Cost of Living Comparison Between Portugal and Iceland 
| Indices Difference |  |
|---|---|
| Consumer Prices in Iceland are 84.1% higher than in Portugal (without rent) | |
| Consumer Prices Including Rent in Iceland are 77.5% higher than in Portugal | |
| Rent Prices in Iceland are 63.9% higher than in Portugal | |
| Restaurant Prices in Iceland are 133.3% higher than in Portugal | |
| Groceries Prices in Iceland are 101.9% higher than in Portugal | |
| Local Purchasing Power in Iceland is 103.2% higher than in Portugal | |
Restaurants | Portugal Edit |
Iceland Edit | Difference |
|---|---|---|---|
| Meal, Inexpensive Restaurant |
10.00 € (1,501.13 kr) |
19.99 € (3,000.00 kr) |
+99.9 % |
| Meal for 2 People, Mid-range Restaurant, Three-course |
40.00 € (6,004.50 kr) |
109.32 € (16,410.20 kr) |
+173.3 % |
| McMeal at McDonalds (or Equivalent Combo Meal) |
8.00 € (1,200.90 kr) |
15.32 € (2,299.00 kr) |
+91.4 % |
| Domestic Beer (1 pint draught) |
2.50 € (375.28 kr) |
9.33 € (1,400.00 kr) |
+273.1 % |
| Imported Beer (12 oz small bottle) |
3.00 € (450.34 kr) |
7.99 € (1,200.00 kr) |
+166.5 % |
| Cappuccino (regular) |
1.78 € (266.59 kr) |
4.51 € (676.87 kr) |
+153.9 % |
| Coke/Pepsi (12 oz small bottle) |
1.57 € (235.46 kr) |
2.61 € (392.05 kr) |
+66.5 % |
| Water (12 oz small bottle) |
1.11 € (166.95 kr) |
1.94 € (290.69 kr) |
+74.1 % |
Markets | Portugal Edit |
Iceland Edit | |
| Milk (regular), (1 gallon) |
3.51 € (527.40 kr) |
5.61 € (842.21 kr) |
+59.7 % |
| Loaf of Fresh White Bread (1 lb) |
1.25 € (187.57 kr) |
2.90 € (436.03 kr) |
+132.5 % |
| Rice (white), (1 lb) |
0.62 € (92.41 kr) |
1.32 € (198.48 kr) |
+114.8 % |
| Eggs (regular) (12) |
2.73 € (409.59 kr) |
5.30 € (795.54 kr) |
+94.2 % |
| Local Cheese (1 lb) |
4.50 € (675.70 kr) |
6.10 € (916.39 kr) |
+35.6 % |
| Chicken Fillets (1 lb) |
3.10 € (465.78 kr) |
7.76 € (1,164.19 kr) |
+149.9 % |
| Beef Round (1 lb) (or Equivalent Back Leg Red Meat) |
5.32 € (798.33 kr) |
12.96 € (1,944.92 kr) |
+143.6 % |
| Apples (1 lb) |
0.89 € (134.17 kr) |
1.31 € (197.02 kr) |
+46.8 % |
| Banana (1 lb) |
0.57 € (86.03 kr) |
0.92 € (138.32 kr) |
+60.8 % |
| Oranges (1 lb) |
0.72 € (108.48 kr) |
1.14 € (171.22 kr) |
+57.8 % |
| Tomato (1 lb) |
1.00 € (150.51 kr) |
1.95 € (292.63 kr) |
+94.4 % |
| Potato (1 lb) |
0.66 € (99.78 kr) |
1.28 € (192.77 kr) |
+93.2 % |
| Onion (1 lb) |
0.79 € (117.95 kr) |
0.80 € (120.37 kr) |
+2.1 % |
| Lettuce (1 head) |
1.37 € (205.73 kr) |
2.89 € (434.00 kr) |
+111.0 % |
| Water (1.5 liter bottle) |
0.68 € (102.82 kr) |
1.96 € (293.65 kr) |
+185.6 % |
| Bottle of Wine (Mid-Range) |
4.99 € (749.06 kr) |
18.32 € (2,750.00 kr) |
+267.1 % |
| Domestic Beer (0.5 liter bottle) |
1.11 € (165.98 kr) |
2.93 € (439.70 kr) |
+164.9 % |
| Imported Beer (12 oz small bottle) |
2.04 € (306.49 kr) |
2.46 € (369.58 kr) |
+20.6 % |
| Cigarettes 20 Pack (Marlboro) |
5.30 € (795.60 kr) |
10.66 € (1,600.00 kr) |
+101.1 % |
Transportation | Portugal Edit |
Iceland Edit | |
| One-way Ticket (Local Transport) |
2.00 € (300.23 kr) |
3.80 € (570.00 kr) |
+89.9 % |
| Monthly Pass (Regular Price) |
40.00 € (6,004.50 kr) |
61.95 € (9,300.00 kr) |
+54.9 % |
| Taxi Start (Normal Tariff) |
3.50 € (525.39 kr) |
4.86 € (730.00 kr) |
+38.9 % |
| Taxi 1 mile (Normal Tariff) |
1.29 € (193.27 kr) |
3.47 € (521.43 kr) |
+169.8 % |
| Taxi 1hour Waiting (Normal Tariff) |
15.00 € (2,251.69 kr) |
62.35 € (9,360.00 kr) |
+315.7 % |
| Gasoline (1 gallon) |
6.50 € (975.50 kr) |
7.84 € (1,176.35 kr) |
+20.6 % |
| Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) |
29,763.00 € (4,467,800.21 kr) |
34,607.36 € (5,195,000.00 kr) |
+16.3 % |
| Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) |
33,758.16 € (5,067,524.18 kr) |
39,008.35 € (5,855,642.86 kr) |
+15.6 % |
Utilities (Monthly) | Portugal Edit |
Iceland Edit | |
| Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment |
111.50 € (16,737.99 kr) |
98.39 € (14,770.31 kr) |
-11.8 % |
| Mobile Phone Monthly Plan with Calls and 10GB+ Data |
19.03 € (2,856.78 kr) |
22.12 € (3,320.53 kr) |
+16.2 % |
| Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) |
36.76 € (5,518.24 kr) |
65.72 € (9,865.84 kr) |
+78.8 % |
Sports And Leisure | Portugal Edit |
Iceland Edit | |
| Fitness Club, Monthly Fee for 1 Adult |
36.27 € (5,443.89 kr) |
59.06 € (8,865.14 kr) |
+62.8 % |
| Tennis Court Rent (1 Hour on Weekend) |
12.41 € (1,863.43 kr) |
28.30 € (4,248.33 kr) |
+128.0 % |
| Cinema, International Release, 1 Seat |
7.50 € (1,125.84 kr) |
13.32 € (2,000.00 kr) |
+77.6 % |
Childcare | Portugal Edit |
Iceland Edit | |
| Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child |
401.28 € (60,237.14 kr) |
250.07 € (37,538.56 kr) |
-37.7 % |
| International Primary School, Yearly for 1 Child |
9,379.21 € (1,407,937.72 kr) |
5,171.12 € (776,250.00 kr) |
-44.9 % |
Clothing And Shoes | Portugal Edit |
Iceland Edit | |
| 1 Pair of Jeans (Levis 501 Or Similar) |
71.76 € (10,771.69 kr) |
108.01 € (16,213.77 kr) |
+50.5 % |
| 1 Summer Dress in a Chain Store (Zara, H&M, ...) |
31.61 € (4,745.52 kr) |
47.26 € (7,093.68 kr) |
+49.5 % |
| 1 Pair of Nike Running Shoes (Mid-Range) |
72.33 € (10,857.19 kr) |
139.85 € (20,993.55 kr) |
+93.4 % |
| 1 Pair of Men Leather Business Shoes |
82.76 € (12,423.39 kr) |
165.59 € (24,857.73 kr) |
+100.1 % |
Rent Per Month | Portugal Edit |
Iceland Edit | |
| Apartment (1 bedroom) in City Centre |
937.21 € (140,687.69 kr) |
1,616.92 € (242,720.26 kr) |
+72.5 % |
| Apartment (1 bedroom) Outside of Centre |
727.87 € (109,263.09 kr) |
1,439.32 € (216,060.18 kr) |
+97.7 % |
| Apartment (3 bedrooms) in City Centre |
1,646.07 € (247,095.18 kr) |
2,272.12 € (341,073.17 kr) |
+38.0 % |
| Apartment (3 bedrooms) Outside of Centre |
1,194.62 € (179,327.60 kr) |
2,058.46 € (309,000.00 kr) |
+72.3 % |
Buy Apartment Price | Portugal Edit |
Iceland Edit | |
| Price per Square Feet to Buy Apartment in City Centre |
282.36 € (42,385.99 kr) |
496.49 € (74,530.04 kr) |
+75.8 % |
| Price per Square Feet to Buy Apartment Outside of Centre |
188.23 € (28,255.60 kr) |
404.59 € (60,733.73 kr) |
+114.9 % |
Salaries And Financing | Portugal Edit |
Iceland Edit | |
| Average Monthly Net Salary (After Tax) |
1,069.60 € (160,559.93 kr) |
3,858.04 € (579,140.96 kr) |
+260.7 % |
| Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate | 4.43 | 7.37 | +66.4 % |
| Last update: | April 2024 | April 2024 | |
| Contributors in the past 12 months: | 1270 | 197 |
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