Cost of Living Comparison Between Iceland and Portugal 
| Indices Difference |  |
|---|---|
| Cost of Living in Portugal is 47.9% lower than in Iceland (without rent) | |
| Cost of Living Including Rent in Portugal is 46.6% lower than in Iceland | |
| Rent Prices in Portugal are 43.2% lower than in Iceland | |
| Restaurant Prices in Portugal are 57.5% lower than in Iceland | |
| Groceries Prices in Portugal are 52.7% lower than in Iceland | |
| Local Purchasing Power in Portugal is 50.7% lower than in Iceland | |
Restaurants | Iceland Edit |
Portugal Edit | Difference |
|---|---|---|---|
| Meal, Inexpensive Restaurant |
3,000.00 kr (20.20 €) |
1,484.99 kr (10.00 €) |
-50.5 % |
| Meal for 2 People, Mid-range Restaurant, Three-course |
16,236.80 kr (109.34 €) |
5,939.95 kr (40.00 €) |
-63.4 % |
| McMeal at McDonalds (or Equivalent Combo Meal) |
2,400.00 kr (16.16 €) |
1,187.99 kr (8.00 €) |
-50.5 % |
| Domestic Beer (1 pint draught) |
1,450.00 kr (9.76 €) |
371.25 kr (2.50 €) |
-74.4 % |
| Imported Beer (12 oz small bottle) |
1,200.00 kr (8.08 €) |
445.50 kr (3.00 €) |
-62.9 % |
| Cappuccino (regular) |
696.21 kr (4.69 €) |
270.02 kr (1.82 €) |
-61.2 % |
| Coke/Pepsi (12 oz small bottle) |
418.71 kr (2.82 €) |
240.41 kr (1.62 €) |
-42.6 % |
| Water (12 oz small bottle) |
309.80 kr (2.09 €) |
171.27 kr (1.15 €) |
-44.7 % |
Markets | Iceland Edit |
Portugal Edit | |
| Milk (regular), (1 gallon) |
874.92 kr (5.89 €) |
526.21 kr (3.54 €) |
-39.9 % |
| Loaf of Fresh White Bread (1 lb) |
430.13 kr (2.90 €) |
182.02 kr (1.23 €) |
-57.7 % |
| Rice (white), (1 lb) |
193.32 kr (1.30 €) |
93.03 kr (0.63 €) |
-51.9 % |
| Eggs (regular) (12) |
789.73 kr (5.32 €) |
404.43 kr (2.72 €) |
-48.8 % |
| Local Cheese (1 lb) |
959.69 kr (6.46 €) |
675.47 kr (4.55 €) |
-29.6 % |
| Chicken Fillets (1 lb) |
1,256.74 kr (8.46 €) |
459.50 kr (3.09 €) |
-63.4 % |
| Beef Round (1 lb) (or Equivalent Back Leg Red Meat) |
2,195.28 kr (14.78 €) |
806.07 kr (5.43 €) |
-63.3 % |
| Apples (1 lb) |
185.42 kr (1.25 €) |
133.99 kr (0.90 €) |
-27.7 % |
| Banana (1 lb) |
140.07 kr (0.94 €) |
85.59 kr (0.58 €) |
-38.9 % |
| Oranges (1 lb) |
165.83 kr (1.12 €) |
108.33 kr (0.73 €) |
-34.7 % |
| Tomato (1 lb) |
286.74 kr (1.93 €) |
147.98 kr (1.00 €) |
-48.4 % |
| Potato (1 lb) |
199.55 kr (1.34 €) |
101.37 kr (0.68 €) |
-49.2 % |
| Onion (1 lb) |
123.67 kr (0.83 €) |
118.11 kr (0.80 €) |
-4.5 % |
| Lettuce (1 head) |
443.20 kr (2.98 €) |
198.73 kr (1.34 €) |
-55.2 % |
| Water (1.5 liter bottle) |
290.33 kr (1.96 €) |
100.18 kr (0.67 €) |
-65.5 % |
| Bottle of Wine (Mid-Range) |
3,000.00 kr (20.20 €) |
741.01 kr (4.99 €) |
-75.3 % |
| Domestic Beer (0.5 liter bottle) |
445.54 kr (3.00 €) |
167.42 kr (1.13 €) |
-62.4 % |
| Imported Beer (12 oz small bottle) |
371.25 kr (2.50 €) |
316.76 kr (2.13 €) |
-14.7 % |
| Cigarettes 20 Pack (Marlboro) |
1,659.00 kr (11.17 €) |
816.74 kr (5.50 €) |
-50.8 % |
Transportation | Iceland Edit |
Portugal Edit | |
| One-way Ticket (Local Transport) |
630.00 kr (4.24 €) |
289.57 kr (1.95 €) |
-54.0 % |
| Monthly Pass (Regular Price) |
10,400.00 kr (70.03 €) |
5,939.95 kr (40.00 €) |
-42.9 % |
| Taxi Start (Normal Tariff) |
750.00 kr (5.05 €) |
519.75 kr (3.50 €) |
-30.7 % |
| Taxi 1 mile (Normal Tariff) |
521.43 kr (3.51 €) |
191.19 kr (1.29 €) |
-63.3 % |
| Taxi 1hour Waiting (Normal Tariff) |
10,260.00 kr (69.09 €) |
2,227.48 kr (15.00 €) |
-78.3 % |
| Gasoline (1 gallon) |
1,177.30 kr (7.93 €) |
949.60 kr (6.39 €) |
-19.3 % |
| Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) |
5,790,000.00 kr (38,990.22 €) |
4,454,963.59 kr (30,000.00 €) |
-23.1 % |
| Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) |
6,242,111.11 kr (42,034.76 €) |
5,043,272.32 kr (33,961.71 €) |
-19.2 % |
Utilities (Monthly) | Iceland Edit |
Portugal Edit | |
| Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment |
12,359.45 kr (83.23 €) |
16,892.62 kr (113.76 €) |
+36.7 % |
| Mobile Phone Monthly Plan with Calls and 10GB+ Data |
3,463.04 kr (23.32 €) |
2,818.54 kr (18.98 €) |
-18.6 % |
| Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) |
9,829.67 kr (66.19 €) |
5,599.36 kr (37.71 €) |
-43.0 % |
Sports And Leisure | Iceland Edit |
Portugal Edit | |
| Fitness Club, Monthly Fee for 1 Adult |
9,536.75 kr (64.22 €) |
5,520.89 kr (37.18 €) |
-42.1 % |
| Tennis Court Rent (1 Hour on Weekend) |
4,526.11 kr (30.48 €) |
1,828.94 kr (12.32 €) |
-59.6 % |
| Cinema, International Release, 1 Seat |
2,045.00 kr (13.77 €) |
1,113.74 kr (7.50 €) |
-45.5 % |
Childcare | Iceland Edit |
Portugal Edit | |
| Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child |
37,924.00 kr (255.38 €) |
64,374.73 kr (433.50 €) |
+69.7 % |
| International Primary School, Yearly for 1 Child |
831,666.67 kr (5,600.49 €) |
1,466,061.55 kr (9,872.55 €) |
+76.3 % |
Clothing And Shoes | Iceland Edit |
Portugal Edit | |
| 1 Pair of Jeans (Levis 501 Or Similar) |
15,990.32 kr (107.68 €) |
11,632.37 kr (78.33 €) |
-27.3 % |
| 1 Summer Dress in a Chain Store (Zara, H&M, ...) |
7,205.00 kr (48.52 €) |
5,050.27 kr (34.01 €) |
-29.9 % |
| 1 Pair of Nike Running Shoes (Mid-Range) |
21,265.19 kr (143.20 €) |
11,298.76 kr (76.09 €) |
-46.9 % |
| 1 Pair of Men Leather Business Shoes |
26,522.38 kr (178.60 €) |
13,090.24 kr (88.15 €) |
-50.6 % |
Rent Per Month | Iceland Edit |
Portugal Edit | |
| Apartment (1 bedroom) in City Centre |
261,171.43 kr (1,758.74 €) |
140,841.22 kr (948.43 €) |
-46.1 % |
| Apartment (1 bedroom) Outside of Centre |
231,176.47 kr (1,556.76 €) |
109,244.46 kr (735.66 €) |
-52.7 % |
| Apartment (3 bedrooms) in City Centre |
369,030.30 kr (2,485.07 €) |
244,052.16 kr (1,643.46 €) |
-33.9 % |
| Apartment (3 bedrooms) Outside of Centre |
326,406.25 kr (2,198.04 €) |
180,300.42 kr (1,214.15 €) |
-44.8 % |
Buy Apartment Price | Iceland Edit |
Portugal Edit | |
| Price per Square Feet to Buy Apartment in City Centre |
77,404.48 kr (521.25 €) |
47,924.20 kr (322.72 €) |
-38.1 % |
| Price per Square Feet to Buy Apartment Outside of Centre |
63,283.19 kr (426.15 €) |
32,519.71 kr (218.99 €) |
-48.6 % |
Salaries And Financing | Iceland Edit |
Portugal Edit | |
| Average Monthly Net Salary (After Tax) |
593,586.19 kr (3,997.25 €) |
156,241.48 kr (1,052.14 €) |
-73.7 % |
| Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate | 8.13 | 4.87 | -40.1 % |
| Last update: | October 2024 | October 2024 | |
| Contributors in the past 12 months: | 248 | 1445 |
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