Cost of Living Comparison Between Iceland and Denmark 
| Indices Difference |  |
|---|---|
| Consumer Prices in Denmark are 12.2% lower than in Iceland (without rent) | |
| Consumer Prices Including Rent in Denmark are 18.0% lower than in Iceland | |
| Rent Prices in Denmark are 31.3% lower than in Iceland | |
| Restaurant Prices in Denmark are 6.1% lower than in Iceland | |
| Groceries Prices in Denmark are 25.9% lower than in Iceland | |
| Local Purchasing Power in Denmark is 7.1% higher than in Iceland | |
Restaurants | Iceland Edit |
Denmark Edit | Difference |
|---|---|---|---|
| Meal, Inexpensive Restaurant |
148.88 DKK (3,000.00 ISK) |
150.00 DKK (3,022.60 ISK) |
+0.8 % |
| Meal for 2 People, Mid-range Restaurant, Three-course |
794.02 DKK (16,000.00 ISK) |
700.00 DKK (14,105.47 ISK) |
-11.8 % |
| McMeal at McDonalds (or Equivalent Combo Meal) |
114.12 DKK (2,299.50 ISK) |
90.00 DKK (1,813.56 ISK) |
-21.1 % |
| Domestic Beer (1 pint draught) |
71.55 DKK (1,441.68 ISK) |
50.00 DKK (1,007.53 ISK) |
-30.1 % |
| Imported Beer (12 oz small bottle) |
59.55 DKK (1,200.00 ISK) |
50.00 DKK (1,007.53 ISK) |
-16.0 % |
| Cappuccino (regular) |
33.96 DKK (684.33 ISK) |
39.86 DKK (803.30 ISK) |
+17.4 % |
| Coke/Pepsi (12 oz small bottle) |
19.50 DKK (392.94 ISK) |
27.16 DKK (547.35 ISK) |
+39.3 % |
| Water (12 oz small bottle) |
14.67 DKK (295.67 ISK) |
20.48 DKK (412.79 ISK) |
+39.6 % |
Markets | Iceland Edit |
Denmark Edit | |
| Milk (regular), (1 gallon) |
42.25 DKK (851.36 ISK) |
51.41 DKK (1,035.98 ISK) |
+21.7 % |
| Loaf of Fresh White Bread (1 lb) |
21.64 DKK (436.03 ISK) |
19.95 DKK (402.08 ISK) |
-7.8 % |
| Rice (white), (1 lb) |
9.96 DKK (200.70 ISK) |
7.23 DKK (145.60 ISK) |
-27.5 % |
| Eggs (regular) (12) |
39.69 DKK (799.71 ISK) |
31.26 DKK (629.88 ISK) |
-21.2 % |
| Local Cheese (1 lb) |
45.76 DKK (922.17 ISK) |
38.12 DKK (768.05 ISK) |
-16.7 % |
| Chicken Fillets (1 lb) |
58.26 DKK (1,174.00 ISK) |
34.05 DKK (686.09 ISK) |
-41.6 % |
| Beef Round (1 lb) (or Equivalent Back Leg Red Meat) |
96.52 DKK (1,944.92 ISK) |
53.39 DKK (1,075.86 ISK) |
-44.7 % |
| Apples (1 lb) |
9.78 DKK (197.02 ISK) |
9.49 DKK (191.26 ISK) |
-2.9 % |
| Banana (1 lb) |
6.91 DKK (139.18 ISK) |
9.46 DKK (190.68 ISK) |
+37.0 % |
| Oranges (1 lb) |
8.50 DKK (171.21 ISK) |
10.05 DKK (202.57 ISK) |
+18.3 % |
| Tomato (1 lb) |
14.52 DKK (292.63 ISK) |
13.06 DKK (263.14 ISK) |
-10.1 % |
| Potato (1 lb) |
9.57 DKK (192.77 ISK) |
6.18 DKK (124.57 ISK) |
-35.4 % |
| Onion (1 lb) |
5.97 DKK (120.37 ISK) |
5.46 DKK (110.08 ISK) |
-8.6 % |
| Lettuce (1 head) |
21.54 DKK (434.00 ISK) |
13.25 DKK (267.02 ISK) |
-38.5 % |
| Water (1.5 liter bottle) |
14.57 DKK (293.63 ISK) |
9.26 DKK (186.62 ISK) |
-36.4 % |
| Bottle of Wine (Mid-Range) |
136.47 DKK (2,750.00 ISK) |
65.00 DKK (1,309.79 ISK) |
-52.4 % |
| Domestic Beer (0.5 liter bottle) |
21.82 DKK (439.70 ISK) |
12.12 DKK (244.25 ISK) |
-44.5 % |
| Imported Beer (12 oz small bottle) |
18.34 DKK (369.58 ISK) |
15.88 DKK (320.03 ISK) |
-13.4 % |
| Cigarettes 20 Pack (Marlboro) |
79.40 DKK (1,600.00 ISK) |
60.00 DKK (1,209.04 ISK) |
-24.4 % |
Transportation | Iceland Edit |
Denmark Edit | |
| One-way Ticket (Local Transport) |
28.29 DKK (570.00 ISK) |
24.00 DKK (483.62 ISK) |
-15.2 % |
| Monthly Pass (Regular Price) |
461.52 DKK (9,300.00 ISK) |
600.00 DKK (12,090.41 ISK) |
+30.0 % |
| Taxi Start (Normal Tariff) |
36.23 DKK (730.00 ISK) |
50.00 DKK (1,007.53 ISK) |
+38.0 % |
| Taxi 1 mile (Normal Tariff) |
24.20 DKK (487.63 ISK) |
24.14 DKK (486.44 ISK) |
-0.2 % |
| Taxi 1hour Waiting (Normal Tariff) |
464.50 DKK (9,360.00 ISK) |
455.00 DKK (9,168.56 ISK) |
-2.0 % |
| Gasoline (1 gallon) |
58.50 DKK (1,178.85 ISK) |
54.15 DKK (1,091.20 ISK) |
-7.4 % |
| Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) |
262,522.18 DKK (5,290,000.00 ISK) |
300,000.00 DKK (6,045,203.40 ISK) |
+14.3 % |
| Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) |
286,586.72 DKK (5,774,916.67 ISK) |
313,441.66 DKK (6,316,062.06 ISK) |
+9.4 % |
Utilities (Monthly) | Iceland Edit |
Denmark Edit | |
| Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment |
732.85 DKK (14,767.33 ISK) |
1,516.85 DKK (30,565.46 ISK) |
+107.0 % |
| Mobile Phone Monthly Plan with Calls and 10GB+ Data |
164.78 DKK (3,320.53 ISK) |
131.11 DKK (2,641.98 ISK) |
-20.4 % |
| Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) |
489.58 DKK (9,865.42 ISK) |
255.51 DKK (5,148.77 ISK) |
-47.8 % |
Sports And Leisure | Iceland Edit |
Denmark Edit | |
| Fitness Club, Monthly Fee for 1 Adult |
439.94 DKK (8,865.14 ISK) |
271.25 DKK (5,465.94 ISK) |
-38.3 % |
| Tennis Court Rent (1 Hour on Weekend) |
210.83 DKK (4,248.33 ISK) |
193.34 DKK (3,895.89 ISK) |
-8.3 % |
| Cinema, International Release, 1 Seat |
99.25 DKK (2,000.00 ISK) |
120.00 DKK (2,418.08 ISK) |
+20.9 % |
Childcare | Iceland Edit |
Denmark Edit | |
| Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child |
1,819.47 DKK (36,663.56 ISK) |
3,471.09 DKK (69,944.90 ISK) |
+90.8 % |
| International Primary School, Yearly for 1 Child |
38,522.28 DKK (776,250.00 ISK) |
43,266.80 DKK (871,855.36 ISK) |
+12.3 % |
Clothing And Shoes | Iceland Edit |
Denmark Edit | |
| 1 Pair of Jeans (Levis 501 Or Similar) |
795.27 DKK (16,025.31 ISK) |
725.02 DKK (14,609.73 ISK) |
-8.8 % |
| 1 Summer Dress in a Chain Store (Zara, H&M, ...) |
345.50 DKK (6,962.11 ISK) |
289.98 DKK (5,843.22 ISK) |
-16.1 % |
| 1 Pair of Nike Running Shoes (Mid-Range) |
1,043.47 DKK (21,026.67 ISK) |
744.46 DKK (15,001.36 ISK) |
-28.7 % |
| 1 Pair of Men Leather Business Shoes |
1,195.45 DKK (24,089.05 ISK) |
1,064.96 DKK (21,459.62 ISK) |
-10.9 % |
Rent Per Month | Iceland Edit |
Denmark Edit | |
| Apartment (1 bedroom) in City Centre |
12,044.91 DKK (242,713.06 ISK) |
7,928.66 DKK (159,767.93 ISK) |
-34.2 % |
| Apartment (1 bedroom) Outside of Centre |
10,722.61 DKK (216,067.92 ISK) |
5,885.37 DKK (118,594.27 ISK) |
-45.1 % |
| Apartment (3 bedrooms) in City Centre |
16,926.14 DKK (341,073.17 ISK) |
13,463.89 DKK (271,306.51 ISK) |
-20.5 % |
| Apartment (3 bedrooms) Outside of Centre |
15,330.45 DKK (308,918.92 ISK) |
10,508.61 DKK (211,755.56 ISK) |
-31.5 % |
Buy Apartment Price | Iceland Edit |
Denmark Edit | |
| Price per Square Feet to Buy Apartment in City Centre |
3,671.01 DKK (73,973.43 ISK) |
3,667.35 DKK (73,899.55 ISK) |
-0.1 % |
| Price per Square Feet to Buy Apartment Outside of Centre |
2,980.01 DKK (60,049.19 ISK) |
2,595.38 DKK (52,298.59 ISK) |
-12.9 % |
Salaries And Financing | Iceland Edit |
Denmark Edit | |
| Average Monthly Net Salary (After Tax) |
28,973.11 DKK (583,827.91 ISK) |
25,440.99 DKK (512,653.19 ISK) |
-12.2 % |
| Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate | 7.37 | 3.92 | -46.8 % |
| Last update: | April 2024 | May 2024 | |
| Contributors in the past 12 months: | 199 | 481 |
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