Cost of Living Comparison Between Iceland and Portugal 
| Indices Difference |  |
|---|---|
| Consumer Prices in Portugal are 49.1% lower than in Iceland (without rent) | |
| Consumer Prices Including Rent in Portugal are 48.5% lower than in Iceland | |
| Rent Prices in Portugal are 47.2% lower than in Iceland | |
| Restaurant Prices in Portugal are 58.0% lower than in Iceland | |
| Groceries Prices in Portugal are 55.6% lower than in Iceland | |
| Local Purchasing Power in Portugal is 50.1% lower than in Iceland | |
Restaurants | Iceland Edit |
Portugal Edit | Difference |
|---|---|---|---|
| Meal, Inexpensive Restaurant |
2,500.00 kr (17.21 €) |
1,307.51 kr (9.00 €) |
-47.7 % |
| Meal for 2 People, Mid-range Restaurant, Three-course |
15,750.00 kr (108.41 €) |
5,811.15 kr (40.00 €) |
-63.1 % |
| McMeal at McDonalds (or Equivalent Combo Meal) |
2,100.00 kr (14.45 €) |
1,016.95 kr (7.00 €) |
-51.6 % |
| Domestic Beer (1 pint draught) |
1,300.00 kr (8.95 €) |
290.56 kr (2.00 €) |
-77.6 % |
| Imported Beer (12 oz small bottle) |
1,000.00 kr (6.88 €) |
319.61 kr (2.20 €) |
-68.0 % |
| Cappuccino (regular) |
627.58 kr (4.32 €) |
211.02 kr (1.45 €) |
-66.4 % |
| Coke/Pepsi (12 oz small bottle) |
377.88 kr (2.60 €) |
208.52 kr (1.44 €) |
-44.8 % |
| Water (12 oz small bottle) |
288.43 kr (1.99 €) |
150.92 kr (1.04 €) |
-47.7 % |
Markets | Iceland Edit |
Portugal Edit | |
| Milk (regular), (1 gallon) |
804.14 kr (5.54 €) |
465.94 kr (3.21 €) |
-42.1 % |
| Loaf of Fresh White Bread (1 lb) |
421.45 kr (2.90 €) |
164.29 kr (1.13 €) |
-61.0 % |
| Rice (white), (1 lb) |
191.08 kr (1.32 €) |
78.73 kr (0.54 €) |
-58.8 % |
| Eggs (regular) (12) |
796.45 kr (5.48 €) |
351.36 kr (2.42 €) |
-55.9 % |
| Local Cheese (1 lb) |
855.77 kr (5.89 €) |
559.66 kr (3.85 €) |
-34.6 % |
| Chicken Fillets (1 lb) |
1,124.95 kr (7.74 €) |
410.98 kr (2.83 €) |
-63.5 % |
| Beef Round (1 lb) (or Equivalent Back Leg Red Meat) |
1,799.25 kr (12.38 €) |
683.12 kr (4.70 €) |
-62.0 % |
| Apples (1 lb) |
192.86 kr (1.33 €) |
118.94 kr (0.82 €) |
-38.3 % |
| Banana (1 lb) |
141.70 kr (0.98 €) |
78.20 kr (0.54 €) |
-44.8 % |
| Oranges (1 lb) |
163.01 kr (1.12 €) |
91.51 kr (0.63 €) |
-43.9 % |
| Tomato (1 lb) |
293.61 kr (2.02 €) |
124.58 kr (0.86 €) |
-57.6 % |
| Potato (1 lb) |
176.31 kr (1.21 €) |
79.95 kr (0.55 €) |
-54.7 % |
| Onion (1 lb) |
97.05 kr (0.67 €) |
88.19 kr (0.61 €) |
-9.1 % |
| Lettuce (1 head) |
405.71 kr (2.79 €) |
165.93 kr (1.14 €) |
-59.1 % |
| Water (1.5 liter bottle) |
277.61 kr (1.91 €) |
86.43 kr (0.59 €) |
-68.9 % |
| Bottle of Wine (Mid-Range) |
2,700.00 kr (18.58 €) |
581.12 kr (4.00 €) |
-78.5 % |
| Domestic Beer (0.5 liter bottle) |
430.47 kr (2.96 €) |
158.54 kr (1.09 €) |
-63.2 % |
| Imported Beer (12 oz small bottle) |
365.93 kr (2.52 €) |
278.08 kr (1.91 €) |
-24.0 % |
| Cigarettes 20 Pack (Marlboro) |
1,600.00 kr (11.01 €) |
740.92 kr (5.10 €) |
-53.7 % |
Transportation | Iceland Edit |
Portugal Edit | |
| One-way Ticket (Local Transport) |
550.00 kr (3.79 €) |
254.24 kr (1.75 €) |
-53.8 % |
| Monthly Pass (Regular Price) |
9,000.00 kr (61.95 €) |
5,811.15 kr (40.00 €) |
-35.4 % |
| Taxi Start (Normal Tariff) |
730.00 kr (5.02 €) |
508.48 kr (3.50 €) |
-30.3 % |
| Taxi 1 mile (Normal Tariff) |
532.69 kr (3.67 €) |
176.33 kr (1.21 €) |
-66.9 % |
| Taxi 1hour Waiting (Normal Tariff) |
9,177.00 kr (63.17 €) |
2,179.18 kr (15.00 €) |
-76.3 % |
| Gasoline (1 gallon) |
1,182.36 kr (8.14 €) |
1,023.23 kr (7.04 €) |
-13.5 % |
| Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) |
5,000,000.00 kr (34,416.59 €) |
4,067,806.00 kr (28,000.00 €) |
-18.6 % |
| Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) |
5,584,937.50 kr (38,442.90 €) |
4,148,260.84 kr (28,553.80 €) |
-25.7 % |
Utilities (Monthly) | Iceland Edit |
Portugal Edit | |
| Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment |
14,835.34 kr (102.12 €) |
16,000.91 kr (110.14 €) |
+7.9 % |
| Mobile Phone Monthly Plan with Calls and 10GB+ Data |
3,152.67 kr (21.70 €) |
2,710.52 kr (18.66 €) |
-14.0 % |
| Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) |
9,486.86 kr (65.30 €) |
5,170.68 kr (35.59 €) |
-45.5 % |
Sports And Leisure | Iceland Edit |
Portugal Edit | |
| Fitness Club, Monthly Fee for 1 Adult |
8,760.94 kr (60.30 €) |
5,045.68 kr (34.73 €) |
-42.4 % |
| Tennis Court Rent (1 Hour on Weekend) |
4,248.33 kr (29.24 €) |
1,619.40 kr (11.15 €) |
-61.9 % |
| Cinema, International Release, 1 Seat |
1,925.00 kr (13.25 €) |
1,016.95 kr (7.00 €) |
-47.2 % |
Childcare | Iceland Edit |
Portugal Edit | |
| Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child |
35,801.00 kr (246.43 €) |
51,851.74 kr (356.91 €) |
+44.8 % |
| International Primary School, Yearly for 1 Child |
776,250.00 kr (5,343.18 €) |
1,099,655.88 kr (7,569.28 €) |
+41.7 % |
Clothing And Shoes | Iceland Edit |
Portugal Edit | |
| 1 Pair of Jeans (Levis 501 Or Similar) |
15,655.64 kr (107.76 €) |
10,526.05 kr (72.45 €) |
-32.8 % |
| 1 Summer Dress in a Chain Store (Zara, H&M, ...) |
6,489.76 kr (44.67 €) |
4,442.03 kr (30.58 €) |
-31.6 % |
| 1 Pair of Nike Running Shoes (Mid-Range) |
20,376.77 kr (140.26 €) |
9,912.41 kr (68.23 €) |
-51.4 % |
| 1 Pair of Men Leather Business Shoes |
25,153.41 kr (173.14 €) |
11,381.36 kr (78.34 €) |
-54.8 % |
Rent Per Month | Iceland Edit |
Portugal Edit | |
| Apartment (1 bedroom) in City Centre |
223,510.74 kr (1,538.50 €) |
115,872.09 kr (797.58 €) |
-48.2 % |
| Apartment (1 bedroom) Outside of Centre |
194,765.54 kr (1,340.63 €) |
88,865.99 kr (611.69 €) |
-54.4 % |
| Apartment (3 bedrooms) in City Centre |
328,600.00 kr (2,261.86 €) |
194,853.43 kr (1,341.24 €) |
-40.7 % |
| Apartment (3 bedrooms) Outside of Centre |
286,051.28 kr (1,968.98 €) |
145,985.35 kr (1,004.86 €) |
-49.0 % |
Buy Apartment Price | Iceland Edit |
Portugal Edit | |
| Price per Square Feet to Buy Apartment in City Centre |
72,928.99 kr (501.99 €) |
39,168.93 kr (269.61 €) |
-46.3 % |
| Price per Square Feet to Buy Apartment Outside of Centre |
57,992.31 kr (399.18 €) |
26,020.02 kr (179.10 €) |
-55.1 % |
Salaries And Financing | Iceland Edit |
Portugal Edit | |
| Average Monthly Net Salary (After Tax) |
577,823.40 kr (3,977.34 €) |
148,464.11 kr (1,021.93 €) |
-74.3 % |
| Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate | 6.76 | 3.85 | -43.1 % |
| Last update: | September 2023 | September 2023 | |
| Contributors in the past 12 months: | 276 | 1618 |
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