Cost of living comparison
Portugal is 23.0% cheaper than Iceland overall.
- Restaurants
-
pay 43.4% less in Portugal
- Groceries
-
pay 36.9% less in Portugal
- Transportation
-
pay 35.0% less in Portugal
- Housing
-
pay 22.3% less in Portugal
- Childcare
-
pay 72.1% more in Portugal
- Entertainment and Sports
-
pay 53.3% less in Portugal
- Clothing
-
pay 42.1% less in Portugal
Expenses including entertainment and sports, restaurants, clothing, groceries, transportation, and housing are lower in Portugal.
If you lived in Portugal instead of Iceland, you would:
pay 43.4% less for restaurants
|
Iceland
|
Portugal
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$19.40
ISK2,534
|
$11.32
€10.06
|
|
|
Fast food combo meal
McDonalds, or similar
|
$16.94
ISK2,213
|
$8.41
€7.47
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$2.81
ISK367
|
$1.67
€1.48
|
|
| Bottle of water (11 fl. oz) |
$2.02
ISK264
|
$1.20
€1.06
|
|
pay 36.9% less for groceries
|
Iceland
|
Portugal
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$2.95
ISK386
|
$1.34
€1.20
|
|
| Local cheese (8 oz) |
$7.27
ISK949
|
$5.06
€4.50
|
|
| Milk (1 gallon) |
$6.01
ISK784
|
$3.79
€3.37
|
|
|
Eggs
1 dozen
|
$5.42
ISK708
|
$2.88
€2.56
|
|
| Boneless chicken breast (1 lb) |
$8.51
ISK1,111
|
$3.25
€2.89
|
|
| Apples (1 lb) |
$1.22
ISK160
|
$0.99
€0.88
|
|
| Bananas (1 lb) |
$1.03
ISK134
|
$0.61
€0.54
|
|
| Oranges (1 lb) |
$1.17
ISK153
|
$0.76
€0.68
|
|
| Tomatoes (1 lb) |
$1.87
ISK245
|
$1.05
€0.93
|
|
| Potatoes (1 lb) |
$1.23
ISK161
|
$0.68
€0.60
|
|
| Onions (1 lb) |
$0.78
ISK102
|
$0.85
€0.76
|
|
pay 35.0% less for transportation
|
Iceland
|
Portugal
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$8.36
ISK1,092
|
$6.79
€6.03
|
|
| Monthly public transit pass |
$71.28
ISK9,310
|
$37.96
€33.74
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$40,660.66
ISK5,310,689
|
$31,047.67
€27,596.72
|
|
| Taxi trip in downtown area (5 miles) |
$22.04
ISK2,878
|
$10.80
€9.60
|
|
pay 22.3% less for housing
|
Iceland
|
Portugal
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$72.17
ISK9,427
|
$40.33
€35.85
|
|
| 1-Bedroom apartment in downtown area |
$1,838.04
ISK240,066
|
$900.66
€800.55
|
|
| 1-Bedroom apartment outside city center |
$1,497.77
ISK195,624
|
$732.72
€651.28
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$58.01
ISK7,577
|
$91.05
€80.93
|
|
pay 72.1% more for childcare
|
Iceland
|
Portugal
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$258.16
ISK33,719
|
$455.47
€404.84
|
|
| Middle school for 1 child, two semesters |
$5,993.99
ISK782,876
|
$10,051.70
€8,934.46
|
|
pay 53.3% less for entertainment and sports
|
Iceland
|
Portugal
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$9.19
ISK1,200
|
$2.23
€1.98
|
|
| Cappuccino in mid-range area |
$4.65
ISK607
|
$1.85
€1.64
|
|
|
Pack of cigarettes
Marlboro or similar
|
$11.76
ISK1,535
|
$5.67
€5.04
|
|
| Monthly membership at local gym |
$61.46
ISK8,027
|
$40.99
€36.43
|
|
| Movie ticket to theater/cinema |
$14.35
ISK1,874
|
$7.85
€6.98
|
|
pay 42.1% less for clothing
|
Iceland
|
Portugal
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$111.23
ISK14,528
|
$77.92
€69.26
|
|
|
Regular dress
from H&M or similar store
|
$59.69
ISK7,796
|
$33.75
€30.00
|
|
|
Running shoes
Nike or Adidas
|
$148.00
ISK19,330
|
$80.24
€71.32
|
|
| Men's business shoes (leather) |
$184.49
ISK24,097
|
$93.85
€83.42
|
|
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