Moving to Iceland from Portugal

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What to Expect

Considering a move from Portugal to Iceland? Here's how the two compare on cost, climate, safety, and more.

If you moved from Portugal to Iceland, you would find that Iceland is 96.5% more expensive than Portugal overall. A €65,577 salary in Portugal would need to be roughly ISK18,705,592 in Iceland to maintain the same lifestyle, and you’d need to navigate life in Icelandic. Expect a noticeable climate shift — Reykjavik averages 45°F vs 69°F in Lisbon, making it significantly cooler.

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How Far Will Your Money Go?

A breakdown of how everyday costs differ between Portugal and Iceland.

What does your salary buy?

€65,577 ISK18,705,592

To maintain the same standard of living in Iceland

Calculate with your salary →

How key spending categories compare

Restaurants

pay 96.0% more

Groceries

pay 97.2% more

Transportation

pay 68.4% more

Housing

pay 93.3% more

Childcare

pay 79.2% more

Entertainment and Sports

pay 2.6 times more

See full cost of living breakdown
Exchange rate: 1 EUR = 143.37 ISK (July 2026)

Data: MyLifeElsewhere's crowdsourced cost of living database, with prices submitted and updated by users worldwide. Exchange rates are refreshed regularly from public sources.

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Who Else Is Making This Move?

What the data shows about people moving from Portugal to Iceland.

Moved in 2023
391 ↓ 3% vs 2022

people moved from Portugal to Iceland · OECD (latest data available)

Who's moving to Iceland?

Top countries of origin for Iceland's foreign-born residents.

Foreign-born population · UN DESA (2020)

Key Indicator Comparison

The numbers behind daily life in Iceland compared to Portugal.

Is it safe?

Homicide rate United Nations SDG Indicators, 2022

per 100,000 people per year

PT
0.8
IS
1.1
Road traffic deaths United Nations SDG Indicators, 2021

per 100,000 people per year

PT
7.2
IS
2.4

Portugal generally does better on safety, though Iceland leads in road traffic deaths.

How's the healthcare?

Healthcare spending per person World Bank, 2024

annual government + private spending per person

PT
$4,928
IS
$6,927
Doctors per 10,000 people United Nations SDG Indicators, 2022

affects wait times and access to care

PT
57.7
IS
45.2

Portugal generally does better on health & wellbeing, though Iceland leads in health coverage index.

What about the environment?

Air pollution deaths United Nations SDG Indicators, 2019

deaths attributable to air pollution per 100k people

PT
10.0
IS
8.0
CO₂ emissions per capita World Bank, 2024

tonnes of CO₂ emitted per person per year

PT
3.3t
IS
8.5t

Portugal generally does better on environment, though Iceland leads in air pollution deaths.

Will I have good infrastructure?

Broadband per 100 people United Nations SDG Indicators, 2022

fixed broadband subscriptions — key for remote work

PT
43.5
IS
38.2
Water stress level United Nations SDG Indicators, 2021

higher means greater strain on freshwater supply

PT
12.3%
IS
0.4%

Iceland generally does better on infrastructure, though Portugal leads in broadband per 100 people.

What are the job prospects?

Unemployment rate The World Factbook, 2023

percentage of the labour force without work

PT
6.5%
IS
3.6%
GDP per capita The World Factbook, 2023

a broad measure of economic output per person

PT
$41,700
IS
$66,500

Iceland performs significantly better than Portugal across all employment & economy metrics.

Is it good for families?

Life expectancy The World Factbook, 2022

average years of life at birth

PT
81.5 yrs
IS
83.6 yrs
Infant mortality The World Factbook, 2022

deaths per 1,000 live births — lower is better

PT
2.5
IS
1.6

Iceland performs significantly better than Portugal across all family life metrics.

Data: Autoridade Tributária e Aduaneira, The World Factbook, United Nations SDG Indicators, World Bank

What's the Climate Like?

Monthly averages — select a city to compare.

Lisbon Rain: 29.6 in/yr (751 mm)
69° / 55°F

Avg. annual high / low

Reykjavik Rain: 31.4 in/yr (798 mm)
45° / 35°F

Avg. annual high / low

Months Lisbon Reykjavik
Jan–Mar 61°/48°F (16°/9°C) 37°/28°F (3°/-2°C)
Apr–Jun 71°/56°F (22°/13°C) 48°/38°F (9°/4°C)
Jul–Sep 81°/63°F (27°/17°C) 54°/45°F (12°/7°C)
Oct–Dec 65°/53°F (18°/12°C) 39°/31°F (4°/-1°C)
View all months
Month Lisbon Reykjavik
Jan 58°/47°F (14.5°/8.2°C) 35°/27°F (1.9°/-3.0°C)
Feb 60°/48°F (15.6°/9.0°C) 37°/28°F (2.8°/-2.1°C)
Mar 64°/50°F (17.6°/9.9°C) 38°/28°F (3.2°/-2.0°C)
Apr 66°/52°F (19.1°/11.1°C) 42°/33°F (5.7°/0.4°C)
May 71°/55°F (21.7°/13.0°C) 49°/38°F (9.4°/3.6°C)
Jun 77°/60°F (24.8°/15.6°C) 53°/44°F (11.7°/6.7°C)
Jul 81°/63°F (27.4°/17.4°C) 56°/47°F (13.3°/8.3°C)
Aug 82°/64°F (27.9°/17.7°C) 55°/46°F (13.0°/7.9°C)
Sep 80°/63°F (26.4°/17.0°C) 50°/41°F (10.1°/5.0°C)
Oct 72°/58°F (22.4°/14.6°C) 44°/36°F (6.8°/2.2°C)
Nov 64°/52°F (17.8°/11.2°C) 38°/30°F (3.4°/-1.3°C)
Dec 59°/48°F (14.8°/8.9°C) 36°/27°F (2.2°/-2.8°C)

Data: Instituto Português do Mar e da Atmosfera Instituto Português do Mar e da Atmosfera, Icelandic Meteorological Office Icelandic Meteorological Office

Visitor Visa Requirements

Short-stay tourist visa rules between Portugal and Iceland. To live, work, or study long-term in Iceland, you'll need a separate residence or work visa — check Iceland's immigration authority.

Portugal passport

Portugal passport holder visiting Iceland

Visa Free
Portugal passport holders can enter Iceland without a visa.
Iceland passport

Iceland passport holder visiting Portugal

Visa Free
Iceland passport holders can enter Portugal without a visa.

Data: Henley Passport Index. Check with the destination country's embassy for the most current requirements.

Frequently Asked Questions

Is it cheaper to live in Iceland than Portugal?

On average Iceland is around 99% pricier than Portugal, with notable variation by city.

How much money do I need to move to Iceland?

Budget about ISK4,676,398 for 3 months in Iceland (based on a €65,577 comparable annual salary), then add the one-off costs: flights, shipping, a rental deposit, and visa fees.

Can I work remotely from Iceland?

Connectivity is usually fine (Iceland: 38.2 fixed broadband per 100). What actually decides it is legal: does Iceland offer a digital nomad visa, will your employer permit overseas work, and where are you tax-resident?

Is Iceland safe for expats?

Portugal generally does better on safety, though Iceland leads in road traffic deaths. The homicide rate in Iceland is 1.1 per 100,000 people, compared to 0.8 in Portugal.

How is healthcare in Iceland compared to Portugal?

Portugal generally does better on health & wellbeing, though Iceland leads in health coverage index. There are 45.2 doctors per 10,000 people in Iceland, compared to 57.7 in Portugal. Iceland scores 89 on the WHO universal health coverage index (Portugal: 88).

What's the weather like in Iceland compared to Portugal?

The average high temperature in Reykjavik is 45°F, compared to 69°F in Lisbon. Reykjavik receives around 31.4 in of rainfall per year, while Lisbon gets 29.6 in.

What language do they speak in Iceland?

The official language in Iceland is Icelandic. In Portugal, the official language is Portuguese.

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At a Glance

PT IS
Population 10,242,081 357,603
Currency Euro (€) Icelandic Króna (ISK)
Languages Portuguese Icelandic
Driving side Right Right
Calling code +351 +354
Time zones 2 1
Emergency number 112 112