Cost of Living Comparison Between Iceland and Portugal 
| Indices Difference |  |
|---|---|
| Cost of Living in Portugal is 50.6% lower than in Iceland (without rent) | |
| Cost of Living Including Rent in Portugal is 50.2% lower than in Iceland | |
| Rent Prices in Portugal are 49.1% lower than in Iceland | |
| Restaurant Prices in Portugal are 59.4% lower than in Iceland | |
| Groceries Prices in Portugal are 55.2% lower than in Iceland | |
| Local Purchasing Power in Portugal is 51.6% lower than in Iceland | |
Restaurants | Iceland Edit |
Portugal Edit | Difference |
|---|---|---|---|
| Meal, Inexpensive Restaurant |
3,000.00 kr (20.85 €) |
1,439.02 kr (10.00 €) |
-52.0 % |
| Meal for 2 People, Mid-range Restaurant, Three-course |
18,000.00 kr (125.08 €) |
6,475.60 kr (45.00 €) |
-64.0 % |
| McMeal at McDonalds (or Equivalent Combo Meal) |
2,500.00 kr (17.37 €) |
1,151.22 kr (8.00 €) |
-54.0 % |
| Domestic Beer (1 pint draught) |
1,500.00 kr (10.42 €) |
359.76 kr (2.50 €) |
-76.0 % |
| Imported Beer (12 oz small bottle) |
1,300.00 kr (9.03 €) |
431.71 kr (3.00 €) |
-66.8 % |
| Cappuccino (regular) |
731.94 kr (5.09 €) |
263.57 kr (1.83 €) |
-64.0 % |
| Coke/Pepsi (12 oz small bottle) |
412.91 kr (2.87 €) |
242.65 kr (1.69 €) |
-41.2 % |
| Water (12 oz small bottle) |
322.90 kr (2.24 €) |
173.34 kr (1.20 €) |
-46.3 % |
Markets | Iceland Edit |
Portugal Edit | |
| Milk (regular), (1 gallon) |
887.35 kr (6.17 €) |
510.92 kr (3.55 €) |
-42.4 % |
| Loaf of Fresh White Bread (1 lb) |
466.71 kr (3.24 €) |
177.10 kr (1.23 €) |
-62.1 % |
| Rice (white), (1 lb) |
190.90 kr (1.33 €) |
91.17 kr (0.63 €) |
-52.2 % |
| Eggs (regular) (12) |
806.52 kr (5.60 €) |
386.10 kr (2.68 €) |
-52.1 % |
| Local Cheese (1 lb) |
1,006.09 kr (6.99 €) |
669.95 kr (4.66 €) |
-33.4 % |
| Chicken Fillets (1 lb) |
1,304.00 kr (9.06 €) |
437.34 kr (3.04 €) |
-66.5 % |
| Beef Round (1 lb) (or Equivalent Back Leg Red Meat) |
2,256.37 kr (15.68 €) |
791.99 kr (5.50 €) |
-64.9 % |
| Apples (1 lb) |
181.09 kr (1.26 €) |
128.97 kr (0.90 €) |
-28.8 % |
| Banana (1 lb) |
139.57 kr (0.97 €) |
82.67 kr (0.57 €) |
-40.8 % |
| Oranges (1 lb) |
160.15 kr (1.11 €) |
103.33 kr (0.72 €) |
-35.5 % |
| Tomato (1 lb) |
303.24 kr (2.11 €) |
144.31 kr (1.00 €) |
-52.4 % |
| Potato (1 lb) |
203.08 kr (1.41 €) |
97.09 kr (0.67 €) |
-52.2 % |
| Onion (1 lb) |
133.25 kr (0.93 €) |
114.13 kr (0.79 €) |
-14.4 % |
| Lettuce (1 head) |
413.88 kr (2.88 €) |
198.91 kr (1.38 €) |
-51.9 % |
| Water (1.5 liter bottle) |
301.28 kr (2.09 €) |
99.37 kr (0.69 €) |
-67.0 % |
| Bottle of Wine (Mid-Range) |
3,000.00 kr (20.85 €) |
719.51 kr (5.00 €) |
-76.0 % |
| Domestic Beer (0.5 liter bottle) |
448.00 kr (3.11 €) |
163.74 kr (1.14 €) |
-63.5 % |
| Imported Beer (12 oz small bottle) |
378.56 kr (2.63 €) |
315.35 kr (2.19 €) |
-16.7 % |
| Cigarettes 20 Pack (Marlboro) |
1,725.00 kr (11.99 €) |
791.46 kr (5.50 €) |
-54.1 % |
Transportation | Iceland Edit |
Portugal Edit | |
| One-way Ticket (Local Transport) |
630.00 kr (4.38 €) |
280.61 kr (1.95 €) |
-55.5 % |
| Monthly Pass (Regular Price) |
10,400.00 kr (72.27 €) |
5,756.09 kr (40.00 €) |
-44.7 % |
| Taxi Start (Normal Tariff) |
790.00 kr (5.49 €) |
503.66 kr (3.50 €) |
-36.2 % |
| Taxi 1 mile (Normal Tariff) |
521.43 kr (3.62 €) |
185.27 kr (1.29 €) |
-64.5 % |
| Taxi 1hour Waiting (Normal Tariff) |
10,620.00 kr (73.80 €) |
2,158.53 kr (15.00 €) |
-79.7 % |
| Gasoline (1 gallon) |
1,179.15 kr (8.19 €) |
926.97 kr (6.44 €) |
-21.4 % |
| Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) |
6,000,000.00 kr (41,694.97 €) |
4,317,067.94 kr (30,000.00 €) |
-28.0 % |
| Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) |
6,527,142.86 kr (45,358.17 €) |
4,898,197.42 kr (34,038.36 €) |
-25.0 % |
Utilities (Monthly) | Iceland Edit |
Portugal Edit | |
| Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment |
10,888.39 kr (75.67 €) |
16,457.13 kr (114.36 €) |
+51.1 % |
| Mobile Phone Monthly Plan with Calls and 10GB+ Data |
3,475.00 kr (24.15 €) |
2,733.49 kr (19.00 €) |
-21.3 % |
| Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) |
10,326.63 kr (71.76 €) |
5,364.04 kr (37.28 €) |
-48.1 % |
Sports And Leisure | Iceland Edit |
Portugal Edit | |
| Fitness Club, Monthly Fee for 1 Adult |
9,978.76 kr (69.34 €) |
5,417.54 kr (37.65 €) |
-45.7 % |
| Tennis Court Rent (1 Hour on Weekend) |
5,271.43 kr (36.63 €) |
1,950.79 kr (13.56 €) |
-63.0 % |
| Cinema, International Release, 1 Seat |
2,050.00 kr (14.25 €) |
1,079.27 kr (7.50 €) |
-47.4 % |
Childcare | Iceland Edit |
Portugal Edit | |
| Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child |
41,154.82 kr (285.99 €) |
64,565.90 kr (448.68 €) |
+56.9 % |
| International Primary School, Yearly for 1 Child |
350,000.00 kr (2,432.21 €) |
1,537,279.17 kr (10,682.80 €) |
+339.2 % |
Clothing And Shoes | Iceland Edit |
Portugal Edit | |
| 1 Pair of Jeans (Levis 501 Or Similar) |
17,131.86 kr (119.05 €) |
11,753.30 kr (81.68 €) |
-31.4 % |
| 1 Summer Dress in a Chain Store (Zara, H&M, ...) |
7,920.00 kr (55.04 €) |
4,938.13 kr (34.32 €) |
-37.6 % |
| 1 Pair of Nike Running Shoes (Mid-Range) |
22,086.14 kr (153.48 €) |
11,285.83 kr (78.43 €) |
-48.9 % |
| 1 Pair of Men Leather Business Shoes |
29,351.18 kr (203.97 €) |
12,937.44 kr (89.90 €) |
-55.9 % |
Rent Per Month | Iceland Edit |
Portugal Edit | |
| Apartment (1 bedroom) in City Centre |
276,107.14 kr (1,918.71 €) |
133,156.25 kr (925.32 €) |
-51.8 % |
| Apartment (1 bedroom) Outside of Centre |
248,035.71 kr (1,723.64 €) |
105,733.92 kr (734.76 €) |
-57.4 % |
| Apartment (3 bedrooms) in City Centre |
394,920.00 kr (2,744.36 €) |
228,731.28 kr (1,589.49 €) |
-42.1 % |
| Apartment (3 bedrooms) Outside of Centre |
342,320.00 kr (2,378.84 €) |
174,020.67 kr (1,209.30 €) |
-49.2 % |
Buy Apartment Price | Iceland Edit |
Portugal Edit | |
| Price per Square Feet to Buy Apartment in City Centre |
82,822.37 kr (575.55 €) |
46,953.19 kr (326.29 €) |
-43.3 % |
| Price per Square Feet to Buy Apartment Outside of Centre |
69,903.02 kr (485.77 €) |
34,168.66 kr (237.44 €) |
-51.1 % |
Salaries And Financing | Iceland Edit |
Portugal Edit | |
| Average Monthly Net Salary (After Tax) |
617,914.34 kr (4,293.99 €) |
149,006.31 kr (1,035.47 €) |
-75.9 % |
| Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate | 9.53 | 4.94 | -48.1 % |
| Last update: | January 2025 | January 2025 | |
| Contributors in the past 12 months: | 125 | 873 |
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