Cost of Living Comparison Between Iceland and Denmark 
| Indices Difference |  |
|---|---|
| Cost of Living in Denmark is 20.1% lower than in Iceland (excluding rent) | |
| Cost of Living Including Rent in Denmark is 26.1% lower than in Iceland | |
| Rent Prices in Denmark are 40.5% lower than in Iceland | |
| Restaurant Prices in Denmark are 14.3% lower than in Iceland | |
| Groceries Prices in Denmark are 32.8% lower than in Iceland | |
| Local Purchasing Power in Denmark is 21.7% higher than in Iceland | |
Restaurants | Iceland Edit |
Denmark Edit | Difference |
|---|---|---|---|
| Meal, Inexpensive Restaurant |
160.29 DKK (3,100.00 ISK) |
150.00 DKK (2,900.91 ISK) |
-6.4 % |
| Meal for 2 People, Mid-range Restaurant, Three-course |
904.89 DKK (17,500.00 ISK) |
700.00 DKK (13,537.58 ISK) |
-22.6 % |
| McMeal at McDonalds (or Equivalent Combo Meal) |
129.27 DKK (2,500.00 ISK) |
98.00 DKK (1,895.26 ISK) |
-24.2 % |
| Domestic Beer (1 pint draught) |
77.56 DKK (1,500.00 ISK) |
55.00 DKK (1,063.67 ISK) |
-29.1 % |
| Imported Beer (12 oz small bottle) |
67.22 DKK (1,300.00 ISK) |
50.00 DKK (966.97 ISK) |
-25.6 % |
| Cappuccino (regular) |
38.81 DKK (750.49 ISK) |
40.93 DKK (791.56 ISK) |
+5.5 % |
| Coke/Pepsi (12 oz small bottle) |
21.16 DKK (409.22 ISK) |
26.38 DKK (510.20 ISK) |
+24.7 % |
| Water (12 oz small bottle) |
16.94 DKK (327.63 ISK) |
20.28 DKK (392.30 ISK) |
+19.7 % |
Markets | Iceland Edit |
Denmark Edit | |
| Milk (regular), (1 gallon) |
45.33 DKK (876.70 ISK) |
51.46 DKK (995.27 ISK) |
+13.5 % |
| Loaf of Fresh White Bread (1 lb) |
23.58 DKK (456.11 ISK) |
19.70 DKK (380.93 ISK) |
-16.5 % |
| Rice (white), (1 lb) |
10.26 DKK (198.51 ISK) |
7.28 DKK (140.72 ISK) |
-29.1 % |
| Eggs (regular) (12) |
41.97 DKK (811.62 ISK) |
32.50 DKK (628.53 ISK) |
-22.6 % |
| Local Cheese (1 lb) |
53.24 DKK (1,029.73 ISK) |
42.03 DKK (812.83 ISK) |
-21.1 % |
| Chicken Fillets (1 lb) |
69.83 DKK (1,350.40 ISK) |
34.30 DKK (663.30 ISK) |
-50.9 % |
| Beef Round (1 lb) (or Equivalent Back Leg Red Meat) |
120.31 DKK (2,326.81 ISK) |
50.89 DKK (984.13 ISK) |
-57.7 % |
| Apples (1 lb) |
9.06 DKK (175.18 ISK) |
9.52 DKK (184.03 ISK) |
+5.1 % |
| Banana (1 lb) |
7.24 DKK (139.94 ISK) |
9.94 DKK (192.17 ISK) |
+37.3 % |
| Oranges (1 lb) |
8.48 DKK (163.99 ISK) |
10.64 DKK (205.84 ISK) |
+25.5 % |
| Tomato (1 lb) |
14.83 DKK (286.79 ISK) |
13.92 DKK (269.26 ISK) |
-6.1 % |
| Potato (1 lb) |
10.50 DKK (203.14 ISK) |
6.53 DKK (126.31 ISK) |
-37.8 % |
| Onion (1 lb) |
6.53 DKK (126.29 ISK) |
5.76 DKK (111.36 ISK) |
-11.8 % |
| Lettuce (1 head) |
20.80 DKK (402.25 ISK) |
13.71 DKK (265.22 ISK) |
-34.1 % |
| Water (1.5 liter bottle) |
14.52 DKK (280.71 ISK) |
9.34 DKK (180.72 ISK) |
-35.6 % |
| Bottle of Wine (Mid-Range) |
155.12 DKK (3,000.00 ISK) |
65.00 DKK (1,257.06 ISK) |
-58.1 % |
| Domestic Beer (0.5 liter bottle) |
23.92 DKK (462.58 ISK) |
12.00 DKK (231.98 ISK) |
-49.9 % |
| Imported Beer (12 oz small bottle) |
20.12 DKK (389.06 ISK) |
16.05 DKK (310.41 ISK) |
-20.2 % |
| Cigarettes 20 Pack (Marlboro) |
89.20 DKK (1,725.00 ISK) |
62.00 DKK (1,199.04 ISK) |
-30.5 % |
Transportation | Iceland Edit |
Denmark Edit | |
| One-way Ticket (Local Transport) |
33.61 DKK (650.00 ISK) |
24.00 DKK (464.15 ISK) |
-28.6 % |
| Monthly Pass (Regular Price) |
537.76 DKK (10,400.00 ISK) |
600.00 DKK (11,603.64 ISK) |
+11.6 % |
| Taxi Start (Normal Tariff) |
40.85 DKK (790.00 ISK) |
50.00 DKK (966.97 ISK) |
+22.4 % |
| Taxi 1 mile (Normal Tariff) |
26.96 DKK (521.43 ISK) |
24.14 DKK (466.86 ISK) |
-10.5 % |
| Taxi 1hour Waiting (Normal Tariff) |
549.14 DKK (10,620.00 ISK) |
500.00 DKK (9,669.70 ISK) |
-8.9 % |
| Gasoline (1 gallon) |
61.12 DKK (1,182.00 ISK) |
54.06 DKK (1,045.48 ISK) |
-11.5 % |
| Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) |
304,559.51 DKK (5,890,000.00 ISK) |
320,000.00 DKK (6,188,609.87 ISK) |
+5.1 % |
| Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) |
344,719.31 DKK (6,666,666.67 ISK) |
328,386.64 DKK (6,350,802.43 ISK) |
-4.7 % |
Utilities (Monthly) | Iceland Edit |
Denmark Edit | |
| Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment |
564.89 DKK (10,924.64 ISK) |
1,488.81 DKK (28,792.75 ISK) |
+163.6 % |
| Mobile Phone Monthly Plan with Calls and 10GB+ Data |
177.24 DKK (3,427.78 ISK) |
127.69 DKK (2,469.45 ISK) |
-28.0 % |
| Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) |
530.95 DKK (10,268.20 ISK) |
266.21 DKK (5,148.37 ISK) |
-49.9 % |
Sports And Leisure | Iceland Edit |
Denmark Edit | |
| Fitness Club, Monthly Fee for 1 Adult |
520.61 DKK (10,068.26 ISK) |
283.38 DKK (5,480.49 ISK) |
-45.6 % |
| Tennis Court Rent (1 Hour on Weekend) |
249.06 DKK (4,816.67 ISK) |
205.68 DKK (3,977.77 ISK) |
-17.4 % |
| Cinema, International Release, 1 Seat |
113.24 DKK (2,190.00 ISK) |
125.00 DKK (2,417.43 ISK) |
+10.4 % |
Childcare | Iceland Edit |
Denmark Edit | |
| Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child |
2,196.31 DKK (42,475.25 ISK) |
3,464.08 DKK (66,993.22 ISK) |
+57.7 % |
| International Primary School, Yearly for 1 Child |
193,609.62 DKK (3,744,295.00 ISK) |
45,679.62 DKK (883,416.62 ISK) |
-76.4 % |
Clothing And Shoes | Iceland Edit |
Denmark Edit | |
| 1 Pair of Jeans (Levis 501 Or Similar) |
897.49 DKK (17,356.84 ISK) |
752.27 DKK (14,548.36 ISK) |
-16.2 % |
| 1 Summer Dress in a Chain Store (Zara, H&M, ...) |
384.51 DKK (7,436.25 ISK) |
306.37 DKK (5,925.09 ISK) |
-20.3 % |
| 1 Pair of Nike Running Shoes (Mid-Range) |
1,132.14 DKK (21,895.00 ISK) |
794.46 DKK (15,364.45 ISK) |
-29.8 % |
| 1 Pair of Men Leather Business Shoes |
1,535.00 DKK (29,685.94 ISK) |
1,118.68 DKK (21,634.67 ISK) |
-27.1 % |
Rent Per Month | Iceland Edit |
Denmark Edit | |
| Apartment (1 bedroom) in City Centre |
14,338.17 DKK (277,291.67 ISK) |
7,872.28 DKK (152,245.30 ISK) |
-45.1 % |
| Apartment (1 bedroom) Outside of Centre |
12,891.31 DKK (249,310.34 ISK) |
6,061.22 DKK (117,220.45 ISK) |
-53.0 % |
| Apartment (3 bedrooms) in City Centre |
20,370.92 DKK (393,961.54 ISK) |
13,869.54 DKK (268,228.65 ISK) |
-31.9 % |
| Apartment (3 bedrooms) Outside of Centre |
17,481.10 DKK (338,074.07 ISK) |
10,901.02 DKK (210,819.18 ISK) |
-37.6 % |
Buy Apartment Price | Iceland Edit |
Denmark Edit | |
| Price per Square Feet to Buy Apartment in City Centre |
4,427.08 DKK (85,617.11 ISK) |
3,457.30 DKK (66,862.12 ISK) |
-21.9 % |
| Price per Square Feet to Buy Apartment Outside of Centre |
3,769.44 DKK (72,898.79 ISK) |
2,470.45 DKK (47,776.94 ISK) |
-34.5 % |
Salaries And Financing | Iceland Edit |
Denmark Edit | |
| Average Monthly Net Salary (After Tax) |
28,512.61 DKK (551,416.93 ISK) |
25,658.39 DKK (496,217.94 ISK) |
-10.0 % |
| 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 | 401 |
Moving to Iceland? Explore:
Moving to Denmark? Explore: