Cost of living comparison

Reykjavik, Iceland

compared to

Copenhagen, Denmark

Copenhagen vs. Reykjavik Cost of Living Summary

Copenhagen is 21.1% more expensive than Reykjavik.

Restaurants: pay 10.9% more in Copenhagen
Groceries: pay 2.5% less in Copenhagen
Transportation: pay 11.3% more in Copenhagen
Housing: pay 22.6% more in Copenhagen
Childcare: pay 2.2 times more in Copenhagen
Entertainment and Sports: pay 8.2% less in Copenhagen
Clothing: pay 6.5% less in Copenhagen

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

Copenhagen vs. Reykjavik Cost Breakdown

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

Display currency: USD

pay 10.9% more for restaurants

	Reykjavik	Copenhagen
Basic meal with drink at inexpensive restaurant	$20.00 ISK2,689	$21.56 DKK147.86	+7.8%
Fast food combo meal McDonalds, or similar	$18.02 ISK2,423	$14.37 DKK98.57	-20.2%
Bottle of Coca-Cola (11 fl. oz)	$3.15 ISK424	$3.78 DKK25.93	+19.9%
Bottle of water (11 fl. oz)	$2.19 ISK294	$2.98 DKK20.42	+36.3%
Average			+10.9%

Reykjavik vs. Copenhagen - Cost of restaurants

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pay 2.5% less for groceries

	Reykjavik	Copenhagen
Bread 1 loaf	$3.61 ISK485	$3.78 DKK25.94	+4.8%
Local cheese (8 oz)	$7.76 ISK1,043	$6.47 DKK44.38	-16.6%
Milk (1 gallon)	$6.40 ISK861	$7.42 DKK50.92	+15.9%
Eggs 1 dozen	$5.76 ISK774	$4.75 DKK32.60	-17.4%
Boneless chicken breast (1 lb)	$9.45 ISK1,270	$5.10 DKK34.97	-46.0%
Apples (1 lb)	$1.40 ISK189	$1.41 DKK9.67	+0.6%
Bananas (1 lb)	$1.01 ISK136	$1.42 DKK9.71	+40.2%
Oranges (1 lb)	$1.22 ISK164	$1.51 DKK10.36	+24.1%
Tomatoes (1 lb)	$2.22 ISK299	$2.12 DKK14.51	-4.9%
Potatoes (1 lb)	$1.43 ISK193	$1.07 DKK7.34	-25.4%
Onions (1 lb)	$0.93 ISK126	$0.90 DKK6.20	-3.2%
Average			-2.5%

Reykjavik vs. Copenhagen - Cost of groceries

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pay 11.3% more for transportation

	Reykjavik	Copenhagen
Gasoline (1 gallon)	$8.50 ISK1,143	$7.78 DKK53.37	-8.5%
Monthly public transit pass	$74.95 ISK10,078	$100.30 DKK687.92	+33.8%
New Volkswagen Golf 1.4 (standard edition)	$42,450.45 ISK5,707,888	$50,303.99 DKK345,004.91	+18.5%
Taxi trip in downtown area (5 miles)	$24.05 ISK3,234	$24.43 DKK167.57	+1.6%
Average			+11.3%

Reykjavik vs. Copenhagen - Cost of transportation

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pay 22.6% more for housing

	Reykjavik	Copenhagen
Internet connection 50 mbps or faster, cable/dsl	$69.87 ISK9,394	$36.84 DKK252.66	-47.3%
1-Bedroom apartment in downtown area	$1,971.17 ISK265,044	$1,691.68 DKK11,602.19	-14.2%
1-Bedroom apartment outside city center	$1,803.44 ISK242,491	$1,264.98 DKK8,675.76	-29.9%
Utilities for two (700 sq ft apartment) including electric, gas, water, heating	$53.95 ISK7,255	$151.98 DKK1,042.34	+181.7%
Average			+22.6%

Reykjavik vs. Copenhagen - Cost of housing

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pay 2.2 times more for childcare

	Reykjavik	Copenhagen
Private preschool for 1 child, monthly	$252.14 ISK33,903	$580.24 DKK3,979.53	+130.1%
Middle school for 1 child, two semesters	$5,993.99 ISK805,952	$12,599.95 DKK86,415.52	+110.2%
Average			+120.2%

Reykjavik vs. Copenhagen - Cost of childcare

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pay 8.2% less for entertainment and sports

	Reykjavik	Copenhagen
Domestic/local beer (1 pint)	$10.81 ISK1,454	$8.62 DKK59.14	-20.2%
Cappuccino in mid-range area	$5.31 ISK713	$6.19 DKK42.46	+16.7%
Pack of cigarettes Marlboro or similar	$12.25 ISK1,646	$9.05 DKK62.10	-26.1%
Monthly membership at local gym	$69.95 ISK9,405	$43.41 DKK297.69	-37.9%
Movie ticket to theater/cinema	$14.77 ISK1,987	$18.68 DKK128.14	+26.5%
Average			-8.2%

Reykjavik vs. Copenhagen - Cost of entertainment and sports

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pay 6.5% less for clothing

	Reykjavik	Copenhagen
Regular jeans Levi's brand	$108.97 ISK14,652	$115.64 DKK793.12	+6.1%
Regular dress from H&M or similar store	$49.72 ISK6,685	$48.78 DKK334.59	-1.9%
Running shoes Nike or Adidas	$151.85 ISK20,418	$121.38 DKK832.44	-20.1%
Men's business shoes (leather)	$194.16 ISK26,106	$174.89 DKK1,199.45	-9.9%
Average			-6.5%

Reykjavik vs. Copenhagen - 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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