Cost of Living Comparison Between Copenhagen and Reykjavik 
| Indices Difference |  |
|---|---|
| Cost of Living in Reykjavik is 10.8% higher than in Copenhagen (without rent) | |
| Cost of Living Including Rent in Reykjavik is 9.8% higher than in Copenhagen | |
| Rent Prices in Reykjavik are 7.8% higher than in Copenhagen | |
| Restaurant Prices in Reykjavik are 2.5% higher than in Copenhagen | |
| Groceries Prices in Reykjavik are 33.4% higher than in Copenhagen | |
| Local Purchasing Power in Reykjavik is 15.5% lower than in Copenhagen | |
Restaurants | Copenhagen Edit |
Reykjavik Edit | Difference |
|---|---|---|---|
| Meal, Inexpensive Restaurant |
21.82 USD (150.00 DKK) |
21.83 USD (3,000.00 ISK) |
+0.0 % |
| Meal for 2 People, Mid-range Restaurant, Three-course |
116.37 USD (800.00 DKK) |
123.68 USD (17,000.00 ISK) |
+6.3 % |
| McMeal at McDonalds (or Equivalent Combo Meal) |
14.76 USD (101.50 DKK) |
17.46 USD (2,400.00 ISK) |
+18.3 % |
| Domestic Beer (1 pint draught) |
8.73 USD (60.00 DKK) |
10.91 USD (1,500.00 ISK) |
+25.0 % |
| Imported Beer (12 oz small bottle) |
8.73 USD (60.00 DKK) |
9.09 USD (1,250.00 ISK) |
+4.2 % |
| Cappuccino (regular) |
6.38 USD (43.88 DKK) |
5.14 USD (706.74 ISK) |
-19.4 % |
| Coke/Pepsi (12 oz small bottle) |
3.69 USD (25.36 DKK) |
3.00 USD (412.07 ISK) |
-18.7 % |
| Water (12 oz small bottle) |
2.90 USD (19.95 DKK) |
2.13 USD (292.32 ISK) |
-26.7 % |
Markets | Copenhagen Edit |
Reykjavik Edit | |
| Milk (regular), (1 gallon) |
7.49 USD (51.48 DKK) |
6.23 USD (855.96 ISK) |
-16.8 % |
| Loaf of Fresh White Bread (1 lb) |
3.24 USD (22.27 DKK) |
3.38 USD (464.58 ISK) |
+4.3 % |
| Rice (white), (1 lb) |
1.25 USD (8.59 DKK) |
1.38 USD (189.98 ISK) |
+10.6 % |
| Eggs (regular) (12) |
4.78 USD (32.87 DKK) |
5.96 USD (819.16 ISK) |
+24.6 % |
| Local Cheese (1 lb) |
5.61 USD (38.59 DKK) |
7.02 USD (965.37 ISK) |
+25.1 % |
| Chicken Fillets (1 lb) |
5.12 USD (35.22 DKK) |
8.97 USD (1,233.09 ISK) |
+75.1 % |
| Beef Round (1 lb) (or Equivalent Back Leg Red Meat) |
7.62 USD (52.41 DKK) |
14.07 USD (1,934.50 ISK) |
+84.6 % |
| Apples (1 lb) |
1.40 USD (9.64 DKK) |
1.37 USD (188.37 ISK) |
-2.3 % |
| Banana (1 lb) |
1.33 USD (9.13 DKK) |
0.98 USD (134.59 ISK) |
-26.3 % |
| Oranges (1 lb) |
1.48 USD (10.17 DKK) |
1.23 USD (169.47 ISK) |
-16.7 % |
| Tomato (1 lb) |
1.98 USD (13.64 DKK) |
2.20 USD (303.07 ISK) |
+11.2 % |
| Potato (1 lb) |
0.99 USD (6.82 DKK) |
1.44 USD (198.33 ISK) |
+45.4 % |
| Onion (1 lb) |
0.90 USD (6.21 DKK) |
0.98 USD (134.12 ISK) |
+8.0 % |
| Lettuce (1 head) |
1.97 USD (13.54 DKK) |
3.16 USD (435.00 ISK) |
+60.7 % |
| Water (1.5 liter bottle) |
1.58 USD (10.84 DKK) |
2.07 USD (284.82 ISK) |
+31.4 % |
| Bottle of Wine (Mid-Range) |
10.18 USD (70.00 DKK) |
20.00 USD (2,749.50 ISK) |
+96.5 % |
| Domestic Beer (0.5 liter bottle) |
1.81 USD (12.47 DKK) |
3.19 USD (437.94 ISK) |
+75.7 % |
| Imported Beer (12 oz small bottle) |
2.45 USD (16.81 DKK) |
2.57 USD (353.50 ISK) |
+5.1 % |
| Cigarettes 20 Pack (Marlboro) |
9.02 USD (62.00 DKK) |
12.00 USD (1,650.00 ISK) |
+33.1 % |
Transportation | Copenhagen Edit |
Reykjavik Edit | |
| One-way Ticket (Local Transport) |
3.49 USD (24.00 DKK) |
4.15 USD (570.00 ISK) |
+18.8 % |
| Monthly Pass (Regular Price) |
100.00 USD (687.45 DKK) |
67.66 USD (9,300.00 ISK) |
-32.3 % |
| Taxi Start (Normal Tariff) |
7.27 USD (50.00 DKK) |
5.31 USD (730.00 ISK) |
-27.0 % |
| Taxi 1 mile (Normal Tariff) |
3.51 USD (24.14 DKK) |
3.67 USD (504.53 ISK) |
+4.5 % |
| Taxi 1hour Waiting (Normal Tariff) |
87.28 USD (600.00 DKK) |
70.06 USD (9,630.00 ISK) |
-19.7 % |
| Gasoline (1 gallon) |
7.83 USD (53.83 DKK) |
8.67 USD (1,191.65 ISK) |
+10.7 % |
| Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) |
48,000.00 USD (329,976.00 DKK) |
42,124.41 USD (5,790,000.00 ISK) |
-12.2 % |
| Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) |
44,835.42 USD (308,221.09 DKK) |
43,905.97 USD (6,034,875.00 ISK) |
-2.1 % |
Utilities (Monthly) | Copenhagen Edit |
Reykjavik Edit | |
| Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment |
208.82 USD (1,435.52 DKK) |
86.27 USD (11,857.77 ISK) |
-58.7 % |
| Mobile Phone Monthly Plan with Calls and 10GB+ Data |
16.37 USD (112.51 DKK) |
23.68 USD (3,254.67 ISK) |
+44.7 % |
| Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) |
36.98 USD (254.21 DKK) |
70.40 USD (9,676.00 ISK) |
+90.4 % |
Sports And Leisure | Copenhagen Edit |
Reykjavik Edit | |
| Fitness Club, Monthly Fee for 1 Adult |
43.40 USD (298.35 DKK) |
63.84 USD (8,775.19 ISK) |
+47.1 % |
| Tennis Court Rent (1 Hour on Weekend) |
31.72 USD (218.08 DKK) |
29.21 USD (4,014.29 ISK) |
-7.9 % |
| Cinema, International Release, 1 Seat |
18.91 USD (130.00 DKK) |
14.55 USD (2,000.00 ISK) |
-23.1 % |
Childcare | Copenhagen Edit |
Reykjavik Edit | |
| Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child |
545.12 USD (3,747.41 DKK) |
237.05 USD (32,582.12 ISK) |
-56.5 % |
| International Primary School, Yearly for 1 Child |
9,364.32 USD (64,375.00 DKK) |
6,050.69 USD (831,666.67 ISK) |
-35.4 % |
Clothing And Shoes | Copenhagen Edit |
Reykjavik Edit | |
| 1 Pair of Jeans (Levis 501 Or Similar) |
108.91 USD (748.68 DKK) |
105.91 USD (14,557.53 ISK) |
-2.8 % |
| 1 Summer Dress in a Chain Store (Zara, H&M, ...) |
46.62 USD (320.48 DKK) |
47.23 USD (6,491.15 ISK) |
+1.3 % |
| 1 Pair of Nike Running Shoes (Mid-Range) |
117.38 USD (806.91 DKK) |
145.47 USD (19,994.75 ISK) |
+23.9 % |
| 1 Pair of Men Leather Business Shoes |
171.02 USD (1,175.67 DKK) |
180.83 USD (24,855.00 ISK) |
+5.7 % |
Rent Per Month | Copenhagen Edit |
Reykjavik Edit | |
| Apartment (1 bedroom) in City Centre |
1,724.34 USD (11,853.99 DKK) |
1,902.07 USD (261,440.00 ISK) |
+10.3 % |
| Apartment (1 bedroom) Outside of Centre |
1,262.35 USD (8,678.00 DKK) |
1,706.59 USD (234,570.54 ISK) |
+35.2 % |
| Apartment (3 bedrooms) in City Centre |
3,051.86 USD (20,980.00 DKK) |
2,759.31 USD (379,266.67 ISK) |
-9.6 % |
| Apartment (3 bedrooms) Outside of Centre |
2,155.64 USD (14,818.96 DKK) |
2,462.85 USD (338,518.52 ISK) |
+14.3 % |
Buy Apartment Price | Copenhagen Edit |
Reykjavik Edit | |
| Price per Square Feet to Buy Apartment in City Centre |
745.62 USD (5,125.76 DKK) |
590.28 USD (81,134.64 ISK) |
-20.8 % |
| Price per Square Feet to Buy Apartment Outside of Centre |
518.97 USD (3,567.65 DKK) |
460.79 USD (63,335.22 ISK) |
-11.2 % |
Salaries And Financing | Copenhagen Edit |
Reykjavik Edit | |
| Average Monthly Net Salary (After Tax) |
4,024.64 USD (27,667.39 DKK) |
3,735.03 USD (513,380.43 ISK) |
-7.2 % |
| Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate | 4.28 | 8.14 | +90.3 % |
| Last update: | May 2024 | May 2024 | |
| Contributors in the past 12 months: | 250 | 168 |
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 |