Reykjavik vs Lisbon

Cost of living comparison for 2026. Lisbon is roughly 27% more affordable than Reykjavik (index 36 vs 50, New York = 100). Data sourced live via AI — updated regularly.

Lisbon
More affordable overall
27% cheaper than Reykjavik · Cost index: 36 vs 50

Head-to-Head Stats

50Cost Index36
4,652Median Income /mo1,460
76Safety Index78
31.49Income Tax %25
95Internet (Mbps)176
250Coworking /mo220

Price Breakdown

ReykjavikCategoryLisbon
$2,222/month
1-BR Apartment (Center)
38% ← cheaper
$1,380/month
$1.77/liter
Meal for One
52% ← cheaper
$0.85/liter
$28.14/meal
Restaurant (Mid-range)
57% ← cheaper
$12/meal
$78.9/month
Monthly Transit Pass
49% ← cheaper
$40/month
$182.55/month
Utilities (Monthly)
21% ← cheaper
$145/month
$86.59/visit
Doctor Visit
31% ← cheaper
$60/visit

Digital Nomad Profile

Reykjavik

Internet95 Mbps
Coworking$250/mo
Café WiFiexcellent
Englishhigh
Communitygrowing
Walkability78/100

Lisbon

Internet176 Mbps
Coworking$220/mo
Café WiFigood
Englishhigh
Communitylarge
Walkability78/100

Frequently Asked Questions

Is Reykjavik cheaper than Lisbon?

Lisbon is cheaper than Reykjavik. Lisbon has a cost of living index of 36/100 compared to 50/100 for Reykjavik (New York = 100), making it roughly 27% more affordable overall.

How much cheaper is Lisbon than Reykjavik?

Lisbon is approximately 27% cheaper than Reykjavik based on cost index scores (36 vs 50, where New York = 100). A person spending $3,000/month in Reykjavik could live a similar lifestyle for roughly $2,191/month in Lisbon.

What is the rent comparison between Reykjavik and Lisbon?

In Reykjavik, a 1-bedroom apartment in the city center costs approximately $2,222/month. In Lisbon, the equivalent is around $1,380/month.

Which city is better for digital nomads — Reykjavik or Lisbon?

Both cities have nomad infrastructure. Reykjavik offers 95 Mbps internet and coworking at ~$250/month. Lisbon offers 176 Mbps and coworking at ~$220/month. Lisbon has a cost advantage of 27%.

What is the average income in Reykjavik vs Lisbon?

The median net monthly salary in Reykjavik is approximately $4,652 USD, compared to $1,460 USD in Lisbon.

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