Cost of living comparison

Copenhagen, Denmark

compared to

Reykjavik, Iceland

Reykjavik vs. Copenhagen Cost of Living Summary

Reykjavik is 1.9% cheaper than Copenhagen.

Restaurants: pay 6.3% less in Reykjavik
Groceries: pay 9.3% more in Reykjavik
Transportation: pay 8.3% less in Reykjavik
Housing: pay 21.0% more in Reykjavik
Childcare: pay 54.5% less in Reykjavik
Entertainment and Sports: pay 17.3% more in Reykjavik
Clothing: pay 8.1% more in Reykjavik

The cost of housing, entertainment and sports, groceries, and clothing in Reykjavik are more expensive than in Copenhagen. Expenses including childcare, transportation, and restaurants are lower in Reykjavik.

Reykjavik vs. Copenhagen Cost Breakdown

If you lived in Reykjavik instead of Copenhagen, you would:

Display currency: USD

pay 6.3% less for restaurants

	Copenhagen	Reykjavik
Basic meal with drink at inexpensive restaurant	$21.56 DKK147.86	$20.00 ISK2,689	-7.2%
Fast food combo meal McDonalds, or similar	$14.37 DKK98.57	$18.02 ISK2,423	+25.4%
Bottle of Coca-Cola (11 fl. oz)	$3.78 DKK25.93	$3.15 ISK424	-16.6%
Bottle of water (11 fl. oz)	$2.98 DKK20.42	$2.19 ISK294	-26.6%
Average			-6.3%

Copenhagen vs. Reykjavik - Cost of restaurants

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pay 9.3% more for groceries

	Copenhagen	Reykjavik
Bread 1 loaf	$3.78 DKK25.94	$3.61 ISK485	-4.5%
Local cheese (8 oz)	$6.47 DKK44.38	$7.76 ISK1,043	+19.9%
Milk (1 gallon)	$7.42 DKK50.92	$6.40 ISK861	-13.7%
Eggs 1 dozen	$4.75 DKK32.60	$5.76 ISK774	+21.1%
Boneless chicken breast (1 lb)	$5.10 DKK34.97	$9.45 ISK1,270	+85.3%
Apples (1 lb)	$1.41 DKK9.67	$1.40 ISK189	-0.6%
Bananas (1 lb)	$1.42 DKK9.71	$1.01 ISK136	-28.7%
Oranges (1 lb)	$1.51 DKK10.36	$1.22 ISK164	-19.4%
Tomatoes (1 lb)	$2.12 DKK14.51	$2.22 ISK299	+5.2%
Potatoes (1 lb)	$1.07 DKK7.34	$1.43 ISK193	+34.1%
Onions (1 lb)	$0.90 DKK6.20	$0.93 ISK126	+3.3%
Average			+9.3%

Copenhagen vs. Reykjavik - Cost of groceries

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pay 8.3% less for transportation

	Copenhagen	Reykjavik
Gasoline (1 gallon)	$7.78 DKK53.37	$8.50 ISK1,143	+9.2%
Monthly public transit pass	$100.30 DKK687.92	$74.95 ISK10,078	-25.3%
New Volkswagen Golf 1.4 (standard edition)	$50,303.99 DKK345,004.91	$42,450.45 ISK5,707,888	-15.6%
Taxi trip in downtown area (5 miles)	$24.43 DKK167.57	$24.05 ISK3,234	-1.6%
Average			-8.3%

Copenhagen vs. Reykjavik - Cost of transportation

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pay 21.0% more for housing

	Copenhagen	Reykjavik
Internet connection 50 mbps or faster, cable/dsl	$36.84 DKK252.66	$69.87 ISK9,394	+89.6%
1-Bedroom apartment in downtown area	$1,691.68 DKK11,602.19	$1,971.17 ISK265,044	+16.5%
1-Bedroom apartment outside city center	$1,264.98 DKK8,675.76	$1,803.44 ISK242,491	+42.6%
Utilities for two (700 sq ft apartment) including electric, gas, water, heating	$151.98 DKK1,042.34	$53.95 ISK7,255	-64.5%
Average			+21.0%

Copenhagen vs. Reykjavik - Cost of housing

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pay 54.5% less for childcare

	Copenhagen	Reykjavik
Private preschool for 1 child, monthly	$580.24 DKK3,979.53	$252.14 ISK33,903	-56.5%
Middle school for 1 child, two semesters	$12,599.95 DKK86,415.52	$5,993.99 ISK805,952	-52.4%
Average			-54.5%

Copenhagen vs. Reykjavik - Cost of childcare

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pay 17.3% more for entertainment and sports

	Copenhagen	Reykjavik
Domestic/local beer (1 pint)	$8.62 DKK59.14	$10.81 ISK1,454	+25.4%
Cappuccino in mid-range area	$6.19 DKK42.46	$5.31 ISK713	-14.3%
Pack of cigarettes Marlboro or similar	$9.05 DKK62.10	$12.25 ISK1,646	+35.2%
Monthly membership at local gym	$43.41 DKK297.69	$69.95 ISK9,405	+61.1%
Movie ticket to theater/cinema	$18.68 DKK128.14	$14.77 ISK1,987	-20.9%
Average			+17.3%

Copenhagen vs. Reykjavik - Cost of entertainment and sports

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pay 8.1% more for clothing

	Copenhagen	Reykjavik
Regular jeans Levi's brand	$115.64 DKK793.12	$108.97 ISK14,652	-5.8%
Regular dress from H&M or similar store	$48.78 DKK334.59	$49.72 ISK6,685	+1.9%
Running shoes Nike or Adidas	$121.38 DKK832.44	$151.85 ISK20,418	+25.1%
Men's business shoes (leather)	$174.89 DKK1,199.45	$194.16 ISK26,106	+11.0%
Average			+8.1%

Copenhagen vs. Reykjavik - Cost of clothing

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The statistics used to build this comparison are calculated using data from users just like you. We average the price of thousands of data points entered by users across the world. Learn more about our data sources. Page last updated: March 2025

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