Iceland vs. Portugal Cost of Living Summary

Iceland is 63.7% more expensive than Portugal overall.

Restaurants
pay 77.6% more in Iceland
Groceries
pay 70.1% more in Iceland
Transportation
pay 61.5% more in Iceland
Housing
pay 62.8% more in Iceland
Childcare
pay 41.8% less in Iceland
Entertainment and Sports
pay 2.4 times more in Iceland
Clothing
pay 75.2% more in Iceland

The cost of entertainment and sports, restaurants, clothing, groceries, housing, and transportation in Iceland are more expensive than in Portugal. Notably, entertainment and sports, restaurants, and clothing are significantly more expensive in Iceland.

Iceland vs. Portugal Cost Breakdown

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
€10.92
$19.40
ISK2,746
Fast food combo meal
McDonalds, or similar
$8.41
€8.11
$16.94
ISK2,398
Bottle of Coca-Cola (11 fl. oz) $1.67
€1.61
$2.81
ISK398

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pay 70.1% more for groceries

 
Portugal
Iceland
Bread
1 loaf
$1.34
€1.30
$2.95
ISK418
Local cheese (8 oz) $5.06
€4.89
$7.27
ISK1,028
Milk (1 gallon) $3.79
€3.66
$6.01
ISK850

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pay 61.5% more for transportation

 
Portugal
Iceland
Gasoline (1 gallon) $6.79
€6.55
$8.36
ISK1,184
Monthly public transit pass $37.96
€36.63
$71.28
ISK10,090
New Volkswagen Golf 1.4 (standard edition) $31,047.67
€29,960.13
$40,660.66
ISK5,755,923

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pay 62.8% more for housing

 
Portugal
Iceland
Internet connection
50 mbps or faster, cable/dsl
$40.33
€38.92
$72.17
ISK10,217
1-Bedroom apartment in downtown area $900.66
€869.11
$1,838.04
ISK260,193
1-Bedroom apartment outside city center $732.72
€707.06
$1,497.77
ISK212,024

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pay 41.8% less for childcare

 
Portugal
Iceland
Private preschool for 1 child, monthly $455.47
€439.52
$258.16
ISK36,546
Middle school for 1 child, two semesters $10,051.70
€9,699.61
$5,993.99
ISK848,510

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pay 2.4 times more for entertainment and sports

 
Portugal
Iceland
Domestic/local beer (1 pint) $2.23
€2.15
$9.19
ISK1,301
Cappuccino in mid-range area $1.85
€1.78
$4.65
ISK658
Pack of cigarettes
Marlboro or similar
$5.67
€5.47
$11.76
ISK1,664

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pay 75.2% more for clothing

 
Portugal
Iceland
Regular jeans
Levi's brand
$77.92
€75.19
$111.23
ISK15,746
Regular dress
from H&M or similar store
$33.75
€32.56
$59.69
ISK8,450
Running shoes
Nike or Adidas
$80.24
€77.43
$148.00
ISK20,951

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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: February 2025
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