Cost of living comparison
Reykjavik is 2.4% cheaper than Copenhagen.
If you lived in Reykjavik instead of Copenhagen, you would:
pay 8.2% less for restaurants
|
Copenhagen
|
Reykjavik
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$21.77
DKK149.88
|
$21.59
ISK2,967
|
|
|
Fast food combo meal
McDonalds, or similar
|
$14.51
DKK99.92
|
$17.27
ISK2,374
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$3.75
DKK25.82
|
$2.90
ISK399
|
|
| Bottle of water (11 fl. oz) |
$2.90
DKK19.99
|
$2.07
ISK285
|
|
pay 13.8% more for groceries
|
Copenhagen
|
Reykjavik
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$3.54
DKK24.39
|
$3.68
ISK506
|
|
| Local cheese (8 oz) |
$6.17
DKK42.50
|
$7.66
ISK1,052
|
|
| Milk (1 gallon) |
$7.50
DKK51.60
|
$6.16
ISK847
|
|
|
Eggs
1 dozen
|
$4.72
DKK32.51
|
$5.91
ISK813
|
|
| Boneless chicken breast (1 lb) |
$5.08
DKK35.01
|
$8.87
ISK1,220
|
|
| Apples (1 lb) |
$1.38
DKK9.52
|
$1.53
ISK210
|
|
| Bananas (1 lb) |
$1.30
DKK8.96
|
$0.97
ISK133
|
|
| Oranges (1 lb) |
$1.47
DKK10.12
|
$1.26
ISK173
|
|
| Tomatoes (1 lb) |
$2.00
DKK13.76
|
$2.23
ISK306
|
|
| Potatoes (1 lb) |
$0.99
DKK6.80
|
$1.42
ISK195
|
|
| Onions (1 lb) |
$0.87
DKK5.98
|
$1.01
ISK139
|
|
pay 10.6% less for transportation
|
Copenhagen
|
Reykjavik
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$7.79
DKK53.63
|
$8.57
ISK1,179
|
|
| Monthly public transit pass |
$94.34
DKK649.46
|
$66.92
ISK9,198
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$47,149.09
DKK324,588.45
|
$41,660.67
ISK5,726,259
|
|
| Taxi trip in downtown area (5 miles) |
$26.42
DKK181.85
|
$23.30
ISK3,202
|
|
pay 15.7% more for housing
|
Copenhagen
|
Reykjavik
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$37.16
DKK255.85
|
$68.45
ISK9,408
|
|
| 1-Bedroom apartment in downtown area |
$1,741.81
DKK11,991.14
|
$1,864.13
ISK256,225
|
|
| 1-Bedroom apartment outside city center |
$1,268.50
DKK8,732.72
|
$1,666.20
ISK229,019
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$161.03
DKK1,108.56
|
$64.43
ISK8,856
|
|
pay 46.2% less for childcare
|
Copenhagen
|
Reykjavik
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$551.78
DKK3,798.64
|
$240.37
ISK33,039
|
|
| Middle school for 1 child, two semesters |
$9,343.23
DKK64,321.62
|
$5,984.07
ISK822,511
|
|
pay 13.1% more for entertainment and sports
|
Copenhagen
|
Reykjavik
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$8.71
DKK59.95
|
$10.79
ISK1,483
|
|
| Cappuccino in mid-range area |
$6.34
DKK43.63
|
$5.09
ISK699
|
|
|
Pack of cigarettes
Marlboro or similar
|
$9.00
DKK61.95
|
$11.87
ISK1,632
|
|
| Monthly membership at local gym |
$42.82
DKK294.79
|
$65.50
ISK9,003
|
|
| Movie ticket to theater/cinema |
$18.87
DKK129.89
|
$14.39
ISK1,978
|
|
pay 5.7% more for clothing
|
Copenhagen
|
Reykjavik
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$106.73
DKK734.77
|
$103.94
ISK14,287
|
|
|
Regular dress
from H&M or similar store
|
$44.45
DKK305.99
|
$43.50
ISK5,978
|
|
|
Running shoes
Nike or Adidas
|
$115.59
DKK795.73
|
$141.47
ISK19,445
|
|
| Men's business shoes (leather) |
$166.32
DKK1,145.00
|
$174.65
ISK24,006
|
|
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