City Budget Comparison
Can You Live on $1,500/month?
Heraklion vs Lisbon — Budget Breakdown
Numbeo 2026 country rankings (cost indices) and OECD 2025 PPP rates · April 2026
Feasibility
Heraklion
Comfortable
COL+Rent: 26.4 (NYC=100)
$1,500/mo comfortably covers expenses in Heraklion.
Lisbon
Tight Budget
COL+Rent: 43.8 (NYC=100)
$1,500/mo barely covers basics in Lisbon.
Budget Breakdown
| Category | Heraklion | Lisbon | Diff |
|---|---|---|---|
| Rent (avg 1BR) | $461 | $892 | $431 |
| Groceries | $412 | $208 | +$204 |
| Dining Out | $307 | $135 | +$172 |
| Transportation | $40 | $34 | +$6 |
| Utilities | $211 | $98 | +$113 |
| Other / Misc | $69 | $133 | $64 |
| Total | $1,500 | $1,500 | — |
Purchasing Power
Heraklion
$1,500
per month
Lisbon equivalent
$2,489
per month
You'd need $2,489/mo in Lisbon to match $1,500/mo in Heraklion.
Other Budget Levels
FAQ
Can I live in Heraklion on $1,500/month?
Living in Heraklion on $1,500/mo is rated "Comfortable". Budget allocates ~$461 to rent, $412 to groceries, $307 to dining.
Can I live in Lisbon on $1,500/month?
In Lisbon, $1,500/mo is rated "Tight Budget". Allocations: $892 rent, $208 groceries, $135 dining.
Is Heraklion or Lisbon cheaper?
Heraklion is generally cheaper. COL+Rent: Heraklion 26.4 vs Lisbon 43.8 (NYC=100).
What is $1,500/mo in Heraklion worth in Lisbon?
$1,500/mo of purchasing power in Heraklion equals ~$2,489/mo in Lisbon using COL adjustment.