Cost of Living Comparison Between Iceland and Portugal 
| Indices Difference |  |
|---|---|
| Consumer Prices in Portugal are 49.25% lower than in Iceland (without rent) | |
| Consumer Prices Including Rent in Portugal are 50.24% lower than in Iceland | |
| Rent Prices in Portugal are 52.70% lower than in Iceland | |
| Restaurant Prices in Portugal are 60.30% lower than in Iceland | |
| Groceries Prices in Portugal are 56.02% lower than in Iceland | |
| Local Purchasing Power in Portugal is 38.89% lower than in Iceland | |
Restaurants | Iceland Edit |
Portugal Edit | Difference |
|---|---|---|---|
| Meal, Inexpensive Restaurant |
2,500.00 kr (17.05 €) |
1,172.86 kr (8.00 €) |
-53.09 % |
| Meal for 2 People, Mid-range Restaurant, Three-course |
13,000.00 kr (88.67 €) |
4,398.23 kr (30.00 €) |
-66.17 % |
| McMeal at McDonalds (or Equivalent Combo Meal) |
1,800.00 kr (12.28 €) |
879.65 kr (6.00 €) |
-51.13 % |
| Domestic Beer (1 pint draught) |
1,200.00 kr (8.19 €) |
293.22 kr (2.00 €) |
-75.57 % |
| Imported Beer (12 oz small bottle) |
1,000.00 kr (6.82 €) |
293.22 kr (2.00 €) |
-70.68 % |
| Cappuccino (regular) |
571.98 kr (3.90 €) |
204.25 kr (1.39 €) |
-64.29 % |
| Coke/Pepsi (12 oz small bottle) |
340.67 kr (2.32 €) |
194.12 kr (1.32 €) |
-43.02 % |
| Water (12 oz small bottle) |
263.83 kr (1.80 €) |
140.24 kr (0.96 €) |
-46.85 % |
Markets | Iceland Edit |
Portugal Edit | |
| Milk (regular), (1 gallon) |
654.66 kr (4.47 €) |
348.68 kr (2.38 €) |
-46.74 % |
| Loaf of Fresh White Bread (1 lb) |
390.71 kr (2.67 €) |
145.47 kr (0.99 €) |
-62.77 % |
| Rice (white), (1 lb) |
161.45 kr (1.10 €) |
61.10 kr (0.42 €) |
-62.16 % |
| Eggs (regular) (12) |
698.12 kr (4.76 €) |
255.53 kr (1.74 €) |
-63.40 % |
| Local Cheese (1 lb) |
743.89 kr (5.07 €) |
451.74 kr (3.08 €) |
-39.27 % |
| Chicken Fillets (1 lb) |
911.80 kr (6.22 €) |
332.04 kr (2.26 €) |
-63.58 % |
| Beef Round (1 lb) (or Equivalent Back Leg Red Meat) |
1,545.29 kr (10.54 €) |
619.26 kr (4.22 €) |
-59.93 % |
| Apples (1 lb) |
143.57 kr (0.98 €) |
102.08 kr (0.70 €) |
-28.90 % |
| Banana (1 lb) |
136.97 kr (0.93 €) |
71.55 kr (0.49 €) |
-47.76 % |
| Oranges (1 lb) |
141.28 kr (0.96 €) |
81.17 kr (0.55 €) |
-42.55 % |
| Tomato (1 lb) |
273.88 kr (1.87 €) |
95.96 kr (0.65 €) |
-64.96 % |
| Potato (1 lb) |
144.53 kr (0.99 €) |
62.15 kr (0.42 €) |
-57.00 % |
| Onion (1 lb) |
94.26 kr (0.64 €) |
67.64 kr (0.46 €) |
-28.24 % |
| Lettuce (1 head) |
302.31 kr (2.06 €) |
140.18 kr (0.96 €) |
-53.63 % |
| Water (1.5 liter bottle) |
239.38 kr (1.63 €) |
77.75 kr (0.53 €) |
-67.52 % |
| Bottle of Wine (Mid-Range) |
2,550.00 kr (17.39 €) |
586.43 kr (4.00 €) |
-77.00 % |
| Domestic Beer (0.5 liter bottle) |
399.72 kr (2.73 €) |
153.00 kr (1.04 €) |
-61.72 % |
| Imported Beer (12 oz small bottle) |
389.20 kr (2.65 €) |
298.46 kr (2.04 €) |
-23.31 % |
| Cigarettes 20 Pack (Marlboro) |
1,489.50 kr (10.16 €) |
733.04 kr (5.00 €) |
-50.79 % |
Transportation | Iceland Edit |
Portugal Edit | |
| One-way Ticket (Local Transport) |
480.00 kr (3.27 €) |
234.57 kr (1.60 €) |
-51.13 % |
| Monthly Pass (Regular Price) |
12,800.00 kr (87.31 €) |
5,864.31 kr (40.00 €) |
-54.19 % |
| Taxi Start (Normal Tariff) |
695.00 kr (4.74 €) |
491.14 kr (3.35 €) |
-29.33 % |
| Taxi 1 mile (Normal Tariff) |
494.87 kr (3.38 €) |
143.92 kr (0.98 €) |
-70.92 % |
| Taxi 1hour Waiting (Normal Tariff) |
7,920.00 kr (54.02 €) |
2,199.12 kr (15.00 €) |
-72.23 % |
| Gasoline (1 gallon) |
852.33 kr (5.81 €) |
843.65 kr (5.75 €) |
-1.02 % |
| Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) |
3,790,000.00 kr (25,851.28 €) |
3,665,195.09 kr (25,000.00 €) |
-3.29 % |
| Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) |
4,272,400.00 kr (29,141.70 €) |
3,837,761.00 kr (26,177.06 €) |
-10.17 % |
Utilities (Monthly) | Iceland Edit |
Portugal Edit | |
| Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment |
14,827.72 kr (101.14 €) |
14,998.88 kr (102.31 €) |
+1.15 % |
| 1 min. of Prepaid Mobile Tariff Local (No Discounts or Plans) |
20.85 kr (0.14 €) |
23.26 kr (0.16 €) |
+11.57 % |
| Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) |
8,820.50 kr (60.16 €) |
4,897.23 kr (33.40 €) |
-44.48 % |
Sports And Leisure | Iceland Edit |
Portugal Edit | |
| Fitness Club, Monthly Fee for 1 Adult |
7,840.91 kr (53.48 €) |
4,743.14 kr (32.35 €) |
-39.51 % |
| Tennis Court Rent (1 Hour on Weekend) |
4,538.46 kr (30.96 €) |
1,759.08 kr (12.00 €) |
-61.24 % |
| Cinema, International Release, 1 Seat |
1,645.00 kr (11.22 €) |
1,026.25 kr (7.00 €) |
-37.61 % |
Childcare | Iceland Edit |
Portugal Edit | |
| Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child |
35,433.64 kr (241.69 €) |
50,333.34 kr (343.32 €) |
+42.05 % |
| International Primary School, Yearly for 1 Child |
679,500.00 kr (4,634.81 €) |
1,034,522.48 kr (7,056.39 €) |
+52.25 % |
Clothing And Shoes | Iceland Edit |
Portugal Edit | |
| 1 Pair of Jeans (Levis 501 Or Similar) |
15,286.67 kr (104.27 €) |
11,239.55 kr (76.66 €) |
-26.47 % |
| 1 Summer Dress in a Chain Store (Zara, H&M, ...) |
7,307.47 kr (49.84 €) |
4,263.27 kr (29.08 €) |
-41.66 % |
| 1 Pair of Nike Running Shoes (Mid-Range) |
19,727.12 kr (134.56 €) |
9,924.56 kr (67.69 €) |
-49.69 % |
| 1 Pair of Men Leather Business Shoes |
23,777.97 kr (162.19 €) |
11,615.88 kr (79.23 €) |
-51.15 % |
Rent Per Month | Iceland Edit |
Portugal Edit | |
| Apartment (1 bedroom) in City Centre |
181,630.43 kr (1,238.89 €) |
85,786.03 kr (585.14 €) |
-52.77 % |
| Apartment (1 bedroom) Outside of Centre |
153,892.83 kr (1,049.69 €) |
65,754.13 kr (448.50 €) |
-57.27 % |
| Apartment (3 bedrooms) in City Centre |
275,888.89 kr (1,881.82 €) |
144,657.00 kr (986.69 €) |
-47.57 % |
| Apartment (3 bedrooms) Outside of Centre |
241,050.00 kr (1,644.18 €) |
106,982.80 kr (729.72 €) |
-55.62 % |
Buy Apartment Price | Iceland Edit |
Portugal Edit | |
| Price per Square Feet to Buy Apartment in City Centre |
52,648.08 kr (359.11 €) |
35,789.26 kr (244.12 €) |
-32.02 % |
| Price per Square Feet to Buy Apartment Outside of Centre |
40,631.60 kr (277.14 €) |
22,606.27 kr (154.20 €) |
-44.36 % |
Salaries And Financing | Iceland Edit |
Portugal Edit | |
| Average Monthly Net Salary (After Tax) |
398,984.04 kr (2,721.44 €) |
121,328.00 kr (827.57 €) |
-69.59 % |
| Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate | 5.39 | 2.24 | -58.43 % |
| Last update: | June 2021 | June 2021 | |
| Contributors in the past 12 months: | 135 | 996 |
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