Cost of living comparison

compared to

Reykjavik vs. Denmark Cost of Living Summary

Reykjavik is 17.3% more expensive than Denmark overall.

Restaurants: pay 2.6% more in Reykjavik
Groceries: pay 22.6% more in Reykjavik
Transportation: pay 0.6% less in Reykjavik
Housing: pay 72.0% more in Reykjavik
Childcare: pay 34.0% less in Reykjavik
Entertainment and Sports: pay 29.9% more in Reykjavik
Clothing: pay 28.4% more in Reykjavik

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

Reykjavik vs. Denmark Cost Breakdown

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

Display currency: USD

pay 2.6% more for restaurants

	Denmark	Reykjavik
Basic meal with drink at inexpensive restaurant	$21.56 DKK156.00	$20.00 ISK2,796	-7.2%
Fast food combo meal McDonalds, or similar	$12.58 DKK90.99	$18.02 ISK2,519	+43.3%
Bottle of Coca-Cola (11 fl. oz)	$3.50 DKK25.29	$3.15 ISK441	-9.8%
Bottle of water (11 fl. oz)	$2.59 DKK18.76	$2.19 ISK305	-15.7%
Average			+2.6%

Denmark vs. Reykjavik - Cost of restaurants

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pay 22.6% more for groceries

	Denmark	Reykjavik
Bread 1 loaf	$2.91 DKK21.05	$3.61 ISK505	+24.1%
Local cheese (8 oz)	$5.83 DKK42.20	$7.76 ISK1,084	+33.0%
Milk (1 gallon)	$7.22 DKK52.23	$6.40 ISK895	-11.3%
Eggs 1 dozen	$4.38 DKK31.68	$5.76 ISK805	+31.5%
Boneless chicken breast (1 lb)	$4.74 DKK34.29	$9.45 ISK1,321	+99.3%
Apples (1 lb)	$1.28 DKK9.24	$1.40 ISK196	+9.9%
Bananas (1 lb)	$1.34 DKK9.69	$1.01 ISK141	-24.6%
Oranges (1 lb)	$1.37 DKK9.90	$1.22 ISK170	-11.1%
Tomatoes (1 lb)	$1.88 DKK13.62	$2.22 ISK311	+18.2%
Potatoes (1 lb)	$0.90 DKK6.52	$1.43 ISK201	+59.2%
Onions (1 lb)	$0.77 DKK5.59	$0.93 ISK131	+20.8%
Average			+22.6%

Denmark vs. Reykjavik - Cost of groceries

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pay 0.6% less for transportation

	Denmark	Reykjavik
Gasoline (1 gallon)	$7.68 DKK55.54	$8.50 ISK1,188	+10.7%
Monthly public transit pass	$82.44 DKK596.45	$74.95 ISK10,477	-9.1%
New Volkswagen Golf 1.4 (standard edition)	$45,047.14 DKK325,911.58	$42,450.45 ISK5,933,724	-5.8%
Taxi trip in downtown area (5 miles)	$23.62 DKK170.87	$24.05 ISK3,362	+1.8%
Average			-0.6%

Denmark vs. Reykjavik - Cost of transportation

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pay 72.0% more for housing

	Denmark	Reykjavik
Internet connection 50 mbps or faster, cable/dsl	$33.71 DKK243.89	$69.87 ISK9,766	+107.3%
1-Bedroom apartment in downtown area	$967.90 DKK7,002.67	$1,971.17 ISK275,530	+103.7%
1-Bedroom apartment outside city center	$743.77 DKK5,381.13	$1,803.44 ISK252,085	+142.5%
Utilities for two (700 sq ft apartment) including electric, gas, water, heating	$157.10 DKK1,136.60	$53.95 ISK7,542	-65.7%
Average			+72.0%

Denmark vs. Reykjavik - Cost of housing

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pay 34.0% less for childcare

	Denmark	Reykjavik
Private preschool for 1 child, monthly	$519.88 DKK3,761.28	$252.14 ISK35,244	-51.5%
Middle school for 1 child, two semesters	$7,190.53 DKK52,022.80	$5,993.99 ISK837,840	-16.6%
Average			-34.0%

Denmark vs. Reykjavik - Cost of childcare

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pay 29.9% more for entertainment and sports

	Denmark	Reykjavik
Domestic/local beer (1 pint)	$7.44 DKK53.85	$10.81 ISK1,511	+45.2%
Cappuccino in mid-range area	$5.51 DKK39.86	$5.31 ISK742	-3.7%
Pack of cigarettes Marlboro or similar	$8.74 DKK63.23	$12.25 ISK1,712	+40.1%
Monthly membership at local gym	$38.95 DKK281.77	$69.95 ISK9,777	+79.6%
Movie ticket to theater/cinema	$16.76 DKK121.23	$14.77 ISK2,065	-11.8%
Average			+29.9%

Denmark vs. Reykjavik - Cost of entertainment and sports

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pay 28.4% more for clothing

	Denmark	Reykjavik
Regular jeans Levi's brand	$93.72 DKK678.03	$108.97 ISK15,232	+16.3%
Regular dress from H&M or similar store	$38.81 DKK280.77	$49.72 ISK6,950	+28.1%
Running shoes Nike or Adidas	$105.07 DKK760.20	$151.85 ISK21,226	+44.5%
Men's business shoes (leather)	$155.42 DKK1,124.43	$194.16 ISK27,139	+24.9%
Average			+28.4%

Denmark 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: January 2025

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