Cost of Living Comparison Between Iceland and Portugal 
| Indices Difference |  |
|---|---|
| Consumer Prices in Portugal are 45.93% lower than in Iceland (without rent) | |
| Consumer Prices Including Rent in Portugal are 46.89% lower than in Iceland | |
| Rent Prices in Portugal are 49.25% lower than in Iceland | |
| Restaurant Prices in Portugal are 58.26% lower than in Iceland | |
| Groceries Prices in Portugal are 53.23% lower than in Iceland | |
| Local Purchasing Power in Portugal is 35.95% lower than in Iceland | |
Restaurants | Iceland Edit |
Portugal Edit | Difference |
|---|---|---|---|
| Meal, Inexpensive Restaurant |
2,500.00 kr (16.31 €) |
1,180.48 kr (7.70 €) |
-52.78 % |
| Meal for 2 People, Mid-range Restaurant, Three-course |
12,750.00 kr (83.17 €) |
4,599.28 kr (30.00 €) |
-63.93 % |
| McMeal at McDonalds (or Equivalent Combo Meal) |
1,774.50 kr (11.57 €) |
919.86 kr (6.00 €) |
-48.16 % |
| Domestic Beer (1 pint draught) |
1,200.00 kr (7.83 €) |
275.96 kr (1.80 €) |
-77.00 % |
| Imported Beer (12 oz small bottle) |
1,000.00 kr (6.52 €) |
306.62 kr (2.00 €) |
-69.34 % |
| Cappuccino (regular) |
577.92 kr (3.77 €) |
213.97 kr (1.40 €) |
-62.98 % |
| Coke/Pepsi (12 oz small bottle) |
329.76 kr (2.15 €) |
199.64 kr (1.30 €) |
-39.46 % |
| Water (12 oz small bottle) |
266.59 kr (1.74 €) |
144.60 kr (0.94 €) |
-45.76 % |
Markets | Iceland Edit |
Portugal Edit | |
| Milk (regular), (1 gallon) |
643.88 kr (4.20 €) |
366.45 kr (2.39 €) |
-43.09 % |
| Loaf of Fresh White Bread (1 lb) |
380.78 kr (2.48 €) |
150.70 kr (0.98 €) |
-60.42 % |
| Rice (white), (1 lb) |
161.62 kr (1.05 €) |
63.07 kr (0.41 €) |
-60.98 % |
| Eggs (regular) (12) |
675.26 kr (4.40 €) |
272.14 kr (1.78 €) |
-59.70 % |
| Local Cheese (1 lb) |
705.03 kr (4.60 €) |
467.51 kr (3.05 €) |
-33.69 % |
| Chicken Fillets (1 lb) |
911.18 kr (5.94 €) |
345.45 kr (2.25 €) |
-62.09 % |
| Beef Round (1 lb) (or Equivalent Back Leg Red Meat) |
1,533.52 kr (10.00 €) |
628.21 kr (4.10 €) |
-59.03 % |
| Apples (1 lb) |
145.68 kr (0.95 €) |
105.14 kr (0.69 €) |
-27.83 % |
| Banana (1 lb) |
139.09 kr (0.91 €) |
76.08 kr (0.50 €) |
-45.30 % |
| Oranges (1 lb) |
146.15 kr (0.95 €) |
85.39 kr (0.56 €) |
-41.57 % |
| Tomato (1 lb) |
265.35 kr (1.73 €) |
97.49 kr (0.64 €) |
-63.26 % |
| Potato (1 lb) |
144.02 kr (0.94 €) |
62.91 kr (0.41 €) |
-56.32 % |
| Onion (1 lb) |
99.44 kr (0.65 €) |
69.87 kr (0.46 €) |
-29.74 % |
| Lettuce (1 head) |
305.57 kr (1.99 €) |
144.14 kr (0.94 €) |
-52.83 % |
| Water (1.5 liter bottle) |
239.07 kr (1.56 €) |
79.17 kr (0.52 €) |
-66.88 % |
| Bottle of Wine (Mid-Range) |
2,500.00 kr (16.31 €) |
613.24 kr (4.00 €) |
-75.47 % |
| Domestic Beer (0.5 liter bottle) |
401.97 kr (2.62 €) |
156.22 kr (1.02 €) |
-61.14 % |
| Imported Beer (12 oz small bottle) |
380.62 kr (2.48 €) |
309.31 kr (2.02 €) |
-18.73 % |
| Cigarettes 20 Pack (Marlboro) |
1,450.00 kr (9.46 €) |
766.55 kr (5.00 €) |
-47.13 % |
Transportation | Iceland Edit |
Portugal Edit | |
| One-way Ticket (Local Transport) |
480.00 kr (3.13 €) |
245.29 kr (1.60 €) |
-48.90 % |
| Monthly Pass (Regular Price) |
12,800.00 kr (83.49 €) |
6,132.37 kr (40.00 €) |
-52.09 % |
| Taxi Start (Normal Tariff) |
695.00 kr (4.53 €) |
498.26 kr (3.25 €) |
-28.31 % |
| Taxi 1 mile (Normal Tariff) |
482.80 kr (3.15 €) |
123.36 kr (0.80 €) |
-74.45 % |
| Taxi 1hour Waiting (Normal Tariff) |
7,920.00 kr (51.66 €) |
2,299.64 kr (15.00 €) |
-70.96 % |
| Gasoline (1 gallon) |
848.47 kr (5.53 €) |
879.53 kr (5.74 €) |
+3.66 % |
| Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) |
3,790,000.00 kr (24,721.26 €) |
3,832,733.13 kr (25,000.00 €) |
+1.13 % |
| Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) |
4,180,000.00 kr (27,265.14 €) |
3,968,771.43 kr (25,887.35 €) |
-5.05 % |
Utilities (Monthly) | Iceland Edit |
Portugal Edit | |
| Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment |
14,126.69 kr (92.15 €) |
15,320.61 kr (99.93 €) |
+8.45 % |
| 1 min. of Prepaid Mobile Tariff Local (No Discounts or Plans) |
21.42 kr (0.14 €) |
24.63 kr (0.16 €) |
+14.98 % |
| Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) |
8,892.02 kr (58.00 €) |
5,047.23 kr (32.92 €) |
-43.24 % |
Sports And Leisure | Iceland Edit |
Portugal Edit | |
| Fitness Club, Monthly Fee for 1 Adult |
7,350.34 kr (47.94 €) |
4,952.70 kr (32.31 €) |
-32.62 % |
| Tennis Court Rent (1 Hour on Weekend) |
4,346.15 kr (28.35 €) |
1,863.13 kr (12.15 €) |
-57.13 % |
| Cinema, International Release, 1 Seat |
1,600.00 kr (10.44 €) |
1,073.17 kr (7.00 €) |
-32.93 % |
Childcare | Iceland Edit |
Portugal Edit | |
| Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child |
36,206.07 kr (236.16 €) |
53,797.64 kr (350.91 €) |
+48.59 % |
| International Primary School, Yearly for 1 Child |
679,500.00 kr (4,432.22 €) |
1,102,575.87 kr (7,191.84 €) |
+62.26 % |
Clothing And Shoes | Iceland Edit |
Portugal Edit | |
| 1 Pair of Jeans (Levis 501 Or Similar) |
14,924.44 kr (97.35 €) |
12,019.43 kr (78.40 €) |
-19.46 % |
| 1 Summer Dress in a Chain Store (Zara, H&M, ...) |
7,428.50 kr (48.45 €) |
4,441.70 kr (28.97 €) |
-40.21 % |
| 1 Pair of Nike Running Shoes (Mid-Range) |
19,327.95 kr (126.07 €) |
10,378.38 kr (67.70 €) |
-46.30 % |
| 1 Pair of Men Leather Business Shoes |
23,581.91 kr (153.82 €) |
12,072.18 kr (78.74 €) |
-48.81 % |
Rent Per Month | Iceland Edit |
Portugal Edit | |
| Apartment (1 bedroom) in City Centre |
180,222.22 kr (1,175.55 €) |
90,424.64 kr (589.82 €) |
-49.83 % |
| Apartment (1 bedroom) Outside of Centre |
153,845.58 kr (1,003.50 €) |
68,848.03 kr (449.08 €) |
-55.25 % |
| Apartment (3 bedrooms) in City Centre |
276,340.91 kr (1,802.51 €) |
155,080.83 kr (1,011.56 €) |
-43.88 % |
| Apartment (3 bedrooms) Outside of Centre |
242,081.08 kr (1,579.04 €) |
111,435.50 kr (726.87 €) |
-53.97 % |
Buy Apartment Price | Iceland Edit |
Portugal Edit | |
| Price per Square Feet to Buy Apartment in City Centre |
52,400.31 kr (341.79 €) |
37,844.02 kr (246.85 €) |
-27.78 % |
| Price per Square Feet to Buy Apartment Outside of Centre |
40,959.19 kr (267.17 €) |
24,009.48 kr (156.61 €) |
-41.38 % |
Salaries And Financing | Iceland Edit |
Portugal Edit | |
| Average Monthly Net Salary (After Tax) |
384,204.38 kr (2,506.07 €) |
130,699.30 kr (852.52 €) |
-65.98 % |
| Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate | 5.73 | 2.24 | -60.87 % |
| Last update: | February 2021 | February 2021 | |
| Contributors in the past 12 months: | 101 | 872 |
