Cost of living comparison
compared to
Iceland vs. Portugal Cost of Living Summary
Iceland is 96.5% more expensive than Portugal overall.
- Restaurants
-
pay 96.0% more in Iceland
- Groceries
-
pay 97.2% more in Iceland
- Transportation
-
pay 68.4% more in Iceland
- Housing
-
pay 93.3% more in Iceland
- Childcare
-
pay 79.2% more in Iceland
- Entertainment and Sports
-
pay 2.6 times more in Iceland
- Clothing
-
pay 82.0% more in Iceland
The cost of entertainment and sports, groceries, restaurants, housing, clothing, and childcare in Iceland are more expensive than in Portugal. Notably, entertainment and sports, groceries, and restaurants are significantly more expensive in Iceland.
Iceland vs. Portugal Cost Breakdown
If you lived in Iceland instead of Portugal, you would:
pay 96.0% more for restaurants
|
Portugal
|
Iceland
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$13.13
€11.33
|
$26.52
ISK3,394
|
|
|
Fast food combo meal
McDonalds, or similar
|
$9.44
€8.14
|
$21.32
ISK2,728
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$1.93
€1.66
|
$3.11
ISK398
|
|
| Bottle of water (11 fl. oz) |
$1.40
€1.20
|
$2.72
ISK348
|
|
Portugal vs. Iceland - Cost of restaurants
pay 97.2% more for groceries
|
Portugal
|
Iceland
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$1.52
€1.31
|
$3.80
ISK487
|
|
| Local cheese (8 oz) |
$5.73
€4.94
|
$9.44
ISK1,208
|
|
| Milk (1 gallon) |
$4.12
€3.55
|
$7.78
ISK996
|
|
|
Eggs
1 dozen
|
$3.14
€2.71
|
$6.71
ISK859
|
|
| Boneless chicken breast (1 lb) |
$3.42
€2.95
|
$11.22
ISK1,436
|
|
| Apples (1 lb) |
$1.06
€0.91
|
$1.50
ISK191
|
|
| Bananas (1 lb) |
$0.68
€0.58
|
$1.15
ISK147
|
|
| Oranges (1 lb) |
$0.84
€0.73
|
$1.41
ISK181
|
|
| Tomatoes (1 lb) |
$1.17
€1.01
|
$2.34
ISK300
|
|
| Potatoes (1 lb) |
$0.74
€0.64
|
$1.65
ISK211
|
|
| Onions (1 lb) |
$0.90
€0.78
|
$1.09
ISK140
|
|
Portugal vs. Iceland - Cost of groceries
pay 68.4% more for transportation
|
Portugal
|
Iceland
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$7.46
€6.43
|
$9.65
ISK1,235
|
|
| Monthly public transit pass |
$39.12
€33.73
|
$79.56
ISK10,182
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$34,916.24
€30,109.22
|
$49,144.25
ISK6,289,481
|
|
| Taxi trip in downtown area (5 miles) |
$12.78
€11.02
|
$25.55
ISK3,270
|
|
Portugal vs. Iceland - Cost of transportation
pay 93.3% more for housing
|
Portugal
|
Iceland
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$41.01
€35.37
|
$95.65
ISK12,241
|
|
| 1-Bedroom apartment in downtown area |
$954.63
€823.21
|
$2,289.17
ISK292,968
|
|
| 1-Bedroom apartment outside city center |
$787.92
€679.44
|
$1,830.04
ISK234,209
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$95.92
€82.71
|
$65.15
ISK8,338
|
|
Portugal vs. Iceland - Cost of housing
pay 79.2% more for childcare
|
Portugal
|
Iceland
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$512.86
€442.26
|
$334.67
ISK42,830
|
|
| Middle school for 1 child, two semesters |
$10,479.69
€9,036.92
|
$30,711.08
ISK3,930,404
|
|
Portugal vs. Iceland - Cost of childcare
pay 2.6 times more for entertainment and sports
|
Portugal
|
Iceland
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$2.56
€2.21
|
$11.14
ISK1,426
|
|
| Cappuccino in mid-range area |
$2.05
€1.76
|
$5.62
ISK720
|
|
|
Pack of cigarettes
Marlboro or similar
|
$6.30
€5.43
|
$13.90
ISK1,778
|
|
| Monthly membership at local gym |
$44.69
€38.54
|
$78.17
ISK10,004
|
|
| Movie ticket to theater/cinema |
$8.76
€7.55
|
$16.75
ISK2,144
|
|
Portugal vs. Iceland - Cost of entertainment and sports
pay 82.0% more for clothing
|
Portugal
|
Iceland
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$82.22
€70.90
|
$130.91
ISK16,753
|
|
|
Regular dress
from H&M or similar store
|
$39.56
€34.11
|
$61.83
ISK7,913
|
|
|
Running shoes
Nike or Adidas
|
$89.53
€77.20
|
$163.81
ISK20,965
|
|
| Men's business shoes (leather) |
$103.44
€89.20
|
$237.31
ISK30,371
|
|
Portugal vs. Iceland - Cost of clothing
The statistics used to build this comparison are calculated using data from users just like you.
We average the price of thousands of data points entered by users across the world.
Learn more about our data sources. Page last updated: December 2025
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