Cost of living comparison
Lisbon is 8.2% cheaper than Reykjavik.
- Restaurants
-
pay 39.2% less in Lisbon
- Groceries
-
pay 37.8% less in Lisbon
- Transportation
-
pay 35.3% less in Lisbon
- Housing
-
pay 2.5% less in Lisbon
- Childcare
-
pay 2.4 times more in Lisbon
- Entertainment and Sports
-
pay 50.7% less in Lisbon
- Clothing
-
pay 33.7% less in Lisbon
Expenses including entertainment and sports, restaurants, groceries, transportation, clothing, and housing are lower in Lisbon. Notably, childcare is significantly more expensive in Lisbon.
If you lived in Lisbon instead of Reykjavik, you would:
pay 39.2% less for restaurants
Reykjavik
|
Lisbon
|
||
---|---|---|---|
Basic meal with drink at inexpensive restaurant |
$20.00
ISK2,419
|
$13.66
€11.60
|
|
Fast food combo meal
McDonalds, or similar
|
$18.02
ISK2,179
|
$9.65
€8.19
|
|
Bottle of Coca-Cola (11 fl. oz) |
$3.15
ISK381
|
$1.86
€1.58
|
|
Bottle of water (11 fl. oz) |
$2.19
ISK264
|
$1.36
€1.16
|
|
pay 37.8% less for groceries
Reykjavik
|
Lisbon
|
||
---|---|---|---|
Bread
1 loaf
|
$3.61
ISK437
|
$1.48
€1.26
|
|
Local cheese (8 oz) |
$7.76
ISK938
|
$5.58
€4.74
|
|
Milk (1 gallon) |
$6.40
ISK774
|
$3.87
€3.29
|
|
Eggs
1 dozen
|
$5.76
ISK696
|
$2.97
€2.53
|
|
Boneless chicken breast (1 lb) |
$9.45
ISK1,142
|
$3.31
€2.81
|
|
Apples (1 lb) |
$1.40
ISK170
|
$1.04
€0.88
|
|
Bananas (1 lb) |
$1.01
ISK122
|
$0.69
€0.59
|
|
Oranges (1 lb) |
$1.22
ISK147
|
$0.89
€0.75
|
|
Tomatoes (1 lb) |
$2.22
ISK269
|
$1.06
€0.90
|
|
Potatoes (1 lb) |
$1.43
ISK173
|
$0.88
€0.75
|
|
Onions (1 lb) |
$0.93
ISK113
|
$0.94
€0.79
|
|
pay 35.3% less for transportation
Reykjavik
|
Lisbon
|
||
---|---|---|---|
Gasoline (1 gallon) |
$8.50
ISK1,028
|
$7.21
€6.12
|
|
Monthly public transit pass |
$74.95
ISK9,064
|
$42.87
€36.40
|
|
New Volkswagen Golf 1.4 (standard edition) |
$42,450.45
ISK5,133,533
|
$32,152.89
€27,297.55
|
|
Taxi trip in downtown area (5 miles) |
$24.05
ISK2,908
|
$9.86
€8.37
|
|
pay 2.5% less for housing
Reykjavik
|
Lisbon
|
||
---|---|---|---|
Internet connection
50 mbps or faster, cable/dsl
|
$69.87
ISK8,449
|
$39.90
€33.87
|
|
1-Bedroom apartment in downtown area |
$1,971.17
ISK238,374
|
$1,514.21
€1,285.55
|
|
1-Bedroom apartment outside city center |
$1,803.44
ISK218,090
|
$1,070.61
€908.94
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$53.95
ISK6,525
|
$106.17
€90.14
|
|
pay 2.4 times more for childcare
Reykjavik
|
Lisbon
|
||
---|---|---|---|
Private preschool for 1 child, monthly |
$252.14
ISK30,491
|
$576.40
€489.36
|
|
Middle school for 1 child, two semesters |
$5,993.99
ISK724,854
|
$15,251.75
€12,948.62
|
|
pay 50.7% less for entertainment and sports
Reykjavik
|
Lisbon
|
||
---|---|---|---|
Domestic/local beer (1 pint) |
$10.81
ISK1,307
|
$3.22
€2.73
|
|
Cappuccino in mid-range area |
$5.31
ISK642
|
$2.61
€2.21
|
|
Pack of cigarettes
Marlboro or similar
|
$12.25
ISK1,481
|
$6.00
€5.10
|
|
Monthly membership at local gym |
$69.95
ISK8,459
|
$42.41
€36.01
|
|
Movie ticket to theater/cinema |
$14.77
ISK1,787
|
$8.57
€7.28
|
|
pay 33.7% less for clothing
Reykjavik
|
Lisbon
|
||
---|---|---|---|
Regular jeans
Levi's brand
|
$108.97
ISK13,178
|
$86.58
€73.50
|
|
Regular dress
from H&M or similar store
|
$49.72
ISK6,013
|
$37.63
€31.94
|
|
Running shoes
Nike or Adidas
|
$151.85
ISK18,364
|
$82.49
€70.03
|
|
Men's business shoes (leather) |
$194.16
ISK23,480
|
$108.41
€92.04
|
|
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