Cost of Living Comparison Between Copenhagen and Reykjavik 
| Indices Difference |  |
|---|---|
| Consumer Prices in Reykjavik are 10.8% higher than in Copenhagen (without rent) | |
| Consumer Prices Including Rent in Reykjavik are 8.6% higher than in Copenhagen | |
| Rent Prices in Reykjavik are 4.3% higher than in Copenhagen | |
| Restaurant Prices in Reykjavik are 0.9% higher than in Copenhagen | |
| Groceries Prices in Reykjavik are 35.3% higher than in Copenhagen | |
| Local Purchasing Power in Reykjavik is 14.3% lower than in Copenhagen | |
Restaurants | Copenhagen Edit |
Reykjavik Edit | Difference |
|---|---|---|---|
| Meal, Inexpensive Restaurant |
21.64 USD (150.00 DKK) |
21.08 USD (2,945.00 ISK) |
-2.6 % |
| Meal for 2 People, Mid-range Restaurant, Three-course |
115.42 USD (800.00 DKK) |
121.71 USD (17,000.00 ISK) |
+5.4 % |
| McMeal at McDonalds (or Equivalent Combo Meal) |
14.43 USD (100.00 DKK) |
16.82 USD (2,350.00 ISK) |
+16.6 % |
| Domestic Beer (1 pint draught) |
8.66 USD (60.00 DKK) |
10.74 USD (1,500.00 ISK) |
+24.1 % |
| Imported Beer (12 oz small bottle) |
8.66 USD (60.00 DKK) |
8.95 USD (1,250.00 ISK) |
+3.4 % |
| Cappuccino (regular) |
6.34 USD (43.94 DKK) |
5.09 USD (711.15 ISK) |
-19.7 % |
| Coke/Pepsi (12 oz small bottle) |
3.83 USD (26.57 DKK) |
2.86 USD (399.48 ISK) |
-25.4 % |
| Water (12 oz small bottle) |
2.94 USD (20.39 DKK) |
2.06 USD (288.01 ISK) |
-29.9 % |
Markets | Copenhagen Edit |
Reykjavik Edit | |
| Milk (regular), (1 gallon) |
7.45 USD (51.65 DKK) |
6.13 USD (856.52 ISK) |
-17.7 % |
| Loaf of Fresh White Bread (1 lb) |
3.19 USD (22.15 DKK) |
3.33 USD (464.58 ISK) |
+4.1 % |
| Rice (white), (1 lb) |
1.23 USD (8.51 DKK) |
1.49 USD (207.81 ISK) |
+21.1 % |
| Eggs (regular) (12) |
4.70 USD (32.55 DKK) |
5.88 USD (821.68 ISK) |
+25.3 % |
| Local Cheese (1 lb) |
5.57 USD (38.59 DKK) |
6.91 USD (965.37 ISK) |
+24.1 % |
| Chicken Fillets (1 lb) |
5.05 USD (35.04 DKK) |
8.83 USD (1,233.09 ISK) |
+74.7 % |
| Beef Round (1 lb) (or Equivalent Back Leg Red Meat) |
7.47 USD (51.78 DKK) |
14.19 USD (1,982.11 ISK) |
+89.9 % |
| Apples (1 lb) |
1.37 USD (9.53 DKK) |
1.52 USD (212.21 ISK) |
+10.5 % |
| Banana (1 lb) |
1.29 USD (8.97 DKK) |
0.96 USD (134.68 ISK) |
-25.5 % |
| Oranges (1 lb) |
1.46 USD (10.14 DKK) |
1.25 USD (175.06 ISK) |
-14.3 % |
| Tomato (1 lb) |
1.99 USD (13.77 DKK) |
2.22 USD (309.60 ISK) |
+11.5 % |
| Potato (1 lb) |
0.98 USD (6.80 DKK) |
1.41 USD (196.68 ISK) |
+43.4 % |
| Onion (1 lb) |
0.86 USD (5.98 DKK) |
1.01 USD (140.44 ISK) |
+16.5 % |
| Lettuce (1 head) |
1.93 USD (13.34 DKK) |
3.15 USD (439.56 ISK) |
+63.5 % |
| Water (1.5 liter bottle) |
1.55 USD (10.71 DKK) |
2.01 USD (281.00 ISK) |
+30.2 % |
| Bottle of Wine (Mid-Range) |
10.10 USD (70.00 DKK) |
19.68 USD (2,749.50 ISK) |
+94.9 % |
| Domestic Beer (0.5 liter bottle) |
1.77 USD (12.25 DKK) |
3.11 USD (434.15 ISK) |
+75.9 % |
| Imported Beer (12 oz small bottle) |
2.43 USD (16.82 DKK) |
2.55 USD (355.89 ISK) |
+5.0 % |
| Cigarettes 20 Pack (Marlboro) |
8.94 USD (62.00 DKK) |
11.81 USD (1,650.00 ISK) |
+32.1 % |
Transportation | Copenhagen Edit |
Reykjavik Edit | |
| One-way Ticket (Local Transport) |
3.46 USD (24.00 DKK) |
4.08 USD (570.00 ISK) |
+17.9 % |
| Monthly Pass (Regular Price) |
96.66 USD (670.00 DKK) |
66.58 USD (9,300.00 ISK) |
-31.1 % |
| Taxi Start (Normal Tariff) |
7.21 USD (50.00 DKK) |
5.23 USD (730.00 ISK) |
-27.6 % |
| Taxi 1 mile (Normal Tariff) |
3.83 USD (26.55 DKK) |
3.61 USD (504.53 ISK) |
-5.7 % |
| Taxi 1hour Waiting (Normal Tariff) |
86.56 USD (600.00 DKK) |
68.94 USD (9,630.00 ISK) |
-20.4 % |
| Gasoline (1 gallon) |
7.76 USD (53.80 DKK) |
8.55 USD (1,194.08 ISK) |
+10.1 % |
| Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) |
47,011.02 USD (325,850.00 DKK) |
41,451.89 USD (5,790,000.00 ISK) |
-11.8 % |
| Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) |
43,663.60 USD (302,647.85 DKK) |
43,177.26 USD (6,031,000.00 ISK) |
-1.1 % |
Utilities (Monthly) | Copenhagen Edit |
Reykjavik Edit | |
| Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment |
215.14 USD (1,491.22 DKK) |
83.86 USD (11,713.58 ISK) |
-61.0 % |
| Mobile Phone Monthly Plan with Calls and 10GB+ Data |
16.15 USD (111.97 DKK) |
23.30 USD (3,254.67 ISK) |
+44.2 % |
| Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) |
37.20 USD (257.82 DKK) |
68.15 USD (9,519.83 ISK) |
+83.2 % |
Sports And Leisure | Copenhagen Edit |
Reykjavik Edit | |
| Fitness Club, Monthly Fee for 1 Adult |
42.57 USD (295.10 DKK) |
65.17 USD (9,103.59 ISK) |
+53.1 % |
| Tennis Court Rent (1 Hour on Weekend) |
30.66 USD (212.48 DKK) |
28.74 USD (4,014.29 ISK) |
-6.3 % |
| Cinema, International Release, 1 Seat |
18.76 USD (130.00 DKK) |
14.32 USD (2,000.00 ISK) |
-23.7 % |
Childcare | Copenhagen Edit |
Reykjavik Edit | |
| Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child |
544.11 USD (3,771.43 DKK) |
239.16 USD (33,406.33 ISK) |
-56.0 % |
| International Primary School, Yearly for 1 Child |
9,287.51 USD (64,375.00 DKK) |
5,954.09 USD (831,666.67 ISK) |
-35.9 % |
Clothing And Shoes | Copenhagen Edit |
Reykjavik Edit | |
| 1 Pair of Jeans (Levis 501 Or Similar) |
107.09 USD (742.26 DKK) |
103.42 USD (14,445.76 ISK) |
-3.4 % |
| 1 Summer Dress in a Chain Store (Zara, H&M, ...) |
45.47 USD (315.18 DKK) |
43.28 USD (6,045.00 ISK) |
-4.8 % |
| 1 Pair of Nike Running Shoes (Mid-Range) |
116.93 USD (810.45 DKK) |
140.76 USD (19,661.90 ISK) |
+20.4 % |
| 1 Pair of Men Leather Business Shoes |
167.25 USD (1,159.26 DKK) |
173.78 USD (24,273.12 ISK) |
+3.9 % |
Rent Per Month | Copenhagen Edit |
Reykjavik Edit | |
| Apartment (1 bedroom) in City Centre |
1,767.77 USD (12,253.03 DKK) |
1,854.79 USD (259,077.12 ISK) |
+4.9 % |
| Apartment (1 bedroom) Outside of Centre |
1,285.93 USD (8,913.27 DKK) |
1,657.76 USD (231,556.05 ISK) |
+28.9 % |
| Apartment (3 bedrooms) in City Centre |
3,018.17 USD (20,920.00 DKK) |
2,691.62 USD (375,965.52 ISK) |
-10.8 % |
| Apartment (3 bedrooms) Outside of Centre |
2,174.41 USD (15,071.60 DKK) |
2,392.83 USD (334,230.77 ISK) |
+10.0 % |
Buy Apartment Price | Copenhagen Edit |
Reykjavik Edit | |
| Price per Square Feet to Buy Apartment in City Centre |
740.60 USD (5,133.38 DKK) |
585.96 USD (81,846.89 ISK) |
-20.9 % |
| Price per Square Feet to Buy Apartment Outside of Centre |
524.04 USD (3,632.27 DKK) |
463.07 USD (64,681.33 ISK) |
-11.6 % |
Salaries And Financing | Copenhagen Edit |
Reykjavik Edit | |
| Average Monthly Net Salary (After Tax) |
3,946.88 USD (27,357.20 DKK) |
3,675.40 USD (513,380.43 ISK) |
-6.9 % |
| Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate | 4.08 | 8.14 | +99.5 % |
| Last update: | May 2024 | April 2024 | |
| Contributors in the past 12 months: | 253 | 162 |
Moving to Reykjavik? Explore:
Cities near Copenhagen: | Cost of Living in Frederiksberg | 3.13 miles |
| Cost of Living in Hillerod | 23.63 miles |
| Cost of Living in Helsingor | 27.81 miles |
| Cost of Living in Lolland | 42.03 miles |
| Cost of Living in Nykobing Falster | 79.77 miles |
| Cost of Living in Odense | 103.14 miles |
| Cost of Living in Svendborg | 109.25 miles |
| Cost of Living in Kolding | 142.16 miles |
| Cost of Living in Billund | 162.44 miles |
| Cost of Living in Horsens | 162.94 miles |
Cities near Reykjavik: | Cost of Living in Hafnarfjorour | 6.29 miles |
| Cost of Living in Akranes | 29.20 miles |
| Cost of Living in Grindavik | 31.33 miles |
| Cost of Living in Grundarfjordur | 108.80 miles |
| Cost of Living in Kirkjubaejarklaustur | 159.08 miles |
| Cost of Living in Hofsos | 210.99 miles |