Cost of living comparison
Iceland is 11.1% more expensive than Denmark.
If you lived in Iceland instead of Denmark, you would:
pay 4.2% less for restaurants
|
Denmark
|
Iceland
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$21.56
DKK154.34
|
$19.40
ISK2,709
|
|
|
Fast food combo meal
McDonalds, or similar
|
$12.58
DKK90.03
|
$16.94
ISK2,366
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$3.50
DKK25.02
|
$2.81
ISK393
|
|
| Bottle of water (11 fl. oz) |
$2.59
DKK18.56
|
$2.02
ISK282
|
|
pay 9.9% more for groceries
|
Denmark
|
Iceland
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$2.91
DKK20.83
|
$2.95
ISK413
|
|
| Local cheese (8 oz) |
$5.83
DKK41.75
|
$7.27
ISK1,015
|
|
| Milk (1 gallon) |
$7.22
DKK51.68
|
$6.01
ISK839
|
|
|
Eggs
1 dozen
|
$4.38
DKK31.35
|
$5.42
ISK757
|
|
| Boneless chicken breast (1 lb) |
$4.74
DKK33.93
|
$8.51
ISK1,188
|
|
| Apples (1 lb) |
$1.28
DKK9.14
|
$1.22
ISK171
|
|
| Bananas (1 lb) |
$1.34
DKK9.58
|
$1.03
ISK143
|
|
| Oranges (1 lb) |
$1.37
DKK9.80
|
$1.17
ISK164
|
|
| Tomatoes (1 lb) |
$1.88
DKK13.48
|
$1.87
ISK262
|
|
| Potatoes (1 lb) |
$0.90
DKK6.45
|
$1.23
ISK172
|
|
| Onions (1 lb) |
$0.77
DKK5.53
|
$0.78
ISK110
|
|
pay 5.2% less for transportation
|
Denmark
|
Iceland
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$7.68
DKK54.95
|
$8.36
ISK1,168
|
|
| Monthly public transit pass |
$82.44
DKK590.13
|
$71.28
ISK9,956
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$45,047.14
DKK322,460.97
|
$40,660.66
ISK5,679,481
|
|
| Taxi trip in downtown area (5 miles) |
$23.62
DKK169.06
|
$22.04
ISK3,078
|
|
pay 60.6% more for housing
|
Denmark
|
Iceland
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$33.71
DKK241.31
|
$72.17
ISK10,081
|
|
| 1-Bedroom apartment in downtown area |
$967.90
DKK6,928.53
|
$1,838.04
ISK256,737
|
|
| 1-Bedroom apartment outside city center |
$743.77
DKK5,324.16
|
$1,497.77
ISK209,209
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$157.10
DKK1,124.56
|
$58.01
ISK8,103
|
|
pay 33.5% less for childcare
|
Denmark
|
Iceland
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$519.88
DKK3,721.46
|
$258.16
ISK36,060
|
|
| Middle school for 1 child, two semesters |
$7,190.53
DKK51,472.00
|
$5,993.99
ISK837,241
|
|
pay 17.1% more for entertainment and sports
|
Denmark
|
Iceland
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$7.44
DKK53.28
|
$9.19
ISK1,283
|
|
| Cappuccino in mid-range area |
$5.51
DKK39.43
|
$4.65
ISK649
|
|
|
Pack of cigarettes
Marlboro or similar
|
$8.74
DKK62.56
|
$11.76
ISK1,642
|
|
| Monthly membership at local gym |
$38.95
DKK278.79
|
$61.46
ISK8,585
|
|
| Movie ticket to theater/cinema |
$16.76
DKK119.95
|
$14.35
ISK2,004
|
|
pay 33.0% more for clothing
|
Denmark
|
Iceland
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$93.72
DKK670.86
|
$111.23
ISK15,537
|
|
|
Regular dress
from H&M or similar store
|
$38.81
DKK277.79
|
$59.69
ISK8,337
|
|
|
Running shoes
Nike or Adidas
|
$105.07
DKK752.15
|
$148.00
ISK20,673
|
|
| Men's business shoes (leather) |
$155.42
DKK1,112.52
|
$184.49
ISK25,770
|
|
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