Cost of Living Comparison Between Denmark and Iceland 
| Indices Difference |  |
|---|---|
| Cost of Living in Iceland is 25.6% higher than in Denmark (excluding rent) | |
| Cost of Living Including Rent in Iceland is 35.2% higher than in Denmark | |
| Rent Prices in Iceland are 66.1% higher than in Denmark | |
| Restaurant Prices in Iceland are 18.2% higher than in Denmark | |
| Groceries Prices in Iceland are 49.0% higher than in Denmark | |
| Local Purchasing Power in Iceland is 16.5% lower than in Denmark | |
Restaurants | Denmark Edit |
Iceland Edit | Difference |
|---|---|---|---|
| Meal, Inexpensive Restaurant |
150.00 DKK (2,911.71 ISK) |
163.56 DKK (3,175.00 ISK) |
+9.0 % |
| Meal for 2 People, Mid-range Restaurant, Three-course |
700.00 DKK (13,587.99 ISK) |
927.29 DKK (18,000.00 ISK) |
+32.5 % |
| McMeal at McDonalds (or Equivalent Combo Meal) |
96.97 DKK (1,882.40 ISK) |
128.79 DKK (2,500.00 ISK) |
+32.8 % |
| Domestic Beer (1 pint draught) |
55.00 DKK (1,067.63 ISK) |
77.27 DKK (1,500.00 ISK) |
+40.5 % |
| Imported Beer (12 oz small bottle) |
50.00 DKK (970.57 ISK) |
66.97 DKK (1,300.00 ISK) |
+33.9 % |
| Cappuccino (regular) |
41.25 DKK (800.79 ISK) |
38.64 DKK (750.13 ISK) |
-6.3 % |
| Coke/Pepsi (12 oz small bottle) |
26.08 DKK (506.26 ISK) |
20.75 DKK (402.88 ISK) |
-20.4 % |
| Water (12 oz small bottle) |
19.98 DKK (387.83 ISK) |
16.88 DKK (327.62 ISK) |
-15.5 % |
Markets | Denmark Edit |
Iceland Edit | |
| Milk (regular), (1 gallon) |
51.68 DKK (1,003.17 ISK) |
45.91 DKK (891.09 ISK) |
-11.2 % |
| Loaf of Fresh White Bread (1 lb) |
20.21 DKK (392.39 ISK) |
23.91 DKK (464.12 ISK) |
+18.3 % |
| Rice (white), (1 lb) |
7.25 DKK (140.73 ISK) |
10.13 DKK (196.62 ISK) |
+39.7 % |
| Eggs (regular) (12) |
32.75 DKK (635.80 ISK) |
41.42 DKK (803.95 ISK) |
+26.4 % |
| Local Cheese (1 lb) |
41.88 DKK (812.98 ISK) |
54.11 DKK (1,050.28 ISK) |
+29.2 % |
| Chicken Fillets (1 lb) |
34.31 DKK (665.91 ISK) |
70.09 DKK (1,360.57 ISK) |
+104.3 % |
| Beef Round (1 lb) (or Equivalent Back Leg Red Meat) |
51.22 DKK (994.23 ISK) |
124.42 DKK (2,415.14 ISK) |
+142.9 % |
| Apples (1 lb) |
9.50 DKK (184.33 ISK) |
8.98 DKK (174.26 ISK) |
-5.5 % |
| Banana (1 lb) |
9.93 DKK (192.71 ISK) |
7.16 DKK (139.01 ISK) |
-27.9 % |
| Oranges (1 lb) |
10.64 DKK (206.50 ISK) |
8.45 DKK (163.94 ISK) |
-20.6 % |
| Tomato (1 lb) |
14.09 DKK (273.57 ISK) |
14.25 DKK (276.66 ISK) |
+1.1 % |
| Potato (1 lb) |
6.58 DKK (127.72 ISK) |
10.45 DKK (202.90 ISK) |
+58.9 % |
| Onion (1 lb) |
5.83 DKK (113.25 ISK) |
6.50 DKK (126.10 ISK) |
+11.4 % |
| Lettuce (1 head) |
13.72 DKK (266.39 ISK) |
20.31 DKK (394.21 ISK) |
+48.0 % |
| Water (1.5 liter bottle) |
9.46 DKK (183.61 ISK) |
14.37 DKK (278.99 ISK) |
+51.9 % |
| Bottle of Wine (Mid-Range) |
65.00 DKK (1,261.74 ISK) |
151.97 DKK (2,950.00 ISK) |
+133.8 % |
| Domestic Beer (0.5 liter bottle) |
12.26 DKK (237.89 ISK) |
23.60 DKK (458.18 ISK) |
+92.6 % |
| Imported Beer (12 oz small bottle) |
16.34 DKK (317.23 ISK) |
20.07 DKK (389.57 ISK) |
+22.8 % |
| Cigarettes 20 Pack (Marlboro) |
63.00 DKK (1,222.92 ISK) |
91.16 DKK (1,769.50 ISK) |
+44.7 % |
Transportation | Denmark Edit |
Iceland Edit | |
| One-way Ticket (Local Transport) |
24.00 DKK (465.87 ISK) |
32.97 DKK (640.00 ISK) |
+37.4 % |
| Monthly Pass (Regular Price) |
600.00 DKK (11,646.85 ISK) |
538.34 DKK (10,450.00 ISK) |
-10.3 % |
| Taxi Start (Normal Tariff) |
50.00 DKK (970.57 ISK) |
40.70 DKK (790.00 ISK) |
-18.6 % |
| Taxi 1 mile (Normal Tariff) |
24.14 DKK (468.59 ISK) |
26.86 DKK (521.43 ISK) |
+11.3 % |
| Taxi 1hour Waiting (Normal Tariff) |
500.00 DKK (9,705.71 ISK) |
551.74 DKK (10,710.00 ISK) |
+10.3 % |
| Gasoline (1 gallon) |
53.98 DKK (1,047.76 ISK) |
60.77 DKK (1,179.65 ISK) |
+12.6 % |
| Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) |
320,000.00 DKK (6,211,652.07 ISK) |
303,429.74 DKK (5,890,000.00 ISK) |
-5.2 % |
| Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) |
328,384.34 DKK (6,374,404.00 ISK) |
343,440.57 DKK (6,666,666.67 ISK) |
+4.6 % |
Utilities (Monthly) | Denmark Edit |
Iceland Edit | |
| Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment |
1,504.97 DKK (29,213.51 ISK) |
576.12 DKK (11,183.22 ISK) |
-61.7 % |
| Mobile Phone Monthly Plan with Calls and 10GB+ Data |
127.32 DKK (2,471.42 ISK) |
176.72 DKK (3,430.36 ISK) |
+38.8 % |
| Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) |
268.33 DKK (5,208.76 ISK) |
555.52 DKK (10,783.47 ISK) |
+107.0 % |
Sports And Leisure | Denmark Edit |
Iceland Edit | |
| Fitness Club, Monthly Fee for 1 Adult |
285.46 DKK (5,541.09 ISK) |
512.75 DKK (9,953.18 ISK) |
+79.6 % |
| Tennis Court Rent (1 Hour on Weekend) |
208.46 DKK (4,046.50 ISK) |
240.41 DKK (4,666.67 ISK) |
+15.3 % |
| Cinema, International Release, 1 Seat |
125.00 DKK (2,426.43 ISK) |
112.82 DKK (2,190.00 ISK) |
-9.7 % |
Childcare | Denmark Edit |
Iceland Edit | |
| Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child |
3,478.23 DKK (67,517.37 ISK) |
2,247.66 DKK (43,630.30 ISK) |
-35.4 % |
| International Primary School, Yearly for 1 Child |
46,066.80 DKK (894,221.67 ISK) |
192,891.42 DKK (3,744,295.00 ISK) |
+318.7 % |
Clothing And Shoes | Denmark Edit |
Iceland Edit | |
| 1 Pair of Jeans (Levis 501 Or Similar) |
756.85 DKK (14,691.53 ISK) |
887.23 DKK (17,222.35 ISK) |
+17.2 % |
| 1 Summer Dress in a Chain Store (Zara, H&M, ...) |
302.66 DKK (5,875.06 ISK) |
407.75 DKK (7,915.00 ISK) |
+34.7 % |
| 1 Pair of Nike Running Shoes (Mid-Range) |
804.10 DKK (15,608.72 ISK) |
1,118.76 DKK (21,716.67 ISK) |
+39.1 % |
| 1 Pair of Men Leather Business Shoes |
1,118.44 DKK (21,710.42 ISK) |
1,626.94 DKK (31,581.25 ISK) |
+45.5 % |
Rent Per Month | Denmark Edit |
Iceland Edit | |
| Apartment (1 bedroom) in City Centre |
7,795.15 DKK (151,314.93 ISK) |
14,166.92 DKK (275,000.00 ISK) |
+81.7 % |
| Apartment (1 bedroom) Outside of Centre |
6,070.14 DKK (117,830.03 ISK) |
12,793.16 DKK (248,333.33 ISK) |
+110.8 % |
| Apartment (3 bedrooms) in City Centre |
14,245.71 DKK (276,529.35 ISK) |
20,295.36 DKK (393,961.54 ISK) |
+42.5 % |
| Apartment (3 bedrooms) Outside of Centre |
10,814.96 DKK (209,933.68 ISK) |
17,416.25 DKK (338,074.07 ISK) |
+61.0 % |
Buy Apartment Price | Denmark Edit |
Iceland Edit | |
| Price per Square Feet to Buy Apartment in City Centre |
3,431.61 DKK (66,612.43 ISK) |
4,449.45 DKK (86,370.14 ISK) |
+29.7 % |
| Price per Square Feet to Buy Apartment Outside of Centre |
2,434.94 DKK (47,265.62 ISK) |
3,776.79 DKK (73,312.85 ISK) |
+55.1 % |
Salaries And Financing | Denmark Edit |
Iceland Edit | |
| Average Monthly Net Salary (After Tax) |
25,738.22 DKK (499,615.20 ISK) |
29,053.68 DKK (563,973.03 ISK) |
+12.9 % |
| Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate | 4.21 | 9.90 | +135.1 % |
| Last update: | 23 May 2025 | 21 May 2025 | |
| Contributors in the past 12 months: | 434 | 152 |
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