Cost of Living Comparison Between Reykjavik and Copenhagen 
| Indices Difference |  |
|---|---|
| Cost of Living in Copenhagen is 10.3% lower than in Reykjavik (without rent) | |
| Cost of Living Including Rent in Copenhagen is 9.0% lower than in Reykjavik | |
| Rent Prices in Copenhagen are 6.1% lower than in Reykjavik | |
| Restaurant Prices in Copenhagen are 2.1% lower than in Reykjavik | |
| Groceries Prices in Copenhagen are 25.9% lower than in Reykjavik | |
| Local Purchasing Power in Copenhagen is 18.5% higher than in Reykjavik | |
Restaurants | Reykjavik Edit |
Copenhagen Edit | Difference |
|---|---|---|---|
| Meal, Inexpensive Restaurant |
3,000.00 ISK (149.15 DKK) |
3,017.12 ISK (150.00 DKK) |
+0.6 % |
| Meal for 2 People, Mid-range Restaurant, Three-course |
17,000.00 ISK (845.18 DKK) |
16,091.29 ISK (800.00 DKK) |
-5.3 % |
| McMeal at McDonalds (or Equivalent Combo Meal) |
2,400.00 ISK (119.32 DKK) |
2,011.41 ISK (100.00 DKK) |
-16.2 % |
| Domestic Beer (0.5 liter draught) |
1,500.00 ISK (74.57 DKK) |
1,206.85 ISK (60.00 DKK) |
-19.5 % |
| Imported Beer (0.33 liter bottle) |
1,250.00 ISK (62.15 DKK) |
1,206.85 ISK (60.00 DKK) |
-3.5 % |
| Cappuccino (regular) |
706.94 ISK (35.15 DKK) |
875.93 ISK (43.55 DKK) |
+23.9 % |
| Coke/Pepsi (0.33 liter bottle) |
403.50 ISK (20.06 DKK) |
504.18 ISK (25.07 DKK) |
+25.0 % |
| Water (0.33 liter bottle) |
287.93 ISK (14.31 DKK) |
394.21 ISK (19.60 DKK) |
+36.9 % |
Markets | Reykjavik Edit |
Copenhagen Edit | |
| Milk (regular), (1 liter) |
226.27 ISK (11.25 DKK) |
274.55 ISK (13.65 DKK) |
+21.3 % |
| Loaf of Fresh White Bread (500g) |
512.11 ISK (25.46 DKK) |
485.65 ISK (24.14 DKK) |
-5.2 % |
| Rice (white), (1kg) |
458.14 ISK (22.78 DKK) |
376.92 ISK (18.74 DKK) |
-17.7 % |
| Eggs (regular) (12) |
821.68 ISK (40.85 DKK) |
655.06 ISK (32.57 DKK) |
-20.3 % |
| Local Cheese (1kg) |
2,128.28 ISK (105.81 DKK) |
1,711.15 ISK (85.07 DKK) |
-19.6 % |
| Chicken Fillets (1kg) |
2,718.50 ISK (135.15 DKK) |
1,563.47 ISK (77.73 DKK) |
-42.5 % |
| Beef Round (1kg) (or Equivalent Back Leg Red Meat) |
4,369.81 ISK (217.25 DKK) |
2,337.94 ISK (116.23 DKK) |
-46.5 % |
| Apples (1kg) |
467.85 ISK (23.26 DKK) |
427.26 ISK (21.24 DKK) |
-8.7 % |
| Banana (1kg) |
296.82 ISK (14.76 DKK) |
404.92 ISK (20.13 DKK) |
+36.4 % |
| Oranges (1kg) |
385.94 ISK (19.19 DKK) |
451.20 ISK (22.43 DKK) |
+16.9 % |
| Tomato (1kg) |
682.55 ISK (33.93 DKK) |
604.77 ISK (30.07 DKK) |
-11.4 % |
| Potato (1kg) |
433.61 ISK (21.56 DKK) |
302.55 ISK (15.04 DKK) |
-30.2 % |
| Onion (1kg) |
309.62 ISK (15.39 DKK) |
264.70 ISK (13.16 DKK) |
-14.5 % |
| Lettuce (1 head) |
439.56 ISK (21.85 DKK) |
272.31 ISK (13.54 DKK) |
-38.0 % |
| Water (1.5 liter bottle) |
281.00 ISK (13.97 DKK) |
218.14 ISK (10.85 DKK) |
-22.4 % |
| Bottle of Wine (Mid-Range) |
2,749.50 ISK (136.70 DKK) |
1,407.99 ISK (70.00 DKK) |
-48.8 % |
| Domestic Beer (0.5 liter bottle) |
434.15 ISK (21.58 DKK) |
250.75 ISK (12.47 DKK) |
-42.2 % |
| Imported Beer (0.33 liter bottle) |
355.89 ISK (17.69 DKK) |
338.25 ISK (16.82 DKK) |
-5.0 % |
| Cigarettes 20 Pack (Marlboro) |
1,650.00 ISK (82.03 DKK) |
1,247.08 ISK (62.00 DKK) |
-24.4 % |
Transportation | Reykjavik Edit |
Copenhagen Edit | |
| One-way Ticket (Local Transport) |
570.00 ISK (28.34 DKK) |
482.74 ISK (24.00 DKK) |
-15.3 % |
| Monthly Pass (Regular Price) |
9,300.00 ISK (462.36 DKK) |
13,468.56 ISK (669.61 DKK) |
+44.8 % |
| Taxi Start (Normal Tariff) |
730.00 ISK (36.29 DKK) |
1,005.71 ISK (50.00 DKK) |
+37.8 % |
| Taxi 1km (Normal Tariff) |
313.50 ISK (15.59 DKK) |
301.71 ISK (15.00 DKK) |
-3.8 % |
| Taxi 1hour Waiting (Normal Tariff) |
9,630.00 ISK (478.77 DKK) |
12,068.47 ISK (600.00 DKK) |
+25.3 % |
| Gasoline (1 liter) |
314.80 ISK (15.65 DKK) |
285.07 ISK (14.17 DKK) |
-9.4 % |
| Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) |
5,790,000.00 ISK (287,857.57 DKK) |
6,535,256.23 ISK (324,908.98 DKK) |
+12.9 % |
| Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) |
6,031,000.00 ISK (299,839.21 DKK) |
6,087,493.25 ISK (302,647.85 DKK) |
+0.9 % |
Utilities (Monthly) | Reykjavik Edit |
Copenhagen Edit | |
| Basic (Electricity, Heating, Cooling, Water, Garbage) for 85m2 Apartment |
11,707.96 ISK (582.08 DKK) |
28,882.41 ISK (1,435.93 DKK) |
+146.7 % |
| Mobile Phone Monthly Plan with Calls and 10GB+ Data |
3,254.67 ISK (161.81 DKK) |
2,233.78 ISK (111.06 DKK) |
-31.4 % |
| Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) |
9,511.22 ISK (472.86 DKK) |
5,106.42 ISK (253.87 DKK) |
-46.3 % |
Sports And Leisure | Reykjavik Edit |
Copenhagen Edit | |
| Fitness Club, Monthly Fee for 1 Adult |
9,103.59 ISK (452.60 DKK) |
5,924.03 ISK (294.52 DKK) |
-34.9 % |
| Tennis Court Rent (1 Hour on Weekend) |
4,014.29 ISK (199.58 DKK) |
4,271.82 ISK (212.38 DKK) |
+6.4 % |
| Cinema, International Release, 1 Seat |
2,000.00 ISK (99.43 DKK) |
2,614.83 ISK (130.00 DKK) |
+30.7 % |
Childcare | Reykjavik Edit |
Copenhagen Edit | |
| Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child |
33,406.33 ISK (1,660.84 DKK) |
76,469.67 ISK (3,801.79 DKK) |
+128.9 % |
| International Primary School, Yearly for 1 Child |
831,666.67 ISK (41,347.42 DKK) |
1,294,846.08 ISK (64,375.00 DKK) |
+55.7 % |
Clothing And Shoes | Reykjavik Edit |
Copenhagen Edit | |
| 1 Pair of Jeans (Levis 501 Or Similar) |
14,582.11 ISK (724.97 DKK) |
14,638.75 ISK (727.78 DKK) |
+0.4 % |
| 1 Summer Dress in a Chain Store (Zara, H&M, ...) |
6,045.00 ISK (300.54 DKK) |
6,062.86 ISK (301.42 DKK) |
+0.3 % |
| 1 Pair of Nike Running Shoes (Mid-Range) |
19,661.90 ISK (977.52 DKK) |
15,881.98 ISK (789.59 DKK) |
-19.2 % |
| 1 Pair of Men Leather Business Shoes |
24,273.12 ISK (1,206.77 DKK) |
22,866.01 ISK (1,136.81 DKK) |
-5.8 % |
Rent Per Month | Reykjavik Edit |
Copenhagen Edit | |
| Apartment (1 bedroom) in City Centre |
259,077.12 ISK (12,880.36 DKK) |
239,503.15 ISK (11,907.22 DKK) |
-7.6 % |
| Apartment (1 bedroom) Outside of Centre |
231,544.26 ISK (11,511.53 DKK) |
175,798.21 ISK (8,740.04 DKK) |
-24.1 % |
| Apartment (3 bedrooms) in City Centre |
375,965.52 ISK (18,691.63 DKK) |
413,948.46 ISK (20,580.00 DKK) |
+10.1 % |
| Apartment (3 bedrooms) Outside of Centre |
334,230.77 ISK (16,616.73 DKK) |
297,901.03 ISK (14,810.55 DKK) |
-10.9 % |
Buy Apartment Price | Reykjavik Edit |
Copenhagen Edit | |
| Price per Square Meter to Buy Apartment in City Centre |
880,999.95 ISK (43,800.09 DKK) |
1,101,790.82 ISK (54,777.00 DKK) |
+25.1 % |
| Price per Square Meter to Buy Apartment Outside of Centre |
699,720.25 ISK (34,787.53 DKK) |
768,143.76 ISK (38,189.29 DKK) |
+9.8 % |
Salaries And Financing | Reykjavik Edit |
Copenhagen Edit | |
| Average Monthly Net Salary (After Tax) |
513,380.43 ISK (25,523.39 DKK) |
553,898.50 ISK (27,537.80 DKK) |
+7.9 % |
| Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate | 8.14 | 4.12 | -49.4 % |
| Last update: | May 2024 | May 2024 | |
| Contributors in the past 12 months: | 165 | 256 |
Moving to Reykjavik? Explore:
Cities near Reykjavik: | Cost of Living in Hafnarfjorour | 10.12 km |
| Cost of Living in Akranes | 46.99 km |
| Cost of Living in Grindavik | 50.42 km |
| Cost of Living in Grundarfjordur | 175.10 km |
| Cost of Living in Kirkjubaejarklaustur | 256.02 km |
| Cost of Living in Hofsos | 339.56 km |
Cities near Copenhagen: | Cost of Living in Frederiksberg | 5.04 km |
| Cost of Living in Hillerod | 38.02 km |
| Cost of Living in Helsingor | 44.76 km |
| Cost of Living in Lolland | 67.65 km |
| Cost of Living in Nykobing Falster | 128.38 km |
| Cost of Living in Odense | 165.99 km |
| Cost of Living in Svendborg | 175.83 km |
| Cost of Living in Kolding | 228.79 km |
| Cost of Living in Billund | 261.43 km |
| Cost of Living in Horsens | 262.22 km |