Cost of Living Comparison Between Reykjavik and Copenhagen 
| Indices Difference |  |
|---|---|
| Consumer Prices in Copenhagen are 9.8% lower than in Reykjavik (without rent) | |
| Consumer Prices Including Rent in Copenhagen are 8.0% lower than in Reykjavik | |
| Rent Prices in Copenhagen are 4.1% lower than in Reykjavik | |
| Restaurant Prices in Copenhagen are 0.9% lower than in Reykjavik | |
| Groceries Prices in Copenhagen are 26.1% lower than in Reykjavik | |
| Local Purchasing Power in Copenhagen is 16.7% higher than in Reykjavik | |
Restaurants | Reykjavik Edit |
Copenhagen Edit | Difference |
|---|---|---|---|
| Meal, Inexpensive Restaurant |
2,945.00 ISK (146.15 DKK) |
3,022.55 ISK (150.00 DKK) |
+2.6 % |
| Meal for 2 People, Mid-range Restaurant, Three-course |
17,000.00 ISK (843.66 DKK) |
16,120.29 ISK (800.00 DKK) |
-5.2 % |
| McMeal at McDonalds (or Equivalent Combo Meal) |
2,350.00 ISK (116.62 DKK) |
2,015.04 ISK (100.00 DKK) |
-14.3 % |
| Domestic Beer (1 pint draught) |
1,500.00 ISK (74.44 DKK) |
1,209.02 ISK (60.00 DKK) |
-19.4 % |
| Imported Beer (12 oz small bottle) |
1,250.00 ISK (62.03 DKK) |
1,209.02 ISK (60.00 DKK) |
-3.3 % |
| Cappuccino (regular) |
711.14 ISK (35.29 DKK) |
885.40 ISK (43.94 DKK) |
+24.5 % |
| Coke/Pepsi (12 oz small bottle) |
399.48 ISK (19.82 DKK) |
535.42 ISK (26.57 DKK) |
+34.0 % |
| Water (12 oz small bottle) |
288.01 ISK (14.29 DKK) |
410.79 ISK (20.39 DKK) |
+42.6 % |
Markets | Reykjavik Edit |
Copenhagen Edit | |
| Milk (regular), (1 gallon) |
856.52 ISK (42.51 DKK) |
1,040.76 ISK (51.65 DKK) |
+21.5 % |
| Loaf of Fresh White Bread (1 lb) |
464.58 ISK (23.06 DKK) |
446.24 ISK (22.15 DKK) |
-3.9 % |
| Rice (white), (1 lb) |
207.81 ISK (10.31 DKK) |
171.53 ISK (8.51 DKK) |
-17.5 % |
| Eggs (regular) (12) |
821.68 ISK (40.78 DKK) |
655.80 ISK (32.55 DKK) |
-20.2 % |
| Local Cheese (1 lb) |
965.37 ISK (47.91 DKK) |
777.59 ISK (38.59 DKK) |
-19.5 % |
| Chicken Fillets (1 lb) |
1,233.09 ISK (61.19 DKK) |
705.97 ISK (35.04 DKK) |
-42.7 % |
| Beef Round (1 lb) (or Equivalent Back Leg Red Meat) |
1,982.11 ISK (98.37 DKK) |
1,043.48 ISK (51.78 DKK) |
-47.4 % |
| Apples (1 lb) |
212.21 ISK (10.53 DKK) |
191.96 ISK (9.53 DKK) |
-9.5 % |
| Banana (1 lb) |
134.68 ISK (6.68 DKK) |
180.70 ISK (8.97 DKK) |
+34.2 % |
| Oranges (1 lb) |
175.06 ISK (8.69 DKK) |
204.23 ISK (10.14 DKK) |
+16.7 % |
| Tomato (1 lb) |
309.60 ISK (15.36 DKK) |
277.55 ISK (13.77 DKK) |
-10.4 % |
| Potato (1 lb) |
196.68 ISK (9.76 DKK) |
137.10 ISK (6.80 DKK) |
-30.3 % |
| Onion (1 lb) |
140.44 ISK (6.97 DKK) |
120.58 ISK (5.98 DKK) |
-14.1 % |
| Lettuce (1 head) |
439.56 ISK (21.81 DKK) |
268.90 ISK (13.34 DKK) |
-38.8 % |
| Water (1.5 liter bottle) |
281.00 ISK (13.95 DKK) |
215.84 ISK (10.71 DKK) |
-23.2 % |
| Bottle of Wine (Mid-Range) |
2,749.50 ISK (136.45 DKK) |
1,410.53 ISK (70.00 DKK) |
-48.7 % |
| Domestic Beer (0.5 liter bottle) |
434.15 ISK (21.55 DKK) |
240.52 ISK (11.94 DKK) |
-44.6 % |
| Imported Beer (12 oz small bottle) |
355.89 ISK (17.66 DKK) |
338.94 ISK (16.82 DKK) |
-4.8 % |
| Cigarettes 20 Pack (Marlboro) |
1,650.00 ISK (81.88 DKK) |
1,249.32 ISK (62.00 DKK) |
-24.3 % |
Transportation | Reykjavik Edit |
Copenhagen Edit | |
| One-way Ticket (Local Transport) |
570.00 ISK (28.29 DKK) |
483.61 ISK (24.00 DKK) |
-15.2 % |
| Monthly Pass (Regular Price) |
9,300.00 ISK (461.53 DKK) |
13,097.74 ISK (650.00 DKK) |
+40.8 % |
| Taxi Start (Normal Tariff) |
730.00 ISK (36.23 DKK) |
1,007.52 ISK (50.00 DKK) |
+38.0 % |
| Taxi 1 mile (Normal Tariff) |
504.53 ISK (25.04 DKK) |
535.08 ISK (26.55 DKK) |
+6.1 % |
| Taxi 1hour Waiting (Normal Tariff) |
9,630.00 ISK (477.91 DKK) |
12,090.22 ISK (600.00 DKK) |
+25.5 % |
| Gasoline (1 gallon) |
1,194.08 ISK (59.26 DKK) |
1,081.75 ISK (53.68 DKK) |
-9.4 % |
| Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) |
5,790,000.00 ISK (287,339.74 DKK) |
6,565,292.51 ISK (325,815.10 DKK) |
+13.4 % |
| Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) |
6,031,000.00 ISK (299,299.82 DKK) |
6,098,463.94 ISK (302,647.85 DKK) |
+1.1 % |
Utilities (Monthly) | Reykjavik Edit |
Copenhagen Edit | |
| Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment |
11,713.52 ISK (581.31 DKK) |
30,048.54 ISK (1,491.22 DKK) |
+156.5 % |
| Mobile Phone Monthly Plan with Calls and 10GB+ Data |
3,254.67 ISK (161.52 DKK) |
2,256.26 ISK (111.97 DKK) |
-30.7 % |
| Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) |
9,521.77 ISK (472.54 DKK) |
5,195.07 ISK (257.82 DKK) |
-45.4 % |
Sports And Leisure | Reykjavik Edit |
Copenhagen Edit | |
| Fitness Club, Monthly Fee for 1 Adult |
9,103.59 ISK (451.78 DKK) |
6,047.02 ISK (300.09 DKK) |
-33.6 % |
| Tennis Court Rent (1 Hour on Weekend) |
4,014.29 ISK (199.22 DKK) |
4,281.54 ISK (212.48 DKK) |
+6.7 % |
| Cinema, International Release, 1 Seat |
2,000.00 ISK (99.25 DKK) |
2,569.17 ISK (127.50 DKK) |
+28.5 % |
Childcare | Reykjavik Edit |
Copenhagen Edit | |
| Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child |
33,406.33 ISK (1,657.85 DKK) |
75,995.78 ISK (3,771.43 DKK) |
+127.5 % |
| International Primary School, Yearly for 1 Child |
831,666.67 ISK (41,273.04 DKK) |
1,297,179.61 ISK (64,375.00 DKK) |
+56.0 % |
Clothing And Shoes | Reykjavik Edit |
Copenhagen Edit | |
| 1 Pair of Jeans (Levis 501 Or Similar) |
14,445.76 ISK (716.90 DKK) |
15,052.57 ISK (747.01 DKK) |
+4.2 % |
| 1 Summer Dress in a Chain Store (Zara, H&M, ...) |
6,045.00 ISK (299.99 DKK) |
6,350.99 ISK (315.18 DKK) |
+5.1 % |
| 1 Pair of Nike Running Shoes (Mid-Range) |
19,661.90 ISK (975.76 DKK) |
16,518.25 ISK (819.75 DKK) |
-16.0 % |
| 1 Pair of Men Leather Business Shoes |
24,273.12 ISK (1,204.60 DKK) |
23,359.41 ISK (1,159.26 DKK) |
-3.8 % |
Rent Per Month | Reykjavik Edit |
Copenhagen Edit | |
| Apartment (1 bedroom) in City Centre |
259,077.12 ISK (12,857.19 DKK) |
246,901.67 ISK (12,252.96 DKK) |
-4.7 % |
| Apartment (1 bedroom) Outside of Centre |
231,559.74 ISK (11,491.59 DKK) |
179,604.52 ISK (8,913.22 DKK) |
-22.4 % |
| Apartment (3 bedrooms) in City Centre |
375,965.52 ISK (18,658.00 DKK) |
421,545.59 ISK (20,920.00 DKK) |
+12.1 % |
| Apartment (3 bedrooms) Outside of Centre |
334,230.77 ISK (16,586.84 DKK) |
303,696.42 ISK (15,071.51 DKK) |
-9.1 % |
Buy Apartment Price | Reykjavik Edit |
Copenhagen Edit | |
| Price per Square Feet to Buy Apartment in City Centre |
81,846.89 ISK (4,061.81 DKK) |
103,439.45 ISK (5,133.38 DKK) |
+26.4 % |
| Price per Square Feet to Buy Apartment Outside of Centre |
64,681.33 ISK (3,209.93 DKK) |
73,191.66 ISK (3,632.27 DKK) |
+13.2 % |
Salaries And Financing | Reykjavik Edit |
Copenhagen Edit | |
| Average Monthly Net Salary (After Tax) |
513,380.43 ISK (25,477.48 DKK) |
551,268.08 ISK (27,357.72 DKK) |
+7.4 % |
| Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate | 8.14 | 4.08 | -49.9 % |
| Last update: | April 2024 | May 2024 | |
| Contributors in the past 12 months: | 162 | 252 |
Moving to Reykjavik? Explore:
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 |
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 |