Lisbon vs Reykjavik - Cost of Living Comparison

Updated: March 01, 2024

	Lisbon	Reykjavik
🚶 Cost of living one person	$1694	$2723
👨‍👩‍👧‍👦 Cost of living Family	$3935	$5671
🏠 One person rent	$1058	$1643
🏘️ Family rent	$1856	$2600
🍽️ Food expenses	$402	$800
🚐 Transport expenses	$91.7	$86.1
💳 Monthly salary after tax	$1220	$3682
😷 Air quality	Excellent	Excellent
✈️ Airport proximity	8 km	4 km
🎓 Higher education	93	53
😀 Quality of life	82	89
🏙️ Population	546K	140K

The cost of living in Lisbon is 38% less expensive than in Reykjavik. Cities ranked 2695th and 344th ($1694 vs $2723) in the list of the most expensive cities in the world and ranked 2nd and 1st in Portugal and Iceland, respectively. Check Portugal vs Iceland comparison.

The average after-tax salary is enough to cover living expenses for 0.7 months in Lisbon compared to 1.4 months in Reykjavik. Lisbon ranked 2nd best city to live in Portugal vs Reykjavik ranked 1st in Iceland, while ranked 372nd and 152nd among best cities to live in the world.

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the estimated difference in money purchasing power

Cost of living in Lisbon vs Reykjavik infographic

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Prices in Lisbon vs Reykjavik

Prices for goods and services in Lisbon and Reykjavik are partly crowdsourced by our visitors, just like yourself. Please consider telling us about your city.

	Lisbon	Reykjavik
Eating Out
🍱 Lunch Menu	$12.3	$21.6
🥂 Dinner in a Restaurant, for 2	$50.2	$125
🥪 Fast food meal, equiv. McDonald's	$9.4	$16.9
🍻 Beer in a Pub, 0.5 L or 16 fl oz	$2.92	$10.9
☕ Cappuccino	$3.15	$5.05
🥤 Pepsi / Coke, 0.5 L or 16.9 fl oz	$1.85	$2.94
Rent & Utilities
🏙️ 1 bedroom apartment in Downtown, 40 m2 or 430 ft2	$1224	$1659
🏡 Cheap 1 bedroom apartment, 40 m2 or 430 ft2	$830	$1492
🏙️ 3 bedroom apartment in Downtown, 80 m2 or 860 ft2	$2252	$2694
🏡 Cheap 3 bedroom apartment, 80 m2 or 860 ft2	$1498	$2395
🔌 Utility Bill one person, electricity, heating, water, etc.	$108	$52.4
🔌 Utility Bill for a Family, electricity, heating, water, etc.	$166	$80.5
🌐 Internet plan, 50 Mbps+ 1 month unlimited	$40.7	$64.8
🏦 Mortgage Interest Rate for 20 Years	4.18%	8.07%
🏙️ Apartment price to Buy in city Center, 1 m2 or 10 ft2	$5778	$6252
🏡 House price to Buy in Suburbs, 1 m2 or 10 ft2	$3415	$4951
Transportation
🚌 Local transport ticket	$2.16	$4.13
🎟️ Monthly ticket local transport	$43.2	$66.6
🚕 Taxi Ride, 8 km or 5 mi	$11.4	$26.3
⛽ Gas / Petrol, 1 L or 0.26 gal	$1.97	$2.28
Groceries
🥛 Milk, 1 L or 1 qt	$1.04	$1.65
🍞 Bread, 0.5 kg or 1.1 lb	$1.36	$3.71
🍚 Rice, 1 kg or 2.2 lb	$1.4	$3.27
🥚 Eggs, x12	$3.2	$6.03
🧀 Cheese, 1 kg or 2.2 lb	$11.2	$15.4
🐔 Chicken Breast, 1 kg or 2.2 lb	$7.8	$19.8
🥩 Round Steak, 1 kg or 2.2 lb	$13.4	$31
🍏 Apples, 1 kg or 2.2 lb	$2.39	$3.2
🍌 Banana, 1 kg or 2.2 lb	$1.46	$2.12
🍊 Oranges, 1 kg or 2.2 lb	$1.87	$2.81
🍅 Tomato, 1 kg or 2.2 lb	$2.48	$4.84
🥔 Potato, 1 kg or 2.2 lb	$1.89	$3.07
🧅 Onion, 1 kg or 2.2 lb	$1.87	$2.14
🌊 Water, 1 L or 1 qt	$0.56	$1.44
🍹 Coca-Cola / Pepsi, 2 L or 67.6 fl oz	$2.22	$2.53
🍾 Wine (mid-priced), 750 mL bottle	$5.87	$20
🍺 Beer, 0.5 L or 16 fl oz	$1.28	$3.08
🚬 Cigarette pack	$5.87	$11.8
💊 Cold medicince, 1 week	$8.18	$11.6
🧴 Hair Shampoo	$5.05	$5.21
🧻 Toilet paper, 4 rolls	$3	$4.67
👄 Toothpaste, 1 tube	$2.67	$3.24
Other
🏋️ Gym Membership, 1 month	$39.9	$63.3
🎫 Cinema Ticket, 1 person	$8.44	$14.5
👩‍⚕️ Doctor's visit	$93.4	$83
💇 Haircut, simple	$19.2	$37.2
👖 Brand Jeans	$84.8	$105
👟 Brand Sneakers	$89.8	$142
👶 Daycare or Preschool, 1 month	$570	$239
🏫 International Primary School, 1 year	$14616	$6072

Cost of living in other countries

Cost of living

Cost of Living in the nearest cities

Cities near Lisbon

Distance	City	Cost of living
4.1 km or 2.6 mi	Almada	$1674
6.9 km or 4.3 mi	Amadora	$1379
8.8 km or 5.5 mi	Queluz	$1331
9.4 km or 5.8 mi	Odivelas	$1415
10 km or 6.3 mi	Barreiro	$1318
11 km or 6.7 mi	Amora	$1240
12 km or 7.3 mi	Seixal	$1295
12 km or 7.4 mi	Oeiras	$1423
13 km or 8 mi	Agualva-Cacem	$1381
13 km or 8.1 mi	Loures	$1408
17 km or 10 mi	Montijo	$1438
18 km or 11 mi	Moita	$1347
18 km or 11 mi	Algueirao-Mem Martins	$1412
21 km or 13 mi	Sintra	$1463
22 km or 14 mi	Cascais	$1682
28 km or 17 mi	Mafra	$1360
29 km or 18 mi	Palmela	$1328
30 km or 19 mi	Vila Franca de Xira	$1204
31 km or 19 mi	Sesimbra	$1310
32 km or 20 mi	Setubal	$1356
39 km or 24 mi	Alenquer	$1258
42 km or 26 mi	Torres Vedras	$1283
42 km or 26 mi	Benavente	$1270
47 km or 29 mi	Azambuja	$1251
47 km or 29 mi	Salvaterra de Magos	$1260
58 km or 36 mi	Cartaxo	$1223
61 km or 38 mi	Lourinha	$1214
71 km or 44 mi	Santarem	$1156
72 km or 45 mi	Almeirim	$1176
73 km or 45 mi	Peniche	$1192
77 km or 48 mi	Caldas da Rainha	$1103
90 km or 56 mi	Santiago do Cacem	$1303
94 km or 58 mi	Alcobaca	$1202
101 km or 63 mi	Torres Novas	$1181
103 km or 64 mi	Porto de Mos	$1237
111 km or 69 mi	Evora	$1024
115 km or 72 mi	Ourem	$1199
117 km or 72 mi	Marinha Grande	$1257
118 km or 73 mi	Tomar	$1114
118 km or 73 mi	Abrantes	$1202

Cities near Reykjavik

Distance	City	Cost of living
6.8 km or 4.2 mi	Kopavogur	$2304
9.8 km or 6.1 mi	Hafnarfjorur	$2460
38 km or 24 mi	Keflavik	$2023
247 km or 153 mi	Akureyri	$2011
795 km or 494 mi	Torshavn	$1952
1204 km or 748 mi	Inverness	$1629
1230 km or 764 mi	Elgin	$1554
1300 km or 808 mi	Derry	$1662
1309 km or 813 mi	Greenock	$1524
1321 km or 821 mi	Aberdeen	$1681
1325 km or 823 mi	Perth	$1537
1328 km or 825 mi	Stirling	$1659
1331 km or 827 mi	Paisley	$1734
1333 km or 828 mi	Alloa	$1670
1337 km or 831 mi	Glasgow	$1884
1339 km or 832 mi	Dundee	$1527
1340 km or 833 mi	Omagh	$1642
1341 km or 833 mi	Cumbernauld	$1803
1342 km or 834 mi	Irvine	$1514
1348 km or 838 mi	East Kilbride	$1748
1349 km or 838 mi	Kilmarnock	$1399
1351 km or 839 mi	Dunfermline	$1693
1353 km or 841 mi	Hamilton	$1731
1357 km or 843 mi	Ayr	$1520
1360 km or 845 mi	Kirkcaldy	$1800
1365 km or 848 mi	Livingston	$1651
1372 km or 852 mi	Edinburgh	$2043
1382 km or 859 mi	Newtownabbey	$1666
1387 km or 862 mi	Belfast	$1741
1390 km or 864 mi	Bangor	$1305
1391 km or 864 mi	Lisburn	$1643
1401 km or 871 mi	Alesund	$1539
1413 km or 878 mi	Galway	$2244
1425 km or 886 mi	Dundalk	$1869
1431 km or 889 mi	Dumfries	$1723
1433 km or 891 mi	Nuuk	$2175
1441 km or 895 mi	Molde	$1928
1454 km or 903 mi	Kristiansund	$1632
1455 km or 904 mi	Drogheda	$2391
1455 km or 904 mi	Bergen	$1991