Cost of Living Comparison Between Reykjavik and Copenhagen 
| Indices Difference |  |
|---|---|
| Cost of Living in Copenhagen is 9.6% lower than in Reykjavik (without rent) | |
| Cost of Living Including Rent in Copenhagen is 8.2% lower than in Reykjavik | |
| Rent Prices in Copenhagen are 5.1% lower than in Reykjavik | |
| Restaurant Prices in Copenhagen are 2.6% lower than in Reykjavik | |
| Groceries Prices in Copenhagen are 24.7% lower than in Reykjavik | |
| Local Purchasing Power in Copenhagen is 17.8% higher than in Reykjavik | |
Restaurants | Reykjavik Edit |
Copenhagen Edit | Difference |
|---|---|---|---|
| Meal, Inexpensive Restaurant |
3,000.00 ISK (150.30 DKK) |
2,994.11 ISK (150.00 DKK) |
-0.2 % |
| Meal for 2 People, Mid-range Restaurant, Three-course |
17,000.00 ISK (851.67 DKK) |
15,968.58 ISK (800.00 DKK) |
-6.1 % |
| McMeal at McDonalds (or Equivalent Combo Meal) |
2,400.00 ISK (120.24 DKK) |
2,026.01 ISK (101.50 DKK) |
-15.6 % |
| Domestic Beer (1 pint draught) |
1,500.00 ISK (75.15 DKK) |
1,197.64 ISK (60.00 DKK) |
-20.2 % |
| Imported Beer (12 oz small bottle) |
1,250.00 ISK (62.62 DKK) |
1,197.64 ISK (60.00 DKK) |
-4.2 % |
| Cappuccino (regular) |
708.39 ISK (35.49 DKK) |
875.82 ISK (43.88 DKK) |
+23.6 % |
| Coke/Pepsi (12 oz small bottle) |
412.32 ISK (20.66 DKK) |
506.31 ISK (25.37 DKK) |
+22.8 % |
| Water (12 oz small bottle) |
292.44 ISK (14.65 DKK) |
405.96 ISK (20.34 DKK) |
+38.8 % |
Markets | Reykjavik Edit |
Copenhagen Edit | |
| Milk (regular), (1 gallon) |
855.96 ISK (42.88 DKK) |
1,035.76 ISK (51.89 DKK) |
+21.0 % |
| Loaf of Fresh White Bread (1 lb) |
464.58 ISK (23.27 DKK) |
443.00 ISK (22.19 DKK) |
-4.6 % |
| Rice (white), (1 lb) |
189.98 ISK (9.52 DKK) |
170.26 ISK (8.53 DKK) |
-10.4 % |
| Eggs (regular) (12) |
819.16 ISK (41.04 DKK) |
660.77 ISK (33.10 DKK) |
-19.3 % |
| Local Cheese (1 lb) |
965.37 ISK (48.36 DKK) |
780.13 ISK (39.08 DKK) |
-19.2 % |
| Chicken Fillets (1 lb) |
1,233.09 ISK (61.78 DKK) |
707.25 ISK (35.43 DKK) |
-42.6 % |
| Beef Round (1 lb) (or Equivalent Back Leg Red Meat) |
1,934.50 ISK (96.92 DKK) |
1,049.27 ISK (52.57 DKK) |
-45.8 % |
| Apples (1 lb) |
188.37 ISK (9.44 DKK) |
192.51 ISK (9.64 DKK) |
+2.2 % |
| Banana (1 lb) |
134.65 ISK (6.75 DKK) |
185.42 ISK (9.29 DKK) |
+37.7 % |
| Oranges (1 lb) |
169.47 ISK (8.49 DKK) |
203.17 ISK (10.18 DKK) |
+19.9 % |
| Tomato (1 lb) |
303.07 ISK (15.18 DKK) |
279.25 ISK (13.99 DKK) |
-7.9 % |
| Potato (1 lb) |
198.33 ISK (9.94 DKK) |
137.98 ISK (6.91 DKK) |
-30.4 % |
| Onion (1 lb) |
134.12 ISK (6.72 DKK) |
124.49 ISK (6.24 DKK) |
-7.2 % |
| Lettuce (1 head) |
435.00 ISK (21.79 DKK) |
270.24 ISK (13.54 DKK) |
-37.9 % |
| Water (1.5 liter bottle) |
284.82 ISK (14.27 DKK) |
222.31 ISK (11.14 DKK) |
-21.9 % |
| Bottle of Wine (Mid-Range) |
2,749.50 ISK (137.75 DKK) |
1,397.25 ISK (70.00 DKK) |
-49.2 % |
| Domestic Beer (0.5 liter bottle) |
437.94 ISK (21.94 DKK) |
250.64 ISK (12.56 DKK) |
-42.8 % |
| Imported Beer (12 oz small bottle) |
353.50 ISK (17.71 DKK) |
335.82 ISK (16.82 DKK) |
-5.0 % |
| Cigarettes 20 Pack (Marlboro) |
1,650.00 ISK (82.66 DKK) |
1,244.46 ISK (62.35 DKK) |
-24.6 % |
Transportation | Reykjavik Edit |
Copenhagen Edit | |
| One-way Ticket (Local Transport) |
570.00 ISK (28.56 DKK) |
479.06 ISK (24.00 DKK) |
-16.0 % |
| Monthly Pass (Regular Price) |
9,300.00 ISK (465.92 DKK) |
13,938.27 ISK (698.28 DKK) |
+49.9 % |
| Taxi Start (Normal Tariff) |
730.00 ISK (36.57 DKK) |
998.04 ISK (50.00 DKK) |
+36.7 % |
| Taxi 1 mile (Normal Tariff) |
504.53 ISK (25.28 DKK) |
481.86 ISK (24.14 DKK) |
-4.5 % |
| Taxi 1hour Waiting (Normal Tariff) |
9,630.00 ISK (482.45 DKK) |
11,976.43 ISK (600.00 DKK) |
+24.4 % |
| Gasoline (1 gallon) |
1,191.65 ISK (59.70 DKK) |
1,074.90 ISK (53.85 DKK) |
-9.8 % |
| Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) |
5,790,000.00 ISK (290,069.69 DKK) |
6,673,938.67 ISK (334,353.60 DKK) |
+15.3 % |
| Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) |
6,034,875.00 ISK (302,337.54 DKK) |
6,152,314.97 ISK (308,221.09 DKK) |
+1.9 % |
Utilities (Monthly) | Reykjavik Edit |
Copenhagen Edit | |
| Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment |
11,867.71 ISK (594.55 DKK) |
28,391.73 ISK (1,422.38 DKK) |
+139.2 % |
| Mobile Phone Monthly Plan with Calls and 10GB+ Data |
3,254.67 ISK (163.05 DKK) |
2,280.08 ISK (114.23 DKK) |
-29.9 % |
| Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) |
9,679.64 ISK (484.93 DKK) |
5,113.64 ISK (256.19 DKK) |
-47.2 % |
Sports And Leisure | Reykjavik Edit |
Copenhagen Edit | |
| Fitness Club, Monthly Fee for 1 Adult |
8,775.19 ISK (439.62 DKK) |
5,959.81 ISK (298.58 DKK) |
-32.1 % |
| Tennis Court Rent (1 Hour on Weekend) |
4,014.29 ISK (201.11 DKK) |
4,261.08 ISK (213.47 DKK) |
+6.1 % |
| Cinema, International Release, 1 Seat |
2,000.00 ISK (100.20 DKK) |
2,594.89 ISK (130.00 DKK) |
+29.7 % |
Childcare | Reykjavik Edit |
Copenhagen Edit | |
| Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child |
32,582.12 ISK (1,632.31 DKK) |
74,800.98 ISK (3,747.41 DKK) |
+129.6 % |
| International Primary School, Yearly for 1 Child |
831,666.67 ISK (41,665.16 DKK) |
1,284,971.37 ISK (64,375.00 DKK) |
+54.5 % |
Clothing And Shoes | Reykjavik Edit |
Copenhagen Edit | |
| 1 Pair of Jeans (Levis 501 Or Similar) |
14,557.53 ISK (729.31 DKK) |
14,944.31 ISK (748.69 DKK) |
+2.7 % |
| 1 Summer Dress in a Chain Store (Zara, H&M, ...) |
6,491.15 ISK (325.20 DKK) |
6,260.60 ISK (313.65 DKK) |
-3.6 % |
| 1 Pair of Nike Running Shoes (Mid-Range) |
19,994.75 ISK (1,001.70 DKK) |
16,107.99 ISK (806.98 DKK) |
-19.4 % |
| 1 Pair of Men Leather Business Shoes |
24,855.00 ISK (1,245.20 DKK) |
23,476.63 ISK (1,176.14 DKK) |
-5.5 % |
Rent Per Month | Reykjavik Edit |
Copenhagen Edit | |
| Apartment (1 bedroom) in City Centre |
259,077.12 ISK (12,979.35 DKK) |
239,853.96 ISK (12,016.30 DKK) |
-7.4 % |
| Apartment (1 bedroom) Outside of Centre |
233,278.70 ISK (11,686.89 DKK) |
177,417.95 ISK (8,888.35 DKK) |
-23.9 % |
| Apartment (3 bedrooms) in City Centre |
373,433.33 ISK (18,708.41 DKK) |
425,594.78 ISK (21,321.61 DKK) |
+14.0 % |
| Apartment (3 bedrooms) Outside of Centre |
336,250.00 ISK (16,845.58 DKK) |
297,597.65 ISK (14,909.16 DKK) |
-11.5 % |
Buy Apartment Price | Reykjavik Edit |
Copenhagen Edit | |
| Price per Square Feet to Buy Apartment in City Centre |
81,134.64 ISK (4,064.72 DKK) |
102,313.92 ISK (5,125.76 DKK) |
+26.1 % |
| Price per Square Feet to Buy Apartment Outside of Centre |
63,335.22 ISK (3,172.99 DKK) |
71,212.80 ISK (3,567.65 DKK) |
+12.4 % |
Salaries And Financing | Reykjavik Edit |
Copenhagen Edit | |
| Average Monthly Net Salary (After Tax) |
513,380.43 ISK (25,719.53 DKK) |
555,429.42 ISK (27,826.12 DKK) |
+8.2 % |
| Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate | 8.14 | 4.27 | -47.6 % |
| Last update: | June 2024 | June 2024 | |
| Contributors in the past 12 months: | 173 | 256 |
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 |