Cost of Living Comparison Between Iceland and Denmark 
| Indices Difference |  |
|---|---|
| Cost of Living in Denmark is 20.4% lower than in Iceland (excluding rent) | |
| Cost of Living Including Rent in Denmark is 26.0% lower than in Iceland | |
| Rent Prices in Denmark are 39.8% lower than in Iceland | |
| Restaurant Prices in Denmark are 15.4% lower than in Iceland | |
| Groceries Prices in Denmark are 32.9% lower than in Iceland | |
| Local Purchasing Power in Denmark is 19.7% higher than in Iceland | |
Restaurants | Iceland Edit |
Denmark Edit | Difference |
|---|---|---|---|
| Meal, Inexpensive Restaurant |
3,175.00 ISK (163.56 DKK) |
2,911.71 ISK (150.00 DKK) |
-8.3 % |
| Meal for 2 People, Mid-range Restaurant, Three-course |
18,000.00 ISK (927.29 DKK) |
13,587.99 ISK (700.00 DKK) |
-24.5 % |
| McMeal at McDonalds (or Equivalent Combo Meal) |
2,500.00 ISK (128.79 DKK) |
1,882.40 ISK (96.97 DKK) |
-24.7 % |
| Domestic Beer (1 pint draught) |
1,500.00 ISK (77.27 DKK) |
1,067.63 ISK (55.00 DKK) |
-28.8 % |
| Imported Beer (12 oz small bottle) |
1,300.00 ISK (66.97 DKK) |
970.57 ISK (50.00 DKK) |
-25.3 % |
| Cappuccino (regular) |
750.13 ISK (38.64 DKK) |
800.79 ISK (41.25 DKK) |
+6.8 % |
| Coke/Pepsi (12 oz small bottle) |
402.88 ISK (20.75 DKK) |
506.26 ISK (26.08 DKK) |
+25.7 % |
| Water (12 oz small bottle) |
327.62 ISK (16.88 DKK) |
387.83 ISK (19.98 DKK) |
+18.4 % |
Markets | Iceland Edit |
Denmark Edit | |
| Milk (regular), (1 gallon) |
891.09 ISK (45.91 DKK) |
1,003.17 ISK (51.68 DKK) |
+12.6 % |
| Loaf of Fresh White Bread (1 lb) |
464.12 ISK (23.91 DKK) |
392.39 ISK (20.21 DKK) |
-15.5 % |
| Rice (white), (1 lb) |
196.62 ISK (10.13 DKK) |
140.73 ISK (7.25 DKK) |
-28.4 % |
| Eggs (regular) (12) |
803.95 ISK (41.42 DKK) |
635.80 ISK (32.75 DKK) |
-20.9 % |
| Local Cheese (1 lb) |
1,050.28 ISK (54.11 DKK) |
812.98 ISK (41.88 DKK) |
-22.6 % |
| Chicken Fillets (1 lb) |
1,360.57 ISK (70.09 DKK) |
665.91 ISK (34.31 DKK) |
-51.1 % |
| Beef Round (1 lb) (or Equivalent Back Leg Red Meat) |
2,415.14 ISK (124.42 DKK) |
994.23 ISK (51.22 DKK) |
-58.8 % |
| Apples (1 lb) |
174.26 ISK (8.98 DKK) |
184.33 ISK (9.50 DKK) |
+5.8 % |
| Banana (1 lb) |
139.01 ISK (7.16 DKK) |
192.71 ISK (9.93 DKK) |
+38.6 % |
| Oranges (1 lb) |
163.94 ISK (8.45 DKK) |
206.50 ISK (10.64 DKK) |
+26.0 % |
| Tomato (1 lb) |
276.66 ISK (14.25 DKK) |
273.57 ISK (14.09 DKK) |
-1.1 % |
| Potato (1 lb) |
202.90 ISK (10.45 DKK) |
127.72 ISK (6.58 DKK) |
-37.1 % |
| Onion (1 lb) |
126.10 ISK (6.50 DKK) |
113.25 ISK (5.83 DKK) |
-10.2 % |
| Lettuce (1 head) |
394.21 ISK (20.31 DKK) |
266.39 ISK (13.72 DKK) |
-32.4 % |
| Water (1.5 liter bottle) |
278.99 ISK (14.37 DKK) |
183.61 ISK (9.46 DKK) |
-34.2 % |
| Bottle of Wine (Mid-Range) |
2,950.00 ISK (151.97 DKK) |
1,261.74 ISK (65.00 DKK) |
-57.2 % |
| Domestic Beer (0.5 liter bottle) |
458.18 ISK (23.60 DKK) |
237.89 ISK (12.26 DKK) |
-48.1 % |
| Imported Beer (12 oz small bottle) |
389.57 ISK (20.07 DKK) |
317.23 ISK (16.34 DKK) |
-18.6 % |
| Cigarettes 20 Pack (Marlboro) |
1,769.50 ISK (91.16 DKK) |
1,222.92 ISK (63.00 DKK) |
-30.9 % |
Transportation | Iceland Edit |
Denmark Edit | |
| One-way Ticket (Local Transport) |
640.00 ISK (32.97 DKK) |
465.87 ISK (24.00 DKK) |
-27.2 % |
| Monthly Pass (Regular Price) |
10,450.00 ISK (538.34 DKK) |
11,646.85 ISK (600.00 DKK) |
+11.5 % |
| Taxi Start (Normal Tariff) |
790.00 ISK (40.70 DKK) |
970.57 ISK (50.00 DKK) |
+22.9 % |
| Taxi 1 mile (Normal Tariff) |
521.43 ISK (26.86 DKK) |
468.59 ISK (24.14 DKK) |
-10.1 % |
| Taxi 1hour Waiting (Normal Tariff) |
10,710.00 ISK (551.74 DKK) |
9,705.71 ISK (500.00 DKK) |
-9.4 % |
| Gasoline (1 gallon) |
1,179.65 ISK (60.77 DKK) |
1,047.76 ISK (53.98 DKK) |
-11.2 % |
| Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) |
5,890,000.00 ISK (303,429.74 DKK) |
6,211,652.07 ISK (320,000.00 DKK) |
+5.5 % |
| Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) |
6,666,666.67 ISK (343,440.57 DKK) |
6,374,404.00 ISK (328,384.34 DKK) |
-4.4 % |
Utilities (Monthly) | Iceland Edit |
Denmark Edit | |
| Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment |
11,183.22 ISK (576.12 DKK) |
29,213.51 ISK (1,504.97 DKK) |
+161.2 % |
| Mobile Phone Monthly Plan with Calls and 10GB+ Data |
3,430.36 ISK (176.72 DKK) |
2,471.42 ISK (127.32 DKK) |
-28.0 % |
| Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) |
10,783.47 ISK (555.52 DKK) |
5,208.76 ISK (268.33 DKK) |
-51.7 % |
Sports And Leisure | Iceland Edit |
Denmark Edit | |
| Fitness Club, Monthly Fee for 1 Adult |
9,953.18 ISK (512.75 DKK) |
5,541.09 ISK (285.46 DKK) |
-44.3 % |
| Tennis Court Rent (1 Hour on Weekend) |
4,666.67 ISK (240.41 DKK) |
4,046.50 ISK (208.46 DKK) |
-13.3 % |
| Cinema, International Release, 1 Seat |
2,190.00 ISK (112.82 DKK) |
2,426.43 ISK (125.00 DKK) |
+10.8 % |
Childcare | Iceland Edit |
Denmark Edit | |
| Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child |
43,630.30 ISK (2,247.66 DKK) |
67,517.37 ISK (3,478.23 DKK) |
+54.7 % |
| International Primary School, Yearly for 1 Child |
3,744,295.00 ISK (192,891.42 DKK) |
894,221.67 ISK (46,066.80 DKK) |
-76.1 % |
Clothing And Shoes | Iceland Edit |
Denmark Edit | |
| 1 Pair of Jeans (Levis 501 Or Similar) |
17,222.35 ISK (887.23 DKK) |
14,691.53 ISK (756.85 DKK) |
-14.7 % |
| 1 Summer Dress in a Chain Store (Zara, H&M, ...) |
7,915.00 ISK (407.75 DKK) |
5,875.06 ISK (302.66 DKK) |
-25.8 % |
| 1 Pair of Nike Running Shoes (Mid-Range) |
21,716.67 ISK (1,118.76 DKK) |
15,608.72 ISK (804.10 DKK) |
-28.1 % |
| 1 Pair of Men Leather Business Shoes |
31,581.25 ISK (1,626.94 DKK) |
21,710.42 ISK (1,118.44 DKK) |
-31.3 % |
Rent Per Month | Iceland Edit |
Denmark Edit | |
| Apartment (1 bedroom) in City Centre |
275,000.00 ISK (14,166.92 DKK) |
151,314.93 ISK (7,795.15 DKK) |
-45.0 % |
| Apartment (1 bedroom) Outside of Centre |
248,333.33 ISK (12,793.16 DKK) |
117,830.03 ISK (6,070.14 DKK) |
-52.6 % |
| Apartment (3 bedrooms) in City Centre |
393,961.54 ISK (20,295.36 DKK) |
276,529.35 ISK (14,245.71 DKK) |
-29.8 % |
| Apartment (3 bedrooms) Outside of Centre |
338,074.07 ISK (17,416.25 DKK) |
209,933.68 ISK (10,814.96 DKK) |
-37.9 % |
Buy Apartment Price | Iceland Edit |
Denmark Edit | |
| Price per Square Feet to Buy Apartment in City Centre |
86,370.14 ISK (4,449.45 DKK) |
66,612.43 ISK (3,431.61 DKK) |
-22.9 % |
| Price per Square Feet to Buy Apartment Outside of Centre |
73,312.85 ISK (3,776.79 DKK) |
47,265.62 ISK (2,434.94 DKK) |
-35.5 % |
Salaries And Financing | Iceland Edit |
Denmark Edit | |
| Average Monthly Net Salary (After Tax) |
563,973.03 ISK (29,053.68 DKK) |
499,615.20 ISK (25,738.22 DKK) |
-11.4 % |
| Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate | 9.90 | 4.21 | -57.5 % |
| Last update: | 21 May 2025 | 23 May 2025 | |
| Contributors in the past 12 months: | 152 | 434 |
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