Cost of living comparison
Iceland is 62.6% more expensive than Portugal.
If you lived in Iceland instead of Portugal, you would:
pay 75.5% more for restaurants
|
Portugal
|
Iceland
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$10.94
€10.06
|
$19.51
ISK2,682
|
|
|
Fast food combo meal
McDonalds, or similar
|
$8.34
€7.67
|
$16.45
ISK2,261
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$1.68
€1.54
|
$2.70
ISK372
|
|
| Bottle of water (11 fl. oz) |
$1.18
€1.09
|
$1.95
ISK269
|
|
pay 62.5% more for groceries
|
Portugal
|
Iceland
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$1.52
€1.39
|
$3.16
ISK434
|
|
| Local cheese (8 oz) |
$5.43
€4.99
|
$6.72
ISK923
|
|
| Milk (1 gallon) |
$3.81
€3.50
|
$6.27
ISK862
|
|
|
Eggs
1 dozen
|
$2.88
€2.65
|
$6.03
ISK829
|
|
| Boneless chicken breast (1 lb) |
$3.25
€2.99
|
$7.60
ISK1,045
|
|
| Apples (1 lb) |
$0.93
€0.86
|
$1.13
ISK155
|
|
| Bananas (1 lb) |
$0.60
€0.56
|
$1.01
ISK139
|
|
| Oranges (1 lb) |
$0.81
€0.74
|
$1.15
ISK159
|
|
| Tomatoes (1 lb) |
$1.06
€0.98
|
$1.71
ISK235
|
|
| Potatoes (1 lb) |
$0.64
€0.59
|
$1.13
ISK155
|
|
| Onions (1 lb) |
$0.86
€0.79
|
$0.68
ISK94
|
|
pay 64.5% more for transportation
|
Portugal
|
Iceland
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$6.92
€6.37
|
$8.42
ISK1,157
|
|
| Monthly public transit pass |
$38.18
€35.11
|
$68.29
ISK9,387
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$32,478.09
€29,866.30
|
$39,714.69
ISK5,458,784
|
|
| Taxi trip in downtown area (5 miles) |
$9.87
€9.07
|
$23.23
ISK3,193
|
|
pay 57.2% more for housing
|
Portugal
|
Iceland
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$40.03
€36.81
|
$74.47
ISK10,236
|
|
| 1-Bedroom apartment in downtown area |
$868.97
€799.09
|
$1,518.94
ISK208,778
|
|
| 1-Bedroom apartment outside city center |
$680.04
€625.36
|
$1,325.48
ISK182,187
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$91.68
€84.31
|
$66.99
ISK9,208
|
|
pay 29.5% less for childcare
|
Portugal
|
Iceland
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$397.00
€365.08
|
$254.97
ISK35,045
|
|
| Middle school for 1 child, two semesters |
$7,801.09
€7,173.75
|
$5,993.83
ISK823,851
|
|
pay 2.4 times more for entertainment and sports
|
Portugal
|
Iceland
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$2.32
€2.13
|
$9.37
ISK1,288
|
|
| Cappuccino in mid-range area |
$1.79
€1.65
|
$4.61
ISK634
|
|
|
Pack of cigarettes
Marlboro or similar
|
$5.63
€5.18
|
$11.22
ISK1,542
|
|
| Monthly membership at local gym |
$40.44
€37.19
|
$60.00
ISK8,247
|
|
| Movie ticket to theater/cinema |
$7.87
€7.24
|
$13.94
ISK1,916
|
|
pay 71.0% more for clothing
|
Portugal
|
Iceland
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$73.48
€67.57
|
$108.23
ISK14,877
|
|
|
Regular dress
from H&M or similar store
|
$33.58
€30.88
|
$59.73
ISK8,210
|
|
|
Running shoes
Nike or Adidas
|
$79.41
€73.02
|
$146.94
ISK20,197
|
|
| Men's business shoes (leather) |
$97.29
€89.46
|
$169.24
ISK23,262
|
|
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