Cost of Living Comparison Between Iceland and Denmark 
| Indices Difference |  |
|---|---|
| Cost of Living in Denmark is 19.6% lower than in Iceland (excluding rent) | |
| Cost of Living Including Rent in Denmark is 25.7% lower than in Iceland | |
| Rent Prices in Denmark are 40.4% lower than in Iceland | |
| Restaurant Prices in Denmark are 13.9% lower than in Iceland | |
| Groceries Prices in Denmark are 32.3% lower than in Iceland | |
| Local Purchasing Power in Denmark is 22.1% higher than in Iceland | |
Restaurants | Iceland Edit |
Denmark Edit | Difference |
|---|---|---|---|
| Meal, Inexpensive Restaurant |
3,100.00 ISK (159.47 DKK) |
2,915.94 ISK (150.00 DKK) |
-5.9 % |
| Meal for 2 People, Mid-range Restaurant, Three-course |
17,500.00 ISK (900.22 DKK) |
13,607.73 ISK (700.00 DKK) |
-22.2 % |
| McMeal at McDonalds (or Equivalent Combo Meal) |
2,500.00 ISK (128.60 DKK) |
1,886.41 ISK (97.04 DKK) |
-24.5 % |
| Domestic Beer (1 pint draught) |
1,500.00 ISK (77.16 DKK) |
1,069.18 ISK (55.00 DKK) |
-28.7 % |
| Imported Beer (12 oz small bottle) |
1,288.85 ISK (66.30 DKK) |
971.98 ISK (50.00 DKK) |
-24.6 % |
| Cappuccino (regular) |
749.47 ISK (38.55 DKK) |
796.56 ISK (40.98 DKK) |
+6.3 % |
| Coke/Pepsi (12 oz small bottle) |
408.60 ISK (21.02 DKK) |
510.94 ISK (26.28 DKK) |
+25.0 % |
| Water (12 oz small bottle) |
327.01 ISK (16.82 DKK) |
392.26 ISK (20.18 DKK) |
+20.0 % |
Markets | Iceland Edit |
Denmark Edit | |
| Milk (regular), (1 gallon) |
891.09 ISK (45.84 DKK) |
1,000.68 ISK (51.48 DKK) |
+12.3 % |
| Loaf of Fresh White Bread (1 lb) |
450.97 ISK (23.20 DKK) |
383.39 ISK (19.72 DKK) |
-15.0 % |
| Rice (white), (1 lb) |
198.51 ISK (10.21 DKK) |
141.35 ISK (7.27 DKK) |
-28.8 % |
| Eggs (regular) (12) |
811.62 ISK (41.75 DKK) |
632.17 ISK (32.52 DKK) |
-22.1 % |
| Local Cheese (1 lb) |
1,029.73 ISK (52.97 DKK) |
817.27 ISK (42.04 DKK) |
-20.6 % |
| Chicken Fillets (1 lb) |
1,350.40 ISK (69.47 DKK) |
665.65 ISK (34.24 DKK) |
-50.7 % |
| Beef Round (1 lb) (or Equivalent Back Leg Red Meat) |
2,326.81 ISK (119.69 DKK) |
995.80 ISK (51.23 DKK) |
-57.2 % |
| Apples (1 lb) |
175.18 ISK (9.01 DKK) |
184.89 ISK (9.51 DKK) |
+5.5 % |
| Banana (1 lb) |
139.94 ISK (7.20 DKK) |
193.12 ISK (9.93 DKK) |
+38.0 % |
| Oranges (1 lb) |
163.99 ISK (8.44 DKK) |
206.85 ISK (10.64 DKK) |
+26.1 % |
| Tomato (1 lb) |
286.79 ISK (14.75 DKK) |
270.64 ISK (13.92 DKK) |
-5.6 % |
| Potato (1 lb) |
203.14 ISK (10.45 DKK) |
126.70 ISK (6.52 DKK) |
-37.6 % |
| Onion (1 lb) |
126.15 ISK (6.49 DKK) |
111.94 ISK (5.76 DKK) |
-11.3 % |
| Lettuce (1 head) |
402.25 ISK (20.69 DKK) |
266.60 ISK (13.71 DKK) |
-33.7 % |
| Water (1.5 liter bottle) |
280.35 ISK (14.42 DKK) |
181.23 ISK (9.32 DKK) |
-35.4 % |
| Bottle of Wine (Mid-Range) |
3,000.00 ISK (154.32 DKK) |
1,263.58 ISK (65.00 DKK) |
-57.9 % |
| Domestic Beer (0.5 liter bottle) |
462.58 ISK (23.80 DKK) |
233.18 ISK (12.00 DKK) |
-49.6 % |
| Imported Beer (12 oz small bottle) |
389.06 ISK (20.01 DKK) |
314.02 ISK (16.15 DKK) |
-19.3 % |
| Cigarettes 20 Pack (Marlboro) |
1,725.00 ISK (88.74 DKK) |
1,205.26 ISK (62.00 DKK) |
-30.1 % |
Transportation | Iceland Edit |
Denmark Edit | |
| One-way Ticket (Local Transport) |
650.00 ISK (33.44 DKK) |
466.55 ISK (24.00 DKK) |
-28.2 % |
| Monthly Pass (Regular Price) |
10,400.00 ISK (534.99 DKK) |
11,663.77 ISK (600.00 DKK) |
+12.2 % |
| Taxi Start (Normal Tariff) |
790.00 ISK (40.64 DKK) |
971.98 ISK (50.00 DKK) |
+23.0 % |
| Taxi 1 mile (Normal Tariff) |
521.43 ISK (26.82 DKK) |
469.28 ISK (24.14 DKK) |
-10.0 % |
| Taxi 1hour Waiting (Normal Tariff) |
10,620.00 ISK (546.31 DKK) |
9,719.81 ISK (500.00 DKK) |
-8.5 % |
| Gasoline (1 gallon) |
1,182.00 ISK (60.80 DKK) |
1,050.90 ISK (54.06 DKK) |
-11.1 % |
| Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) |
5,890,000.00 ISK (302,989.45 DKK) |
6,220,678.72 ISK (320,000.00 DKK) |
+5.6 % |
| Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) |
6,666,666.67 ISK (342,942.21 DKK) |
6,383,770.75 ISK (328,389.67 DKK) |
-4.2 % |
Utilities (Monthly) | Iceland Edit |
Denmark Edit | |
| Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment |
10,924.64 ISK (561.98 DKK) |
28,941.95 ISK (1,488.81 DKK) |
+164.9 % |
| Mobile Phone Monthly Plan with Calls and 10GB+ Data |
3,427.78 ISK (176.33 DKK) |
2,482.25 ISK (127.69 DKK) |
-27.6 % |
| Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) |
10,267.58 ISK (528.18 DKK) |
5,173.83 ISK (266.15 DKK) |
-49.6 % |
Sports And Leisure | Iceland Edit |
Denmark Edit | |
| Fitness Club, Monthly Fee for 1 Adult |
10,068.26 ISK (517.92 DKK) |
5,512.00 ISK (283.54 DKK) |
-45.3 % |
| Tennis Court Rent (1 Hour on Weekend) |
4,816.67 ISK (247.78 DKK) |
3,994.79 ISK (205.50 DKK) |
-17.1 % |
| Cinema, International Release, 1 Seat |
2,190.00 ISK (112.66 DKK) |
2,429.95 ISK (125.00 DKK) |
+11.0 % |
Childcare | Iceland Edit |
Denmark Edit | |
| Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child |
42,475.25 ISK (2,184.98 DKK) |
67,727.64 ISK (3,484.00 DKK) |
+59.5 % |
| International Primary School, Yearly for 1 Child |
3,744,295.00 ISK (192,611.52 DKK) |
887,994.41 ISK (45,679.62 DKK) |
-76.3 % |
Clothing And Shoes | Iceland Edit |
Denmark Edit | |
| 1 Pair of Jeans (Levis 501 Or Similar) |
17,356.84 ISK (892.86 DKK) |
14,623.75 ISK (752.27 DKK) |
-15.7 % |
| 1 Summer Dress in a Chain Store (Zara, H&M, ...) |
7,436.25 ISK (382.53 DKK) |
5,952.34 ISK (306.20 DKK) |
-20.0 % |
| 1 Pair of Nike Running Shoes (Mid-Range) |
21,895.00 ISK (1,126.31 DKK) |
15,440.34 ISK (794.27 DKK) |
-29.5 % |
| 1 Pair of Men Leather Business Shoes |
29,685.94 ISK (1,527.08 DKK) |
21,741.34 ISK (1,118.40 DKK) |
-26.8 % |
Rent Per Month | Iceland Edit |
Denmark Edit | |
| Apartment (1 bedroom) in City Centre |
277,291.67 ISK (14,264.25 DKK) |
150,138.05 ISK (7,723.30 DKK) |
-45.9 % |
| Apartment (1 bedroom) Outside of Centre |
249,310.34 ISK (12,824.86 DKK) |
116,747.94 ISK (6,005.67 DKK) |
-53.2 % |
| Apartment (3 bedrooms) in City Centre |
393,961.54 ISK (20,265.91 DKK) |
270,999.60 ISK (13,940.58 DKK) |
-31.2 % |
| Apartment (3 bedrooms) Outside of Centre |
338,074.07 ISK (17,390.98 DKK) |
211,856.04 ISK (10,898.16 DKK) |
-37.3 % |
Buy Apartment Price | Iceland Edit |
Denmark Edit | |
| Price per Square Feet to Buy Apartment in City Centre |
85,617.11 ISK (4,404.26 DKK) |
67,166.04 ISK (3,455.11 DKK) |
-21.6 % |
| Price per Square Feet to Buy Apartment Outside of Centre |
72,898.79 ISK (3,750.01 DKK) |
47,995.62 ISK (2,468.96 DKK) |
-34.2 % |
Salaries And Financing | Iceland Edit |
Denmark Edit | |
| Average Monthly Net Salary (After Tax) |
551,584.93 ISK (28,374.26 DKK) |
500,302.94 ISK (25,736.25 DKK) |
-9.3 % |
| Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate | 9.76 | 4.20 | -56.9 % |
| Last update: | March 2025 | April 2025 | |
| Contributors in the past 12 months: | 143 | 407 |
Moving to Iceland? Explore:
Moving to Denmark? Explore: