Cost of Living Comparison Between Denmark and Iceland 
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| Indices Difference |  |
|---|---|
| Cost of Living in Iceland is 24.5% higher than in Denmark (excluding rent) | |
| Cost of Living Including Rent in Iceland is 34.7% higher than in Denmark | |
| Rent Prices in Iceland are 67.9% higher than in Denmark | |
| Restaurant Prices in Iceland are 16.2% higher than in Denmark | |
| Groceries Prices in Iceland are 47.9% higher than in Denmark | |
| Local Purchasing Power in Iceland is 18.1% lower than in Denmark | |
Restaurants | Denmark Edit |
Iceland Edit | Difference |
|---|---|---|---|
| Meal, Inexpensive Restaurant |
150.00 DKK (2,914.88 ISK) |
159.53 DKK (3,100.00 ISK) |
+6.4 % |
| Meal for 2 People, Mid-range Restaurant, Three-course |
700.00 DKK (13,602.78 ISK) |
900.55 DKK (17,500.00 ISK) |
+28.7 % |
| McMeal at McDonalds (or Equivalent Combo Meal) |
97.07 DKK (1,886.28 ISK) |
128.65 DKK (2,500.00 ISK) |
+32.5 % |
| Domestic Beer (1 pint draught) |
55.00 DKK (1,068.79 ISK) |
77.19 DKK (1,500.00 ISK) |
+40.3 % |
| Imported Beer (12 oz small bottle) |
50.00 DKK (971.63 ISK) |
66.42 DKK (1,290.75 ISK) |
+32.8 % |
| Cappuccino (regular) |
40.98 DKK (796.28 ISK) |
38.58 DKK (749.64 ISK) |
-5.9 % |
| Coke/Pepsi (12 oz small bottle) |
26.38 DKK (512.68 ISK) |
21.03 DKK (408.70 ISK) |
-20.3 % |
| Water (12 oz small bottle) |
20.23 DKK (393.18 ISK) |
16.83 DKK (327.11 ISK) |
-16.8 % |
Markets | Denmark Edit |
Iceland Edit | |
| Milk (regular), (1 gallon) |
51.48 DKK (1,000.32 ISK) |
45.12 DKK (876.70 ISK) |
-12.4 % |
| Loaf of Fresh White Bread (1 lb) |
19.72 DKK (383.27 ISK) |
23.47 DKK (456.11 ISK) |
+19.0 % |
| Rice (white), (1 lb) |
7.27 DKK (141.30 ISK) |
10.22 DKK (198.51 ISK) |
+40.5 % |
| Eggs (regular) (12) |
32.52 DKK (631.94 ISK) |
41.77 DKK (811.62 ISK) |
+28.4 % |
| Local Cheese (1 lb) |
42.04 DKK (816.98 ISK) |
52.99 DKK (1,029.73 ISK) |
+26.0 % |
| Chicken Fillets (1 lb) |
34.24 DKK (665.42 ISK) |
69.49 DKK (1,350.40 ISK) |
+102.9 % |
| Beef Round (1 lb) (or Equivalent Back Leg Red Meat) |
51.23 DKK (995.44 ISK) |
119.74 DKK (2,326.81 ISK) |
+133.7 % |
| Apples (1 lb) |
9.51 DKK (184.82 ISK) |
9.01 DKK (175.18 ISK) |
-5.2 % |
| Banana (1 lb) |
9.93 DKK (193.06 ISK) |
7.20 DKK (139.94 ISK) |
-27.5 % |
| Oranges (1 lb) |
10.64 DKK (206.79 ISK) |
8.44 DKK (163.99 ISK) |
-20.7 % |
| Tomato (1 lb) |
13.92 DKK (270.54 ISK) |
14.76 DKK (286.79 ISK) |
+6.0 % |
| Potato (1 lb) |
6.52 DKK (126.66 ISK) |
10.45 DKK (203.14 ISK) |
+60.4 % |
| Onion (1 lb) |
5.76 DKK (111.90 ISK) |
6.49 DKK (126.17 ISK) |
+12.8 % |
| Lettuce (1 head) |
13.71 DKK (266.50 ISK) |
20.70 DKK (402.25 ISK) |
+50.9 % |
| Water (1.5 liter bottle) |
9.32 DKK (181.17 ISK) |
14.43 DKK (280.41 ISK) |
+54.8 % |
| Bottle of Wine (Mid-Range) |
65.00 DKK (1,263.12 ISK) |
154.38 DKK (3,000.00 ISK) |
+137.5 % |
| Domestic Beer (0.5 liter bottle) |
12.00 DKK (233.10 ISK) |
23.80 DKK (462.58 ISK) |
+98.4 % |
| Imported Beer (12 oz small bottle) |
16.15 DKK (313.92 ISK) |
20.02 DKK (389.06 ISK) |
+23.9 % |
| Cigarettes 20 Pack (Marlboro) |
62.00 DKK (1,204.82 ISK) |
88.77 DKK (1,725.00 ISK) |
+43.2 % |
Transportation | Denmark Edit |
Iceland Edit | |
| One-way Ticket (Local Transport) |
24.00 DKK (466.38 ISK) |
33.45 DKK (650.00 ISK) |
+39.4 % |
| Monthly Pass (Regular Price) |
600.00 DKK (11,659.53 ISK) |
535.18 DKK (10,400.00 ISK) |
-10.8 % |
| Taxi Start (Normal Tariff) |
50.00 DKK (971.63 ISK) |
40.65 DKK (790.00 ISK) |
-18.7 % |
| Taxi 1 mile (Normal Tariff) |
24.14 DKK (469.10 ISK) |
26.83 DKK (521.43 ISK) |
+11.2 % |
| Taxi 1hour Waiting (Normal Tariff) |
500.00 DKK (9,716.27 ISK) |
546.51 DKK (10,620.00 ISK) |
+9.3 % |
| Gasoline (1 gallon) |
54.06 DKK (1,050.53 ISK) |
60.83 DKK (1,182.00 ISK) |
+12.5 % |
| Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) |
320,000.00 DKK (6,218,414.53 ISK) |
303,099.77 DKK (5,890,000.00 ISK) |
-5.3 % |
| Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) |
328,391.98 DKK (6,381,492.02 ISK) |
343,067.08 DKK (6,666,666.67 ISK) |
+4.5 % |
Utilities (Monthly) | Denmark Edit |
Iceland Edit | |
| Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment |
1,488.81 DKK (28,931.42 ISK) |
562.18 DKK (10,924.64 ISK) |
-62.2 % |
| Mobile Phone Monthly Plan with Calls and 10GB+ Data |
127.69 DKK (2,481.34 ISK) |
176.39 DKK (3,427.78 ISK) |
+38.1 % |
| Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) |
266.16 DKK (5,172.15 ISK) |
528.43 DKK (10,268.80 ISK) |
+98.5 % |
Sports And Leisure | Denmark Edit |
Iceland Edit | |
| Fitness Club, Monthly Fee for 1 Adult |
283.55 DKK (5,510.02 ISK) |
518.11 DKK (10,068.26 ISK) |
+82.7 % |
| Tennis Court Rent (1 Hour on Weekend) |
205.52 DKK (3,993.84 ISK) |
247.87 DKK (4,816.67 ISK) |
+20.6 % |
| Cinema, International Release, 1 Seat |
125.00 DKK (2,429.07 ISK) |
112.70 DKK (2,190.00 ISK) |
-9.8 % |
Childcare | Denmark Edit |
Iceland Edit | |
| Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child |
3,484.00 DKK (67,702.99 ISK) |
2,185.78 DKK (42,475.25 ISK) |
-37.3 % |
| International Primary School, Yearly for 1 Child |
45,679.62 DKK (887,671.20 ISK) |
192,681.65 DKK (3,744,295.00 ISK) |
+321.8 % |
Clothing And Shoes | Denmark Edit |
Iceland Edit | |
| 1 Pair of Jeans (Levis 501 Or Similar) |
752.27 DKK (14,618.42 ISK) |
893.18 DKK (17,356.84 ISK) |
+18.7 % |
| 1 Summer Dress in a Chain Store (Zara, H&M, ...) |
306.22 DKK (5,950.70 ISK) |
382.67 DKK (7,436.25 ISK) |
+25.0 % |
| 1 Pair of Nike Running Shoes (Mid-Range) |
794.30 DKK (15,435.24 ISK) |
1,126.72 DKK (21,895.00 ISK) |
+41.9 % |
| 1 Pair of Men Leather Business Shoes |
1,118.44 DKK (21,734.18 ISK) |
1,527.64 DKK (29,685.94 ISK) |
+36.6 % |
Rent Per Month | Denmark Edit |
Iceland Edit | |
| Apartment (1 bedroom) in City Centre |
7,723.34 DKK (150,084.14 ISK) |
14,269.45 DKK (277,291.67 ISK) |
+84.8 % |
| Apartment (1 bedroom) Outside of Centre |
6,005.69 DKK (116,705.89 ISK) |
12,829.53 DKK (249,310.34 ISK) |
+113.6 % |
| Apartment (3 bedrooms) in City Centre |
13,941.07 DKK (270,910.47 ISK) |
20,273.29 DKK (393,961.54 ISK) |
+45.4 % |
| Apartment (3 bedrooms) Outside of Centre |
10,898.58 DKK (211,787.20 ISK) |
17,397.31 DKK (338,074.07 ISK) |
+59.6 % |
Buy Apartment Price | Denmark Edit |
Iceland Edit | |
| Price per Square Feet to Buy Apartment in City Centre |
3,455.04 DKK (67,140.21 ISK) |
4,405.86 DKK (85,617.11 ISK) |
+27.5 % |
| Price per Square Feet to Buy Apartment Outside of Centre |
2,468.77 DKK (47,974.57 ISK) |
3,751.38 DKK (72,898.79 ISK) |
+52.0 % |
Salaries And Financing | Denmark Edit |
Iceland Edit | |
| Average Monthly Net Salary (After Tax) |
25,721.78 DKK (499,839.74 ISK) |
28,378.57 DKK (551,467.82 ISK) |
+10.3 % |
| Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate | 4.20 | 9.76 | +132.1 % |
| Last update: | April 2025 | March 2025 | |
| Contributors in the past 12 months: | 405 | 143 |
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