iceland | |
Restaurants | Iceland[ Edit ] | Portugal[ Edit ] | Difference |
|---|---|---|---|
| Meal, Inexpensive Restaurant |
2,500.00 kr (15.58 €) |
1,283.99 kr (8.00 €) |
-48.64 % |
| Meal for 2 People, Mid-range Restaurant, Three-course |
14,000.00 kr (87.23 €) |
4,814.97 kr (30.00 €) |
-65.61 % |
| McMeal at McDonalds (or Equivalent Combo Meal) |
1,800.00 kr (11.22 €) |
962.99 kr (6.00 €) |
-46.50 % |
| Domestic Beer (1 pint draught) |
1,200.00 kr (7.48 €) |
321.00 kr (2.00 €) |
-73.25 % |
| Imported Beer (12 oz small bottle) |
1,000.00 kr (6.23 €) |
321.00 kr (2.00 €) |
-67.90 % |
| Cappuccino (regular) |
578.79 kr (3.61 €) |
225.34 kr (1.40 €) |
-61.07 % |
| Coke/Pepsi (12 oz small bottle) |
331.31 kr (2.06 €) |
211.73 kr (1.32 €) |
-36.09 % |
| Water (12 oz small bottle) |
258.84 kr (1.61 €) |
153.32 kr (0.96 €) |
-40.77 % |
Markets | Iceland[ Edit ] | Portugal[ Edit ] | |
| Milk (regular), (1 gallon) |
646.95 kr (4.03 €) |
384.17 kr (2.39 €) |
-40.62 % |
| Loaf of Fresh White Bread (1 lb) |
372.10 kr (2.32 €) |
158.41 kr (0.99 €) |
-57.43 % |
| Rice (white), (1 lb) |
166.82 kr (1.04 €) |
65.20 kr (0.41 €) |
-60.91 % |
| Eggs (regular) (12) |
682.83 kr (4.25 €) |
284.60 kr (1.77 €) |
-58.32 % |
| Local Cheese (1 lb) |
706.70 kr (4.40 €) |
495.09 kr (3.08 €) |
-29.94 % |
| Chicken Fillets (1 lb) |
901.63 kr (5.62 €) |
368.39 kr (2.30 €) |
-59.14 % |
| Beef Round (1 lb) (or Equivalent Back Leg Red Meat) |
1,546.86 kr (9.64 €) |
675.97 kr (4.21 €) |
-56.30 % |
| Apples (1 lb) |
150.20 kr (0.94 €) |
111.92 kr (0.70 €) |
-25.49 % |
| Banana (1 lb) |
137.45 kr (0.86 €) |
80.94 kr (0.50 €) |
-41.11 % |
| Oranges (1 lb) |
147.78 kr (0.92 €) |
89.10 kr (0.56 €) |
-39.71 % |
| Tomato (1 lb) |
257.21 kr (1.60 €) |
102.20 kr (0.64 €) |
-60.27 % |
| Potato (1 lb) |
142.29 kr (0.89 €) |
66.00 kr (0.41 €) |
-53.62 % |
| Onion (1 lb) |
103.97 kr (0.65 €) |
73.99 kr (0.46 €) |
-28.83 % |
| Lettuce (1 head) |
309.00 kr (1.93 €) |
151.81 kr (0.95 €) |
-50.87 % |
| Water (1.5 liter bottle) |
235.29 kr (1.47 €) |
83.02 kr (0.52 €) |
-64.72 % |
| Bottle of Wine (Mid-Range) |
2,500.00 kr (15.58 €) |
642.00 kr (4.00 €) |
-74.32 % |
| Domestic Beer (0.5 liter bottle) |
392.40 kr (2.44 €) |
163.12 kr (1.02 €) |
-58.43 % |
| Imported Beer (12 oz small bottle) |
368.33 kr (2.29 €) |
327.66 kr (2.04 €) |
-11.04 % |
| Cigarettes 20 Pack (Marlboro) |
1,450.00 kr (9.03 €) |
802.50 kr (5.00 €) |
-44.66 % |
Transportation | Iceland[ Edit ] | Portugal[ Edit ] | |
| One-way Ticket (Local Transport) |
480.00 kr (2.99 €) |
256.80 kr (1.60 €) |
-46.50 % |
| Monthly Pass (Regular Price) |
12,800.00 kr (79.75 €) |
6,419.96 kr (40.00 €) |
-49.84 % |
| Taxi Start (Normal Tariff) |
700.00 kr (4.36 €) |
553.72 kr (3.45 €) |
-20.90 % |
| Taxi 1 mile (Normal Tariff) |
482.80 kr (3.01 €) |
129.15 kr (0.80 €) |
-73.25 % |
| Taxi 1hour Waiting (Normal Tariff) |
7,920.00 kr (49.35 €) |
2,407.49 kr (15.00 €) |
-69.60 % |
| Gasoline (1 gallon) |
847.55 kr (5.28 €) |
925.12 kr (5.76 €) |
+9.15 % |
| Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) |
3,790,000.00 kr (23,613.84 €) |
4,012,477.83 kr (25,000.00 €) |
+5.87 % |
| Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) |
4,210,000.00 kr (26,230.67 €) |
4,118,659.99 kr (25,661.57 €) |
-2.17 % |
Utilities (Monthly) | Iceland[ Edit ] | Portugal[ Edit ] | |
| Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment |
14,050.88 kr (87.54 €) |
16,184.27 kr (100.84 €) |
+15.18 % |
| 1 min. of Prepaid Mobile Tariff Local (No Discounts or Plans) |
23.62 kr (0.15 €) |
26.66 kr (0.17 €) |
+12.88 % |
| Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) |
8,818.49 kr (54.94 €) |
5,236.13 kr (32.62 €) |
-40.62 % |
Sports And Leisure | Iceland[ Edit ] | Portugal[ Edit ] | |
| Fitness Club, Monthly Fee for 1 Adult |
7,352.05 kr (45.81 €) |
5,219.35 kr (32.52 €) |
-29.01 % |
| Tennis Court Rent (1 Hour on Weekend) |
4,817.65 kr (30.02 €) |
1,947.09 kr (12.13 €) |
-59.58 % |
| Cinema, International Release, 1 Seat |
1,600.00 kr (9.97 €) |
1,123.49 kr (7.00 €) |
-29.78 % |
Childcare | Iceland[ Edit ] | Portugal[ Edit ] | |
| Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child |
35,130.65 kr (218.88 €) |
56,616.06 kr (352.75 €) |
+61.16 % |
| International Primary School, Yearly for 1 Child |
679,500.00 kr (4,233.67 €) |
1,166,272.98 kr (7,266.54 €) |
+71.64 % |
Clothing And Shoes | Iceland[ Edit ] | Portugal[ Edit ] | |
| 1 Pair of Jeans (Levis 501 Or Similar) |
15,026.50 kr (93.62 €) |
12,592.10 kr (78.46 €) |
-16.20 % |
| 1 Summer Dress in a Chain Store (Zara, H&M, ...) |
7,401.97 kr (46.12 €) |
4,652.60 kr (28.99 €) |
-37.14 % |
| 1 Pair of Nike Running Shoes (Mid-Range) |
18,971.86 kr (118.21 €) |
10,956.42 kr (68.26 €) |
-42.25 % |
| 1 Pair of Men Leather Business Shoes |
23,194.62 kr (144.52 €) |
12,778.47 kr (79.62 €) |
-44.91 % |
Rent Per Month | Iceland[ Edit ] | Portugal[ Edit ] | |
| Apartment (1 bedroom) in City Centre |
179,955.53 kr (1,121.22 €) |
95,405.78 kr (594.43 €) |
-46.98 % |
| Apartment (1 bedroom) Outside of Centre |
148,790.73 kr (927.05 €) |
74,650.57 kr (465.12 €) |
-49.83 % |
| Apartment (3 bedrooms) in City Centre |
281,608.70 kr (1,754.58 €) |
170,752.79 kr (1,063.89 €) |
-39.37 % |
| Apartment (3 bedrooms) Outside of Centre |
242,116.28 kr (1,508.52 €) |
122,009.12 kr (760.19 €) |
-49.61 % |
Buy Apartment Price | Iceland[ Edit ] | Portugal[ Edit ] | |
| Price per Square Feet to Buy Apartment in City Centre |
52,060.48 kr (324.37 €) |
38,797.67 kr (241.73 €) |
-25.48 % |
| Price per Square Feet to Buy Apartment Outside of Centre |
40,773.38 kr (254.04 €) |
24,249.07 kr (151.09 €) |
-40.53 % |
Salaries And Financing | Iceland[ Edit ] | Portugal[ Edit ] | |
| Average Monthly Net Salary (After Tax) |
399,145.15 kr (2,486.90 €) |
137,665.97 kr (857.74 €) |
-65.51 % |
| Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate | 5.90 | 2.26 | -61.65 % |
| Last update: | November 2020 | November 2020 | |
| Contributors in the past 12 months: | 233 | 1310 |