Cost of living comparison
Iceland is 63.7% more expensive than Portugal.
If you lived in Iceland instead of Portugal, you would:
pay 77.6% more for restaurants
|
Portugal
|
Iceland
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$11.32
€10.78
|
$19.40
ISK2,691
|
|
|
Fast food combo meal
McDonalds, or similar
|
$8.41
€8.01
|
$16.94
ISK2,350
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$1.67
€1.59
|
$2.81
ISK390
|
|
| Bottle of water (11 fl. oz) |
$1.20
€1.14
|
$2.02
ISK280
|
|
pay 70.1% more for groceries
|
Portugal
|
Iceland
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$1.34
€1.28
|
$2.95
ISK410
|
|
| Local cheese (8 oz) |
$5.06
€4.82
|
$7.27
ISK1,008
|
|
| Milk (1 gallon) |
$3.79
€3.61
|
$6.01
ISK833
|
|
|
Eggs
1 dozen
|
$2.88
€2.74
|
$5.42
ISK752
|
|
| Boneless chicken breast (1 lb) |
$3.25
€3.09
|
$8.51
ISK1,180
|
|
| Apples (1 lb) |
$0.99
€0.94
|
$1.22
ISK170
|
|
| Bananas (1 lb) |
$0.61
€0.58
|
$1.03
ISK142
|
|
| Oranges (1 lb) |
$0.76
€0.72
|
$1.17
ISK162
|
|
| Tomatoes (1 lb) |
$1.05
€1.00
|
$1.87
ISK260
|
|
| Potatoes (1 lb) |
$0.68
€0.65
|
$1.23
ISK171
|
|
| Onions (1 lb) |
$0.85
€0.81
|
$0.78
ISK109
|
|
pay 61.5% more for transportation
|
Portugal
|
Iceland
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$6.79
€6.47
|
$8.36
ISK1,160
|
|
| Monthly public transit pass |
$37.96
€36.15
|
$71.28
ISK9,888
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$31,047.67
€29,563.59
|
$40,660.66
ISK5,640,447
|
|
| Taxi trip in downtown area (5 miles) |
$10.80
€10.29
|
$22.04
ISK3,057
|
|
pay 62.8% more for housing
|
Portugal
|
Iceland
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$40.33
€38.41
|
$72.17
ISK10,012
|
|
| 1-Bedroom apartment in downtown area |
$900.66
€857.61
|
$1,838.04
ISK254,973
|
|
| 1-Bedroom apartment outside city center |
$732.72
€697.70
|
$1,497.77
ISK207,771
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$91.05
€86.69
|
$58.01
ISK8,048
|
|
pay 41.8% less for childcare
|
Portugal
|
Iceland
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$455.47
€433.70
|
$258.16
ISK35,813
|
|
| Middle school for 1 child, two semesters |
$10,051.70
€9,571.23
|
$5,993.99
ISK831,487
|
|
pay 2.4 times more for entertainment and sports
|
Portugal
|
Iceland
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$2.23
€2.12
|
$9.19
ISK1,275
|
|
| Cappuccino in mid-range area |
$1.85
€1.76
|
$4.65
ISK645
|
|
|
Pack of cigarettes
Marlboro or similar
|
$5.67
€5.40
|
$11.76
ISK1,631
|
|
| Monthly membership at local gym |
$40.99
€39.03
|
$61.46
ISK8,526
|
|
| Movie ticket to theater/cinema |
$7.85
€7.48
|
$14.35
ISK1,990
|
|
pay 75.2% more for clothing
|
Portugal
|
Iceland
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$77.92
€74.19
|
$111.23
ISK15,430
|
|
|
Regular dress
from H&M or similar store
|
$33.75
€32.13
|
$59.69
ISK8,280
|
|
|
Running shoes
Nike or Adidas
|
$80.24
€76.40
|
$148.00
ISK20,530
|
|
| Men's business shoes (leather) |
$93.85
€89.37
|
$184.49
ISK25,593
|
|
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